Tue.May 14, 2024

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CVS warns it could lose up to 10% of its members next year

Fierce Healthcare

Facing the wrath of upset investors following its first quarter earnings, CVS Health has promised to value margins over members going forward. | CVS Health is reassessing its Medicare Advantage business and weighing the possibility of exiting certain markets as it looks to get its margins under control.

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Judge dismisses FTC’s antitrust suit against Welsh Carson

Health Care Dive

Regulators sued the private equity firm last year for consolidating anesthesiology services in Texas with its portfolio company, U.S. Anesthesia Partners. Now, a judge is holding Welsh Carson blameless while allowing the suit against USAP to continue.

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Private equity firm off the hook in FTC's antitrust case against portfolio anesthesia provider

Fierce Healthcare

Private equity firm Welsh, Carson, Anderson & Stowe will not be scrutinized in court for the potentially anticompetitive practices of its portfolio anesthesia group U.S. | A federal judge ruled Monday that Welsh Carson's minority, noncontrolling stake in U.S. Anesthesia Partners does not make it liable for the provider's potential anticompetitive practices.

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A guide to healthcare digital transformation and the digital-first model

Healthcare It News

Besides being all the rage in the industry, digital transformation is a key component to the strategy of forward-leaning hospitals and health systems today. It aligns healthcare organizations with its customers – highly digital patients. This is one of the most important topics healthcare CIOs and other C-suite and health IT leaders can be talking about today.

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How to Battle Layoffs: The Career Star Accelerator Bootcamp

Facing layoffs in your organization? Support your team members' career transition with Career Star Accelerator Bootcamp: Custom Resume & LinkedIn Revamp + 6 Weeks of Career Coaching. Our certified resume writers will create job search-winning resumes and LinkedIn profiles while they work with a career coach to learn unique strategies to stand out, attract the right employers, automate their job search, and land their dream job.

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Babyscripts teams up with Lyft to provide transportation to maternal health services

Fierce Healthcare

Digital maternal health company Babyscripts announced a partnership Tuesday with Lyft Healthcare to offer sponsored rides for people who are pregnant or postpartum and face barriers to transportati | Babyscripts hopes to increase utilization of prenatal and postpartum care through a new ridesharing pilot program with Lyft Healthcare.

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Fortis Healthcare gets AI boost for mental health vertical

Healthcare It News

Fortis Healthcare, a publicly listed private hospital network from India, has introduced a new mental health service enabled by artificial intelligence. The hospital network , which is also part of the larger private healthcare group IHH Healthcare, signed an exclusive partnership with mental health super app United We Care to establish Adayu Mindfulness.

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Hospitals charged employers and insurers 254% more than Medicare in 2022: study

Health Care Dive

Hospitals with larger market shares were among the worst offenders, the RAND Corporation found.

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Empowering European citizens to manage their health digitally

Healthcare It News

Sarah Wamala Andersson, professor of health and welfare technology at Sweden's Mälardalen University, discusses Europe's IDEAHL project, which aims to increase citizens' access to and use of digital health tools through targeted interventions.

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Quantum Health launches new pharmacy navigation solution

Fierce Healthcare

Healthcare navigation company Quantum Health is launching a new offering that seeks to make it easier for employers to manage pharmacy costs. | Healthcare navigation company Quantum Health is launching a new offering that seeks to make it easier for employers to manage pharmacy costs.

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Inpatient admissions lift for-profit providers’ revenue during Q1

Health Care Dive

Despite an “unusual” rise in inpatient volumes, executives at most of the leading for-profit health systems said they remain focused on outpatient investments.

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5 Essentials for Healthcare CIOs: A Provider Data Management Checklist

Complete and accurate provider data is essential for health organizations to operate effectively. A better understanding of your provider network helps to understand patients and consumers, identify gaps in care, and make the best possible decisions for your businesses. A modern provider data management solution should power a complete and accurate view of each of your providers, make this data easily accessible across functional groups, and be flexible and agile enough to scale. with your needs

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Jim Rechtin to step into Humana CEO role on July 1

Fierce Healthcare

The insurer announced Monday that incoming chief executive Jim Rechtin will assume the role in the summer.

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Humana CEO Bruce Broussard to depart July 1

Health Care Dive

At that time, current chief operating officer Jim Rechtin will take the reins of the health insurer, which is struggling with challenges in Medicare Advantage.

