Weekly 3 things you should know

Data Breach Costs UMass Memorial $230,000

Healthcare still remains one of the most targeted industries of cyberattacks due to its valuable healthcare data. UMass has agreed to pay $230,000 after two separate data breaches exposed the PHI of more than 15,000 people. They are just a recent victim in a continued hunt by cyber terrorists on the healthcare industry and yet another strong reason why cybersecurity should remain a top priority.
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Interview Of UnitedHealthcare CEO Synonymized Digital Health With Health Care

Business Insider Intelligence spoke to UnitedHealthcare CEO Steve Nelson about the changes to the US healthcare industry and how UnitedHealthcare is keeping up. The interview states how they are attempting to adopt digital health as effectively as possible to keep up with the demands for it while also combatting rising challenges to a newer system that will continue to face changes through trial and error and ever evolving healthcare developments.
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Telehealth May Become The New Preferred Method of Patient Care

New research indicates that not only does telehealth keep healthcare costs down tremendously, but providers are also treating patients at the same level or even better than they do in person. A study done by Humana found that providers using telehealth for care were more attentive to patients and care methods, and were less quick to simply prescribe medicine and move on to the next patient. Telehealth visits also cost much less than in-person visits, keeping patients costs down while also saving providers valuable time.
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Weekly 3 things you should know

Watch Series 4 Receives First FDA Clearance For Apple

Apple is paving the way for more consumer medical gadgets as they received FDA clearance for both an atrial-fibrillation detecting algorithm and an ECG that will be built into the new watch. The FDA is eager to allow more technology manufacturers to enter the medical space while doctors warn that dependency on this technology from the user could raise unnecessary alarm. It will be up to doctors as to how they handle the information from this new technology as it comes up more in the patient care setting.
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Elliott Management Drops Out Of Athenahealth Race

Shares for Athenahealth dropped sharply after Elliott Management decided to rescind their bid to buyout Athenahealth. Elliott Management was originally willing to pay the full share price of $160 per share, or about $6.9 Billion, for the acquisition, but now it looks as though they will wait and possibly re-enter at a lower offering price.
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EHR Design & Interoperability Are Top Causes Of Physician Dissatisfaction

According to a September 2018 survey of Americas physicians by the Physicians Foundation, almost 78% of physicians are experiencing burnout and 40% surveyed identified EHR design & interoperability as the primary cause. Providers are seeing less patients and working fewer cases than ever before as paperwork and administrative duties take up most of their time. Providers are in desperate need of an effective EHR system that communicates with all of their software needs and makes their job easier, not harder.
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Weekly 3 things you should know

NextGen Aligns Investor-Facing And Commercial-Facing Identities

Clients have known them as NextGen Healthcare for nearly 20 years, but they were still listed and trading under the name Quality Care Systems, Inc. On September 10th, 2018, the company finally changed its official corporate name to Nextgen Healthcare, Inc. and will now be trading under their new symbol, “NXGN”.
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AHRQ Launches App Design Challenge

The Agency for Healthcare Research and Quality (AHRQ) is hoping to find an app that simplifies the process of collecting and sharing patient-reported data. The Step Up App Challenge is offering $250,000 to design, develop and test the best app idea submitted. The submission deadline for the first phase is September 24th, 2018.
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How Does Burnout Impact Patient Care Quality?

With a very high percentage of healthcare organizations being affected by burnout, the spillover affects on patient care need to be closely monitored. As providers encounter more stressors, studies have shown that their ability to provide quality care and time with patients decreases. It is crucial that organizations focus on providers well being and implement best practices to limit burnout and preserve care quality and patient experience.
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Weekly 3 things you should know

Economists Suggest Small Tweaks That Could Tame Healthcare Spending In The US

Healthcare in the United States costs close to double what it’s peer countries spend. Traditionally, we have looked at broad, big-picture fixes to lessen spending, but health economists suggest a bunch of smaller tweaks could be the more effective answer. By focusing on small changes that are more attainable, we may actually begin the transformation we are looking for.
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Five Ways To Improve Clinical Efficiency Through EHR Optimization Activities

One of the avoidable negative effects of EHR implementation is a decrease in clinical efficiency and provider satisfaction due to the burden of adapting to the new system. By initializing EHR optimization activities immediately after implementation, healthcare organizations can increase the effectiveness and usability of their new system and avoid costly discontent and delay in patient care.
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Artificial Intelligence Continues To Garner Attention As It Out-Predicts Medical Experts

A new study from the Francis Crick Institute, a biomedical research center in London, showed that AI was better able to predict risk of death in patients with heart disease than medical professionals. They suggest that using machine learning to track and diagnose patients is just the next step in a more accurate mode than the computer based tools clinicians already use.
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Weekly 3 things you should know

Addressing Burnout Through Workflow Optimization

Through creating workflow checks and balances that foster support and team work, burnout can definitely be avoided and alleviated for physicians. Distributing responsibilities for patients between team members makes sure everything doesn’t weigh down just one person. The biggest hurdle to overcome before this change can be effective is gaining unanimous support within the organization as complete involvement is required.
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Healthcare IT Sees Exponential Market Growth For 2018

According to a recent Black Book Report, the 2018 State of Healthcare IT Consulting, healthcare industry management consulting was a $20 billion industry in 2016 in the US while this year, it is projected to reach $53 billion. This rise in demand is attributed to the implementation of software, information systems, systems integration and optimization & support of mergers and acquisitions. In all of these instances, organizations are looking for a niche industry expert to oversee these implementations and are willing to spend big for the best they can get.
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Meeting The New Demands For A Population Health Management Company

Having resources to better understand risk patterns for certain health issues could prevent expensive health problems from even arising and readmissions from ever taking place. Healthcare organizations that recognize this advantage are investing billions in analytics tools to track this data. In this new niche industry, healthcare organizations will need to make a well informed decision for which population health management company best suits their needs while also taking into account cost and provider feedback.
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Weekly 3 things you should know

Companies Turn To Specialist Consultants To Tackle IT Interoperability & Optimization

Organizations are looking for help from experts with strong experience in niche problem-solving and vendor knowledge to work together with their overall IT infrastructure team to solve business problems. With continued advancements and imposed requirements, healthcare organizations are looking to optimize their IT technologies and are turning to specifically skilled outsourced professionals to make sure everything runs smoothly.
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Smartphones Could Solve Many Unanswered Interoperability Issues Including Patient Matching

AHIMA, CHIME, HIMSS and other big names all feel that patient matching, a process of comparing data from different health IT systems to obtain a complete record of the patient’s health history, needs to become a priority as neglecting it hinders healthcare’s overall growth and innovation. By allowing patients to access and update their own health data conveniently from their phone, and linking everything the patient undergoes to a phone number or app, smartphones could bridge the gap between data exchange, interoperability and overall patient involvement and satisfaction.
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New Federal Regulations Affect Healthcare IT Innovations and EHR vendors

As the value based care system continues to be pushed by CMS, healthcare organizations are rushing to implement these new policies while EHR vendors work to keep up with ever-changing demands. While these new requirements may help eliminate burden on providers, it may also force EHR technologies to have to change their system designs, which is why standardization of practices & requirements will be key to continued growth on both sides.
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