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Morning Headlines 4/1/21

March 31, 2021 Headlines No Comments

CirrusMD Announces $20 Million in Series C Funding

Text-based telemedicine company CirrusMD raises $20 million in a Series C funding round led by Blue Venture Fund.

Q-Centrix Introduces the First Enterprise Clinical Data Management Platform

Clinical data management company Q-Centrix acquires Champs Oncology, a Cleveland-based software and services vendor focused on cancer registry programs.

Governor Lamont Announces Funding To Integrate Remaining Electronic Health Records With Prescription Drug Monitoring Program

Connecticut Governor Ned Lamont allocates $1.3 million in CMS funding to help providers connect their EHRs to the state PDMP via Appriss Health’s PMP Gateway interface.

Morning Headlines 3/31/21

March 30, 2021 Headlines No Comments

SteadyMD Raises $25 Million to Power Telehealth Infrastructure for Digital Health Companies and Employers in All 50 States

Telehealth provider SteadyMD raises $25 million in a Series B funding round, increasing its total to $35 million.

Optimum Healthcare IT Acquires TrustPoint Solutions

Optimum Healthcare IT acquires TrustPoint Solutions, which offers technology planning and implementation solutions.

VA secretary worried by productivity issues, rising costs of $16 billion EHR rollout

VA Secretary Denis McDonough is concerned about user productivity at its first live Cerner site, raising the issue that the project’s cost could exceed its $16 billion budget.

SOC Telemed Completes Acquisition of Access Physicians To Form Largest Acute Care Telemedicine Company in the US

Acute care telemedicine company SOC Telemed acquires competitor Access Physicians for $194 million.

Morning Headlines 3/30/21

March 29, 2021 Headlines No Comments

Crossover Health Secures $168 Million in Series D Financing to Fuel Expansion of National Primary Health Service

Crossover Health, a primary care company serving payers and employers like Amazon, raises $162 million in a Series D funding round, bringing its total raised to $281.5 million.

MTBC is Now CareCloud

Ambulatory health IT company MTBC rebrands to CareCloud, which it acquired in early 2020.

Net Health Acquires Casamba

Specialty-focused software and analytics vendor Net Health acquires Casamba, which has developed EHR software for therapy providers, and home health and hospice organizations.

PaceMate Closes Series A Financing to Accelerate Growth

Cardiac remote patient monitoring and data management company PaceMate secures $8 million in Series A financing from Ballast Point Ventures.

Morning Headlines 3/29/21

March 28, 2021 Headlines No Comments

DOJ Extends Review of UnitedHealth, Change Healthcare Deal

The Department of Justice requests additional information from Change Healthcare about its proposed $13 billion acquisition by UnitedHealth Group’s Optum.

Preveta Raises $2M To Coordinate Care For Early Disease Detection

Los Angeles-based Preveta, which has developed care coordination software for cancer patients, raises $2 million.

ESO Receives Strategic Investment from Vista Equity Partners to Accelerate Delivery on Mission to Improve Community Health and Safety Through Data

Vista Equity Partners invests in ESO, which helps EMS agencies, fire departments, and hospitals share health data more effectively.

Morning Headlines 3/26/21

March 25, 2021 Headlines No Comments

Amwell Announces Results for Fourth Quarter and Full Year 2020

Telehealth vendor Amwell reports Q4 results: revenue up 34% with a net loss of $50.6 million versus $22.7 million.

Everlywell Acquires PWNHealth and Home Access Health Corporation, Forming Everly Health

At-home lab test vendor Everlywell acquires testing company PWNHealth and self-collected lab test processor Home Access Health Corporation, valuing the company at a reported $3 billion.

Astria Health files complaint against former billing collection vendor

Astria Health (WA) blames Cerner for its bankruptcy and the closure of Astria Regional Medical center in bankruptcy court, contending that Cerner fraudulently misrepresented that Millennium would integrate seamlessly with its revenue cycle offerings.

Morning Headlines 3/25/21

March 24, 2021 Headlines No Comments

Clearsense Secures $30 Million in New Funding to Fuel Growth as a Cutting-Edge Data Platform Technology

Health Catalyst Capital invests $30 million in health data management and analytics vendor Clearsense.

New York Life Accelerates Underwriting Through Collaboration with Cerner

Cerner works with New York Life to facilitate medical record retrieval as part of the life insurance company’s application and underwriting processes.

Ginger Announces $100 Million Series E Financing from Blackstone to Bring Value-Based Mental Healthcare to Millions of Employees and Health Plan Members

Mental health app company Ginger raises $100 million in a Series E funding round, bringing its total raised to $220.7 million.

