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Morning Headlines 3/31/22

March 30, 2022 Headlines No Comments

The United States and Practice Fusion, Inc. Resolve Allegations of Violations of Practice Fusion’s Deferred Prosecution Agreement

EHR vendor Practice Fusion will pay a $200,000 fine to resolve allegations that it failed to adhere to the terms of its deferred prosecution agreement, initiated to resolve criminal charges for its role in soliciting and receiving kickbacks in return for embedding electronic prompts in its EHR to influence the prescribing of opioid medications.

Ransomware group claims responsibility for cyber-attack on metro healthcare organization

Oklahoma City Indian Clinic announces that it was the victim of a cyberattack earlier this month by the Suncrypt ransomware group, which claims to have stolen 350 gigabytes of data.

Brightside Health Raises $50 Million in Series B Funding to Accelerate Delivery of Life-changing Mental Health Care For All

Mental health-focused online medication and therapy startup Brightside Health raises $50 million in a Series B funding round.

Morning Headlines 3/30/22

March 29, 2022 Headlines No Comments

Novant Health launches new business division to accelerate clinical, operational and technological advances for the healthcare industry

Novant Health (NC) launches Novant Health Enterprises, an independent business focused on developing, acquiring, and scaling clinical, financial, and patient-oriented solutions.

With tech launches, Epic Systems looks to future of healthcare accessibility

Epic expands its 1,100 acre campus in Verona, WI with the opening of its 350-office Mystery building, the forthcoming opening of its Castaway building, and the addition of three more facilities within the next five years.

Life Sciences and Healthcare Leader ConcertAI Raises $150 Million Series C from Sixth Street at $1.9 Billion Valuation

Enterprise AI and real-world data software vendor ConcertAI raises $150 million in a Series C funding round, bringing its total raised to over $300 million.

Morning Headlines 3/29/22

March 28, 2022 Headlines No Comments

AmplifyMD snags $23m in F-Prime-led Series A

Specialty telehealth startup AmplifyMD raises $23 million in a Series A funding round.

Clearlake Capital-Backed nThrive Announces Name Change to FinThrive as Part of a Forthcoming Rebrand

Following its acquisition of TransUnion Healthcare late last year, RCM software vendor NThrive will change its name to FinThrive.

Change Healthcare said to announce buyer for ClaimsXten business as soon as next week

Change Healthcare will reportedly sell its claims payment and editing software business to Availity as potential acquirer UnitedHealth tries to work through DoJ antitrust concerns.

Private equity firms back Ensemble Health Partners in $5B+ deal

RCM software and services company Ensemble Health Partners secures funding from Berkshire Partners and Warburg Pincus that pushes its value to $5 billion.

Morning Headlines 3/28/22

March 27, 2022 Headlines No Comments

DOJ joins whistleblower case against EHR vendor Modernizing Medicine and co-founder

The US Department of Justice joins a whistleblower lawsuit brought against Modernizing Medicine (now ModMed) and its CEO that accuses ModMed of falsely attesting that its EHR met Meaningful Use criteria, which caused users to submit inaccurate reports to CMS in earning MU incentives.

Cloud21 receives major investment from US healthcare technology consultancy, Tegria, to deliver digital transformation at scale

Tegria makes an unspecified “major” investment in England-based digital health consulting firm Cloud21, whose customers include several NHS hospitals.

Chapel Hill startup focusing on healthcare analytics, raises $2.5M, to expand

Quinsite, a healthcare analytics startup that markets its software to radiology practices, raises $2.5 million in seed funding.

Morning Headlines 3/25/22

March 24, 2022 Headlines No Comments

VA officials ‘looking forward’ to launch of new medical record system in Walla Walla despite problems in Spokane

As the agency faces continued criticism for its initial Cerner roll-out in Washington, VA Deputy Secretary Donald Remy says the agency is ready to launch a new Cerner system at its medical center in Walla Walla, WA this weekend.

Osso VR nets $66 million for surgical training

Virtual reality-based surgical training and assessment company Osso VR raises $66 million in a Series C funding round, bringing its total raised to $109 million.

Kaiser Permanente runs $1.5bn PE secondary sale as it looks to expand strategy

Kaiser Permanente is reportedly selling its $1.5 billion stake in several private equity funds, which includes investments in Ginger.io, Ingenious Med, Nordic, Rock Health, and Validic.

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.

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