Over the past decade, the Center for Medicare & Medicaid Services (CMS) has been steadily reshaping how U.S. healthcare is funded – shifting from a fee-for-service model to one that emphasizes value, outcomes, and efficiency. Starting with the Affordable Care Act in 2010 and accelerating with initiatives like the Medicare Access and CHIP Reauthorization Act (MACRA) in 2015, CMS introduced models such as the Merit-based Incentive Payment System (MIPS), the Accountable Care Organization (ACO)
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operating room
Digitizing and Streamlining Surgeon Preferences Improves Operational Efficiency and Patient Safety
In the dynamic world of healthcare, preference cards serve as crucial tools that capture a surgeon’s specific needs and preferences for each type of surgical procedure they perform. These cards typically outline the equipment, instruments, and supplies required for a particular procedure, providing a personalized roadmap for surgical teams to follow. By detailing these specifications, preference cards help streamline surgical planning, foster improved communication among the operating room (OR)
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Chiefy Raises $4.2M to Build a Culture of Trust in Surgery
What You Should Know:
- Chiefy, a NYC-based cloud platform that helps surgical teams seamlessly embed quality and communication best practices, today announced it has raised $4.2M in seed funding led by LionBird, with participation from Nina Capital and Emerge Ventures.
- The company plans to use the seed funding to accelerate and expand product development and customer acquisition.
Get Surgical Teams Aligned
Globally, over 300 million surgeries are performed each year, and
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Report: Razor Thin Hospital Margins Becoming The New Norm
What You Should Know:
- Hospital finances are beginning to stabilize as razor-thin margins become the new normal, according to the newest data from Kaufman Hall. The National Hospital Flash Report draws on data from more than 900 hospitals from Syntellis Performance Solutions.
- The latest National Hospital Flash Report shows that the high level of variance that plagued hospital margins over the past
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Metaverse Operating Room Simulates Surgery on Cleft Lip & Palate
What You Should Know:
- Smile Train and BioDigital launched the first-ever cleft surgery virtual reality (VR) platform experience at the IMSH Conference in Orlando, Florida.
- The platform utilizes a “metaverse operating room” to simulate surgery on cleft lip and palate, a common birth condition that occurs when a baby’s lip or mouth does not form properly during pregnancy. The condition can cause difficulty with breathing, eating and speaking. If left
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5 Things Every Smart Operating Room Should Prioritize – Surgery
The healthcare industry is in the middle of deep digital transformation across every aspect of the patient journey. Technology has always been important in healthcare, but COVID-19 has accelerated advancements, improving the way care is delivered. The pandemic also increased patient interest in being more involved in their healthcare decisions. And when patients are more involved, they are typically more satisfied with their experience and have better health outcomes. From remote patient
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M&A: LeanTaaS Acquires Hospital IQ, Combined Valuation Exceeds $1B
What You Should Know:
- LeanTaaS, Inc., a provider of AI-powered and SaaS-based capacity management and patient flow software for health systems, today announced it has acquired Hospital IQ, a provider of intelligent automation solutions for hospitals. The acquisition values the combined company at more than $1 billion in enterprise value and enables it to power intelligent operations across more than 180+ U.S. health systems. The financial terms of the acquisition were not disclosed.
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Inventory Management Systems Bolster Hospital Cost Savings Initiatives
For many hospitals and health systems, it’s been another challenging year. Increases in patient volume and modest revenue gains haven’t been enough to offset the impact of labor shortages and an inflation rate that reached a historic high in June. A recent Kaufman Hall report found most healthcare organizations had negative operating margins for the first half of 2022 due in large part to historically high expenses.
In the face of these ongoing operating losses, the industry has
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Protecting AI’s Boundless Potential in Healthcare
Artificial intelligence can do amazing things for patients, providers and the healthcare business — but only if the right cyber safeguards are in place.
For more than a decade, a cybercrime syndicate known as Evil Corp has tormented organizations around the world with malware and ransomware attacks. And now, it seems, the group has designs on healthcare companies.
“Evil Corp should be considered a significant threat to the U.S. health sector,” the Health Sector Cybersecurity
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RSNA: Couchbase on AWS Enables Arthrex to Improve Patient Outcomes with IoT Data
What You Should Know:
- Couchbase, Inc., the cloud database platform company, today announced that Arthrex, a global leader in minimally invasive surgical technology, selected Couchbase on Amazon Web Services (AWS) to improve patient outcomes.
- Embedded in the Arthrex Synergy product family, Couchbase is used in customer hospitals and operating rooms to manage the capture, sync and storage of patient data, surgical data and media metadata, including captured images and videos from Arthrex
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