Morning Headlines 3/16/21

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

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

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

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

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.

Morning Headlines 3/9/21

Former Practice Fusion Sales Executive Pleads Guilty To Obstructing Government Investigations Into Purdue Pharma And Practice Fusion

Former Practice Fusion Director of National Accounts Steven Mack pleads guilty to attempting to obstruct a federal investigation into the relationship between Practice Fusion and Purdue Pharma after admitting he deleted relevant computer files.

Heal Appoints Veteran Operational Leader Scott Vertrees as Chief Executive Officer

Investor Scott Vertrees joins Heal as CEO, replacing co-founder Nick Desai, who remains a shareholder.

HIE Networks Relaunches as Centralis Health

Tallahassee, FL-based health data exchange vendor HIE Networks rebrands to Centralis Health.

Morning Headlines 3/8/21

Harris acquires US-based healthcare software provider Bizmatics Inc.

Harris acquires Bizmatics, which offers the PrognoCIS EHR/PM.

Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal

Canadian telecommunications company Telus will acquire Babylon Health’s Canadian operations, and license virtual care technology used in the Babylon by Telus Health app since 2019.

TytoCare Extends Series D Funding with Additional $50M for a Total of $100M Raised in 10 Months

Telemedicine and related device vendor TytoCare doubles its Series D round of funding, first announced last April, to $100 million.

Morning Headlines 3/5/21

Leading Health Innovators Launch Alliance To Advance Care In The Home

Several health systems and home-based care companies form Moving Health Home, a coalition that will try to convince the federal government to permanently pay for telehealth, remote patient monitoring, virtual disease prevention and management, caregiver support, and medical record sharing as an alternative to in-hospital care.

Startup co-founded by Duke health execs aims to help people with multiple chronic health conditions

New Duke University personalized chronic care spinout ZealCare will launch later this month, co-founded by former Duke University Health System CEO Ralph Snyderman, MD and personalized healthcare research fellow Connor Drake, PhD.

Dräger Partners with Johns Hopkins Applied Physics Laboratory on Medical Device Interoperability Initiative

Medical and safety technology vendor Dräger will work with several healthcare organizations to develop medical device interoperability standards in a US Army-funded project that will use IEEE’s service-oriented device connectivity (SDC) standard.

Morning Headlines 3/4/21

Amazon Care’s health provider has quietly filed paperwork to operate in 17 more states

Care Medical, which powers the Amazon Care virtual and house-call clinic offered to Amazon employees in Seattle, has filed paperwork to operate in 17 additional states.

One Medical’s Coronavirus Vaccine Practices Spark Congressional Investigation

The House Select Subcommittee on the Coronavirus Crisis launches an investigation into One Medical’s COVID-19 vaccination practices after NPR uncovers that it provided vaccines to ineligible patients, including some with ties to company leadership.

Post-Cyberattack, Universal Health Services Faces $67M in Losses

Universal Health Services estimates September’s cyberattack has caused $67 million in losses, according to its latest earnings report.

DispatchHealth Raises $200 Million in Series D Financing to Build Largest System of In-Home Medical Care

App-based house call company DispatchHealth raises $200 million in a Series D round of funding that brings its total raised to $417 million.

Morning Headlines 3/3/21

Health Gorilla raises $15 million to build secure APIs for medical records

Healthcare API developer Health Gorilla raises $15 million in a Series B round of funding it plans to use for market expansion and product development.

Why drug prescriptions should include diagnoses

HHS OIG Principal Deputy Inspector General Christi Grimm, MPA and HHS OIG Chief Medical Officer Julie Taitsman, MD, JD say that prescriptions should be required to include the condition for which the drug is being prescribed.

Hill-Rom accused of wrongfully pulling plug on $375 million deal

Hill-Rom cancels its plan to acquire ambulatory ECG monitoring vendor Bardy Diagnostics for $375 million, citing potentially unexpected reductions in Medicare reimbursements for patient-monitoring devices.

Preventative Wellness Startup Reperio Health Nets $6 Million in Seed Funding to Expand Proactive Health Monitoring

Reperio Health raises $6 million in seed funding to advance the rollout of its kits for employer-provided, at-home wellness screenings.

Morning Headlines 3/2/21

MTBC Announces Name Change to CareCloud, Inc., Doubles Down on Innovation & Growth

Ambulatory health IT vendor MTBC will change its name to CareCloud, which it acquired in January of last year.

Top Health Industry Leaders Launch Historic Coalition to Modernize California’s Health Information Systems

Fourteen healthcare organizations come together to form Connecting for Better Health, a California-based coalition in support of state efforts to create a unified HIE.

Babylon Expands its US-Based C-Suite Team to Lead Ambitious Growth Plans

UK-based virtual care company Babylon Health names Steve Davis (Expedia) CTO, Stacy Saal (Amazon) COO, and Paul-Henri Ferrand (Brex) chief business officer.

