Category: Providence

Everest Signs a License Agreement with Providence to Advance mRNA Vaccines

Biotech, COVID-19, Everest, mRNA vaccines, Providence / September 14, 2021 September 14, 2021

Shots: Providence to receive $100M up front for Providence’s PTX-COVID19-B, mRNA technology & other products, ~$300M upon achievement of milestones, $100M in profit-sharing along with royalties in Greater China & Singapore. Providence is also eligible to receive royalties based on vaccine sales in Everest Territories Everest gains rights to Providence’s PTX-COVID19-B in Greater China, Asia, …

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Providers, payers & startups are all looking for key pieces to solve the maternal care puzzle

BCBSA, Daily, death rate, hospitals, Mahmee, maternal health, Maven Clinic, News, Optum, outcomes, Policy, Providence, Racial Disparities, Startups, SYN, Top Story, Wolomi / May 16, 2021 May 16, 2021

America’s abysmal record on maternal care outcomes and equity has spurred the rise of startups as well as innovative strategies from providers and payers, each trying to solve a piece of the larger problem. But these entities will also need the help of policymakers to truly improve care in this arena.

The key IT decisions that helped providers survive April 2020

April, California, cases, COVID-19, Daily, first wave, Health IT, hospitals, Kaiser Permanente, Montefiore Health System, Mount Sinai, New York, News, pandemic, Providence, SYN, Top Story, UW Medicine, WASHINGTON / April 8, 2021 April 8, 2021

As Covid-19 cases started escalating last April, providers in hotspot states, like New York, California and Washington, had to quickly pivot their IT plans. These are some of the decisions that five health IT leaders made — aside from expanding telehealth — that helped their health systems survive the first wave of the pandemic and …

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Providence’s newest digital health spinout snags $20M

Daily, DexCare, digital care, EHRs, funding, Health Tech, hospitals, News, platform, Providence, Startups, SYN, Top Story / March 23, 2021 March 23, 2021

A new digital health company — spun out from Providence’s Digital Innovation Group — has raised $20 million in its first funding round. The company offers a platform that aims to help providers coordinate and manage digital care services.

Providence, Nuance’s expanded AI partnership aims to reduce clinician burnout

AI, Artificial Intelligence, burnout, Clinical Documentation, Daily, Health IT, hospitals, News, Nuance, Physician, Providence, SYN, technology, Top Story / November 20, 2020 November 20, 2020

The 51-hospital system and artificial intelligence company are building on their existing collaboration to deploy technology that will allow physicians to focus solely on their patients during visits.

Report: Hospital margins down 96% since the start of 2020

COVID-19, Daily, HCA, hospital margins, hospitals, Kaufman Hall, Mayo Clinic, Providence, SYN, Top Story / August 26, 2020 August 26, 2020

A report by Kaufman Hall showed that while hospitals’ operating margins improved in July, they were down 96% since the start of the year. Including funding allocated through the CARES Act. Without CARES Act funding, hospital margins were still down 28%.

Pandemic drives $221M operating loss for Providence

CARES Act, COVID-19, Daily, hospital, hospitals, Providence, SYN, Top Story / August 19, 2020 August 19, 2020

Providence posted a $221 million operating loss in the first half of 2020 due to the Covid-19 pandemic. The Washington-based health system saw patient volumes decline by 13% in the first six months.