While they don’t yet represent a direct threat to traditional skilled nursing providers, several marquee retail brands have made significant bets on the senior care space as the population ages — with a specific focus on keeping seniors healthy and out of institutional settings. Electronics retailer Best Buy’s (NYSE: BBY) recent moves into the senior […]
Category: Technology
Data continues to be the watchword in a skilled nursing marketplace where hospitals and other referral partners demand increasingly concrete information about post-acute outcomes. In response, numerous tech companies have stepped into the fray to provide potential solutions — from data analytics tools that can identify serious health issues before they escalate to a hospitalization, […]
Though data sharing between acute and post-acute care facilities remains a frustration for operators and patients alike, the PAC space may actually be running ahead of their hospital counterparts when it comes to using in technology. That’s according to a new white paper from Toronto-based software provider PointClickCare (PCC) on patient transitions, which examined data […]
A major post-acute provider association in the state of Maryland has partnered with an analytics company to form a network of skilled nursing facilities, with the goal of generating millions in Medicare savings for the state of Maryland. The network will span the state of Maryland and connect approximately 60 to 80 SNFs and their […]
In a nod to the importance of data under the Medicare reimbursement overhaul coming October 1, a Texas skilled nursing provider is adding data analytics to all of its facilities — more than 70 throughout the Lone Star State. Creative Solutions in Healthcare, based in Fort Worth, Texas, and Real Time Medical Solutions earlier this […]
As patient acuity climbs and referral sources become more choosy about their skilled nursing partners, a variety of tech tools have emerged to help providers looking to improve their clinical outcomes and thrive in a value-based world. But to do that, they’ll have to overcome the challenge of implementing technology in the long-term care setting […]
Skilled nursing providers are becoming increasingly interested in telehealth technology as a way of improving clinical outcomes and reducing care costs. But systemic obstacles blocking capital investment — and SNFs’ generally narrow margins — and cultural resistance mean that it’s hard for providers to implement the technology, Lana Adzhigirey, care transformation manager at the health […]
The largest skilled nursing provider in Florida moved to bolster its diagnostic capabilities with an eye toward reducing costly hospital readmissions. Consulate Health Care late last month announced a partnership agreement with TridentUSA Health Services to provide radiology, ultrasound, and laboratory services to Consulate’s senior care facilities across the U.S. The terms of the deal […]
Outpatient software provider Net Health on Tuesday announced a plan to acquire Optima Healthcare Solutions, expanding its presence into the post-acute marketplace. The Pittsburgh-based Net Health — which offers software platforms for about 3,000 urgent care, physical therapy, and other outpatient clinics across the country — positioned the move as a strategic push to extend […]
Skilled nursing-focused telehealth provider Call9 attracted $34 million in venture capital from sources as diverse as the former chairman of tech incubator Y Combinator to actor Ashton Kutcher. But in the end, that cash and high-profile attention wasn’t enough to carry Call9, which is in the midst of suspending its operations, to success in today’s […]
Call9, a startup that raised tens of millions of dollars to expand its model of in-house emergency care at skilled nursing facilities, is winding down operations and restructuring its remaining assets. CNBC first reported the news Tuesday afternoon; about 100 employees have been laid off as part of the wind-down process, according to the outlet. […]
In just two years, Ford Motor Company’s (NYSE: F) medical transportation business has gone from an idea to a fleet of 60 vehicles serving clients in two states, and Detroit has its sights set on a wider presence in the post-acute and long-term health space in the years to come. Founded in March 2017 by […]
Data has quickly become king in the increasingly challenging skilled nursing world, but the question of how different providers along the care continuum can use that data remains a sticking point. Upgrading a building’s electronic health record (EHR) distribution system from fax machines to cloud data solutions is the first step. The information, however, doesn’t […]
When the Allure Group decided to pursue a new physician telehealth partnership, leadership didn’t want to jump in headfirst — and instead turned to a kind of audition process to pick its eventual partner. For about a year and a half, the six-building chain tested out two separate telemedicine providers in two facilities, with president […]
Skilled nursing facilities are being pushed by both the health care system at large — and, more directly, their referring hospital partners — to improve outcomes and lower readmissions, while also saving money. To accomplish those aims, it’s essential for SNFs and hospitals alike to have a handle on their data — but that process […]
With increased pressure to improve skilled nursing outcomes and advances in technology, telehealth providers have emerged as a key target of attention from operators and investors alike. But that investment won’t provide the intended returns if the workers at the building level don’t fully buy into an operator’s overall telemedicine strategy, according to a telehealth […]
Implicit in the government’s decision to allow Medicare Advantage plans to cover telehealth services with federal dollars is a question: Just because insurance plans legally can do it, will they? At least in the early going, multiple providers of telehealth tech to skilled nursing operators have said yes — and the promise of plan savings […]
The Centers for Medicare & Medicaid Services (CMS) on Wednesday announced an open challenge to tech providers, dangling $1 million for the algorithms that can best predict potential admissions to skilled nursing and other health facilities. With the Artificial Intelligence Health Outcomes Challenge, CMS hopes to entice tech firms and individuals to compete against each […]
A company that develops care coordination software similar to Slack has raised $2.5 million in a funding round aimed at expanding its reach to more hospitals and post-acute care facilities. Launched a little over a year ago, Olio aims to break down the barriers between hospitals and their post-acute partners by facilitating easy communication among […]
The developer of a software platform that has brought substantial hospital readmission cuts to skilled nursing facilities now has a $10 million cash influx to expand its footprint. Real Time Medical Systems raised that haul in a successful funding round involving multiple investors led by SunBridge Capital, Real Time founder and executive chairman Scott Rifkin […]
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