Partners

M&A: Komodo Health Acquires Breakaway Partners to Improve Patient Access

What You Should Know: – Today, Komodo Health announces the acquisition of Breakaway Partners to improve patient access to effective therapies. The acquisition brings together Komodo’s Healthcare Map and software suite with Breakaway Partners’ industry-leading formulary data, policy criteria, and analytics software to create the industry’s first prescription drug access business solution based on a comprehensive, real-time view of real-world outcomes …

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PE Firm Frazier Healthcare Partners Closes $1.4B Growth Buyout Fund

What You Should Know: –  Frazier Healthcare Partners, a Seattle-based healthcare private equity firm announced the close of its tenth global buyouts fund and 13th fund across buyouts and life sciences. Investment focus will continue to be middle market provider-based businesses, with virtual health as a major component. The oversubscribed $1.4 billion fund, FHGB X, is significantly …

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OpenLoop Raises $3M to Expand Digital Health Marketplace for Clinicians

What You Should Know: – Techstars-backed OpenLoop raises $3M in funding to expand digital health marketplace to connect certified clinicians to telehealth opportunities. – The company plans to use the funding to This financing enables OpenLoop to expedite the development of their marketplace technology and grow their team of experts. OpenLoop, a Des Moines, Iowa-based …

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Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers

What You Should Know: – Boston-based health IT company Cohere Health has closed a $36 million Series B funding round led by Polaris Partners, with additional participation from new investors Longitude Capital and Deerfield Management, as well as existing investors Flare Capital Partners and Define Ventures. The round comes less than a year after the company launched, and only 3 months after …

Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers Read More »

Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response.  Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated.  Over the course of the quarter, we observed $7 billion in private …

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TytoCare & GIVA Care Partner to Bring Telehealth to Ukraine

What You Should Know: – TytoCare has partnered with GIVA Care Group, a leading healthcare distribution company, to bring its all-in-one remote examination solution to the Ukrainian healthcare industry. – The partnership with GIVA Care will mark the first implementation of the TytoCare telehealth solution in Eastern Europe. As the sole distributor of TytoCare in Ukraine, GIVA Care is making the solution available to local physicians and healthcare systems across the country as well as selling it directly …

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Unite Us and Metro United Way Invests $1M Towards Financial Efforts in Greater Louisville Area

What You Should Know:  – Enterprise coordinated care network provider, Unite Us, makes a combined $1 million investment with Metro United Way for help towards pandemic struggles and social upheaval in the Greater Louisville metro area. – Funds will provide housing-related costs and support for Louisville residents impacted both by the COVID-19 pandemic and persistent, …

Unite Us and Metro United Way Invests $1M Towards Financial Efforts in Greater Louisville Area Read More »

Firefly Health Raises $40M to Expand Virtual Primary Care Platform

What You Should Know: – Firefly Health, a virtual-first healthcare company with a mission of delivering half-priced healthcare that’s twice as good, has announced that it has recently closed $40M in Series B financing, led by Andreesen Horowitz (a16z). a16z General Partner Julie Yoo will also join the Firefly Health board. – Led by former …

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3 Barriers Stalling AI Adoption in Revenue Cycle Management

Kenya Smith, Healthcare Solution Marketing Manager at ABBYY AI technology is quickly evolving and already surpassing human decision-making in certain instances; sometimes, in ways, we can’t explain. While many are alarmed by this, AI is producing some of the most effective and dramatic results in business today.  Adoption of AI in healthcare is growing, but …

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Apriss Health Acquires Care Coordination Platform PatientPing

What You Should Know: PatientPing, a comprehensive care collaboration platform, today announced that it has entered into a definitive agreement to acquire Appriss Health, a cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorder. – Together, PatientPing and Appriss, backed by Clearlake Capital Group, L.P. and Insight Partners, will represent the largest and most diverse care …

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AppliedVR Lands $29M for VR Platform to Treat Chronic Pain

What You Should Know: – AppliedVR, a Los Angeles, CA-based company advancing the next generation of digital medicine, today announced $29 million in Series A funding, bringing its total funds raised to date to $35 million. The round, which includes key investors F-Prime Capital, JAZZ Venture Partners, Sway Ventures, GSR Ventures, Magnetic Ventures and Cedars-Sinai, …

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Greenway Health Launches Customizable RCM Solution

What You Should Know: – Greenway Health announced the launch of its new Greenway Revenue Services offering, GRS Select™, a customizable revenue cycle management (RCM) offering designed to meet the unique, individualized needs of healthcare practices as they rebuild and improve the profitability of their practices a year after the onset of the COVID-19 pandemic. …

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Glooko Raises $30M to Expand Digital Diabetes Management Platform

What You Should Know: – Glooko, a Palo Alto, CA-based provider of remote patient monitoring and chronic care management solutions including diabetes and obesity, today announced that they have raised a $30 million Series D round of funding. The funding was led by Health Catalyst Capital along with participation from existing investors Canaan Partners, Georgian, …

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Unite Us Nabs $150M, Reaching $1.6B Valuation to Address Social Determinants of Health

What You Should Know: –   Unite Us, the tech company creating coordinated care networks nationwide, has just announced a $150M Series C round of funding led by ICONIQ Capital, bringing its valuation at $1.65 billion.   – Unite Us is leading the care transformation movement towards whole-person health with its core product, Unite Us Platform, an outcome-focused coordination software sconnecting community-based …

Unite Us Nabs $150M, Reaching $1.6B Valuation to Address Social Determinants of Health Read More »

Reperio Health Raises $6M to Expand At-Home Wellness Kits to Employer Market

What You Should Know: – Portland, Oregon-based Reperio Health announced it has raised $6M in seed funding co-led by Caduceus Capital Partners in Nashville, Tenn., and Rogue Venture Partnersin Portland, Ore., with additional investment from Liquid 2 Ventures and G Ventures, both out of the San Francisco Bay Area. – Reperio’s patent-pending at-home health assessment brings a …

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BioIntelliSense Partners with Leukemia & Lymphoma Society for Continuous Monitoring in Clinical Trials

What You Should Know: –BioIntelliSense announced it has entered into a strategic partnership with The Leukemia & Lymphoma Society (LLS) to incorporate the BioSticker™ platform in clinical trials of hematological cancer patients. – The LLS clinical trials will include use of the BioSticker medical device for the continuous collection of vital sign and physiological data …

BioIntelliSense Partners with Leukemia & Lymphoma Society for Continuous Monitoring in Clinical Trials Read More »

Philips, Disney Partner to Improve Pediatric Experience During MRI Exams

What You Should Know: – Philips and Walt Disney Company, today announced a partnership partners to conduct first of its kind clinical research pilot program that aims to help reduce fear and anxiety to improve children’s patient experience during MRI exams – As part of the partnership, Philips will investigate how Philips Ambient Experience – …

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City of Milwaukee Taps NowPow to Improve Health Equity & Outcomes

What You Should Know: – IMPACT, a designated provider of 211 information and referral services in Southeastern Wisconsin, today announced a groundbreaking collaboration with local health systems, community organizations and NowPow to power one of the nation’s most comprehensive, community-wide systems to connect health and social care and track outcomes. – As part of the …

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Biden Announces Deal With Merck, Johnson & Johnson to Boost COVID-19 Vaccine Production

What You Should Know: – President Biden’s administration today announced a historic manufacturing deal between Merck and Johnson & Johnson (J&J), to expand production of J&J’s COVID-19 vaccine. The collaboration will increase manufacture of vaccine drug substance, as well as its fill-finish capacity – two of the biggest bottlenecks facing J&J in the production of …

