Morning Headlines 8/23/21

Leaked Memo: Google is dismantling its embattled health division as the tech giant reconsiders its strategy for healthcare

Google Health will reportedly shut down after three years and will reassign its 570 employees across Google.

Inovalon to Be Acquired by Equity Consortium Led by Nordic Capital Including Insight Partners for $7.3 Billion

Private equity investor Nordic Capital will acquire health data analytics vendor Inovalon for $7.3 billion.

NDHM will empower Indians by generating a unique health ID for every patient, says Dr. Sangita Reddy

Apollo Hospital Group has logged 10 million subscribers to its online health service after the Indian government’s implementation of a national patient ID and a digital voucher system for patient payments.

Morning Headlines 8/20/21

Cerner Announces Appointment of David Feinberg, M.D. as President and Chief Executive Officer

Cerner hires David Feinberg, MD, MBA (Google Health) as president and CEO, effective October 1, 2021.

Verily to Acquire SignalPath, Expanding Company’s Clinical Research Capabilities

Verily acquires Raleigh, NC-based SignalPath, which offers a clinical trials management system.

CDC Stands Up New Disease Forecasting Center

CDC announces creation of the Center for Forecasting and Outbreak Analytics, which will analyze and communicate data for public health decision-making to mitigate threats such as social and economic disruption.

Morning Headlines 8/19/21

Commure + PatientKeeper: Fixing Fragmentation to Accelerate Innovation Across Healthcare

HCA Healthcare sells EHR optimization vendor PatientKeeper to cloud infrastructure company Commure.

QGenda Acquires CredentialGenie, Becoming First Company to Bring Provider Scheduling and Credentialing Together

Healthcare workforce management software vendor QGenda acquires CredentialGenie, which offers cloud-based provider credentialing.

EqualizeRCM Acquires A Cord Billing & Business Solutions, LLC

Texas-based EqualizeRCM acquires A Cord Billing & Business Services, which offers RCM solutions to physician practices in Oklahoma.

Morning Headlines 8/18/21

ClosedLoop.ai Raises $34M Series B to Usher in AI-enabled Healthcare and Tackle Trillion-Dollar Healthcare Problem

ClosedLoop.ai, which has developed AI-powered predictive data modeling software, raises $34 million in a Series B funding round.

Unite Us acquires analytics leader Carrot Health to become the only nationwide solution to truly integrate health and social care

Care coordination and social services referral company Unite Us acquires analytics vendor Carrot Health.

Maven Clinic Raises $110 Million In Series D Funding Ushering In The Digital Era For Women’s And Family Health

Tech-enabled women’s and family healthcare company Maven Clinic raises $110 million in a Series D funding round led by Dragoneer Investment Group and Lux Capital.

Morning Headlines 8/17/21

Kareo Acquires PatientlySpeaking to Add RPA-Powered Capabilities for Billing Companies and Medical Practices

Ambulatory health IT vendor Kareo acquires PatientlySpeaking, which offers automated billing solutions to physician practices and billing companies.

The Network for Regional Healthcare Improvement and Strategic Health Information Exchange Collaborative Announce Affiliation; New Organization to be named Civitas Networks for Health

The Network for Regional Healthcare Improvement and the Strategic Health Information Exchange Collaborative will merge to form a new HIE organization called Civitas Networks for Health.

Streamline Health Expands SaaS Portfolio Through Acquisition of Avelead

Streamline Health Solutions acquires RCM software and consulting firm Avelead for $20 million.

Morning Headlines 8/16/21

Talkdesk Valuation Triples to More Than $10 Billion, Appoints First Chief Financial Officer

Customer experience software vendor Talkdesk completes a Series D funding round that values the company at $10 billion.

Labcorp Extends Leadership in Women’s Health With Acquisition of Ovia Health

Labcorp acquires Ovia Health, which offers health plans, employers, and individuals services that include women’s health coaching and apps for fertility, pregnancy, and baby development tracking.

SOC Telemed Reports Second Quarter 2021 Financial and Operating Results

Acute care telemedicine vendor SOC Telemed reports Q2 results: revenue up 84%, EPS –$0.16 versus –$0.30.

Memorial Health System Experiences Cyber Attack

Memorial Health System puts its emergency departments in Ohio on diversion and cancels surgeries and radiology exams following a cyberattack early Sunday morning.

