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Morning Headlines 3/24/22

March 23, 2022 Headlines No Comments

Eko expands algorithmic heart problem detection and lands $30M Series C extension

Digital stethoscope company Eko adds $30 million to its $65 million Series C funding round, and announces the launch of clinical decision support software.

Qualifacts + Credible Announces New Company Name

After merging in 2020, EHR vendor Qualifacts + Credible rebrands to Qualifacts.

PursueCare’s Virtual Addiction Treatment Program Adds In-Person Clinics, Continuing Rapid Expansion

Virtual behavioral healthcare provider PursueCare opens its first in-person clinic as part of a service expansion to Pennsylvania and New Jersey.

Morning Headlines 3/23/22

March 22, 2022 Headlines 2 Comments

Antidote Health Raises $22 Million in Series A Funding

Membership-based telemedicine company Antidote Health will use a new $22 million investment to add primary and chronic care services, and to further develop AI screening and clinical decision support system capabilities.

Recora Announces $20M in Series A Funding and Unveils Cardiac Recovery Program for Health Systems, Medical Groups and Health Plans

Tech-enabled cardiac recovery startup Recora raises $20 million in Series A funding.

VA and Cerner to investigate cause of Spokane electronic health records outage

The VA and Cerner promise to perform a thorough root-cause analysis of the software bug that caused Mann-Grandstaff VA Medical Center to take its Cerner EHR offline earlier this month.

U.S. Supreme Court rejects Epic Systems’ bid to restore $280 mln jury award

The US Supreme Court will not take up Epic’s challenge to an appeals court’s decision to cut the amount of damages it won in its stolen trade secrets case against Tata Consultancy Services.

Morning Headlines 3/22/22

March 21, 2022 Headlines No Comments

Fresenius Medical Creates Kidney-Care Business With InterWell, Cricket

Fresenius Medical Care will create a kidney-care business valued at $2.4 billion by combining its US business with InterWell Health’s providers and Cricket Health’s technology.

DeliverHealth Acquires PresidioHealth, Expanding its Software Platform to Speed Up Appropriate Reimbursement

Health IT vendor DeliverHealth acquires PresidioHealth, which offers automated coding and revenue workflow capabilities for physician groups, urgent care centers, and freestanding ERs.

TimeDoc clocks in $48 million

Virtual care management company TimeDoc Health raises $48.5 million in a Series B funding round led by Aldrich Capital Partners.

Morning Headlines 3/21/22

March 20, 2022 Headlines No Comments

Murray, McMorris Rodgers demand VA stop computer system launch in Walla Walla after reports reveal problems persist at Spokane hospital

Senator Patty Murray (D-WA) demands that the VA delay its planned March 26 Cerner go-live at the Walla Walla VA following VA OIG reports of continuing problems at the first live site at Mann-Grandstaff VA Medical Center in Spokane.

Healthcare tech platform Doctolib reaches $6.4 billion valuation

France-based Doctolib — which offers doctor search, scheduling, virtual visit booking, and document sharing — becomes the country’s highest-valued startup at $6 billion based on a new funding round.

Canopy Launches Out of Stealth With $13 Million to Help Oncology Practices Adopt a Proactive Care Delivery Model

Canopy (formerly Expain Health) launches its EHR-integrated technologies for oncology practices alongside securing a $13 million funding round.

Morning Headlines 3/18/22

March 17, 2022 Headlines No Comments

$23M in Series B funding to enable Embold’s continued growth​

Healthcare analytics and provider performance transparency company Embold Health increases its Series B funding round to $23 million, bringing its total raised to $53 million.

Serious issues with VA electronic health records system remain unresolved, watchdog says

A new report from the Office of the Inspector General finds ongoing patient safety issues with the VA’s Cerner roll-out, including problems with scheduling appointments, errors in importing medication lists and orders, and missing suicide risk alerts.

Nuance and Cerner Working to Improve Clinician and Patient Experiences

Cerner will integrate Nuance’s Dragon Ambient Experience voice-enabled automated documentation software with its Millennium EHR.

Morning Headlines 3/17/22

March 16, 2022 Headlines No Comments

House Rx Secures $30 Million in Financing to Improve the Specialty Pharmacy Experience for Patients and Their Care Teams

Specialty practice-focused House Rx, which offers technology that helps prescribers and pharmacists ensure patients have timely access to specialty medications, raises $25 million in a Series A funding round.

