Tag: healthcare

14
Oct
2020
Posted in technology

HCA Healthcare Returning $6 Billion In Federal Coronavirus Aid

It’s rare when a company returns federal money. It’s rarer still when that money amounts to billions of dollars. Yet that’s the situation with top U.S. hospital operator HCA Healthcare (NYSE:HCA), which aims to return gobs of government largesse from whence it came.

All told, HCA announced that it’s planning to return roughly $6 billion, $1.6 billion of which consists of federal COVID-19 grants and $4.4 billion in Medicare loans. Both were provided as part of the government’s Coronavirus Aid, Relief, and Economic Security Act (CARES) passed in the early stages of the current pandemic.

HCA benefited from the loans and grants bestowed upon operators of healthcare facilities to help keep them afloat.

The company will pay those funds back because it continues to thrive, even though many elective surgeries have been postponed or canceled in the face of the coronavirus.

Last week HCA published a “preview” of its Q3 of fiscal 2020 results, indicating year-over-year revenue growth approaching 5%, to an estimated $13.3 billion. It is also projecting only a relatively modest drop in profitability, with non-GAAP (adjusted) EBITDA — earnings before interest, taxes, depreciation, and amortization — sliding to around $2.03 billion from the year-ago result of almost $2.29 billion.

“During the early days of the pandemic, the Company took a conservative approach which included a number of actions to meet the operational and financial challenges this global health crisis was expected to present,” HCA explained in the press release heralding the preliminary Q3 figures.

The company did not provide a timetable as to when it would repay the federal grants and loans.

Tuesday was a good day for HCA stock; it rose by almost 2.1%, against the 0.6% drop of the S&P 500 index.

This article originally appeared in the Motley Fool.

Eric Volkman has no position

12
Oct
2020
Posted in technology

HealthStream Acquires ShiftWizard, Expanding Its Nurse & Staff Scheduling Solutions for Healthcare Providers

Named Category Leader in “2020 Best in KLAS Software & Services” report, ShiftWizard’s innovative SaaS-based scheduling application has earned a 97% retention rate among its customers

HealthStream (Nasdaq: HSTM) today announced that it has acquired ShiftWizard, Inc., a Raleigh, North Carolina-based company focused on providing a SaaS-based solution that integrates key workforce management capabilities, including scheduling, productivity, and forecasting. HealthStream adds to an emerging area of its workforce solutions that supports healthcare professionals and their management in effective staff scheduling—where administrative work is reduced, cost-savings are gained, and productivity data is made readily accessible to managers.

“Since ShiftWizard’s launch in 2007 as the first 100% web-based, healthcare-focused scheduling solution in the market, our mission has remained on revolutionizing the way healthcare organizations manage and communicate with their workforce,” said Christian Pardue, RN, Co-founder & Chief Product Officer, ShiftWizard. “Our success in doing that is reflected in a 97 percent retention rate among our customers that includes a staff buy-in and adoption rate of over 85 percent, the highest in the industry according to KLAS.”

As a leading nurse and staff scheduling solution, ShiftWizard helps healthcare organizations maximize staff availability, minimize cost, and ensure that caregivers are properly matched to patient needs. Based on these core capabilities, KLAS named ShiftWizard its Category Leader among scheduling applications in its acclaimed “2020 Best in KLAS Software and Services” report. Contributing to this selection was ShiftWizard’s emphasis on its highly rated user experience for nurses and staff.

Deb Woods, Chief Executive Officer, ShiftWizard, commented, “The ShiftWizard solution helps healthcare organizations ensure that the appropriate level of staffing with the right skillsets to address patient needs is achieved, while saving time in developing schedules and reducing costs to the healthcare provider. Our customers will benefit from expanded opportunities as part of HealthStream while continuing to

11
Oct
2020
Posted in software

Developing Effective Healthcare Software Solutions Is Different From The Process Of Traditional Software Development

Technology has stepped into almost each and every industry. Technology makes our life easier and simpler. It helps us in efficiently managing tasks. Technology has touched almost every field, from logistics, entertainment, and law, to catering, etc. The healthcare industry is not far away from its touch either.

The healthcare industry is quick to realize the importance of technology. Industries are embracing technology as well as the advancement in technology. We are residing in a cut-throat competitive world, to which technology gives that much-needed edge. Technology is known to reshape the working of industries. Healthcare industries use technology to not only reduce their workload but also to accelerate their performance. Healthcare application development is one of the important solutions.

According to a survey, the market will grow at a CAGR of 5.8 percent to reach $19.3 billion by 2025. Unsurprisingly, the segment is enormous, commanding a huge market share of close to 31 percent.
Developing effective healthcare software solutions is different from the process of developing traditional software. An effective healthcare software solution requires an in-depth analysis, understanding, and implementation of technology. The demand for healthcare application development is increasing with each passing day. Get a deeper insight into it below:

What Is Traditional Software Development?

Traditional software development refers to the software development process in which simple software is designed. This development process is used when integrating advanced technology is not important. It provides simple solutions and not dynamic solutions. It is great for beginners.

What Are Effective Healthcare Software Solutions?

Effective healthcare software solutions refer to developing dynamic solutions intact with all advanced technology. The healthcare industry is quick to adopt advanced technology with the help of healthcare software development. With effective healthcare software solutions, it is possible to deliver better care to patients. A report says that

02
Oct
2020
Posted in programming

North America Healthcare Application Programming Interface (API) Market Report 2020 – Press Release

Dublin, Oct. 02, 2020 (GLOBE NEWSWIRE) — The “North America Healthcare API Market by Services, by End User, by Deployment, by Country, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.

The North America Healthcare API Market is expected to witness market growth of 5.6% CAGR during the forecast period (2020-2026).

Patient-centric healthcare is a developing value-based model for healthcare services, which has brought about an improvement in care quality, better results, and more prominent patient satisfaction. Developing focus on patient-centric healthcare delivery by means of application programming interfaces (APIs) has been noted over a few past years and the rise of a large group of services, for example, wearable medical gadgets and remote patient monitoring have prodded the demand for healthcare API solutions.

Expanding adoption of Application Programming Interfaces (API) coordinated Electronic Health Records (EHRs) that give straightforwardness and simplicity of healthcare data availability is driving the market development. Besides, improved patient results expanded patient satisfaction, and advancement in the care quality is driving the market expansion. Besides, expanding the requirement for healthcare integration is driving interest.

Incorporation of new work processes between the providers and the payers, the applications which can get to information from EHRs, wearables, and their services, consistent progress of care are some of the important factors expanding the adoption of healthcare API. Inside normalization for different items or work processes will help to effortlessly access the patient’s information.

Key Topics Covered:

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis – Global
3.1 Cardinal Matrix
3.2 Recent Industry