This year’s HIMSS Conference offered some exciting insights and a renewed focus on data-sharing and interoperability. While the healthcare industry has been extolling the virtues of data interoperability for years until recently it has remained one of the biggest obstacles to providing quality healthcare today. Yet, the tides are turning. New government regulations, like the Centers for Medicare & Medicaid Services’ interoperability rules and the Fast Healthcare Interoperability Resources
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Why Health Plans Must Have Next-Gen CAPS Technology for Digital Transformation
Core Administrative Processing Systems (CAPS) operate as the brains behind a health plan’s business. These systems are critical to the smooth functioning of a health plan. Today, many payers run on decades-old CAPS systems built on legacy technologies. This can be a serious drawback. Legacy systems may have been efficient based on the technology and best practices of decades past, but have aged beyond their time. They often require an increasing number of workarounds and fixes to try to
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Health and Social Care Northern Ireland Taps Tegria for National Digital Transformation
What You Should Know: - Health and Social Care Northern Ireland (HSCNI) has enlisted the support of global healthcare technology specialist, Tegria, and digital health consultancy, Cloud21, in a deal to support its national digital transformation program. - The organizations will help to deliver Northern Ireland’s Encompass program – a decade-long initiative that aims to deliver improvements to outcomes for patients by making it easier for health and care
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HealthStream Acquires Continuing Education Platform CloudCME
What You Should Know: HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced the completion of its acquisition of the remaining equity interest of CloudCME, a Nashville-based healthcare technology company with a nationwide customer base. - The acquisition expands HealthStream’s presence as a market leader in healthcare continuing education and continuing medical education management with the acquisition of another powerful application
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Delivering Patient-Centered Care Means Decluttering the Digital Health Landscape
Digital health companies (DHCs) and their solutions continue to grow at a rapid pace. This is in part being fueled by the record funding for DHCs, with over $29 billion for US-based companies in 2021 alone. As a result, patients are inundated with solutions from every direction – from employers, health plans, and directly through consumer-oriented apps and wearables. Physicians are also getting into the mix by directly prescribing digital therapeutics. On the surface, the blossoming of the
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Luma Health & Change Healthcare Partner to Develop Solutions to Optimize Patient Journeys
What You Should Know: - Luma Health, a digital health company streamlining patient-provider communications announced a strategic partnership with Change Healthcare, a healthcare technology company that provides the connection and data transfer between providers, payers, and consumers. - The two companies will develop solutions to meet health systems' demand for streamlined and unified clinical, operational, and financial journeys. Develop Solutions to Unify All Journeys -Clinical,
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Can Automation Drive Health System Outcomes?
The United States spends about $1 trillion per year on healthcare administration. 95% of healthcare workforce growth since 1990 has been administrative. But adding administrative staff hasn’t helped health systems stay on top of the increase in manual work queues, and it certainly hasn’t been improving outcomes for patients. So when asked if automation can drive better health system outcomes, through my work in healthcare technology, I know for a fact that it already is. Research has
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Health Tech VC Firm Flare Capital Partners Closes $350M Fund
What You Should Know: - Flare Capital Partners, a Boston-based healthcare technology venture capital firm closes its third fund with $350M, which follows up on its prior two funds raised in July 2019 and the inaugural fund raised in April 2015, respectively. - The most recent fund, establishes Flare Capital Partners as one of the largest, independent, early-stage venture capital firms dedicated to healthcare technology. “When we started the firm in 2014, over $4.5 billion was invested
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NotiSphere Raises $3.6M to Scale Medical Recall Platform
What You Should Know: - NotiSphere, a healthcare technology startup focused on transforming the medical recall alert process by directly connecting suppliers to recall coordinators at healthcare organizations, today announced a $3.6 million Series Seed round led by Royal Street Ventures, with participation from Okapi Ventures, Stage Venture Partners, Revolution's Rise of the Rest Seed Fund, Coelius Capital, Supernode Ventures and Cedars Sinai Health Ventures. This latest financing brings
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CareCloud Adds Chronic Care Management Service to its Digital Health Portfolio
What You Should Know: - CareCloud, Inc., a healthcare technology solutions provider for medical practices and health systems nationwide, has announced its new offering, CareCloud Wellness for chronic care management as part of its growing suite of digital health solutions that help providers enhance patient care and revenue streams. - CareCloud Wellness gives practices the means to easily participate in the government’s
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