Tue.May 07, 2024

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Steward’s bankruptcy documents reveal sprawling debt, planned hospital fire sale

Health Care Dive

Since filing for bankruptcy Monday, Steward Health Care revealed it's carrying more than $1 billion in debt and said its entire hospital portfolio is for sale.

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Clover Health authorizes $20 million share buyback program

Fierce Healthcare

Clover Health is raising its full-year adjusted EBITDA guidance and announced a share repurchase program of up to $20 million over the next two years, the insurtech said ahead of its first quarter | Clover Health announced an improved year-over-year adjusted EBITDA, insurance revenue and MCR during its first quarter earnings call.

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Medicare go-broke date extended to 2036, but warning bells continue ringing

Health Care Dive

The Medicare trustee’s new deadline for the trust fund’s insolvency is five years later than in last year’s report, but budget hawks warned action is still needed to shore up the insurance program’s finances.

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New bill aims to establish provider incentive program to combat drug shortages

Fierce Healthcare

A new draft bill from the Senate Finance Committee aims to establish a new provider incentive program to address drug shortages. | A new draft bill from the Senate Finance Committee aims to establish a new provider incentive program to address drug shortages.

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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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Using innovative technology to drive quality improvement efforts

Meditech

Engaging in quality improvement efforts is a critical part of providing the best possible care to patients. Ensuring care teams have the tools they need for clinical decision-making makes it easier to turn discrete data into relevant information. By utilizing innovative technology and solutions, healthcare providers can streamline processes, reduce errors, and ultimately improve patient outcomes.

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Overcoming veteran healthcare hurdles

Fierce Healthcare

More than 18 million veterans live in the U.S., making up about 7% of the adult population. | In this week’s episode of “Podnosis,” Fierce Healthcare Senior Writer Anastassia Gliadkovskaya sits down with two experts to discuss how stakeholders can help overcome the issues plaguing the veteran healthcare system.

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Oscar Health records first quarterly net profit, exceeds EPS expectations

Fierce Healthcare

Insurtech Oscar Health is standing by its full-year outlook after surpassing market expectations and beating year-over-year measures. | Oscar Health is in the green for the first time in company history, with nearly all financial metrics exceeding market expectations during the company's first quarter earnings call.

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Addus Remains Disappointed With Medicaid Access Rule, But It’s Also Willing To Take Advantage

Home Health Care

Addus HomeCare Corp. (Nasdaq: ADUS) leaders still believe the Medicaid Access Rule missed the mark. But that doesn’t mean they won’t take advantage of it. The company is regularly building out its personal care footprint, expanding it in some areas and bolstering it in others. If consolidation is a result of the Medicaid Access Rule’s 80-20 provision , Addus would be a likely beneficiary.

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House Ways & Means committee unveils two-year telehealth extension bill, and tacks on PBM reforms

Fierce Healthcare

The House Committee on Ways & Means Monday night unveiled a first-of-its-kind piece of telehealth extension legislation to preserve Medicare telehealth flexibilities for two years. | Pandemic-era Medicare telehealth flexibilities which removed restrictions on how a Medicare beneficiary could access telehealth are set to expire at the end of 2024.

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Suki Inks AI Scribe Agreement with Premier

HIT Consultant

What You Should Know: – Suki , the leader in voice artificial intelligence (AI) technology for healthcare, today announced it has been awarded a national group purchasing agreement for AI scribes with Premier, Inc. – Effective May 1, 2024, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms for Suki pre-negotiated by Premier for AI scribes.

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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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Hims & Hers brings in $11M in Q1 profit, bumps up 2024 revenue forecast

Fierce Healthcare

Online health and wellness company Hims & Hers bumped its full-year revenue forecast higher following strong growth in subscribers and double-digit net income in the first quarter. | Online health and wellness company Hims & Hers bumped its full-year revenue forecast higher following strong growth in subscribers and double-digit net income in the first quarter.