Biden Announces Deal With Merck, Johnson & Johnson to Boost COVID-19 Vaccine Production Read More »

Life Sciences Firm OrbiMed Raises $3.5B Across Private Investment Funds

What You Should Know: Life sciences investment firm OrbiMed announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III. The three new funds include a broad range of medical …

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Innovaccer Reaches $1.3B Valuation, Launches Health Cloud Platform

What You Should Know: – Innovaccer closes Series D round of growth capital bringing Innovaccer at a total valuation of $1.3 billion. – In addition, the company has launched the Innovaccer Health Cloud, a platform as a service that combines the company’s Data Activation Platform and application suite with an extensive set of platform services …

Innovaccer Reaches $1.3B Valuation, Launches Health Cloud Platform Read More »

CVS Launches Community-Based Strategy to Address COVID-19 Vaccine Education and Equity

Source: CVS Health What Should Know: – CVS Health unveils community-based strategy increase access to COVID-19 vaccinations for vulnerable communities and advance vaccine education while combating hesitancy. – The strategy includes a strategic partnership with Lyft to help underserved communities access vaccination appointments by providing free or discounted rides for those in need. CVS Health …

CVS Launches Community-Based Strategy to Address COVID-19 Vaccine Education and Equity Read More »

11 Best Practices of a Successful Care Model Transformation Plan

Moha Desai, Principal, Healthcare Strategy & Transformation  Health systems across the country will require a plan to react to government deep spending cuts and revenue shortfalls due to the COVID-19 pandemic. Hospital services have seen a significant downturn in demand in 2020, and the recent resurgence in cases has led to further decreases. The public …

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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 …

Best Practices to Ensure Telehealth Security and Protect Patient Data Read More »

Kroger Health to Offer Smartphone-Enabled COVID-19 Tests Nationwide

Kroger Health Partners with Gauss to Provide Smartphone-Enabled COVID-19 Rapid Antigen Home Tests What You Should Know: – Kroger Health, the healthcare division of The Kroger Co. announced plans to offer the first smartphone-enabled, at-home Gauss COVID-19 Rapid Antigen Test Kit to patients nationwide, expanding the company’s existing portfolio of in-clinic and employer-focused COVID-19 testing …

Kroger Health to Offer Smartphone-Enabled COVID-19 Tests Nationwide Read More »

Vytalize Health Acquires Patient Financial Experience Platform MedPilot

What You Should Know: – Vytalize Health acquires patient financial experience platform MedPilot to accelerate data-driven engagement technology to its ACO’s Medicare population. – An alumnus of the Cedars-Sinai Accelerator, MedPilot’s platform has already helped over 1 million patients to date and boasts a 97% patient satisfaction score.   Vytalize Health, a leading provider of value-based …

Vytalize Health Acquires Patient Financial Experience Platform MedPilot Read More »

Canadian-Based EMR MEDFAR Raises $25M to Expand Into North America

What You Should Know: – MEDFAR Clinical Solutions, a Montreal-based Electronic Medical Record (EMR) provider in Canada, announced today a minority investment of nearly $25 million led by Walter Capital Partners. – MEDFAR’s cloud-based EMR solutions, MYLE and PLEXIA, are built with physicians in mind. MEDFAR R&D is performed in partnership with doctors and healthcare administration and is …

Canadian-Based EMR MEDFAR Raises $25M to Expand Into North America Read More »

Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation

What You Should Know: – Digital health company Sharecare and special purpose acquisition company (SPAC), Falcon Capital Acquisition Corp, today announced an agreement to merge to go public on the NASDAQ under the ticker symbol SHCR at enterprise value of $3.9B. – The transaction is expected to be funded through a combination of Falcon’s $345 …

Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation Read More »

Health Plans Must Go Beyond the ONC Mandate and Prioritize Member Experience

Minal Patel, CEO of Abacus Insights Laurent Rotival, SVP, Strategic Technology Solutions & CIO, Cambia Solutions We are all frustrated when there’s a glitch with our online banking, or if bandwidth problems interfere with streaming the movie we want to watch. Imagine how individuals will react when the results of a cancer screening don’t find …

Health Plans Must Go Beyond the ONC Mandate and Prioritize Member Experience Read More »

Theator Nabs $15.5M to Scale AI-Driven Surgical Intelligence Platform

What You Should Know: – Theator raises $15.5M in Series A funding to support the company’s mission of using AI and computer vision to eradicate disparity and variability in surgical care. – The startup plans to use this round to scale its commercial operations and partnerships with U.S. providers, grow its R&D team and cement …

Theator Nabs $15.5M to Scale AI-Driven Surgical Intelligence Platform Read More »

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 …

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

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 …

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

Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards

What You Should Know: – Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. …

Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards Read More »

Syapse Lands $68M to Expand Global Precision Oncology Data Sharing Network

What You Should Know: – Syapse raises 68M in equity investment  led by Ally Bridge Group (ABG), with Northpond Ventures to expand delivery of real-world evidence  through Syapse’s Learning Health Network. – The Syapse Learning Health Network is a global precision oncology data sharing network, improving cancer care across communities by using real-world data to …

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Capital Rx Secures $50 Million to Redefine Prescription Pricing

What You Should Know: – Capital Rx, the fastest-growing pharmacy benefit manager in the U.S., announced today that it has raised $50 million in Series B financing. – Following the recent launch of JUDITM, the industry’s first Enterprise Pharmacy Platform, Capital Rx will continue to expand the platform’s capabilities, including leveraging AI to improve clinical …

Capital Rx Secures $50 Million to Redefine Prescription Pricing Read More »

Healthcare Metadata Management: 3 Critical Capabilities to Creating A Unified, Automated Approach

Amnon Drori, CEO of Octopai The healthcare industry, like many others, has become a data driven industry collecting data from patients, doctors, labs, and payers that are all crucial to patient healthcare diagnosis and outcome. When it comes to research, data can be useful in creating emerging healthcare technological innovations, pharmaceutical discoveries, as well as …

Healthcare Metadata Management: 3 Critical Capabilities to Creating A Unified, Automated Approach Read More »

SWORD Health Nabs $25M for Virtual Musculoskeletal Care Solution

What You Should Know: – SWORD Health raises $25 million in Series B to accelerate growth of its best-in-class virtual musculoskeletal care solution led by Todd Cozzens, Managing Partner at Transformation Capital and former healthcare investor at Sequoia Capital. Existing investors Khosla Ventures, Founders Fund, Green Innovations, Vesalius Biocapital and Faber also participated. The latest …

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GetWellNetwork Acquires Consumer Engagement Platform Docent Health

What You Should Know: – GetWellNetwork is acquiring Docent Health, a digital health company. Docent provides a patient engagement platform used by healthcare organizations to coordinate personalized care at scale through AI-enabled communication technology. – The acquisition advances GetWellNetwork’s mission to empower patients and families to be more active participants in their care, and extends …

GetWellNetwork Acquires Consumer Engagement Platform Docent Health Read More »

Why CMS Will Lead the 2021 Kidney Care Revolution

Chris Riopelle, CEO of Strive Health After an unprecedented year, kidney care providers, including nephrologists, dialysis facilities, and care extenders are expecting 2021 to follow suit. We will see an overhaul in reimbursement and major industry shifts, partly led by CMS, that will require providers to advance their capabilities in a way that will usher …

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CHIME-KLAS Report Reveals 10 Key EMR Interoperability Trends

What You Should Know: – New CHIME-KLAS interoperability report reveals steady progress in some areas related to interoperability and leaps forward in others. – A total of 67% of provider organizations reported they often or nearly always had access to needed records in 2020, up from 28% in 2017. Providers noted improvements in functionality and …

