What You Should Know: For years, documentation has been a pain point that has led to clinician frustration and burnout, but numerous strategies have emerged to ease that burden and enhance patient care. COVID-19 has exacerbated burnout, leading organizations to renew their focus on improving documentation.A new report by KLAS examines physician-facing documentation technology and services, along with how vendors compare in overall scores, and the key performance metrics of value and
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Epic, Impact Advisors, Nordic, Chartis Named 2023 Overall Best in KLAS® Awards
What You Should Know: Epic, Nordic, Impact Advisors and The Chartis Group won the 2023 Overall Best in KLAS® awards. Epic was named the top Overall Software Suite for the thirteenth straight year in 2023 Best in KLAS – Software & Services report, released, which reports on the top vendors for 2022. Epic was also named the top Overall Physician Practice Vendor. Epic won thirteen other Best in KLAS awards in various market segments. - Impact Advisors tied with Nordic to be a
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Pretzel Therapeutics Launches With $72.5M to Pioneer Mitochondrial Therapies
What You Should Know: - Pretzel Therapeutics, a biotechnology company harnessing the intricacies of mitochondrial biology to develop groundbreaking therapies, launched today with $72.5M in Series A financing to pioneer novel therapies to modulate mitochondrial function. - The financing was led by ARCH Venture Partners and Mubadala Capital with participating investors HealthCap, Cambridge Innovation Capital, Cambridge Enterprise, Angelini Ventures, GV, Invus, Eir Ventures, GU Ventures, and
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Physicians and Technology: A Blessing or a Curse?
Burnout is a growing situation that has been slowly undermining the productivity of physicians and their staff. And in recent years, it’s gotten worse as demands from patients, documentation, and regulatory requirements increase. Adding to the situation are challenges related to added technology, the need to be virtual and to meet patients where they are, and the need to keep up with constantly changing information and landscape in terms of what our patients need from us. Kirk Davis,
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Executive Roundtable: Can Innovation Alleviate Clinician Burnout?
The U.S. Surgeon General’s recent advisory about clinician burnout cited numerous societal, cultural, structural, and organizational causes—including excessive workloads, administrative burden, and lack of organizational support. The potential fallout of this trajectory is alarming: The advisory cites the Association of American Medical Colleges’ estimate on clinician demand outpacing supply, with an anticipated shortage of between
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Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards
What You Should Know: - Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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Nuance Sells Off Transcription and EHR-Go-Live Businesses to DeliverHealth
What You Should Know: - Nuance announced that it’s planning to sell two sections of its healthcare business – Health Information Management (HIM) and Electronic Health Record (EHR) Go-Live Services to a new independent company, called DeliverHealth, in early 2021. - Nuance will be a minority shareholder of DeliverHealth and continue to provide its technology to the company. Nuance Communications, Inc., today announced the planned sale of the Health Information Management (HIM)
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Getting Beyond the Telehealth ‘Stop-Gap’ Mentality
Since COVID-19 emerged as a major health threat, virtual care has taken off. As many as 46% of patients reported in late April that they had used telehealth to replace a canceled healthcare visit in 2020, while 48% of physicians said they had started using telehealth to treat patients. While a shift in care models was necessary to address business continuity amid the pandemic, these trends also represent positive movements as a growing body of evidence supports the real-life benefits of
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Giving ‘Voice’ to Healthcare: The $3.5 Billion Opportunity
Whether it's asking Siri for directions to the nearest coffee shop or commanding Alexa to turn on the lights, using voice assistants has become part of daily routines. More than one-third of the U.S. population relies on these tools to make their lives easier, and they’re being embraced by more than just millennials; use among seniors, children, and teens is also on the rise. But the home and smartphone aren’t the only domains for voice assistants. Businesses of all types – from
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Amazon Transcribe Medical Enhances Speech-to-Text Accuracy of COVID-19-Related Terms
Amazon Web Services (AWS) is now helping accurately assess, consume and analyze information related to COVID-19 by enhancing speech-to-text accuracy of COVID-19-related terms with Amazon Transcribe Medical, a machine learning service that makes it easy to quickly create accurate transcriptions from medical consultations between patients and physicians. These medical speech-recognition capabilities can now help efficiently and accurately transcribe video and audio
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