Becker's Hospital Review

December 2022 Issue of Becker's Hospital Review

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32 CIO / HEALTH IT What Optum gets in the Change Healthcare deal By Laura Dyrda U nitedHealth Group is moving forward with plans to merge health- care data and analytics giant Change Healthcare with Optum af- ter a judge cleared the path for the multibillion-dollar transaction Sept. 19. The acquisition would give Optum, a company that had $155.6 billion in revenue last year, data from millions of healthcare transactions covering a broad swath of the U.S. population. Last year, Optum's revenue grew 14 percent and it served 100 million people. Change also brings relationships with payers, providers and industry disruptors to the table. Five things to know about Change. 1. Change Healthcare reported $920 million in total revenue for the 2022 fiscal year, which ended March 31. The company's record solution revenue was up 6.8 percent to $859 million. In the first quarter of fiscal year 2023 ending June 30, Change reported $884.5 million in revenue and a $23.2 million net loss. 2. Change facilitated 15 billion healthcare transactions for about $1.5 tril- lion in adjudicated claims, accounting for more than one-third of all U.S. healthcare expenditures for the fiscal year ending March 31, 2020, the most recent information in the company's corporate profile. 3. The majority of U.S. payers have a relationship with Change, including 2,400 commercial and government payers. 4. Change Healthcare has connections with thousands of healthcare pro- viders to transact client records for more than 85 million unite patients, which is around 25 percent of the total U.S. population. The company's net- work includes: • Hospitals: 6,000 • Physicians: 1 million • Dentists: 125,000 • Pharmacies: 39,000 • Laboratories: 700 5. Google, Amazon Web Services and Microsoft are among the 700 compa- nies Change has partnered with for healthcare innovation. n CommonSpirit clinical IT leader exits for Walmart Health By Noah Schwartz Clinical IT leader Kumar Murukurthy, MD, is leaving Chicago-based Com- monSpirit Health for a role at Walmart Health & Wellness. Dr. Murukurthy was the system vice president of clinical applications at CommonSpirirt; in his new role at Walmart, Dr. Murukurthy will be a senior director, according to Dr. Murukurthy's Sept. 19 LinkedIn update. Dr. Murukurthy received his MD from Gulbarga University in Karnataka, India. n Oracle touts plans to modernize its EHR system By Naomi Diaz O racle Cerner is adding new product offerings to its EHR system with the aim of working to modernize the electronic health record and build a more open and more connected cloud-enabled platform. "Care today is rushed, impersonal, reactive, and transactional, and now is our time to make healthcare better for patients and clinicians," said David Feinberg, MD, chair of Oracle Health. "ere is no time in Cerner's history where we have been as well-resourced and ca- pable of being a partner to health systems. We are building technology that's more open and more connected. We have a moral obligation to help clinicians become more proactive and preventative in their care." During the Oracle Cerner Health Conference, Oracle announced four new enhancements it is working on deploying and piloting: 1. Seamless Exchange: is product is designed to help providers see a clearer picture of a pa- tient's health history and eliminate duplicate information in electronic health records. e company says it brings in external and inter- nal patient data while eliminating information overload. It is currently being tested with some providers. 2. Oracle Cerner's Advance dashboard: is new dashboard allows health systems to cap- ture information such as health outcomes, pa- tient experience and the system's finances from EHRs. e dashboard can also identify areas to reduce burdens on staff, such as examining how much time clinicians are spending on EHRs, according to Oracle Cerner. 3. Oracle Cerner virtual models of care: A pro- gram being piloted at health systems using "vir- tual nurses" that can perform assessments and documentations of patients at admission and discharge. According to the company, this can enable other nurses to perform physical assess- ments and spend more time caring for patients. 4. RevElate: Designed to simplify the billing processes, Oracle Cerner hopes to release the new patient accounting product widely before the end of the year. According to the company, it will offer more automation and intelligence in billing. n

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