Traditionally, providers and health systems have relied on claims-based risk models, such as the CMS-HCC, ACG, and DxCG, which were built to forecast the risk of populations, but not at an individual level. While these models give a fairly good estimation of the risk of the population, they exhibit unsatisfactory estimation if used to predict the risk at an individual level.Innovaccer Inc., a healthcare data activation company, has taken a major step towards revolutionizing the way we identify
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Analysis: Philips’ Evolution to a Pure-play Healthcare Technology Vendor
The last two-to-three years we have seen Philips complete its transformation into a pure-play healthcare technology vendor. It has reduced its interest in its remaining non-healthcare business Philips Lighting/Signify (now owning only a 16.5% share), made 16 healthcare technology acquisitions since the start of 2017 and organized its internal business units into three core healthcare technology segments, Personal Health, Diagnosis & Treatment and Connected Care. A few weeks ago, several of
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AMA Grants New CPT Code for KidneyIntelX to Support Medicare & Reimbursement
The American Medical Association (AMA) has granted a CPT® Proprietary Laboratory Analyses (PLA) Code for Renayltix AI’s lead product, KidneyIntelX. The new code, 0105U, has been approved and published by the AMA CPT Editorial Panel, and is scheduled to become effective on October 1, 2019.Medicare Price for New CPT CodeA payment rate for the new code will be established for Medicare patients through the 2019 Clinical Lab Fee Schedule (CLFS) Annual Public Meeting process. Renayltix AI will shortly
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How Can Providers Support Meaningful Price Transparency to Address Consumerism in Healthcare?
The word “consumerism” and its derivatives have been tossed around the broader healthcare industry for the greater part of a decade. How we define consumerism and look at consumer behavior in relation to our institutions, systems, and programs seems key to unlocking the door to better outcomes and higher margins. However, in a landscape with more disruption than ever—greater vertical integration, technology, and regulation—we still lack the answer to these fundamental questions: What do patients
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FDA Recalls Medtronic MiniMed Insulin Pumps for Potential Cybersecurity Risks
The U.S. Food and Drug Administration (FDA) is recalling certain Medtronic MiniMed insulin pumps due to potential cybersecurity risks and recommends that patients using these models switch their insulin pump to models that are better equipped to protect against these potential risks. To date, the FDA is not aware of any confirmed reports of patient harm related to these potential cybersecurity risks.Medtronic's MiniMed Insulin PumpsThe FDA is concerned that, due to cybersecurity vulnerabilities
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NewYork-Presbyterian Launches $50M Hauser Institute for Health Innovation
NewYork-Presbyterian has announced the launch of The Hauser Institute for Health Innovation, in recognition of the visionary philanthropy of Rita E. Hauser and Gustave M. Hauser. The Hausers have given more than $50 million to NewYork-Presbyterian in support of the Hospital’s innovation programs in health information technology and telemedicine since 2011.Hausers’ Philanthropy Led to Creation of NYB OnDemandThe Hausers’ previous philanthropy efforts led to the creation of NYP OnDemand,
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Healthcare’s Uncertain Future: 3 Data-Driven Approaches for Payers
Nine out of 10 healthcare leaders expect disruptive pressures to increase tremendously in the year ahead, according to a recent survey. However, fewer than half believe their organizations are prepared to withstand these forces.
In an era of transformation—in which traditional business models are continually being revamped in response to pressures such as consumerism, policy changes, and the market entrance of non-traditional healthcare players such as Amazon and Apple—payers face daunting
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Prognos, Datavant Partner to Use Health Data Ecosystem to Enhance AI Analytics for Customers
Prognos, an AI-powered analytics for early tracking and prediction of disease, today announced that it will partner with Datavant, the company helping healthcare organizations safely connect their data. Prognos will be able to harness Datavant's comprehensive ecosystem in delivering analytics solutions, expanding the data that customers can readily access to better inform clinical decisions, identify risk, enhance care quality, and improve patient outcomes.In order to determine and predict
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Blue Shield of California Launches Digital Therapeutics Platform At No Cost to Members
Blue Shield of California is launching a new digital therapeutics platform that will provide programs to eligible members at no cost to them. Powered by Solera Health, the new Wellvolution platform provides curated, scientific and results-based digital programs that can be personalized to each of its members' individual health needs and preferences. The program is available at no cost to members enrolled in Blue Shield's fully insured employer-sponsored plans or it's Individual and Family
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Amp Recover CEO Talks The Current State of Digital Health Adoption in Orthopedics, PT, Sports Med
David Nichols is the CEO is of AMP Recover, a health intelligence platform that empowers healthcare organizations with actionable data to improve the patient experience, produce successful outcomes and achieve their business goals. This transition from current workflows to a modern, data-driven approach does not happen overnight. The Atlanta, GA-based company works with providers focused on Injury Prevention, Physical Therapy and Sport, Performance and have developed a sequence of digital
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