The human and economic statistics surrounding the opioid epidemic are staggering. According to the U.S. Department of Health and Human Services, 11.4 million people have misused prescription opioids, and more than 130 people die daily from opioid-related drug overdoses.Moreover, the Society of Actuaries found that the total economic burden of the opioid crisis in the United States from 2015 to 2018 was at least $631 billion. The organization attributed nearly one-third of that cost to extra
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House Lifts Ban on Funding of NPI System: 7 Implications to Know
Jerris Heaton, Digital marketing Specialist at Medsphere
The House of Representatives recently voted to lift a ban prohibiting funding for a national patient identifier system (NPI) designed to improve patient matching.
So, what does that mean moving forward?
Let’s dive into the implications of the House’s vote.
What Will an NPI System Do?
Now that the House has lifted the ban on the U.S. Department of Health and Human Services (HHS) providing funding a national patient identifier, it’s
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What Will It Take To Build The Uber of Medical Records? 3 Critical Steps to Consider
Josh Douglas, Chief Technology Officer at Bridge Connector
Our healthcare system has struggled with data silos and clumsy, antiquated data sharing practices forever and a variety of stakeholders will need to work together to achieve anything close to an “Uber of medical records.”
It’s well documented and understood that the healthcare industry has historically been slow to adopt new technology while other business sectors have welcomed it with ease. For example, while most industries
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Analysis: November 2019 Health IT M&A Activity, Public Company Performance
– Healthcare Growth Partners' (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of November 2019We did a doubletake when we noticed all of the HGP healthcare indices climbed approximately 10% during the month of November. Year-to-date, the S&P 500 is up over 25% and the HGP healthcare indices are all hovering in that range. In the two month period since September, when talk of universal healthcare reached
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How Innovations in Regional Nerve Blocks Are Helping Anesthesiologists Combat the Opioid Epidemic
Dr. Armen Chalian M.D., Allied Anesthesiologist
Opioid abuse — as you know — has now become a national crisis, with the Centers for Disease Control and Prevention estimating a $78.5 billion annual burden on the American economy. What can be done?
Advancing better practices for pain management is a key strategy in the U.S. Department of Health and Human Services’ (HHS) plan for addressing this epidemic. This is where healthcare providers come in. If we can start our patients along a track
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HHS Launches $1.5M Second Phase of KidneyX Prize Competition to Redesign Dialysis
- KidneyX launches the $1.5 million second phase of the Redesign Dialysis prize competition.- Redesign Dialysis Phase 2 seeks prototype solutions or components of solutions, that can replicate normal kidney functions or improve dialysis access.- The competition calls on researchers, innovators, patients, and investors with expertise in nephrology, biotechnology, bioengineering, and medical devices to submit solutions.The U.S. Department of Health and Human Services (HHS) and the American Society
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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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Papa Raises $10M to Expand “Grandkids on Demand” Platform to Address Social Isolation in Seniors
- Papa raises $10M in Series A funding to expand “grandkids on-demand” platform to help reduce social isolation in seniors. - Adds partnerships with multiple large health insurance plans, including Humana, Aetna, Priority Health and Alignment Healthcare. - Papa will use the funding to expand its services to a broader population of older adults, via partnerships with additional insurance plans and employee benefits provider.Papa, a digital health company that provides “grandkids on demand” to
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Mon Ami Lands $3.4M to Tackle Social Isolation in Aging with Companions
- Mon Ami raises $3.4M in seed funding led by Freestyle Ventures and Cowboy Ventures to tackle social isolation in aging.
- By pairing older adults with college students for social visits, Mon Ami's marketplace focuses on life enrichment, not just life extension and fills a much-needed gap in the home care service industry.
Mon Ami, a Palo Alto, CA-based digital health company tackling social isolation in aging, today announced the closing of its $3.4M seed financing led by
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PE Firm Warburg Pincus Acquires CareLogic Behavioral Health EHR Platform
- Private equity firm Warburg Pincus has acquired CareLogic behavioral health platform to accelerate product development and expand sales and marketing efforts.
- Qualifacts' CareLogic Enterprise Software is a comprehensive Electronic Health Record (EHR) designed for behavioral health, mental health, & human services.
- The partnership will also help the company identify strategic relationships and acquisition opportunities.
Warburg Pincus,
a healthcare
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