Wed.May 01, 2024

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'Too big to fail': Consolidation concerns loom over hearing on Change Healthcare cyberattack

Fierce Healthcare

The scale of UnitedHealth Group's sprawling empire was under the microscope on Wednesday as CEO Andrew Witty testified before a key Senate panel about the cyberattack on Change Healthcare that's ha | The scale of UnitedHealth Group's sprawling empire was under the microscope on Wednesday as CEO Andrew Witty testified before a key Senate panel about the cyberattack on Change Healthcare that's had ripple effects across healthcare.

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CVS slashes 2024 outlook — again — as Medicare seniors drive spending

Health Care Dive

Runaway inpatient spending in particular caused CVS’ insurance costs to snowball after returning “to patterns we have not seen since the start of the pandemic,” its CFO said.

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Telemedicine, enabled with responsible AI, can improve the patient experience

Healthcare It News

In the ever-evolving landscape of healthcare, the integration of virtual care has become pivotal in reshaping patient experiences. Amanda Bury, chief commercial officer at Infermedica, a digital health company specializing in AI-powered systems for symptom analysis and patient triage, knows telehealth's potential to enhance and optimize patient experiences and outcomes while emphasizing convenience, affordability and empowerment – tying in responsible AI innovation and strategies for e

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Hospitals' patient experience, preventable infection improving after pandemic struggles, Leapfrog finds

Fierce Healthcare

The latest batch of Hospital Safety Grades from independent watchdog The Leapfrog Group suggest that patients’ care experiences, which deteriorated during and since the pandemic, may finally be tur | New data from the watchdog reflecting CMS-reported patient safety measures show that hospitals are, on average, working their way back from patient experience and hospital-acquired infection scores that plummeted during the COVID-19 pandemic.

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From Diagnosis to Delivery: How AI is Revolutionizing the Patient Experience

Speaker: Simran Kaur, Founder & CEO at Tattva Health Inc.

The healthcare landscape is being revolutionized by AI and cutting-edge digital technologies, reshaping how patients receive care and interact with providers. In this webinar led by Simran Kaur, we will explore how AI-driven solutions are enhancing patient communication, improving care quality, and empowering preventive and predictive medicine. You'll also learn how AI is streamlining healthcare processes, helping providers offer more efficient, personalized care and enabling faster, data-driven

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Ransomware was used in 72% of network intrusions last year, says BakerHostetler

Healthcare It News

In addition to analyzing client ransomware incidents and other cyberattacks, the privacy and data security specialists at BakerHostetler compared incident response statistics across industries and looked at data breach regulatory response and lawsuits. Of all incidents Baker Hostetler analyzed, healthcare, biotech and pharma took the lion's share at 28%.

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New collective of women's health companies aims to scale access to specialty care

Fierce Healthcare

A newly formed group of women’s health companies aims to tackle gaps in care, with a focus on improving outcomes while reducing costs. | A newly formed group of women’s health companies aims to tackle gaps in care, with a focus on improving outcomes while reducing costs.

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HHS modernizes disability rights rule, stresses importance of enforcement

Fierce Healthcare

The Office for Civil Rights (OCR) announced an update to Section 504 of the Rehabilitation Act of 1973 Tuesday, fortifying support for Americans with disabilities. | HHS finalized a proposed rule from September, granting greater protections to individuals with disabilities. Secretary Xavier Becerra says the department is willing to help providers meet new standards.

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Debt covenant violations tick up among nonprofit providers: report

Health Care Dive

Since 2022, S&P Global Ratings has tracked an increase in violations of debt agreements as macroeconomic pressures and low operating margins challenge providers.

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CVS lowers 2024 guidance as it misses on profit, revenue in Q1

Fierce Healthcare

CVS Health is lowering its guidance for the year after a first-quarter miss on both profit and revenue. | The company posted $1.1 billion in profit for the quarter as well as $88.4 billion in revenue. Both fell short of Wall Street analysts' expectations, according to Zacks Investment Research.

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Tenet raises full-year revenue guidance on $2.2B in Q1 profit

Health Care Dive

CEO Saum Sutaria says the health system is a “new company” following nine hospital sales in the first quarter.

