Wed.May 01, 2024

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'Too big to fail': Consolidation concerns loom over hearing on Change Healthcare cyberattack

Fierce Healthcare

The scale of UnitedHealth Group's sprawling empire was under the microscope on Wednesday as CEO Andrew Witty testified before a key Senate panel about the cyberattack on Change Healthcare that's ha | The scale of UnitedHealth Group's sprawling empire was under the microscope on Wednesday as CEO Andrew Witty testified before a key Senate panel about the cyberattack on Change Healthcare that's had ripple effects across healthcare.

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CVS slashes 2024 outlook — again — as Medicare seniors drive spending

Health Care Dive

Runaway inpatient spending in particular caused CVS’ insurance costs to snowball after returning “to patterns we have not seen since the start of the pandemic,” its CFO said.

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Hospitals' patient experience, preventable infection improving after pandemic struggles, Leapfrog finds

Fierce Healthcare

The latest batch of Hospital Safety Grades from independent watchdog The Leapfrog Group suggest that patients’ care experiences, which deteriorated during and since the pandemic, may finally be tur | New data from the watchdog reflecting CMS-reported patient safety measures show that hospitals are, on average, working their way back from patient experience and hospital-acquired infection scores that plummeted during the COVID-19 pandemic.

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Telemedicine, enabled with responsible AI, can improve the patient experience

Healthcare It News

In the ever-evolving landscape of healthcare, the integration of virtual care has become pivotal in reshaping patient experiences. Amanda Bury, chief commercial officer at Infermedica, a digital health company specializing in AI-powered systems for symptom analysis and patient triage, knows telehealth's potential to enhance and optimize patient experiences and outcomes while emphasizing convenience, affordability and empowerment – tying in responsible AI innovation and strategies for e

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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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New collective of women's health companies aims to scale access to specialty care

Fierce Healthcare

A newly formed group of women’s health companies aims to tackle gaps in care, with a focus on improving outcomes while reducing costs. | A newly formed group of women’s health companies aims to tackle gaps in care, with a focus on improving outcomes while reducing costs.

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Walmart announces closing of clinics and virtual care

Healthcare It News

Walmart is closing Walmart Health and Walmart Health Virtual Care, saying the business model was not profitable nor sustainable. The Walmart Health centers opened in 2019. "Through our experience managing Walmart Health centers and Walmart Health Virtual Care, we determined there is not a sustainable business model for us to continue," the company said by statement.

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Ransomware was used in 72% of network intrusions last year, says BakerHostetler

Healthcare It News

In addition to analyzing client ransomware incidents and other cyberattacks, the privacy and data security specialists at BakerHostetler compared incident response statistics across industries and looked at data breach regulatory response and lawsuits. Of all incidents Baker Hostetler analyzed, healthcare, biotech and pharma took the lion's share at 28%.

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CVS lowers 2024 guidance as it misses on profit, revenue in Q1

Fierce Healthcare

CVS Health is lowering its guidance for the year after a first-quarter miss on both profit and revenue. | The company posted $1.1 billion in profit for the quarter as well as $88.4 billion in revenue. Both fell short of Wall Street analysts' expectations, according to Zacks Investment Research.

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Debt covenant violations tick up among nonprofit providers: report

Health Care Dive

Since 2022, S&P Global Ratings has tracked an increase in violations of debt agreements as macroeconomic pressures and low operating margins challenge providers.

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How the virtual care market is shaking out in 2024 as Walmart, Optum exit the telehealth business

Fierce Healthcare

News this week that Walmart is shuttering all 51 health cen | Many digital health leaders say recent moves by Walmart and Optum to exit telehealth are not a signal that the telehealth era is over but that the virtual care market is moving away from commoditized models like virtual urgent care.

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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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Tenet raises full-year revenue guidance on $2.2B in Q1 profit

Health Care Dive

CEO Saum Sutaria says the health system is a “new company” following nine hospital sales in the first quarter.

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'Podnosis': Inside the plans to build a health innovation hub in New Jersey’s SciTech Scity

Fierce Healthcare

Did you know about SciTech City, a developing mini city in Jersey City? It's quickly becoming a hub for investment, although it might not be widely known yet. | This week on "Podnosis," Fierce Healthcare Senior Writer Anastassia Gliadkovskaya dives into the details of the innovation hub being built in New Jersey's SciTech City.

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How VitalCaring, New Day Healthcare Plan To Reach The ‘Sweet Spot’ Of Scale

Home Health Care

Internal and external headwinds have conjoined to curtail dealmaking in home-based care over the last couple of years. Amid those headwinds, however, there are companies like New Day Healthcare and VitalCaring that are banking on big-time growth in 2024 and 2025, largely driven by acquisition. As growing providers, each company has picked up what they believe to be the right assets, at the right time, over the last couple of years.

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Healthcare Dealmakers—Kaiser wraps Geisinger buy; Advocate Health sells off MobileHelp and more

Fierce Healthcare

Healthcare mergers and acquisitions are in no short supply as providers, health tech companies, retailers and other industry players look to expand their businesses and gain a competitive edge. | Novant Health's regulatory roadblocks, Medical Properties Trusts' real estate sell-offs, CVS Health's new MA broker and more M&A news from April.

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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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How AI Can Increase the Success of Clinical Denials Appeals

HIT Consultant

Steve Albert, Executive Vice President and Chief Product Officer, R1 It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report , 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023.

