News

Profile of a Founder - Brad Bostic of hc1

Posted in Client News Coverage on Monday, December 06, 2021.

An exclusive Tech Tribune Q&A with Brad Bostic (co-founder, chairman, and CEO) of hc1, which was honored in our:

  2022 Best Tech Startups in Indianapolis

  2021 Best Tech Startups in Indiana

  2021 Best Tech Startups in Indianapolis

  2020 Best Tech Startups in Indiana

  2020 Best Tech Startups in Indianapolis

The Tech Tribune»

40% of Charges for COVID-19 Services Initially Ended in Claim Denials

Posted in Client News Coverage on Tuesday, November 23, 2021.

November 03, 2021 - Providers are having a difficult time billing for services related to COVID-19, with 40 precent of charges for coronavirus-related care initially winding up as claim denials in the first 10 months of 2021, according to a recent analysis of more than $100 billion worth of denials and $2.5 billion in audited claims.

The analysis performed by healthcare technology company Hayes also found that 40 percent of professional outpatient audits for COVID-19 and 20 percent of hospital inpatient audits for COVID-19 failed.

Revcycle Intellegance»

Hayes’ Healthcare Audit and Revenue Integrity Analysis finds COVID-19 Claims and Bundling Errors Driving Denials

Posted in Press Releases on Thursday, October 28, 2021.

Wellesley, MA — October 28, 2021 –– Bundling errors continue to wreak havoc on hospital bottom lines in 2021, causing 34% of inpatient charge denials with an average value of $5,300 each. That’s according to an auditing and revenue integrity report analyzing more than $100 billion worth of denials and $2.5 billion in audited claims released today by Hayes, makers of MDaudit, the industry’s leading integrated auditing, billing compliance and revenue integrity platform for the nation’s premier healthcare organizations.

Healthcare Auditing and Revenue Integrity: 2021 Benchmarking and Trends Report shares the findings of Hayes’ review of professional and hospital claims audited in MDaudit Enterprise during the first 10 months of 2021. Internal auditors identified a significant number of concerns in the claims they reviewed, with approximately 33% of the audits resulting in “disagree” findings. The concerns centered primarily around disagreements between procedure codes and diagnoses.

Compliance Reimagined: Transforming the Value Proposition of a Traditional Cost Center

Posted in Client News Coverage on Wednesday, October 27, 2021.

Compliance has gotten a bad rap in healthcare. Traditionally viewed as a necessary cost center, this department is too often viewed as the police force of a health system.

A lot is missing from this simplistic view of the processes that ensure hospitals and health systems aren’t hit with avoidable penalties when the auditors come knocking. Within a rapidly evolving regulatory framework that includes more than a year of fluctuating COVID and telehealth guidance (among other changes), compliance in essence becomes the safeguard to a healthy, sustainable bottom line.

HISTalk»

Brad Bostic of hc1: In Light Of The Pandemic, Here Are The 5 Things We Need To Do To Improve The US Healthcare System

Posted in Client News Coverage on Friday, October 15, 2021.

The COVID-19 Pandemic taught all of us many things. One of the sectors that the pandemic put a spotlight on was the healthcare industry. The pandemic showed the resilience of the US healthcare system, but it also pointed out some important areas in need of improvement.

In our interview series called “In Light Of The Pandemic, Here Are The 5 Things We Need To Do To Improve The US Healthcare System”, we are interviewing doctors, hospital administrators, nursing home administrators, and healthcare leaders who can share lessons they learned from the pandemic about how we need to improve the US Healthcare System.

As a part of this series, I had the pleasure to interview Brad Bostic, CEO of hc1.

Brad founded hc1 to bring the benefits of precision health to all patients after witnessing his mother lose her battle with cancer while being treated like a number. He created hc1 with a bold vision to bring the power of precise diagnostic and treatment insights into the care delivery process, believing that transforming lab data into personalized healthcare insights would empower healthcare organizations to ensure patients get optimal diagnostic lab tests and personalized prescriptions for the best possible outcomes. Today, hc1 is the bioinformatics leader in precision testing and prescribing and its hc1 Precision Health Cloud™ is live across more than 20,000 lab and health system locations.