CHIME-KLAS Report Reveals 10 Key EMR Interoperability Trends Read More »

P&G Signs a License Agreement with Rhinostics to Launch its Novel Nasal Swab into the Market for Rapid COVID-19 Testing and Address Supply Shortages

Shots: Rhinostics plans to register the P&G polypropylene nasal swab as a Class I Exempt medical device and will pursue Emergency Use Authorization for home collection with rPT-PCR testing for detection of SARS-CoV-2 infection Rhinostics Standard Nasal Swab is a polypropylene collection device developed in partnership with P&G for COVID-19 testing which provides sample concentration …

P&G Signs a License Agreement with Rhinostics to Launch its Novel Nasal Swab into the Market for Rapid COVID-19 Testing and Address Supply Shortages Read More »

Aledade Secures $100M for Value-Based Primary Care, Reaching $2.1B Valuation

What You Should Know: – Aledade raises $100 Million in Series D funding to help more primary care practices thrive in value-based care. – The new funding will power the growth of a nationwide network of more than one million patients by further expanding into Medicare Advantage Contracts. Aledade, a Bethesda, MD-based provider of value-based …

Aledade Secures $100M for Value-Based Primary Care, Reaching $2.1B Valuation Read More »

Tech-Enabled PBO RxBenefits Reaches $1.1B Valuation After Recapitalization

What You Should Know: – Private equity firm Advent International announced that it has completed a recapitalization of RxBenefits, the employee benefits industry’s first and only technology-enabled pharmacy benefits optimizer (PBO). – The transaction values RxBenefits at approximately $1.1 billion. Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced …

Tech-Enabled PBO RxBenefits Reaches $1.1B Valuation After Recapitalization Read More »

Cerner Leadership Changes, Other Key Executives Hires

Travis Dalton Dan Devers Cerner announced some leadership changes promoting long-time associates Travis Dalton to Chief Client & Services Officer and Dan Devers to Chief Legal Counsel. After long, respected, meaningful careers at Cerner, John Peterzalek and Randy Sims will be departing. Cognoa, the leading pediatric behavioral health company developing diagnostic and therapeutic solutions for children living with …

Cerner Leadership Changes, Other Key Executives Hires Read More »

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 …

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

Net Health Acquires Post-Acute Analytics Platform PointRight – M&A

What You Should Know: –  Net Health acquires post-acute market analytics platform PointRight to deepen the company’s analytics capabilities, post-acute presence, and support for SNF networks. Net Health, a provider of cloud-based software for specialty medical providers across the continuum of care, today announced that it has acquired PointRight Inc., a leading provider of analytics …

Net Health Acquires Post-Acute Analytics Platform PointRight – M&A Read More »

Transformation Capital Launches $500M Digital Health Fund

What You Should Know: – Transformation Capital Partners, L.P. (“Transformation Capital”) announced the launches of it’s $500M growth equity fund, Transformation Capital Fund II, L.P. – The new fund will focus on investing between $10 to $30M in commercial-stage digital health companies and technology-enabled service businesses that are improving the healthcare system. – Led by …

Transformation Capital Launches $500M Digital Health Fund Read More »

Why A Patient-First Strategy for Specialty Rx Pharmacists Is Critical to Optimize Outcomes

Dr. Brandon Salke, PHARM.D, Pharmacist-in-charge, Optime Care One of the biggest challenges for biopharmaceutical companies of rare and orphan disease patient populations is optimizing disease management in a way that enhances the patient journey and improves outcomes. As these companies seek innovative solution partners, a patient-first approach that offers specialty Rx pharmacist expertise is critical …

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UCHealth Taps Conversa Health to Track COVID-19 Vaccine Effects on Frontline Healthcare Workers

What You Should Know: – Conversa Health’s COVID-19 programs now include patient monitoring pre- and post-vaccination, education on vaccines, and appointment reminders. – Healthcare workers at UCHealth in Colorado are receiving 24/7 monitoring of vital signs two days before and seven days after receiving their vaccinations courtesy of Conversa Health. Conversa Health, a Portland, OR-based …

UCHealth Taps Conversa Health to Track COVID-19 Vaccine Effects on Frontline Healthcare Workers Read More »

2020’s Top 20 Digital Health M&A Deals Totaled $50B

Teladoc Health and Livongo Merge The combination of Teladoc Health and Livongo creates a global leader in consumer-centered virtual care. The combined company is positioned to execute quantified opportunities to drive revenue synergies of $100 million by the end of the second year following the close, reaching $500 million on a run-rate basis by 2025. …

2020’s Top 20 Digital Health M&A Deals Totaled $50B Read More »

Patient-First Model: High Tech Meets High Touch for Individuals with Rare Disorders

Donovan Quill, President and CEO, Optime Care Industry experts state that orphan drugs will be a major trend to watch in the years ahead, accounting for almost 40% of the Food and Drug Administration approvals this year. This market has become more competitive in the past few years, increasing the potential for reduced costs and broader patient accessibility. …

Patient-First Model: High Tech Meets High Touch for Individuals with Rare Disorders Read More »

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 …

5 Post-Acute Care Industry Trends to Watch in 2021 Read More »

Amazon, AstraZeneca, Pfizer, Merck to Build $10M Digital Health Innovation Lab in Israel

Rehovot Science Park What You Should Know: – Pfizer, AstraZeneca, Merck, and Teva, and Amazon Web Services (AWS) has been selected by the Israel Innovation Authority to establish an innovation lab in the fields of digital health and computational biology. – The innovation lab located in the Rehovot Science Park will receive a government budget …

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Virginia Gov Announces $10M in CARES Act Funding to Create Statewide Coordinated Care Network

What You Should Know: – The governor of Virginia announced that the state will allocate $10 million from the federal CARES Act to implement a statewide integrated technology platform, Unite Virginia designed to connect vulnerable Virginians to crucial health and social services. – Unite Virginia will utilize the Unite Us platform to create a statewide coordinated care network to help government agencies, health care providers, and community-based partners ensure medical care and social …

Virginia Gov Announces $10M in CARES Act Funding to Create Statewide Coordinated Care Network Read More »

Amazon, CVS Health, Thermo Fisher Scientific Form Alliance for Employer-based COVID-19 Testing

What You Should Know: – Amazon, CVS Health, Thermo Fisher Scientific join forces to promote employer-based testing As part of a comprehensive COVID-19 testing strategy. – The coalition, named Workplace Employers Alliance for COVID-19 Testing (WE ACT), believes that employer-based testing programs are essential to keeping employees safe during the current public health emergency. – …

Amazon, CVS Health, Thermo Fisher Scientific Form Alliance for Employer-based COVID-19 Testing Read More »

Lyft Launches 60M Ride COVID-19 Vaccine Access Campaign with Anthem, Chase, Epic, United Way, Others

What You Should Know: – In partnership with JP Morgan Chase; United Way; top healthcare organizations including Anthem, Centene, One Medical and Epic; and other non-profit and community partners, Lyft’s goal is to facilitate 60M safe rides to vaccination sites. – Lyft’s vaccine access campaign will help the communities who need it most safely travel …

Lyft Launches 60M Ride COVID-19 Vaccine Access Campaign with Anthem, Chase, Epic, United Way, Others Read More »

12 Recently Launched COVID-19 Vaccine Management Solutions to Know

An in-depth look at twelve recently released COVID-19 vaccine management solutions as COVID-19 vaccines are being distributed nationwide. 1. Microsoft Microsoft launches a COVID-19 vaccine management platform with partners Accenture and Avanade, EY, and Mazik Global to help government and healthcare customers provide fair and equitable vaccine distribution, administration, and monitoring of vaccine delivery. Microsoft …