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EmblemHealth taps maternal telehealth startup SimpliFed to expand access to baby feeding support

Fierce Healthcare

EmblemHealth, a New York-based not-for-profit health insurer, has tapped virtual maternal health startup SimpliFed to provide members with easier access to baby feeding and breastfeeding servi | EmblemHealth, a New York-based not-for-profit health insurer, has tapped maternal telehealth startup SimpliFed to provide members with easier access to baby feeding and breastfeeding services.

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The Evolution of Protest Policing

The Rand Blog

As difficult as policing vigorous dissent may be, having a flexible and adaptive strategy that draws from best practice and lessons learned will be the most effective way for police to plan, execute, adapt, and resolve the scenes to which they are called.

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3 Critical Vulnerabilities Found in Merge DICOM Toolkit

HIT Consultant

What You Should Know: – Security researchers at Nozomi Networks Labs identified three vulnerabilities in the Merge DICOM Toolkit C/C++ SDK (versions prior to v5.18). – These vulnerabilities could be exploited by attackers to crash medical imaging systems through seemingly harmless actions like opening a DICOM file or processing network data.

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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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The Baltimore Bridge Collapse Is Also a National Security Problem

The Rand Blog

The accident in Baltimore is both a human tragedy and a reminder of how an adversary could seek to close critical waterways. By taking sustained actions to prevent and respond more effectively to obstructive attacks, the United States can help mitigate the risk and protect the maritime movements on which its security depends.

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Baton Health Unveils Universal Primary Source for Instant Healthcare Credentialing

HIT Consultant

What You Should Know: – Baton Health has launched its Universal Primary Source, revolutionizing healthcare credentialing by granting access to hundreds of primary source databases instantly. – The platform has garnered over 30 organizations as clients and early adopters, showcasing its potential to transform healthcare credentialing and reduce verification times from hours or days to mere seconds. – Baton Health’s state-of-the-art platform eliminates manual data entry and

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Healthcare AI News 5/1/24

HIStalk

News Google highlights the medical capabilities of its unreleased Med-Gemini.

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AI Model Predicts Heart Disease and Heart Failure, Identifies $1.4B in Potential Savings

HIT Consultant

What You Should Know: – Cedar Gate Technologies (Cedar Gate) , a leader in value-based care technology, announced today the potential for significant healthcare cost savings through early identification of at-risk patients. – An analysis of their national Healthcare Benchmark Database, encompassing nearly 13 million member lives, revealed a staggering $1.4 billion in potential savings.

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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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What Can Stop Haiti's Free Fall?

The Rand Blog

A new Haitian transitional council faces serious challenges in seeking an end to violence, the establishment of a representative government and, ultimately, an enhanced potential for long-term stability, but the island nation's civil society, its youth, and its diaspora could offer a level of hope.

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NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing

HIT Consultant

What You Should Know: – Prescryptive Health , a leading healthcare technology company, today announced the National Community Pharmacists Association’s (NCPA) renewed endorsement of Prescryptive AI Pricing. – Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape.

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Can menopause cause high cholesterol?

Healthcare Associates

Menopause affects each woman differently and can cause a variety of changes in her body. Changes in hormones and metabolism during menopause can affect the fats in a woman’s blood, including cholesterol. 1 Because of this alteration, menopause can cause high cholesterol. Cholesterol and the menopausal transition Menopause occurs when a woman hasn’t had a period for 12 months straight. 1 The time leading up to this, when women might experience symptoms such as changes in their menstru

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M&A: Aledade Acquires Michigan’s Medical Advantage

HIT Consultant

Aledade, Inc. What You Should Know: – Aledade , the nation’s leading network of independent primary care practices, announced today the acquisition of Michigan-based Medical Advantage. – This strategic acquisition further solidifies Aledade’s position as the preeminent Accountable Care Organization (ACO) network and a driving force in value-based care.

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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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May is Stroke Awareness Month

Briggs Healthcare

A stroke, sometimes called a brain attack, occurs when something blocks blood supply to part of the brain or when a blood vessel in the brain bursts. Every 40 seconds, someone in the U.S. has a stroke. The faster stroke is treated, the more likely the patient is to recover.

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Upperline Health & Navina Integrate to Drive AI-Driven Value-Based Specialty Care

HIT Consultant

What You Should Know: · Navina, the AI-driven primary care platform revolutionizing the interpretation of intricate patient data into actionable guidance during care encounters, has unveiled the initial outcomes of its collaboration with Upperline Health. Upperline Health stands as the nation’s largest network committed to value-based specialty care and pioneers of their own ACO REACH.

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Bryan Perry joins FTI’s Center for Healthcare Economics and Policy

Healthcare ECONOMIST

In some exciting news, Bryan Perry has joined FTI Consulting’s Center for Healthcare Economics and Policy. Below is an excerpt from the press release. Washington, D.C., May 1, 2024 — FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of economics and litigation expert Bryan Perry as a Senior Managing Director in the Center for Healthcare Economics and Policy within the firm’s Economic Consulting segment.

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Trovo Health Launches with $15M for AI-Powered Intelligent Assistants

HIT Consultant

What You Should Know: – Trovo Health , a groundbreaking healthcare technology company, announced today its official launch and a $15 million Series A funding round led by Oak HC/FT. – Trovo’s mission is to revolutionize patient care by equipping providers with an AI-powered platform backed by a multidisciplinary care team. Empowering Providers to Deliver Exceptional Care Trovo’s innovative platform addresses a critical need in healthcare: empowering physicians and other p

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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.