What You Should Know: - Redox CEO and Co-Founder, Luke Bonney announced that he is stepping down as CEO and appointing Trip Hofer as the new CEO of Redox to lead the new phase of growth. Prior to joining Redox, Hofer most recently served as CEO of OptumHealth Behavioral Health Solutions and is the former CEO at AbleTo Inc. - Bonney stated that the next phase of Redox would be better served by a new CEO with experience in the next stage of the company scaling. Additionally, he
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Health IT | News, Analysis, Insights - HIT Consultant
Labor Remains Top Challenges for Hospitals/Health System Exec, Report Finds
What You Should Know: - Hospitals’ financial performance declined slightly in September compared to the previous month, according to the latest National Hospital Flash Report from Kaufman Hall. Across the board, there was a decrease in patient volume during this period compared to 2022. - The latest Physician Flash Report reveals the need for organizations to be more strategic about how they utilize and retain providers and support staff. Physicians are operating at
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Healthcare Staffing Shortages Take Toll on Revenue Cycle Management & Patient Engagement
What You Should Know: - 100 percent of hospital and health system respondents stated that staffing shortages have significantly affected revenue cycle management (RCM) and patient engagement efforts, according to a new survey by Experian Health. - A significant 69 percent of the surveyed healthcare executives responsible for RCM staffing foresee ongoing challenges in the long term. Challenges Present Urgent Need for Solutions The findings highlight the urgent need for
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What Is Considered a False Claim?
Even the most honest organizations with good-intentioned owners can inadvertently run afoul of the False Claims Act, often due to employee actions or a misinterpretation of government contract obligations. Regardless of the innocence of the mistake, such allegations can tarnish your company's image. They can also expose you and your enterprise to suspension and debarment, escalating expenses, and pose the risk of civil and criminal penalties. Complaints under the False Claims Act can be
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Vivante Health Inks National Distribution Contract with UnitedHealthcare: Expanding Access to Digestive Health Solutions
What You Should Know: - Vivante Health, the provider of GIThrive digital digestive health solution, has entered into a national distribution contract with United Healthcare (UHC), the largest health insurance company in the United States. - The national distribution partnership allows Vivante Health to offer its digestive health solution to UHC customers, including large self-funded employers aiming to enhance their benefits programs. - The agreement marks GIThrive as the
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9amHealth Expands Into Health Plans With EternalHealth
What You Should Know: 9amHealth, the first-of-its-kind virtual cardiometabolic care clinic, is proud to announce its expansion into the health plan sector with a forward-looking partnership with Medicare Advantage plan, eternalHealth.This venture marks a significant milestone for 9amHealth as it brings its innovative and comprehensive care approach to the Medicare Advantage sector for the first time. Enabling Improved Virtual Care Accessibility The partnership
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NorthShore – Edward-Elmhurst Health Signs Largest VBC Deal in 5 Years
What You Should Know: - Edward-Elmhurst Health (NS-EEH) has announced a significant, long-term partnership with Lumeris, a pioneer in value-based care (VBC). This partnership is a major development in the healthcare industry, representing the largest VBC provider deal since 2018. - With rising expenses outpacing reimbursement rates, health systems and physician organizations are increasingly turning to value-based care to avoid layoffs and service cuts. NS-EEH, the third largest healthcare
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Understaffed RCM Payment Teams Need a New Way Forward
Last year, only 8% of healthcare executives said their RCM or billing departments were adequately staffed, and a stunning 48% said the employee shortage was “severe,” according to a survey cited in MedCityNews. RCM teams are the engine that allows the machinery of healthcare organizations to run. Without effective billing and payment processes that deliver positive patient financial experiences, everything grinds to a halt. These staffing woes can’t continue. The cascade of problems that
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Waystar Postpones U.S. IPO in Response to Market Turbulence
What You Should Know: - Waystar, a healthcare payments company, has decided to postpone its initial public offering (IPO) due to the ongoing market turmoil in the United States, according to a confidential source. Reuters first reports the company plans to revive its IPO efforts, but it is likely to wait until December at the earliest or possibly until 2024. - The decision to delay the IPO was made in response to the volatility in the broader market. Despite receiving positive
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75% of Healthcare Organizations Hit by Ransomware Attacks, Sophos Survey Finds
What You Should Know: - Cybercriminals have been highly successful in their ransomware attacks on healthcare organizations, according to a new survey conducted by Sophos. “The State of Ransomware in Healthcare 2023, report reveals nearly 75% of the surveyed healthcare organizations reported that their data was successfully encrypted by the attackers. - In addition, only 24% of healthcare organizations were able to disrupt a ransomware attack before the attackers encrypted their
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