Bonus Features – April 2, 2023 – 63% of nurses say AI will cause a generational divide among nursing staff, 67% of consumers prefer electronic medical bills but 78% of providers still use paper, and more
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Because there’s so much happening out there in healthcare IT we aren’t able to cover in our full articles, we still want to make sure you’re informed of all the latest news, announcements, and stories happening to help you better do your job.
In this week’s edition, one story is, let’s just say, a little foolish. It is the beginning of April, after all.
News and Research
The American Telemedicine Association’s ATA Action submitted two letters to the...
Source: EMR and HIPAA - April 2, 2023 Category: Information Technology Authors: Brian Eastwood Tags: Healthcare IT AdvancedMD American Telemedicine Association ATA Atropos Health AVIA Censinet Censinet One CenTrak ChristianaCare DEA Dot2Dot DrFirst eClinicalWorks eCW Health Recovery Solutions Healthcare IT Today Bonus Feat Source Type: blogs
Generative AI Takes On Administrative Burdens
One of the most frustrating burdens on health care workers today is the drag of administrative tasks. New AI technologies that interpret and generate natural human speech (illustrated most famously in ChatGPT) can remove more of the burden of such tasks. According to Stead Burwell, co-founder and CEO of Outbound AI, a well-tuned AI agent can do many tasks at 50-80% the cost of human workers.
Unlike some industries where knowledge workers face a realistic fear of being replaced, health care workers can welcome the new AI. First, as co-founder and CTO Jonathan Wiggs says, their systems work with health care staff instead of ...
Source: EMR and HIPAA - March 29, 2023 Category: Information Technology Authors: Andy Oram Tags: Administration AI/Machine Learning C-Suite Leadership Health IT Company Healthcare IT Hospital - Health System Revenue Cycle Management ChatGPT Generative AI Healthcare Administrative Burden Healthcare Automation Healthcare IT Video Source Type: blogs
The New Deal and Recovery, Part 27: Deposit Insurance
ConclusionPart 27: Deposit Insurance_____________________[1] To this list we might add a fourth item, noted by Golembe in a subsequentinterview, to wit: that the deposit " insurance " provided for by the 1933 Banking Act wasn ' t really insurance at all. Unlike genuine insurance policies, it covers depositors for losses regardless of whether the losses were due to recklessness on their or their banks ' part. And unlike genuine insurance funds, the FDIC ' s insurance " fund " is an accounting fiction, the truth being that the " premiums " it collects from banks go into the federal government ' s general coffers. " The gover...
Source: Cato-at-liberty - March 28, 2023 Category: American Health Authors: George Selgin Source Type: blogs
SpectrumAi Secures up to $20M Series A Investment
CVS Health Ventures leads with Cobalt Ventures, F-Prime, Frist Cressey, and Autism Impact Fund
SpectrumAi, a company developing innovative solutions to improve autism care, today announced that it closed up to $20 million in Series A funding led by CVS Health Ventures with participation from Cobalt Ventures, and follow-on investments from Seed investors F-Prime, Frist Cressey, and Autism Impact Fund. Financing will accelerate adoption of SpectrumAi’s applied behavior analysis (ABA) electronic health record, Twyll, and Patterns, its network analytics platform, that are designed to improve data capture and objective measur...
Source: EMR and HIPAA - March 28, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT ABA Applied Behavior Analysis Autism Autism Impact Fund Carl Byers Cobalt Ventures CVS Health Ventures David Eichler EHR F-Prime Frist Cressey Health IT Funding Health IT Fundings Health IT Inv Source Type: blogs
Telehealth Startup OpenLoop Raises $15 Million to Streamline Virtual Care Delivery
Company launches the first-of-its-kind comprehensive nationwide payer coverage network, offering clients everything they need from first visit to final payment
OpenLoop, a leader in white-label telehealth support services powering virtual and hybrid care across the country, today announced it has raised a $15M Series A funding. The round was led by Nava Ventures, with participation from new investors UnityPoint Health Ventures and PrimeTime Ventures, and existing investors SpringTide Ventures and ManchesterStory. The company also announced a new nationwide insurance payer network that allows clients to offer reimbursable s...
