Have you searched for something on a company’s website, then given up and called to speak to a customer service representative when you couldn’t find the answers you were looking for? This experience is all too common – especially in healthcare. Since 2020, digital front doors (DFDs) have become increasingly popular. And with the healthcare staff shortage projected to continue—and even worsen through at least 2025—digital entry points into healthcare for patients are more important
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6 Ways Health Payors Can Leverage Intelligent Document Processing for Cost Savings
The prevailing global economic conditions are negatively impacting the healthcare industry. Continuing staff shortages, endemic COVID-19, high inflation rates, and supply chain disruptions continue to drive medical costs higher, worsening what is already a persistent challenge for health insurers. To offset rising healthcare costs, health insurance payors are challenged to find ways to contain their own costs by streamlining their processes and tightening their belts, which invariably
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3 Public Health Messaging Failures: What Went Wrong and How to Fix It
Public health crisis communications plans have the power to improve outcomes, reduce long-term healthcare costs, and save lives. These plans should convey crucial health information to impacted groups with recommendations on how and when to seek care and reduce spread. The consequences of ineffective, inconsistent, or absent public health messaging in times of crisis are grave, leading to the mistrust of healthcare institutions, stigmatization of impacted groups, and decreased likelihood of
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Inventory Management Systems Bolster Hospital Cost Savings Initiatives
For many hospitals and health systems, it’s been another challenging year. Increases in patient volume and modest revenue gains haven’t been enough to offset the impact of labor shortages and an inflation rate that reached a historic high in June. A recent Kaufman Hall report found most healthcare organizations had negative operating margins for the first half of 2022 due in large part to historically high expenses. In the face of these ongoing operating losses, the industry has
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HLTH22 Day 3 News Summary
DispatchHealth Raises $330M for Hospital-at-Home Care DispatchHealth, a provider of in-home medical care raises $330M led by Optum Ventures with support from current investors such as Humana (NYSE: HUM), Oak HC/FT, Echo Health Ventures and Questa Capital. New investors included Adams Street Partners, the Olayan Group, Silicon Valley Bank, Pegasus Tech Ventures and Blue Shield of California. Patients and their care partners can request DispatchHealth medical care via phone, mobile app, or
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Cipher Skin Launches Pilot Program for Tech-Enabled Physical Therapy Rehab
What You Should Know: - Cipher Skin and Parker Health launches a new pilot program to help bring tech-enabled physical therapy to Medicare and Medicaid patients. - With plans to pilot the program in Austin, San Francisco, Los Angeles, and Kansas City, the partnership will bring Cipher Skin’s wearable motion and biometric-tracking technology to select orthopedic clinics that use Parker Health’s platform. This collaboration will help accelerate
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Elion Raises $3M to Expand Digital Health Marketplace
What You Should Know: - Elion, a San Francisco-based independent digital health technology marketplace company, today announced it has raised $3.3M in seed funding from leading digital health investors NEA, Max Ventures, 8VC, AlleyCorp, Charge Ventures and Floating Point, with additional participation from a broad set of healthcare founders and angels. - In addition to the round of funding, Elion has released its beta product to the public. The company plans to use the funding to
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4 Factors Driving Healthcare Transformation in 2022 to Watch
As the healthcare industry becomes more interconnected in response to a wide range of economic and societal factors, the landscape is changing for all parties involved, including payers, providers, and patients. In a dynamic time for the industry, here are four of the main factors driving the changes and what they mean for the primary stakeholders: The lines between traditional and digital are blurring As startups and traditional providers race to meet their patient's
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AWS Names 10 Startups for 2022 AWS Healthcare Accelerator Cohort
What You Should Know: - AWS names the ten digital health startups selected for its AWS Healthcare Accelerator cohort, focused on health equity. - With the aim of reducing health disparities, these startups are increasing access to health services, addressing social determinants of health, and leveraging data to promote equitable and inclusive systems of care. 2022 AWS Healthcare Accelerator Program Details Over the course of the four-week program, these 10 startups will receive
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Medication Intelligence Startup Arine Raises $29M
What You Should Know: - Arine, a San Francisco-based next-generation medication intelligence company raises $29M in a Series B round funding composed of equity and debt financing led by 111° West Capital, with participation from new investors MBX Capital and New Leaf Ventures, and continued support from Katalyst Ventures. - Founded in 2017, Arine helps health plans substantially decrease the cost of care and improve patient outcomes by reducing
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