Wed.Apr 17, 2024

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ACOs led by independent physicians save Medicare ‘substantially’ more money, CBO says

Health Care Dive

Independent practices have clearer financial incentives to lower medical spending than hospitals participating in accountable care organizations, according to the Congressional Budget Office.

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Most doctors, consumers need transparency to trust generative AI in clinical decisions, survey finds

Fierce Healthcare

Though physicians are quickly growing more comfortable with generative AI, the vast majority expect models to be transparent and trained on credible information, a new

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Elevance notches $2.3B in profit, unfazed by Change attack

Health Care Dive

The insurer says it has caught up on claims delayed due to the cyberattack on the clearinghouse earlier this year, and shared more details on a new primary care venture with a private equity firm.

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AI medical assistants see rapid growth as health systems turn to tech as a cure for the burnout crisis

Fierce Healthcare

Health systems across the country face the same pressing problem — rising levels of burnout among physicians. It’s a challenge that’s reaching a crisis point. | A growing number of hospitals and health systems are betting on advancements in AI as part of the cure for what ails physicians. Rush University System for Health is partnering with Suki to trial its AI assistant and Children’s Hospital Los Angeles is rolling out Nabla's Copilot tool.

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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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Over 20% of healthcare bankruptcies last year were linked to private equity: report

Health Care Dive

Another wave of private equity-backed bankruptcies is expected this year, according to the Private Equity Stakeholder Project.

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Bankruptcies among PE-backed healthcare companies spiked in 2023, report finds

Fierce Healthcare

More than a fifth of the healthcare companies that filed for bankruptcy last year were owned by private equity firms, which also have a hand in many healthcare companies teetering on the brink in 2 | Private equity-backed companies represented more than 20% of last year's healthcare bankruptcies, handily outpacing those of the past five years. Further, nearly all of the companies with high credit risk going into 2024 were owned by private equity firms.

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Payer Roundup—Elevance Health acquires New York-based MCO; Sentara Health Plans under investigation

Fierce Healthcare

Below is a roundup of payer-centric news for the week of April 15, 2024. | This week, Elevance Health acquires its competitor in New York, a Virginia health plan is under investigation and the OIG office looks into vertical consolidation.

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Envision Healthcare names permanent CEO

Health Care Dive

Jason Owen took on the leadership role this week, months after the physician staffing firm emerged from bankruptcy restructuring.

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North Carolina treasurer joins FTC's opposition to Novant Health's $320M hospital deal

Fierce Healthcare

The Federal Trade Commission's push to nix Novant Health's $320 purchase of two Community Health Systems hospitals has the official backing of North Carolina Treasurer Dale Folwell. | Allowing the purchase of two Community Health Systems hospitals would force taxpayers and employees "to subsidize the resulting monopolist's profits," North Carolina Treasurer Dale Folwell wrote in a friend of the court brief.

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Must read and watch interviews to set the tone for 2024

Meditech

While conference season provides an excellent opportunity to meet with fellow healthcare leaders in our booth and reconnect with our customers face-to-face, it is also an opportunity to share with the industry what makes MEDITECH Expanse “ The Intelligent EHR Platform ” and to highlight the success of our amazing customer base.

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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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Accenture Federal Services to Acquire Cognosante

HIT Consultant

What You Should Know: – Accenture Federal Services has entered into an agreement to acquire Cognosante , a mission-driven provider of digital transformation and cloud modernization solutions for federal health, defense, intelligence, and civilian agencies. – Founded in 2008 by Michele Kang, Cognosante has grown rapidly to become a trusted provider of innovative technology solutions with its federal government clients, including healthcare programs supporting veterans, active-duty mil

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Modernize Podiatry Medical Billing:  Ensuring Efficient Practice Management and Enhanced Patient Care

Advanced Data Systems

The healthcare industry is notoriously complex, particularly when it comes to medical billing. Podiatry practices, with their unique set of services and patient demographics, face specific challenges that can significantly impact their operational efficiency and financial stability. This comprehensive guide explores the intricacies of podiatry medical billing, the benefits of outsourcing these tasks, and how modern solutions like those provided by Advanced Data Systems (ADS) can transform a prac

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Why BrightStar Care Founder Shelly Sun Handed The Keys Off To A New CEO

Home Health Care

COVID-19 took a lot out of Americans, both personally and professionally. For Shelly Sun, the founder and then-CEO of BrightStar Care, 100-hour work weeks in 2020 and 2021 became commonplace. Sun was no stranger to hard work. She had led her company from a single location home care agency to a nationwide home care franchise brand, after all. But even she had finally reached the point of burnout.

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Pennsylvania Names Ophelia First Virtual-First Opioid Use Disorder Center of Excellence

HIT Consultant

What You Should Know: – Ophelia , a leading provider of virtual care for opioid use disorder (OUD), has been designated as a Center of Excellence (COE) by Pennsylvania’s Department of Human Services. – The milestone achievement makes Ophelia the first statewide and virtual-first COE in the state, offering a critical new access point for Pennsylvanians battling addiction.

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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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Elara Caring Partners With Constant Therapy Health To Drive AI, Time-Saving Solutions

Home Health Care

Elara Caring has teamed up with the digital health company Constant Therapy Health. The partnership will enable Elara Caring to deliver AI-driven speech-language and cognitive therapy across multiple markets. “[The partnership] very much honors our values of exceptional service, innovation and results,” Thomas Southern, administrator of skilled home health at Elara Caring, told Home Health Care News.