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ARC Innovation at Sheba Medical Center Joins TRAIN Responsible AI Network

HIT Consultant

What You Should Know: – ARC Innovation , the innovation arm of Sheba Medical Center , Israel’s leading medical center and a six-time Newsweek World’s Best Hospital awardee, today announced its participation in the Trustworthy & Responsible AI Network (TRAIN). – The consortium brings together healthcare luminaries dedicated to integrating responsible AI practices effectively within the healthcare landscape.

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NEBGH: Here's how employers can support cancer patients in the workplace

Fierce Healthcare

Cancer diagnoses are on the rise among younger adults, and a new guidebook seeks to arm employers with the tools necessary to tackle this issue. | Cancer diagnoses are on the rise among younger adults, and a new guidebook seeks to arm employers with the tools necessary to tackle this issue.

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Steward Health Care Files for Chapter 11 Bankruptcy, Cites Financial Pressures

HIT Consultant

What You Should Know: – Steward Health Care , the nation’s largest physician-led hospital operator, announced today that it has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. – Steward assures patients and the broader community that day-to-day operations will continue uninterrupted throughout the Chapter 11 process.

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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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News 5/8/24

HIStalk

Top News Multi-state hospital operator Steward Health Care files for.

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Revolutionizing Healthcare with Data Extraction Technology

HIT Consultant

Ben Manning, Director of Product Management at etherFAX In the evolving landscape of the healthcare industry, technology advancements play a pivotal role in enhancing efficiency, accuracy, and helping reduce the workload on overburdened staff. Despite significant progress in interoperability, traditional methods, such as faxing, continue to be a cornerstone of document exchange in healthcare organizations.

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Despite Wage Pressures, Pennant Continues Racking Up Home Health Wins

Home Health Care

The Pennant Group (Nasdaq: PNTG) just achieved a record quarter. “This was highlighted by a double digit year-over-year percentage increases in same store total home health admissions and hospice average daily census,” Pennant CEO Brent Guerisoli said during the company’s first-quarter earnings call Tuesday. “This same store growth exemplifies the meaningful potential that exists at our established operations as they mature and expand.

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Rad AI Scores $50M to Empower Radiologists with Generative AI

HIT Consultant

Rad AI What You Should Know: – Rad AI , a leader in generative AI for healthcare, announced today it has raised $50M in Series B financing, bridging its total capital raised to over $80M. – The round was led by Khosla Ventures , with participation from prominent investors including WiL (World Innovation Lab) , ARTIS Ventures , OCV Partners , Kickstart Fund , and Gradient Ventures (Google’s AI-focused fund).

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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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Designing for Health: Interview with Farhan Ahmad and Jon Keevil, MD [Podcast]

Nordic

Emerging technologies have vast, expansive abilities within the healthcare landscape. However, a new asset can be needlessly complex and too overwhelming to gain wide adoption amongst clinicians. In order for wholesale implementation to take place, new software or technologies need to balance increased capabilities with the simplicity and accessibility for use in day-to-day clinical operations.

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Blackwell Security Raises $13M to Empower Healthcare Cybersecurity Operations

HIT Consultant

What You Should: – Blackwell Security , a leading provider of specialized cybersecurity solutions designed for the healthcare industry raises $13M in funding co-led by General Catalyst and Rally Ventures. – The funding will be strategically directed towards two key areas. Firstly, it will fuel the expansion of Blackwell’s Managed Healthcare Extended Detection and Response (MHXDR) offering.

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Types of Call Center Analytics in Healthcare

Sequence Health

Healthcare organizations rely on various forms of data analytics in the call center to improve their service delivery and patient satisfaction. Call center analytics provide a structured way to analyze these interactions, offering insights that can enhance patient engagement and streamline operations. Essentially, call center analytics refers to the use of data analysis tools and technologies to evaluate the efficiency and quality of call center operations.

