Thu.Aug 10, 2023

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Here are 25 Medicare Part D drugs that have skyrocketed in price

Fierce Healthcare

Medicare Part D drug prices have increased by an average of 226% since market entry. These 25 drugs are responsible for $80.9 billion in total Part D spending in 2021. | A report from AARP broke down how popular brand-name drugs have continued to rise in price and exceed inflation.

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Doximity slashes 10% of workforce amid post-COVID pressures

Health Care Dive

CEO Jeff Tangney attributed the company’s slowdown to “post-COVID upsell weakness,” while also reducing Doximity’s revenue guidance for fiscal year 2024.

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Charlie Health, Mantra Health to expand behavioral health care for higher ed students

Fierce Healthcare

Mantra Health, a digital mental health provider for higher education, is joining forces with adolescent-focused Charlie Health to broaden access for students seeking higher levels of care. | The partners will connect college and university students who require a higher level of mental health care to Charlie Health’s virtual intensive outpatient program.

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MA bonuses reach record high, with UnitedHealthcare, Humana biggest winners

Health Care Dive

Star ratings bonuses jumped 30% from 2022 to 2023 to reach $12.8 billion, according to the KFF, as the Medicare program faces a growing spending crisis.

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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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Majority of execs expect rapid GLP-1 growth to continue says new survey

Fierce Healthcare

4 in 5 health plan execs are significantly concerned about rising GLP-1 utilization and costs, according to a newly | 4 in 5 health plan execs are significantly concerned about rising GLP-1 utilization and costs, according to a newly released survey from Virta Health.

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HHS pledges more than $100M to grow nursing workforce

Health Care Dive

The investment aims to reduce “bottlenecks in nurse training” that stakeholders say hamper recruitment efforts.

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Healthcare M&A hit three-year low in Q2, report finds

Health Care Dive

Continuing financial pressures could keep deal-making low in the second half of the year, but M&A could heat up in early 2024, a new KPMG report finds.

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Blues plan, 12 large healthcare systems join forces to remove racial bias from 15 clinical decision tools

Fierce Healthcare

In a major effort to combat healthcare inequalities in the Philadelphia region, Independence Blue Cross is teaming up with 12 large health systems in the region to target 15 medical tests that may | Independence Blue Cross, and 12 large healthcare systems announced today that they’ve formed a coalition to eliminate racial bias in 15 commonly used clinical tools.

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For-profit hospitals beat Q2 expectations on rising admissions, expense improvements

Health Care Dive

Rebounding volume, including increased demand for elective surgeries, boosted toplines for HCA, Tenet, CHS and UHS in the second quarter.

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Primary care business Cano Health exploring sale as its cash dwindles, plans to exit several markets

Fierce Healthcare

Primary care company Cano Health is exploring a sale as its cash dwindles and plans to lay off 700 employees, or 17% of its workforce, the company announced Thursday. | Primary care company Cano Health is exploring a sale as its cash dwindles and plans to lay off 700 employees, or 17% of its workforce, the company announced Thursday.

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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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FemTech: Evie Ring Establishes Medical Advisory Board for Medical-Grade Wearable to Women

HIT Consultant

What You Should Know: Movano Health (Nasdaq: MOVE), a purpose-driven healthcare solutions company at the intersection of medical and consumer devices and makers of the Evie Ring , announced the formation of its Medical Advisory Board. The initial panel is composed of healthcare industry subject matter experts in women’s health, mental health, and sleep, who will serve as trusted advisors to the Evie team regarding the development of its medical-grade smart ring for women and provide insights to

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Sweeping drug shortages force health system pharmacists to adjust treatment, purchasing, survey finds

Fierce Healthcare

Drug shortages are rife across hospital and health system pharmacies and forcing most pharmacists to rely on alternatives that drive costs and sometimes impede care, particularly when it comes to c | Over half of health system pharmacists say they've been at least moderately impacted by drug shortages, and nearly all say they've had to get creative with dispensing and purchasing.

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State Genetic Privacy Statutes: Good Intentions, Unintended Consequences?

