Wed.May 01, 2024

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

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

Healthcare IT News - Telehealth

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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Debt covenant violations tick up among nonprofit providers: report

Healthcare 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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3 Reasons to Retire Pagers from Healthcare Settings

Let's discuss the trusty pager—an old favorite that’s losing its shine in hospitals and clinics. While once a staple in hospitals and clinics, pagers now present significant limitations that hinder rather than facilitate communication among healthcare professionals. Healthcare professionals are constantly on the move, and they need communication tools that can keep up with their fast-paced lives.

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Walmart announces closing of clinics and virtual care

Healthcare IT News - Telehealth

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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'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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This Week’s Health IT Jobs – May 1, 2024

Healthcare IT Today

It can be very overwhelming scrolling though job board after job board in search of a position that fits your wants and needs. Let us take that stress away by finding a mix of great health IT jobs for you! We hope you enjoy this look at some of the health IT jobs we saw healthcare organizations trying to fill this week. Here’s a quick look at some of the health IT jobs we found: Director of Business Development – Healthcare Information Technology – Planet Technology Coding Mana

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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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Walmart announces closing of clinics and virtual care

Mobi Health 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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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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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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Verizon 2024 DBIR: 70% of Healthcare Data Breaches Caused by Insiders

HIPAA Journal

On May 1, 2024, the 2024 Verizon Data Breach Investigations Report ( DBIR ) was released, which this year involved an analysis of a record number of security incidents (30,458), and more than double the number of confirmed data breaches as last year (10,626). The report includes 1,378 security incidents at healthcare organizations and 1,220 confirmed healthcare data breaches.

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HHS modernizes disability rights rule, stresses importance of enforcement

Fierce Healthcare

The Office for Civil Rights (OCR) announced an update to Section 504 of the Rehabilitation Act of 1973 Tuesday, fortifying support for Americans with disabilities. | HHS finalized a proposed rule from September, granting greater protections to individuals with disabilities. Secretary Xavier Becerra says the department is willing to help providers meet new standards.

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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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From Diagnosis to Delivery: How AI is Revolutionizing the Patient Experience

Speaker: Simran Kaur, Founder & CEO at Tattva Health Inc.

The healthcare landscape is being revolutionized by AI and cutting-edge digital technologies, reshaping how patients receive care and interact with providers. In this webinar led by Simran Kaur, we will explore how AI-driven solutions are enhancing patient communication, improving care quality, and empowering preventive and predictive medicine. You'll also learn how AI is streamlining healthcare processes, helping providers offer more efficient, personalized care and enabling faster, data-driven

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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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Ro Unveils Vertically Integrated Platform for Seamless Patient Care

HIT Consultant

What You Should Know: – Ro , the leading direct-to-patient healthcare company, unveils ro.OS , a technology platform designed to transform the healthcare experience. – This comprehensive system, in development for over six years, vertically integrates telehealth, lab services, and pharmacy operations, creating a seamless and high-quality care journey for millions of patients. ro.OS: Empowering Patients and Providers ro.OS goes beyond simply connecting healthcare services.

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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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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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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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Lean Digital: Behavior Change for Weight and Obesity

Healthcare IT Today

Internet-based tracking and coaching are being employed wherever health becomes a matter of lifestyle. Technologies can reach into every detail of a patient’s life: how to eat when they visit a buffet, where’s a good place to take a walk nearby, etc. This article, part of a series about obesity , interviews a number of experts to explore the philosophy and practice of behavioral therapy for obesity.

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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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HIMSS EMRAM: Enovacom’s expert guide

Digital Health News

The HIMSS EMRAM (Electronic Medical Record Adoption Model) certification is an internationally recognised quality label that demonstrates a healthcare organisation's commitment to improving care through effective use of electronic medical records. Enovacom's new, free guide provides structured support to progress through the stages of EMRAM to reach peak digital maturity.

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TeleRare Health launches to offer virtual care to rare disease patients

Mobi Health News

The new platform for will offer video visits for rare disease diagnosis and longitudinal care.

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Real-Life Examples of HIPAA Violations and How to Avoid Them

Speaker: Jack Clough, Chief Growth Officer

Download our 30-minute webinar where we delve into real-life examples of HIPAA violations and preventative measures every organization should know! You will learn: The critical factors that lead to HIPAA violations and how to identify them. Three compelling real-life cases of organizations that faced severe HIPAA penalties. Proven strategies to safeguard YOUR organization against HIPAA violations.

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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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TeleRare Health launches to offer virtual care to rare disease patients

Mobi Health News

The new platform for will offer video visits for rare disease diagnosis and longitudinal care.

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Worcestershire Acute Hospitals implements AI software for stroke patients

Digital Health News

New AI software has been rolled out at the Worcestershire Acute Hospitals' stroke unit, which is helping clinicians with their decision making.

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Three Tough RCM Questions with Michael Quinn from Inovalon

Healthcare IT Today

Revenue Cycle Management (RCM) is hot topic right now due to the cybersecurity incident at Change Healthcare. Hear honest answers to tough questions related to that incident and how AI will impact RCM. To explore this topic, Healthcare IT Today , wanted to ask an executive that works in this area to come on-camera for a “Three Tough Questions” interview.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.