12 Recently Launched COVID-19 Vaccine Management Solutions to Know Read More »

More Than 45 Million Medical Images Are Openly Accessible Online

What You Should Know: – CybelAngel tools scanned approximately 4.3 billion IP addresses and detected more than 45 million unique medical images left exposed on over 2,140 unprotected servers across 67 countries including the US, UK, and Germany. – The report highlights the security risks of publicly accessible images containing highly personal information including ransomware …

More Than 45 Million Medical Images Are Openly Accessible Online Read More »

Innovaccer, SyTrue Partner to Generate Actionable Insights from Healthcare Data

What You Should Know: – Innovaccer partners with SyTrue to uncover powerful insights and accelerate its efforts to drive healthcare’s digital transformation. – The integration of SyTrue’s proprietary NLP OS with Innovaccer’s FHIR-enabled Data Activation Platform will empower healthcare organizations to identify diagnosis codes and Hierarchical Condition Categories (HCC) from patient care progress notes and …

Innovaccer, SyTrue Partner to Generate Actionable Insights from Healthcare Data Read More »

Microsoft Deploys COVID-19 Vaccine Management Platform

What You Should Know: – Microsoft launches a COVID-19 vaccine management platform with partners Accenture and Avanade, EY, and Mazik Global to help government and healthcare customers provide fair and equitable vaccine distribution, administration, and monitoring of vaccine delivery.  – Microsoft Consulting Services (MCS) has deployed over 230 emergency COVID-19 response missions globally since the pandemic began …

Microsoft Deploys COVID-19 Vaccine Management Platform Read More »

DispatchHealth Launches New Clinic Without Walls for Enhanced Virtual Visits to MultiCare Patients

What You Should Know: – DispatchHealth launches Clinic Without Walls, a new service line offering patients a telemedicine visit with in-person assistance for more complex medical visits. – The initial service line will be available in a pilot to MultiCare patients in the Tacoma and Spokane areas in an effort to its senior patients’ alternative …

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Despite COVID-19: Providers Should Not Lose Sight of MIPS Compliance

Courtney Tesvich, VP of Regulatory at Nextech When 2020 began, no one anticipated that complying with the Merit-based Incentive Payment System (MIPS)—the flagship payment model of the Centers for Medicare & Medicaid Services (CMS) Quality Payment Program (QPP)—would look so different halfway through the year. Like many other things, the COVID-19 crisis has delayed, diverted, …

Despite COVID-19: Providers Should Not Lose Sight of MIPS Compliance Read More »

Cityblock Health Reaches $1B Valuation, Raises $160M to Address Systemic Healthcare Inequity

What You Should Know: – Cityblock Health, a transformative, value-based healthcare provider focused on improving healthcare outcomes for marginalized communities, today announced a $160M Series C round, bringing its total raised to $300M. – Cityblock is a care delivery trailblazer working to right the injustices of a healthcare system that cycles vulnerable communities through frequent …

Cityblock Health Reaches $1B Valuation, Raises $160M to Address Systemic Healthcare Inequity Read More »

Elation Health Nabs $40M for Clinical-First Solution to Power Independent Primary Care

What You Should Know: – Elation Health, which provides an easy-to-use and affordable clinical technology platform for more than 7 million independent primary care clinicians serving 14M+ patients – including an EHR raises $40M in Series C funding from Al Gore’s sustainable investment firm, Generation Investment Management. – Elation’s API-enabled platform also allows organizations to …

Elation Health Nabs $40M for Clinical-First Solution to Power Independent Primary Care Read More »

LeenTaaS Secures $130M for ML Platform to Help Hospitals Achieve Operational Excellence

What You Should Know: – LeanTaaS raises $130 million in Series D Funding to strengthen its machine learning platform to continue helping hospitals achieve operational excellence during a time where they are facing mounting financial pressures due to COVID-19.  – LeanTaaS provides software solutions that combine lean principles, predictive analytics, and machine learning to transform …

LeenTaaS Secures $130M for ML Platform to Help Hospitals Achieve Operational Excellence Read More »

Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts

What You Should Know: – Virtual maternity care platform Babyscripts announced a new round of investments from Banner Health, CU Healthcare Innovation Fund, The Froedtert & Medical College of Wisconsin Health Network, and WellSpan Health – Using internet-connected devices for remote monitoring, Babyscripts offers risk-specific experiences to allow providers to manage up to 90% of …

Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts Read More »

Freespira Secures $10M for FDA-Cleared Digital Therapeutic to Eliminate Panic Attacks, PTSD Symptoms

What You Should Know: – Lightspeed Venture Partners, the VC behind Nest and GrubHub, is leading a $10 million round for Freespira, an FDA-cleared digital therapeutic proven to significantly reduce or eliminate panic attacks and PTSD symptoms by training users to normalize respiratory irregularities. – In 28 days, Freespira can reduce or eliminate panic attacks …

Freespira Secures $10M for FDA-Cleared Digital Therapeutic to Eliminate Panic Attacks, PTSD Symptoms Read More »

Pear Therapeutics Raises $80M to Advance Prescription Digital Therapeutics

What You Should Know: – Pear Therapeutics today announced that it has successfully closed an $80 million Series D financing led by SoftBank Vision Fund 2. –  Pear is the leader in prescription digital therapeutics and the first company to receive FDA authorization for a prescription digital therapeutic (PDT) to treat disease. – Pear currently …

Pear Therapeutics Raises $80M to Advance Prescription Digital Therapeutics Read More »

5 Steps for Interoperability Excellence for Healthcare Providers

Shanti Wilson, Consultant, Freed Associates  As if 2020 couldn’t be any more challenging for healthcare providers, new federal rules on interoperability and patient access, granting patients direct access to their healthcare data, begin taking effect this November and continue into 2022. These rules, while ultimately beneficial to patients, bring an additional level of operational complexity to …

5 Steps for Interoperability Excellence for Healthcare Providers Read More »

5 Myth-Busting New Hospital ADT Notification Requirements

 Claudia Williams, CEO of Manifest MedEx When doctors know their patients have been to the hospital, they can act fast to provide needed support. Widespread use of hospital event notifications is associated with all kinds of health benefits, including a 10 percent decrease in readmissions for Medicare beneficiaries. These event notifications are one of the …

5 Myth-Busting New Hospital ADT Notification Requirements Read More »

Israeli Digital Health VC Firm OTV Closes $170M Venture Fund

What You Should Know: – OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm closes $170 million venture fund to support innovative digital health companies worldwide. – OTV also announced today a new China office and the appointment of Jose Antonio Urrutia Rivas as Head of Asia Pacific. OTV (formerly Olive Tree Ventures), Israel’s ‘digital health …

Israeli Digital Health VC Firm OTV Closes $170M Venture Fund Read More »

M&A: CarepathRx Acquires Pharmacy Operations of Chartwell from UPMC for $400M

What You Should Know: – CarepathRx will acquire the University of Pittsburgh Medical Center’s pharmacy operations in a $400M deal. – The company fully integrates pharmacy operations, expands healthcare services, improves ambulatory access, minimizes clinical variation and creates new health system revenue streams. – CarepathRx serves more than 15 health systems and 600 hospitals, with …

M&A: CarepathRx Acquires Pharmacy Operations of Chartwell from UPMC for $400M Read More »

