healthcare technology

5 Steps for Providers When Selecting a Healthcare Technology Vendor

Joey Cavanaugh, Chief Operations Officer at Zotec Partners Healthcare providers typically rely on a multitude of vendors to help them deliver care to patients. Some partnerships flourish seamlessly, while others are burdensome and take more resources to maintain. Depending on time and interests, physicians themselves may or may not work directly with revenue cycle management …

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Innovaccer Launches Provider Network Management Solution for Payers on the Innovaccer Health Cloud

–  Innovaccer, Inc., a leading healthcare technology company, announced the launch of its Provider Network Management solution to assist healthcare payers access complete view and exercise control over their provider network performance. – The Provider Network Management solution is powered by the Innovaccer Health Cloud and an integrated, modular, flexible platform that centralizes data and …

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Ro Nabs $500M to Strengthen Vertically Integrated Primary Care Platform

What You Should Know: – Ro, the healthcare technology company, today announced it has raised $500 million in Series D fundraising round led by existing investors General Catalyst, FirstMark Capital and TQ Ventures, with significant participation from existing investors SignalFire, Torch and BoxGroup as well as new investors Altimeter, Baupost, Dragoneer, Shawspring, Radcliff, and 776. …

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How to Optimize Your Healthcare Practice with Advanced Technology Solutions

Terrence D. Sims, President of Strategic Growth and Marketing, Raintree Systems As COVID-19 continues to influence patient behaviors and causes providers to reevaluate how they operate their businesses, healthcare practices all around the world started looking for solutions that emphasize clinical efficiencies, elevate patient revenue cycle management, as well as feature enhanced reporting, and analytics …

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Best Practices to Ensure Telehealth Security and Protect Patient Data

Paul Banco, CEO of etherFAX To support the sudden increase in test results and medical records being transmitted during the pandemic, hospitals, laboratories, and pharmacies implemented additional devices and remote connections into their networks. After the Office for Civil Rights (OCR) lifted penalties around telehealth to expand care options amid the crisis, new platforms were …

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How Will Philips Acquisition of BioTelemetry Impact The Cardiac Monitoring Market?

At the end of December 2020, Philips announced the planned acquisition of BioTelemetry for $2.8 billion in cash. – BioTelemetry was formed in 2013 after a series of acquisitions from the initial founding company CardioNet, Inc. – CardioNet, Inc. based in San Diego, USA was initially founded in 1994. – After a multitude of acquisitions …

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Executive Hires: Walgreens Appoints New CEO, Cityblock Health, Innovaccer, Others

Walgreens appoints Rosalind (Roz) Brewer as the company’s Chief Executive Officer, effective on March 15, 2021. Brewer will also join the WBA Board of Directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of Executive Chairman of the Board of WBA. Brewer, 58, will become the …

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Kaiser Inks Multi-Year Agreement with Accenture, Microsoft for Cloud Transition

What You Should Know: – Kaiser Permanente signs a multi-year strategic agreement with Accenture and Microsoft to support the healthcare provider’s transition to the cloud environment. – The partnership enables stronger cloud computational power and data insights readily available to care teams, so Kaiser’s members—and patients—will benefit from more timely and personalized healthcare. Kaiser Permanente …

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Casana Raises $14M to Expand IoT Heart Health Toilet Seat

What You Should Know: – Casana raises $14M in Series A funding to pursue FDA clearance for its an IoT heart health toilet seat that captures clinically relevant measurements, including heart rate, blood pressure, blood oxygenation, and cardiac output. Casana, previously known as Heart Health Intelligence, Inc., a healthcare technology firm that is re-inventing in-home …

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HealthStream Acquires Policy Management System ComplyALIGN for $2M

What You Should Know: – HealthStream, a provider of workforce and provider solutions for the healthcare industry acquires ComplyALIGN (incorporated as ProcessDATA, Ltd.), a Chicago-based healthcare technology company for $2M in cash. – The number of policies and procedures that a typical hospital needs to manage and continue to process rarely falls below one thousand. Staff members …

