What You Should Know: Healthcare providers face the difficult challenge of coping with an ever-increasing workload while still providing high-quality patient care and trying to retain their staff. As the CEO of CalmWave, Inc., Ophir Ronen is an expert in both patient outcomes and staff retention who understands the importance of leveraging AI technologies to reduce alarm fatigue and deliver more efficient quiet care. Delivering Efficient Care by Reducing Alarm Fatigue Alarm fatigue is
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interview
NCQA Launches Race and Ethnicity Stratification Learning Network
What You Should Know: - The National Committee for Quality Assurance (NCQA) today launched the Race and Ethnicity Stratification Learning Network, a free, interactive, online tool that offers data and best practices to help health plans improve how they collect race and ethnicity data on their enrollees. Improving data collection of race and ethnicity data is vital to improving health equity. - The data available in this new resource summarize the care of 20 million people
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Report: Financial Pressures Drive Healthcare M&A in Q1 2023
What You Should Know: Operational and financial pressures drove mergers and acquisitions in the healthcare sector in Q1 2023, according to a new report from Kaufman Hall. In total, there were 15 announced transactions in Q1 resulting in $12.4 billion in total transacted revenue.The trend of fewer but larger transactions that characterized 2022 was maintained—the average size of the seller or smaller party in Q1 was $827 million, just below last year’s historic year-end average of
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KLAS: Approaches to Moving Epic in the Cloud 2023
What You Should Know: The benefits of public cloud are promising, as many Amazon Web Services (AWS) and Microsoft customers (both provider organizations and vendors) have noted in previous KLAS research. The first health systems using a public hyperscale cloud provider (e.g., AWS, Google Cloud Platform, Microsoft Azure) to support their EHR environment in the cloud have begun to go live, and interest in this approach is gaining momentum, particularly among Epic organizations. Most who are
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Kahun Integrates AI Physician Chatbot with ChatGPT
What You Should Know: - Kahun, an evidence-based clinical reasoning tool for physicians announced it is integrating its AI chatbot for physicians with ChatGPT, an open-source AI chatbot platform to build on the advanced Large Language Model’s (LLM) ability to engage in human-like conversation with patients. - By integrating ChatGPT, Kahun builds on the language model’s text fluency to boost patient engagement pre-visit, cutting the time needed for the healthcare provider to conduct the
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KLAS Reveals Some Providers Lack Confidence in Oracle Cerner’s Roadmap/Vision
What You Should Know: Cerner, one of the major software vendors in healthcare IT, has gone through significant changes over the last year and a half. In October 2021, they announced a new CEO and introduced RevElate as their go-forward patient accounting platform. Two months later, Oracle announced their intent to acquire Cerner. Customers soon reached out to KLAS, wanting to know about their peers’ experiences with these changes.To gather this information, KLAS has been meeting regularly
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Healthcare-Focused Venture Studio Launches in Phoenix
What You Should Know: - Former Bayless Integrated Healthcare CEO, Justin Bayless announced the launch of Journey Venture Studio, a 501c3 healthcare-focused venture studio focused on serving diverse and underrepresented founders. - Aspiring entrepreneurs will go through a rigorous interview process, and once accepted and assigned a company will go through a rigorous growth program designed to jump-start the company’s success. The Journey provides hands-on support, investment, mentorship and
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M&A: CVS Pharmacy Acquires MedAvail’s Pharmacy Assets
What You Should Know: - MedAvail Holdings, Inc.(“MedAvail”), an innovative technology-enabled pharmacy company, today announced it has entered into a definitive agreement with CVS Pharmacy, Inc., on behalf of itself and its subsidiaries and affiliates (“CVS”), for the sale of certain assets of MedAvail’s SpotRx pharmacies (the “CVS Transaction”). - MedAvail has agreed to sell to CVS certain assets related to its SpotRx pharmacies located in Tucson and Phoenix, Arizona; Buena Park,
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The Seemingly Limitless Potential of Blockchain in Healthcare
Interoperability remains the Holy Grail in healthcare, the goal to which all organizations aspire. The urgency to remove silos and improve communication between various systems and organizations is paramount, as it promises to lead to greater efficiency and improved outcomes while at the same time lowering costs – and not a moment too soon, given the fact that the world’s population is aging and there is a growing shortage of clinicians. More and more, blockchain – a secure, decentralized
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Asia/Oceania EMR 2022: Regional Market Share & Vendor Performance
What You Should Know: - As healthcare organizations have come out of the peak of the COVID-19 pandemic, EMR purchase decisions in Asia have ramped up. In Oceania, most public hospitals have an EMR in place, but purchase energy remains high since many public and private provider organizations are planning large-scale purchases of go-forward EMRs. - This report—KLAS’ first focused exclusively on Asia and Oceania—highlights (1) market share and vendor energy in recent EMR purchase decisions
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