Bill Of Health

By Christi Guerrini, David Gurney, Steve Kramer, CeCe Moore, Margaret Press, and Amy McGuire State legislators have enacted a flurry of genetic privacy bills that will strengthen the privacy and security practices of direct-to-consumer genetic testing companies and give customers more control over their data. What they might not realize is that these bills could be interpreted in ways that limit law enforcement’s ability to use a new technique that helps identify violent criminals and human rema

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Cigna taps Virgin Pulse to launch new personalized digital health platform

Fierce Healthcare

Cigna is teaming up with Virgin Pulse to launch a new, personalized digital health program for its members. | Cigna is teaming up with Virgin Pulse to launch a new, personalized digital health program for its members.

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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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Stanford Develops Robotic Puppies to Bring Therapy to Pediatric Patients

HIT Consultant

Source: Stanford Children’s Health What You Should Know: Students from Stanford University School of Engineering robotics team designed robotic puppies, known as ‘The Pupper Robots,’ that helps calm and distract young pediatric patients during routine and complex procedures at Lucile Packard Children’s Hospital Stanford. The University robotics team 3D printed 30 pups to interact and play with kids at the hospital’s family resource center, Story Corner.

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Insurers are set to receive $12.8B in MA bonus payments this year. These are the companies getting the biggest payouts

Fierce Healthcare

Insurers are set to receive $12.8B in MA bonus payments this year.

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Only Half of Healthcare Organizations’ Data is Used to Make Decisions

HIT Consultant

What You Should Know: Only 57 percent of healthcare organizations use data to make business decisions, despite 90 percent of healthcare leaders agreeing that access to quality data is critical to organizational performance, according to a new report by Arcadia. The Current State of Healthcare Analytics Report insights come from a pulse survey on the current state of healthcare analytics platforms conducted by the Healthcare Information and Management Systems Society (HIMSS) and Arcadia.

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Enhabit Announces Intent to Launch Strategic Alternatives Process

Home Health Care

Enhabit Inc. (NYSE: EHAB), one of the largest freestanding home health and hospice companies in the market, intends to launch a strategic review process that could ultimately end in another industry-shaping transaction. The Dallas-based Enhabit announced Wednesday in its second-quarter earnings results that it is getting ready to explore all options for the future of the company in order to satisfy the conditions of its Tax Matters Agreement with Encompass Health Corp.

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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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Aiberry Launches AI-Powered Mental Health Screening for Corporate Wellness Platforms

HIT Consultant

What You Should Know: Artificial intelligence (AI)-powered mental health screening pioneer Aiberry (pronounced “I” + “berry”) unveiled a new version of the Aiberry platform specifically designed to meet the needs of corporate wellness platform users. Easily integrated with all leading corporate wellness platforms, Aiberry uses an AI-powered therapeutic assistant, “Botberry,” to conduct a conversation to detect mental health disorders by analyzing what is being said, the speech patterns being use

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Hindered By The Labor Environment, Aveanna’s Home Health Segment Struggles Continue

Home Health Care

The home health and hospice segments of Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) continue to struggle. Nevertheless, company leaders strongly believe in those segments’ long-term value proposition. “Our home health and hospice platform, which is primed for growth, is dedicated to creating value through effective operational management and the delivery of exceptional patient care,” Matt Buckhalter, interim CFO at Aveanna, said during the company’s second-quarter earnings call Thursda

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Report: Current State of Healthcare Analytics

HIT Consultant

What You Should Know: Only 57 percent of healthcare organizations use data to make business decisions, despite 90 percent of healthcare leaders agreeing that access to quality data is critical to organizational performance, according to a new report by Arcadia. The Current State of Healthcare Analytics Report insights come from a pulse survey on the current state of healthcare analytics platforms conducted by the Healthcare Information and Management Systems Society (HIMSS) and Arcadia.

