Tue.May 07, 2024

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Steward’s bankruptcy documents reveal sprawling debt, planned hospital fire sale

Health Care Dive

Since filing for bankruptcy Monday, Steward Health Care revealed it's carrying more than $1 billion in debt and said its entire hospital portfolio is for sale.

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New bill aims to establish provider incentive program to combat drug shortages

Fierce Healthcare

A new draft bill from the Senate Finance Committee aims to establish a new provider incentive program to address drug shortages. | A new draft bill from the Senate Finance Committee aims to establish a new provider incentive program to address drug shortages.

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Medicare go-broke date extended to 2036, but warning bells continue ringing

Health Care Dive

The Medicare trustee’s new deadline for the trust fund’s insolvency is five years later than in last year’s report, but budget hawks warned action is still needed to shore up the insurance program’s finances.

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Overcoming veteran healthcare hurdles

Fierce Healthcare

More than 18 million veterans live in the U.S., making up about 7% of the adult population. | In this week’s episode of “Podnosis,” Fierce Healthcare Senior Writer Anastassia Gliadkovskaya sits down with two experts to discuss how stakeholders can help overcome the issues plaguing the veteran healthcare system.

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How to Battle Layoffs: The Career Star Accelerator Bootcamp

Facing layoffs in your organization? Support your team members' career transition with Career Star Accelerator Bootcamp: Custom Resume & LinkedIn Revamp + 6 Weeks of Career Coaching. Our certified resume writers will create job search-winning resumes and LinkedIn profiles while they work with a career coach to learn unique strategies to stand out, attract the right employers, automate their job search, and land their dream job.

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Cone Health Promote Keith Jones to Chief Information Officer

HIT Consultant

Keith Jones, CIO at Cone Health What You Should Know: – Keith Jones has been appointed as the permanent chief information officer (CIO) at Cone Health after serving in an interim capacity since September. With over a decade of experience at Cone Health, Jones has been instrumental in spearheading initiatives to align with the organization’s strategic goals and enhance healthcare experiences. – During his tenure, Jones played a pivotal role in developing Cone Health’s initial st

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Oscar Health records first quarterly net profit, exceeds EPS expectations

Fierce Healthcare

Insurtech Oscar Health is standing by its full-year outlook after surpassing market expectations and beating year-over-year measures. | Oscar Health is in the green for the first time in company history, with nearly all financial metrics exceeding market expectations during the company's first quarter earnings call.

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More Trending

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House Ways & Means committee unveils two-year telehealth extension bill, and tacks on PBM reforms

Fierce Healthcare

The House Committee on Ways & Means Monday night unveiled a first-of-its-kind piece of telehealth extension legislation to preserve Medicare telehealth flexibilities for two years. | Pandemic-era Medicare telehealth flexibilities which removed restrictions on how a Medicare beneficiary could access telehealth are set to expire at the end of 2024.

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Addus Remains Disappointed With Medicaid Access Rule, But It’s Also Willing To Take Advantage

Home Health Care

Addus HomeCare Corp. (Nasdaq: ADUS) leaders still believe the Medicaid Access Rule missed the mark. But that doesn’t mean they won’t take advantage of it. The company is regularly building out its personal care footprint, expanding it in some areas and bolstering it in others. If consolidation is a result of the Medicaid Access Rule’s 80-20 provision , Addus would be a likely beneficiary.

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Clover Health authorizes $20 million share buyback program

Fierce Healthcare

Clover Health is raising its full-year adjusted EBITDA guidance and announced a share repurchase program of up to $20 million over the next two years, the insurtech said ahead of its first quarter | Clover Health announced an improved year-over-year adjusted EBITDA, insurance revenue and MCR during its first quarter earnings call.

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Steward Health Care Files for Chapter 11 Bankruptcy, Cites Financial Pressures

HIT Consultant

What You Should Know: – Steward Health Care , the nation’s largest physician-led hospital operator, announced today that it has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. – Steward assures patients and the broader community that day-to-day operations will continue uninterrupted throughout the Chapter 11 process.

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5 Essentials for Healthcare CIOs: A Provider Data Management Checklist

Complete and accurate provider data is essential for health organizations to operate effectively. A better understanding of your provider network helps to understand patients and consumers, identify gaps in care, and make the best possible decisions for your businesses. A modern provider data management solution should power a complete and accurate view of each of your providers, make this data easily accessible across functional groups, and be flexible and agile enough to scale. with your needs

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Hims & Hers brings in $11M in Q1 profit, bumps up 2024 revenue forecast

Fierce Healthcare

Online health and wellness company Hims & Hers bumped its full-year revenue forecast higher following strong growth in subscribers and double-digit net income in the first quarter. | Online health and wellness company Hims & Hers bumped its full-year revenue forecast higher following strong growth in subscribers and double-digit net income in the first quarter.

