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Morning Headlines 6/25/21

June 24, 2021 Headlines No Comments

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

June 23, 2021 Headlines No Comments

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

June 23, 2021 Headlines No Comments

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

June 21, 2021 Headlines No Comments

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

June 20, 2021 Headlines No Comments

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

June 17, 2021 Headlines No Comments

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

June 16, 2021 Headlines No Comments

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

June 15, 2021 Headlines No Comments

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

June 14, 2021 Headlines No Comments

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

June 13, 2021 Headlines No Comments

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

June 10, 2021 Headlines No Comments

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

June 9, 2021 Headlines 1 Comment

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.

Morning Headlines 6/9/21

June 8, 2021 Headlines No Comments

LetsGetChecked Announces $150 Million Series D Fundraise to Grow Comprehensive Virtual Care Capabilities

At-home testing company LetsGetChecked raises $150 million in a Series D funding round, increasing its total to $260 million.

VA to Wrap Health Records Review ‘In a Few Weeks,’ Secretary Says

VA Secretary Denis McDonough says governance, transparency, and management issues will be top priorities for the department as the review of its Cerner roll out concludes.

New Mountain’s Ciox Nears Merger With Datavant

Bloomberg reports that health information management vendor Ciox is preparing to merge with Datavant, which uses AI to help its healthcare customers secure, match, and share health data.

Definitive Healthcare Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

Healthcare market intelligence vendor Definitive Healthcare, which acquired HIMSS Analytics in 2019, prepares to go public.

HHS to issue timeline for health care data sharing guidance in coming months

HHS will soon share the timeline for the release of the Trusted Exchange Framework and Common Agreement (TEFCA).

Morning Headlines 6/8/21

June 7, 2021 Headlines No Comments

One Medical Announces Agreement to Acquire Iora Health

Membership-based primary care company One Medical will acquire Iora Health, which offers similar services for seniors, for $2.1 billion.

Clinical AI Technology Leader Mendel Raises $18M in New Capital

Mendel will use an $18 million Series A funding round to further scale technology that uses AI to make sense of unstructured health data from health records and medical literature.

Craneware to Raise GBP140 Mln to Help Fund Sentry Acquisition

RCM vendor Craneware will acquire Sentry Data Systems, a hospital pharmacy procurement, revenue cycle, and compliance solutions business, for $400 million.

Morning Headlines 6/7/21

June 6, 2021 Headlines No Comments

SAIC to Acquire Federal Health IT Company Halfaker and Associates

SAIC will acquire government health IT contractor Halfaker and Associates for $250 million in cash.

UF Health still investigating ‘cybersecurity event’ related to Central Florida servers

UF Health Central Florida’s two hospitals go back to paper following a May 31 ransomware attack.

Carbon Health dives into digital diabetes care with virtual clinic acquisition

San Francisco-based primary and urgent care company Carbon Health marks its first foray into chronic condition management with the acquisition of digital diabetes clinic Steady Health.

Morning Headlines 6/4/21

June 3, 2021 Headlines No Comments

Ascension lays off 92 remote IT workers in Indiana

Ascension begins its layoff of 651 remote IT employees with 92 Ascension Technologies workers in Indiana, whose jobs will be moved to an offshore outsourcer.

UPMC Forms Realyze Intelligence to Drive Patient Care with AI

UPMC and its commercialization arm launch Realyze Intelligence, which mines structured and unstructured EHR data to identify patients who could benefit from interventions.

We at MedMatica and Santa Rosa, are incredibly proud to announce that we have joined CareCloud.

CareCloud acquires Santa Rosa Staffing, which was formerly part of Santa Rosa Consulting, from MedMatica Consulting Associates for $10 million in cash.

CentralReach Acquires Behaviorsoft, a Fast-Growing End-To-End EMR Platform Catering to the Needs of Small Applied Behavior Analysis Therapy Providers

Behavioral EHR vendor CentralReach acquires Behaviorsoft, which offers EHR/PM solutions for small applied behavior analysis therapy practices.

The Future of Our Workplace: Flexibility to Manage Work and Life at Cerner

Cerner will offer its employees a hybrid working environment in the fall, with individual teams choosing their own time frames for returning to in-office work.

Morning Headlines 6/3/21

June 2, 2021 Headlines No Comments

Ensemble Health Partners Acquires Digital Patient Communications Platform, Odeza, to Transform Patient Experience

RCM vendor Ensemble Health Partners acquires automated patient engagement software company Odeza.

Nation’s leading social care network Aunt Bertha raises $27MM to deepen social impact, expand products

Digital social services referral company Aunt Bertha raises $27 million in a funding round led by Warburg Pincus, bringing its total funding to $49 million.

Privia Health Reports First Quarter 2021 Financial Results

After going public in April, Privia Health reports a slight increase in Q1 revenue to $213.6 million.

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