Wed.Jan 31, 2024

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Cigna inks deal to sell Medicare business to HCSC for $3.7B

Fierce Healthcare

Cigna will sell off its Medicare business to Health Care Service Corporation in a deal valued at $3.7 billion, the company announced Wednesday. | HCSC will acquire Cigna's Medicare Advantage, Part D, supplemental benefits and CareAllies businesses, and the parties expect the deal to close in the first quarter of 2025.

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RFID breakthroughs poised to transform healthcare

Healthcare It News

Early forays into the use of radio frequency identification (RFID) tagging in the healthcare industry were plagued with issues. 1 Despite advances over the past decade and the technology’s power to enhance patient safety and enable greater efficiencies, Andrew Meyer, Director of Global Standards at GS1 US, said many healthcare organizations remain “gun shy” about RFID.

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Payers up against slight decline in 2025 Medicare Advantage payments

Fierce Healthcare

Medicare Advantage (MA) payments are set to decrease yet again in 2025 as the feds phase in significant changes to risk adjustment. | Medicare Advantage payments are set to decrease yet again in 2025 as the feds phase in significant changes to risk adjustment.

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Healthcare should broaden efforts to scale genAI, say IT leaders

Healthcare It News

The Deloitte 2024 Healthcare Generative AI Outlook study released this week takes a closer look at potential blind spots leaders may have as they implement generative artificial intelligence. WHY IT MATTERS In the new report, Deloitte researchers said 70% of the executives surveyed were highly focused on data availability, quality, compliance, security and privacy during implementation, but they "may miss the imperative.

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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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Provider groups, bipartisan lawmakers rally around bills supporting healthcare worker safety, mental well-being

Fierce Healthcare

Provider groups and the legislative allies took to the field this week to drum up more support for bills designed to protect the healthcare workforce’s physical and mental well-being. | While some legislators headed an industry-backed briefing for the SAVE Act, others introduced a reauthorization of the Dr. Lorna Breen Health Care Provider Protection Act.

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Cigna sells Medicare businesses to HCSC for $3.7B

Health Care Dive

With the deal, Cigna is exiting a sector that’s been a huge source of growth for insurers but has seen its earnings potential shrink.

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Healthcare CFOs explore M&A, automation and service line cuts in 2024

Health Care Dive

Companies grappling with liquidity concerns are looking to trim costs and streamline operations, according to a new survey.

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How one triage center delivers more culturally sensitive mental health and addiction care

Healthcare It News

In the face of high addiction rates, mounting mental health crises, and daily reports of overdoses and suicides in the United States, a community triage center in Sioux Falls, South Dakota, has come up with a novel care approach that can be replicated around the world. The center, called The Link, provides 24/7 care and support for individuals struggling with mental health crises and addiction, with a patient population disproportionately represented by Native Americans and people of color.

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CHS migrates to Google Cloud data platform, adopts generative AI tools

Health Care Dive

The for-profit hospital operator said it will use the artificial intelligence in operations tracking, clinical documentation and administrative tasks.

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Federal prison system gets help with opioid use disorder

Healthcare It News

The Federal Bureau of Prisons is working with Bicycle Health to give individuals released from prison continued access to monthly injections of buprenorphine for opioid use disorder. Bicycle Health CEO Ankit Gupta offers a deep dive.

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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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Integrated provider Accompany Health launches for low-income patients with $56M funding

Fierce Healthcare

A new hybrid provider focused on low-income patients with complex needs has launched in Detroit. | Accompany Health, a primary, behavioral and social care provider, launches with $56 million in series A funding. It currently serves 8,000 patients in Detroit in partnership with a major national payer.

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New CMS pilot to test payment scheme for pricey sickle cell gene therapies

Health Care Dive

The CMS innovation center will coordinate insurance coverage across states to help patients access new treatments with multi-million-dollar price tags.

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Cardinal Health acquiring Specialty Networks to expand tech offerings for independent practices

Fierce Healthcare

Healthcare product distributor and data analytics services company Cardinal Health has announced $1.2 billion cash deal to acquire Specialty Networks, which the former said will help expand across | The $1.2 billion cash deal will give Cardinal Health access to Specialty Networks' PPS Analytics platform, which combines real-world data and AI to deliver actionable insights for specialty practices.

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Humana plots CenterWell expansion in 2024

Health Care Dive

The payer is leveraging CenterWell’s growing network of primary care centers for seniors to boost margins in its hard-pressed Medicare Advantage business.

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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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What Home Health Providers Need To Know About CMS’ Medicare Enrollment Changes

Home Health Care

The Medicare enrollment process undergoes annual changes at the Centers for Medicare & Medicaid Services (CMS) to ensure it remains up to date with evolving regulations, policies and health care practices. A number of changes went into effect on Jan. 1, and several of them will affect home health agencies. Here’s what home health agencies should know about those changes.

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FDA extends deadline for comments on role of digital health in diabetes detection

Health Care Dive

The agency is seeking answers on how digital health technologies could be used in the detection of prediabetes and Type 2 diabetes.

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Inside Health Care #124: Targeting Health Equity Gaps with Digital Tools

NCQA

The course of the Digitalization of Health doesn’t always run smooth. But for every set of pain points a provider might experience, there are companies developing technological solutions – platforms and tools – that not only guide us through digital transformation but identify crucial patient and population data along the way. In this episode, we talk with two health tech leaders, interviewed during NCQA’s 2023 Health Innovation Summit in Orlando, Florida, about their strategies and successes in

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Emirates Health Services Unveils AI-Powered Virtual Nurse, Generative AI-based Symptom Diagnosis

HIT Consultant

What You Should Know: – Emirates Health Services (EHS) announced several innovative initiatives at Arab Health 2024 ranging from AI-powered virtual nurse, generative AI triage, and data insights using 3M’s clinical risk groups. – These initiatives represent a significant leap forward for healthcare in the UAE and beyond to enhance patient experience, improve healthcare efficiency, and advance medical knowledge.

