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Cano Health Emerges from Chapter 11, Focused on Florida Market
– Cano Health, a value-based primary care provider, announced today that it has successfully exited Chapter 11 bankruptcy as a reorganized private company. – The emergence follows a strategic restructuring aimed at improving the company’s financial health and optimizing operations. Key Achievements of the Restructuring. Debt Reduction: Cano Health...
AdvancedMD Summer Release Streamlines Revenue Cycle, Enhances EHR and Patient Engagement
– AdvancedMD, a provider of cloud-based healthcare software for independent practices, recently unveiled its 2024 summer product release. – The update boasts over 30 new features designed to enhance efficiency, improve productivity, and ultimately, boost revenue for medical practices. Seamless Payment Processing Takes Center Stage. The centerpiece of the release...
New Hope for Early Alzheimer’s: FDA Approves Kisunla to Slow Disease Progression
– Eli Lilly’s Kisunla™ (donanemab-azbt) has been approved by the FDA as a treatment for adults in the early stages of Alzheimer’s disease (AD), including those with mild cognitive impairment (MCI) and mild dementia, who have confirmed amyloid plaque buildup in the brain. – The FDA approval...
Hummingbird Healthcare Secures $10M to Streamline Patient Access, Create Jobs
– Hummingbird Healthcare Inc., a tech-driven healthcare services company raises $10M in Series A funding led by UCHealth, a leading Colorado-based health system and existing investor. The round also included participation from CU Healthcare Innovation Fund, 8VC, and Gaingels. – With this new funding, Hummingbird is poised to expand its...
Prescribe FIT Scores $4.8M to Expand Remote Patient Monitoring for Orthopedic Care
– Prescribe FIT, a leader in remote patient monitoring (RPM) and virtual lifestyle coaching for musculoskeletal health secures $4.8M in Series A funding. The funding round includes investments from prominent figures in the healthcare and business sectors, including Jim Grote, Tamarind Hill, JobsOhio Growth Capital, seasoned executives, and orthopedic surgeons.
OMNY Health Democratizes Healthcare Data with Launch of AI Platform
– OMNY Health, the leading healthcare ecosystem known for facilitating compliant cross-industry data sharing launched its platform designed to power AI driven health technology companies, further cementing the company’s commitment to democratizing healthcare data. – QuantHealth and ArisGlobal are just two of OMNY’s newest partners to leverage this new...
Blind VA Employee Sues Over Inaccessible Oracle-Cerner EHR
– A Department of Veterans Affairs (VA) employee has filed a lawsuit against the agency, alleging its new Oracle-Cerner EHR system discriminates against employees and veterans with disabilities, Federal News Network reports. – The lawsuit claims the Oracle-Cerner EHR system is incompatible with assistive technologies like screen readers used by...
Could Amazon or Google Hold the Key to the Future of Public Health Diagnostics?
Anyone who works in medical technology knows that the industry is currently focused obsessively on two prime targets – maximizing the availability of self-testing and playing its part in the common goal of achieving net zero. To those can now be added a third priority – attempting to find a way to make those twin targets mutually achievable rather than, what seems increasingly to be the case, of them canceling each other out. In the evolving landscape of MedTech, biotech, and life sciences, the pursuit of sustainable practices has become paramount. As well as meeting their own environmental, social and governance (ESG) ambitions, companies know that they are unlikely to win public tenders or private contracts unless they are committed to reducing their carbon footprint.
UltraSight Joins Butterfly Garden to Expand AI Real-Time Guidance Across POC Ultrasound Devices
– UltraSight, a leader in AI-powered cardiac imaging, announced it has joined Butterfly Garden, an artificial intelligence (AI) Marketplace launched by Butterfly Network, a pioneer in portable ultrasound technology to improve access to cardiac care. – The collaboration empowers medical professionals and paves the way for a future of faster...
US Hospitals See Improved Margins, But Rising Costs Remain a Concern
– A new report from Strata Decision Technology reveals mixed signals for the financial health of US hospitals. While operating margins have improved significantly year-over-year, rising drug and supply costs threaten to undermine this progress. – The US hospital sector shows signs of financial recovery, with improved margins and revenue...
