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Hospital Sustainability Demands that Revenue Integrity Move Front and Center

by Vasilios Nassiopoulos, VP of Platform Strategy and Innovation, Hayes 11/23/2020 Leave a Comment

Hospital Sustainability Demands that Revenue Integrity Move Front and Center

Razor-thin operational margins coupled with substantial and ongoing losses related to COVID-19 are culminating in a perfect storm of bottom-line issues for U.S. hospitals and health systems. A study commissioned by the American Hospital Association (AHA) found that the median hospital margin overall was just 3.5% pre-pandemic, and projected margins will stay in the red for at least half of the nation’s hospitals for the remainder of 2020.  The reality is that an increase in
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Providence Combines 9 Investments & Acquisitions to Form Tegria

by Fred Pennic 10/12/2020 Leave a Comment

Providence Combines 9 Investments & Acquisitions to Form Tegria

What You Should Know: - Providence combines nine operating companies to form Tegria into a comprehensive suite of offerings for organizations across the health care sector -Tegria will focus on three key initiatives—healthcare consulting and technology services, revenue cycle management solutions and software technology and platforms. Providence, one of the nation's largest health systems announce the formation of Tegria, a new company designed to provide next-generation
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Revint Merges with Triage to Deliver Comprehensive Revenue Integrity

by Fred Pennic 09/14/2020 Leave a Comment

Revint Merges with Triage to Deliver Comprehensive Revenue Integrity

What You Should Know: - Revint, a leader in technology-enabled revenue integrity solutions for healthcare providers, announced they will be merging with Triage Consulting Group, one of the nation’s premier healthcare revenue integrity companies. - With this merger, Revint continues to invest in its technology and product solutions that recover revenue through a guaranteed ROI model that hospital systems can depend on. Revint Solutions, a leader in technology-enabled revenue integrity
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Radiology Partners Acquires MEDNAX Radiology Solutions for $885M

by Fred Pennic 09/14/2020 Leave a Comment

Radiology Partners Acquires MEDNAX Radiology Solutions for $885M

What You Should Know: - Radiology Partners acquires MEDNAX Radiology Solutions, a division of MEDNAX, Inc. for $885M in cash. - The acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale, and further elevate the role of radiologists within the healthcare field. Radiology Partners (RP),a radiology practice in the U.S., announced a definitive agreement to acquire MEDNAX Radiology Solutions, a division
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Cone Health to Merge with Sentara Healthcare Totaling $11B in Assets

by Fred Pennic 08/13/2020 Leave a Comment

Cone Health to Merge with Sentara Healthcare Totaling $11B in Assets

What You Should Know: - Cone Health has signed a letter of intent to merge with Norfolk, Virginia-based Sentara Healthcare for a combined $11B in assets. - The merger creates one large health system totaling of 17 hospitals – 11 Sentara hospitals in Virginia and one in Elizabeth City, N.C., and five Cone Health hospitals in the area surrounding Greensboro. Cone Health has signed a letter of intent to merge with Norfolk, Virginia-based Sentara Healthcare. The merger will
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Providence Acquires MEDITECH Consulting Firm Navin, Haffty & Associates

by Jasmine Pennic 08/13/2020 Leave a Comment

Providence Acquires MEDITECH Consulting Firm Navin, Haffty & Associates

What You Should Know: - Providence acquires MEDITECH Consulting Firm Navin, Haffy & Associates to combine with Engage IT Services to become a leading solutions and services provider for the healthcare industry. - The two firms are part of Providence Services Group (PSG),  a family of top-tier healthcare technology services firms, brought together by Providence Health System, as part of Providence's broader ongoing strategy to launch an independent solutions and
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Survey: Alternate Site Providers Report Expanded Adoption of Telehealth

by Jasmine Pennic 06/24/2020 Leave a Comment

Telemedicine_Virtual Visits Telehealth Bill Telehealth Market_Telehealth_Telemedicine_Mental Health Care Delivery_Virtual Care standards

What You Should Know: - Fifty-nine percent of alternate site providers have expanded their use of telehealth, according to recent findings from Premier Inc. - Alternate site providers – which include nursing homes and long-term care facilities account for 40 percent of COVID-19 deaths. - Premier’s survey was conducted from May 20-June 10, 2020, and sent to a representative portion of non-acute care providers in the Premier membership. Premier Inc., a healthcare improvement
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Premier & 15 Health Systems Acquires Minority Stake in PPE Company to Address Shortage from COVID-19

by Fred Pennic 05/27/2020 Leave a Comment

Premier & 15 Health Systems Acquire Minority Stake in PPE Company to Address Shortage from COVID-19

What You Should Know: - Premier and 15 of its members acquired a minority stake in Prestige Ameritech, the nation’s largest domestic producer of face masks, as well as other personal protective equipment (PPE) to address shortage due to COVID-19 pandemic. - The minority stake represents a long-term strategy to invest in or partner with PPE suppliers that source from multiple regions as well as domestic markets to help ensure that a greater proportion of healthcare products are
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BHE Partners with Premier for Access to All-Payer Database Including COVID-19 Data

by Fred Pennic 05/22/2020 Leave a Comment

BHE Partners with Premier for Access to All-Payer Database Including COVID-19 Data

What You Should Know: Boston Health Economics (BHE) inks partnership Premier Inc. to streamline data analytics and more quickly uncover strategies to improve patient care. Researchers and data scientists will have on-demand access to the all-payer database, including recent COVID-19 data, and the capability to complete analyses 85% faster and at higher quality than traditional custom programming. Boston Health Economics (BHE), a healthcare
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2020 MedTech Breakthrough Award Winners Announced

by Fred Pennic 05/21/2020 Leave a Comment

2020 MedTech Breakthrough Award Winners Announced

What You Should Know: - MedTech Breakthrough announces 2020 MedTech Breakthrough Award Winners that recognizes the top companies, people, platforms, and products in the health, fitness, and medical technology industries today. - The 2020 MedTech Breakthrough Awards program is open to all individuals, companies, and organizations involved in producing digital health and medical technology products and services.  MedTech Breakthrough, a market intelligence organization that recognizes
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