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BaseHealth Raises $8.5 Million in Series C Funding

Company uses predictive analytics to uncover rising risk patients within a population

Sunnyvale, California: Oct. 18, 2017 – BaseHealth, the creator of the first predictive, evidence-based, and data-driven population health management solution, today announced that it has received an overall investment of $8.5 million, including $2.5 million from lead investor HBM Healthcare Investments (SIX HBMN), a listed healthcare investment company with net assets over $1 billion.

The investment will be used to further develop BaseHealth’s analytics engine, which is based on peer-reviewed medical literature, curated by physicians and scientists, and enhanced with laboratory, biometric, social, family history and behavioral data. BaseHealth supplements this with retrospective claims and ICD data. The data is then passed through the analytics engine, which uses machine learning and artificial intelligence (AI) to assess patient risk for 43 possible disease threats.

BaseHealth’s approach to population health and value-based care enables healthcare professionals to improve care and reduce the per capita cost of healthcare by identifying the rising unknown risk within their patient population, so they can intervene to both prevent diseases before they start and control them before it’s too late. The “Invisible Patient” is how BaseHealth refers to these individuals. With the right medical intervention at the right time, their healthcare trajectory can be improved.

“Healthcare systems have a lot of data and yet they still have a hard time finding these patients, making it hard to respond proactively to patient care needs,” said Jason Pyle, CEO, BaseHealth. “Our system enables healthcare professionals to assess the unknown risk that exists within their patient population and provide access and critical care needed to both improve our overall population’s health and improve the individual patient’s experience with the healthcare system.”

HBM Healthcare Investments has a track-record of over 100 biopharma and healthcare investments that have resulted in significant value creation by more than 50 trade sales and IPOs since inception.

“We look for companies that are at an advanced stage of development, that are closely tracked and actively guided on their strategic direction. We see a lot of potential in the BaseHealth model in addressing improvements in patient care and controlling costs in the healthcare system,” said Dr. Andreas Wicki, CEO, HBM Healthcare Investments.

About BaseHealth

BaseHealth is the comprehensive predictive analytics company for population health management. The company’s proprietary platform leverages machine learning to sift through millions of medical journals and patient records curated by scientists and physicians to offer healthcare providers the ability to identify patients with underlying risks for 43 chronic diseases and prevent costly treatments before they’re needed. At BaseHealth, we take the guesswork out of risk and population health management and put science in the driver’s seat.

BaseHealth was founded in 2011 by an interdisciplinary team of leading clinical geneticists, healthcare executives, software engineers, and physicians. Learn more at basehealth.com.

October 18, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Siemens Healthineers Supports Population Health Management with Planned Acquisition of Medicalis

  • Siemens Healthineers has signed an agreement to acquire Medicalis Corporation to expand Population Health Management portfolio
  • Medicalis’ expertise and solutions provide workflow orchestration and clinical decision support to health systems
  • Offerings expected to deliver desired service levels at lower costs while improving quality and productivity for healthcare providers

Siemens Healthineers plans to expand its Population Health Management (PHM) portfolio with the acquisition of Medicalis Corporation based in San Francisco and Kitchener, Ontario.  Medicalis is a leading provider of Clinical Decision Support (CDS) Solutions at the point of order entry, Imaging Workflow (IW) management, and Referral Management (RM). By incorporating these offerings into its PHM portfolio, Siemens Healthineers will enable healthcare providers to effectively bridge between PHM at the health system level and at the departmental level.  With an expanded focus on PHM, as well as a new name that underlines the company’s pioneering spirit and engineering expertise, Siemens Healthineers—the separately managed healthcare business of Siemens AG—is helping healthcare providers worldwide meet current challenges and excel in their respective environments.

“The mission of Siemens Healthineers is to be the trusted partner enabling health systems and healthcare providers worldwide to improve medical outcomes and reduce costs,” says Matthias Platsch, Head of Services, Siemens Healthineers. “The addition of Medicalis’ technology solutions to the Siemens Healthineers portfolio complements and supports our offerings in Population Health Management and Value-Based Healthcare, a key priority for our ongoing expansion through our Services business.”

The newly-acquired Population Health Management portfolio will extend the Siemens Healthineers strategy for Value-Based Healthcare across the health system enterprise and hospital departmental levels:

  • Clinical Decision Support provides the mechanism, as defined under the Protecting Access to Medicare Act of 2014 (PAMA), to check appropriateness of imaging orders and enables healthcare providers to define and evolve their standard of care, according to their appropriate use criteria (AUC), based on evidence and best practice. Today, 20%–30% of high-tech imaging procedures fail to provide information that improves patient welfare and, therefore, may represent, at least in part, unnecessary imaging services.
  • Imaging Workflow orchestrates the interpreting physician desktop, streamlining workflow, and standardization of diagnostic pathways for high-impact disease states. It ensures the right specialist, the right tools, a timely read, and prevention of care gaps.
  • Referral Management helps to avoid breaks in care by providing simple appointment scheduling tools, which help a patient schedule examinations in their network. This avoids leakage of patient information to another health system, which breaks communication and causes lost revenue.