Avive Secures $22 Million in Series A Funding to Advance Intelligent AED and Lifesaving Platform for Out-of-Hospital Cardiac Arrest

Avive Solutions, which has developed wirelessly connected automated external defibrillator technology, has raised $22 million in a Series A round of funding.

Startup behind menopause app Stella targets US market

UK-based menopause care app developer Vira Health will use a $12.1 million investment to grow employer adoption in the US, and support clinical trials and the addition of telemedicine.

Morning Headlines 3/16/22

March 15, 2022 Headlines No Comments

Lyniate and NextGate Announce Merger Agreement, Advancing Healthcare Interoperability Leadership

Health data integration company Lyniate will acquire patient identity management vendor NextGate.

OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform

OptimizeRx acquires EvinceMed, a Las Vegas-based company that automates specialty pharmacy transactions.

Komodo Health preps summer IPO

De-identified patient data and analytics vendor Komodo Health, valued at $3.3 billion, will reportedly go public this summer.

Morning Headlines 3/15/22

March 14, 2022 Headlines 1 Comment

Clarify Health Acquires Embedded Healthcare to Scale Value-Based Care for Health Plans

Healthcare analytics company Clarify Health acquires Embedded Healthcare, an analytics vendor focused on changing provider behavior to encourage high-value care.

Specialty-Driven EHRs Repeat Top 2022 Physician Satisfaction Ratings, 12th Annual Black Book Ambulatory Practice Surveys

Ambulatory end users give ModMed, Cerner, and Allscripts top marks across multiple categories for user satisfaction, according to a Black Book survey of nearly 16,000 specialty practices.

Study: Patients more forthcoming on health issues with electronic assessments

Patients are more likely to disclose symptoms of depression, fall risk, or intimate partner violence when filling out a tablet-based assessment versus an in-person assessment, according to a study conducted at six Atrium Health Wake Forest Baptist practices.

Morning Headlines 3/14/22

March 13, 2022 Headlines No Comments

Oracle (ORCL) Q3 2022 Earnings Call Transcript

Oracle reports Q3 results, beating revenue expectations but falling short on earnings, and announces that it will target the entire integrated healthcare ecosystem – a strategy that influenced its decision to acquire Cerner.

Avant-garde Health Launches Comprehensive Surgical Care Improvement Analytics Platform and Announces $12 Million of Series A Funding Led by Fulcrum Equity Partners

Avant-garde Health, which specializes in analytics for surgical and procedure-based care, raises $12 million in a Series A funding round.

Prenosis Announces Investment from PACE Healthcare Capital, bringing Total Funding to Over $20 million

Precision medicine and clinical dataset vendor Prenosis secures funding from Pace Healthcare Capital, bringing its total raised to over $20 million.

Morning Headlines 3/11/22

March 10, 2022 Headlines No Comments

Symplr Purchases GreenLight Medical, Leading Provider of Healthcare Supply Chain Management Software

Symplr acquires GreenLight Medical, which offers healthcare supplychain management software.

UPMC and Kyruus Launch Strategic Partnership to Transform Digital Patient Access and Care Navigation

UPMC makes an unspecified investment in Kyruus and will collaborate in developing the company’s ProviderMatch patient access platform.

Colorado-based digital health leader launches new startup with $3M in seed funding

RxRevu founder Carm Huntress launches Credo, a Denver-based startup focused on digitizing and automating the medical  records retrieval process, with a $3 million investment.

Vivante Health Raises $16M in Series A Round Led by 7wireVentures; Adds Multiple Fortune 500 Clients

Vivante Health, which offers employers a digestive health management program, raises $16 million in a Series A funding round.

Morning Headlines 3/10/22

March 9, 2022 Headlines No Comments

Cedars-Sinai Establishes New Division: Artificial Intelligence in Medicine

The Department of Medicine at Cedars-Sinai (CA) has established the Artificial Intelligence in Medicine division to better understand how AI can be used to improve medical care initially related to cardiac imaging, sudden cardiac arrest, COVID-19, and clinical genetics.

Reproductive health startup readies for delivery

Noula Health, a reproductive support services startup with virtual care capabilities, has raised $1.4 million in pre-seed funding.

Omega Healthcare Acquires Reventics, a Physician Focused CDI and RCM Company

Medical coding and RCM vendor Omega Healthcare acquires clinical documentation improvement and RCM company Reventics for an undisclosed sum.

