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Morning Headlines 11/1/21

October 31, 2021 Headlines No Comments

Cerner Reports Third Quarter 2021 Results

Cerner reports Q3 results: revenue up 7%, adjusted EPS $0.86 versus $0.72, beating analyst expectations for both.

Main Line Health is investing in nurse-founded patient care inventions via a new business arm

Main Line Health (PA) is working with partners to commercialize technology developed by its nurses, initially focusing on hospital room and facility safety devices, EHR add-on components, clinical tests, and medical devices.

Vocera Announces Third Quarter 2021 Financial Results

Vocera announces Q3 results: revenue up 18%, adjusted EPS $0.28 versus $0.26, beating expectations for both.

NextGen Healthcare Reports Fiscal 2022 Second Quarter Results

NextGen Healthcare reports Q2 results: revenue up 7%, adjusted EPS $0.29 versus $0.30, beating expectations for both.

Morning Headlines 10/29/21

October 28, 2021 Headlines No Comments

Northwell Health and Aegis Ventures to form first-of-its-kind artificial intelligence venture to drive better, more equitable, and lower-cost healthcare

Northwell Health and Aegis Ventures form a joint venture that will invest at least $100 million in seed-stage, AI-driven healthcare companies.

ShiftMed raises $45m led by Panoramic Ventures and Healthworx (CareFirst Holdings) to support growth of leading Digital Health Care Workforce Management Platform

Healthcare shift-filling app vendor ShiftMed raises $45 million in a venture funding round.

Hinge Health Announces $600 Million Investment Led by Coatue and Tiger Global

Digital musculoskeletal clinic Hinge Health’s $600 million Series E funding round brings its valuation to $6.2 billion.

Morning Headlines 10/28/21

October 28, 2021 Headlines No Comments

Patina Aims to Profoundly Improve the Healthcare and Aging Experience for People 65+ by Reinventing Primary Care; Announces $50 Million Series A Financing

Former Haven executive Jack Stoddard helps to launch senior-focused primary care startup Patina Health, which has accrued $57 million in funding.

Truepill Raises $142 Million Series D to Continue Transforming Consumer Healthcare

Truepill, a pharmacy fulfillment, diagnostics, and telemedicine company, raises $142 million in a Series D round that brings its total funding to $256 million.

A security bug in health app Docket exposed COVID-19 vaccine records

TechCrunch alerts developers of the COVID-19 vaccination passport app Docket of a security bug that allows users to access the personal information of other users.

Morning Headlines 10/27/21

October 26, 2021 Headlines No Comments

Clearlake Capital Backed NThrive to Acquire TransUnion’s Healthcare Business

RCM platform vendor NThrive and its financial backer Clearlake Capital Group will acquire TransUnion Healthcare, the data and analytics business of TransUnion, for $1.7 billion in cash.

Anomaly Raises $17 Million To Scale Precision Payments Platform Across Healthcare Industry

Anomaly, whose platform identifies payment and billing errors before they occur, raises $17 million in a Series A funding round.

Arine Raises $11M Series A to Scale Medication Optimization Platform

Medication management optimization software startup Arine raises $11 million in a Series A funding round led by 111° West Capital Partners and Katalyst Ventures.

Morning Headlines 10/26/21

October 25, 2021 Headlines No Comments

Amazon Brings Alexa to Senior Living Communities and Healthcare Systems with Alexa Smart Properties

Amazon launches Alexa Smart Properties for healthcare facilities, giving hospitals an easy way to deploy and manage Alexa devices across the enterprise.

Clinigence Holdings Announces The Acquisition Of ProCare Health

Population health management company Clinigence acquires managed services organization ProCare Health.

UK Plans $8 Billion Package to Boost Health Service Capacity

Britain’s finance ministry will allocate $2.9 billion for technology improvements across the NHS as part of an $8 billion spending package aimed at increasing capacity.

Morning Headlines 10/25/21

October 24, 2021 Headlines No Comments

23andMe to buy telehealth firm Lemonaid for $400 mln

Consumer DNA testing company 23andMe will acquire telemedicine and online pharmacy vendor Lemonaid for $400 million in cash and shares.