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Revolutionizing Healthcare with Data Extraction Technology

HIT Consultant

Ben Manning, Director of Product Management at etherFAX In the evolving landscape of the healthcare industry, technology advancements play a pivotal role in enhancing efficiency, accuracy, and helping reduce the workload on overburdened staff. Despite significant progress in interoperability, traditional methods, such as faxing, continue to be a cornerstone of document exchange in healthcare organizations.

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NEBGH: Here's how employers can support cancer patients in the workplace

Fierce Healthcare

Cancer diagnoses are on the rise among younger adults, and a new guidebook seeks to arm employers with the tools necessary to tackle this issue. | Cancer diagnoses are on the rise among younger adults, and a new guidebook seeks to arm employers with the tools necessary to tackle this issue.

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Using innovative technology to drive quality improvement efforts

Meditech

Engaging in quality improvement efforts is a critical part of providing the best possible care to patients. Ensuring care teams have the tools they need for clinical decision-making makes it easier to turn discrete data into relevant information. By utilizing innovative technology and solutions, healthcare providers can streamline processes, reduce errors, and ultimately improve patient outcomes.

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Level up Culture & EQ | Sign up for the #CultureDrop

Once a week, culture & leadership expert Galen Emanuele gives free, actionable EQ training in 5 minutes or less. Subscribe to the #CultureDrop and access free resources & content.

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News 5/8/24

HIStalk

Top News Multi-state hospital operator Steward Health Care files for.

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Despite Wage Pressures, Pennant Continues Racking Up Home Health Wins

Home Health Care

The Pennant Group (Nasdaq: PNTG) just achieved a record quarter. “This was highlighted by a double digit year-over-year percentage increases in same store total home health admissions and hospice average daily census,” Pennant CEO Brent Guerisoli said during the company’s first-quarter earnings call Tuesday. “This same store growth exemplifies the meaningful potential that exists at our established operations as they mature and expand.

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Rad AI Scores $50M to Empower Radiologists with Generative AI

HIT Consultant

Rad AI What You Should Know: – Rad AI , a leader in generative AI for healthcare, announced today it has raised $50M in Series B financing, bridging its total capital raised to over $80M. – The round was led by Khosla Ventures , with participation from prominent investors including WiL (World Innovation Lab) , ARTIS Ventures , OCV Partners , Kickstart Fund , and Gradient Ventures (Google’s AI-focused fund).

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Designing for Health: Interview with Farhan Ahmad and Jon Keevil, MD [Podcast]

Nordic

Emerging technologies have vast, expansive abilities within the healthcare landscape. However, a new asset can be needlessly complex and too overwhelming to gain wide adoption amongst clinicians. In order for wholesale implementation to take place, new software or technologies need to balance increased capabilities with the simplicity and accessibility for use in day-to-day clinical operations.

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A Guide to Improved Sepsis Detection & Compliance: 6 Areas You Should Address

This guide highlights key areas that your sepsis detection platform should address to minimize the impact of this leading, entirely preventable cause of in-hospital deaths, as well as how to increase compliance by 20% in 30 days. Download to learn more!

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Blackwell Security Raises $13M to Empower Healthcare Cybersecurity Operations

HIT Consultant

What You Should: – Blackwell Security , a leading provider of specialized cybersecurity solutions designed for the healthcare industry raises $13M in funding co-led by General Catalyst and Rally Ventures. – The funding will be strategically directed towards two key areas. Firstly, it will fuel the expansion of Blackwell’s Managed Healthcare Extended Detection and Response (MHXDR) offering.

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Compassus Taps Fresenius Veteran Michael Asselta As Next CEO

Home Health Care

There’s a new leader at the helm of Compassus. The company’s board of directors has named Michael J. Asselta as CEO. “Compassus continues to build national momentum in executing its shared mission with long standing provider and payer partners to expand access to best-in-class home-based care services,” Pat Ryan, executive chairman at Compassus, said in a press statement.

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Xealth & Stel Life Partner to Simplify Remote Patient Monitoring with Secure Data Integration

HIT Consultant

What You Should Know: – Xealth , a digital health platform provider, today announced a collaboration with Stel Life , a frontrunner in health monitoring device connectivity. – The integration partnership aims to optimize remote patient monitoring (RPM) by facilitating faster, more secure integration of patient vital data into care team workflows.

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Effective Jun. 4, 2024, Christopher Lawrence, MD, will no longer be practicing medicine at Healthcare Associates of Texas – McKinney South.