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Xealth & Stel Life Partner to Simplify Remote Patient Monitoring with Secure Data Integration

HIT Consultant

What You Should Know: – Xealth , a digital health platform provider, today announced a collaboration with Stel Life , a frontrunner in health monitoring device connectivity. – The integration partnership aims to optimize remote patient monitoring (RPM) by facilitating faster, more secure integration of patient vital data into care team workflows.

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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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Effective Jun. 4, 2024, Christopher Lawrence, MD, will no longer be practicing medicine at Healthcare Associates of Texas – McKinney South.

Healthcare Associates

Effective Jun. 4, 2024, Christopher Lawrence, MD, will no longer be practicing medicine at Healthcare Associates of Texas – McKinney South. Patients may obtain copies of their medical records at: Healthcare Associates of Texas – McKinney South 8080 State Hwy 121, Suite 300 McKinney, TX 75070 Phone: 1-972-268-9383 Fax: 1-972-870-4925 The post Effective Jun. 4, 2024, Christopher Lawrence, MD, will no longer be practicing medicine at Healthcare Associates of Texas – McKinney South. appeared first o

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BrightInsight, Google Cloud to Enhance Patient Experience with Generative AI

HIT Consultant

What You Should Know: – BrightInsight, Inc. , a provider of compliant digital health solutions, today announced its collaboration with Google Cloud to leverage cutting-edge generative AI (gen AI) technology. – The enhanced partnership aims to optimize BrightInsight’s research and development efforts and significantly enhance its Disease Management Solution for both patients and healthcare providers.

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[ANSWERED] What is DOT Compliance?

Etactics

In 2021, 42,939 people died in motor vehicle accidents. When it comes to travel, safety is obviously an important aspect. Whether it is just driving down the street to the grocery store, or Amazon trucks delivering packages. There are rules and regulations for everyone to follow, such as wearing a seatbelt and obeying the speed limit. With commercial transportation, there are a few additional regulations.

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Paytient Appoints Joe Gabler as Chief Growth Officer

HIT Consultant

Joe Gabler, Chief Growth Officer at Paytient What You Should Know: – Paytient , the leading innovator in health plan affordability solutions, today announced the appointment of Joe Gabler as its Chief Growth Officer (CGO). – Mr. Gabler brings nearly two decades of experience in building successful companies and pioneering healthcare consumer payment solutions.

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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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Compassus Taps Fresenius Veteran Michael Asselta As Next CEO

Home Health Care

There’s a new leader at the helm of Compassus. The company’s board of directors has named Michael J. Asselta as CEO. “Compassus continues to build national momentum in executing its shared mission with long standing provider and payer partners to expand access to best-in-class home-based care services,” Pat Ryan, executive chairman at Compassus, said in a press statement.

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ARTBIO, Nucleus RadioPharma Partner to Advance Targeted Alpha Radioligand Therapies for Cancer

HIT Consultant

What You Should Know: – ARTBIO, Inc., a leader in developing targeted alpha radioligand therapies (ARTs) for cancer, and Nucleus RadioPharma Inc., a pioneer in radiopharmaceutical development and manufacturing, announced today a strategic collaboration to propel ARTBIO’s clinical trials forward. Nucleus to Manufacture ARTBIO’s Lead Therapy Candidate This agreement signifies a significant step for ARTBIO.

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Morning Headlines 5/8/24

HIStalk

Rad AI Closes $50 Million to Empower Physicians with AI.

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DeepScribe Appoints Dr. Dean Dalili as Chief Medical Officer

HIT Consultant

Dr. Dean Dalili, MD, MHCM, Chief Medical Officer at DeepScribe What You Should Know: – DeepScribe , an innovator in ambient AI documentation for healthcare, announced the appointment of Dr. Dean Dalili, MD, MHCM, as its new Chief Medical Officer (CMO). – Dr. Dalili brings a wealth of experience to DeepScribe, poised to play a pivotal role in shaping the company’s clinical strategy and advancing its mission to revolutionize healthcare documentation.

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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.