Morning Headlines 7/2/21

Olive hits a $4 billion valuation with $400 million of capital led by Vista Equity Partners

Process automation vendor Olive raises $400 million in a funding round that values the company at $4 billion.

Tendo Systems Secures $50 Million to Accelerate Digital Engagement Between Patients, Clinicians, and Caregivers

Tendo Systems raises $50 million in a Series B funding round, valuing the healthcare digital engagement platform vendor at $550 million less than a year after its founding.

Osmind Closes $15 Million Series A Round to Help Clinicians and Researchers Bring Innovative Mental Health Treatments to More Patients

Neuropsychiatry-focused EHR and research company Osmind raises $15 million in a Series A round led by Future Ventures.

Morning Headlines 7/1/21

Netsmart Expands Predictive Analytics Solution Offerings with Acquisition of SimpleLTC

Netsmart acquires post-acute care data analytics vendor SimpleLTC and professional services and consulting firm Selman-Holman, which it will combine with its McBee consulting division.

MDI Health announces $6 million seed round, launches personalized AI medication platform

Medication management startup MDI Health secures $6 million in seed funding and announces GA of its AI-powered prescription decision support software.

VA’s McDonough reaffirms commitment to Cerner records management platform

VA Secretary Denis McDonough says the department’s review of Cerner implementations has concluded and that a timeline for remaining implementations will likely be available in mid-July.

Sword Health closes on $85 million Series C for virtual MSK care

Digital physical therapy company Sword Health raises $85 million in a Series C round of funding led by General Catalyst.

Morning Headlines 6/30/21

Harris acquires US-based healthcare SaaS provider Ingenious Med

Harris acquires physician practice and hospital software vendor Ingenious Med.

Costs from ransomware attack against Ireland health system reach $600M

Ireland’s health service estimates it will cost $600 million to recover from a ransomware attack six weeks ago, from which it still hasn’t recovered.

VisualMED has closed its agreement with Rennova Health

Rural hospital operator Rennova Health sells its software and genetic testing interpretation divisions to VisualMed Clinical Solutions.

Morning Headlines 6/29/21

Combination of Verisys Corporation and Aperture Health Creates Market Leader in Healthcare Credentialing and Provider Data Management

Stone Point Capital acquires and combines Verisys and Aperture Health, creating a company focused on credentialing, enrollment, and provider data management.

XSOLIS Poised for Scale with $75 Million Growth Investment from Brighton Park Capital

Utilization management software and physician services company Xsolis secures a $75 million investment from Brighton Park Capital.

Hospital IQ Raises $25 Million to Meet Market Demand for its Software which Optimizes Health System Operations

Operational management software vendor Hospital IQ raises $25 million in a Series C funding round.

Morning Headlines 6/28/21

UF Health restores records system a month after ‘cybersecurity event’

UF Health (FL) restores its EHR at its Leesburg and The Villages campuses after nearly a month of ransomware-caused downtime.

Kindbody Announces Largest Fertility Raise in History with $62M Series C Funding

Kindbody, a provider of fertility services using proprietary technology, raises $62 million in a Series C funding round that brings its total raised to $122 million.

Hims & Hers Deepens Dermatology Investment, Acquires Apostrophe

Online health and wellness company Hims & Hers Health acquires Apostrophe, which offers tele-dermatology and online prescriptions.

Morning Headlines 6/25/21

Health Catalyst Announces Agreement to Acquire Twistle

Population health and analytics firm Health Catalyst will acquire patient engagement and clinical workflow company Twistle.

Social network Doximity valued at over $7 billion as shares jump in debut

Shares in Doximity, which set an IPO share price of $26 versus the expected range of $20 to 23, close at $53.00 on their first day of trading on the New York Stock Exchange.

Tegria Acquires KenSci to Help Healthcare Organizations Derive New Insights From Data

Providence-owned Tegria acquires healthcare AI vendor KenSci.

CitiusTech Acquires SDLC Partners, Extends Payer Market Leadership

CitiusTech acquires Pittsburgh-based payment technology consulting firm SDLC Partners.

