Health IT Business News - February 17, 2022

Trending News

Caravan Health Spurs Rapid Growth, Welcomes 25 New Health Care Systems and Four Existing ACOs into its Collaborative ACO Model
Caravan Health (@caravanhealth), a provider of accountable care, is expanding its footprint in the Medicare Shared Savings Program by adding 25 new health systems and four existing ACOs into its high-performing collaborative ACO model.

Signify Health scoops up Caravan Health for $250M to form largest network of at-risk providers
Signify Health, Inc. (@signifyhealth), a value-based healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks, announced it has signed an agreement to acquire Caravan Health, a company enabling accountable care organizations (ACOs) to excel in population health management and value-based payment programs, for an initial purchase price of approximately $250 million in a combination of cash and Signify Health common stock.

CareCloud Announces Redemption of $20 Million of its Series A Preferred Stock
CareCloud, Inc. (@CareCloud), a company offering healthcare technology solutions for medical practices and health systems nationwide, announced that it is redeeming 800,000 shares of its 11% Series A Cumulative Redeemable Perpetual Preferred Stock, representing approximately 15% of the approximately 5,300,000 issued and outstanding shares of Series A Preferred Stock with a total liquidation preference of $20,000,000.

Financial News

Equality Health Expands Texas Presence into Multiple New Markets to Improve Care for Vulnerable Populations
Equality Health (@equalityhealth), a provider of value-based physician networks uniquely equipped to address the needs of diverse and historically underserved populations, announced a major expansion of its presence in Texas.

Kyruus Announces Record-Breaking Customer Growth in 2021, Welcoming HealthSparq and Connecting Millions of People with Care
Kyruus (@kyruus), a company in provider search and scheduling solutions for healthcare organizations, announced results from an unprecedented year in which it significantly expanded its customer base and market reach into the payer space. Completing the acquisition of HealthSparq, the combined organization grew its annual revenue by more than 150 percent.

symplr Completes Acquisition of Midas Health Analytics Solutions from Conduent
symplr® (@symplr), a company in enterprise healthcare operations including governance, risk management, and compliance SaaS solutions, backed by Clearlake Capital Group, L.P. and Charlesbank Capital Partners, announced that it has completed its acquisition of Midas Health Analytics Solutions from Conduent Incorporated.

ModMed® Acquires Maker of the Klara® Practice & Patient Collaboration Platform
ModMed (@modmed) has acquired Klara, a company in patient communication and collaboration whose platform empowers patients to take more control of their healthcare experience and practices to increase efficiency.

Health Tech VC firm Nina Capital Closes Oversubscribed Second Fund and Announces its First Four Investments
Nina Capital (@NinaCapital) , an emerging specialist venture capital firm, announced its second fund, started last fall, eclipsed its target size of EUR40 million in just four months. The fund will be used to continue executing the firm’s strategy of investing exclusively in pre-seed to Series A healthcare technology companies based in Europe, the U.S. and Israel.

Tesis Biosciences Acquires Genome Explorations to Accelerate Clinical Research and Product Development for Chronic Disease Cures
Tesis Biosciences (@TesisBioscience), a company in targeted genetic sequencing, has acquired Genome Explorations, a premier research institution providing global genomic profiling and molecular diagnostics services.

Product News

SkyPoint Cloud Launches SkyPoint Profile, Customer 360 Solution
SkyPoint Cloud (@skypointcloud), the privacy-first customer data and artificial intelligence (AI) platform that enables consumer, financial services and healthcare brands to build deeper relationships with their customers and patients, announced the launch of SkyPoint Profile. SkyPoint Profile is a customer 360 solution that uses AI to create unique, unified customer profiles from multiple data silos, allowing companies to understand a customer’s full journey for better engagement and outcomes.

Hint Health Creates Nationwide Network Connecting Employers, Providers, and Patients to Direct Primary Care
Hint Health (@HintHealth), a provider of membership management, billing, and employer direct contracting infrastructure for direct primary care (DPC) and membership-based providers, is launching a nationwide network to foster meaningful relationships and better healthcare. Hint Connect will provide a single point of access to hundreds of community-based providers, unlocking DPC for employers and third party administrators (TPAs) as they search for better primary care options.