Morning Headlines 8/13/21

PracticeSuite Announces Entrance into Consumer Health Information Market with Acquisition of HelloHealth

Ambulatory health IT vendor PracticeSuite acquires competitor Hello Health for an undisclosed sum.

Another big company hit by a ransomware attack

Accenture, which sells cybersecurity services, is hit by a ransomware attack in which hackers have threatened to publicly release company data.

US Indian Health Service to replace health information system

The Indian Health Service issues an RFI to vendors interested in being considered for its 10-year Health IT Modernization program contract.

Morning Headlines 8/12/21

Elektra Health funnels new $3.75M round into helping women navigate menopause

Elektra Health raises $3.75 million in seed funding to further develop its telemedicine and support service for menopausal women.

CVS Health launches first nationwide virtual primary care solution

CVS Health launches its Aetna Virtual Primary Care program for self-funded employers in partnership with Teladoc Health.

Sharecare enters home health market with acquisition of CareLinx, augments comprehensive platform with network of over 450,000 tech-enabled caregivers

Digital health and wellness company Sharecare acquires CareLinx, a tech-enabled, home-based care business, for $65 million.

Medstreaming and M2S Announce New Brand Fivos Health

Clinical workflow company Medstreaming and its M2S subsidiary, which specializes in clinical data registries and data services, merge their solutions under the Fivos Health brand.

Clearlake, Insight Sell Appriss Unit For $1.8 Billion

Clearlake Capital and Insight Partners sell Appriss Insights to Equifax for $1.8 billion, retaining parent company Appriss and its Appriss Health business unit.

Morning Headlines 8/11/21

AI For Population Health And Medical Imaging Gets A Boost With $230 Million Acquisitions

Nanox, an Israeli medical imaging systems vendor, acquires Zebra Medical Vision for $200 million, and USARAD and its Medical Diagnostics Web business for $30 million.

Olive enters the clearinghouse business and eliminates traditional transaction fees to align incentives with customers

Olive acquires RCM vendor Healthcare IP, adding clearinghouse and claims management to its healthcare automation services.

Doximity shares jump after digital health company says revenue doubled in first report since IPO

Doximity saw its shares jump by as much as 10% after the networking and telehealth company released its first earnings report, touting Q1 revenue of $72.7 million versus an anticipated $63.6 million.

Morning Headlines 8/10/21

Premier Inc. Brands Technology and Services Platform “PINC AI™”

Premier groups its Performance Services business and benchmarking, analytics, reporting, and clinical technologies under the new PINC AI brand.

Founders of Heal Raise $3.8 Million for New Health Tech Start-Up: HeyRenee

Heal’s co-founders raise $3.8 million to launch HeyRenee, a digital healthcare platform designed to better coordinate care for the underserved, elderly, and those with chronic conditions.

HHS’ ‘Frequent and Significant Changes’ to COVID Data Reporting Left Hospitals Behind

A Government Accountability Office report points out that HHS hampered its collection of hospital capacity data during the initial phases of the pandemic by frequently changing reporting methods without consulting stakeholders.

Cricket Health Secures $83.5 Million Series B Funding Round Supported by Industry-Leading Clinical Outcomes

Tech-enabled kidney care company Cricket Health raises $83.5 million in a Series B funding round led by Valtruis, bringing its total raised to more than $120 million.

ASGN Incorporated Announces Acquisition of Enterprise Resource Performance, Inc.

Technology and professional services company ASGN acquires Enterprise Resource Performance, a health IT consulting firm that caters to organizations within the federal government.

Morning Headlines 8/9/21

Allscripts Announces Second Quarter 2021 Results

Allscripts announces Q2 results: revenue up 1%, EPS $0.15 versus –$0.05; adding in its earnings call that quarterly revenue in the core clinical and financial segment was flat, while the Veradigm analytics business delivered double-digit gains that it expects to continue.

Introducing Cadence, A New Health Tech Company Redefining Remote Care for the Nation’s Largest Health Systems

Remote patient monitoring vendor Cadence launches with $41 million in funding and a deal to deliver remote care to 100,000 chronic patients of LifePoint Health.

Verifiable secures $17M for its API that manages healthcare provider information

Verifiable, which offers a provider credentialing, network enrollment, and onboarding platform that is accessible via APIs, raises $17 million in a Series A funding round.