Google Cloud Launches Healthcare Interoperability Readiness Program

What You Should Know: – Google Cloud launches Healthcare Interoperability Readiness Program to help healthcare organizations achieve healthcare data interoperability. Today, Google Cloud launched the Google Cloud Healthcare Interoperability Readiness Program, helping organizations achieve data interoperability in advance of upcoming HHS deadlines and to enable future innovation. Alongside partners like Bain, BCG, Deloitte, HCL, KPMG, …

Google Cloud Launches Healthcare Interoperability Readiness Program Read More »

HealthStream Acquires Change Healthcare’s Staff Scheduling Business for $67.M

What You Should Know: – HealthStream acquires Change Healthcare’s staff scheduling business for $67.5M in cash which includes the ANSOS™ Staff Scheduling (“ANSOS”) platform and related products. – The acquisition will help establish HealthStream as a market leader in healthcare workforce scheduling business. HealthStream, a leading provider of workforce and provider solutions for the healthcare …

HealthStream Acquires Change Healthcare’s Staff Scheduling Business for $67.M Read More »

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 …

Hospital Sustainability Demands that Revenue Integrity Move Front and Center Read More »

Microsoft Launches Dedicated HealthTech Startup Program in India

What You Should Know: – Microsoft launches a dedicated HealthTech Startup Program and partners with startup incubator Social Alpha to accelerate the growth of healthtech startups in India. – Selected startups into the program will benefit from focused healthcare industry teams, co-innovation and collaboration, and Microsoft AI for healthcare. Today, Microsoft has announced the launch …

Microsoft Launches Dedicated HealthTech Startup Program in India Read More »

7 Best Practices for Third-Party Risk Management in the Pharmaceutical Industry

Dr. Aleksandr Yampolskiy, CEO of SecurityScorecard, The globalization of the pharmaceutical industry has forced pharma companies to outsource, increasing their reliance on third-party vendors and suppliers. As this supply chain grows in complexity, companies find themselves grappling with a growing amount of cyber risk.  A data breach in the pharmaceutical industry can cost companies upwards …

7 Best Practices for Third-Party Risk Management in the Pharmaceutical Industry Read More »

Nuance Sells Off Transcription and EHR-Go-Live Services Businesses to DeliverHealth

What You Should Know: –   Nuance announced that it’s planning to sell two sections of its healthcare business – Health Information Management (HIM) and Electronic Health Record (EHR) Go-Live Services – to a new independent company, called DeliverHealth, in early 2021. – Nuance will be a minority shareholder of DeliverHealth and continue to provide its …

Nuance Sells Off Transcription and EHR-Go-Live Services Businesses to DeliverHealth Read More »

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 …

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

M&A: Central Logic Acquires Patient Care Transition Platform Ensocare

What You Should Know: – Central Logic has acquired Omaha-based Ensocare, which automates the referral process for patients from hospital to post-acute care (PAC) when they are being discharged. – This acquisition means that Central Logic’s technology solution will now expand its reach across the care continuum, from acute to post-acute care—into, through and out …

M&A: Central Logic Acquires Patient Care Transition Platform Ensocare Read More »

Addressing Social Determinants of Health: IT Solutions to Engage Community Resources

What You Should Know: – The latest report from Chilmark Research examines the new approaches and tools for utilizing community resources that can address social determinants of health, giving providers the ability to extend care beyond the confines of the clinic. – This research indicates that the next two years will largely bring an expansion …

Addressing Social Determinants of Health: IT Solutions to Engage Community Resources Read More »

Buoy Health Raises $37.5M to Expand AI-Powered Healthcare Navigation Platform

What You Should Know: – Buoy Health raises $37.5 million in Series C funding to expand it’s AI-powered healthcare navigation platform, bringing its total raised to date at $66.5M. – Buoy will use the proceeds to further build out its IP with respect to artificial intelligence and other technologies, as well as grow the Buoy …

Buoy Health Raises $37.5M to Expand AI-Powered Healthcare Navigation Platform Read More »

Eko Lands $65M to Expand AI-Powered Telehealth Platform for Virtual Pulmonary and Cardiac Exam

What You Should Know: – Cardiopulmonary digital health company Eko raises $65M in Series C funding to close the gap between virtual and in-person heart and lung care. – The latest round of funding will enable Eko to expand in-clinic use of its platform of telehealth and AI algorithms for disease screening and to launch …

Eko Lands $65M to Expand AI-Powered Telehealth Platform for Virtual Pulmonary and Cardiac Exam Read More »

Johnson & Johnson Innovation Launches 3 Collaborations to Advance Healthcare in China

Front row (left to right): Jian Chen, Vice President, Xian Janssen Pharmaceuticals; Dan Wang, Head, Johnson & Johnson Innovation, Asia Pacific; Sharona Tao, Leader, Communications & Public Affairs, Johnson & Johnson China; Jennifer Yang, Head, Lung Cancer Initiative China, Johnson & Johnson Back row (left to right): Alex Zhavoronkov, Founder & CEO, Insilico Medicine; Li …

Johnson & Johnson Innovation Launches 3 Collaborations to Advance Healthcare in China Read More »

Ontrak Acquires Science-Backed, Behavior Change Platform LifeDojo

What You Should Know: – Ontrak acquires LifeDojo Inc, a San Francisco, CA-based comprehensive, science-backed behavior change platform. – The acquisition broadens Ontrak’s addressable market and footprint to lower acuity populations enabling new interventions and remote patient monitoring. Ontrak, Inc., a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced that it has acquired LifeDojo …

Ontrak Acquires Science-Backed, Behavior Change Platform LifeDojo Read More »

KēlaHealth Lands $12.9M to Expand AI-Powered Surgical Intelligence Platform

What You Should Know: –  KēlaHealth announced their Series A round (combined seed and Series A) of $12.9M led by Sante Ventures and new innovation VC, Intuitive Ventures. – KēlaHealth, is a surgical intelligence engine that applies a dynamic cycle of patient-specific predictions, stratified interventions, and outcomes tracking to reduce surgical complications – KēlaHealth is …

KēlaHealth Lands $12.9M to Expand AI-Powered Surgical Intelligence Platform Read More »

Medidata Acquires Digital Biomarker Business of MC10 / Clinical Trials & Wearable Sensors

What You Should Know: – Clinical trials technology company Medidata has acquired the digital biomarker business of MC10. – MC10’s offerings will bring novel clinical analytics and biosensor capabilities to Medidata’s existing technology solutions, enhancing Medidata’s capabilities to integrate data from wearable sensors – including clinical grade metrics – in clinical trials. – With this …

Medidata Acquires Digital Biomarker Business of MC10 / Clinical Trials & Wearable Sensors Read More »

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 …

COVID-19 Pandemic Further Exposes Systemic Racism… Read More »

VA Announces First Cerner EHR Go-Live at Mann-Grandstaff VA Medical Center

What You Should Know: – Cerner today announced the historic and successful first deployment of a modern EHR at Mann-Grandstaff VA Medical Center in Spokane, WA. – The go-live marks the first time in history three federal departments (VA, DOD, and USCG) are using the same EHR. Cerner Corporation today announced the historic and successful first …

VA Announces First Cerner EHR Go-Live at Mann-Grandstaff VA Medical Center Read More »

Humana Taps Cohere Health to Modernize Prior Authorizations for Musculoskeletal Treatment

What You Should Know: – Cohere Health partners with health insurer Humana to modernize the prior authorization process for musculoskeletal treatment across 12 states. – In addition, the company has closed an additional $10M in funding led by Flare Capital Partners and Define Venture, bringing the company’s total funding to $20M. Health insurer Humana has …

Humana Taps Cohere Health to Modernize Prior Authorizations for Musculoskeletal Treatment Read More »