Cerner CEO acknowledges more layoffs are coming

Cerner President and CEO David Feinberg, MD, MBA confirms an anonymous employee’s Reddit comment that Cerner will lay off 150 workers in early November.

Oak Street Health Acquires Virtual Specialty Care Provider RubiconMD

Medicare primary care provider Oak Street Health acquires RubiconMD, which offers PCPs electronic patient consults with specialists.

Morning Headlines 10/22/21

October 21, 2021 Headlines No Comments

Association of Immediate Release of Test Results to Patients With Implications for Clinical Workflow

Vanderbilt University Medical Center finds that immediately releasing lab results to the patient portal, as required by the Cures Act, was associated with a doubling of the number of patient-to-clinician messages that were sent immediately afterward.

Chubb Can’t Sidestep Settlement For Canceled Trade Show

A federal court rules that the insurer for HIMSS20 has to cover the organization’s settlement with exhibitors of the cancelled conference.

Babylon, one of the world’s fastest-growing digital healthcare companies, to begin trading on the New York Stock Exchange under the ticker BBLN

Virtual care company Babylon combines with SPAC Alkuri Global Acquisition Corp. to begin trading on the NYSE.

Ann Arbor’s Workit Health raises $118M in Series C funding round

WorkitHealth, developer of a virtual care app for addiction treatment, raises $118 million in a Series C funding round.

Morning Headlines 10/21/21

October 20, 2021 Headlines No Comments

GoCheck Raises $10 Million in New Funding to Protect More Children from Vision Impairment and Blindness

Digital vision screening technology vendor GoCheck raises $10 million in a funding round led by Hatteras Venture Partners and Pisgah Fund.

Bardavon Health Innovations Secures $90 Million in Series C Funding to Advance True MSK Technology Platform Beyond Workers’ Compensation Care

Worker compensation technology company Bardavon Health Innovations raises $90 million in a Series C funding round.

Marathon Health Unveils First-of-its-Kind Virtual Primary Healthcare

Occupational healthcare company Marathon Health launches a virtual primary care service for employees that includes telemedicine, remote patient monitoring, and care navigation and coordination.

Morning Headlines 10/20/21

October 19, 2021 Headlines No Comments

General Catalyst and Jefferson Health Announce Innovation Partnership

General Catalyst and Jefferson Health form an innovation partnership in which the health system will use technologies from the venture capital firm’s Health Assurance Network of companies.

Insiteflow Raises $2.3M to Accelerate Electronic Healthcare Record (EHR) Workflow Interoperability

Insiteflow will use a $2.3 million investment to further develop integration software that enhances the interoperability between third-party apps and EHRs.

TripleBlind Lands $24 Million in Series A Funding Led by General Catalyst and Mayo Clinic, in an Oversubscribed Round

Privacy-enforcing data sharing platform vendor TripleBlind raises $24 million in a Series A funding round that includes the participation of Mayo Clinic.

Morning Headlines 10/19/21

October 18, 2021 Headlines No Comments

Grand Rounds Health and Doctor On Demand Rebrand as Included Health

Grand Rounds Health and Doctor on Demand rebrand as Included Health, the name of the healthcare navigation and care concierge vendor the newly merged companies acquired several months ago.

West Monroe eyes platform expansion after MSD deal

A strategic investment from MSD Partners will enable digital consulting firm West Monroe to expand in the US and abroad, beginning with the opening of a new London office next year.

CoverMyMeds, Beam vets found startup taking on chronic disease management

Redi.Health raises $1.3 million in seed funding to develop technologies and services for chronic disease management.

Morning Headlines 10/18/21

October 17, 2021 Headlines No Comments

Walmart Selects Transcarent To Provide Go-to-Market Solution for Self-Insured Employers

Transcarent will offer Walmart’s pharmacy services to its self-insured employer customers.

West Monroe announces strategic investment by MSD Partners

MSD Partners will make a strategic investment in digital consulting firm West Monroe.

Right on Cue: NBA finds high-tech option for virus testing

The NBA will allow its players to self-test for COVID-19 via Cue Health, which provides a smartphone-connected nasal swab reader to provide results in 20 minutes.