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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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As Home Care Billing Rates Rise, Client Retention Becomes A Larger Priority For Providers

Home Health Care

This article is a part of your HHCN+ Membership As the cost for home care rises, some providers are finding that clients have more of a zero-tolerance policy when it comes to mistakes or mishaps in care delivery or care planning. With the stakes for client satisfaction arguably higher than ever, leaders of home care companies are leaning into client retention strategies.

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Elevating Healthcare Through Risk Stratification: Lessons from North Carolina’s Value-Based Initiatives

HIT Consultant

Kevin Riley, CEO and President, Zyter|TruCare Sheena Ming, Clinical Success Consultant at Zyter|TruCare As the healthcare landscape continues to evolve, there’s a clear trend towards value-based care (VBC). This significant shift, which places a premium on patient health outcomes, diverges from the traditional fee-for-service approach. The aftermath of the COVID-19 pandemic has mainly catalyzed the adoption of VBC models, highlighting the importance of care quality and effectiveness rather

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The Psychedelics Industry: Psychedelic Evangelism in Second Wave Research

Bill Of Health

By Patric Plesa As interest in psychedelics research and popular psychedelics culture resurges, it is becoming progressively more difficult to discern facts from fantasy. As an academic with expertise in psychology, I too share in the growing enthusiasm for psychedelics research, especially toward therapeutic ends. But I believe a critical perspective, characterized by open science practices and critical theoretical lenses, is indispensable if this field is to avoid the errors of the past and th

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ECRI Unveils Top 10 Health Technology Hazards for 2024

HIT Consultant

What You Should Know: – ECRI , an independent healthcare safety organization, has released its annual Top 10 Health Technology Hazards list for 2024 , highlighting critical safety concerns for healthcare providers and the medical device industry. – This year’s list focuses on a diverse range of issues, from usability challenges of home medical devices to environmental impacts of patient care and the dangers of ransomware attacks.

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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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Trust or bust: Healing healthcare's credibility crisis

Nordic

A recent opinion piece in Modern Healthcare really resonated with me. Written by Drs. Maria Ansari and Ramin Davidoff, co-CEOs of The Permanente Federation, the article focuses on the serious loss of public trust in the U.S. healthcare system which was exacerbated by the COVID-19 pandemic. They quote a recent Gallup poll that found that only 34% of Americans say they trust the medical system, down a full 10 percentage points from the same summer period in 2021.

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23andMe Scores FDA Clearance for Novel Cancer Immunotherapy Targeting NK Cells

HIT Consultant

What You Should Know: – 23andMe Holding Co. (Nasdaq: ME), a genetics and biopharmaceutical company, announced The U.S. Food and Drug Administration (FDA) has cleared the investigational new drug (IND) application for 23ME-01473 (referred to as ‘1473), paving the way for the first human clinical trial of this promising new therapy. – With FDA clearance secured, 23andMe plans to initiate a Phase 1 clinical trial in the first half of 2024.

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Healthcare AI News 1/31/24

HIStalk

News Oracle announces a generative AI service that supports text.

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Fabric Acquires Conversational AI Care Assistant GYANT

HIT Consultant

What You Should Know: – Fabric , a leader in healthcare experience optimization, has announced the strategic acquisition of GYANT , a company specializing in conversational AI care assistants and patient engagement suites. – The acquisition of GYANT positions Fabric as a leading force in the digital transformation of healthcare. Their comprehensive suite of solutions is already attracting progressive healthcare providers and innovators, like OSF Healthcare, who are looking to reimagi

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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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AccentCare Appoints New Chief Medical Officer; Modivcare Names 2 C-Suite Leaders

Home Health Care

AccentCare’s new CMO AccentCare has promoted Dr. Balu Natarajan to the roles of executive vice president and chief medical officer (CMO), effective immediately. “In his almost two decades with our company, Dr. Natarajan has been an invaluable asset to our team, demonstrating exceptional leadership and medical expertise,” AccentCare CEO Laura Tortorella said in a statement.

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Community Health Systems Leverages Google Cloud’s Generative AI for Data Insights, Clinical Documentation

HIT Consultant

What You Should Know: – Community Health Systems (CHS), a healthcare provider with 71 hospitals across 15 states announced the successful deployment of its clinical data to a secure, Fast Healthcare Interoperability Resources (FHIR)-based platform on Google Cloud. – The deployment, coupled with the planned implementation of generative AI (gen AI) technologies, marks a significant step towards streamlining operations, improving patient care, and empowering healthcare professionals.

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Beyond adaptation and resilience: A call for health-care transformation

Healthy Debate

The post Beyond adaptation and resilience: A call for health-care transformation appeared first on Healthy Debate.

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Peloton Equity Invests in OnPoint Healthcare to Combat Physician Burnout with AI

HIT Consultant

What You Should Know: – Peloton Equity, a private equity firm focused on healthcare growth companies, announced a significant investment in OnPoint Healthcare Partners , a leader in AI-powered solutions for reducing physician burnout and improving administrative efficiencies. – This partnership aims to empower OnPoint to accelerate its growth and impact on healthcare delivery.

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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.