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Researchers Uncover Critical Vulnerabilities in GE HealthCare Ultrasound Systems and EchoPAC Software

HIT Consultant

The Vivid T9 ultrasound system What You Should Know: – Security researchers at Nozomi Networks Labs have identified a total of 11 vulnerabilities affecting GE HealthCare’s Vivid family of ultrasound machines, the accompanying Common Service Desktop web application, and EchoPAC PC software. – These vulnerabilities could be exploited by attackers to disrupt critical medical procedures, compromise patient data privacy, and hinder accurate diagnoses.

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Kaiser rides completed Geisinger acquisition to $7.4B income in Q1

Health Care Dive

However, the nonprofit provider and health plan warned subsequent quarters may be less profitable as expenses are projected to climb.

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Level up Culture & EQ | Sign up for the #CultureDrop

Once a week, culture & leadership expert Galen Emanuele gives free, actionable EQ training in 5 minutes or less. Subscribe to the #CultureDrop and access free resources & content.

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Anumana Appoints Harry S. Palmin as CFO

HIT Consultant

Harry S. Palmin, CFO at Anumana What You Should Know: – Anumana , an AI-powered health technology company, has announced the strategic appointment of Harry S. Palmin as their new Chief Financial Officer (CFO). – Palmin brings a wealth of experience to Anumana, boasting over 25 years in building, financing, and operating life sciences companies. – In addition to his duties at Anumana, Palmin will also serve as CFO of Ventures for nference, a company of which Anumana is a portfol

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What Home-Based Care Providers Need To Do To Comply With DOL’s Overtime Rule

Home Health Care

This article is a part of your HHCN+ Membership Last month, the U.S. Department of Labor (DOL) unveiled its final overtime rule, which is set to go into effect this summer. The rule increases a minimum salary threshold for millions of workers across the country, and could impact home health and home care providers. Broadly, the DOL has increased the salary threshold for the minimum compensation necessary for an individual to be exempt from overtime under the Fair Labor Standards Act.

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Dandelion Health Launches First Multimodal GLP-1 Data Library for Precision Medicine

HIT Consultant

What You Should Know: – Dandelion Health , a leader in real-world data (RWD) and clinical AI, has unveiled the industry’s first-ever multimodal GLP-1 data library. – The multimodal GLP-1 data library empowers researchers and life sciences companies to unlock deeper insights into the use of glucagon-like peptide-1 (GLP-1) receptor agonist drugs for precision medicine.

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Aveanna Is Looking To Grow In Its ‘Rightsized’ Home Health Segment Again

Home Health Care

Aveanna Healthcare Holdings (Nasdaq: AVAH) leaders believe the company is back at a place where it can bank on near-term growth in its Medicare-certified home health business. It first entered into a business “transformation” in January 2023, and that transformation is already paying dividends, according to CEO Jeff Shaner. But much of the turnaround has been led by the private-duty services segment.

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A Guide to Improved Sepsis Detection & Compliance: 6 Areas You Should Address

This guide highlights key areas that your sepsis detection platform should address to minimize the impact of this leading, entirely preventable cause of in-hospital deaths, as well as how to increase compliance by 20% in 30 days. Download to learn more!

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The Unsung Heroes: A Spotlight on Caregivers and Foster Care

GoMoHealth

Within the intricate fabric of society, certain elements can wear thin, yet steadfastly maintain their support. Caregivers and foster care exemplify this resilience, discreetly supporting the lives of those in need. Here we explore the profound role caregivers play in the foster care system, shedding light on their invaluable contributions and the impact they have on countless lives.

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AI enhances computational performance of artificial pancreas system

Health IT Analytics

An AI-driven artificial pancreas kept patients’ blood sugar in the desired range just as long as a non-AI tool while reducing computational demands six-fold.

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Why Humana Chose Jim Rechtin As Its Next CEO

Home Health Care

Humana Inc. (NYSE: HUM) announced Monday that Jim Rechtin would be succeeding Bruce Broussard in the CEO role on July 1. On Tuesday, Broussard explained why. Ultimately, the CEO succession plan had been in place at Humana for a while. Broussard has served in the CEO chair since 2013, and Rechtin was named his successor in October of last year. “When the board began the search, we were really looking at a few things, including character traits and experience.

