Where healthcare challenges find solutions
Patients are increasingly reaching into their own pockets to cover the cost of healthcare. They want more information about costs and ways to conveniently pay their bills while providers want to maintain healthy margins. Read more about innovative payment tools.
HHS Secretary Alex Azar faces a hard slog to make healthcare prices and out-of-pocket costs public, particularly since many providers and drugmakers have resisted even while saying they support the concept.
A bipartisan group of House lawmakers are banding together to create the Healthcare Innovation Caucus, promising legislation to support the move to value-based care.
VisitPay is teaming up with JPMorgan Chase to offer health systems recourse financing that it says aims to salvage relations with patients, contrary to traditional debt sales.
Merchant service providers compete with banks to offer health systems payment processing solutions, an important but complicated service that involves ensuring payments are credited to the correct accounts and linking different parts of a system into a unified billing portal.
Small employers aiming to take advantage of bundled payment programs often lack the volume to negotiate favorable terms with providers. Enter Carrum Health, which aggregates data from self-insured firms and acts as a bundle broker.
As medical devices become more complex, users frequently lack sufficient training. Traditionally, manufacturer representatives or surgeons give new users a couple hours of training, and then leave them on their own.
It can be uncomfortable for staff members at hospitals to ask patients for personal information such as race and ethnicity. But experts say the data can help providers better address disparities in healthcare access and quality of care.
The constant, complicated stream of administrative documents flooding healthcare providers' back offices involved in fulfilling purchase orders, replacing equipment and tracking warranty credits can pose financial risks, but new software aims to help.
If funding were all that mattered, Kyle Rolfing would have based Bright Health somewhere other than Minneapolis. But for Rolfing, president of the consumer-oriented health insurance company, says success starts with talent.
Spectrum Health wants to help shape healthcare delivery of the future, not react to it.
The Transformation Hub is produced in partnership with Avia, an organization that provides information and insight about healthcare transformation. Modern Healthcare is solely responsible for the editorial content of the Transformation Hub and submission is open to all organizations.