JPMorgan Chase & Co., today announced its plan to acquire InstaMed, a Philadelphia-based healthcare payment network provider connecting providers, payers, and consumers on one platform. The acquisition will expand the bank's suite of payment services designed specifically for healthcare consumers, providers, and payers.Why InstaMed?U.S. healthcare spending is over $3 trillion and is challenged by significant transaction friction and inefficiency. Legacy approaches to bill pay, claims
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Premier
Pfizer, McKesson, Others Join MediLedger’s Blockchain Project Working Group
Leading life sciences and healthcare companies Pfizer Inc., McKesson Corporation, AmerisourceBergen Corporation, and Premier Inc. have joined the MediLedger Project Contracting and Chargebacks working group, a second working group running in parallel to the ongoing DSCSA working group started in 2017. MediLedger is an initiative of Chronicled, Inc., a San Francisco-based technology company, that builds blockchain-powered ecosystems and supply chain solutions.Network VisionMediLedger uses
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KLAS: State of Cloud-based ERP Vendor Performance in Healthcare
In the traditionally stagnant market of ERP (HR, finance, and/or supply chain) in healthcare, aging on-premises solutions are giving way to several cloud options now on the table. Given the significant lift required to move to a new ERP system, many healthcare organizations contemplating the cloud are taking the opportunity to consider all vendors, not just their incumbent, according to a new report from KLAS Research.In the report, “ERP 2019: Performance in the Cloud,” KLAS interviewed several
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Epic, Impact Advisors and Premier Named 2019 Overall Best in KLAS
Epic was named the top Overall Software Suite for the ninth consecutive year in the newly released Best in KLAS2019 Software & Services report. In addition to the overall software suite award, Epic was named the top Overall Physician Practice Vendor, won Best in KLASawards in nine segments, and won Category Leader awards in two segments. Understanding Best in KLAS Best in KLAS is based on information obtained from the 2,500 interviews KLAS conducts with providers and payers each
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Former ONC Chief Karen DeSalvo Joins LRVHealth as Executive Advisor
Former ONC Chief and Assistant Secretary at HHS joins “Inside Healthcare” investing platform focused on identifying and nurturing digital health innovation. Dr. Karen DeSalvo, who served as National Coordinator for Health Information Technology and Assistant Secretary for Health (Acting) during the Obama administration is joining LRVHealth as an executive advisor. LRVHealth is an early-stage venture platform exclusively focused on finding, investing in and building disruptive new digital health,
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Premier Launches Physician Enterprise Collaborative to Identify Margin Improvements for Medical Groups
Premier Inc., a healthcare improvement company, is launching a new performance improvement collaborative to help health systems navigate the integration and alignment of employed and affiliated medical groups while optimizing overall practice performance. The Physician Enterprise Collaborative seeks to help medical groups identify margin improvements equivalent to 5 to 7 percent of professional net patient revenue (cash collections of billing activity).Officially beginning in June 2018,
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Bloodbuy Lands $3.75M to Connect Hospitals, Blood Centers Nationwide
Bloodbuy, a health tech company that operates a cloud-based platform connecting hospitals and blood centers nationwide has raised $3.75M in strategic funding round led by Premier Supply Chain Improvement, Inc., an affiliate of Premier, Inc. and St. Joseph Health. The Dallas, TX-based company will utilize the capital to accelerate its integrated network of hospitals and blood centers. As part of the funding deal, Durral Gilbert, President of Premier Supply Chain Improvement, and Nita Stith, Vice
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KLAS Rates Deloitte Top Firm for ACO Strategy & Readiness
According to a recent KLAS report, Deloitte has been rated the top firm for ACO strategy development and readiness assessment. The report, ACO Advisory Services 2014: Navigating the Unchartered Territory of Accountable Care, evaluates seven firms based on interviews with 41 health care organizations working to implement value-based care models against three categories:
– strategy development
- readiness assessment
-implementation
Key Highlights
The KLAS report gave Deloitte
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