Morning Headlines 6/24/21

These Under 30 Alums Raised $31 Million To Build A Shopify For Doctors And Dentists

San Francisco-based NexHealth raises $31 million in a Series B funding round, bringing its total raised to $46 million.

Bicycle Health Raises $27 Million Series A To Expand Treatment and Access For Opioid Use Disorder Nationwide

Bicycle Health, a virtual care company focused on opioid use disorder, raises $27 million in a Series A funding round led by Questa Capital.

DrChrono Raises $12M from ORIX Corporation USA’s Growth Capital to Expand Operations

DrChrono will use a new $12 million investment from Orix to build out its telemedicine capabilities and enhance its existing EHR and practice management solutions.

Morning Headlines 6/23/21

External Validation of a Widely Implemented Proprietary Sepsis Prediction Model in Hospitalized Patients

Michigan Medicine researchers find that Epic Sepsis Model performs poorly at predicting sepsis and overwhelms clinicians with false alarms.

Digital initiatives across NSW gain funding boost from 2021-22 Budget

Australia’s New South Wales government hopes to spur a COVID-19 economic recovery by funding its digital government platform, which will include the first phase of a NSW Health EHR replacement.

SSG Sub, LLC Is Now Savista

RCM services vendor Services Solutions Group, formerly the services division of NThrive, renames itself to Savista.

Morning Headlines 6/22/21

NextGen Healthcare Announces CEO Transition

NextGen Healthcare announces that President, CEO, and board member Rusty Frantz has agreed to a “mutual separation” and will step down from his executive roles immediately.

AWS announces AWS Healthcare Accelerator for startups in the public sector

Amazon announces the launch of its AWS Healthcare Accelerator, a 10-week program for startups focusing on cloud-based remote patient monitoring, voice technology, analytics, patient engagement, and virtual care solutions.

BEKHealth Secures $4 Million in Funding to Expand Availability and Adoption of its AI-Powered Clinical Research Software Platform

Connecticut-based BekHealth will use $4 million in new funding to further scale its AI-powered clinical research software.

Morning Headlines 6/21/21

Social network for doctors Doximity targets $4 bln valuation in U.S. IPO

Physician network operator Doximity files documents for an IPO that will value the company at $4 billion.

Letter urges closing Humber River’s ER until IT systems fixed after cyberattack, but hospital says it’s safe

ED doctors at Humber River Hospital in Toronto, Canada urge hospital leadership to close the ED until IT systems are restored from a June 13 ransomware attack.

Improvements Needed in Adding Non-VA Medical Records to Veterans’ Electronic Health Records

A VA OIG report finds that VA’s use of community care staff to scan patient records that are created by non-VA providers introduces errors due to a lack of standardized procedures, insufficient training, and lack of quality checks.

Morning Headlines 6/18/21

Zus Health Closes $34M Series A Led by Andreessen Horowitz (a16z); Participation from F-Prime Capital, Maverick Ventures and Others

Digital health developer platform vendor Zus Health, founded by former Athenahealth CEO Jonathan Bush, raises $34 million in a Series A funding round.

Google Health reportedly downsizing away from consumer focus

Google Health reportedly reduces headcount by at least 20% in a reorganization in which 170 employees have been moved to the Fitbit and Search product teams.

Form Health Secures $12M Series A For Obesity Telemedicine Platform

Boston-based Form Health will use a $12 million Series A funding round to expand its obesity-focused telemedicine service beyond the 16 states it currently serves.

Morning Headlines 6/17/21

Walmart Provides Digital COVID-19 Vaccine Record

Walmart offers pharmacy customers who receive the COVID-19 vaccine the ability to digitally store their vaccine records via their Walmart.com accounts using technology based on the Vaccination Credential Initiative’s Smart Health Cards standard.

HHS Releases Project US@ Draft Technical Specification Version 1.0 for Comment

ONC releases the Project US@ Draft Technical Specification Version 1.0 for public comment as part of its work to develop a healthcare standard for representing patient addresses.