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Healthcare PE Firm Heritage Group Launches $317M Health Tech Fund

Partners David McClellan, Rock Morphis, Paul Wallace (Left to Right) What You Should Know: – Healthcare private equity firm Heritage Group launches a $300M fund to invest in high-growth healthcare services and technology companies. – Heritage is backed by some of the leading healthcare organizations in the nation, including large provider systems, payers, and healthcare …

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Modernizing Medicine Acquires Orthopedic EHR Platform Exscribe – M&A

What You Should Know: – Modernizing Medicine announced it has acquired orthopedics EHR vendor Exscribe bringing together two of the healthcare industry’s leading, all-in-one orthopedic EHR vendors. – As part of the acquisition, Exscribe Founder and CEO, Dr. Sachdev and other members of the Exscribe team will be joining Modernizing Medicine. Specialty-specific EHR provider Modernizing …

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UnitedHealth Group Acquires Change Healthcare to Combine with OptumInsight for $13B

What You Should Know: – UnitedHealth Group has reached an agreement to acquire Change Healthcare in a deal valued at more than $13 billion, marking the first major acquisition of 2021. – Change Healthcare will be combined with OptumInsight to advance a more modern, information, and technology-enabled healthcare platform. UnitedHealth Group’s has reached an agreement …

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5 Post-Acute Care Industry Trends to Watch in 2021

What You Should Know: – Healthcare technology company Forcura names the five most significant trends for the post-acute care industry in 2021. The post-acute care (PAC) sector saw some of its most profound challenges this year, from deadly COVID-19 outbreaks in skilled nursing facilities (SNFs) to a suddenly accelerated need for the services provided by …

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As Telehealth Surges, Are Seniors Being Left Behind?

Anne Davis, Director of Quality Programs & Medicare Strategy at HMS A global health crisis has thrust us into a scenario in which lives quite literally depend on the ability to virtually connect. Telehealth has rapidly emerged as a vital tool, enabling continuity of care, allowing vulnerable individuals to access their physician from home, and …

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M&A: Ro Acquires On-Demand, In-Home Platform Workpath

What You Should Know: – Ro announced it has acquired Workpath, a technology platform that powers on-demand, in-home healthcare and diagnostics services nationwide. – Through this acquisition, Ro’s platform will now uniquely bring together a patient’s doctor, pharmacy, and diagnostics/lab–offering a personalized, end-to-end experience with no insurance required. – Ro is also announcing a partnership …

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Innovaccer Launches COVID-19 Command Center to Help Healthcare Organizations Manage Their COVID-19 Operations

What You Should Know: – Innovaccer launches COVID-19 Command Center to assist healthcare organizations in optimizing their COVID-19 operations.   – The solution offers a unified information hub to manage COVID-19 resources and operations and empower teams with unprecedented visibility into their environment. Innovaccer, Inc., a San Francisco, CA-based healthcare technology company, today announced the …

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Healthcare M&A: DAS Health Acquires Randall Technology Services

What You Should Know: – DAS Health Ventures acquires healthcare and managed IT company Randall Technology Services (RandallTech). – This acquisition adds Allscripts® PM and EHR solutions to the DAS portfolio of supported products, and DAS Health has now added additional staff in Texas that will create opportunities for greater regional support of its entire …

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Hospital Sustainability Demands that Revenue Integrity Move Front and Center

Vasilios Nassiopoulos, VP of Platform Strategy and Innovation, Hayes Razor-thin operational margins coupled with substantial and ongoing losses related to COVID-19 are culminating in a perfect storm of bottom-line issues for U.S. hospitals and health systems. A study commissioned by the American Hospital Association (AHA) found that the median hospital margin overall was just 3.5% pre-pandemic, and …

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COTA Lands $34M to Drive Innovation in Oncology Using Real-World Data

What You Should Know: – COTA, Inc., a healthcare technology company that uses real-world data to bring clarity to cancer care, has secured $34M in funding. – Access to over one million patient data records and additional funding support enhanced real-world data and analytics services in oncology. COTA, Inc., a Boston, MA-based healthcare technology company …

