U.S. hospitals want Congress to forgive $100 billion in Medicare loans that were made earlier this year to help the healthcare system amid the coronavirus crisis, CNBC reports. The problem comes from the fact that the administration will begin withholding new Medicare payments Aug. 1...
Getting U.S. patients to use telehealth services was a challenge in a pre-COVID world, with JD Power finding that only 10 percent of consumers used telemedicine in 2019. But then the pandemic hit, doctors’ offices shut down and patients and providers suddenly saw telehealth in a new light. A recent study of patient visits at...
Trying to make big changes to how medical care gets delivered and paid for was a slow, uphill battle until COVID-19 hit, Ryan Krause, vice president at healthcare software company Epic Systems, told PYMNTS in a recent conversation. But the industry is making major pivots on...
If the U.S. is serious about fixing the cost of healthcare, then it’s time to focus on one of the root causes of its spiraling costs: the roughly 20 percent of U.S. patients who have chronic conditions drive about 85 percent of America’s total annual...
Microsoft and Chicago-based Allscripts are extending “their long-standing strategic alliance to enable the expanded development and delivery of cloud-based health IT solutions.” The move comes as the COVID-19 pandemic has moved telehealth into mainstream medicine. In a press release, the companies said that “the five-year...
The greatest health crisis in a generation is poised to accelerate innovation at the intersection of healthcare, technology and payments as never before. From telehealth to new financing options for patient treatments to big retailers like Walmart, Walgreens and CVS mashing up retail with healthcare,...
Call it the Amazonification of healthcare. In an interview with Karen Webster, Truepill Co-Founder and President Sid Viswanathan and CEO Umar Afridi said that the staid pharmaceutical industry is due for a jolt from technology (specifically application programming interfaces or APIs), and a direct-to-consumer (DTC)...
As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance policies called Walmart Insurance Services LLC. The business’ moniker was initially filed late last month in Arkansas with the secretary...
It may be the blackest of black boxes. The pandemic, with its public health fears, has trained a spotlight on the labyrinth of the healthcare industry — specifically, billing, the mess of codes and charges and paper statements that puzzle patients and have providers chasing...