Source: EMR and HIPAA - March 27, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Telemedicine and Remote Monitoring API CAGR Christian Williams Dr. Jon Lensing Freddie Martignetti Health IT Funding Health IT Fundings Health IT Investment HIPAA Hybrid Care ManchesterStory Medi Source Type: blogs
Bonus Features – March 26, 2023 – Epic sees “ tremendous potential ” for GPT, more than 90% of patients want self-scheduling, and more
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Because there’s so much happening out there in healthcare IT we aren’t able to cover in our full articles, we still want to make sure you’re informed of all the latest news, announcements, and stories happening to help you better do your job.
News
In a Microsoft press release announcing the availability of GPT-4 in Azure OpenAI Service, Epic’s Seth Hain, Senior Vice President of Research and Development, said the EHR vendor sees “tremendous potential̶...
Source: EMR and HIPAA - March 26, 2023 Category: Information Technology Authors: Brian Eastwood Tags: AI/Machine Learning Healthcare IT Advata Amwell athenahealth Atropos Health Barbara Allen Bill Scott Boston University Caregility Carenet Health Carium Carnegie Mellon University Castle Connolly Top Doctors ChatGPT CHG Health Source Type: blogs
Weekly Roundup – March 25, 2023
Welcome to our Healthcare IT Today Weekly Roundup. Each week, we’ll be providing a look back at the articles we posted and why they’re important to the healthcare IT community. We hope this gives you a chance to catch up on anything you may have missed during the week.
The Ever-Evolving World of Cybersecurity Threats. We reached out to the Healthcare IT Today community to learn about how healthcare cyberattacks have been getting more sophisticated. The experts said the keys to modern cybersecurity including managing assets, access, networks, infrastructure, and data, along with continuous threat monitoring and tried-an...
Source: EMR and HIPAA - March 25, 2023 Category: Information Technology Authors: Brian Eastwood Tags: Healthcare IT Healthcare IT Today Weekly Roundup Source Type: blogs
Taking Social Determinants of Health (SDoH) From Data to Analysis and Action
The following is a guest article by Diana Zuskov, MPH, Associate Vice President of Healthcare Strategy at LexisNexis® Risk Solutions.
SDoH Success Stories to Inspire Adoption and Action in Your Organization
Healthcare organizations are spending significant resources – time, money, and human capital – to address social determinants of health (SDoH) and health equity. Effective execution requires going upstream of the programming itself to understand the social determinants of a population.
According to Data Bridge Market Research, the U.S. SDoH market is growing with a compound annual growth rate (CAGR) of 22.9% betw...
Source: EMR and HIPAA - March 24, 2023 Category: Information Technology Authors: Guest Author Tags: Analytics/Big Data C-Suite Leadership Health IT Company Healthcare IT Hospital - Health System Interoperability Clinical Data Data Action Data Analysis Diana Zuskov EHR Electronic Health Records Health Gorilla Health Gorilla’s Source Type: blogs
Bursting the Bubble of Over-Inflated U.S. Insulin Prices Still Leaves Behind a Very Broken U.S. Prescription Drug " Market "
This report pulls back the curtain on the drivers of spiking prices. It ' s a perfect example of why we ought to continue pushing for bipartisan legislation and oversight to address this problem. " " This investigation makes clear that consumers are the only ones losing out in America ' s broken drug pricing system, since every part of the pharmaceutical supply chain benefits from higher list prices. Insulin manufacturers lit the fuse on skyrocketing prices by matching each other ’s price increases step for step rather than competing to lower them, while PBM ' s, acting as middlemen for insurers, fanned the flames t...
Source: Scott's Web Log - March 22, 2023 Category: Endocrinology Tags: 2023 insulin prices PBM USC Source Type: blogs
Bardavon Health Innovations Offering First-of-its-Kind Safety Intelligence Suite to Protect the Labor Workforce
Bardavon has acquired the injury prevention company, Preventure, to expand its service line focused on personalized solutions that protect against musculoskeletal injuries
Bardavon Health Innovations is furthering their mission of supporting the health and mobility of every worker – everywhere, by launching a complete Safety Intelligence Suite for employers and insurers. By expanding Bardavon’s continuum of care to cover injury prevention in the workplace, employers can now take advantage of a complete, end-to-end musculoskeletal solution.
Over the last 10 years, an average of 30.1% of all injury types involving days...