5 Trends Driving The Future of Healthcare Real Estate in 2020 & Beyond

The COVID-19 pandemic has forever changed patient expectations for healthcare delivery, including offered services and health office operations. Although health systems have remained dynamic in adopting telehealth capabilities, their long-term capital, like real estate and supply chain management (SCM) protocols, have not adapted to match these expectations. Health systems must be aware of current trends …

5 Trends Driving The Future of Healthcare Real Estate in 2020 & Beyond Read More »

RLDatix Acquires Verge Health to Accelerate Proactive Risk Mitigation in Healthcare

What You Should Know: – RLDatix acquires Verge Health, creating the largest safety-led compliance and credentialing software platform specifically designed for healthcare. – The acquisition will accelerate the adoption of RLDatix’s applied safety intelligence framework and create an industry-standard for proactive risk mitigation. RLDatix, the leading global provider of intelligent patient safety solutions, announced today …

RLDatix Acquires Verge Health to Accelerate Proactive Risk Mitigation in Healthcare Read More »

Blue Cross NC Launches No-Cost Virtual Programs to Quit Smoking and Reverse Diabetes

What You Should Know: – Today, Blue Cross and Blue Shield of North Carolina partners with Carrot Inc. and Virta Health to help address two of the largest ongoing health issues facing Americans today – smoking and type 2 diabetes. – Virta and Carrot’s programs will be available to individual under-65 members and fully insured …

Blue Cross NC Launches No-Cost Virtual Programs to Quit Smoking and Reverse Diabetes Read More »

Cerner Releases Open Call for EHR-Integrated Voice Assist Testing Partners

Cerner announces an open call for additional health systems to sign on as testing partners of their EHR-integrated Voice Assist technology. Voice Assist will allow clinicians to interact with the EHR by just using their voice. Clinicians will be able to issue voice commands to complete a range of tasks that can save significant time …

Cerner Releases Open Call for EHR-Integrated Voice Assist Testing Partners Read More »

98point6 Lands $118M to Expand Text-Based Primary Care Platform

98point6 App What You Should Know: – On-demand text-based primary care platform 98point6 raises $118M in Series E funding to further invest in research and development and expand its robust medical practice. – 98point6 offers patients easy access to primary care in the same way they’ve grown accustomed to receiving the majority of services today—on …

98point6 Lands $118M to Expand Text-Based Primary Care Platform Read More »

HP Launches EMR-Integrated Print Solutions to Digitize Point of Care Workflows

What You Should Know: – HP launches patient-first print technologies to help healthcare workers stay safe and spend more time caring for patients. – Innovations co-developed with healthcare professionals include industry’s first sterilizable printers, exclusive EMR-compliant workflow solutions, and services to improve patient safety and privacy. Today, HP Inc. officially launched new print solutions for …

HP Launches EMR-Integrated Print Solutions to Digitize Point of Care Workflows Read More »

Thriving in a Value-Based Care Environment: Impacting Outcome-to-Cost Ratio

Jerry Carlson, Product Support Manager, BG DI BU IC Sales, Dunlee As the COVID-19 pandemic creates surges in acute care, many imaging departments are experiencing a decrease in volume, due to patients deferring or canceling non-urgent appointments and surgeries. The impact of this makes it painfully obvious that — because imaging departments rely on a …

Thriving in a Value-Based Care Environment: Impacting Outcome-to-Cost Ratio Read More »

Geisinger, OSF, Presbyterian Double Down on Digital Transformation with AVIA

What You Should Know: – AVIA, a healthcare innovation network comprised of 50+ health systems and other healthcare stakeholder groups, today announced that Geisinger, Presbyterian Healthcare Services, and OSF HealthCare have renewed or expanded their partnerships with the organization to accelerate digital transformation within their individual systems. – While hospital spending has steeply declined due …

Geisinger, OSF, Presbyterian Double Down on Digital Transformation with AVIA Read More »

Lyft Integrates with Epic EHR to Enable Hospitals to Schedule Rides for Patients

What You Should Know: – Lyft is continuing to expand rideshare for non-emergency medical transportation (NEMT) through a first of market direct integration with Epic, the largest electronic health record (EHR) in the U.S. – This will have an immediate impact on hospital operations and patients, with currently committed customers including Tampa General and Ochsner …

Lyft Integrates with Epic EHR to Enable Hospitals to Schedule Rides for Patients Read More »

Humana, Fresenius Medical Care Expand Partnership to Improve Care Coordination for Medicare Advantage Members

What You Should Know: – Humana Inc. and Fresenius Medical Care North America (FMCNA) today announced an agreement to broaden their collaboration toward improving the health of eligible Humana Medicare Advantage members – The agreement between Humana and Fresenius Medical Care North America goes into effect Jan. 1, 2021. Humana Inc. and leading renal care …

Humana, Fresenius Medical Care Expand Partnership to Improve Care Coordination for Medicare Advantage Members Read More »

Butterfly Network Launches Mobile, Whole-Body Ultrasound with Integrated Telehealth Platform

What You Should Know: –  Butterfly Network launched its next-gen ultrasound product, the new Butterfly iQ+ featuring the world’s only Ultrasound-on Chip™ technology and announced a landmark collaboration with the American College of Cardiology (ACC). Butterfly Network, Inc., today announced the launch of its next-gen ultrasound product, the new Butterfly iQ+, the world’s only single-probe, whole-body ultrasound system …

Butterfly Network Launches Mobile, Whole-Body Ultrasound with Integrated Telehealth Platform Read More »

Virta Expands Offerings to Treat New Group of Chronic Illnesses

What You Should Know: – Virta is expanding its suite of treatment options to include prediabetes reversal, obesity reversal, and type 2 diabetes management. – By making this crucial expansion, Virta can scale its treatment to support the tens of millions of additional patients with prediabetes and obesity, as provide an on-ramp to reversal for …

Virta Expands Offerings to Treat New Group of Chronic Illnesses Read More »

Is Your Community Ready for Connected Community of Care Model?

Dr. Keith Kosel is a Vice President at Parkland Center for Clinical Innovation (PCCI) This question initially brings to mind many possibilities such as connection to the latest 5G cellular service, a new super-fast internet provider, or maybe one of the many new energy suppliers jockeying for market share from traditional utility companies. While all …

Is Your Community Ready for Connected Community of Care Model? Read More »

Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding

What You Should Know: – Augmedix closes $25 million in private placement funding and completion of a reverse merger transaction with Malo Holdings Corp. – Following the transaction, the merged entity will be named “Augmedix, Inc.”, and will continue the historic and innovative business of Augmedix.  Augmedix, a company specializing in providing remote medical documentation …

Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding Read More »

Getting Beyond the Telehealth ‘Stop-Gap’ Mentality

Roland Therriault, President, InSync Healthcare Solutions Since COVID-19 emerged as a major health threat, virtual care has taken off. As many as 46% of patients reported in late April that they had used telehealth to replace a canceled healthcare visit in 2020, while 48% of physicians said they had started using telehealth to treat patients.   …

Getting Beyond the Telehealth ‘Stop-Gap’ Mentality Read More »

NIH Funds First Nationwide Rare and Atypical Diabetes Network

What You Should Know: – NIH awards funding for Rare and Atypical Diabetes Network, or RADIANT that will seek to discover the cause of several unusual forms of diabetes. – RADIANT plans to screen about 2,000 people with unknown or atypical forms of diabetes that do not fit the common features of type 1 and …

NIH Funds First Nationwide Rare and Atypical Diabetes Network Read More »

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 …

How Low-Code Solutions Reduce Headaches for Healthcare CIOs Read More »

