Text message-based concierge care provider Summer Health announces $7.5 million in seed funding. The initial version of the company’s app focuses on pediatric-focused urgent and developmental care. Summer Health currently offers its services, which include expert advice, milestone workups, referrals for in-person care, and prescription and lab tests, for $20 per month.
August 10 (Wednesday) 12:30 ET. “Navigating healthcare’s data quality challenge: An actionable discussion.” Sponsor: Intelligent Medical Objects. Presenters: Alastair Allen, CTO, Better; Dale Sanders, chief strategy officer, IMO. Achieving a consolidated patient record is challenging in an environment of hospital M&A, where EHR rip-and-replace projects are expensive and HIEs and FHIR connectivity haven’t significantly accelerated progress. The underlying problem is that systems don’t speak the same language due to a lack of comprehensive, persistent clinical terminology and data standards adoption. UK-based Better offers a unique, FHIR-based approach to integrating disparate EHR data. The presenters will explore how to improve clinical data quality and how interoperable information can be used to support patient safety, reimbursement, and population health management.
Acquisitions, Funding, Business, and Stock
Healthcare payments startup Sift Healthcare raises $9 million in Series A funding.
NextGen’s revised 2023 revenue and earnings estimates cause shares to drop 5% in after-hours trading. The company reported 5% revenue growth for Q1 2023, with fully diluted EPS dropping slightly.
Victoria Giambattista (CareRev) joins TSI Healthcare as VP of marketing.
Announcements and Implementations
Greenway Health announces GA of medical coding services.
Research and Innovation
MGMA’s latest report on costs and revenues finds that:
- Productivity at physician-owned practices are lower than pre-pandemic/2019 levels.
- Revenue increased last year, jumping especially at physician-owned, non-surgical practices.
- Similar practices saw operating costs increase between 2020 and 2021.
Researchers determine that embedding digital versions of paper-based patient surveys within EHRs enables easier data collection, which in turn leads to increased research efficiency and decreased survey-related labor costs. Survey data can also be tied to a patient’s medical record for contextualization.
Perhaps appointments will be discounted during Prime Day?
- EClinicalWorks releases a new customer success story featuring Orthopaedic Institute of Ohio, “Prisma: How Better Data Improves Care and Reduces Costs.”
- Nordic releases a new episode of its “DocTalk” video series.
More news: HIStalk.