Authority Magazine»

Harris Healthcare’s Data Integrity Solutions, RightPatient Partnership Closes the Gap on Efficient, Accurate and Secure Patient Identification

Posted in Press Releases on Monday, September 20, 2021.

CENTENNIAL, Colo. – September 20, 2021 – Harris Healthcare’s Data Integrity Solution Business Unit – which includes patient data integrity powerhouses Just Associates, Inc., and QuadraMed® Corporation – have entered a strategic partnership with RightPatient® to integrate biometric patient identification into its existing suite of master patient index (MPI) management solutions. Doing so provides important protections against front-end contamination of the MPI and EMPI and helps eliminate the patient misidentification and safety issues created by “dirty” patient identification data. This is especially important now as spikes in remote patient registrations due to COVID-19 have led to a sharp increase in duplicate patient records.

Hayes Expert Explores the Root Causes of Climbing Claims Denials Rates and Performance Improvement Solutions at AHIMA21

Posted in Press Releases on Monday, September 20, 2021.

Wellesley, MA — September 20, 2021 — Hayes, makers of the industry’s leading integrated auditing, billing compliance and revenue integrity platform for the nation’s premier healthcare organizations, announced today that Vasilios Nassiopoulos, CPC, CCO, will present Leveraging Denial Trends to Identify Risks and Prevent Audits at the AHIMA21 Virtual Conference. The presentation, which explores the catalyst behind rising claims denials and how healthcare organizations can reverse the trend, takes place on Sept. 22 at 11:45 a.m. ET.

Leveraging SDOH in Post-Pandemic Risk Modeling to Overcome Distorted Care Projections for 2021 and Beyond

Posted in Client News Coverage on Wednesday, September 08, 2021.

The uncertainty and risk created by pandemic-related disruptions in care have health plans in uncharted water when it comes to relying on claims data and utilization patterns to inform their risk models. But while these disruptions weakened the reliability of traditional risk models, they also created opportunities to deepen and enrich member data by leveraging consumer and other data related to social determinants of health (SDoH)that can deliver significant performance and accuracy benefits.

Expanding data sources and enhancing analytics capabilities allows health plans to develop the capacity for more precise, holistic member engagement while improving the most impactful health outcomes in individuals and populations. Doing so will help lift Star Ratings, improve care compliance, close gaps, enhance member satisfaction, reduce costs and drive profitability gains.

HIT Consultant»

Just Associates, QuadraMed Power Harris Healthcare’s Data Integrity Solutions

Posted in Press Releases on Thursday, September 02, 2021.

CENTENNIAL, Colo. – September 2, 2021 – Two top data integrity powerhouses have joined forces to bring healthcare organizations an unmatched level of innovation and expertise to solve the industry’s toughest data integrity challenges. As part of Harris Healthcare’s Data Integrity Solutions (DIS) Business Unit, Just Associates, Inc., andQuadraMed® Corporation are now partnered to deliver the advanced services and technology solutions needed to address the broad spectrum of challenges associated with patient matching and data integrity.

“Together, these highly experienced organizations will provide clients with best-in-class, industry-leading data integrity services and software that address key health information issues by reducing potential duplicate medical records and minimizing the ongoing cost of maintaining quality patient data,” said Lora Hefton, executive vice president, Harris’ DIS Business Unit.

Electronic Health Record Association Announces FY22 Leadership and Priorities

Posted in Press Releases on Thursday, September 02, 2021.

CHICAGO – September 2, 2021 – The Electronic Health Record (EHR) Association announced the results of its annual Executive Committee elections for terms beginning July 1, 2021. The EHR Association is a trade association of nearly 30 companies that serve most of the nation’s hospitals and ambulatory care organizations using electronic health records (EHRs) and other health information and technology to deliver high quality, efficient care to their patients.

