Health IT Business News, Financial Edition – December 19, 2024

Trending News

Waystar named one of the 2024 Best Places to Work For by Utah Business
Waystar is proud to be named one of the 2024 Best Places to Work For by Utah Business.

Lloyd’s of London Launches First-of-its-kind Consortium Built on HITRUST Certification to Shape the Future of Cyber Insurance
HITRUST, the leader in information security assurances for risk and compliance management, unveiled an innovative cyber insurance consortium in collaboration with Lloyd’s of London and backed by a network of globally recognized AA-rated insurers. This first-of-its-kind shared risk facility revolutionizes the cyber insurance landscape, delivering exclusive, market-leading coverage and rates to organizations with HITRUST certifications worldwide.

MultiCare Reduces Endoscopy Cancellations and No Shows—Enhancing Efficiency with SeamlessMD
MultiCare Health System has achieved remarkable improvements in endoscopy patient outcomes and operational efficiency through its partnership with SeamlessMD. By implementing tailored Digital Care Journeys, MultiCare has empowered patients, streamlined workflows, and reduced cancellations and no-shows.

Infinx Completes 2024 HIPAA Assessment Across Global Operations
Infinx, a trusted provider of AI-powered solutions for patient access and revenue cycle management, is proud to announce the successful completion of its 2024 HIPAA Assessment, conducted by Ernst & Young (EY), with compliance verified across all applicable domains of the HIPAA Privacy Rule, Security Rule, and Breach Notification Rule.

Contract Announcements

Sanford Health Partners with Availity for Revenue Cycle Management
Availity®, the nation’s largest real-time information network, announced that Sanford Health has selected Availity Essentials Pro™ revenue cycle management solution. The agreement will simplify the health system’s claim and payment processing through an integrated, all-payer clearinghouse with pre-service, post-service, and post-adjudication capabilities.

UC Health Boosts Frontline Workforce Enablement with Technology from Laudio
Laudio, a provider of frontline leader solutions that drive efficiency and engagement for health systems, announced that University of Cincinnati Health (UC Health), an integrated academic health system serving Greater Cincinnati and Northern Kentucky, is implementing Laudio’s AI-enhanced leader operations platform.

Luna Partners with Leading Academic Medical Center to Expand Access to In-Home, Outpatient Physical Therapy Services
Luna, a provider of in-home, outpatient physical therapy (PT), has partnered with Duke Health to broaden access to PT services for over 1.3 million residents. The new collaboration will start taking appointments in February 2025, and patients seeking care will receive safe, high-quality PT conveniently delivered to their homes.

Abundant Health Acquisition (aha!) and Americaneagle.com Offer New Patient Experience Capabilities to Drive Value
Abundant Health Acquisition (aha!) is pleased to announce its inaugural implementation partnership with Americaneagle.com, a premier digital agency and Sitecore Platinum Implementation and Hosting Partner, to help healthcare clients of both companies modernize and customize their patients’ digital experience without having to depend on a full website replatform.

Palomar Health Partners with PayZen to Transform Healthcare Affordability
Palomar Health, California’s largest healthcare district, is proud to announce its partnership with PayZen, a technology company tackling healthcare affordability with AI-powered solutions. This collaboration marks a significant step forward in providing Palomar Health patients with seamless, interest-free payment options while enhancing their access to care.

Nashville General Hospital Implements Oracle Health CommunityWorks to Simplify Clinician Experience, Enhance Patient Care
Nashville General Hospital (NGH), Middle Tennessee’s public safety-net hospital serving Davidson County and Nashville, Tennessee, is using Oracle Health CommunityWorks to better support its clinical, financial, and operational needs.

Venture Capitol and Funding

Promise Bio Emerges from Stealth with $8.3M Seed Investment to Transform Precision Medicine for Immune-Mediated Diseases
Promise Bio, a startup transforming immune-mediated disease treatment with advanced precision medicine solutions, announced its emergence from stealth with an $8.3 million seed investment.

Confido Health secures $3M to put AI-powered digital workers on healthcare’s front lines
Despite the rapid adoption of digital tools, healthcare practices still rely heavily on manual workflows, with staff spending countless hours on phone calls, paperwork, and fragmented systems. While most solutions focus on automating individual tasks, Confido Health announced a $3 million funding round to tackle a more ambitious challenge: creating digital workers that manage end-to-end operations in specialty healthcare practices.

Making the Cut, Milestones, Accolades, Awards and More

ACOs Using Lightbeam Solutions Report Record MSSP Savings in PY23, Driving Cumulative Savings Beyond $3 Billion Milestone
Lightbeam Health Solutions, a provider of population health enablement technology and solutions, proudly announces that Accountable Care Organizations (ACOs) using Lightbeam’s solutions generated nearly half a billion in gross Medicare Shared Savings Program (MSSP) savings in Performance Year (PY) 2023.

Omega Healthcare Named a Leader in the Everest Group Revenue Cycle Management (RCM) Operations PEAK Matrix® Assessment, 2024
Omega Healthcare announced that it has been recognized as a “Leader” in the Revenue Cycle Management (RCM) Operations PEAK Matrix® Assessment, 2024, by Everest Group, continuing its legacy as a “Leader” in the evaluation since 2017.

Brook.ai Wins Merit Award for AI-Powered Remote Care Management Platform
Brook.ai, a provider of remote patient care management and AI-powered health support, announced that it has been recognized by the Merit Awards for healthcare as a 2024 gold winner in the Connected Digital Health category.