In the short term, the solutions developed by Medicalis are expected to address the immediate need for consolidating providers to orchestrate and standardize their imaging workflow and to achieve compliance with the Protecting Access to Medicare Act of 2014, expected to become effective on January 1, 2018, which mandates consultation of appropriateness CDS at the point of order for certain advanced imaging tests. Siemens Healthineers believes these solutions will enable providers to achieve PAMA compliance while retaining control over the content, allowing them to move beyond simple compliance towards truly establishing an evolving standard of care based on evidence and direct health system experience.

“The acquisition of Medicalis will allow us to offer healthcare providers a powerful solution to define, implement, monitor, and evolve their own standard of care for their diagnostic service line,” says Robert Taylor, Head of Digital Services Population Health Management, Digital Health Services, Siemens Healthineers.  “We are excited to support our customers with these innovative tools to remove the variability from key high-impact disease states, to create standardized diagnostic pathways which enhance outcomes, control costs, and when combined with intelligent referral management, improve the patient experience overall.”

The solutions developed by Medicalis allow networks of hospitals (Health Systems/Integrated Delivery Networks) to improve physician productivity, manage patient referrals, and scheduling to enhance the relationship with the patient and ensure clinically appropriate imaging and tests to reduce inappropriate utilization.  Currently, seven of the top 25 Health Systems from Massachusetts to California use solutions developed by Medicalis to increase the quality of care they offer to patients.

“We are eager to be joining Siemens Healthineers and believe that this is a strong fit for our company because of our shared values and pioneering heritage,” says Oran Muduroglu, CEO of Medicalis Corporation. “With Siemens Healthineers, we will be able to broaden the context of our decision support, workflow, and referral management to utilize the full spectrum of diagnostic and therapeutic areas in which Siemens Healthineers operates, to address care gaps, streamline workflow, and help improve the overall experience of healthcare.”

The agreement to acquire the San Francisco, CA, USA and Kitchener, ON, Canada-based company by Siemens Healthineers was signed in April 2017.  Terms of the transaction are not disclosed.  The closing of the acquisition is subject to customary closing conditions.

 

Siemens Healthineers is the separately managed healthcare business of Siemens AG enabling healthcare providers worldwide to meet their current challenges and to excel in their respective environments. A leader in medical technology, Siemens Healthineers is constantly innovating its portfolio of products and services in its core areas of diagnostic and therapeutic imaging and in laboratory diagnostics and molecular medicine. Siemens Healthineers is also actively developing its digital health services and enterprise services. To help customers succeed in today’s dynamic healthcare marketplace, Siemens Healthineers is championing new business models that maximize opportunity and minimize risk for healthcare providers.

In fiscal 2016, which ended on September 30, 2016, Siemens Healthineers generated revenue of €13.5 billion and net income of over €2.3 billion and has about 46,000 employees worldwide. Further information is available at www.siemens.com/healthineers.

April 19, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

CareSkore Releases Industry’s First Population Health Management as a ServiceTM

PHMaaSTM Provides 3rd-party Apps Full Access to Complete Suite of Machine-learning Analytics through API

Mountain View, CA – February 9, 2017CareSkore, the leader in end-to-end personalized population health management, announced today the release of its Population Health Management as a ServiceTM (PHMaaSTM), providing direct access to its extensive machine-learning analytics engine to 3rd-party applications through an API.

“PHMaaS completely changes the game for how organizations adopt population health management,” said Jaspinder Grewal, CEO of CareSkore.  “We have too many proprietary application interfaces in health care.  PHMaaS allows us to provide insights within existing applications that are already part of user workflows.  Now patient-specific clinical, financial, and behavioral risk stratification is as simple as making a seamless API call from within your existing EHR and other applications.”

CareSkore’s personalized population health management SaaS platform incorporates advanced real-time analytics and innovative AI-based patient engagement to deliver optimized quality of care.  CareSkore PHMaaS provides existing health care IT systems seamless access to its machine-learning-based, real-time analytics engine, aptly called Zeus, through a simple API call.  Now EHRs, middleware platforms, enterprise data warehouses, clinical information networks, and health information exchanges that are already deployed can provide Zeus with real-time internal clinical and claims data and have Zeus augment that with external intelligence specific to every patient on things like demographics and socio-economic characteristics.  The output is patient-specific predictive analytics with a focus on how providers can quickly operationalize those insights. 