Hans Buitendijk, Director of Interoperability Strategy with the Cerner Corporation, continues as Chair of the Executive Committee, which establishes the Association’s guiding principles and develops and implements strategic plans. David Bucciferro, Senior Advisor at Foothold Technology, returns as Vice Chair.

Carrot Health Joins 2021 Inc. 5000 List of Fastest-Growing Private Companies

Posted in Press Releases on Thursday, August 26, 2021.

MINNEAPOLIS — August 26, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, ranked among the top 400 fastest-growing private companies in its inaugural appearance on the 2021 Inc. 5000. The company revealed today that it ranked No. 311 on the annual list with a three-year revenue growth of 1481.5% – an announcement that comes on the heels of Carrot Health’s acquisition by Unite Us, the nation’s leading technology company connecting health and social care services.

“Our growth is a direct result of the shift in the nation’s focus toward creating health equity and improving equitable access to care, which reflects Carrot Health’s long-time mission to help shape a future without health disparities in which everyone nationwide is able to lead their healthiest lives,” said Kurt Waltenbaugh, CEO of Carrot Health. “To be recognized among the elite companies that make up the top 500 fastest-growing private companies is a testament to the dedication and perseverance of the entire Carrot Health team.”

How hc1 is generating actionable healthcare insights to support precision medicine

Posted in Client News Coverage on Monday, August 16, 2021.

At the intersection of health tech and diagnostics, hc1's CEO Brad Bostic talked about the company's origins and how it works with medical laboratories, hospitals and health plans.

MedCity News»

The Lessons of COVID-19 Must Inform a Smarter Future in Healthcare

Posted in Client News Coverage on Monday, July 19, 2021.

The healthcare industry will be discussing COVID-19 lessons learned for the foreseeable future. Yet one take-away stands out as a glaring issue that demands immediate attention: keeping critical patient and public health data locked away in disconnected databases and multiple data siloes is not only unsustainable, but potentially deadly.

From the point when COVID-19 arrived in the U.S., public health officials lacked critical information and proactive real-time insights into the ebb and flow of the virus — denying them the ability to mobilize highly effective localized responses.

Medium»

hc1 Opens Registration for 2021 Precision Health Virtual Summit

Posted in Press Releases on Tuesday, July 13, 2021.

(INDIANAPOLIS, July 13, 2021) --  hc1, the leader in critical insight, analytics, and solutions for precision health, today announced it will host the second annual Precision Health Virtual Summit, a free, two-day virtual event taking place Aug. 31- Sept. 1, 2021, in partnership with Becker’s Healthcare. The event will bring together healthcare leaders and experts to focus on implementing precision health practices into care delivery, bringing the benefits of precision health to all patients.

The 2021 Precision Health Virtual Summit serves to showcase how advances in data-driven care by Precision Health Insight Networks (PHINs) are reducing overwhelming complexity in our care delivery system. Historically, the information clinicians required to deliver personalized, precise care was locked away in disconnected databases, buried in medical journals and isolated in multiple patient data silos. PHINs enable healthcare providers to uncover actionable insights in real-time to identify the right testing and prescriptions for optimal outcomes at the lowest cost.

Carrot Health Wins Minne Inno Fire Award

Posted in Press Releases on Thursday, July 01, 2021.

MINNEAPOLIS – July 1, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, has received the Fire Award from Minne Inno, which covers the Twin Cities’ burgeoning startup and technology communities. Honored in the high-tech category, Carrot Health was one of 50 companies from across Minnesota to be recognized in the 2021 awards.

“Recognition by Minne Inno with a Fire Award validates Carrot Health’s mission to help shape a future without health disparities in which everyone nationwide is able to lead their healthiest lives,” said Kurt Waltenbaugh, CEO of Carrot Health. “The state’s vibrant high-tech community is made up of some of the nation’s most innovative, leading edge companies, which makes this honor even more meaningful.”