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How to Make The Best Benefits Decisions for 2025's Workforce: An HR and Total Rewards Guide

Speaker: Kaitlin Ruby Carroll

Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha

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How the virtual care market is shaking out in 2024 as Walmart, Optum exit the telehealth business

Fierce Healthcare

News this week that Walmart is shuttering all 51 health cen | Many digital health leaders say recent moves by Walmart and Optum to exit telehealth are not a signal that the telehealth era is over but that the virtual care market is moving away from commoditized models like virtual urgent care.

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How VitalCaring, New Day Healthcare Plan To Reach The ‘Sweet Spot’ Of Scale

Home Health Care

Internal and external headwinds have conjoined to curtail dealmaking in home-based care over the last couple of years. Amid those headwinds, however, there are companies like New Day Healthcare and VitalCaring that are banking on big-time growth in 2024 and 2025, largely driven by acquisition. As growing providers, each company has picked up what they believe to be the right assets, at the right time, over the last couple of years.

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'Podnosis': Inside the plans to build a health innovation hub in New Jersey’s SciTech Scity

Fierce Healthcare

Did you know about SciTech City, a developing mini city in Jersey City? It's quickly becoming a hub for investment, although it might not be widely known yet. | This week on "Podnosis," Fierce Healthcare Senior Writer Anastassia Gliadkovskaya dives into the details of the innovation hub being built in New Jersey's SciTech City.

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How AI Can Increase the Success of Clinical Denials Appeals

HIT Consultant

Steve Albert, Executive Vice President and Chief Product Officer, R1 It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report , 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023.

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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Healthcare Dealmakers—Kaiser wraps Geisinger buy; Advocate Health sells off MobileHelp and more

Fierce Healthcare

Healthcare mergers and acquisitions are in no short supply as providers, health tech companies, retailers and other industry players look to expand their businesses and gain a competitive edge. | Novant Health's regulatory roadblocks, Medical Properties Trusts' real estate sell-offs, CVS Health's new MA broker and more M&A news from April.

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The Evolution of Protest Policing

The Rand Blog

As difficult as policing vigorous dissent may be, having a flexible and adaptive strategy that draws from best practice and lessons learned will be the most effective way for police to plan, execute, adapt, and resolve the scenes to which they are called.

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EmblemHealth taps maternal telehealth startup SimpliFed to expand access to baby feeding support

Fierce Healthcare

EmblemHealth, a New York-based not-for-profit health insurer, has tapped virtual maternal health startup SimpliFed to provide members with easier access to baby feeding and breastfeeding servi | EmblemHealth, a New York-based not-for-profit health insurer, has tapped maternal telehealth startup SimpliFed to provide members with easier access to baby feeding and breastfeeding services.

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Ro Unveils Vertically Integrated Platform for Seamless Patient Care

HIT Consultant

What You Should Know: – Ro , the leading direct-to-patient healthcare company, unveils ro.OS , a technology platform designed to transform the healthcare experience. – This comprehensive system, in development for over six years, vertically integrates telehealth, lab services, and pharmacy operations, creating a seamless and high-quality care journey for millions of patients. ro.OS: Empowering Patients and Providers ro.OS goes beyond simply connecting healthcare services.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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What Can Stop Haiti's Free Fall?

The Rand Blog

A new Haitian transitional council faces serious challenges in seeking an end to violence, the establishment of a representative government and, ultimately, an enhanced potential for long-term stability, but the island nation's civil society, its youth, and its diaspora could offer a level of hope.

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3 Critical Vulnerabilities Found in Merge DICOM Toolkit

HIT Consultant

What You Should Know: – Security researchers at Nozomi Networks Labs identified three vulnerabilities in the Merge DICOM Toolkit C/C++ SDK (versions prior to v5.18). – These vulnerabilities could be exploited by attackers to crash medical imaging systems through seemingly harmless actions like opening a DICOM file or processing network data.

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2024 release wave 1: New copilot features to enhance Microsoft Industry Clouds capabilities

Cloud Blogs

Microsoft Industry Clouds continue to bring new innovations that provide significant capabilities to transform your business. The current 2024 release wave 1 contains several new features across Microsoft Cloud for Manufacturing, Microsoft Azure Data Manager for Agriculture, Microsoft Cloud for Sovereignty, Microsoft Cloud for Sustainability, Microsoft Azure Data Manager for Energy, Microsoft Cloud for Retail, Microsoft Cloud for Healthcare, and Microsoft Cloud for Nonprofit.