Morning Headlines 3/24/21

March 23, 2021 Headlines No Comments

DexCare Announces $20M in Oversubscribed Series A Funding, the Providence Spin Out Delivers First Operating System for Digital Care

Providence Digital Innovation Group alum DexCare raises $20 million in a Series A financing round.

AppliedVR Secures $29 Million in Series A Funding to Make Virtual Reality the Standard of Care for Chronic Pain

AppliedVR, which offers virtual reality-based chronic pain treatments, raises $29 million in a Series A funding round.

Komodo Health Secures $220M in Funding Led by Tiger Global

Health data and analytics company Komodo Health announces a $220 million Series E funding round after raising $44 million in January.

Morning Headlines 3/23/21

March 22, 2021 Headlines 1 Comment

Digital Health Startup Ro Raised $500 Million At $5 Billion Valuation

Ro, which now markets itself as a digital health clinic, raises $500 million in a Series D funding round that brings its total raised to $876 million.

Clearlake, Insight-backed Appriss snags PatientPing

Appriss, known in healthcare for its prescription drug monitoring program interface capabilities, acquires patient event notification vendor PatientPing in a $500 million deal.

Evidation Raises $153M to Scale Virtual Health Capabilities of Achievement™ Platform

Data aggregation and analytics company Evidation Health will use a Series E funding round of $153 million to offer more virtual health programs as part of its digital health research network.

Morning Headlines 3/22/21

March 21, 2021 Headlines No Comments

VA announces strategic review of Electronic Health Record Modernization program

VA Secretary Denis McDonough orders a 12-week strategic review of the VA’s Cerner EHR implementation that will include optimizing productivity and clinical workflow and looking into patient-facing functions.

Riva Health Launches, Raises $15.5M for Breakthrough Mobile Cardiology Technology

Riva Health will use a $15.5 million investment from Menlo Ventures to help launch its app for hypertension management this summer.

Omega Healthcare Acquires Himagine Solutions

RCM vendor Omega Healthcare acquires Himagine Solutions, which offers medical coding and registry services.

Morning Headlines 3/19/21

March 18, 2021 Headlines No Comments

Glen Tullman Joins Transcarent as Chief Executive Officer

The executive chairman of employer health insurance cost management software vendor Transcarent takes on the CEO role as well.

Epic opens COVID-19 vaccination appointments to all employees

Epic engages VaxPro to offer on-campus immunization after the state declares its employees to be essential.

Senate narrowly confirms Xavier Becerra as Health and Human Services secretary

The former California attorney general and 24-year Congressman is confirmed in a 50-49 vote.

Morning Headlines 3/18/21

March 17, 2021 Headlines 2 Comments

Amazon is expanding Amazon Care telehealth service nationally for its employees and other companies

Amazon plans to expand Amazon Care, its virtual and house call care service, to employees in all 50 states and other employers.

Clarify Health Announces $115m Series C Funding to Accelerate the Adoption of On-demand Healthcare Analytics

San Francisco-based analytics company Clarify Health raises $115 million, bringing its total funding to $178 million.

Unite Us Announces It Has Raised $150M to Scale Nationwide Social Care Infrastructure

Care and social services coordination software company Unite Us reaches unicorn status with a $150 million Series C funding round.

Viz.ai Raises $71 Million Series C Round Led by Scale Venture Partners and Insight Partners

Viz.ai, developer of AI-powered care coordination software for stroke patients, raises $71 million.

Harmonize Health Announces $10 Million Series A to Help Medical Groups Better Serve High Risk Patients

Harmonize Health, which offers remote patient monitoring, chronic care management, and outcomes tracking for elderly and high-risk patients, raises $10 million in a Series A funding round.

Morning Headlines 3/17/21

March 16, 2021 Headlines No Comments

Tegria Acquires Cumberland To Provide New and Enhanced Offerings for Healthcare Providers and Payers

Tegria, Providence’s recently formed rollup of its nine health IT acquisitions, acquires health IT consulting firm Cumberland.

Glooko Raises $30 Million Financing Round

Digital diabetes management company Glooko raises $30 million in a Series D funding round that brings its total raised to over $100 million.

Karuna acquired by Commure

Healthcare development platform vendor Commure acquires Karuna Health, a digital patient communication startup based in San Francisco.

Strive Health Raises $140 Million Led by Alphabet’s CapitalG to Tackle $410 Billion of Unmanaged Kidney Disease Spend

Strive Health, which focuses on kidney care optimization using analytics and care navigators, raises $140 million in a Series B funding round led by CapitalG.

Grand Rounds merges with Doctor On Demand to form multibillion-dollar digital health company

Employer-focused care navigation company Grand Rounds merges with Doctor on Demand.

Morning Headlines 3/16/21

March 15, 2021 Headlines No Comments

Meet Dr. B, the startup promising a better way to distribute leftover vaccines

ZocDoc founder Cyrus Massoumi launches Dr. B, a website that helps eligible people locate thawed COVID-19 vaccines in danger of going to waste.