M&A: Alcon Acquires BELKIN Vision for $81M
– Alcon (SIX/NYSE: ALC), a company in eye care, announced today the completion of its acquisition of BELKIN Vision for a total of $81M. This strategic move strengthens Alcon’s position in the glaucoma treatment landscape. – By acquiring BELKIN Vision’s DSLT technology, Alcon expands its treatment options for glaucoma...
Biopharma at a Crossroads: AI Offers Key to R&D Reinvention
– A new report by Accenture, “Reinventing R&D in the Age of AI,” paints a clear picture: the biopharmaceutical industry stands at a critical juncture. Companies that embrace intelligent technologies like AI and machine learning are poised to become the future’s leaders, while those clinging to outdated methods risk falling behind.
Former Outcome Health Execs Sentenced in $1B Fraud Scheme
– Three former executives of Outcome Health, a Chicago-based health tech startup, were sentenced for their roles in a massive fraud scheme that defrauded clients, lenders, and investors of an estimated $1B. – The case was investigated by the FBI and FDIC-OIG with assistance from the U.S. Securities and Exchange...
K Health Secures $50M for AI Primary Care Platform
– K Health, a leader in AI-driven primary care raises $50M in funding led by Claure Group with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP. – With this new funding, K Health...
How Healthcare Automation Is Enhancing a Patient’s Diagnostic Testing Experience
With the influx of technology, the healthcare industry has experienced tremendous change over the years. More and more healthcare facilities are investing in innovative tools that can help automate and significantly improve a patient’s diagnostic testing experience. In this article, let’s explore the myriad benefits of healthcare automation and how it has revolutionized the diagnostic testing process and made it a positive patient experience.
Why Patient Engagement Must Be at the Center of Value-Based Care
In the dynamic and ever-changing landscape of the healthcare industry, patient engagement continues to emerge as a pivotal element of the value-based care (VBC) model. Value-based care seeks to improve health outcomes by leveraging the Quintuple Aim framework – focusing on the patient experience, population health success, cost reduction, team wellbeing, and health equity. Value-based care models center on patient outcomes and how well healthcare providers can improve the quality of care based on specific measures, such as reducing avoidable hospital readmissions and improving preventative care. Where the traditional fee-for-service care model is driven by physician’s volume of services provided regardless of patient outcomes, the results-driven value-based care model depends on an engaged patient managing their care 95% of the time they are not interacting with a provider.
Amwell Announces Reverse Stock Split to Maintain NYSE Listing
– Amwell (NYSE: AMWL), a leading provider of telehealth software, announced today a one-for-twenty (1-for-20) reverse stock split for all classes of its common stock. – The stock split move aims to regain compliance with the New York Stock Exchange’s (NYSE) minimum share price requirement of $1.00. Effective Date...
Walmart Exits Virtual Health Market with Sale of MeMD to Fabric
– Fabric, a healthcare technology company focused on care enablement, announced today the acquisition of MeMD from Walmart Inc. (NYSE: WMT). MeMD is a recognized leader in virtual healthcare, offering behavioral, urgent, and primary care services to millions of individuals. – This strategic acquisition positions Fabric to be a major...
Noom Unveils AI-Powered Food Logging and Welli Assistant to Supercharge Health Coaching
– Noom, the leader in digital health coaching for chronic disease prevention, is revolutionizing its platform with the launch of two cutting-edge AI features: AI food logging and Welli, their new AI personal health assistant. – The launch of AI food logging and Welli reinforces Noom’s commitment to leveraging technology...
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HIT Consultant delivers news, analysis, and commentary surrounding the transformation of healthcare technology. We go inside hospital IT departments, company boards, payer offices, physician practices, investors’ roundtables and political backrooms for a well-rounded view of the healthcare IT landscape. HIT Consultant examines the challenges, innovations, strategies, along with the political and regulatory trends faced by today’s healthcare business leaders. Our authoritative network of contributors helps provide invaluable and firsthand insights from the people and places that matter the most to our readership.
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