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FWA Is Increasing. Healthcare Costs Are Spiraling. Now There’s A New Generation Of AI Technology To Take Back Control

by Theja Birur, Chief Technology Officer & Founder, 4L Data Intelligence 05/12/2023 Leave a Comment

FWA Is Increasing. Healthcare Costs Are Spiraling. Now There’s A New Generation Of AI Technology To Take Back Control

In 2020, the Department of Justice estimated that fraudulent, wasteful, and abusive (FWA) billing practices account for more than $100 billion of the nation’s healthcare expenditures.1 Today, the National Healthcare Anti-Fraud Association (NHCAA) conservatively estimates that healthcare FWA costs the nation about $68 billion annually, representing 3% of the nation's $2.26 trillion in healthcare spending.2  FWA estimates from commercial health plans range as high as $230 billion annually, or
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IT Infrastructure: Creating A Culture of Security In Your Hospital & Health System

by Don Kelly, Manager of the Virtual Information Security Program at Fortified Health Security 05/05/2023 Leave a Comment

Creating a Culture of Security in Your Hospital. Your Patient’s Data Depends on it!

It’s a fact: More than 80% of data breaches involve a human in some way. That could involve someone falling for a spear-phishing campaign designed to solicit credentials, clicking on a malicious link, or a simple error that leaves a security vulnerability open to bad actors. Creating a culture of security in your organization will keep security at the forefront of everything from operations to care delivery. Monitoring and maintaining the security of IT infrastructure is often overemphasized
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Elevating Workplace Safety to Combat Healthcare Violence Against Workers

by Katherine Virkstis, VP of Clinical Advisory Services, at Get Well 05/03/2023 Leave a Comment

Workplace Safety: The Most Important KPI for Healthcare Leaders Today

The healthcare workforce is in crisis. From devastating staffing shortages to unmanageable levels of stress and burnout, today’s healthcare workers are desperate for some relief. Unfortunately, exacerbating these already significant challenges is an increasing rate of workplace violence in healthcare.  According to the results of a study published recently in the American Journal of Preventive Medicine, about one-third of public healthcare workers have experienced at least one incident
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Expectations For The Connected Care Business In The Years Ahead

by Russ Johannesson, CEO at Glooko 05/02/2023 Leave a Comment

Expectations For The Connected Care Business In The Years Ahead

Though we seldom see their use in our modern world and, even then, only in fiction, there was a time when it was common for people to actually use things like crystal balls and divining rods to try to uncover unknown yet valuable information. As unbelievable as it may seem, soothsayers peered into crystal balls aiming to help seekers look into the future for guidance, while prospectors would rely earnestly on divining rods as they attempted to locate underground riches of water or oil. While
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Consumer Trust: How Healthcare Organizations Can Build Confidence with AI

by Sanjeev Sawai, Chief Product and Technology Officer, mPulse Mobile 04/27/2023 Leave a Comment

Consumer Trust: How Healthcare Organizations Can Build Confidence with AI

Trust is a vital component of healthcare. It impacts whether someone shows up for a doctor’s appointment, follows their treatment plan, or plays an active role in their health. But building trust doesn’t just happen at the front counter, inside the doctor's office, or in face-to-face interactions. Increasingly, consumers are interacting with their health plans through online and mobile touchpoints — and these virtual experiences are no less crucial to building trust than in-person
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PsychoGenics Launches AI Platform to Revolutionize Drug Discovery

by Jasmine Pennic 04/06/2023 Leave a Comment

PsychoGenics Launches AI Platform to Revolutionize Drug Discovery

What You Should Know: - PsychoGenics Inc., a provider of AI-enabled phenotypic drug discovery and preclinical CRO services launches eCube®, a novel pharmaco-electroencephalography (“pharmacoEEG”) platform. The platform supports phenotypic drug discovery, which unlike traditional target-based drug discovery, can identify novel treatments with multiple targets. How eCube Works eCube measures drug-induced changes to EEG spectra data and utilizes machine learning classifiers trained
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How Health Insurance Plans Can Track & Improve Member Engagement

by Alyssa Alsheimer, SVP of Marketing and Engagement at Wellframe 04/05/2023 Leave a Comment

How Health Insurance Plans Can Track & Improve Member Engagement

The first step toward better health outcomes happens when people become proactive about protecting their own health and well-being. Proactive action rarely appears out of nowhere, though — most of us need some inspiration to start thinking about living healthier lifestyles. That’s where health insurance plans have a real opportunity to help. Health plans can be that spark for their members: They can encourage healthier living while ensuring that members have access to the
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Value-Based Administration Enables All VBC Network Stakeholders to Benefit

by Rahul Sharma, CEO & Lynn Carroll, COO at HSBlox 04/03/2023 Leave a Comment

Value-based Administration Enables All VBC Network Stakeholders to Benefit

Despite holding the promise of delivering superior patient outcomes while lowering healthcare costs, many providers remain reluctant to embrace value-based care (VBC) reimbursement models. Progress toward VBC adoption hasn’t achieved its potential yet, hovering around 60% of all payment models from 2018 to 2021, with the remaining 40% comprised of traditional fee for service (FFS). Though some providers simply are hesitant to abandon the FFS model that has served them well, others are leery
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Report: Razor Thin Hospital Margins Becoming The New Norm

by Jasmine Pennic 03/28/2023 Leave a Comment

Report: Razor Thin Margins Becoming New Normal for Hospitals

What You Should Know: - Hospital finances are beginning to stabilize as razor-thin margins become the new normal, according to the newest data from Kaufman Hall. The National Hospital Flash Report draws on data from more than 900 hospitals from Syntellis Performance Solutions.  - The latest National Hospital Flash Report shows that the high level of variance that plagued hospital margins over the past
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Rethinking Behavioral Health Support in the ED: 3 Keys for Innovation

by Benjamin Zaniello, MD, MPH, Chief Medical Officer, PointClickCare & Dr. Enrique Enguidanos, Founder & CEO of CBC Solutions 03/28/2023 Leave a Comment

Rethinking Behavioral Health Support in the ED: 3 Keys for Innovation

About one out of five Americans with serious illness struggled to access care during the pandemic, and rates were significantly higher among disadvantaged populations, a 2022 study found. Now, as mental health-related visits in emergency departments (EDs) continue to rise, healthcare professionals must consider: “How can we create better behavioral health supports for people in crisis?” It's a question that has significant implications for quality of care as well as cost. The High Cost of
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