Healthcare Associates

Effective Jun. 4, 2024, Christopher Lawrence, MD, will no longer be practicing medicine at Healthcare Associates of Texas – McKinney South. Patients may obtain copies of their medical records at: Healthcare Associates of Texas – McKinney South 8080 State Hwy 121, Suite 300 McKinney, TX 75070 Phone: 1-972-268-9383 Fax: 1-972-870-4925 The post Effective Jun. 4, 2024, Christopher Lawrence, MD, will no longer be practicing medicine at Healthcare Associates of Texas – McKinney South. appeared first o

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The New Tech Experience: Innovation, Optimization, and Collaboration

Speaker: Paul Weald, Contact Center Innovator

Learn how to streamline productivity and efficiency across your organization with machine learning and artificial intelligence! No matter what industry you're in - healthcare, customer service, sales, and more - it’s easier than you think to reduce wait times, monitor sentiment, and provide enhanced self-service options for all of your users. This means that you can achieve a more consistent and engaging customer experience while reducing sources of friction.

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BrightInsight, Google Cloud to Enhance Patient Experience with Generative AI

HIT Consultant

What You Should Know: – BrightInsight, Inc. , a provider of compliant digital health solutions, today announced its collaboration with Google Cloud to leverage cutting-edge generative AI (gen AI) technology. – The enhanced partnership aims to optimize BrightInsight’s research and development efforts and significantly enhance its Disease Management Solution for both patients and healthcare providers.

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[ANSWERED] What is DOT Compliance?

Etactics

In 2021, 42,939 people died in motor vehicle accidents. When it comes to travel, safety is obviously an important aspect. Whether it is just driving down the street to the grocery store, or Amazon trucks delivering packages. There are rules and regulations for everyone to follow, such as wearing a seatbelt and obeying the speed limit. With commercial transportation, there are a few additional regulations.

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Paytient Appoints Joe Gabler as Chief Growth Officer

HIT Consultant

Joe Gabler, Chief Growth Officer at Paytient What You Should Know: – Paytient , the leading innovator in health plan affordability solutions, today announced the appointment of Joe Gabler as its Chief Growth Officer (CGO). – Mr. Gabler brings nearly two decades of experience in building successful companies and pioneering healthcare consumer payment solutions.

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Morning Headlines 5/8/24

HIStalk

Rad AI Closes $50 Million to Empower Physicians with AI.

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Strategies to Deal with Collaborative Healthcare Communication

Speaker: Dr. Ugo Uwaoma, MD, MBA

Due to the impact of COVID-19, integrating telehealth software into practices and organizations has become the new normal. In turn, this has increased the effectiveness of collaborative healthcare by strengthening communication amongst healthcare workers and helping combat the woes of burnout. Communication between patients and healthcare providers has also improved, allowing patients to reach their providers easily and decreasing turnaround time.

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ARTBIO, Nucleus RadioPharma Partner to Advance Targeted Alpha Radioligand Therapies for Cancer

HIT Consultant

What You Should Know: – ARTBIO, Inc., a leader in developing targeted alpha radioligand therapies (ARTs) for cancer, and Nucleus RadioPharma Inc., a pioneer in radiopharmaceutical development and manufacturing, announced today a strategic collaboration to propel ARTBIO’s clinical trials forward. Nucleus to Manufacture ARTBIO’s Lead Therapy Candidate This agreement signifies a significant step for ARTBIO.

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The Cost of Medical Care, Long-Term Care, and Prescription Drugs Top Older Americans’ Health-Related Concerns – With Social Security and Medicare Top of Mind

Health Populi

Among Americans 50 years of age and over, the top health-related concerns are Cost, Cost, and Cost — for medical services, for long-term and home care, and for prescription medications. Quality of care ranks lower as a concern versus the financial aspects of health care in America among people 50 years of age and older, as we learn what’s On Their Minds: Older Adults’ Top Health-Related Concerns from the University of Michigan Institute for Healthcare Policy and Innovation.

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DeepScribe Appoints Dr. Dean Dalili as Chief Medical Officer

HIT Consultant

Dr. Dean Dalili, MD, MHCM, Chief Medical Officer at DeepScribe What You Should Know: – DeepScribe , an innovator in ambient AI documentation for healthcare, announced the appointment of Dr. Dean Dalili, MD, MHCM, as its new Chief Medical Officer (CMO). – Dr. Dalili brings a wealth of experience to DeepScribe, poised to play a pivotal role in shaping the company’s clinical strategy and advancing its mission to revolutionize healthcare documentation.

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47% of Data is Underutilized in Healthcare Decision-Making, Arcadia Study Reveals

HIT Consultant

What You Should Know: – A new study by Arcadia , a healthcare data platform, reveals a paradox within the industry: while 80% of healthcare leaders believe most of their data is accurate, a staggering 47% remains underutilized for critical clinical and business decisions. – The report findings uncover a significant challenge – the immense potential of healthcare data remains largely untapped despite the rise of artificial intelligence (AI).

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Top 12 Telehealth KPIs Every Health Tech Leader Should Know

Speaker: Matt McBride, CEO and Co-Founder of Mend

Patient engagement happens before, during, and after interactions. Consumer research has found that in 2021, 64% of US households reported using Telehealth services. In addition 34% of patients would prefer Telehealth visits to in-office visits. Accessible patient engagement technology can help you improve your relationships with your patients while also improving your KPIs.