According to the National Assessment of Adult Health Literacy, only 12% of adults in the U.S. have proficient health literacy skills.
Healthcare is a unique industry because it is wide-ranging yet highly personalized. Health literacy is important for patients, physicians and their communities. Each of these groups comes together to improve health systems and patient care, which is why mutual understanding and clear communication is vital to patient outcomes. Below, we discuss recommendations
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Medical Practices
Why Health Systems Need a New Transition Strategy to APMs
There is an adage that change in healthcare moves at the speed of tectonic plates. The slow adoption of Alternative Payment Models (APMs), the central feature of value-based care, is a good example of constraint despite immense pressure to control costs.
Data from 2020 demonstrate almost zero change from 2018 in the proportion of straight Fee-for-Service (FFS) reimbursement. Other results show a slight uptick in APMs with or without downside risk at 34.6 percent. However,
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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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NexHealth Nabs $125M for End-to-End Patient Experience Platform
What You Should Know:
Today, NexHealth announced its $125M Series C funding, bringing the company’s valuation to $1B for its patient experience platform.
- The funding will support the company in advancing its mission to create a more streamlined doctor and patient experience while building the seamless technological infrastructure needed for future health tech entrepreneurs to innovate upon.
NexHealth, a San Francisco, CA-based patient experience management platform
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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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House Rx Secures $30M to Optimize the Specialty Pharmacy Experience for Patients and Their Care Teams
What You Should Know:
- Today House Rx, a health technology platform that empowers oncology and rheumatology physician practices with medically integrated dispensing, announced they’ve secured $30 million in financing.
- Founded by two former Flatiron Health executives, Ogi Kavazovic and Tesh Khullar the company has partnered with four medical practices and 30 prescribers since March 2021.
House Rx, a health technology platform focused on improving
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Intrado Acquires EHR-Embedded Closed-Loop Solution Asparia – M&A
Intrado Corporation (“Intrado” or the
“Company”), a global leader in technology-enabled services, announced today
that it has acquired
Asparia, Inc., a leading provider of
patient engagement solutions for health systems, hospitals, and medical practices.
EHR-Embedded Automated Patient Communication Platform
Asparia acts as the communications bridge between the EHR and patients. The company’s simple, easy-to-use platform complements existing functions and reduces staff burden
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Pair Team Emerges Out of Stealth with $2.7M to Automate Primary Care Operations
What You Should Know:
- San Francisco-based digital health startup Pair Team
emerges out of stealth with $2.7M in seed funding backed by Kleiner Perkins,
Craft Ventures, & YC.
- Pair Team provides both a remote team and AI that automates workflows, provides infrastructure & improves medical practices — efficiencies and billing as you’d expect, but all driving toward value-based, quality patient care.
- Pair’s wrap-around technology tripled the rate of annual wellness visits
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M&A: RxVantage Acquires onPoint Oncology to Expand Offering to Oncology Practices
What You Should Know:
- RxVantage has acquired onPoint Oncology to provide cancer care teams with on-demand access to educational resources, reimbursement data, and analytics.
- The acquisition of onPoint Oncology builds on
RxVantage’s rapidly expanding digital offerings for providers. In April,
RxVantage launched Virtual Meetings to help providers reestablish access to
life science experts amidst the disruptions caused by COVID-19.
RxVantage, the
leading digital
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HHS Extends Compliance Dates for Information Blocking Requirements
What You Should Know:
- HHS released an interim final rule to extend compliance dates and timeframes to meet information blocking beyond those identified in April 21, 2020, enforcement discretion announcement and establishes new future applicability dates for information blocking provisions.
- The interim final rule also adopts updated standards
and makes technical corrections and clarifications to the ONC Cures Act Final
Rule.
Today the U.S. Department of
Health and Human Services’
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