What You Should Know:
- Lyfegen, a global health tech SaaS company driving the world’s transition from volume to value-based healthcare for high-cost drugs raises $8M in Series A financing round led by aMoon, with additional participation from APEX Ventures and others.
- Lyfegen’s value-based contracting software is used by healthcare payers and leading pharma companies, including Novartis, Roche, MSD, Bristol Myers Squibb (BMS) and Johnson & Johnson.
Value-Based
Read More
Value-Based Care| VBC-Related News, Analysis, Insights - HIT Consultant
Inflation Could Result in Additional $370B in Healthcare Costs by 2027
What You Should Know:
- McKinsey & Company’s latest report reveals inflation could result in $370 billion in an additional increase above the baseline in healthcare costs by 2027, causing the government, employers and consumers to burden the cost.
- The piece showcases the impact healthcare inflation will have over the next five years without immediate action, threatening affordability and access to care for consumers, and posing a material risk to profitability for providers, payers,
Read More
Report: 2022 KLAS Emerging Solutions Top 20
What You Should Know:
- KLAS asked 16 prominent members of the healthcare community with broad HIT expertise to read 42 KLAS reports on emerging technology and rate their perception of the solutions based on their potential to impact the Quadruple Aim of Healthcare: to improve outcomes, reduce the cost of care, improve the patient experience, and improve the clinician experience.
- The new report by KLAS (1) ranks these emerging solutions by their ability to disrupt the
Read More
Report: The State and Science of Value-Based Care
What You Should Know:
- Providers believe 96% of payment is now value-based in some capacity, and 58% believe their EHR vendor won’t be able to support the data strategies required to thrive under value-based care, according to a new study conducted by Morning Consult and Innovaccer.
- The 37-page national research study uncovers key IT infrastructure issues healthcare leaders said are impeding or essential for progress towards accelerating their transformation to value-based
Read More
Epic Integrates with Milliman MedInsight for its Value-Based Performance Management Module
What You Should Know:
- Epic forms strategic partnership with Milliman MedInsight to offer advanced analytics to Epic customers.
- As part of the strategic partnership, Milliman MedInsight will integrate with Epic’s new Value-Based Performance Management module.
- Epic customers will be able to leverage the unparalleled expertise of two leading healthcare technology companies to build the foundation for population health improvement strategies. Epic's new Value-Based Performance
Read More
Edifecs Launches Solution to Automate Prior Authorization at the Point of Care
What You Should Know:
- The full automation of prior authorization at the point of care leads to improved member experiences, enhanced outcomes, ongoing compliance, and reduced administrative burden. Edifecs’ automated prior authorization solution integrates with electronic health records (EHR) and leverages artificial intelligence (AI), natural language processing (NLP), and industry standards such as FHIR to instantly deliver authorization.
- This innovation comes on the heels of
Read More
7 Health IT Industry Outlook Report Trends to Watch in 2022
What You Should Know:
- As COVID-19 accelerated demand for more advanced digital health and patient engagement technologies, hospital and health system IT departments shouldered these expectations – rolling out new capabilities in record time, while still balancing daily operational support responsibilities. Now, IT staff burnout has escalated into major career jumps, with many hospital IT departments struggling to fill talent gaps from high turnover.
- Utilizing flexible staffing
Read More
Imaging Strategy and Digital Mastery in Healthcare IT
How you handle imaging says a lot about your organization’s digital maturity
The ongoing digitalization of industry continues to disrupt business and service models in every sector. Even though U.S. healthcare has traditionally lagged behind other fields in technological adaptation, there has still been a broad and tremendous shift in how healthcare functions, which is driven by IT infrastructure.
From the slow and often frustrating rise of the EHR to the lightning fast rollout of
Read More
Why Health Systems Need a New Transition Strategy to APMs
There is an adage that change in healthcare moves at the speed of tectonic plates. The slow adoption of Alternative Payment Models (APMs), the central feature of value-based care, is a good example of constraint despite immense pressure to control costs.
Data from 2020 demonstrate almost zero change from 2018 in the proportion of straight Fee-for-Service (FFS) reimbursement. Other results show a slight uptick in APMs with or without downside risk at 34.6 percent. However,
Read More
CVS Health to Acquire Signify Health for $8B
What You Should Know:
- CVS Health announced it will acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8B.
- Signify Health's clinicians and providers can have an even greater impact by engaging with CVS Health's unique collection of assets and connecting patients to care how and when they need it.
Advancing CVS Health’s Value-Based Care Long-Term Strategy
Signify Health is a provider of Health Risk Assessments, value-based
Read More
