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Payers| Payer Industry Impact for Patients, Clinicians, and Healthcare Organizations | News, Analysis, Insights - HIT Consultant

Dysfunctional Patient Billing Major Distraction for Patients & Clinicians

by Fred Pennic 08/29/2019 Leave a Comment

Revenue Integrity Dysfunctional Patient Billing Major Distraction for Patients & Clinicians 6 Metrics to Improve Hospital Revenue Cycle ROI_revenue cycle makret

Dysfunctional patient billing is a major distraction for both patients and clinicians, according to recent research conducted by HIMSS in partnership with OODA Health. The research report reveals patients are distracted by bills and payment concerns resulting in a lower level of compliance and adherence to medical plans. Clinicians are distracted by clerical/financial tasks that limit time with or take time away from patients. This research complicates the simple construct of patient billing as
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Top 5 Factors Impacting the US Population Health Management Market

by Michael Liberty, Sr. Market Analyst at Signify Research 08/29/2019 Leave a Comment

Top Five Factors Impacting the US Population Health Management Market

The North American Population Health Management (PHM) reached the $4 billion milestone for the first time in 2018, despite growth slowing for the second consecutive year. With the US provider market consolidating and vertical integration increasing, vendors are having to adapt their offerings to keep up with changing needs. Here is our take on the five trends that will impact market growth over the coming years: 1 – A Market Still Maturing As the market has evolved, providers are taking
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Innovaccer Unveils Referral Management Solution to Reduce Network Leakage

by Fred Pennic 08/28/2019 Leave a Comment

Innovaccer Unveils Referral Management Solution to Reduce Network Leakage

 Innovaccer Inc., a San Francisco-based healthcare data activation company, today announced the launch of their Referral Management solution. The solution is aimed at assisting healthcare organizations to manage all referrals in one place to minimize network leakage and improve health outcomes.Hospitals Still Lack Defined Communication ChannelsEven after years of investing in value-based care, healthcare still lacks defined communication channels to connect providers and patients. Organizations
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PeerWell Lands $6.5M to Commercialize its Worker’s Comp Musculoskeletal Surgery Optimization Platform

by Fred Pennic 08/27/2019 Leave a Comment

PeerWell Announces $6.5 Million in Series A Funding to Rollout Musculoskeletal Surgery Optimization Platform

Today PeerWell, a San Francisco, CA-based PreHab company helping patients prepare physically and mentally for orthopedic surgery and recover faster has raised $6.5M in Series A funding led by OMERS Ventures with participation from investors Emmett Shear (Co-Founder CEO of Twitch) and Travis May (CEO of Datavant). Existing investors include XSeed Capital and angel investors Auren Hoffman (CEO SafeGraph, Co-founder of LiveRamp), Kevin Lin (COO of Twitch), Michael Seibel (CEO of Y Combinator),
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Report: Precision Medicine Is Impossible Without AI and Machine Learning

by Jasmine Pennic 08/27/2019 Leave a Comment

Report: Precision Medicine Is Impossible Without AI and Machine Learning

Artificial intelligence (AI) and machine learning are driving a great deal of the healthcare innovation in precision medicine, according to a new Chilmark Research report. The report reveals achieving the full potential of precision medicine is impossible to realize without applying AI and machine learning. Specifically, leveraging advanced machine learning and deep learning technology can rapidly analyze large datasets that outperform clinicians and researchers.  Precision Medicine: Making
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Healthcare Virtual Assistant Market to Reach $1.76B by 2025

by Jasmine Pennic 08/23/2019 Leave a Comment

Clinical Operations Makes Highest Use of Artificial Intelligence, Tufts Study Finds

 The global healthcare virtual assistant market is expected to grow at a CAGR of 24.7% from 2018 to reach $1.76 billion by 2025, according to market research published by Meticulous Research.The emergence of Healthcare Virtual Assistant MarketVirtual assistants are AI and rule-based systems that interact with humans to perform various tasks. These assistants use cognitive technologies such as machine learning, natural language processing, and neural networks to enable interactive communications
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Why Real-Time Health Data Is a Requirement in Today’s Health System

by Sara Radkiewicz, Head of Product, CarePort Health 08/14/2019 Leave a Comment

Why Real-Time Health Data Is a Requirement in Today’s Healthcare Environment

Thanks to technological innovation in the industry and CMS’ push for interoperability, today there’s more patient health data being collected than ever before. The problem is that the data is either not easily accessible to providers or it’s claims based and therefore not timely. The lag time between the collection and sharing of health data makes it difficult, and in some cases impossible, for providers to get a complete picture of their patients’ health, to appropriately treat ongoing
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HLTH & ATA Partner Up to Highlight Telehealth Solutions, Virtual Care Adoption

by Fred Pennic 08/13/2019 Leave a Comment

HLTH Partners w/ ATA to Highlight Telehealth Solutions, Virtual Care Adoption

HLTH, the largest and most important conference for healthcare innovation announced a new partnership with ATA, the premier organization working to accelerate the adoption of telehealth, to showcase innovations in virtual care that will change the way care is ultimately delivered.Telehealth solutions include digital health, artificial intelligence (AI), virtual care, remote monitoring, and digital therapeutics (DTx), as well as 'store-and-forward' or asynchronous technologies that securely
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Rite Aid’s New CEO, CommonSpirit Health Appoints First Chief Information and Digital Officer, Geisinger’s Chief Nursing Exec, Other Health IT Appointments

by Fred Pennic 08/13/2019 Leave a Comment

Rite Aid CEO

Rite Aid Corporation appoints Heyward Donigan as Chief Executive Officer (CEO) and a member of the Board, effective immediately. John Standley will step down from his role as chief executive officer. Prior to joining Rite Aid, Donigan served as the president and chief executive officer of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best-fit healthcare providers. Since 2015, Donigan lead Sapphire Digital's strategy and
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Connecticut Launches State-Wide Hospital Quality Scorecard & Cost Estimator

by Jasmine Pennic 08/12/2019 Leave a Comment

Connecticut Launches State-Wide Hospital Quality Scorecard & Cost Estimator

The Connecticut Office of Health Strategy (OHS) has launched a state-wide online hospital quality scorecard and cost estimator solution called Healthcare CT to assist residents in making informed decisions concerning their healthcare among healthcare providers. The website has interactive tables and graphs that allow consumers to search, sort, and filter by entity, quality measure, health topic, and rating.  In addition, the solution promotes cost transparency in healthcare improves access to
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