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Healthcare Happenings

Chief Patient Experience Officer – Fad or Critical Emerging Role?

The C-suite contains quite a dazzling array of acronyms from CMO (Chief Marketing Officer or Chief Medical Officer) to CTO (Chief Technology Officer or in some cases Chief Talent Officer) to CDO (Chief Design Officer) and CBO (Chief Business Officer). And just when you thought you knew them all, along comes a new C, the CXO, or Chief Patient Experience Officer. The CXO’s Job: Patient Satisfaction A CXO is responsible for bringing executive level focus on the overall patient experience. A positive patient experience depends on many factors in addition to the quality of care provided by the doctors and […]

Luma Health

Healthcare Happenings

3D Printing and the Future of Care

Ever since the world’s first 3D printer was built in 1983 by Chuck Hall, this technology has steadily progressed into one of the biggest game changers in the medical field. In just the year 2014, the 3D-printing industry grew by 35.2%. The impact of this technology will be seen across the medical board, from increased cost efficiency, faster prototyping, and innovative problem solving–all coming together to better patient health outcomes. A More Affordable Treatment Option Produced through a process called additive manufacturing, 3D printing creates a solid object from a multi-layered digital file blueprint. This can be used with material from plastic or metal powders, […]

Aliya Hall

Healthcare Happenings

June 2018 Healthcare Hot Takes: athenahealth for $7 billion–going once, going twice, sold?

Healthcare Hot Takes is Luma Health’s monthly rundown of healthcare innovations happening right now. Check out what the industry is thinking, reading, doing. STORY #1 Athenahealth receives $6.9 billion buyout offer. At the HLTH conference in Las Vegas this past month, the biggest news was that activist investor Elliott Management, led by notable businessman Paul Singer, submitted an unsolicited bid to buy out athenahealth for nearly $7 billion. The all-cash offer of $160 per share came at a 27% premium for the EHR company, which reported “weaker than expected” earnings in Q4 of last year. With this bid, Singer hopes to take athenahealth back into […]

Ramesh Munnangi

Healthcare Happenings

3 Ways Blockchain Could Transform Healthcare

It may be best known as the foundation for the cryptocurrency Bitcoin, but blockchain technology is also causing a buzz for its potential applications in healthcare. How does it apply, anyway? To put it very simply, blockchain technology makes it possible to store and access information in a distributed network, while precisely recording any changes to that information. It also makes it nearly impossible to tamper with the data in the blockchain, or to gain unauthorized access, which is why it works so well for currency. But the financial world isn’t the only industry that can benefit from this technology. In fact, before blockchain […]

Meg Kramer

Healthcare Happenings

The Promise of Artificial Intelligence in Healthcare

Artificial intelligence (AI) technology holds a lot of promise for the healthcare industry. If implemented well, tasks that are tedious, repetitive, or prone to human error could be automated, freeing human workers to set aside the paperwork and focus on caring for patients. Not everyone expects AI to bring about a techno-utopia, though. For example, in January 2018 the online learning platform MindEdge surveyed 1,000 managers about the use of robotics and artificial intelligence in their industries. For healthcare in particular, they found that artificial intelligence has 21 percent of employees worried about their long-term job security. Healthcare Workers and Artificial Intelligence In any industry, […]

Meg Kramer

Healthcare Happenings

May 2018 Healthcare Hot Takes: Hello Mega-Mergers, Goodbye Primary Care

Healthcare Hot Takes is Luma Health’s monthly rundown of healthcare innovations happening right now. Check out what the industry is thinking, reading, doing. STORY #1 Mega-mergers are transforming healthcare by forcing primary care out. From 2012 to 2016, office visits to primary care physicians fell by 18 percent. One cause for this: the emergence of retail and health insurance mega mergers. More than ever before, patients are choosing to get basic health care from one of the approximately 12,000 retail clinics and urgent cares throughout the nation. The convenience of being able to get care at a local CVS or Walmart is of […]

Ramesh Munnangi

Healthcare Happenings

Fight Administrative Costs with Smart Technology

Administrative costs are a growing goliath in the American healthcare industry. This year, 30 percent of all healthcare costs will be administrative in nature, from billing to coding, schedule keeping, wrangling with insurance providers, maintaining patient relations, and all the rest of your medical practice’s day-to-day operations. Unsurprisingly, at a cumulative cost of $320 billion dollars per year, America leads all nations in overall admin expenses. What’s worse is that administrative costs have shown little positive effect on the quality of medical care offered. In fact, according to a recent study, there may actually be an inverse relationship between the quality of care […]

Luma Health

Healthcare Happenings

April 2018 Healthcare Hot Takes: Here we go again…Walmart in talks to buy Humana

Healthcare Hot Takes is Luma Health’s monthly rundown of healthcare innovations happening right now. Check out what the industry is thinking, reading, doing. STORY #1 Walmart is in preliminary talks to acquire health insurer Humana. American retail giant Walmart is in early negotiations with Humana to become one of the country’s largest health insurers. No deal has yet been made, but a likely course of action is for Walmart to absorb Humana and its operations. Due to pressure from earlier acquisitions in the industry (See Amazon-Whole Foods/Amazon-JPMorgan-Berkshire Hathaway, CVS-Aetna, and Cigna-Express Scripts), Walmart is exploring this merger in order to stay competitive within a […]

Ramesh Munnangi

Healthcare Happenings

5 Questions to Ask When Assessing Your Medical Practice’s Competition

Understanding how your practice stacks up amongst competitors is key to navigating the healthcare industry successfully. With the consumerization of healthcare, patients not only have more choices in the care they receive but more control over their choices as well. This makes it exponentially more important to understand the landscape of your industry and manage your practice’s reputation effectively in order to position your practice as a competitive one. Not sure how to begin evaluating where you stand? According to strategic healthcare consultant, Nick Hernandez, these are the key questions you should be asking about your competitors in order to figure […]

Luma Health

Healthcare Happenings

March 2018 Healthcare Hot Takes: Uber Could Be Your Next Ride to the Doctor’s Office

Healthcare Hot Takes is Luma Health’s monthly rundown of healthcare innovations happening right now. Check out what the industry is thinking, reading, and doing. This month, we’re talking about some more big tech crossovers into healthcare, from Apple to Uber, and all the wearables and telemedicine in between. STORY #1 Uber is entering into the healthcare space with Uber Health. Uber is joining the healthcare party with Uber Health, a ride-sharing platform specifically designed for healthcare providers, clinics, hospitals, and more to ensure that patients have a ride to their medical appointment. Similar to other ride-hailing services working in the healthcare […]

Ramesh Munnangi

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