Bonus Features – March 17, 2024 – 65% of nurses think AI will negatively impact healthcare, 14% of EHRs have known cybersecurity vulnerabilities, plus 24 more stories
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
CHIME provided some clarity on the Smart Hospital Maturity Model initiative, noting it’s meant to “complement and enhance” the existing Digital Health Most Wired Program. The organization also announced C...
Source: EMR and HIPAA - March 17, 2024 Category: Information Technology Authors: Brian Eastwood Tags: Healthcare IT Akasa Apixio Availity Avalon Healthcare Solutions CenTrak CharmHealth CHIME Christina Rassi Claim.MD Claroty ECRI Institute Encoda Epic Research Evry Health Healthcare IT Today Bonus Features HealtheLink HIM Source Type: blogs
9amHealth Raises $9.5M Series A Extension Led by The Cigna Group Ventures to Expand to Employers Nationwide
After Being Selected by Leading PBMs, Benefits Navigators, and Health Plans as the Virtual Cardiometabolic Provider of Choice, 9amHealth Increases the Round’s Total to $25M
9amHealth, the leading virtual provider for cardiometabolic health, announced it has raised $9.5 million in a Series A extension round today. The financing round was led by The Cigna Group Ventures, with additional support from existing institutional investors, including 7Wire Ventures, Define Ventures, Leaps by Bayer, and Founders Fund.
A recent survey conducted by 9amHealth found that 48% of Americans are on or want to be on a GLP-1 medicati...
Source: EMR and HIPAA - March 15, 2024 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT 7Wire Ventures 9amHealth Craig Cimini Define Ventures Founders Fund Frank Westermann Health IT Funding Health IT Fundings Health IT Investment Leaps by Bayer The Cigna Group Ventures Source Type: blogs
Wait Till Health Care Tries Dynamic Pricing
By KIM BELLARD
Nice try, Wendy’s. During an earnings call last month, President and CEO Kirk Tanner outlined the company’s plan to try a new form of pricing: “Beginning as early as 2025, we will begin testing more enhanced features like dynamic pricing and day-part offerings along with AI-enabled menu changes and suggestive selling.”
None of the analysts on the call questioned the statement, but the backlash from the public was immediate — and quite negative. As Reuters described it: “the burger chain was scorched on social media sites.”
Less than two weeks later Wendy’s backtracked – e...
Source: The Health Care Blog - March 12, 2024 Category: Consumer Health News Authors: matthew holt Tags: The Business of Health Care Kim Bellard pricing Private equity Wendy's Source Type: blogs
Navigating Cyber Threats: Cost-Effective Cybersecurity for Healthtech
Conclusion
Understanding and managing the nuances of cyber insurance costs have become top-of-mind for healthtech leaders. As insurers shift from reactive to proactive, requiring prior qualifications before binding policies, healthtech leaders must follow suit. A proactive approach to cost-effective cybersecurity is key. Let’s embrace these strategies together, fortifying our defenses and ensuring a safer future for the healthtech industry.
About Justin Kozak
Justin Kozak is the Executive VP at Founder Shield, a tech-enabled commercial insurance brokerage. He leads the Life Sciences practice, having 10+ years of expe...
Source: EMR and HIPAA - March 11, 2024 Category: Information Technology Authors: Guest Author Tags: Ambulatory C-Suite Leadership Health IT Company Healthcare IT Hospital - Health System LTPAC Security and Privacy Cost Effective Cybersecurity Cyber Insurance Cyber Threats Founder Shield Healthcare Cyber Insurance Healthcare Cyber Source Type: blogs
Bonus Features – March 10, 2024 – Only 36% of CEOs have assessed how to govern the risks of AI, Emory Healthcare is deploying Epic on MacBook Air, plus 27 more stories
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
The Biden Cancer Moonshot is advancing a recommended minimum set of key cancer-related data elements under USCDI+ Cancer, a subset of United States Core Data for Interoperability.
Atlanta’s Emory Healthcare is deploy...