Morning Headlines 3/1/21

As Demand for Virtual Health Care Surges, Evernorth Announces Acquisition of Long-Term Partner, MDLive

Cigna’s Evernorth health services business will acquire telehealth vendor MDLive.

Marani Health (Formerly Odonata Health) Raises $3.7M; Appoints Health Care Veteran Jodi Hubler to the Board

Mayo Clinic-backed maternal and fetal remote patient monitoring company Marani Health raises $3.7 million.

Health Catalyst Reports Fourth Quarter and Year End 2020 Results

Health Catalyst reports Q4 results: revenue up 22%, EPS –$0.16 versus -$0.21, beating estimates for both.

Digital healthcare SPAC Blueprint Health Merger files for a $200 million IPO

Led by former Thomson Reuters and Virgin Pulse CEOs, Blueprint Health Merger’s SEC filings indicate it plans to raise $200 million in an IPO.

Morning Headlines 2/26/21

Allscripts Announces Fourth Quarter 2020 Results and Outlook For 2021

Allscripts reports Q4 results: revenue down 7%, adjusted EPS $0.29 versus $0.17, beating earnings estimates but falling short on revenue.

Healthcare Bluebook Now Owns Largest Healthcare Quality-Cost Database in the U.S.

Healthcare Bluebook acquires the quality division of Quantros.

USDA Invests $42 Million in Distance Learning and Telemedicine Infrastructure to Improve Education and Health Outcomes

The USDA will invest $42 million in 86 projects through its Distance Learning and Telemedicine program to help rural residents gain better access to healthcare and education.

Medisafe Secures $30M in Series C Funding to Build Future Model of Patient Support

Digital prescription support vendor Medisafe raises $30 million in a Series C funding round, increasing its total to $52 million.

Teladoc Health Reports Fourth-Quarter and Full-Year 2020 Results

Teladoc Health reports Q4 results: revenue up 151%, EPS –$3.07 versus –$0.26, beating revenue expectations but falling short on earnings that were affected by acquisition and share payout costs from its $18.5 billion acquisition of Livongo in October 2020.

Morning Headlines 2/25/21

High-End Medical Provider Let Ineligible People Skip COVID-19 Vaccine Line

One Medical comes under fire after leaked internal documents show that the membership-based primary care company has let ineligible patients – some with ties to company leadership – receive COVID-19 vaccinations before other, higher-risk groups.

Redox Market Momentum Leads to $45M in Series D Raise Led by Adams Street Partners

Healthcare API developer Redox raises $45 million in a Series D round that brings its total funding to $95 million.

Ontario Systems Continues Growth

Revenue recovery software vendor Ontario Systems acquires Pairity, which offers AI-based solutions for accounts receivable management.

Innovaccer Raises Series D at $1.3 Billion Valuation, Launches Innovaccer Health Cloud to Power the Future of Health

Innovaccer confirms a rumored funding round led by Tiger Global Management, bringing its total raised to $225 million.

Morning Headlines 2/24/21

Our Care Studio pilot is expanding to more clinicians

Google Health expands the pilot of its EHR search and data presentation tool, which it has named Care Studio.

Enforcement Discretion Regarding Online or Web-Based Scheduling Applications for the Scheduling of Individual Appointments for COVID-19 Vaccination during the COVID-19 Nationwide Public Health Emergency

The HHS Office for Civil Rights won’t penalize certain potential HIPAA violators for their use of COVID-19 vaccine scheduling tools during the nationwide public health emergency.

DirectTrust Announces Implementation Guide for Event Notifications via the Direct Standard

DirectTrust publishes an implementation guide for sending ADT event notifications via the Direct Standard.

Morning Headlines 2/23/21

Alphabet-backed Oscar Health eyes as much as $6.7 billion IPO valuation

Tech-enabled insurance startup Oscar Health hopes to raise over $1 billion through its IPO early next month.

St. Margaret’s Health – Spring Valley breached by cyber security attack

St. Margaret’s Health-Spring Valley (IL) reverts to paper-based processes after its IT team discovered a data breach over the weekend and shut down all of its Web-based systems.

Conversion Labs Begins Trading Under New Company Name, LifeMD, and Ticker Symbol, LFMD

Conversion Labs rebrands to LifeMD to reflect its transition to direct-to-consumer telemedicine and online prescription delivery.

Morning Headlines 2/22/21

Des Moines University telehealth center could create hundreds of jobs

Des Moines University, in partnership with a local health system, will develop a $4 million telehealth training center that will create 678 jobs.

Spok Reports 2020 Fourth Quarter and Full Year Operating Results

Spok reports Q4 results: revenue down 5%, EPS $-$2.44 versus -$0.50.

New Columbus, Ohio Insurtech Company, Circulo, Raises $50M to Disrupt Medicaid

Columbus-based Medicaid Managed Care insurer Circulo raises $50 million in funding and announces that it will use software from Olive and share its CEO Sean Lane.