Change Healthcare — a provider of health IT software that ranges from network data analytics to revenue improvement — announced this morning the acquisition of several key assets from blockchain-focused API startup PokitDok, including its software, IP and employees. Terms of the deal were not disclosed.
It’s hard to have a conversation about technology innovations in 2018 without stumbling into the realm of blockchain. Since it first appeared on most people’s radars — thanks to the ever-turbulent bitcoin and other cryptocurrencies — financial organizations, major retailers and even governments have investigated whether or not the trendy technology has something to offer.
For healthcare, blockchain is continually transitioning from an obscure technology to a viable tool for various administrative and data-focused use cases. But while players big and small might be curious about its potential, they’ll also need to put their money where their mouth is when it comes to pilots and partnerships dedicated to the distributed ledger technology.
According to IDC, 20 percent of healthcare organizations will be using blockchain by 2020. So should startups in the healthcare space be using it now? Well, not necessarily. While many digital health startups are putting blockchain to good use, for others it might be premature, or even extraneous.
In a category-defining piece written more than two years ago, Matthew Schuster and Dan Gebremedhin surveyed market drivers and companies innovating in Behavioral Health (BH) technology. In this article, we will revisit the macro issues identified in 2016, evaluate how the market has changed, and contemplate how promising BH tech companies can pursue opportunities that not only create impact, but also achieve elusive product market fit.
As America rises to greet the new year, its leaders remain in a funding dispute over border security that has so far resulted in 13 days of a partial government shutdown. While the deadlock is certainly having a prolonged impact on more than 420,000 government employees who are working without pay, and the 380,000-plus who have been furloughed, each passing day threatens greater challenges for the numerous industries that rely on federal services.
The platform will now let users share health records with pharma companies, health systems and insurers for remuneration.
In yet another move into the healthcare space, Amazon Web Service (AWS) has added to its collection of HIPAA-eligible services, which now includes machine learning tools Amazon Translate, Amazon Comprehend and Amazon Transcribe.
The Centers for Medicare and Medicaid Services has locked in a rule that will allow home health agencies to report the cost of remote patient monitoring for reimbursement under Medicare. According to the announcement, released yesterday, this rule will be implemented in 2020.
California passed the most comprehensive privacy law in the U.S. on June 28, 2018, with a compliance date of January 1, 2020. For mobile health app developers, that date may seem far away, but the California law will require significant and challenging operational changes. It is unclear whether the law will apply to protected health information of mobile health app developers who are business associates under HIPAA. But for more consumer-focused apps that fall outside of HIPAA, the California law will certainly require significant changes, ranging from updating privacy policies to implementing a consumer right of erasure. The law will affect most businesses that do business in California and have information about California residents, even if the business is located outside of California.