Source: EMR and HIPAA - March 10, 2024 Category: Information Technology Authors: Brian Eastwood Tags: Healthcare IT Alayacare Amwell Apple Vision Pro Cancer Moonshot CCS CHG Healthcare ClearDATA Dr. Geeta Nayyar Emory Healthcare Epic Hyperspace Ernst & Young eXeX Experis FDB FertilAI Google Cloud Healthcare IT Today Bonus Source Type: blogs
Is It Worth Buying Dexcom CGM Sensors from Best Buy Health? The only way to know with certainty is to do the math!
Last autumn, on October 9, 2023, the electronics retailer Best Buy announced (seehttps://www.businesswire.com/news/home/20231009526652/en/Best-Buy-to-Sell-Continuous-Glucose-Monitoring-Systems/ for the press release) that it had started a mail order business called "Best Buy Health"https://wellness.bestbuyhealth.com/ which it said would sell CGM sensors among other products. Best Buy Health aims to sell more than just CGM sensors. Its LinkedIn page https://www.linkedin.com/company/best-buy-health/ describes the business this way:" Best Buy Health aims to enrich and save lives through technology and meaningful connections. ...
Source: Scott's Web Log - March 9, 2024 Category: Endocrinology Tags: 2023 2024 Best Buy Best Buy Health Costco Source Type: blogs
Monopoly Money
First, let me acknowledge Chuck ' s comment on the previous Economics 101 post. I ' m going to get to public goods, it ' s extremely important, but I figured I ' d push it down the list because it ' s easier to deal with the rest of the assumptions first. (To put it formally, the ones having to do with public goods are that all good are non-exclusive and non-rivalrous, and also that there are no positive externalities. I will explain anon.)Today, I ' m going to deal with the Many sellers, Many buyers assumption. It ' s obviously impossible even for Milton Friedman to bamboozle people into thinking that this is somehow a na...
Source: Stayin' Alive - March 8, 2024 Category: American Health Source Type: blogs
Fee-For-Service: Predominant, Winning & Stupid
By MATTHEW HOLT
In recent days and weeks, there have been three stories that have really brought home to me the inanity of how we run our health care system. Spoiler alert, they have the commonality that they all are made problematic by payment per individual transaction—better known as fee-for-service.
First, several health insurers who sold their reputation to Wall Street as being wizards at understanding how doctors and patients behave had the curtain pulled back to reveal the man pulling the levers was missing a dashboard or dial or three. It happened to United, Humana and more, but I’ll focus on Agilon becau...
Source: The Health Care Blog - March 4, 2024 Category: Consumer Health News Authors: matthew holt Tags: Health Policy Matthew Holt Change Healthcare Colorado fee for service Humana UCHealth United HealthGroup Source Type: blogs
What Does Virtual First Mean In Healthcare?
In recent years, the term “virtual first” has been gaining traction in the healthcare space. Health insurance companies have been adopting such approaches and there’s even the IMPACT consortium from the Digital Medicine Society that was formed to support virtual first initiatives.
However, the novelty of the concept and similarities with terms such as “telehealth” or “virtual visits” indicate the need for a proper introduction. This is what we aim to do with this article that gets us acquainted with the concept, compares it with other similar approaches and considers some of its challenges.
What i...
Source: The Medical Futurist - February 29, 2024 Category: Information Technology Authors: Pranavsingh Dhunnoo Tags: TMF virtual-first healthcare virtual first hybrid care Source Type: blogs
Bonus Features – February 25, 2024 – 73% of digital health vendors use FHIR APIs, 83% of clinicians think telemedicine is good for chronic condition management, plus 28 more stories
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
U.S. Reps Mike Kelly (R-PA) and Bill Foster (D-IL) introduced the Patient Matching and Transparency in Certified Health IT (MATCH IT) Act of 2024, which would standardize the way demographic information is entered into cer...
