What You Should Know:
- Boston-based digital therapeutics startup Biofourmis acquires LA-based Gaido Health from Takeda Pharmaceuticals, in a strategic deal that expands Biofourmis’ portfolio in the oncology space.
- Gaido Health—a digital therapeutics company focused on the oncology market—was part of Takeda Digital Ventures, Takeda’s corporate technology investment and incubation arm.
- With Gaido Health’s and Biofourmis’ dual focus on remote monitoring with wearables
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Patient Satisfaction Impact on Healthcare | News, Analysis, Insights - HIT Consultant
Deploying a Telehealth Strategy to Mitigate the Impact of the COVID-19 Pandemic
Dr. Betty Rabinowitz, Chief Medical Officer of NextGen Healthcare
Only weeks ago, American doctors’ waiting rooms were bustling with patients of all ages. This was no surprise as it is estimated that in an average year the U.S. healthcare system provided an estimated 278 office-based physician visits per 100 persons, for a total of approximately 883 million visits per year. Chronic conditions were the major reason for 37% of all office-based physician visits, and visits for chronic
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Hong Kong’s Dept. of Health Taps Biofourmis’ Remote Monitoring Platform to Fight Coronavirus
What You Need to Know:
- Boston-based Biofourmis’ AI-powered digital therapeutics technology has inked a deal with The University of Hong Kong and Hong Kong’s Department of Health to leverage its wearable, AI-powered remote monitoring platform to provide new insights to fight COVID-19 in a national disease monitoring program.
- Biofourmis’ technology will remotely monitor coronavirus infected and suspected patients and apply personally predictive analytics to help patients and increase
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TransUnion, VisitPay to Provide End-to-End Patient Payment Experience
- TransUnion and VisitPay announce a partnership that aims to improve the patient experience while maximizing revenue for healthcare providers.
- Together, TransUnion Healthcare and VisitPay will improve the patient's financial journey by providing an end-to-end patient payment experience, linking estimation with back-end billing and creating a data-driven feedback loop for providers.
TransUnion announced a partnership with VisitPay, an online patient financial engagement, and
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Waystar Launches AI/RPA Platform to Automate Revenue Cycle Processes
- Waystar Launches Hubble, an artificial intelligence and automation platform, Hubble that automates revenue cycle processes to help providers collect payment faster and more effectively.
- The platform uses AI to help providers fix outdated and inefficient billing processes -- helping hospitals that are struggling financially, as well as helping patients avoid issues like surprise medical bills, by improving accuracy and price transparency.
Waystar, a Chicago, IL-based provider of
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Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion
- Patient financial engagement startup MedPilot raises $1.5M in funding to fuel its next stage of growth, bringing its total to date to $3.6M.
- MedPilot’s patient financial relationship platform transforms patient billing through customized outreach tailored to people's preferences.
MedPilot, a
Cleveland, OH-based patient financial engagement company announced it has
raised $1.5M in funding led by JumpStart, TurnCap, Northcoast Fund, Wavemaker
Three-Sixty Health, Valley Growth
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Report: Digital Health Tools Fail to Keep Up with Patients’ Expectations
- New research report from the Center for Connected Medicine (CCM) finds that health system apps and other digital health tools for patients are not providing the best consumer patient experience.
- CCM partnered with HIMSS Media to conduct a survey of 136 qualified professionals at U.S. hospitals and health systems in September 2019.
- The report reveals that fewer than 1 in 3 respondents believe their organization is providing a best-in-class digital experience for patients. The result
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3 Ways Healthcare IT Depts Can Start Prepping for “Medicare For All”
Mark Ferlatte is CTO of Truss
Once a long-shot, the idea of universal healthcare in the U.S. is inching closer to reality, particularly as many 2020 candidates promise an expedient implementation of a national federally-run program (or some version of it). Nearly half of doctors support a “Medicare for all” model, and while this won’t change the practice of medicine, it will greatly affect how those providers use technology to run their businesses.
This is particularly true for small- and
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R1 Expands Physician Practice Footprint with District Medical Group
- R1 recently announced an expansion of their revenue cycle management services to the medical group market; it has announced that District Medical Group (DMG) is the first partner in this new offering.- R1 was selected to improve the financial performance, support significant growth and navigate complex payment models, allowing DMG to focus on providing top-quality care to patients while making their organization more nimble, transparent and profitable both in the short and long-term.R1 RCM
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A Matter of Trust: 3 Tips for Outsourcing Out-of-Pocket Support
Sue Czubala, Chief Client Success Officer, AccessOne
The cost of family health coverage topped $20,000 this year—as much as an economy car. As consumers shoulder higher out-of-pocket costs than ever, health systems are bracing for the impact.
A recent survey found that while 81 percent of healthcare leaders say rising consumer responsibility will affect revenue, leaders of larger organizations are even more concerned about the toll on finances:
- 33 percent of health system executives
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