Monday, February 7, 2022
Trends in Telehealth Care for Diabetes During the COVID-19 Pandemic | Telehealth and Medicine Today
Friday, January 21, 2022
IBM WATSON HEALTH - The rise and fall
Author. Ron Miller
IBM Watson Health Begins To Take Shape
During 2015 at the HIMSS conference IBM announced a new business unit, Watson Health, that will offer cloud-based access to its Watson supercomputer for analyzing healthcare data. The Watson Health Cloud will be an open source but secure platform on which care providers and researchers can share and analyze health data for greater insights into trends to improve individual and overall patient outcomes. IBM, which made the announcement at the Healthcare Information Management Systems Society (HIMSS) conference in Chicago, also said it has acquired big data healthcare analytics providers Phytel and Explorys, whose software will be used in concert with Watson Health.
The Explorys platform enables healthcare systems to collect, link and combine data from hundreds of disparate sources across their enterprise and clinically integrated networks. This data will be derived from clinical, claims, billing, accounting, devices, community and patient information.
Phytel develops and sells cloud-based services that help healthcare providers coordinate care in order to meet new healthcare quality requirements and reimbursement models.
"Their data sets represent 90 million lives, primarily in this country," said Mike Rhodin, senior vice president of IBM's Watson Business Group.
Additionally, IBM announced three new partnerships with Apple, Johnson & Johnson, and Medtronic to optimize consumer and medical devices.
IBM could be looking to sell the Watson Health division for a mere $1 billion, according to an Axios report. The question is why is IBM running away from the healthcare vertical just as it seems to be heating up, and for such a low price?
Just last month, Oracle spent $28 billion to buy digital health records company Cerner. Last spring, Microsoft spent close to $20 billion to buy Nuance, which is used heavily in the medical industry, boasting 10,000 healthcare customers. That’s huge money, suggesting that enterprise companies are looking to embrace the healthcare vertical and willing to spend big bucks to do it.
IBM launched Watson Health in April 2015 to much fanfare. It was supposed to take Watson, IBM’s artificial intelligence platform, and put it to work on healthcare problems. The argument went something like this. Even the best doctor can’t read all of the literature out there, but a computer can do it quickly, and could come up with suggested courses of action to augment the doctor’s expertise and produce better outcomes.
Friday, January 14, 2022
CMS CLOUD INTERRUPTION
NOTICE OF INTERRUPTION OF CMS CLOUD SERVICES
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Thursday, January 13, 2022
Manually chasing claims costs providers 19 minutes, $9.37 on average
In 2020, providers made 238 million claim status inquiries by phone, fax or email. Most payers still limit the number of inquiries allowed per call, which means more calls, more work for staff and more time wasted. And that’s before adding in the time it takes to update claim statuses in practice management or hospital information systems.
New financial performance demands are forcing revenue cycle, financial services and billing professionals to reevaluate their approach to claim monitoring. To unlock the cost savings and smarter workflows they need, it’s critical to deploy tech and tools that can easily automates the process. And not just any tech—you’ll need solutions efficient and flexible enough to meet the unique needs of your organization.
This whitepaper breaks down the most effective strategy for achieving smarter claim monitoring and shows you how to navigate the challenges you’ll face along the way.