Industry Insight

AMA Launches Health2047

The American Medical Association (AMA) recently announced that it is investing $15 million to become founding partner of a health care innovation company, Health2047, Inc, which will conduct rapid exploration of innovative solutions to the biggest challenges facing the nation’s 1.1 million physicians and the patients they serve.

“Improving the health of the nation is at the core of the AMA's work and Health2047 will build partnerships to create new solutions for physicians and their patients that improve health care delivery and health outcomes,” says AMA CEO and Executive Vice President James L. Madara, MD, who serves as board chair of Health2047. “Health2047’s product orientation and entrepreneurial DNA will help forge new paths and bring commercial solutions to market faster.”

A stand-alone, for-profit entity, Health2047 is an integrated innovation company that combines strategy, design, and venture disciplines, working in partnership with companies, physicians, and entrepreneurs to improve health care. Its new Silicon Valley-based innovation studio will draw upon the AMA’s deep subject matter expertise and the organization’s unique relationship with physicians nationwide to develop new products, tools, and resources that improve the practice of medicine and the delivery of health care to patients. Health2047 will collaborate with AMA content experts across a wide range of medical, health policy, and pragmatic practice areas. It will also integrate health care companies, technology companies, and entrepreneurs to codevelop, create, and spin out offerings that can have large-scale, systemic impact on health care and medical practice.

The AMA’s financial commitment to establish Health2047 represents a major step in expanding its innovation ecosystem. Recently, the AMA has integrated innovation into its work, resulting in internally generated physician-oriented digital tools as well as targeted engagement of health care startups.

“Our investment in Health2047 tangibly underscores the AMA’s ongoing commitment to innovation and collaboration in health care. This dynamic new environment will include the physician perspective in every major innovation cycle, ensuring that physicians play a greater role in leading changes that will move health care forward,” Madara says.

— Source: American Medical Association

Iatric Systems Partners With MindLeaf Technologies

Iatric Systems, Inc, a comprehensive HIT integration company, and MindLeaf Technologies, Inc, a medical compliance and medical support services company, have partnered to offer Iatric Systems Security Audit Manager to urgent care clinics, community clinics, group practices, and outpatient clinics.

MindLeaf will offer its medical compliance and support services in conjunction with Security Audit Manager, which integrates and correlates data of all access to protected health information from diverse systems to proactively detect breaches and automate patient privacy monitoring. To ease the burden on clinic IT staff while also reducing upfront costs, Security Audit Manager will be delivered to clinics via a software-as-a-service model.

By combining MindLeaf’s consulting services with Security Audit Manager, which was named KLAS Category Leader in the Patient Privacy Monitoring segment in 2014, clinics and other practices can replace manual monitoring with automated processes that better protect patient privacy.

“Providers are looking for affordable, easy-to-use privacy and security solutions that allow them to focus more attention on patients and productivity, while also helping their organization remain compliant in the areas of privacy, security, and breach notification,” says Paresh Shah, president of MindLeaf Technologies. “As a leader in health care compliance services, it is important that we partner with a company whose software reflects a keen understanding of these issues. This is exactly what we found in a partnership with Iatric Systems and its Security Audit Manager solution.”

The partnership between Iatric Systems and MindLeaf is particularly powerful because it brings sophisticated privacy solutions to smaller health care providers that might otherwise not be able to adopt such robust systems.

“Health care organizations of all shapes and sizes need tools and services to help protect patient privacy, show who is accessing patient data at all times, and detect any inappropriate behavior or breaches. This is exactly what Security Audit Manager was designed to do, and this partnership affords us the opportunity to bring our leading software to a new market segment,” says Marc Andiel, senior vice president of professional services of Iatric Systems. “Partnerships are key in the current health care technology environment. MindLeaf Technologies is a leader in compliance and support consulting, and we are excited for this partnership.”

Iatric Systems will be exhibiting at the HIMSS16 tradeshow in booth 7730.

— Source: Iatric Systems

Mediscribes Emerges as UMHS' Transcription Service Vendor

Mediscribes, Inc gets the nod as medical transcription service vendor for the University of Michigan Health System, one of the nation's top-ranked hospitals.

"Mediscribes was chosen as a transcription vendor by the University of Michigan Health System because they were thorough and detailed during the RFP [request for proposal] process, responsive to all questions and requests, and the customer references were eager to speak to us on behalf of Mediscribes and returned favorable results,” says Diane Repshinska, the University of Michigan's manager of HIM—central transcription service.