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Health IT & Digital Health-Opinion | Op-Eds | Guest Columns | Analysis, Insights - HIT Consultant

The Rule of 40 in Health IT: Should your Company Prioritize Profitability or Growth?

by Laura Gama and George Bailey at Healthcare Growth Partners 03/27/2019 Leave a Comment

Rule of 40 in Health IT

George Bailey, Associate at Healthcare Growth Partners (Left)Laura Gama, Investment Banking Analyst at Healthcare Growth Partners (Right)   Among the venture capital and growth equity community, a common rule of thumb for software companies is the “Rule of 40”. The rule simply states that a healthy software company’s net profitability + revenue growth rate should exceed 40%. This rule provides a guideline to balance the trade-off between revenue growth and profitability, a question many of
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Impact of Patient-Generated Health Data From A Cancer Perspective

by Thanos Komidis, Co-founder & CEO at Care Across 03/26/2019 Leave a Comment

Thanos Komidis, Co-Founder & CEO at Care AcrossPatient-generated health data (PGHD) contains entire datasets which, contrary to electronic health records (EHRs), are collected based on patient input. This data may be directly entered or provided by patients (e.g. via quality of life questionnaires) or may be generated indirectly (e.g. via wearable devices).Patient-Generated Health Data in A Shifting Healthcare ModelIn healthcare, the biggest focus has traditionally been mostly around EHR
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Technology Behind Innovative Screening for Non-alcoholic Fatty Liver Disease

by Laurent Sandrin, Co-founder of Echosens 03/26/2019 Leave a Comment

Technology Behind Innovative Screening for Non-alcoholic Fatty Liver Disease

 The American Liver Foundation estimates that over 30 percent of the U.S. population has some degree of non-alcoholic fatty liver disease (NAFLD), the most common type of liver disease in the Western world. This can impact other factors of overall health, given the link between NAFLD and diabetes, obesity, insulin resistance, and other metabolic risk factors.One of the key issues in NAFLD patients is the differentiation of NASH from simple steatosis and identification of advanced hepatic
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Why Robotic Surgery is the Future of Urology

by Dr. Neal Patel, M.D., Chief Technology Officer at Advanced Urology 03/25/2019 Leave a Comment

Why Robotic Surgery is the Future of Urology

The evolution from open surgeries to minimally invasive procedures is in large part due to the development of robotics. Robotic technology allows surgeons to provide more precise, efficient outcomes for their patients than the traditional approaches used in open surgeries. From the first robotic-assisted procedure in 1985 (neurosurgical biopsy) to the invention of the da Vinci Surgery System for general laparoscopic surgery in 2000, the advancement of robotic surgery has continued to skyrocket
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How Our Texas ACO Saved Medicare $14M with Population Health Approach

by Victoria Farias, Program Administrator at Rio Grande Valley Health Alliance 03/20/2019 Leave a Comment

How Texas ACO Aces the MSSP with Hands-On Population Health Approach

Only about a third of the accountable care organizations (ACOs) in the Medicare Shared Savings Program (MSSP) qualified for bonuses in 2017. Our ACO, the Rio Grande Valley Health Alliance (RGVHA), was one of them. In fact, we’ve generated enough MSSP savings to net bonuses for five years in a row. In 2015, RGVHA saved Medicare $14.2 million, of which our providers received half. In 2016, our ACO’s first year in Track 3 of the MSSP, we received 75% of the $8.5 million we saved. And in 2017,
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The Blueprint to Scaling Social Determinants of Health (SDOH) Data Collection

by Lindee Chin, MD, Senior Clinical Director of Value-Based Care at Edifecs 03/18/2019 Leave a Comment

In the value-based care world, cost-effective treatment, quality of care, and patient outcomes determine payment. Social determinants of health (SDOH) represent the economic, psychological, educational, environmental and social barriers that limit healthy behaviors, access to care and adherence to treatment resulting in poor health outcomes. Many stakeholders in health care are trying to address social determinants as part of their value-based care strategy. However, many organizations are
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Do Americans Have Too Many Healthcare Choices? Can Healthcare IT Help?

by Irv Lichtenwald , CEO of Medsphere Systems Corporation 03/14/2019 Leave a Comment

Medsphere CEO Talks Affordable Healthcare IT and Future of EHRs

A creatively illustrative scene from the 2008 film The Hurt Locker follows the primary character, William James, on a trip to a local grocery store. James is an ordnance disposal technician home from the war in Iraq whose wife asked him to pick up a few things from the store, including cold cereal. As James stands dazed and overwhelmed before the wall of cereal options, the camera pans back to reveal an entire aisle wall—floor to ceiling, end to end— of cereal boxes from
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3 Health Markets Ripe for Disruption to Watch

by Vance Vanier M.D., Founder/Managing Partner at Chicago Pacific Founders 03/12/2019 Leave a Comment

3 Health Markets Ripe for Disruption

There are two constants in the healthcare industry. First: the field is dynamic to the point of perpetual change; innovations inevitably kick old practices to the curb. Second: patients will always need high-quality care from their medical providers, even as those practices and the medical landscape shifts under their feet. Investors in the field are perpetually on the lookout for ways to take advantage of the opportunities that arise in this dynamism, and to find ways to disrupt stale
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Why AI-Enabled EHRs & Telemedicine is Transforming Behavioral Health

by Ali Beheshti, Founder and CEO of Zealie 03/11/2019 Leave a Comment

Taking New Medications: Consumers Blame Anxiety on Lack of Time with Physicians

Behavioral healthcare is on the precipice of an exciting new frontier. While the sector has been slow to adopt major tech innovations, emerging tools are ushering in unique advantages that allow providers to maximize profit, advance their sector and improve care for patients more than ever before.As a CEO working within the tech and revenue cycle management industries, I listen to the concerns of both insurance companies and healthcare providers to identify trends in behavioral healthcare every
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Why Walmart Centers of Excellence Model Could Redefine How Employers Deliver Quality Care

by Larry Leisure, Co-founder & Managing Partner, Chicago Pacific Founders 03/06/2019 Leave a Comment

Why Walmart's Center of Excellence Model Could Redefine How Employers Deliver Quality Care

Mitigating the cost of healthcare expenses has long been an uphill battle for employers, though the problem has become particularly pressing in recent years. The price tags for routine treatments and specialty services alike are on the rise; patients and payers alike shoulder heavy cost burdens for everyday care needs. The benefits packages that may have provided sufficient coverage a decade ago are now stretching to cover costs -- and the companies paying out those benefits are desperately
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