Morning Headlines 8/6/21

Mercury Healthcare Launches as the New Brand for Healthgrades Enterprise Software, Technology and Data Analytics Company, Formerly Known as Healthgrades

Healthgrades splits its business, creating a software company that will be called Mercury Healthcare and selling its Healthgrades.com doctor marketplace media business to RV Health.

Relatient Merges with Radix Health to Extend its Lead in Patient Engagement & Access; Announces $100M+ Growth Investment

Patient engagement vendor Relatient announces a $100 million investment and plans to merge with Radix Health, which offers patient-provider matching, schedule optimization, referral automation, and patient self-service tools.

Real Time Medical Systems Secures $20 Million In Series C Funding

Real Time Medical Systems, which offers a collaboration platform to connect hospitals to post-acute care partners, raises $20 million in a Series C funding round.

Morning Headlines 8/5/21

Clarify Health Acquires Apervita’s Value Optimization Business, Creating One Unified Value Platform for Health Plans

Analytics vendor Clarify Health acquires Apervita’s value optimization business, which offers providers and payers cost, quality, and outcomes performance analytics combined with financial insights.

EvidenceCare Acquires Physician-focused Cost Transparency Platform Healthcare Value Analytics

Clinical decision support company EvidenceCare acquires Healthcare Value Analytics, which offers physicians real-time cost-of-care benchmarking data.

Evolent Health Announces Agreement to Acquire Vital Decisions, Expanding its Depth and Breadth in Specialty Care Management

Evolent Health will acquire advance care planning company Vital Decisions for $85 million and fold it into its clinical solutions segment.

Morning Headlines 8/4/21

Delivering the Right Care, at the Right Time and Place: Renown Health Opens “Care Traffic Control Center”

Renown Health opens a Transfer and Operations Center to better coordinate care, including remote monitoring for tele-ICU and home-based programs, across 27 counties in California and Nevada.

CPSI Announces Second Quarter 2021 Results

CPSI announces Q2 results: revenue up 15%, EPS $0.42 versus $0.12, with a share uptick leading to a company valuation of $464 million.

DoJ considering lawsuit to block UnitedHealth bid for Change Healthcare

The DoJ considers filing a lawsuit that would block UnitedHealth’s attempt to acquire Change Healthcare for nearly $8 billion.

CORHIO and Health Current Introduce New Regional Organization – Contexture

CORHIO and Health Current merge to form Contexture, an umbrella organization that will oversee the respective HIEs’ work in Colorado and Arizona.

Morning Headlines 8/3/21

ChrysCapital-backed GeBBS Healthcare Acquires Aviacode

RCM vendor Gebbs Healthcare Solutions acquires Aviacode, which offers medical coding and compliance services.

Juno Medical Raises $5.4M in Seed Financing to Reimagine Primary Care for the 99%

New York City-based Juno Medical will use $5.4 million in seed financing to expand its clinic footprint, virtual care services, and price transparency capabilities.

Vestrum Health Joins CorEvitas

Registry data and analytics company CorEvitas acquires Vestrum Health, which offers data culled from retina care-focused EHRs for research, analytics, and commercialization.

Morning Headlines 8/2/21

Cerner Reports Second Quarter 2021 Results

Cerner announces Q2 results: revenue up 10%, adjusted EPS $0.80 versus $0.63, exceeding analyst expectations for both.

Exo Raises $220M in Series C Funding

Handheld ultrasound and medical imaging vendor Exo raises $220 million in Series C funding.

Epic to require COVID-19 vaccinations for all US-based staff

Epic will require all of its US-based employees to be fully vaccinated by October 1, with nearly 97% of its Verona-based staff already meeting that requirement.

Morning Headlines 7/30/21

Hughes & Company Raises $116 Million For First Private Equity Fund

Private equity firm Hughes & Company closes its first fund at $116 million, which will make investments of $5 million to $20 million in lower middle market healthcare software and technology enabled companies.

Opportunity Trifecta: ISA, SVAP and Draft USCDI Version 3 Feedback Period Now Open

ONC opens the synchronized feedback period for the Interoperability Standards Advisory, the Standards Version Advancement Process, and the draft United States Core Data for Interoperability Version 3.

WellSky® to Acquire Healthify to Enhance Social Services Care Coordination Across the Continuum

WellSky, a healthcare software, analytics, and services company, will acquire social services referral software vendor Healthify.