Although it is well established that diversity improves outcomes and drives excellence, implementing diversity lags behind in many industries, including life sciences and healthcare.
Diversity is lacking across the entire field, from academic research to clinical work, composition of the workforce, and medical practice. This leads to worse health outcomes and fewer professional opportunities for underserved demographics, such as racial and ethnic minorities, women, and people with
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Premier
Analysis: CMS Data Underestimates Hospital Labor Spending
What You Should Know:
- Centers for Medicare & Medicaid Services’ (CMS) payment adjustments did not adequately address hospitals increased costs for FY 2021, according to new data from Premier.
- The data reveals this discrepancy has resulted in hospitals receiving only a 2.4 percent rate increase, compared to a 6.5 percent increase in hospital labor rates, which account for 76 percent of hospital costs.
- The data CMS uses to account for real
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Is Empathy The Key to Healthcare Collections in 2022?
As we enter into the third year of the global health emergency, the impact on healthcare continues to evolve. With the ever-changing landscape, comes an opportunity to reflect, learn, and adapt to the times. Throughout the pandemic, COVID-19’s impact on hospital entities has not been specific to clinical care – it has rippled through the institution to every level, including revenue cycle management (RCM).
While RCM and collections once had a negative connotation, the pandemic has presented
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PE Firm Acquires Intelligent Medical Objects (IMO) for $1.5B+
What You Should Know:
- Thomas H. Lee Partners, a premier private equity firm investing in growth companies, announced today that it has entered into an agreement to acquire a majority interest in Intelligent Medical Objects, a healthcare data enablement company and market leader in clinical terminology solutions in a $1.5B + deal.
- Founded in 1994, IMO manages more than 5 million clinical terms and maps to all major coding systems. Its suite of software products, which is used by over
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Fresenius Health Partners, InterWell Health, and Cricket Health Announce $2.4B Merger
What You Should Know:
- Cricket Health is announcing today that it will merge with Fresenius Health Partners (the value-based care arm of Fresenius), and InterWell Health, to form the nation’s premier, value-based kidney care provider with a totally new model of addressing kidney disease. The new company will operate under the InterWell Health brand and is valued at $2.4B.
- Together, Fresenius Health Partners, InterWell Health, and Cricket Health will drive innovation and industry
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NeuroFlow Secures Deal with Aflac, Targets Growth in Employee Benefits Space
What You Should Know:
- This week, NeuroFlow announced a long-term deal with Aflac to provide the supplemental insurer's employers with the technology platform.
- NeuroFlow's app will be offered for self-care, providing tailored educational content, resources, and a 'Response Services' team if users are deemed at-risk.
Availability
The NeuroFlow solution is designed to help fill gaps that may exist in an employer’s behavioral health program by proactively detecting potential issues
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H1 Acquires London-Based Faculty Opinions to Broaden Global Doctor Network
What You Should Know:
H1, a global healthcare professional data ecosystem to enable life sciences, academic medical institutions, health systems, and payors acquires London-based Faculty Opinions Ltd, formerly known as Faculty of 1000 and F1000 Prime. Financial details of the acquisition were not disclosed.
- A close partner of H1, Faculty Opinions fuses the comments and opinions of thousands of top researchers in the Life and Medical Sciences to highlight and validate the most
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Grand Rounds Merges with Doctor on Demand to Create New Virtual Care Company
What You Should Know:
- Grand Rounds, a leader in healthcare quality and clinical navigation, and Doctor on Demand, the nation’s leading virtual care provider, announced their merger agreement, creating a first-of-its-kind integrated virtual care company.
- These two premier platforms will offer a patient and provider experience unmatched elsewhere, providing a full suite of digital and interactive solutions to help people address the $300 billion problem of uncoordinated care in the
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Freespira Secures $10M for FDA-Cleared Digital Therapeutic to Eliminate Panic Attacks, PTSD Symptoms
What You Should Know:
- Lightspeed Venture Partners, the VC behind Nest and GrubHub, is leading a $10 million round for Freespira, an FDA-cleared digital therapeutic proven to significantly reduce or eliminate panic attacks and PTSD symptoms by training users to normalize respiratory irregularities.
- In 28 days, Freespira can reduce or eliminate panic
attacks and PTSD symptoms from home with just a tablet, sensor, and custom app.
There’s no medicine with possible side effects and no need
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience.
The Cleveland Clinic and Amwell joint venture appoint
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