Inflation continues to be a burden – food, gas, holiday spending, new year’s goals This past year has been especially challenging as inflation costs continue to touch all aspects of daily life, leading to tough choices for many consumers as we finished the holiday season and look to goals and planning for 2023. In fact, two out of five (40%) survey respondents said inflation changed the way they shopped for the holidays. As consumers adjust their spending habits, many are finding
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Episode of Care
Why Data is at the Heart of Value-Based Care Success
The saying “you cannot manage what you cannot measure” applies to all aspects of healthcare delivery, but it is especially true in value-based care. After all, payers, providers, and the patients they care for need to know what high-value care looks like at an individual level – and how it can be applied at the population level. Delivery and technology infrastructure. All too often, data is captured in disparate systems, forcing administrative staff – or, worse, physicians and nurses – to
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Komodo Health, Turquoise Health Partner to Better Understand Price Transparency
What You Should Know: - Today, Komodo Health and Turquoise Health announce a partnership to bring data-driven intelligence to healthcare price transparency across the U.S. - Building on Komodo technology, Turquoise Health is strengthening the power of its platform with intelligence from the Komodo Healthcare Map. The partnership will equip Turquoise Health with information and insights to analyze patient journeys on a holistic basis to better understand the full constellation of costs
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What Hospital Success Looks Like Under Value-Based Care
Hospitals are increasingly turning to value-based care initiatives to transform care delivery, lower the total cost of care, and improve patient outcomes. Unlike traditional fee-for-service (FFS) models that reimburse providers based on volume (i.e., the number of patient visits), providers are reimbursed based on the quality of care delivered in value-based care. Ultimately, success under these reimbursement models hinges upon seamless coordination between all stakeholders across the continuum
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Phenomix Sciences Launches Obesity Biobanking Registry Studying Personalized Treatment Options Based on Genetics
What You Should Know: - Biotech company Phenomix Sciences launches its biobanking registry, marking the first obesity registry to study the impact of personalized treatment based on phenotyping. The impact of this biobanking registry and the data it will yield has the potential to change the entire system’s approach to obesity, from a treatment recommendation to the way payers determine coverage and how the industry combines diagnostics testing with drug therapy. - The
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How Patient Movement Benefits from Standardized Acuity Scoring
Nurses and providers typically assess patient acuity and volume at the beginning of their shift, whether formally or informally. Managers use patient acuity to balance nursing assignments, and nursing staff uses it to determine which patient care action should be prioritized next. Taking a standardized approach to acuity assessments not only provides more objectivity, but also gives hospitals the data they need to make a variety of tactical and strategic decisions, from daily unit staffing to
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How Can We Reduce Clinician Burnout? Improving Patient and Caregiver Engagement
Even as we (hopefully) approach the tail-end of the latest COVID-19 wave, one growing healthcare challenge continues to worsen: clinician burnout. Nurses, physicians, schedulers, and other members of care-provider teams continue to post rising rates of burnout. They’re feeling overwhelmed and underappreciated due to factors such as hectic workplaces and schedules, extended workloads, and excessive administrative tasks. This is an alarming trend that the entire healthcare industry needs to be
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Cardinal Health and Deep Lens Collaborate for AI-based Oncology Clinical Trial Matching
What You Should Know: - Today, Deep Lens and Cardinal Health announced a strategic collaboration that will integrate Deep Lens’ AI-based clinical trial matching solution, VIPER, into community-based oncology practices throughout the Cardinal network. VIPER will be a part of Cardinal Health’s new Navista advanced suite of technology solutions designed to help oncologists improve outcomes, provide high quality care at the best possible cost and select the right care plan at the onset of
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Signify Health Acquires Healthcare Payment Blockchain Company PatientBlox
Signify Health, a leading provider of technology-enabled healthcare solutions designed to keep people healthy and happy at home has acquired PatientBlox, an Atlanta-based technology company with deep expertise in applying distributed ledger technology in healthcare. The acquisition accelerates Signify's prospective provider payment capabilities for episodes of care, supporting the company's commitment to advance value-based care through novel payment and risk arrangements. Financial details of
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Humana Taps Cohere Health to Modernize Prior Authorizations for Musculoskeletal Treatment
What You Should Know: - Cohere Health partners with health insurer Humana to modernize the prior authorization process for musculoskeletal treatment across 12 states. - In addition, the company has closed an additional $10M in funding led by Flare Capital Partners and Define Venture, bringing the company’s total funding to $20M. Health insurer Humana has signed an agreement with healthcare collaboration company Cohere Health to improve the prior authorization process for
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