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Lyft & Babyscripts Partner to Offer Rides for Prenatal Appointments, Addressing Transportation Barriers

HIT Consultant

What You Should Know: – Babyscripts , the leader in virtual maternity care, and Lyft Healthcare have joined forces to eliminate a major hurdle for expectant mothers: transportation. – The strategic collaboration provides sponsored rides to and from doctor appointments for transportation-insecure patients enrolled in Babyscripts’ program.

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The New Tech Experience: Innovation, Optimization, and Collaboration

Speaker: Paul Weald, Contact Center Innovator

Learn how to streamline productivity and efficiency across your organization with machine learning and artificial intelligence! No matter what industry you're in - healthcare, customer service, sales, and more - it’s easier than you think to reduce wait times, monitor sentiment, and provide enhanced self-service options for all of your users. This means that you can achieve a more consistent and engaging customer experience while reducing sources of friction.

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Choosing the Right Call Center Model for Your Healthcare Needs

Sequence Health

In today’s fast-paced healthcare environment, the efficiency of a medical call center plays a pivotal role in managing patient relations and optimizing operational efficiency. Here, we delve into the benefits and challenges of in-house inbound call centers and outsourced call centers and offer insights to help healthcare providers make informed decisions.

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Crosby Health Launches Clinical LLM for Automating Healthcare Revenue Cycle with $2.2M in Funding

HIT Consultant

What You Should Know: – Crosby Health, a healthtech company pioneering proprietary AI to automate administrative tasks, today announced the launch of its clinical large language model (LLM), Apollo, alongside $2.2M in pre-seed funding led by Amplo Ventures , with participation from NOMO Ventures and angel investors. – Apollo is the most advanced LLM for medical reasoning, outpacing other clinical models including Google’s Med-PaLM and Meditron with a larger capacity and higher medica

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News 5/15/24

HIStalk

Top News Ascension’s most recent update from Monday evening reaffirms.

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Kalderos Appoints Daryl Todd as Chief Strategy Officer

HIT Consultant

Daryl Todd, Chief Strategy Officer at Kalderos What You Should Know: – Kalderos , the data infrastructure and analytics company behind the world’s first Drug Discount Management platform, has appointed Daryl Todd as its new Chief Strategy Officer. – Todd, a seasoned legal professional with extensive experience in the life sciences industry, brings a unique combination of legal expertise and patient advocacy to the table.

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Strategies to Deal with Collaborative Healthcare Communication

Speaker: Dr. Ugo Uwaoma, MD, MBA

Due to the impact of COVID-19, integrating telehealth software into practices and organizations has become the new normal. In turn, this has increased the effectiveness of collaborative healthcare by strengthening communication amongst healthcare workers and helping combat the woes of burnout. Communication between patients and healthcare providers has also improved, allowing patients to reach their providers easily and decreasing turnaround time.

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Morning Headlines 5/15/24

HIStalk

Crosby Health Raises $2.2M in Pre-Seed Funding Crosby Health will.

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SmarterDx Nabs $50M for AI-Powered Revenue Integrity for Hospitals

HIT Consultant

What You Should Know: – SmarterDx , the leader in clinical AI for revenue integrity and care quality, today announced it has secured $50 million in Series B funding led by Transformation Capital. – The round also includes continued investments from Bessemer Venture Partners, Flare Capital Partners and Floodgate Fund, bringing total funding to $71 million to date.

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US hikes tariffs on medical products from China

Health Care Dive

The rate hikes focus on areas where the Biden administration has sought to boost domestic production, such as medical supplies that were essential to the COVID-19 pandemic response.

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PathAI Unveils AI Foundation Model Built for Disease Detection

HIT Consultant

What You Should Know: – PathAI , a leader in the field of AI-powered pathology, has announced the launch of Pathology Universal Transformer (PLUTO) , a foundation model specifically designed for the intricacies of pathology, promising to transform the development of AI tools for biopharmaceutical companies and pathology labs. – In the realm of machine learning, foundation models (FMs) play a crucial role.

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Top 12 Telehealth KPIs Every Health Tech Leader Should Know

Speaker: Matt McBride, CEO and Co-Founder of Mend

Patient engagement happens before, during, and after interactions. Consumer research has found that in 2021, 64% of US households reported using Telehealth services. In addition 34% of patients would prefer Telehealth visits to in-office visits. Accessible patient engagement technology can help you improve your relationships with your patients while also improving your KPIs.