Back in the day – the late 1960s, when social norms and the face of America was rapidly changing – a familiar public service announcement began preceding the nightly newscast. “It’s 10 p.m. Do you know where your children are?” Today, as the healthcare landscape changes rapidly with a seismic shift from the fee-for-service payment model to value-based care models, there’s a similar but new clarion call for quality healthcare: “It’s 2018. Do you know where your data is?”Compliance with the
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MUSC and Siemens Healthineers Form Strategic Value-based Care Partnership
The Medical University of South Carolina (MUSC) and Siemens Healthineers have formed a first-of-its-kind strategic partnership to advance the quality of care in South Carolina. The value-based care partnership will capitalize on the coupling of MUSC’s clinical care, research and education expertise with Siemens Healthineers’ engineering innovations and workflow-improvement capabilities.The partnership with a focus on driving performance excellence at MUSC and generating significant clinical and
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hc1.com Raises $10M to Expand Precision Health Platform for Value-based Care
hc1.com, an Indianapolis, IN-based precision medicine startup, announced that existing investor Health Cloud Capital has exercised its option to provide additional growth funding, bringing the company’s total Series B capital raise to $10 million. Elevate Ventures also participated in the round. The additional capital will fund continued expansion of precision health initiatives underway at hc1, including solutions that combat the opioid crisis and optimize prescribing of other prescription
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Hartford HealthCare Taps Innovaccer’s Healthcare Data Platform to Connect Over 70 Ambulatory Practice Sites
Hartford HealthCare, Connecticut’s most comprehensive healthcare network, has partnered with the leading San Francisco-based healthcare data platform company, Innovaccer Inc., to leverage data as a source of innovation in healthcare.Due to the siloed nature of traditional clinical systems, connecting practice sites within a dispersed health system has always been incredibly challenging. As organizations strive to improve efficiency and outcomes, the inability to link systems is proving to be a
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Puerto Rico’s Largest MSO Goes Live on Innovaccer’s Healthcare Data Platform
Inmediata, Puerto Rico's largest Management Service Organization (MSO), went live on Innovaccer’s healthcare data platform to drive analytics-powered healthcare, gain insights into provider performance and deliver value-based care. Inmediata currently manages around 70% of patient data across the island of Puerto Rico. Using rapid integration and advanced data analytics provided by Innovaccer's healthcare data platform company, Inmediata will be able to bring their data together and identify
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Innovaccer Unveils Potential Savings Advisor for Accountable Care Organizations
Despite the numerous interventions by the government to reinforce value-based care, the transformation of the healthcare ecosystem has been slow. As of 2018, there are around 400 ACOs under Medicare Shared Savings Programs alone and only 31% of them could generate shared savings.Additionally, ACOs are under immense pressure with an increased shift towards assuming more financial accountability. The reality is that every year ACOs end up leaving money on the table due to lack of awareness about
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Medtronic and UnitedHealthcare’s Value-based Relationship Results in Lower Costs, Fewer Hospital Readmissions
Today, Medtronic and UnitedHealthcare announced positive first-year results from their value-based relationship focused on improving health outcomes for people with diabetes. Results demonstrated cost-savings and reduced hospital admissions for UnitedHealthcare members with type 1 diabetes on Medtronic insulin pumps, when compared to other members on multiple daily injections (MDI) of insulin. Starting in 2016, more than 6,000 UnitedHealthcare members were given access to the Medtronic MiniMed
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Cerner and Lumeris Launch EHR-Agnostic Solution for Value-based Care
Cerner and Lumeris, a health plan and value-based care managed services operator, today announced a 10-year relationship aimed at eliminating inefficiencies in the current health care system. Under the relationship, the parties will launch a new offering, Maestro Advantage, for value-based arrangements, including Medicare Advantage (MA) and provider-sponsored health plans (PSHPs). The strategic relationship includes a Cerner investment in Lumeris’ parent company, Essence Group Holdings
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Caradigm Sale – The Final Step in GE’s Exit From PHM/Value-based Care?
- On 13th June 2018, cancer informatics and digital pathology workflow vendor, Inspirata, announced that it was purchasing GE Healthcare’s remaining population health management (PHM) interest, Caradigm- This follows the announcement in April 2018 that GE Healthcare was selling its ambulatory value-based care business to Veritas Capital- This latest announcement now means that GE Healthcare has exited the population health management market from both an enterprise and ambulatory perspective- It
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Report: Healthcare Organizations are Seeing Improved Profits from Value-based Care Contracts
46% of healthcare organizations see value-based care contracts improving profitability versus 23% two years ago. Healthcare organizations are more optimistic about how value-based care will affect their finances, according to a poll of accounting and finance employees on a webcast that KPMG hosted. Government spending on healthcare through Medicare, Medicaid, Veterans Administration and other programs have been shifting to value-based payment models in an attempt to improve efficiency and tie
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