Ksana Health Secures $2M Seed Round to Launch Advanced Mental Health Monitoring Platform

Behavioral health app startup Ksana Health raises $2 million in seed funding and joins Anthem’s digital incubator.

Stillwater Medical Center Reports Major Computer Outage, Officials Confirm

Stillwater Medical Center (OK) recovers from a computer outage that forced it to cancel appointments and briefly shut down its emergency room.

Morning Headlines 6/16/21

HST Pathways Announces Merger with Clariti Health for Enhanced Patient Price Transparency Resources as Part of its End-to-End Premium Technology Solution

Ambulatory surgery center software vendor HST Pathways acquires patient price transparency vendor Clariti Health.

Tiger Global-backed Bright Health aims for over $14 bln valuation in U.S. IPO

Bright Health, which sells Medicare Advantage insurance in 13 states with claims of technical capabilities, targets its IPO at a $14 billion valuation.

Protenus Raises Series D After Doubling Revenue While Reducing Risk for Health Systems

Healthcare compliance analytics company Protenus raises $21 million in a Series D funding round, bringing its total raised to $57 million.

Morning Headlines 6/15/21

Berenson Capital Acquires Interactive Digital Solutions

Private equity firm Berenson Capital acquires Interactive Digital Solutions, a video collaboration and telehealth software vendor known for its MedSitter patient-monitoring technology.

MRO Announces Acquisition of Clinical Data Interoperability Company FIGmd

Release-of-information vendor MRO acquires Figmd, a health data aggregation, analytics, and registry company based in Illinois.

Kipu Announces Strategic Investment from TCV – Appoints Paul Joiner as CEO and Rick Pharr as COO

Behavioral health EHR vendor Kipu names Paul Joiner (Availity) CEO and Rick Pharr (WebPT) COO alongside an unspecified investment from TCV.

Morning Headlines 6/14/21

Chief Operating Officer of Network Security Company Charged with Cyberattack on Medical Center

A federal court indicts the COO of Atlanta-area Internet of Things security vendor Securolytics, claiming that he launched a 2018 cyberattack against Gwinnett Medical Center (now Northside Hospital Gwinnett) for personal financial gain.

Joint DOD-VA Medical Center Will Be Major Test for Electronic Health Record Interoperability

Captain James A. Lovell Federal Health Care Center (IL), a joint facility used by both the VA and DoD, will be the first test of interoperability between their respective Cerner implementations.

Mount Sinai Health System Launches Elementa Labs, A Virtual Incubator Program

Mount Sinai Innovation Partners has launched a virtual incubator program to help health IT and biotechnology startups develop their products leveraging Mount Sinai Health System’s resources and expertise.

Morning Headlines 6/11/21

Iodine Software Acquires ChartWise Medical Systems

Healthcare AI vendor Iodine Software acquires clinical data improvement software and services company ChartWise Medical Systems.

Cerner to Eliminate Abut 500 Jobs From Its Global Workforce

Cerner will eliminate 500 positions, though it still plans to hire 2,600 people by the end of the year.

TCS Healthcare Announces Acquisition of DataSmart Solutions

Population health management software vendor TCS Healthcare Technologies acquires DataSmart Solutions, which sells predictive risk analytics software.

Transcarent Raises $58 Million in Series B Funding to Accelerate Consumer-Directed Health and Care Experience for Self-Insured Employers

Transcarent raises $58 million in a Series B funding round, increasing its total to $98 million.

Morning Headlines 6/10/21

Datavant and Ciox Health Announce Merger, Creating the Largest Neutral and Secure Health Data Ecosystem

Ciox Health announces its intent to merge with Datavant in a deal valued at $7 billion.

Monogram Health Closes $160M Series B Funding to Fuel Acceleration of Next Generation Kidney Care Model

Kidney care company Monogram Health raises $160 million in a Series B funding round led by TPG Capital.

Nuvolo Secures Additional Funding for Series C From Mayo Clinic

Workplace management software vendor Nuvolo wraps up a $32 million Series C funding round with an additional investment from Mayo Clinic.