Traditional analytics typically achieve accuracy between 60 and 70%, while CareSkore can deliver greater than 90% accuracy to help create a full view of each patient.  This superior capability is driving rapid growth, with customers increasing 1,000% and headcount rising 12x in 2016.  By the end of 2017, CareSkore expects to be deployed in hundreds of locations.

“CareSkore has dramatically simplified the implementation of advanced patient-specific analytics,” said Rohit Arora, Professor and Chairman of Cardiovascular Medicine, Chicago Medical School.  “Access through and integration with existing EHR and other apps significantly lowers the barriers to adoption and deployment.”

CareSkore will exhibit at HIMSS 17 in Orlando in booth 1623 from February 20-22, 2017. To schedule a demo of the PHMaaS solution, go tohttp://resources.careskore.com/himss-2017.

About CareSkore

CareSkore is the leading provider of personalized population health management, leveraging machine-learning to generate real-time predictive and prescriptive analytics to understand each patient you are managing, what you are managing them for, and how you are/should be managing them.  CareSkore’s AI-enhanced post-discharged engagement reduces risk of patient behaviors that could lead to poorer outcomes.  CareSkore’s end-to-end patient care management platform ensures quality results and maximum revenue with value-based contracts.

February 9, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Amazing Charts Makes Five Predictions for Health IT in 2017

BOSTON, MA–(Marketwired – December 01, 2016) – Amazing Charts, LLC, a leading developer of Electronic Health Record (EHR) and Practice Management (PM) systems for physician practices, today issued five health IT predictions for 2017.

#1 Telemedicine will no longer be futuristic. Contrary to popular belief, telemedicine does not necessarily mean live video conferencing with a physician halfway across the country who lacks a full picture of the patient’s health status. Patients would rather receive “low tech” remote care from a local primary care physician they already know.

Telemedicine happens whenever an EHR system adds to a patient’s clinical chart the messages, pictures, or videos sent securely via smartphone. Use of smartphones for telemedicine will further increase with the introduction of add-on hardware for real-time collection of biometric data such as temperature, blood pressure and pulse.

This trend will be fueled by the expansion of reimbursement for non-face-to-face services. Medicare’s new billing code for Chronic Care Management is just one example of how the future of value-based care is not about 15-minute office visits, but instead keeping patients out of the office with follow-up phone calls about medications and answering patient questions via text.

#2 Practices will focus on reengineering patient access. As part of Medicare’s new Quality Payment Program, the Merit-based Incentive Payment System (MIPS) is designed to encourage providers to expand patient access with “practice improvement activities,” such as same-day appointments for urgent needs, longer office hours, and after-hours clinician advice.

Physicians also want to shift the responsibilities such as appointment scheduling from the office staff to the patient. Delegating that type of chore to the patient saves the staff time; and, patients not only don’t mind doing the work, they perceive value in self-service options that give them total control.

While tablet-based patient intake solutions have not become widespread because the hardware is costly and requires complex systems integration, simple web forms and PDF attachments can get the job done just as well.

#3 Physicians will get financially creative. A host of factors is pushing independent physicians to be more financially creative. These include the frustrations of making claims to insurance carriers, the new Medicare fee-for-value payments creating uncertainty in gauging reimbursement levels, and burnout with the “corporate medicine” model of seeing dozens of patients each day for lower fees.

One example of financial creativity is the direct care model which establishes a financial relationship between patient and provider, cutting out the middleman of insurance payers. This model includes concierge and direct primary care, where patients become members who pay a fixed monthly fee for unlimited care. There are also a growing number of cash-only practices for walk-in and urgent care.

Beleaguered small practices under financial stress are also looking for novel ways to generate cash. The new rules allowing reimbursement of telemedicine and other non-face-to-face services will encourage physicians to bill for activities they were already doing for free, such as phone calls with patients to discuss medications.

#4 Physicians will opt out of Medicare thanks to MACRA. Like all well-intentioned laws, The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) will have unintended consequences. Some providers in small independent practices will either opt-out of Medicare entirely, or decline to accept new Medicare patients if they currently fall below the threshold for exemption (less than $30,000 in Part B billings or 100 Part B patients).

To ease small practices into MACRA, the Final Rule issued by the Centers of Medicare & Medicaid Services (CMS) relaxed many of the requirements for 2017. By 2018, however, MACRA starts to impose more financial risk and stricter reporting requirements with less clarity around the return on investment. Small practices might just drop Medicare altogether and transition to a direct-care practice based on cash, membership, or a hybrid (see prediction #3 above).

