HealthSnap Raises $9 Million Series A for Continued Growth of Remote Patient Monitoring and Chronic Care Management Platform
The Investment, Led by Asclepius Growth Capital and Leading Health System Partners, will Enable Care Teams to Empower Patients with a More Personalized Remote-Care Experience
HealthSnap, a Miami-based virtual care management platform for chronic disease management, today announced a new round of financing totaling $9 million. The round was led by Asclepius Growth Capital, an SPV founded by David Jahns, a managing director of Galen Partners, and Steve Cashman, CEO at Caption Health and former CCO at InTouch Health, as well as new strategic investments from current business partners UnityPoint Health and Tampa General H...
Source: EMR and HIPAA - June 2, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Asclepius Growth Capital Caption Health CCM Chronic Disease Management David Jahns Florida Funders Galen Partners Health IT Funding Health IT Fundings Health IT Investment HealthSnap InTouch Health Source Type: blogs
What Can We Learn from the Envision Bankruptcy?
This study ignited a firestorm of press criticism and was followed by an aggressive lobbying and PR campaign funded by United and other large commercial payers aimed at restricting balance billing by firms like Envision.
This campaign culminated in the Dec 2020 Congressional passage of the No Surprises Act, which effectively ended balance billing and subjected thousands of Envision’s out-of-network bills to an arbitration process. NSA went into effect in January 2022. Ironically, days prior to its Chapter 11 filing, Envision won a $91 million judgment from an arbitration panel against United fo...
Source: The Health Care Blog - May 24, 2023 Category: Consumer Health News Authors: matthew holt Tags: The Business of Health Care Envision HCA Jeff Goldsmith Private equity Sound Physicians Tenet United HealthGroup Source Type: blogs
Adapting to health care ’ s financial maze: Anesthesiologists tackle AI, competition, and soaring costs
In the health care business, as in other industries, there are marginalized and privileged payers. The number of patients covered determines which health care payers can sell at wholesale pricing, benefiting themselves while expecting providers and institutions to make up for lower reimbursements with patient volume. Uninsured patients typically pay retail prices unless they can
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Adapting to health care’s financial maze: Anesthesiologists tackle AI, competition, and soaring costs originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - May 17, 2023 Category: General Medicine Authors: Deepak Gupta, MD Tags: Physician Anesthesiology Source Type: blogs
Centene Corporation Signs Definitive Agreement to Divest Apixio to New Mountain Capital
Centene Corporation announced today that it has signed a definitive agreement to sell Apixio, a leading artificial intelligence platform that enables value-based care, to New Mountain Capital, a growth-oriented investment firm with more than $37 billion in assets under management. Centene acquired Apixio in December 2020.
Apixio improves administrative, clinical and financial outcomes for some of the nation’s leading health plans and provider groups using its proprietary clinical data curation and artificial intelligence engine. With a patented data science infrastructure, Apixio analyzes structured and unstructure...
Source: EMR and HIPAA - May 15, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT AI Apixio Bass Berry & Sims PLC Centene Centene Corporation Clinical Data Health IT Acquisitions Healthcare M&A J.P. Morgan Securities LLC Matt Holt New Mountain Capital Ropes & Gray LLP Sarah M. Source Type: blogs
Congress Should Protect Americans by Ignoring the FDIC ’s “Reform” Options
Norbert MichelIn the wake of the March 2023 failures of Silicon Valley Bank (SVB) and Signature Bank, federal agencies released a flurry of reports on April 28. The Federal Reserve (Fed), the Government Accountability Office (GAO), and the Federal Deposit Insurance Corporation (FDIC) each released their own reports to explain what happened.Just days later, the FDIC releasedanother report. It was unsolicited, but it offered Congress multiple options for reforming federal deposit insurance.In a previous Cato at Libertypost, I discussed the Fed and GAO reports. Today’s post focuses on the two FDIC reports. (I’ll hav...
Source: Cato-at-liberty - May 11, 2023 Category: American Health Authors: Norbert Michel Source Type: blogs
How Technology Can Help Us Achieve Health Equity
There has been an incredible rise in technological advancements in the world of healthcare recently due to our sudden need for everything to be digital when COVID hit. While the cases of COVID have gone down and we’ve settled into a new normal, that isn’t the only crisis that we need a tech fix too. We need to start searching for how we can use technology, new or old, to fix health inequality and discrimination.
We reached out to our beautiful Healthcare IT Today Community to get their insights on the role technology can play in working towards health equity. The following is what they had to say and be sure to...
Source: EMR and HIPAA - May 5, 2023 Category: Information Technology Authors: John Lynn Tags: C-Suite Leadership Communication and Patient Experience Health IT Company Healthcare IT Hospital - Health System IT Infrastructure and Dev Ops Regulations Alex Rothberg Andrew Kobylinski Ben Zaniello MD Bronwyn Spira Cardio Diagnosti Source Type: blogs
Leveraging Data to Reduce Member Churn, Maintain Access to Care, and Avoid Care Gaps as a Result of the Medicaid Redetermination Process
The following is a guest article by Ashley Perry, MPH, Chief Strategy and Solutions Officer at Socially Determined
When Congress passed the Consolidated Appropriations Act of 2023, it decoupled the Public Health Emergency (PHE) from the Medicaid program’s continuous enrollment provision, which was implemented as part of the PHE in March 2020. It also established April 1, 2023 as the date on which the Medicaid redetermination process would resume nationwide.