Source: EMR and HIPAA - March 21, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT AI Artificial Intelligence Bardavon Bardavon Health Innovations Health IT Acquisitions Healthcare M&A Labor Workforce Matt Condon MSD Musculoskeletal Care Musculoskeletal Injuries Preventure Safe Source Type: blogs
The New Deal and Recovery, Part 25: The RFC, Continued
George Selgin(This is the second installment of a three-part essay. The first part ishere.)Big Engines that Couldn ' tAlthough Hoover ' s Reconstruction Finance Corporation (RFC) was " more largely a banker ' s loan bank than anything else " (Ebersole 1933, 477), financial institutions were never the only firms eligible for its support. Railroads were an important exception from the start, though they were so mainly because financial institutions, commercial banks, and insurance companies especially, were railroads ' main investors. Thanks to New York and other state regulatory authorities ' inclusion of many railroad bond...
Source: Cato-at-liberty - March 20, 2023 Category: American Health Authors: George Selgin Source Type: blogs
Bonus Features – March 19, 2023 – Info for 81% of physicians is inconsistent in major health plan provider directories, 48% of health systems using AI for workforce management, and more
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Because there’s so much happening out there in healthcare IT we aren’t able to cover in our full articles, we still want to make sure you’re informed of all the latest news, announcements, and stories happening to help you better do your job.
News and Research
A paper from the University of Colorado School of Medicine and HiLabs found inconsistencies for 81% of physicians examined across 5 large national health insurers. Along with the challenge of inaccuracy, resea...
Source: EMR and HIPAA - March 19, 2023 Category: Information Technology Authors: Brian Eastwood Tags: AI/Machine Learning Ambulatory Analytics/Big Data Health IT Company Healthcare IT Hospital - Health System ADP Amazon AWS Avaneer Health Basset Healthcare Network Brightside Health Bristol Advanced Illness Management Caribou REward Source Type: blogs
Podcast Episode Recommendation: Our Curious Amalgam Podcast Episode 212
My followers may be forgiven for their lack of awareness, but on October 23, 2022, the man who lead the PBM known as Express Scripts (owned by commercial healthcare insurance company Cigna since 2018) named George Paz died at relatively young age of 67. Mr. Paz began at Express Scripts in 1998 as CFO. By 2003, he was president and by 2005, CEO. Paz retired as CEO in 2016, although he remained chairman until Express Scripts was acquired by Cigna in December 2018. The local newspaper, theSt. Louis Post-Dispatch published his obituaryHERE). While he was an admired business leader in St. Louis, one of the things his comp...
Source: Scott's Web Log - March 16, 2023 Category: Endocrinology Tags: 2023 episode Express Scripts George Paz PBM podcast USC Source Type: blogs
How to Improve Customer Experience in Healthcare with AI
Conclusion
The healthcare industry is based on the fundamental assumption that all humans are entitled to medical care. However, your business still needs to operate efficiently and cost-effectively. The advancement of AI and machine learning give healthcare organizations the potential to modernize in ways that drive business efficiency, with a human touch.
Exceptional customer experience has become a key competitive advantage in healthcare that can greatly benefit from the adoption of AI/ML. Healthcare organizations should act quickly to enhance the customer journey with AI.
This article explores certain challenges faced ...
Source: EMR and HIPAA - March 16, 2023 Category: Information Technology Authors: Guest Author Tags: Administration AI/Machine Learning Communication and Patient Experience Health IT Company Healthcare IT Hospital - Health System AI Use Cases Artificial Intelligence customer experience Customer Experience Challenges Customer Experienc Source Type: blogs
The Insulin-PBM Rebate Kickback Scheme Appears to Coming to an End
Last year, on March 3, 2022, in what I believe was a fantastic accomplishment relatively early in Aaron Kowalski ' s tenure as CEO, the JDRF and Civica, Inc. (via the company ' s CivicaScript operating unit) jointly announced Civica ' s intention to commercialize biosimilars of the three bestselling insulin analogues at an affordable price of $30/vial or $55/box of five insulin pens. The Civica press release can be seen athttps://www.businesswire.com/news/home/20220303005321/en/Civica-to-Manufacture-and-Distribute-Affordable-Insulin/ and a concurrent press release from JDRF can be seen athttps://www.prnewswire.com/news-rel...
Source: Scott's Web Log - March 14, 2023 Category: Endocrinology Tags: Eli Lilly and Company 2023 Civica CivicaRx CivicaScript drug prices FTC insulin insulin prices JDRF Novo Nordisk Novo Nordisk Pharma Source Type: blogs
