- Providers spend $2.76 billion each year on provider directory maintenance, a new survey by CAQH found. - For individual practices, this intensive process costs $998.84 per month--the equivalent of one staff day per week. That is time and money that most providers can't afford to waste.- CAQH surveyed 1,240 physician practices last month and just released "TheHidden Causes of Inaccurate Provider Directories"-- a new white paper that details the burdens the survey uncovered and what the industry
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CMS| News, Analysis, Insights - HIT Consultant
Price Transparency: Why Hospitals Need to Focus On Understanding Their Data
This year, hospital price transparency took a front seat after CMS issued a new set of rules and requirements. While they haven’t been written into law just yet, these rules will help set a framework for the kinds of requirements that are likely to become standard soon. With that in mind, now is the time to begin preparing for the inevitable. Creating a proactive response to the new changes as well as the evolving competitive environment and expected a response from consumers is essential for
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Research: October Health IT M&A Activity, Public Company Performance
- Healthcare Growth Partners (HGP) summary of Health IT/digital health merger & acquisition (M&A) activity, and public company performance during the month of October 2019
During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma.
The
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Fueling EHR Innovation by Outsourcing e-Prescribing Development
Health IT software – and EHRs in particular – are widely criticized for their inefficient workflows and unfriendly user interfaces. Unhappy end-users may blame EHR vendors for failing to deliver great software, perhaps not realizing that health IT companies struggle to balance limited financial and human resources and must choose between meeting ever-changing regulatory demands and creating innovative updates that improve the user experience.
Consider this: every year, vendors must make dozens
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88% of Hospitals Plan to Invest in Remote Patient Monitoring Solutions to Support Value-Based Care
- 88% of health systems and hospitals surveyed have invested or plan to invest in remote patient monitoring solutions to support their organizational transitions to value-based care, according to the latest Spyglass Consulting Group report. - Healthcare provider investments in RPM solutions are being driven by several underlying market factors including exploding healthcare costs, a rising aging baby boomer population, the increased prevalence of chronic disease, and continuous healthcare
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How Value-Based Care is Changing the Way You Build Digital Health Companies
After years of talk, fee-for-service payment models are finally being challenged in a real way. With value-based care, providers are reimbursed based on patient health outcomes rather than the number of patients they see, which has begun to pass the burden of cost from insurers and employers to providers and patients.
Fundamentally, value-based care requires vendors as well as providers to operate differently, but new revenue models and a new approach to hiring deserve special consideration. In
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AdvaMed Launches Center for Digital Health to Advance Data-Driven Healthcare
- AdvaMed launches Center for Digital Health, an advocacy platform to drive data-driven healthcare- The Center for Digital Health includes a wide range of medical and digital technology companies that are leveraging health care data and technology innovation to enable new insights, support health and wellness, improve patient interventions and outcomes and enhance the quality and efficiency of healthcare delivery.The Advanced Medical Technology Association (AdvaMed) today announced the launch of
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N.J. Physician Group ACO Generates $6.4M in Medicare Savings
- Partners In Care ACO generated $6.4M in savings and is among top 3 performers statewide under Medicare Shared Savings Program in New Jersey. - While providing high-quality care for patients, Medicare is sharing a portion of these savings with the providers in return.Partners In Care Accountable Care Organization (ACO) generated $6.4 million in savings – an average of $546 per Medicare patient – in 2018. The savings are tracked by the Centers for Medicare and Medicaid Services (CMS), under the
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CareSelect Imaging Now Uses Change Healthcare AI in EHR Workflow
- CareSelect Imaging now uses Change Healthcare AI in EHR workflow to help physicians streamline imaging orders. - The new AI capabilities will help healthcare providers using EHR systems enhance workflow efficiency, improve patient safety, provide higher-value care, and meet pending regulatory requirements governing Medicare patients.Change Healthcare, today announced that its artificial intelligence (AI) technology has been added to the CareSelect™ Imaging decision support solution. The new AI
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Cerner, i2i Population Health Integrate to Improve Health Outcomes for Medicaid Population
- Cerner, i2i Population Health to increase the care quality and reduce costs for millions that depend on Medicaid services through population health management offerings.- Cerner and i2i will use technology designed to help control costs and improve the health of Medicaid populations.- Cerner and i2i clients will be able to leverage a comprehensive bi-directional integration that allows data to flow freely in Cerner’s EHR system, HealtheIntent and i2i product suite.Cerner and i2i Population
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