Intermountain Healthcare has formed a new comprehensive health platform company named Castell that will enable other organizations to accelerate their transition from volume to value-based systems of care, while keeping care more affordable and accessible. Rajesh Shrestha has been named as the president and CEO of Castell. In addition to leading Castell, Shrestha serves as vice president and chief operating officer of Community Based Care for Intermountain Healthcare. He has more than two
Read More
risk
Why Coworking Spaces Are Essential for Medical Practices
Collaborative work environments remain one of the biggest trends in office space. These coworking spaces have proven to improve the happiness, productiveness, and well-being of employees. However, the use of coworking spaces remains greatly underdeveloped in a medical industry that has seen private practice rates plummet in recent years.
For many physicians, having a private practice is the optimal professional scenario. And yet, private practices are in steep decline. In 2016, less than half of
Read More
Why Clinician Burnout Is A Public Health Crisis Demanding Urgent Action
Clinician burnout is a public crisis that demands urgent action, according to a new Spok survey on the prevalence of clinician burnout. In April 2019, Spok asked 474 clinical staff members at hospitals and health systems across the U.S. their insights on clinician burnout. The survey reveals 92% of clinicians called burnout “a public health crisis,” yet many report their organizations are not implementing recommended strategies to address it.Understand The Impact of Clinician BurnoutBurnout is
Read More
ACO Investment Model Reduced CMS Expenditures by $48M
The Accountable Care Organization (ACO) Investment Model (AIM) saved the Centers for Medicare & Medicaid Services (CMS) more than $48M in its first year while promoting improved health care in rural and underserved areas, according to a new study from Abt Associates.The new study reveals that after accounting for the $82.4 million provided to ACOs, AIM reduced CMS expenditures by $48.6 million. Decreases in the number of hospitalizations and use of institutional post-acute care contributed
Read More
Geisinger Selects EarlySign to Apply AI Algorithms to Identify Patients At Risk of Lower GI Disorders
Geisinger Health System announced it is partnering with machine learning solution provider EarlySign to develop AI-based solutions to identify individuals at risk of a range of chronic and high-burden diseases. The multi-year agreement will begin by deploying EarlySign’s LGI Flag through Geisinger’s Steele Institute for Health Innovation – to identify patients at risk of lower gastrointestinal conditions – including colorectal cancer and precancerous adenomas. This partnership follows the
Read More
How Medicare Advantage Plans Reduced Their Disenrollment Rates by 30% Through Welltok
The average Medicare Advantage plan turns over about 10% of its members every year, and for a 100,000 member plan, that can equate to about $110 million in lost premium reimbursements as well as a decline in Star ratings. This is why retaining members is a top priority among health plans. Welltok’s Medicare Retention Solution has helped leading Medicare plans reduce disenrollment rates by up to 30%, improve disenrollment-related Star ratings from 2.5 to 4 and retain up to $97 million
Read More
Rimidi Adds Aggregated Cardiovascular Disease EHR Data to Platform
Across the United States, cardiovascular disease (CVD) continues to threaten populations. It’s the leading cause of death, with nearly half of all U.S. adults suffering from some form of CVD. Rimidi, a cloud-based software platform that enables personalized management of chronic cardiometabolic conditions across the population has expanded its cloud-based platform to include a view for CVD. Working within the electronic health record (EHR) workflow, clinicians can seamlessly navigate between the
Read More
6 Considerations For Creating A Robust Healthcare Data Analytics Program
Healthcare organizations are increasingly turning to data analytics to solve their toughest business challenges. As information becomes less siloed, and technology systems do a better job of both generating and sharing data, organizations are seeing the need to more precisely identify patterns to predict patient needs, anticipate resources and improve processes. There is now as much emphasis on making the data work as there was on collecting data, so it can affect change.
Unfortunately,
Read More
Innovaccer Launches Data Solution to Enable ACOs’ Seamless Transition to Value-Based Care
A survey suggests that 71% of accountable care organizations would rather quit the Medicare Shared Savings Program than assume down risks. Although ACOs are leading the transition from volume-based care to value-based care, a lot of them face the lack of confidence in meeting the quality and cost benchmarks. When ACOs don’t have adequate knowledge and control over the network, earning shared savings can be quite challenging. Data from disparate sources such as EHRs, payer claims, PMS and HIEs
Read More
Can AI Transform Patient Care from Reactive Craft to Strategic Art?
Personalized Analytics is becoming essential in healthcare, stemming from the movement from fee-for-service to a value-based market. The need to preempt and prevent disease on a more personal level, rather than merely reacting to symptoms, has created a significant opportunity for machine learning-based applications. This “analytics of one” approach (using advanced mathematical models and artificial intelligence techniques) is already impacting several key areas:
1. Medical imaging is utilizing
Read More
