What You Should Know:
A new study from Bain & Company and KLAS Research shows US healthcare providers are accelerating spending on IT and software. The research shows nearly 80% of healthcare executives say they increased spending materially over the past year, spurred by emerging technologies—particularly generative AI—labor shortages, and cost pressures.The survey of more than 200 US healthcare provider executives showed nearly 75% are expecting growth in software and technology
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Debunking 3 Myths About Virtual Care to Drive Health Equity
Despite positive proof points, the expansion of virtual care and remote patient engagement strategies - including RPM - continues to be hampered by misconceptions among potential users and misalignment of financial incentives among providers and payers.
It’s time to take a look at some of the myths holding back the adoption of virtual care and remote patient engagement tools and limiting progress toward achieving the interconnected goals of the Quintuple Aim.
If there’s a silver
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Notable Launches ChatGPT-Like Assistant for Patients
What You Should Know:
Notable, the leading automation platform for patient engagement and staff workflows, launched Notable Assistant, a first-of-its-kind patient assistant designed to expand access to healthcare information and services using large language models (LLMs) and conversational AI.Built on the rich data at the heart of the Notable platform, Patient AI, Notable Assistant introduces an accessible experience, in which every patient has a personal guide navigating them through
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Intermountain to Replace Cerner with Epic Enterprise EHR by 2025
What You Should Know:
- Intermountain Health, one of the largest not-for-profit healthcare systems based in Salt Lake City announced the implementation of Epic’s enterprise EHR platform across the organization by the end of 2025. Intermountain’s current contract with Cerner is slated to end by November.
- The deployment will establish a single, unified EHR platform across 33 hospitals and 385 clinics across seven states to optimize cost savings, patient experience, and interoperability.
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M&A: NextGen Healthcare EHR Acquired by PE Firm for $1.8B
What You Should Know:
- Thoma Bravo, a private equity software investment firm has acquired NextGen Healthcare, Inc, for over $1.8B in cash.
- Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The acquisition is expected to close in the fourth calendar quarter of 2023
- Upon completion of the acquisition, NextGen Healthcare’s common stock will no longer be listed on any public stock exchange and will become a privately held
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UPMC to Replace Oracle Cerner with Epic Enterprise EHR by 2026
What You Should Know:
UPMC announced it is replacing Oracle Cerner with Epic’s enterprise EHR platform to create a unified platform across its health system, representing more than six million patient records. UPMC previously deployed Epic in its outpatient space, Pittsburgh Post Gazette reports.UPMC cites lowering operational costs, optimizing security, and improving patient engagement as reasons for the EHR replacement.Migration of all UPMC patient records to Epic’s EHR platform is expected
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FIGS & Eko Health Launches New Digital Stethoscope
What You Should Know:
FIGS, Inc. (NYSE: FIGS), the direct-to-consumer healthcare apparel and lifestyle brand, and Eko Health, Inc. (“Eko”), a leading innovator in digital health technology for heart and lung disease detection, today announced the launch of the FIGS | Eko CORE 500TM Digital Stethoscope.The collaboration unites two companies that have reinvented two healthcare professionals’ mainstays — scrubs and stethoscopes — through new technology, modern design, and authentic
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KLAS: Epic EHR Initiatives for Improving EHR Efficiency and User Satisfaction
What You Should Know:
With limited budgets and resources, Arch Collaborative members frequently ask KLAS which of their EHR vendor’s education initiatives and system features are most effective at improving EHR efficiency and satisfaction. Because Epic users make up over 60% of respondents in the Arch Collaborative’s data sample, a new KLAS report evaluates several Epic-specific initiatives and features to help Epic customers determine whether they are worth the investment.While not
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HCA Healthcare Collaborates with Google Cloud to Bring Generative AI to Hospitals
What You Should Know:
- HCA Healthcare and Google Cloud today announced a new collaboration designed to use generative AI technology to improve workflows on time-consuming tasks such as clinical documentation, so physicians and nurses can focus more on patient care.
- This expanded work with Google Cloud is part of a strategic partnership announced in 2021 that includes safeguards to protect patient privacy and the security of data.
Optimizing Clinical Documentation
As part of a
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Leveraging API Infrastructure to Avoid Healthcare Data Silos
Healthcare providers depend on comprehensive patient data to make fast, informed decisions. Unfortunately, our existing healthcare ecosystem has evolved into a collection of data silos that have, over the years, multiplied because of legacy healthcare systems that have stacked on top of one another. These silos of data were constructed around intentional business decisions to hold data, making it harder for new entrants - both EHR platforms and practices.
Over the years, these silos have
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