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Enhabit Leaders Dive Deeper Into Strategic Review Process, Fee-For-Service ‘Erosion’

Home Health Care

On Wednesday — ahead of its earnings call with investors and stakeholders — Enhabit Inc. (NYSE: EHAB) announced plans to launch a strategic review process. Specifically, the company is looking to take steps to satisfy the conditions of its Tax Matters Agreement with Encompass Health Corp. (NYSE: EHC). Enhabit CEO Barb Jacobsmeyer shed more light on the announcement during the company’s second-quarter earnings call Thursday.

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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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3 Ways to Leverage RPA for Greater Value: Lessons from Healthcare

HIT Consultant

John Nebergall, COO at Consensus Cloud Solutions Despite assertions that healthcare is “burned out on talking about burnout,” the HIMSS 2023 presentations that have kept attendees talking long after the sessions ended included those that use automation to relieve workforce pressures. From ways to support smarter, more seamless discharge to remote check-ins with tonsillectomy patients, use cases for automation ramped up considerably during the pandemic.

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NAHC, NHPCO Sign Letter Of Intent To Potentially Combine

Home Health Care

The boards of two of the most prominent home-based care associations are coming together to explore the formation of a new organization. On Thursday, the National Association for Home Care & Hospice (NAHC) and the National Hospice and Palliative Care Organization (NHPCO) announced that their boards signed a non-binding letter of intent to pursue a potential combination of their organizations.

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Microsoft Enables Epic Clients to Use Microsoft Azure Large Instances to Manage Large EHR Database Loads

HIT Consultant

What You Should Know: Microsoft announced that Epic clients, starting with Mount Sinai Health System can use Microsoft Azure Large Instances to run the large Epic electronic health record (EHR) database at up to 50 million database accesses per second. Through close collaboration with Accenture, Mount Sinai continues to migrate many of its workloads to Azure and now has the largest production instance of Epic running on Azure in the world.

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What is the impact of health insurance on health outcomes?

Healthcare ECONOMIST

What is the impact of being insured on health outcomes? This is a difficult question to answer in part because of adverse selection (e.g., sicker patients may choose to be insured). But even absent adverse selection, the ability to diagnosis a disease may vary between the insurer and uninsured. Consider this example from Kaliski (2023) : For example, better access to testing improves the rate at which SARS-COV2 infections are detected.

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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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PE Firm Havencrest Forms Home Care Platform ‘Avid Health at Home,’ Plans To Rapidly Expand

Home Health Care

In connection with its acquisition of For Papa’s Sake Home Care (FPS), Havencrest Capital Management has formed its own home care platform. The new company will be dubbed “Avid Health at Home,” and Havencrest Operating Partner Jen Lentz will be the CEO. “We are very excited about the creation of Avid as well as our partnership with FPS,” Christopher W.

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UnitedHealthcare Accelerator Launches New Cohort of 10 Digital Health Startups

HIT Consultant

What You Should Know: The UnitedHealthcare Accelerator program, announced its fifth cohort of 10 digital health startups to participate in its four-month collaborative mentorship-driven program. Selected startups will receive guidance from UnitedHealthcare and Optum executive, fundraising support, and $50k in capital. 90% of this year’s companies were founded by women and / or people of color.

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Navigating the Maze: Overcoming 3 Key Challenges in Integrated Voice Response Systems

Sequence Health

Interactive Voice Response (IVR) systems have become an integral part of customer service across various industries. These systems allow businesses to handle a large volume of calls efficiently by automating the initial stages of customer interaction. However, like any technology, IVR systems come with their own set of challenges. In this article, we’ll explore three major challenges in integrated voice response systems and offer practical solutions to overcome them.

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HCPCS Codes Used for Skilled Nursing Facility Consolidated Billing Enforcement: October 2023 Update

Briggs Healthcare

Mary Madison, RN, RAC-CT, CDP Clinical Consultant – Briggs Healthcare HCPCS Codes Used for Skilled Nursing Facility Consolidated: October 2023 Update … MLN Matters Number: MM13299 was posted August 3, 2023. CMS periodically updates the lists of HCPCS codes excluded from the CB provision of the SNF PPS. We may pay providers, other than SNFs, for services excluded from SNF PPS and CB for patients, even when in an SNF stay.

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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.