5 Companies That Want to Take the Time Suck Out of Prior Authorization Requests

5 Companies That Want to Take the Time Suck Out of Prior Authorization Requests

Photo: Medcity News

The prior authorization process is a frequent, time-consuming process for physicians. A survey of 1,000 physicians revealed they made prior authorization requests 37 times per week on average, according to data from the American Medical Association. About one-fifth of the survey participants said it takes 20 hours to do these requests each week. It’s no wonder small and large health IT vendors see opportunities to use technology to create a more efficient workflow. It’s also yet another reason  One of the best and most recent examples of the opportunity health IT vendors see in this market is the huge acquisition of CoverMyMeds earlier this year. (more…)

StartEngine To Host ICOs That Are Compliant With the US Securities and Commissions (SEC) Regulations

StartEngine To Host ICOs That Are Compliant With the US Securities and Commissions (SEC) Regulations

StartEngine has decided to take ICOs into a whole new level. Being a US regulated crowdfunding business and a Regulation A+ platform, StartEngine will be the first crowdfunding platform to introduce ICOs, to the mainstream economy, as a modern vehicle for crowdfunding. Today, StartEngine published a press release that announced that the company will start accepting ICOs .

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What’s the biggest mistake startups make when it comes to intellectual property?

There are few things more exciting in law practice than seeing a startup take shape and come to market. From the initial meeting of the principals and company formation to actual launch of products and services, the process of bringing a startup to life and watching it evolve never gets old. Inevitably, every startup faces hurdles… and those hurdles do not exclude the creation and protection of intellectual property assets. In fact, almost all of the startups I have had the pleasure to counsel over the last 20+ years have had challenges regarding their IP and how to protect and best leverage it in the marketplace. What is even more surprising is that there is a specific step that most of these startups ignored regarding their IP that caused headaches at some point along the road to market (and beyond)… and it is not what you may think.

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Pivot Health wants to change the way healthcare professionals find jobs

Pivot Health wants to change the way healthcare professionals find jobs

Photo: Boarding1Now, Getty Images | MedCity News

Today marks the launch of a new startup: Pivot Health, which is looking to disrupt the traditional healthcare staffing market.  The Seattle-based company seeks to help healthcare professionals advance their careers. Its platform also helps employers (like hospitals) find premiere talent.  “Healthcare is the fastest growing labor market in the country and also the most inefficient,” cofounder Simon Frey said in a recent phone interview. “We are transforming how clinicians find jobs and how hospitals connect with talent.”Here’s how it works: Prospective job seekers can set up a profile for free on the startup’s website. Hospitals that use the site to make a placement have to pay Pivot Health a fee of 15 percent.

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Insurance navigator for freelancers and self-employed closes $23.5M Series B round

Insurance navigator for freelancers and self-employed closes $23.5M Series B round

Photo: Larry Washburn, Getty Images | MedCity News

Stride Health, a digital health business that identified a gap in the insurance benefits market for the self-employed and part time workforce, has closed a Series B round to grow the benefits network for these employees.  F-Prime Capital led the round with existing investors Venrock and New Enterprise Associates also participating alongside new investor Portag3 Ventures. The new capital will support the expansion of Stride Health’s benefits offerings.The company also plans to increase staff from 50 to increase the reach of the business to help more self-employed workers by boosting its marketing, product development, design and engineering teams.

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Hackensack Meridian Health invests $25M in seed money for incubator program

Hackensack Meridian Health invests $25M in seed money for incubator program

Hackensack Meridian Health has invested $25 million to set up its own healthcare incubator with New Jersey Technology Innovation Institute (NJII), according to an announcement from the Institute. The collaboration reflects a broader national effort by hospitals and health systems, particularly academic medical centers, to create their own innovation network or partner with groups that can give them access to one.It also raises questions about what will be the success rate for hospitals adopting a Field of Dreams mentality — build it and the promising healthcare startups will come.

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