Several hospital telehealth vendors enjoyed great success in 2020 as they benefitted from unprecedented demand for their IT and services during the pandemic. But as lockdown restrictions were lifted and the strain on hospitals’ in-house capacity across the ICU and other acute care wards eased into the second half of 2021, were the vendors able to maintain their growth? With full-year results from several of the leading hospital telehealth vendors now published, here’s our take on the recently
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Acute Care | Health IT | News, Analysis, Insights
Patient Flow Challenges Contributing to Provider Burnout
There has been frequent reporting about the problem of provider workforce shortages within hospitals and health systems and the related burnout experienced when working in high-stress situations during the Covid-19 pandemic. There are pre-existing and contributing patient flow challenges that have been exacerbated by the pandemic, which can lead to burnout, and therefore are worth discussing.
Exposing the Problem
The extent of provider burnout over the course of the pandemic is well
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ScionHealth Signs 10-Year End-to-End RCM Partnership with R1 RCM
What You Should Know:
- Today, R1 RCM, a leading provider of technology-driven revenue cycle management (RCM) solutions, is announcing a 10-year end-to-end partnership with ScionHealth, a new Louisville-based health system comprising nearly 80 hospitals, to provide exclusive enterprise RCM services to its long-term acute care hospitals.
- ScionHealth joins healthcare systems including Ascension, Intermountain Healthcare, LifePoint Health, Penn State Health and more that have chosen R1 to
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3 Senior Living Providers Merge to Form Curana Health
What You Should Know:
- Three leading organizations that provide healthcare services to senior living communities – Elite Patient Care, Provider Health Services, and AllyAlign Health – have joined forces to form Curana Health. Curana Health’s mission is to improve the health, happiness, and dignity of senior living residents. The Curana Health ACO is a value-based care program for original Medicare beneficiaries.
- The combined Curana Health organization spans 26 states and over 1000+
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Element5 Secures $30M to Expand Automation for Post-Acute Care
What You Should Know:
- Element5, the world’s first Automation-as-a-Service solution purpose-built for post-acute care, today announced that it has raised $30 million in a Series B funding round led by Insight Partners. With the closing of the Series B funding round, Element5 has raised $48.5M in total capital to date.
- This investment will strengthen Element5’s position and enable the company to continue the disruption of the health care industry’s $400B post-acute
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Analysis: CMS Data Underestimates Hospital Labor Spending
What You Should Know:
- Centers for Medicare & Medicaid Services’ (CMS) payment adjustments did not adequately address hospitals increased costs for FY 2021, according to new data from Premier.
- The data reveals this discrepancy has resulted in hospitals receiving only a 2.4 percent rate increase, compared to a 6.5 percent increase in hospital labor rates, which account for 76 percent of hospital costs.
- The data CMS uses to account for real
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How Digitizing HR Operations Alleviates Burnout & Increases Retention in Healthcare
Human resources (HR) leaders in healthcare are facing an uphill battle with the Great Resignation heavily impacting staffing levels across organizations of all sizes. The healthcare sector has been among the hardest-hit industries by the Great Resignation due to the increased pressure and burnout among frontline workers that are facing almost three years of a global pandemic. The situation is even more dire among the post-acute and senior living care industries. According to recent research, the
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IntelyCare Secures $115M for Intelligent Nurse Staffing Platform at $1.1B Valuation
What You Should Know:
– IntelyCare, a leading intelligent workforce management solution for post-acute facilities raises $115M to solve the nationwide nurse shortage.
– IntelyCare plans to build on this momentum by using the new funding to expand its footprint to new states and invest heavily in its AI-based platform and data science technology.
IntelyCare, a Quincy, MA-based tech-enabled nurse staffing platform for healthcare organizations announced it has secured $115M in a Series C
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Why Digital Transformation Is Imperative to Combat Healthcare’s Labor Crisis
As the coronavirus pandemic first spread across the globe, health systems turned to technology and virtual care while focusing their efforts on COVID-19 and its consequences. Physicians deployed digital tools to keep the worried well out of hospitals, to keep beds open for COVID-19 patients, and to support and manage conditions like pregnancy from the safety of patients’ homes.
Now the healthcare sector faces a new challenge. The so-called “Great Resignation” is causing workers to leave their
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Nurses Are Beyond Burnout, Suffering From PTSD as Spiraling Work Demands, Report Finds
What You Should Know:
- A majority of nurses (56%) report that they’re sacrificing their mental health for the job, reveals survey data from the IntelyCare Research Group. IRG is the research arm of IntelyCare, the largest digital staffing platform for nursing professionals seeking per diem positions.
- The third-party data demonstrates that working conditions during COVID-19 have taken a significant toll on nurses’ mental, physical and emotional well-being and
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