Source: EMR and HIPAA - February 25, 2024 Category: Information Technology Authors: Brian Eastwood Tags: Healthcare IT Accenture Authenticx Availity AXYS Biofourmis Brightside Health Dandelion Health Digital Health Collaborative Edifecs EHR Association Experity FHIR API Healthcare IT Today Bonus Features Healthcare Legislation H Source Type: blogs
Three Ways AI is Preventing Revenue Leakage
The following is a guest article by Dan Parsons, Co-Founder and CPO at Thoughtful
Revenue leakage poses a significant challenge to healthcare providers, and the traditional methods used to mitigate these losses are becoming increasingly difficult to scale.
Healthcare providers need an adaptable and scalable solution to address these issues permanently. RCM automation, powered by artificial intelligence, can achieve this – saving considerable time and adding millions of dollars to the bottom line. Additionally, automation simplifies adaptation to the evolving payer landscape for healthcare providers.
Andreessen Horowitz p...
Source: EMR and HIPAA - February 23, 2024 Category: Information Technology Authors: Guest Author Tags: Administration AI/Machine Learning Health IT Company Healthcare IT Hospital - Health System Revenue Cycle Management a16z Andreessen Horowitz Automation Claims Processing CPT Dan Parsons KaufmanHall ProPublica RCM Revenue Lea Source Type: blogs
Hoovering up the cash
I think I might have shown this before. It ' s spending on " healthcare, " i.e. medical services and goods in the U.S., as a percent of GDP. It leveled off for a while after passage of the ACA, but it ' s going back up: All that moolah isn ' t buying us better health though. We ' re spending twice as much as comparable countries and getting the least for it: Naturally, all that cash is going mostly to one place: capitalists.Recent
decades have seen one overarching trend: consolidation of the medical industry into fewer and larger entities.•Horizontal
consolidation: similar institutions merge into chains. ...
Source: Stayin' Alive - February 22, 2024 Category: American Health Source Type: blogs
So what can we do about health care costs?
By MATTHEW HOLT
Last week Jeff Goldsmith wrote a great article in part explaining why health care costs in the US went up so much between 1965 and 2010. He also pointed out that health care has been the same portion of GDP for more than a decade (although we haven’t had a major recession in that time other than the Covid 2020 blip when it went up to 19%). However, it’s worth remembering that we are spending 17.3% of GDP while the other main OECD countries are spending 11-12%. Now it’s true that the US has lots of social problems that show up in heath spending and also that those other countries probably spend ...
Source: The Health Care Blog - February 20, 2024 Category: Consumer Health News Authors: matthew holt Tags: Health Policy Matthew Holt Buzz Cooper Datmouth health spending Jeff Goldsmith John Wennberg Medicare Price controls Source Type: blogs
Why Not, Indeed?
By KIM BELLARD
Recently in The Washington Post, author Daniel Pink initiated a series of columns he and WaPo are calling “Why Not?” He believes “American imagination needs an imagination shot.” As he describes the plan for the columns: “In each installment, I’ll offer a single idea — bold, surprising, maybe a bit jarring — for improving our country, our organizations or our lives.”
I love it. I’m all in. I’m a “why not?” guy from way back, particularly when it comes to health care.
Mr. Pink describes three core values (in the interest of space, I’m excerpting his descriptions):
Curi...
Source: The Health Care Blog - February 14, 2024 Category: Consumer Health News Authors: matthew holt Tags: Health Policy Adam Nagourney Daniel Pink Kim Bellard Why Not Source Type: blogs
Medicare Is Now Profitable as a Total Program Because of Medicare Advantage
By GEORGE HALVORSON
Medicare made $83.4 billion very real dollars in 2022. The 17% discounts below the average cost of fee-for-service Medicare, that happen in every county for Medicare Advantage, have been very real and extremely successful in paying for Medicare coverage — in a way that now makes the program a profit center for the US Government.
You can see the actual financial report page from the 2023 Medicare trustee report below. It shows that the Medicare trust fund grew in 2022 for the first time in decades. More than half of the Medicare members are now enrolled in Medicare Advantage plans. Those members ...
Source: The Health Care Blog - February 7, 2024 Category: Consumer Health News Authors: matthew holt Tags: Health Policy George Halvorson Medicare Advantage Medicare Trustees report Source Type: blogs
