What You Should Know:
- Each year, the US healthcare industry spends $39 billion on 9 administrative transactions, according to a new report from CAQH.
- The 2020 CAQH Index also uncovered that by automating these transactions, the industry could save $16.3 billion annually--a 42% cost reduction.
CAQH, released the eighth annual report measuring the progress made by healthcare payers and providers in automating administrative transactions. The 2020 CAQH Index found that, of
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
HealthTensor Secures $5M to Scale AI-Powered Medical Diagnosis Platform
What You Should Know:
- HealthTensor, an LA-based startup that uses AI to ensure no medical diagnoses are overlooked, has raised $5 million to scale operations.
- To date, HealthTensor has helped physicians write more than 2,000 notes and has identified overlooked medical conditions in 95% of cases.
HealthTensor, an LA-based artificial intelligence digital health startup that is creating software to help augment medical decision making, announced today that it has raised a $5 million
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How Automation is Key to the Future of Healthcare Operations
As the saying goes, necessity is the mother of invention. A similar correlation is seen in the quest to leverage innovation and out-of-the-box thinking to address key problems facing the healthcare industry. The ongoing COVID-19 pandemic has brought the immense pressure the U.S. healthcare system is under into sharp focus. Recent dynamics are compounded by the industry’s efforts to adopt newer ways of working and digitizing patient records, while implementing automation throughout their business
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Medsphere Acquires Healthcare Relationship Management Platform Marketware
What You Should Know:
- Medsphere, a provider of affordable clinical IT systems and support services announced it has acqauired healthcare relationship management and analytics company Marketware.
Medsphere Systems Corporation
today announced the acquisition
of Marketware, Inc., a leading
developer of robust software tools focused on managing healthcare relationships
and analyzing a wide variety of data to augment existing competitive advantage.
The Marketware suite supports hospitals
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Intelligent Automation of the Revenue Cycle: How an Integrated Platform Approach Yields Financial Results
Healthcare provider networks are experiencing enormous pressure to manage financial margins and invest in contactless patient experiences. With overall financial losses projected to exceed $323 billion as a result of COVID-19, a projected $200 billion in administrative waste due to revenue cycle inefficiencies, and increasing pressure to meet digital consumerism demands, it is essential for health systems to find ways to streamline processes, maximize their revenue cycles and cut costs. These
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4 Quick Tips for Getting COVID-19 Claims Paid Promptly
As the COVID-19 pandemic has gripped the world, many providers have adopted an all-hands-on-deck approach and mentality for treating COVID-19 patients, stretching their resources to the breaking point.
We have heard about the frontline heroes who have sacrificed their own health and safety to treat patients and, in less-fortunate scenarios, comfort patients in their last moments as they were quarantined from loved ones.
What has been less recognized is the work and sacrifice
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UnitedHealth Group Acquires Change Healthcare to Combine with OptumInsight for $13B
What You Should Know:
- UnitedHealth Group has reached an agreement to acquire
Change Healthcare in a deal valued at more than $13 billion, marking the first
major acquisition of 2021.
- Change Healthcare will be combined with OptumInsight to
advance a more modern, information, and technology-enabled healthcare platform.
UnitedHealth Group’s
has reached an agreement to acquire
healthcare technology leader Change
Healthcare for more than $13B. As part of the acquisition,
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2020’s Top 20 Digital Health M&A Deals Totaled $50B
Teladoc Health and Livongo Merge
The combination of Teladoc Health and Livongo creates a
global leader in consumer-centered virtual care. The combined company is
positioned to execute quantified opportunities to drive revenue synergies of
$100 million by the end of the second year following the close, reaching $500
million on a run-rate basis by 2025.
Price: $18.5B in value based on each share of Livongo
will be exchanged for 0.5920x shares of Teladoc Health plus cash consideration
of
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Gleaning Insights for COVID-19: Why Claims and Clinical Data Matter
Healthcare organizations continue to rely heavily on data analytics to try to improve COVID-19 outcomes and public health. Since the novel coronavirus became widespread in the U.S., healthcare data scientists have leveraged clinical and claims data to pinpoint which underlying conditions put patients at higher risk of complications from COVID-19. Health systems are mining clinical data to predict surges in COVID-19 cases and looking at key factors—including increases in hospital website traffic,
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COVID-19: How Hospitals Can Create Better Inpatient Bed Capacity through Math
Since the beginning of the COVID-19 pandemic, key elements of hospital operations such as managing inpatient bed capacity, and access to ventilators and PPE have taken center stage. The general public got a crash course on what hospitals need in order to function successfully when disaster hits, and daily news and discussions were centered around ICU bed capacity as cases accelerated across the country.
The nightmarish predictions and reality led to the development of creative measures to
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