#5 EHRs will become more interoperable. The next certification cycle from the Office of the National Coordinator for Health Information Technology (ONC) positions the EHR as a secure repository, allowing certified ancillary tools to be “snapped” into it. This will be driven by a new Application Programming Interface (API) called Fast Healthcare Interoperability Resources (FHIR). FHIR is a more granular way to exchange data without the rigid workflow of traditional Health Level Seven International (HL7).

Providers will benefit from the broader choice of technology solutions that can be used alongside the EHR to improve overall outcomes. Amazing Charts is currently developing a FHIR API to connect our EHR with other best-of-breed vendors for solutions such as population health management. This way small practices can leverage their investments in EHR systems to the maximum extent possible.

Furthermore, MIT researchers have proposed a cryptocurrency-backed system (like Bitcoin), called MedRec, for managing medical records that use the Ethereum blockchain. It is a novel, decentralized record management system for EHRs that uses blockchain technology to manage authentication, confidentiality, accountability, and data sharing.

About Amazing Charts

Amazing Charts provides Electronic Health Records (EHR/EMR), Practice Management, and other Health IT solutions to healthcare practices. Based on number one user ratings for usability, fair pricing, and overall satisfaction, Amazing Charts EHR has been adopted by more than 10,000 clinicians in over 7,100 private practices. Founded in 2001 by a family physician, today Amazing Charts, LLC operates as a subsidiary of Pri‐Med, an operating division of Diversified Communications (DC) and a trusted source for professional medical education to over 275,000 clinicians since 1995. Visit www.amazingcharts.com for more information.

Amazing Charts is a trademark of Amazing Charts, LLC. All products or service names mentioned herein are trademarks of their respective owners.

December 1, 2016 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Greenville Health System Selects Caradigm for Population Health

Caradigm Solutions to Play Critical Role in Greenville Health System’s Clinical Integration Efforts

BELLEVUE, WA – March 4, 2015 – Caradigm, the leader in enterprise population health, today announced that Greenville Health System (GHS) – the largest not-for-profit healthcare system in South Carolina – has selected Caradigm to help execute its population health strategy.

In developing its population health strategy, GHS recognized a need to standardize care models, risk stratification processes, and underlying data flow and analytics across its diverse system. The organization also understood that it would face a number of challenges, including disparate electronic medical record systems and health information exchanges. After an extensive evaluation, GHS concluded that Caradigm’s exclusive focus on population health and cloud-based delivery was best suited to meet its current and long-term needs for managing the clinical and financial risks of patient populations.

“Our goal is to improve care, reduce costs and enhance the patient experience across the entire continuum of care,” said Dr. Angelo Sinopoli, vice president of clinical integration and chief medical officer for GHS. “We believe that Caradigm has the right approach to population health, and by working together, we can achieve our goals more quickly.”

GHS will implement Caradigm’s Care Management, Quality Improvement and Risk Management solutions, as well as the Caradigm Intelligence Platform and Knowledge Hub. Through the implementation and use of these solutions, GHS will expand its insights to its patient populations by leveraging patient data stored in multiple, disparate systems across sites, with the ability to analyze, stratify and manage patient populations based on clinical outcomes and financial risk. Caradigm’s engagement with GHS will initially focus on patient population management for its participation in the Medicare Shared Savings Program and improved management of its self-insured employee and dependent lives.

“Caradigm is extremely impressed by the leadership position Greenville Health System is taking in population health and its commitment to achieving the highest levels of healthcare excellence while managing costs,” said Michael Simpson, CEO of Caradigm. “It is extremely gratifying to work with an organization like GHS, which recognizes that the shifts occurring in health care require new thinking and solutions to address a long-term strategy for population health.”

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About Greenville Health System

Greenville Health System (GHS) — an academic health system that is the largest not-for-profit healthcare delivery system in South Carolina — is committed to medical excellence through research, patient care and education. GHS offers patients an innovative network of clinical integration, expertise and technologies through its eight medical campuses, tertiary medical center, research and education facilities, community hospitals, physician practices and numerous specialty services throughout the Upstate. The 1,358-bed system is home to 15 medical residency and fellowship programs. GHS is also home to the University of South Carolina School of Medicine Greenville, a joint effort of USC and GHS. To learn more, visit ghs.org.

About Caradigm (www.caradigm.com)

Caradigm is a population health company dedicated to helping organizations improve care, reduce costs, and manage risk. Caradigm analytics solutions provide insight into patients, populations, and performance, enabling healthcare organizations to understand their clinical and financial risk and identify the actions needed to address it. Caradigm population health solutions enable teams to deliver the appropriate care to patients through effective coordination and patient engagement, helping to improve outcomes and financial results. The key to Caradigm analytics and population health solutions is a rich set of clinical, operational, and financial data delivered to healthcare professionals within their workflows in real time. Visit: www.caradigm.com.

March 5, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.