Clinical research network vendor Elligo Health Research raises $135 million in a Series E funding round.
The company recently acquired research practice management organization ClinEdge.
Existing investor Cerner, which returned for this round, also acquired life sciences analytics vendor Kantar Health for $375 million early this year and created the Cerner Learning Health Network EHR-powered clinical trials service for participating health systems in 2019.
HIStalk Announcements and Requests
Poll respondents expect remote patient monitoring and telehealth to affect healthcare more than any other technologies.
New poll to your right or here: Should physicians and other healthcare providers be licensed nationally rather than state by state?
October 6 (Wednesday) 2 ET. “Solving Patient Experience Challenges Through a Strong Digital Front Door.” Sponsor: Avtex. Presenters: Mike Pietig, VP of healthcare experience, Avtex; Jamey Shiels, MBA, VP of consumer experience, Advocate Aurora Health; Chad Thorpe, care ambassador, DispatchHealth. Patients expect healthcare providers to offer them the same digital experience they get when banking, shopping, and traveling. This webinar will describe how two leading healthcare providers created digital front doors that exceed patient expectations, improve patient outcomes, drive loyalty and acquisition, and future-proof their growth strategies in competitive markets.
October 6 (Wednesday) 1 ET. “A New, Streamlined Approach to Documentation and Problem List Management in Cerner Millennium.” Sponsor: Intelligent Medical Objects. Presenters: Deepak Pillai, MD, physician informaticist, IMO; David Arco, product manager, IMO; Nicole Douglas, senior product marketing manager, IMO. The IMO Core CSmart app, which is available for Cerner Millennium in the Cerner code App Gallery, helps providers document with specificity, make problem lists more meaningful, and improve HCC coding. This webinar will review the challenges and bottlenecks of clinical documentation and problem list management and discuss how streamlined workflows within Cerner Millennium can help reduce clinician HIT burden.
Acquisitions, Funding, Business, and Stock
I was curious about the performance of Teladoc Health stock since announced its acquisition of Livongo for $18.5 billion in August 2020. Shares are down 30% versus the Dow’s 27% increase, with the company’s market capitalization now being barely more than the acquisition price of what was touted to be a $37 billion merger (the company is now worth $21 billion). TDOC shares are 56% off their 52-week high. The company lost $134 million in Q2.
Definitive Healthcare’s IPO performance and its resulting multi-billion dollar valuation has piqued curiosity about what the company does. Check out an analysis of its IPO filings by Redpoint Ventures principal Jacob Effron, MBA, who describes how the company has succeeded in offering prospect analytics to support healthcare sales for life sciences and healthcare IT companies as well as provider analytics for health systems.
Insurer technology vendor HealthEdge hires Anshul Pande, MS (Stanford Children’s Health) as SVP of R&D and Angelo Devita, MPH (Avalon Healthcare Solutions) as VP of enterprise account management.
Dennis Sutterfield, MS (Temple Health) joins SUNY Downstate Medical Center as VP/CIO.
RCM services vendor Savista (formerly NThrive’s Services Division) hires Jan Grimm (Butterfly Network) as CEO and board member. He replaces Brenda Cline, who has retired and joined the company’s board.
US COVID-19 numbers continue to improve, with cases, test positivity rate, and hospitalizations all down significantly in the past week, although deaths remain at nearly 2,000 per day.
CDC recommends boosters for some people who have received the Pfizer-BioNTech COVID-19 vaccine – those over 65, people who live in institutional settings, those with underlying medical conditions, and frontline workers. CDC did not follow its vaccine advisory’s recommendation to exclude at-risk workers. The advisory panel has not yet been tasked with reviewing the need for boosters for the Moderna and J&J vaccines, but some panel members urged a mix-and-match strategy in which those recipients could receive a Pfizer-BioNTech booster.
Anti-vaccine Facebook groups are urging people to remove their relatives with COVID-19 out of hospital ICUs, which they say are blocking the use of “miracle cures” such as ivermectin. Groups whose members have realized that ivermectin is not effective are now touting a “protocol” that includes gargling with iodine and inhaling hydrogen peroxide. A Harvard professor calls it “vigilante medicine” that is “being practiced by laypeople who are reading groups created by other laypeople in echo chambers and silos that, likely, someone in the anti-vax movement is profiting from.” Meanwhile, horse owners can’t get ivermectin paste for de-worming because it is being bought up from feed stores for human use.
A startup launched in October 2020 that runs a dozen COVID-19 testing sites is charging $380 for the same at-home rapid test that drugstores sell over the counter for $20 and for which Medicare pays $41. Omaha-based GS Labs, which has performed 500,000 of the tests, is using a CARES Act requirement that insurers pay a provider’s cash price. The company says it prices are high because it offers premium service, such as fast appointments and a nursing hotline. It is owned by a real estate and investment firm. UPMC Health Plan noticed that 91% of patient claims that included both an antigen and an antibody test came from GS Labs, insurance payment for which is also guaranteed by CARES Act.
I don’t usually post job openings, but this one sounds good. CVS Health is recruiting for a physician to serve as senior medical director of health informatics.
- Nuance announces that it has again ranked highest in customer satisfaction by Black Book Research for AI-powered CDI, speech recognition, and clinical intelligence solutions.
- The HCI Group releases a new DGTL Voices Podcast, “Future of Music in this DGTL Age.”
- The Stevie Awards names Quil Health CEO Carina Edwards a Gold Winner for Most Innovative Woman of the Year in Healthcare.
- RCxRules partners with Athenahealth’s Marketplace Program.
- Spirion marks its 15th anniversary with a Great Place to Work Certification.
- The Patient Safety & Quality Healthcare Podcast features Talkdesk VP of Strategy Greg Miller, “The Digital Front Door of Healthcare.”
- Vyne Medical releases a new podcast, “Connecting with Today’s Consumer: A Closer Look into the State of Healthcare Consumerism.”
- Access and Affordability Trends in Rare and Orphan Disease (OptimizeRx)
- Keeping Us Productive, Safe, and Supported: Netsmart Facilities Team (Netsmart)
- Everything old is new again (Nordic)
- CRO Recruitment: 3 Steps to Attracting Patients to Clinical Trials (PatientBond)
- Biller’s Corner: Top 5 Avoidable Denials in Medical Billing (PMD)
- Reducing Alert Fatigue in Healthcare (Premier)
- Medical Coding Automation: A Coding Team’s Secret Weapon (RCxRules)
- Meet Dina at NAACOS! (Dina)
- Staying True to Your Values Through Massive Growth (RxRevu)
- Scans in vans, 5G, AI, COVID … are we set for a quantum leap in taking diagnostics to patients? (Sectra)
- Credentialing by Proxy for Telemedicine: 7 Things to Know (SOC Telemed)
- HL7: What it is and why it’s important to understand (Spok)
- Improve Patient Care and Check the CMS “Box” with Tailored Clinical Intelligence (Surescripts)
- 5 Ways Telehealth is Transforming the Patient Experience (Twistle)
- Is It Time to Update Your PT Clinic’s Software System? (WebPT)
- Multilingual Patient Communication Serves Kheir’s Diverse Community (Well Health)
- Finding the keys to your digital front door and building better patient experiences (West Monroe)
- What can $2.1 billion do for infection control in the wake of COVID-19? (Wolters Kluwer Health)