The continuous enrollment provision resulted in substantial growth in Medicaid enrollment nationwide and helped bring the national uninsured rate to an all-time low...
Source: EMR and HIPAA - April 26, 2023 Category: Information Technology Authors: Guest Author Tags: C-Suite Leadership Communication and Patient Experience Health IT Company Healthcare IT Hospital - Health System Ashley Perry California Department of Health Services CBOs CHWs CMS Community Health Workers Community-Based Organizatio Source Type: blogs
Fewer Than One Percent Of Accounts Are Above The FDIC Limit
Norbert MichelYesterday, the Brookings Institution hosted anonline debate titledShould the Ceiling on Deposit Insurance be Lifted?Most of the participants didnot support lifting the cap so that all deposits would be covered by FDIC deposit insurance, and everyone seemed to acknowledge (atleast some of) the risks and challenges of federally insuring all deposits. They also seemed to agree that raising the cap above $250,000 would only help the wealthiest depositors at the expense of everyone else.While the participants did use data to support their arguments, and we have no quibble with their figures, there is important add...
Source: Cato-at-liberty - April 6, 2023 Category: American Health Authors: Norbert Michel Source Type: blogs
The People's Hospital
That ' s a new book by Ricardo Nuila, M.D. (Scribner) I ' m not going to do a full-scale review, but it ' s definitely worth a mention. He ' s a physician at Ben Taub hospital in Houston, which is a charity hospital that takes care of people who are uninsured or underinsured. He tells the stories of many individual patients he has known and weaves them together into a tapestry that reveals the fundamental insanity of the way we pay for, or don ' t pay for, medical services. Of course I talk about that all the time here, but maybe statistics and facts and figures don ' t make the case for everybody. Tragic stories of r...
Source: Stayin' Alive - April 4, 2023 Category: American Health 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
Government Shares — Even Golden Ones — Will Not Stop Bank Failures
Norbert MichelIn yet another sign that the universe loves freedom, my latestForbes column on the Silicon Valley Bank mess was published on the same day as Saule Omarova ’sNew York Timesop ‐ed. My column makes the opposite case as Omarova, which I ’ll get to in just a bit. It also points out something that seems to be getting lost during these debates over whether to increase the FDIC insurance cap to more than $250,000: Omarova and her fellow travelers want the full provisioning of money by the government.As I write inmy piece:Further,they want to“clarify banks’ place in U.S. society and their relati...
Source: Cato-at-liberty - March 23, 2023 Category: American Health Authors: Norbert Michel Source Type: blogs
Some Thoughts on Silicon Valley Bank ’s Credit Ratings for David Sacks
Marc JoffeDavid Sacks, a San Francisco venture capitalist who advocated government intervention on behalf of uninsured Silicon Valley Bank (SVB) depositors, has argued that the depositors were not equipped to perform due diligence on the bank. Instead, he suggested that they might be guided by, among other things, the “ A” rating from Moody’s Investors Service that SVB carried days before its collapse.This line of thinking raises a couple of concerns. First an “A” rating is not that high. Moody’s has 21 rating symbols ranging from “Aaa” denoting the safest securities to “C” for the most distressed.T...
Source: Cato-at-liberty - March 20, 2023 Category: American Health Authors: Marc Joffe Source Type: blogs
More Startups Can Help Fix the Startup Bank ’s Problems
Jack SoloweyBy now, those following the collapse of Silicon Valley Bank (SVB) have largely identified their preferred culprits for thesecond ‐largest bank failure in U.S. history. But regardless of where one assigns the most blame, it ’s clear that the post‐Global Financial Crisis regulatory regime neither prevented SVB’s demise nor anextraordinary federal reaction to it. While some take the fall of SVB as a reason todouble down on the usual medicine, this bank failure is a case in point for allowing progress inmonetary and financial alternatives.Ultimately, SVB failed to manage risks, some of which...
Source: Cato-at-liberty - March 15, 2023 Category: American Health Authors: Jack Solowey Source Type: blogs
Weekly Roundup – March 11, 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.
Why AI Is an Add-on for Healthcare, Not a Replacement. The nuance of healthcare means that AI will never replace the human touch, experts in the Healthcare IT Today said. Relationship management is still a personal process – but even processes such as workflow automation and security threat benefit from a human touch. Read more…
How to Conti...
Source: EMR and HIPAA - March 11, 2023 Category: Information Technology Authors: Brian Eastwood Tags: Healthcare IT Healthcare IT Today Weekly Roundup Source Type: blogs
Using Telehealth to Serve Disparate Populations
The following is a guest article by Josh Wilda, CIO at University of Michigan Health-West.
Armando Ruiz is like many who walk through the doors of Exalta Health: an elderly man greeted in his native Spanish by a bilingual marquee outside the small purple clinic on Grand Rapids’ main thoroughfare. He’s also one of many Exalta patients who took advantage of a partnership with a local hospital to receive needed specialty care through a unique hybrid remote/in-person model.
The partnership between Exalta and University of Michigan Health-West serves a variety of business objectives for both providers. As ...
Source: EMR and HIPAA - March 6, 2023 Category: Information Technology Authors: Guest Author Tags: Ambulatory Clinical Communication and Patient Experience Health IT Company Healthcare IT Hospital - Health System Telemedicine and Remote Monitoring Armando Ruiz Exalta Exalta Health Grand Rapids Hybrid Care Josh Wilda Laura Kass Source Type: blogs