Dagrosa Capital Partners LLC Invests in Telemedicine Company, Hoy Health LLC

DaGrosa Capital Partners invests in Hoy Health, a bilingual telemedicine, remote patient monitoring, and medication access company based in Morristown, NJ.

Well Health Provides Management Update and Makes Seed Investment in Fertility Start-up Venture

Canadian Well Health Technologies makes a seed investment in startup fertility clinic Twig Fertility, which plans to open a location in Toronto with digital health offerings

Morning Headlines 3/15/21

March 14, 2021 Headlines No Comments

Healthcare artificial intelligence company establishing headquarters in Loudoun

India-based healthcare AI vendor Zasti will open its US headquarters in Loudoun County, VA.

$2.8M Deal Ends Suit Over Pocketed Health Trade Show Fees

HIMSS pays $2.8 million to settle class action charges brought by HatchMed and other HIMSS20 exhibitors who complained that they received no refund when the conference was cancelled.

Crossover Health Announces Expansion of Amazon’s Neighborhood Health Centers and Virtual Care Services

Crossover Health expands its health centers and virtual care for Amazon employees and their dependents to five regions in Texas, Arizona, Kentucky, Michigan, and California.

Morning Headlines 3/12/21

March 12, 2021 Headlines No Comments

Brainlab Acquires Mint Medical to Advance Quality and Structure of Data Gathered in Clinical Routine and Research

Germany-based imaging workflow vendor Brainlab acquires Mint Medical, which provides a structured workflow for analyzing medical images.

100Plus Announces $25M Funding by Prominent Investors to Transform the Remote Patient Monitoring Market with its Rapidly Expanding Solution

AI-enhanced remote patient monitoring vendor 100Plus raises $25 million and has signed distribution agreements with AdvancedMD, DrChrono, and Athenahealth.

Forward Health Raises $225M to Expand Nationwide

Forward Health, which offers direct primary care at a flat fee of $149 per month in eight US cities, raises $225 million in a Series D funding round.

Tausight Closes $20 Million Series A Financing to Discover and Help Secure Protected Health Information (PHI)

Tausight, a Boston-based startup focused on securing PHI, raises $20 million in a Series A funding round.

WELL Health to Boost its Digital Health SaaS Revenue and to Expand EMR Business to International Markets with Proposed Acquisition of Intrahealth

Vancouver-based Well Health will acquire Intrahealth, a New Zealand EHR vendor, for $15 million.

Morning Headlines 3/11/21

March 10, 2021 Headlines No Comments

MRO Announces Acquisition of Cobius Healthcare Solutions

Release-of-information and clinical data workflow software vendor MRO acquires Cobius Healthcare Solutions, which offers reimbursement and compliance risk management technologies.

PatientPoint Combines with Outcome Health to Create PatientPoint Health Technologies

Digital pharma advertising and patient education company Outcome Health has merged with competitor PatientPoint to create PatientPoint Health Technologies.

Hack of ‘150,000 cameras’ investigated by camera firm

Hackers use a “super admin” account to tap into Verkada security cameras in hospitals, clinics, manufacturing plants, jails, and businesses.

Morning Headlines 3/10/21

March 9, 2021 Headlines No Comments

Cedar Closes $200M in Series D Funding to Continue Fueling Growth as a Leading Patient Financial Engagement Platform for the Healthcare Industry

Patient payment vendor Cedar raises $200 million in a Series D investment round led by Tiger Global Management, giving it a $3.2 billion valuation.

Rennova Terminates Discussions with TPT Global Tech, Inc.

Rural hospital operator Rennova Health cancels plans to sell its software and genetic testing interpretation divisions to InnovaQor, which would also include telehealth technology that Rennova had licensed from TPT Global Tech.

Health Recovery Solutions, Remote Patient Monitoring and Telehealth Leader, Completes Series C with LLR Partners

Remote patient monitoring and telemedicine vendor Health Recovery Solutions announces a Series C funding round led by LLR Partners.

Ibex Medical Analytics Raises $38 Million to Accelerate Adoption of AI-powered Cancer Diagnostics in Pathology

AI-powered cancer pathology diagnostics vendor Ibex Medical Analytics raises $38 million in a Series B funding round, increasing its total to $52 million.

Ambulnz (dba DocGo), a Leading Provider of Last-Mile TeleHealth and Integrated Medical Mobility Services, Announces Agreement to Become Publicly Traded via Merger with Motion Acquisition Corp.

Emergency medical services-focused telemedicine company DocGo will merge with Motion Acquisition Corp. to become a publicly traded company with a $1.1 billion valuation.

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