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Baton Health Unveils Universal Primary Source for Instant Healthcare Credentialing

HIT Consultant

What You Should Know: – Baton Health has launched its Universal Primary Source, revolutionizing healthcare credentialing by granting access to hundreds of primary source databases instantly. – The platform has garnered over 30 organizations as clients and early adopters, showcasing its potential to transform healthcare credentialing and reduce verification times from hours or days to mere seconds. – Baton Health’s state-of-the-art platform eliminates manual data entry and

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How To Empower Your Workforce With Modern Fertility Benefits

Speaker: Andrea Wuchiski

In an era where a workforce spans multiple generations, HR managers and Total Rewards leaders face the unique challenge of designing benefits packages that cater to diverse employee needs. This session will delve into how comprehensive fertility benefits can bridge generational gaps, support employees’ health, and enhance workplace satisfaction. Join us for an insightful session that highlights the strategic importance of fertility benefits in today’s competitive job market.

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The Baltimore Bridge Collapse Is Also a National Security Problem

The Rand Blog

The accident in Baltimore is both a human tragedy and a reminder of how an adversary could seek to close critical waterways. By taking sustained actions to prevent and respond more effectively to obstructive attacks, the United States can help mitigate the risk and protect the maritime movements on which its security depends.

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AI Model Predicts Heart Disease and Heart Failure, Identifies $1.4B in Potential Savings

HIT Consultant

What You Should Know: – Cedar Gate Technologies (Cedar Gate) , a leader in value-based care technology, announced today the potential for significant healthcare cost savings through early identification of at-risk patients. – An analysis of their national Healthcare Benchmark Database, encompassing nearly 13 million member lives, revealed a staggering $1.4 billion in potential savings.

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Healthcare AI News 5/1/24

HIStalk

News Google highlights the medical capabilities of its unreleased Med-Gemini.

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G1 Therapeutics and Pepper Bio Ink Global License Agreement for Lerociclib

HIT Consultant

What You Should Know: – G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, and Pepper Bio, the world’s first transomics drug discovery and development company, announced a global licensing agreement (excluding the Asia-Pacific region) for lerociclib for all indications outside acute radiation syndrome (ARS). – As Pepper Bio’s first in-licensed therapeutic, lerociclib is a potent and selective inhibitor of cyclin-dependent kinases 4 and 6 (CDK4/6).

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Enhance Healthcare Efficiency With Top Payroll & HCM Services

Running a healthcare facility requires precision and care, not just for patients but also for your staff. Our guide, "A Buyer’s Guide to Payroll & HCM Services," helps healthcare providers choose the best provider. Efficient payroll management ensures timely, accurate payments, critical for maintaining staff morale and trust. Compliance support helps navigate complex healthcare regulations and avoid costly fines.

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Bryan Perry joins FTI’s Center for Healthcare Economics and Policy

Healthcare ECONOMIST

In some exciting news, Bryan Perry has joined FTI Consulting’s Center for Healthcare Economics and Policy. Below is an excerpt from the press release. Washington, D.C., May 1, 2024 — FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of economics and litigation expert Bryan Perry as a Senior Managing Director in the Center for Healthcare Economics and Policy within the firm’s Economic Consulting segment.

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NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing

HIT Consultant

What You Should Know: – Prescryptive Health , a leading healthcare technology company, today announced the National Community Pharmacists Association’s (NCPA) renewed endorsement of Prescryptive AI Pricing. – Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape.

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Can menopause cause high cholesterol?

Healthcare Associates

Menopause affects each woman differently and can cause a variety of changes in her body. Changes in hormones and metabolism during menopause can affect the fats in a woman’s blood, including cholesterol. 1 Because of this alteration, menopause can cause high cholesterol. Cholesterol and the menopausal transition Menopause occurs when a woman hasn’t had a period for 12 months straight. 1 The time leading up to this, when women might experience symptoms such as changes in their menstru

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M&A: Aledade Acquires Michigan’s Medical Advantage

HIT Consultant

Aledade, Inc. What You Should Know: – Aledade , the nation’s leading network of independent primary care practices, announced today the acquisition of Michigan-based Medical Advantage. – This strategic acquisition further solidifies Aledade’s position as the preeminent Accountable Care Organization (ACO) network and a driving force in value-based care.

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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

Speaker: Sean Raible

Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.