The Impact of COVID-19 on Health and Finance

| March 25, 2020

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The new coronavirus has imminent and profound implications for health plans, benefit providers, health systems, and financial institutions. These constituents require a rapid strategic response as they brace for a landscape that is different from anything forecasts have offered to date. A digital workplace, interoperability, customer-centricity, and fraud prevention are just a few of the factors that will play a part in such a strategic response. Interoperability of disparate electronic medical records (EMR) systems is the promise and the bane of the healthcare industry. The fix is not quick or easy. But the current environment brings renewed purpose to those initiatives. Health plans and benefit providers have a pivotal role in managing public worries regarding testing and treatment for the new coronavirus as well as any underlying conditions that require medical treatment. While these organizations are likely to be in rapid-planning-and-response mode, member engagement must be part of that rapid planning and response. Some have already announced they will waive prior authorizations for COVID-19 tests or expand access to telehealth services, but that is only the tip of the iceberg of what member engagement can look like.

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UC Irvine School of Medicine

The mission of UC Irvine School of Medicine is to promote biomedical sciences and medicine in Orange County, California and beyond, through excellence in patient care, research, education and community service.

OTHER ARTICLES

HIMSS Canceled Amid Coronavirus – What Can Healthcare IT Take Away?

Article | March 9, 2020

With the announcement of the HIMSS conference cancellation the healthcare IT industry is hit hard. Healthcare Information and Management Systems Society (HIMSS) is the super bowl of healthcare tech. 45,000 attendees from 50 countries were scheduled to fly into Orlando and spend 5 days immersed in innovative healthcare tech – and of course, shop around on the Expo floor. For many companies, the HIMSS event is the lifeline of their sales pipeline for the entire year – we’re talking tons of leads. Not having HIMSS means major threats to healthcare technology company revenue. We need to be more prepared to deal with pandemics no matter what. And as an industry, we need to be focused on developing technology solutions for disease detection, tracking, and prevention. And we need greater emphasis on data interoperability. Every time a crisis happens, the world is reminded of why it’s so important for systems and entities to share information. We learned this lesson when 9/11 happened. Data interoperability can help us identify problems earlier and get a handle on mitigation before issues get out of control.

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What are the Risks of AI in the healthcare industry

Article | April 21, 2020

While artificial intelligence (AI) offers numerous advantages across a wide range of businesses and applications, an ongoing report spreads out some convincing focuses on the different difficulties and perils of using AI in the social insurance segment. As of late, AI has been progressively consolidated all through the medicinal services space. Machines would now be able to give emotional wellness help by means of a chatbot, screen tolerant wellbeing, and even anticipate heart failure, seizures, or sepsis.

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Getting Ahead of Privacy and the CCPA – Healthcare Needs to Move Beyond HIPAA

Article | February 18, 2020

Privacy concerns are on the rise. Over the last couple of years, survey after survey have clearly shown a dramatic rise in overall consumer privacy awareness and concern – driven primarily by the never-ending litany of ongoing data breaches that make the news. The healthcare industry has been somewhat shielded from this, seemingly due to the trust that patients extend to their doctors and, by proxy, the organizations they work with. HITECH and HIPAA legislation have acted as a perceived layer of safety and protection. But healthcare is not immune from privacy issues. Most people aren’t even aware of the hundreds of data breaches of unsecured health information in the last 24 months which are being investigated by the U.S. Department of Health & Human Services Office for Civil Rights. In fact, research indicates that consumers still trust healthcare organizations with their data more so than many other industries.

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Health IT coalition to use data analytics in battle against COVID-19

Article | April 2, 2020

Healthcare organizations, technology firms, nonprofits, and academia are banding together to use their collective expertise, data, and insights for rapid deployment of innovative, open-source solutions to the global pandemic. The COVID-19 Healthcare Coalition, a private-sector led response, aims to mitigate the worst effects of the coronavirus by flattening the curve. A key component of this effort will be the use of real-time data for analytics that will help preserve the healthcare delivery system. LUMEDX client partners HCA Healthcare, the Mayo Clinic, and Intermountain Healthcare have joined big tech companies such as Amazon, Google, Microsoft, and others. For a full list, visit the website here. All coalition work is voluntary, and members are asked to pledge open cooperation and sharing. In addition to combining the best sources of information from around the world to provide data, analytics and insights to all, the coalition’s priorities include

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UC Irvine School of Medicine

The mission of UC Irvine School of Medicine is to promote biomedical sciences and medicine in Orange County, California and beyond, through excellence in patient care, research, education and community service.

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