Accounting for the Social Determinants of Health During the COVID-19 Pandemic

Andy Aroditis, CEO, NextGate The COVID-19 pandemic is not just a medical crisis.  Since the highly contagious disease hit American shores in early 2020, the virus has dramatically changed all sectors of society, negatively impacting everything from food supply chains and sporting events to the nation’s mental and behavioral health. For some people, work-from-home plans …

Accounting for the Social Determinants of Health During the COVID-19 Pandemic Read More »

Lyra Health Reaches $1.1B Valuation After $110M Series D to Meet Demand for Teletherapy

What You Should Know: – Mental health benefits provider Lyra Health raises $110M in Series D funding, bringing its valuation to $1.1 billion. – Lyra has grown significantly in 2020. So far this year, the company has added more than 800,000 new members to the population eligible to receive Lyra benefits, bringing its total member …

Lyra Health Reaches $1.1B Valuation After $110M Series D to Meet Demand for Teletherapy Read More »

Sonde Health Acquires NeuroLex Lab’s Voice-Based Survey Platform

What You Should Know: – Sonde Health acquires NeuroLex Laboratories, Inc. to forms one of the world’s preeminent biobanks focused on vocal biomarkers. – NeuroLex’s core product, SurveyLex, makes it easy to create and distribute voice surveys in less than a minute as URL links through web browsers. Sonde Health, a Boston-based digital vocal biomarker …

Sonde Health Acquires NeuroLex Lab’s Voice-Based Survey Platform Read More »

Brightline Raises $20M for Virtual Pediatric Behavioral Health Platform

What You Should Know: – Brightline raises $20 million to bring its virtual behavioral healthcare platform to kids and families across California and beyond. – Brightline delivers integrated care through innovative technology, virtual behavioral health services, and a collaborative care team focused on supporting children across developmental stages and their families. Brightline, a Palo Alto, …

Brightline Raises $20M for Virtual Pediatric Behavioral Health Platform Read More »

Cerner Technology to Support COVID-19 Testing for HBCUs Nationwide

What You Should Know: – Cerner announces a commitment to help expand COVID-19 testing at Historically Black Colleges and Universities (HBCUs) across the U.S through a partnership with Testing for America. – As part of the partnership, Cerner will serve as the national technology partner for a return to school effort led by the Thurgood Marshall College Fund …

Cerner Technology to Support COVID-19 Testing for HBCUs Nationwide Read More »

Former KKR Vet Jim Momtazee Launches Healthcare Investment Firm, Patient Square Capital

Jim Momtazee, Managing Partner at Patient Square Capital What You Should Know: – Former KKR veteran Jim Momtazee announced the launch of Patient Square Capital, a partnership being purpose-built to become the preeminent investment firm in healthcare.  – Patient Square will partner with best-in-class management teams whose products, services, and technologies improve health.  – Prior …

Former KKR Vet Jim Momtazee Launches Healthcare Investment Firm, Patient Square Capital Read More »

Geisinger Launches New Social Care Platform for Pennsylvania Residents

What You Should Know: – Geisinger inks a partnership Aunt Bertha to launch a new social care platform, Neighborly for Pennsylvania residents. – Powered by Aunt Bertha, Geisinger’s Neighborly platform provides residents in Pennsylvania the ability to easily search and connect with organizations that provide social services including food, housing, childcare, transportation, utility assistance, healthcare, …

Geisinger Launches New Social Care Platform for Pennsylvania Residents Read More »

Backed by Johnson & Johnson, Thirty Madison Raises $47M for Direct-to-Consumer Telehealth Brands

What You Should Know: – Direct-to-consumer telehealth company Thirty Madison raises $47M in Series B round from Johnson & Johnson and Polaris Partners. – Thirty Madison’s three portfolio brands — Keeps, Cove, and Evens — enables patients to easily access specialist-level care combined with the convenience of telemedicine and treatment delivery.  Thirty Madison, a New York City-based digital health company reinventing the …

Backed by Johnson & Johnson, Thirty Madison Raises $47M for Direct-to-Consumer Telehealth Brands Read More »

CancerIQ Raises $5M to Expand Genetic Cancer Risk Assessment Platform

What You Should Know: – CancerIQ raises $5M in Series A funding led by HealthXVentures to accelerate the growth of its genetic cancer risk assessment platform to identify and manage patients at high risk of cancer. – CancerIQ’s technology enables hospitals to use genomics to personalize the prevention and early detection of cancer. – Two …

CancerIQ Raises $5M to Expand Genetic Cancer Risk Assessment Platform Read More »

Waystar Acquires Medicare RCM Company eSolutions at $1.3B Valuation

What You Should Know: – Revenue cycle management provider Waystar acquires eSolutions, a provider of Medicare and Multi-Payer revenue cycle management, workflow automation, and data analytics tools at a $1.3B valuation. – The acquisition will create the first unified healthcare payments platform with both commercial and government payer connectivity, resulting in greater value for providers. …

Waystar Acquires Medicare RCM Company eSolutions at $1.3B Valuation Read More »

Eden Health Lands $25M to Bring On-Site and Virtual Care To Employers, Commercial Real-Estate

What You Should Know: – Eden Health raises $25M to give employers and commercial real estate owners and operators the ability to offer medical care on-site, near-site, and virtually. – Eden’s membership model makes high-quality healthcare an affordable benefit for the average employer, with low to no out-of-pocket costs for their employees. – Since the …

Eden Health Lands $25M to Bring On-Site and Virtual Care To Employers, Commercial Real-Estate Read More »

Allergy Amulet Nabs $3.3M To Launch World’s Smallest, Fastest Consumer Food Allergen Sensor

What You Should Know: – Today, Allergy Amulet announces $3.3M in seed funding to launch the world’s smallest and fastest consumer food allergen sensor and empower the allergy community by alleviating fears about what’s in their food. – Allergy Amulet’s novel technology can improve the quality of life for the millions of people living with …

Allergy Amulet Nabs $3.3M To Launch World’s Smallest, Fastest Consumer Food Allergen Sensor Read More »

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 …

Lumeon Lands $30M to Expand Care Pathway Management Platform Read More »

Top 5 RCM Challenges for Healthcare Executives in the COVID-19 Era and Beyond

Brian Robertson, CEO at VisiQuate, There have been many memorable “where were you?” events since the 21st century began. But few can match the COVID-19 pandemic, at least from a healthcare perspective.  The effect on healthcare (and healthcare executives) has been particularly profound since our industry is in the center of everything. From the search for …

Top 5 RCM Challenges for Healthcare Executives in the COVID-19 Era and Beyond Read More »

Analysis: July Health IT M&A Activity; Public Company Performance

– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of July 2020. While a pandemic ravages the country, technology valuations are soaring.  The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains …

Analysis: July Health IT M&A Activity; Public Company Performance Read More »

New Tech Solution Lets People Securely Share COVID-19 Testing Results

What You Should Know: – TransUnion, in partnership with CLX Health, a joint venture from UST Global and SiriusIQ, announced the launch of HealthyAmerica, a technology solution that will give individuals the power to securely share their COVID-19 testing results while maintaining their individual privacy – helping businesses and schools across the country to minimize risk and …

New Tech Solution Lets People Securely Share COVID-19 Testing Results Read More »

Ginger Lands $50M to Expand On-Demand Mental Health Support Platform

What You Should Know: – Ginger announces $50 Million in Series D funding to expand access to its on-demand mental healthcare system led by Advance Venture Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing investors. – Company has more than tripled revenue over the past year, now brings access to on-demand mental …

Ginger Lands $50M to Expand On-Demand Mental Health Support Platform Read More »