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Trilliant Health Joins Databricks Marketplace to Provide Free Access to its National Provider Directory

HIT Consultant

What You Should Know: Trilliant Health , a premier analytics and market research firm in healthcare, has unveiled its entry-level tier of the Provider Directory on Databricks Marketplace. Today, Trilliant Health announced the launch of its Provider Directory’s basic tier on Databricks Marketplace, marking a significant step in healthcare analytics accessibility.

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Why Won't Health Insurance Companies Pay for New Drugs?

The Rand Blog

The FDA is prioritizing listening to patients by approving treatments quickly. So why are health insurers standing in the way?

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COTA & Sanofi Partner to Leverage Real-World Data and AI to Accelerate Cancer Trials

HIT Consultant

What You Should Know: – COTA , a leading real-world data (RWD) and analytics company in oncology, has announced a new collaboration with Sanofi. – The strategic partnership aims to leverage RWD and artificial intelligence (AI) to accelerate clinical trials specifically focused on multiple myeloma, a cancer affecting white blood cells. The findings from this partnership have the potential to significantly impact future clinical trial designs for multiple myeloma.

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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 Could Liquid Biopsy Do for Oncology in the UK and What Is Needed to Realise Its Potential?

The Rand Blog

Liquid biopsy has the potential to provide better and quicker testing for cancer, helping to improve diagnosis and treatment and improving cancer outcomes overall. As potential useful tests emerge, now is the time to consider what is needed to put them into everyday practice across the NHS.

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Ilant Health Secures $5.5M for Value-Based Obesity Management & Cardiometabolic Health

HIT Consultant

What You Should Know: – Ilant Health , a pioneering leader in value-based obesity management and cardiometabolic health solutions, announced today the extension of its seed round of fundraising from $3 million to $5.5 million. – The women-led startup received additional funds from a combination of new health-oriented investors, including funds from LifeX Ventures, Celtic House Asia Partners, and Cornucopian Capital, as well as existing investors reaffirming their commitment to Ilant

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While You Were Sleeping: HHS Releases New Guidance on Sensitive Examinations

HKLaw

The U.S. Department of Health and Human Services (HHS) issued a letter to teaching hospitals and medical schools announcing new guidelines regarding informed consent, focusing on patients under anesthesia.

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Pink eye vs. allergies: know the difference and when to seek help

Healthcare Associates

When your eyes start itching, turning red, or watering, it’s natural to wonder why. Is it pink eye or just allergies? You need to know the difference because it affects how you treat these conditions. Let’s dive into what you need to know, keeping things straightforward. Pink eye, medically known as conjunctivitis, is an inflammation of the thin, clear covering of the white part of the eye and the inside of the eyelids.

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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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Wolters Kluwer Health Unveils AI-Powered Tool to Help Medicare Advantage Plans Ace Risk Adjustment Audits

HIT Consultant

What You Should Know: Wolters Kluwer Health , a leading provider of healthcare information and analytics, has introduced a new weapon in the fight against potential financial penalties for Medicare Advantage Organizations (MAOs) – the Regulatory Audit Module. – The AI-enabled tool leverages artificial intelligence (AI) to streamline the risk adjustment audit process, potentially saving MAOs millions of dollars.

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Healthcare AI News 4/17/24

HIStalk

News Kontakt.io raises $47.5 million in a Series C funding.

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Isospec Analytics Secures $1.9M to Transform Molecular Identification

HIT Consultant

What You Should Know: – When developing new drugs, nutritional products, or pesticides, it’s critical that unknown molecules are identified correctly. But accurate identification is a lengthy process and all too often unsuccessful, leading to failed regulatory processes, or worse, consumer health being put in danger. – Isospec Analytics has raised $1.9M to commercialize new technologies for molecular analysis that rapidly identify unknown molecules in minutes, helping pharmaceuticals

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Morning Headlines 4/18/24

HIStalk

Medicus IT Strengthens Commitment to Community Health Centers through Acquisition.

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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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Solera Health Expands its Curated Network to Help Payers and Employers Address High-Cost Cardiometabolic Disease

HIT Consultant

What You Should Know: – Solera Health , the premier technology platform for connecting people seamlessly and easily to health solutions that work, today announced the latest expansion of the Solera HALO™ platform, a next-generation omni-condition management solution. – The additional solutions enable payers and employers to address high-cost conditions associated with cardiometabolic health – integrating several proven, industry-leading digital health partners.

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Why Gynecology Medical Billing Service?

p3care

Several challenges are faced by billers in the dynamic world of OBGYN/Gynecology medical billing. Keeping physicians out of the dilemma of assisting patients and administrative workflow alongside, P3 Healthcare Solutions facilitates a gynecology medical billing system that minimizes the administrative load to the max. So that, physicians focus more on patients’ health.

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Ideas Worth Pursuing with Scott Nelson | E. 108

Vie Healthcare

Episode Introduction Scott reveals the two signs that an idea has potential, why market trumps everything in innovation, and why leaders should focus on eliminating pain points for their end users. He also advises innovators to connect with potential strategic acquirers at an early stage and explains why leaders of startups shouldn’t put all their eggs in the venture capital basket.

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In the Congo: Applying Research to Issues of Poverty and Servitude

The Rand Blog

The Democratic Republic of the Congo faces a series of seemingly intractable issues that have left much of its population in poverty and servitude to multinational mining interests. International engagement and research could help.

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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.