ID.me and OtisHealth partner to revolutionize healthcare records access, enabling users to securely request and share data. The collaboration uses Individual Access Services (IAS) and TEFCA framework, providing patient-centered care and democratic access to data. The CARIN Alliance supports the digital credential system enabling nationwide health information access. OtisHealth, ID.me, and partners prioritize healthcare interoperability and patient-driven data control.

ID.me and OtisHealth Introduce Patient Application Revolutionizing Access to Personal Health Information PR Newswire

New healthcare venture capital firm, HATCo, aims to acquire largest employer and hospital system, Summa Health in Akron. The sale may transform Summa into a for-profit health service, profits will be turned into community endowments. HATCo plans to use Summa as a model for health industry transformation, CEO and leadership team will remain. Summa has been seeking sale or partnership for several years. The acquisition will take five years to fully implement, with first changes expected in the upcoming year.

HATCo, a new health care venture capital firm, to acquire Summa Health in Akron Beacon Journal

Healthcare IT integral for patient care, cost reduction with EHR representing a prolific example. IT budget includes software, medical devices, imaging equipment, hardware, cybersecurity, personnel salaries. Average hospital IT budget is $7.8 million, 3% of total. NewYork-Presbyterian Weill Cornell Medical Center has highest IT expenses ($246 million), followed by Cleveland Clinic and Tisch Hospital. Average IT budget for top 25 hospitals is $147.8 million.

Hospitals with the highest IT expenses Definitive Healthcare

Epic's revenue increased from $3.2 billion in 2019 to $4.6 billion in 2022. The EHR firm leads in acute care hospital market share. CEO Judy Faulkner's net worth also rose to $7.4 billion.

Epic's revenue by year Beckers Hospital Review