What You Should Know: - Turquoise Health, an end-to-end healthcare pricing platform, today announced a $20M Series A investment led by existing investor Andreessen Horowitz (a16z), with participation from Bessemer, Box Group, and new investor Tiger Global. - Turquoise Health will use the funding to continue making transparent pricing ubiquitous for all healthcare stakeholders: payers, providers, and patients. Direct Contracting Platform In anticipation of July payer rates
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30 Executives Share Top Healthcare Predictions & Trends to Watch in 2021
As we close out the year, we asked several healthcare executives to share their predictions and trends for 2021. Kimberly Powell, Vice President & General Manager, NVIDIA Healthcare Federated Learning: The clinical community will increase their use of federated learning approaches to build robust AI models across various institutions, geographies, patient demographics, and medical scanners. The sensitivity and selectivity of these models are outperforming AI models
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Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience
It’s no secret that COVID-19 and the
corresponding near-immediate economic catastrophe will be felt for
significantly longer than the few short months it took to wreak its initial
havoc. While losses hit businesses from “a to z” (...except maybe Amazon, ironically),
hospitals and health systems tasked with treating the victims of this pandemic
bear a particularly harsh dose of the financial fallout -- $72 billion in CARES
Act hospital grants barely serving as a band-aid to the financial
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Revenue Cycle Startup Rivet Lands $8.25M to Expand Price Transparency Platform
What You Need to Know: - Revenue cycle management startup Rivet raises $8.25M Series A funding to expand its healthcare price transparency platform. - The price transparency platform enables providers to give patients upfront pricing with the ability to pay prior to care via text while at the same time helping providers navigate the complex process that grants “in-network” status with insurance companies. Rivet, a Salt Lake City, UT-based modern healthcare revenue cycle management
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Simplee Integrates Patient Financial Engagement Platform with Cerner RCM Solution
- Simplee integrates their patient financial engagement platform with Cerner’s revenue cycle management portfolio and consumer technology. - The integration makes it simple, efficient for providers to transform medical billing and payments into consumer-friendly experience.Simplee and Cerner Corporation today announced a new relationship aimed at price transparency, convenient billing and personalized payments options for consumers. Healthcare organizations will soon be able to use this
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Walmart Health Taps Zotec Partners to Power Patient Financial Experience
- Walmart Health has formed an end-to-end RCM technology and services relationship with Zotec Partners to simplify the healthcare financial experience processes for its customers, including primary care, dental, vision, and mental health services. - Zotec’s technology will enable Walmart Health patients to schedule and register for appointments ahead of time, confirm or change insurance and demographic information, see estimated cost for services, receive text and email updates, efficiently
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How Can Providers Support Meaningful Price Transparency to Address Consumerism in Healthcare?
The word “consumerism” and its derivatives have been tossed around the broader healthcare industry for the greater part of a decade. How we define consumerism and look at consumer behavior in relation to our institutions, systems, and programs seems key to unlocking the door to better outcomes and higher margins. However, in a landscape with more disruption than ever—greater vertical integration, technology, and regulation—we still lack the answer to these fundamental questions: What do patients
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Cerner, CoverMyMeds Integrate to Improve Prescription Price Transparency at Point of Care
Cerner, today announced a new collaboration with CoverMyMeds to integrate patient-specific information into the EHR for providers to review prescription pricing information with their patients at the point of care. Prescription price transparency can help simplify conversations between individuals and their providers to create personalized care plans that meet a person’s medical and financial needs.Integration BenefitsWhen implemented, providers will be able to view prescription benefit
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Cerner Integrates Surescripts Prescription Price Transparency Functionality With EHR
Cerner has announced a collaboration with Surescripts to integrate their Real-Time Prescription Benefit functionality into the Cerner Millennium electronic health record (EHR). Surescripts Real-Time Prescription Benefit will integrate directly into the physician’s workflow to provide patient-specific prescription information at the point of care.Prescription benefit information at the point of care will help facilitate engagement between individuals and their physicians to find the prescription
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United Healthcare, DrFirst Launch App to Tackle Med Adherence with Drug-Price Transparency
The high cost of prescription drugs is one of the top causes of patient medication non-adherence, resulting in avoidable emergency department and hospital admissions, as well as longer term poor patient outcomes. With the transition to value-based care finally becoming a reality, this challenge must be addressed — and quickly — by leading healthcare organizations. To address this critical issue, UnitedHealthcare and DrFirst has announced the launch of PreCheck MyScript, a new app that delivers
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