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Volaris Group Acquires Clinical Workforce & Workflow Platform medaptus

What You Should Know: – Volaris Group acquires medaptus, a clinical workforce, and workflow solutions that empower healthcare delivery entities to achieve their desired patient, clinical and financial outcomes. Today, Volaris Group has acquired medaptus, a healthcare technology company that removes the administrative burden from hospital and group practice operations to enable higher efficiency throughput. …

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How COVID-19 Has Revealed Healthcare’s Blockchain Use Cases

Brett Furst, President at HHS Technology Group Blockchain technology has somewhat infamously been described as “a solution in search of a problem,” but as the healthcare industry responds to the demands of the pandemic, several valuable use cases have surfaced that could benefit from employing the emerging technology.   Due in large part due to its …

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FDA Extends RCA With COTA to Explore COVID’s Effect on Cancer

What You Should Know: – The FDA just extended its research collaboration agreement (RCA) with COTA, specifically looking at how COVID-19 is affecting cancer. – With this expanded agreement, COTA and the FDA will use real-world data to explore the impact of COVID-19 and the pandemic on cancer treatment, with the opportunity to expand into …

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AI Leads Way to Less False Positives on Remote Cardiac Monitoring Devices, Improved Results

What You Should Know: – Cardiac patients and their cardiologists are experiencing a high number of false positives with remote patient monitoring devices as a result of signal artifact providing inaccurate data, which can lead to many complications—other than medical, such as unnecessary tests and increased medical costs. – Ambulatory cardiac monitoring provider InfoBionic has …

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COVID-19 Pandemic Further Exposes Systemic Racism…

Michael A Greely, Co-Founder & General Partner at Flare Capital Partners This will be ugly and sad. Racism has cost this country $16 trillion over the last twenty years according to a recent Citigroup report. Much of this loss ($13 trillion) was attributed to discriminatory lending practices and the 6.1 million fewer jobs created as a …

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Rural Hospital Execs Can Beat COVID-19 By Shifting From Reactive to Proactive Care

Eric Tran, Tulane School of Medicine Donald Voltz, MD, Aultman Hospital The COVID-19 virus is ravaging the planet at a scale not seen since the infamous Spanish Flu of the early 1900s, inflicting immense devastation as the U.S. loses more than 200,000 lives and counting. According to CDC statistics, 94% of patient mortalities associated with …

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Innovaccer Launches AI-Enabled Patient Relationship Management Solution

What You Should Know: – Innovaccer launches its artificial intelligence (AI)-enabled patient relationship management solution to streamline communication between patients and their care teams. – The solution enables providers and member teams to move beyond treating illness to facilitating proactive care by building productive, long-term relationships with patients. Innovaccer, Inc., a San Francisco, CA-based healthcare …

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The Future of the ICU? How Clinical Decision Support Is Advancing Care

Kelly Patrick, Principal Analyst at Signify Research Without a doubt 2020 has been a devastating year for many; the impact of COVID-19 on both personal lives and businesses has had long-term consequences. At the end of September, the number of COVID-19 cases fell just short of 350 million, with just over 1 million deaths reported. …

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Can Technology Help Reduce Cases of Hospital Negligence?

For most healthcare professionals, providing care to their patients is mandatory. However, there are times when their desire to give patients the best care possible becomes a necessity for compliance, particularly now that hospital negligence has been a constant stress factor for both professionals and patients.  It is a given that any medical treatment has …

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How Low-Code Solutions Reduce Headaches for Healthcare CIOs

Ruby Raley, VP of Healthcare and Life Sciences at Axway Twenty years ago, technology consultants started advising CIOs to build less. That’s when the movement towards Commercial Off the Shelf (COTS) began.  Today, there are many shops, especially those in small and medium-sized organizations, with few programmers who build new applications from scratch.   Yes, they …

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Innovaccer Launches Perioperative Optimization Platform for Surgeons