Morning Headlines 10/15/21

October 14, 2021 Headlines No Comments

Intelerad and Ambra Health Combine to Form the Global Industry Leader in Cloud PACS and Enterprise Imaging

Imaging management platform vendor Intelerad acquires competitor Ambra Health for a reported $250 million.

Medsphere Systems Corporation Acquires Systeem Medical

Medsphere acquires Plano, TX-based Systeem Medical, which offers managed IT services to medical practices.

Digital health veterans launch virtual primary care clinic for patients with chronic disease

Marley Medical announces the launch of its membership-based virtual primary care clinic for patients with chronic conditions alongside a $9 million seed funding round.

Morning Headlines 10/14/21

October 13, 2021 Headlines No Comments

Healthcare Triangle, Inc. Announces Pricing of $13.0 Million Initial Public Offering

Healthcare Triangle debuts on the Nasdaq in an IPO of $4 per share, with a goal of raising $13 million.

Lark Health Raises $100 Million Series D Funding Round Led by Deerfield Management

Mental health coaching app company Lark Health raises $100 million in a Series D funding round, which it will use to advance virtual care integrations with payers.

ScienceIO leaves stealth with millions to structure health data

Health data aggregation and curation startup ScienceIO raises $8 million in a seed funding round.

Morning Headlines 10/13/21

October 12, 2021 Headlines No Comments

Best Buy to acquire Current Health to help make home the center of health

Best Buy will acquire home monitoring platform vendor Current Health, which raised a $43 million Series B round earlier this year.

“We Must Eliminate the Noise,” Reflected Cerner’s New President and CEO

Cerner President and CEO David Feinberg, MD, MBA kicks off the virtual Cerner Health Conference with a call to “eliminate the noise in healthcare” by getting the right information to the right people at the right time.

HealthVerity awarded CDC contract for real-world healthcare data to advance COVID-19 response

CDC will use HealthVerity’s privacy-protected data exchange to develop a real-world dataset for projects related to COVID-19, viral hepatitis, and HIV.

Morning Headlines 10/12/21

October 11, 2021 Headlines No Comments

Brave Care, The Leader in Technology-Powered Pediatric Clinics, Raises $25M in Series B Investment led by Mednax, Inc.

Brave Care raises $25 million in a Series B funding round led by Mednax, bringing its total raised to nearly $50 million.

SSM Health and Optum Launch Innovative Collaboration to Make Quality Care More Accessible and Affordable

SSM Health will work with Optum to develop inpatient care management, digital transformation, and RCM solutions to improve patient experiences and outcomes.

SoftBank Bet Values Autism-Care Provider Elemy at $1.15 Billion

Pediatric behavioral healthcare company Elemy raises $219 million in a Series B funding round, bringing the startup’s total funding to $323 million.

Morning Headlines 10/11/21

October 10, 2021 Headlines No Comments

VA launching yearlong independent cost estimate of EHR modernization

The VA hires an independent body to conduct a review of its Cerner implementation and to provide an estimate of the project’s full cost.

Speculation of national Epic deal with NHS England

NHS England Director of Transformation Ian O’Neil’s comments about a recent meeting with Epic CEO Judy Faulkner start rumors circulating of a nationwide deal with the company.

Thinking Outside the Box: The USCDI+ Initiative

ONC expands its United States Core Data for Interoperability standards program to enable federal partners like CMS and CDC to establish and use interoperable, agency-specific datasets beyond those available through the initial USCDI program.

Morning Headlines 10/8/21

October 7, 2021 Headlines 3 Comments

Virgin Pulse to Acquire Welltok to Advance Health Activation Capabilities; Accelerate Expansion Across Health Systems, Health Plan and PBM Markets

Member engagement and wellness app vendor Virgin Pulse will acquire Welltok, which offers analytics-powered multi-channel healthcare communications.

Aspirion Health Resources Announces Combination with Advicare

Revenue cycle management vendor Aspirion Health Resources acquires Advicare, which resolves clinical denials.

Healthcare IT platform Healthcare Triangle slashes deal size by 55% ahead of $21 million IPO

California-based health IT vendor Healthcare Triangle revises its $40 million IPO plans down to $21 million.

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