Industry experts state that orphan drugs will be a major trend to watch in the years ahead, accounting for almost 40% of the Food and Drug Administration approvals this year. This market has become more competitive in the past few years, increasing the potential for reduced costs and broader patient accessibility. Currently, these products are often expensive because they target specific conditions and cost on average $147,000 or more per year, making commercialization
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Patient Experience| How Digital Health Solutions is Transforming the Patient Experience | |News, Analysis, Insights - HIT Consultant
M&A: EverCommerce Acquires Healthcare Communication Platform Updox
What You Should Know:
- Service commerce platform EverCommerce acquires Dublin,
OH-based Updox, a healthcare communication platform for in-person and virtual
care.
- The acquisition
expands EverCommerce’s health services portfolio and enables the companies to
further their shared goal of simplifying the business of healthcare and
facilitating the growth of healthcare practices.
Today, EverCommerce, a leading service commerce platform, completed the acquisition of Updox, a
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M&A: Cedar Gate Acquires Deerwalk to Enhance Value-Based Care Analytics
What You Should Know:
- Cedar Gate acquires Deerwalk, an innovative population
health management, data management, and healthcare analytics software company
based in Lexington, Massachusetts.
- By acquiring Deerwalk, Cedar Gate expands its
employer-based offerings with the ability to actively engage employers and ASOs
as they manage rising healthcare costs. The combined suite of offerings
improves the patient experience and delivers financial sustainability.
Cedar Gate Technologies
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LeanTaaS Secures $130M for ML Platform to Help Hospitals Achieve Operational Excellence
What You Should Know:
- LeanTaaS
raises $130 million in Series D Funding to strengthen its machine learning platform
to continue helping hospitals achieve operational excellence during a time
where they are facing mounting financial pressures due to COVID-19.
- LeanTaaS provides software solutions that combine lean
principles, predictive analytics, and machine learning to transform hospital
and infusion center operations to improve operational efficiencies, increase
access, and
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5 Steps for Interoperability Excellence for Healthcare Providers
As if 2020 couldn’t be any more challenging for healthcare providers, new federal rules on interoperability and patient access, granting patients direct access to their healthcare data, begin taking effect in 2021 and will continue into 2022. These rules, while ultimately beneficial to patients, bring an additional level of operational complexity to many revenue-stressed healthcare organizations.
If anything, the 2020 pandemic has illustrated the vast potential of interoperability. For
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4 Actions to Elevate the Patient Experience and Spark Growth
What You Should Know:
- According to a new report from Accenture, 2 out of 3 patients are likely to switch to a new healthcare provider if their expectations for managing COVID-19 are not met, including sanitary and safety protocols, access to up-to-date information, and the availability of virtual care options.
- Accenture identified four ways to improve the patient experience, and therefore your path to recovery, during, and after the pandemic.
The COVID-19 pandemic forced
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M&A: Olive Acquires AI Prior Authorization Company Verata Health
What You Should Know:
- On the heels of $225.5 million dollars in funding and a
$1.5B valuation this week, Olive today announced its acquisition of Verata
Health to create a combined AI prior authorization solution for providers and
payers under the Olive name.
- Prior authorization is a $31 billion dollar issue in
healthcare, and one of the top reasons patient care is delayed. Olive is now
able to reduce write-offs by over 40% and cut turnaround times for prior
authorizations by up to
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Brigham, Biofourmis Co-Develops Tech Solution to Enable Home Hospital Care
What You Should Know:
- Brigham is working with Biofourmis on a national
rollout of their co-developed technology solution, which has been refined and
scaled for use by other healthcare systems across the country seeking to
establish and execute similar home hospital programs to alleviate COVID-related
capacity issues and to receive 1:1 parity on payments from CMS.
- The Hospital@HomeTM platform provides a turnkey,
end-to-end ecosystem for any health system that wants to quickly launch
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Providence Taps Nuance to Develop AI-Powered Integrated Clinical Intelligence
What You Should Know:
- Nuance Communications, Inc. and one of the country’s
largest health systems, Providence, announced a strategic collaboration,
supported by Microsoft, dedicated to creating better patient experiences and ease
clinician burden.
- The collaboration centers around Providence harnessing
Nuance’s AI-powered solutions to securely and automatically capture
patient-clinician conversations.
- As part of the expanded partnership, Nuance and
Providence will jointly
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ASN, HHS Launches KidneyX COVID-19 Kidney Care Challenge
What You
Should Know:
- The HHS and the American Society of Nephrology announces the launch of the COVID-19 Kidney Care Challenge.
- The $300k
challenge aims to identify and share these frontline solutions so all
communities can benefit. Winners will receive $20,000 each in recognition of
their solutions.
The U.S. Department of Health and Human Services (HHS)
and the American Society of Nephrology (ASN) launched the KidneyX COVID-19 Kidney
Care Challenge . The $300,000
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