Cerner Invests in Xealth to Jointly Develop Digital Health Solutions for Clinicians

What You Should Know: – Cerner and Xealth announce a collaboration to foster tighter physician-patient relationships by giving patients easier access to digital health tools. – These assets will be prescribed directly within the physician’s EHR workflow to manage conditions including chronic diseases, behavioral health, maternity care, and surgery preparation. – Cerner and LRVHealth have …

Cerner Invests in Xealth to Jointly Develop Digital Health Solutions for Clinicians Read More »

How Times of Crisis Spur Needed Change in Healthcare Delivery

As the COVID-19 pandemic continues to change healthcare operations in the world, foundational systems are being adapted to meet these new demands. Sometimes it takes extreme circumstances to see the cracks in a system. COVID-19 has exposed areas with more room for improvement in the healthcare system, such as optimizing operational efficiency. Organizations and individuals …

How Times of Crisis Spur Needed Change in Healthcare Delivery Read More »

DAS Health Acquires Managed IT Services and CyberSecurity Company Technology Seed

– Both companies’ clients will gain an increased depth of IT and security support, and Technology Seed’s healthcare clients will now have a substantially improved value proposition DAS Health Ventures, Inc., a provider of health IT and management, announced today it completed the acquisition of Technology Seed, LLC, a managed IT and cybersecurity services company based in Salem, NH. …

DAS Health Acquires Managed IT Services and CyberSecurity Company Technology Seed Read More »

Lemonaid Health Raises $33M to Expand On-Demand Consumer Telehealth Platform

– Lemonaid Health, a direct to consumer telehealth company raises $33M in Series B funding to expand the company’s medical team and number of services being offered to patients. – To date, the company has treated more than a million patients online for a variety of medical conditions ranging from erectile dysfunction to sinus infections to …

Lemonaid Health Raises $33M to Expand On-Demand Consumer Telehealth Platform Read More »

Ciox Health Acquires Biomedical NLP Company Medal

What You Should Know: – Ciox Health has acquired Medal, Inc., a biomedical Natural Language Processing (biomed-NLP) technology company. – The acquisition will lead Ciox to better and more quickly enable real-world data in support of research that advances patient care. Ciox Health, a leading health technology company, today announced its acquisition of San Francisco-based biomedical Natural Language …

Ciox Health Acquires Biomedical NLP Company Medal Read More »

Sharecare Acquires WhiteHatAI to Enhance Healthcare Payment Integrity

What You Should Know: – Sharecare acquires WhiteHatAI to provide health plan and provider clients with additional capabilities to ensure healthcare payment integrity  – WhiteHatAI’s ability to detect erroneous claims before they are paid will help Sharecare’s health plan partners reduce costs associated with FWA. – Sharecare will integrate WhiteHatAI’s capabilities to foster deeper engagement …

Sharecare Acquires WhiteHatAI to Enhance Healthcare Payment Integrity Read More »

HealthEdge Software Acquires Payment Integrity Solution The Burgess Group

What You Should Know: – HealthEdge Software announces the acquisition of The Burgess Group, LLC (“Burgess”), an innovative payment integrity software company focused on improving healthcare payment operations for an undisclosed sum. – The strategic acquisition will boost Health Edge’s position in the payment integrity market and extends best-in-class claims processing to include software-driven payment …

HealthEdge Software Acquires Payment Integrity Solution The Burgess Group Read More »

Sharecare Launches Digital COVID-19 Return-to-Work Solution for Employers

What You Should Know: – Sharecare launches its offering for employers: Well-Being@Work,  a virtual solution for COVID-19 that’s integrated with its app-based digital health platform for managing consumer health and well-being. – The offering is designed for employers – organizations of any kind – to support their workforces as they return to work when the time …

Sharecare Launches Digital COVID-19 Return-to-Work Solution for Employers Read More »

Cohere Health Launches with $10M to Increase Transparency Across Care Journey

What You Should Know: – Boston-based health IT start-up Cohere Health announced the official launch of its company with a $10 million Series A funding round led by Flare Capital Partners. – The company’s patient journey-focused platform improves the notoriously difficult prior authorization process and replaces an existing patchwork of legacy, siloed processes, and antiquated …

Cohere Health Launches with $10M to Increase Transparency Across Care Journey Read More »

Activ Surgical Raises $15M Advance Autonomous and Collaborative Surgery

What You Should Know: – Digital surgery pioneer Activ Surgical raises $15M in funding led by ARTIS Ventures to accelerate U.S. commercialization and European expansion efforts for its ActiveEdge platform, which enables existing surgical systems, from scopes to robots, to visualize, characterize and track tissue, in real-time beyond today’s human capability.  – ActivSight, is an …

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HGP Semi-Annual Health IT Market Review: 6 Key Trends to Know

Healthcare Growth Partners, an Investment Banking and Strategic Advisory firm exclusively focused on the transformational health IT market, today announced the release of its Semi-Annual Health IT Market Review report that summarizes M&A and private equity activity across health IT, health information services, and digital health. Report Background/Methodology This edition of the report includes feedback from …

HGP Semi-Annual Health IT Market Review: 6 Key Trends to Know Read More »

Wake Forest Baptist Health Launches Drone Delivery for Medicines, PPE for COVID-19

What You Should Know: – Wake Forest Baptist Health will establish a hospital drone delivery network to carry patient-specific time- and temperature-sensitive medicines and PPE for medical professionals treating COVID-19. – In partnership with Matternet and UPSFF today started operating on two routes from one location at Wake Forest Baptist Health to two other health …

Wake Forest Baptist Health Launches Drone Delivery for Medicines, PPE for COVID-19 Read More »

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 …

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

Curavi Health, CarePointe, U.S. Health Systems Merge to Form Arkos Health to Power Virtual Care for Seniors

Curavi Health, CarePointe, U.S. Health Systems announced a merger agreement to form Arkos Health. Arkos Health will provide virtual care solutions and health insights to vulnerable populations across the United States. These three entities will become wholly-owned subsidiaries of Arkos Health, and the executive leadership teams will be merged. UPMC will continue to own a …

Curavi Health, CarePointe, U.S. Health Systems Merge to Form Arkos Health to Power Virtual Care for Seniors Read More »

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 …

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

Paige Lands Additional $15M for AI-Native Digital Pathology Ecosystem

What You Should Know: – Paige secures an additional $15M from Goldman Sachs for a total Series B funding round of $70M for its AI-native digital pathology ecosystem. – The company’s continued product portfolio of innovation in telepathology and digital diagnostics accelerated by further investment. Paige, an NYC-based leader in computational pathology transforming the diagnosis …

Paige Lands Additional $15M for AI-Native Digital Pathology Ecosystem Read More »

Doctor On Demand Raises $75M to Expand Comprehensive Virtual Care Platform

What You Should Know – Doctor On Demand raises $75M in Series D funding led by General Atlantic to expand comprehensive virtual care. – Doctor On Demand is seeing record usage this year – up 139% – for COVID-19 screenings, routine health issues, chronic conditions and behavioral health. San Francisco, CA-based Doctor On Demand, today announced it has raised $75 million in …

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VA, Philips to Create World’s Largest Tele-Critical Care System for Veterans

What You Should Know: – U.S. Department of Veterans Affairs selects Philips to create the world’s largest tele-critical care system, further integrating tele-health and delivering quality care for veterans. – The ten-year contract, which enables VA to invest up to $100 million with Philips for tele-critical care technology and services, leverages Philips history of innovation, including research into technologies …

VA, Philips to Create World’s Largest Tele-Critical Care System for Veterans Read More »