What You Should Know: - Notable, the leading intelligent automation company for healthcare, today announced the results of a new patient survey, highlighting that legacy digital solutions and manual workflows limit patients’ ability to access care. - 61% of patients surveyed said that they skipped going to the doctor in the past year because scheduling an appointment was too much of a hassle. Evaluating Why Patient Portals Fail to Meaningfully Expand Access to Care Notable is
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Intermountain Healthcare System | News, Analysis, Insights - HIT Consultant
MedStar Health Awarded $2M Telehealth Research Grant
What You Should Know: - MedStar Health has received a nearly $2 million telehealth research grant from the Agency for Healthcare Research and Quality (AHRQ) to expand its research collaboration with Stanford Medicine and Intermountain Healthcare focused on telehealth access, safety, and equity. - The grant will allow researchers to establish a patient safety learning laboratory over a four-year funding period to apply a cross-disciplinary, human factors and systems
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Why Now is the Time to Double Down on Virtual Care
For an industry that traditionally embraces change at a glacial pace, the pandemic has been a wake-up call for healthcare. Once COVID-19 struck, the shift to video, telephone engagement and remote patient monitoring spiked seemingly overnight. This surging demand for virtual care resulted, in many cases, in increased provider efficiency, provider-patient interactions, and satisfaction. One national telehealth organization covering 2,000 hospitals and 81,000 doctors, for example,
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Analysis: 2022 Semi-Annual Health IT Market Review
Executive Summary Act III of COVID: Navigating the Crosscurrents of Post-Inflation 2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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VC General Catalyst Closes $675M Health Assurance Fund II
What You Should Know: - Early-stage venture capital firm General Catalyst closes $670 million Health Assurance Fund II. - The new fund comes on the heels of the Health Assurance Fund I closed in April of 2021 at $600M. To date, General Catalyst has invested $1.7B in companies aligned with the health assurance thesis. Health Assurance Fund II Investment Thesis This new fund will allow us to continue to accelerate General Catalyst’s work on building a value-oriented system and focus
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Intermountain Partners with VC Firm General Catalyst on Innovation
What You Should Know: - Intermountain Healthcare announced a strategic partnership with digital health venture capital firm General Catalyst that will involve jointly exploring opportunities to accelerate the shift to value-based care through digital and other solutions. - As part of the collaboration, Intermountain and General Catalyst will leverage the Health Assurance Network, which is a group of tech innovation companies within General Catalyst’s investment portfolio that are dedicated
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ScionHealth Signs 10-Year End-to-End RCM Partnership with R1 RCM
What You Should Know: - Today, R1 RCM, a leading provider of technology-driven revenue cycle management (RCM) solutions, is announcing a 10-year end-to-end partnership with ScionHealth, a new Louisville-based health system comprising nearly 80 hospitals, to provide exclusive enterprise RCM services to its long-term acute care hospitals. - ScionHealth joins healthcare systems including Ascension, Intermountain Healthcare, LifePoint Health, Penn State Health and more that have chosen R1 to
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Why a Focus on Behavioral Health is Key to Improving Quality Measures
Since the passage of the Medicare Improvements for Patients & Providers Act in 2008, the U.S. healthcare system has been moving towards value-based care (VBC) which encourages health providers to improve care quality by reimbursing them based on successful outcomes rather than individual medical services. The overarching goal of VBC is to improve the patient experience, improve population health, and reduce per capita health costs. As part of this VBC model, hospitals and health systems
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Amwell Launches Smart TV Carepoint Device to Increase Telehealth Use in Patient Rooms
What You Should Know: - Amwell launches new smart tv Carepoint device that enables hospitals to use televisions for telehealth in an effort to help hospitals scale and simplify access to telehealth by using devices that already exist in patient rooms. Intermountain Healthcare has already successfully deployed more than 1,200 units across nearly 50 locations. - Designed to further expand integrated telehealth connectivity via the Amwell platform, the new
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Shields Health Solutions, ExceleraRx Announce Specialty Pharmacy Merger – M&A
What You Should Know: - Shields Health Solutions and Excelera announce a major
specialty pharmacy merger that will form a combined company that consults with
700+ hospitals in 43 states, including Mass General Brigham, Yale New Haven,
Intermountain Healthcare and Henry Ford. - The network of hospitals is designed to improve patient
care through an infrastructure that helps with things like acquiring prior
authorization for specialty drugs and staying adherent to them. It can also
lower
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