What You Should Know: – Innovaccer launches a perioperative optimization solution for surgeons to realize clinical and financial goals with patient-risk analysis. – The solution redefines surgical planning and post-surgical recovery with machine learning-based patient stratification for optimized surgery experience and personalized patient care management. Innovaccer, Inc., a San Francisco, CA-based healthcare technology company, recently …

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Lumeon Lands $30M to Expand Care Pathway Management Platform

What You Should Know: – Lumeon, the leader in care pathway orchestration announced it has raised $30M in Series D funding to extend the reach of its Care Pathway Management (CPM) platform. – The platform empowers providers to improve care quality, deliver better outcomes, reduce costs, and ultimately develop and scale new models of care delivery …

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M&A Analysis: 3 Benefits of Siemens Healthineers’ $16.4B Acquisition of Varian Medical

What You Should Know: – Siemens Healthineers and Varian Medical announce a $16.4B deal in an all-cash transaction on 2nd August 2020. – Deal expected to close in 1H 2021. – Varian Medical will maintain its brand name and operate “independently” – Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as …

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Why Now Is The Time to Reimagine Healthcare Through Technology

Jeff Fallon, CEO, eVideon It wasn’t that long ago that people went to the bank on a Friday to cash their paper paychecks. Maybe they’d put some in checking and take some out in cash. They’d go to the grocery store over the weekend and maybe write one of those checks. Everyone always had to …

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Central Maine Healthcare, Innovaccer Partner to Power Data-driven Telehealth Capabilities

What You Should Know: – Innovaccer has recently partnered with Central Maine Healthcare (CMH), an integrated healthcare delivery system that serves over 400,000 people in the central, western, and mid-coast regions of the state, to connect providers with their patients through data-driven telehealth, powered by its FHIR-enabled Data Activation Platform. – The care delivery system …

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Medly Pharmacy Lands $100M to Expand Digital On-Demand Pharmacy Platform

What You Should Know: – Medly Pharmacy raises $100M investment co-led by Volition Capital and Greycroft to propel Medly’s leadership in the $500B+ digital on-demand pharmacy market. – Medly will use the funding to expand its digital on-demand pharmacy platform, enter new markets, and provide category-leading services to patients and partners across the country that …

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Emtiro Health Taps Innovaccer to Leverage the FHIR-Enabled Data Activation Platform

What You Should Know: – Emtiro Health, an innovative population health company in North Carolina has selected Innovaccer to deliver data-powered solutions to enhance the efficiency and effectiveness of care delivery.  – Powered by Innovaccer’s FHIR-enabled Data Activation Platform, Emtiro Health will create unified patient records that drive comprehensive, whole-person care management, no matter where …

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4 Ways Healthcare Organizations Can Establish Partnerships to Drive Innovation

With public and private healthcare spending significantly outpacing that of other countries, U.S. hospitals face intense pressure to find new ways to capture greater value. More and more, organizations are finding that partnerships with existing vendors can help unlock next-level performance gains in a transformative environment. Take Nebraska Medicine, for example. In the early 2000s, …

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Post COVID-19: 3 Things I Hope Healthcare Won’t Recover From

Randy Carpenter, SVP of the Executive Advisory Board at HCTec The loss of lives and livelihoods from COVID-19 is almost too much to comprehend. And yet, slowly, conversations are emerging about the positives percolating from the pandemic.  It’s human nature to want to look for the positives in even the worst of situations, and I’ve …

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Telemedicine & Telehealth Emerge as Medical Marketing Opportunities During COVID

March 17, 2020, may well be remembered as the day the telemedicine revolution finally took off. Telemedicine and Telehealth‘s adoption, fast-tracked by Coronavirus/COVID, will create profound changes in how healthcare services are provided — while also spawning new healthcare marketing opportunities. Telemedicine & Telehealth: Innovation & Opportunities Earlier last month, in the interest of public safety, …

Telemedicine & Telehealth Emerge as Medical Marketing Opportunities During COVID

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