Morning Headlines 3/9/22

March 8, 2022 Headlines No Comments

Epic Launches Garden Plot: A Shared Environment Where Independent Medical Groups Can Grow

Epic announces Garden Plot, an Epic version for independent medical groups that is offered directly from Epic instead of requiring a Community Connect agreement with a health system.

Health Gorilla Raises $50 Million Series C to Securely Enable the Exchange of Actionable and Aggregated Clinical Data

Healthcare API developer Health Gorilla raises $50 million in a Series C funding round, bringing its total raised to $80 million.

Harris Acquires Israel-based 2Team Computers Ltd.

Harris acquires Israel-based insurance software vendor 2Team Computers.

Morning Headlines 3/7/22

March 6, 2022 Headlines No Comments

Microsoft + Nuance: Better together to transform business and healthcare outcomes with AI

Microsoft closes its $19.7 billion acquisition of Nuance.

Athenahealth Whistleblower Wins Fees In $18M Kickback Case

A federal judge awards a whistleblower $390,000 for helping the federal government recoup $18.3 million from Athenahealth for paying kickbacks to doctors and other EHR vendors to recommend AthenaClinicals.

Philips and the Philips Foundation provide support for the people of Ukraine

Philips and its foundation will provide a 24-bed mobile hospital and mobile check-up units to Ukraine, and provide financial assistance to displaced citizens.

Morning Headlines 3/4/22

March 3, 2022 Headlines No Comments

CancerIQ Raises $14M Series B Funding to Improve Access to Innovations in Cancer Early Detection and Prevention

Cancer risk assessment software vendor CancerIQ raises $14 million in a Series B funding round.

GTCR Announces Acquisition of Experity

Private equity firm GTCR acquires urgent care health IT vendor Experity.

Spokane VA hospital grinds to a halt after computer system corrupts patient data

Mann-Grandstaff VA Medical Center (WA) has taken its Cerner EHR offline after a service outage due to an issue with patient demographic data forced it to revert to downtime procedures.

Morning Headlines 3/3/22

March 2, 2022 Headlines No Comments

Constellation Software’s Harris Operating Group Acquires Allscripts Hospitals and Large Physician Practices Business Segment

Allscripts will sell its hospitals and large physician practices business segment, including its Sunrise, Paragon, and TouchWorks solutions, to Harris for up to $700 million.

Synapse Medicine raises $28 million for its medication intelligence platform

French medication decision support startup Synapse Medicine will use $28 million in new funding to open a spate of global offices, including one in New York City.

Ro acquires sperm collection and testing startup Dadi for $100 million

Online pharmacy and virtual care company Ro acquires at-home sperm collection, testing, and storage startup Dadi for $100 million.

Morning Headlines 3/2/22

March 1, 2022 Headlines No Comments

Our Next Chapter: Announcing a $50 Million Growth Capital Round Led by THL & Strategic Partnership with Premier, Inc.

Automated healthcare operations technology vendor Qventus secures $50 million in growth capital from investors that include Thomas H. Lee Partners and Premier, which announced a partnership with the company last month.

Cigna Announces Significant Increase to Share Repurchase Program and Capital Deployment

Cigna will provide an additional $450 million to fund its Cigna Ventures venture capital arm, which will be used for investments in analytics, digital health, and care delivery.

Conifer to Remain Part of Tenet with Strong Path Forward

Tenet cancels plans to spin off its Conifer Health Solutions revenue cycle management business due to improved Conifer profit and expectations for increased revenue growth.

Morning Headlines 3/1/22

February 28, 2022 Headlines 2 Comments

Teladoc spikes on partnership with Amazon for virtual care on Alexa

Teladoc Health’s stock jumps on the news that Amazon has tapped it to provide virtual consults to Alexa users via its Echo devices.

Office Practicum to Offer the Market’s First “Whole Child” Digital Healthcare Platform

Pediatric health IT vendor Office Practicum acquires RemedyConnect, which offers telemedicine, an after-hours answering service, and website and marketing services for pediatric practices; and pediatric behavioral health EHR and RCM vendor NextStep Solutions.

Global Healthcare Exchange Enhances Automation, Data Analytics and Inventory Management Capabilities with Acquisition of Syft

GHX will fold newly acquired Syft, a vendor of AI-powered inventory control and end-to-end supply chain management software and services, into its value-based care division.

XRHealth Secures $10M in Funding to Expand Virtual Reality Healthcare Treatment in the Metaverse

Virtual reality-based healthcare company XRHealth raises $10 million, bringing its total raised to $35 million.

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