The game is changing faster than ever as more payer contracts and regulatory programs adopt risk-based models. To be successful, payer and provider organizations know they must increase quality scores and revenue while reducing avoidable medical costs. Yet, the providers who are critical to that success are burned out. According to a recent survey, nearly one-third of providers say their biggest frustration is constant “busy work,” such as electronic health record (EHR) data entry and prior
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Siemens
AI vs. Humans: AI Solution Beats Stanford Radiologists in Chest X-ray Diagnostics Competition
JF Healthcare, a Nanchang, China-based medical diagnostic startup is the first organization in the world to beat Stanford University radiologists in a competition designed by the Stanford Machine Learning group to compare the capability of artificial intelligence (AI) to human experts in interpreting chest x-rays.Standard Chest X-ray Diagnostic Competition ResultsThe AI team from JF Healthcare recently achieved an average AUC score (a measure of diagnostic accuracy) of 0.926 and is currently
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Analysis: Cerner, Epic, Allscripts and MEDITECH’s International EHR Endeavours
In this insight, we assess how the top US acute EHR vendors, namely Epic, Cerner, Allscripts and MEDITECH (+85% share of US acute market in terms of revenues), have progressed specifically on the third point, international expansion.The below figure shows that there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $600M in 2018, representing 12% of its business. Whilst MEDITECH has much
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3 Takeaways From The 2019 HIMSS & Health 2.0 European Conference
The HIMSS & Health 2.0 European Conference attracted over 2,600 delegates from 64 countries to Helsinki in June 2019. While there was a strong focus on healthcare in the Nordics, the conference brought with it a wide variety of vendors from across the globe all looking for new opportunities on the show floor. Our key takeaway – the goal to change mindsets in Europe towards how healthcare can be improved through the use of technology. We look at a few examples below, namely:- Developing
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Siemens Healthineers, UM System, MU Health Care Forms $133M Alliance for Precision Health
University Hospital with the Staff for Life Helicopter at dusk.[/caption]Siemens Healthineers and the University of Missouri System (UM System), including all four universities, and University of Missouri Health Care (MU Health Care), has established the Alliance for Precision Health that will leverage their joint expertise to transform healthcare delivery, promote education in the fields of technology and engineering, and develop groundbreaking research initiatives.As part of the alliance,
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Analysis: Examining The Highly Fragmented International EHR Market
The EMEA market for EMR/EHR IT is estimated to have been worth $3.7B in 2018 (both acute and ambulatory applications) according to Signify Research’s recently published market report on the global EMR/EHR market. However, only one vendor, Cerner, is estimated to have had a double-digit revenue share. Despite its recent announcement that it will potentially sell its Hospital IT and Integrated Care business, Agfa Health was the only other vendor to come close. In terms of suppliers, the market is
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Healthcare M&A: Agfa to Consider Selling Health IT & Integrated Care Business
Last week Agfa announced its Board of Directors would investigate the sale of part of Agfa HealthCare, specifically, the business tied to its EMR and integrated care offerings. The facts are:· In March 2019, Agfa initially stated that it would further extend the independence of Agfa HealthCare.· It has now expanded on what this could potentially look like, stating it will explore selling is Hospital IT and Integrated Care solutions.· In terms of its reportable business this is largely the
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Analysis: How Digital Health Solutions Are Disrupting Care Delivery in Hospitals
Rainer Herzog, Vice President at Research2GuidanceNew stakeholders are entering the hospital arena, contesting the hospitals’ traditional role and freedom to provide care to the community. The newcomers’ focus is on digital care delivery processes and on a digitally enabled patient experience. Hospitals will have to start now to prepare their organizations for the coming change. Creating digital partner ecosystems is one prominent way to approach this task. Hospital stays can be frightening,
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IBM Watson Health, Siemens Healthineers Form 5-Year Population Health Alliance
Siemens Healthineers and IBM Watson Health has announced a 5-year Population Health Management alliance to help providers deliver value-based healthcare worldwide. As part of the alliance, IBM and Siemens will work together to jointly develop and deploy new PHM offerings leveraging each company's expertise and assets, including those added to the Watson Health portfolio from acquisitions such as Phytel and Explorys. Population Health Alliance DetailsSiemens Healthineers will offer PHM solutions
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Cerner In Talks to Acquire Siemens Radiology Information Systems
Cerner is currently in talks to acquire Siemens Radiology Information System (RIS) solution, SearchHealthIT first reports. The Siemens radiology information system (RIS) offerings are apart of the syngo line of medical imaging software based in Malvern, PA.
Cerner recently acquired Siemens health information technology business for $1.3 billion in cash back in August, which includes Siemens Soarian EHR solution. No decision has been made just yet; however, there has been confusion among
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