Biofourmis Expands into Virtual Specialty Care with the Launch of Biofourmis Care
Biofourmis (@biofourmis), a Boston-based company in virtual care and digital therapeutics, announced the launch of Biofourmis Care, a first of its kind, technology-enabled care management service that delivers high-quality remote care for patients with chronic conditions.

iPrescribe Passes Major Milestone With 6 Million Digital Prescriptions in 2021
Healthcare technology pioneer DrFirst (@DrFirst) announced that the number of prescriptions written using its award-winning iPrescribe mobile app doubled for the second year in a row.

Availity Expands Access to Payers for Electronic Transactions with Availity Essentials Plus
Availity (@availity), a national real-time health information network, announced the launch of Availity Essentials Plus, a new low-cost subscription service that gives providers online access to more payers through the HIPAA-compliant Availity Essentials platform.

Product Certification News

Claim.MD Achieves EHNAC Healthcare Network Accreditation
Claim.MD, an electronic data interchange (EDI) clearinghouse helping to streamline the billing and collection process for providers, payers and software vendors, announced it has achieved full accreditation with the Healthcare Network Accreditation Program (HNAP) for Electronic Health Networks (EHN) from the Electronic Healthcare Network Accreditation Commission (@ehnac).

Azara Healthcare Earns Certified Data Stream Status for NCQA’s Data Aggregator Validation Program
Azara Healthcare (@azaraDRVS), a provider of population health solutions, is pleased to announce that it has earned Certified Data Stream status for NCQA’s Data Aggregator Validation Program from the National Committee for Quality Assurance (NCQA).

Collaboration News

Curebase Joins the SCRS Global Impact Partner Program
The Society for Clinical Research Sites (SCRS) announced that Curebase (@CurebaseDCT), a company committed to democratizing access to clinical studies, has joined the organization as a Global Impact Partner (GIP). GIPs work closely with the SCRS Leadership Council as strategic partners that set key initiatives for SCRS to advance site performance and sustainability.

UCI Health Partners with Biofourmis for Hospital at Home and Post-Acute Remote Patient Monitoring
Biofourmis (@biofourmis), a Boston-based global company in digital therapeutics and virtual care that powers personalized predictive care, announced a multi-year agreement with UCI Health to support continuous artificial intelligence (AI)-powered remote monitoring of acute and post-acute care patients in their homes through Biofourmis tools.

Contract News

Jupiter Medical Center Selects Vocera Solutions to Improve the Healthcare Experience
Vocera Communications, Inc. (@voceracomm), a company in clinical communication and workflow solutions, announced that Jupiter Medical Center selected Vocera solutions to further enhance team communication and collaboration across the 248-bed hospital.

Merck KGaA, Darmstadt, Germany, Enters into Option Agreement with Quris on its BioAI Platform for Clinical Safety Prediction
Quris, an artificial intelligence (AI) innovator disrupting the pharmaceutical arena, announced it has signed an agreement with Merck KGaA, Darmstadt, Germany, a science and technology company, allowing Merck KGaA, Darmstadt, Germany to assess Quris’ BioAI safety prediction platform, comparing it to traditional in vitro and in vivo approaches.

Biofourmis Selected by Vanderbilt University Medical Center for CAR T-Cell Therapy Study Utilizing Tech-Enabled Remote Patient Monitoring
Biofourmis announced that Vanderbilt University Medical Center has selected Biofourmis to support a clinical study measuring the safety and efficacy of monitoring patients in a home-like outpatient setting after receiving a leading oncology drug.

Making the Cut, Milestones, Accolades, Awards and More

Cohere Health Processes One Millionth Prior Authorization Request
Cohere Health (@CohereHealth), a utilization management technology company, announced that it has processed its one millionth prior authorization request for medical services.

Firstsource Named Leader in Payer Digital Transformation Services and Rising Star in Payer BPaaS Services in ISG Provider Lens™ 2021
Firstsource Solutions Limited (@firstsource), a global provider of Business Process Management (BPM) services and an RP-Sanjiv Goenka Group company, has been named a Leader in the Payer Digital Transformation Services category and a Rising Star in the Payer Business-Processes-as-a-Service (BPaaS) Services category by leading global technology research and advisory firm Information Services Group (ISG) in their quadrant report on Healthcare Digital Services – ISG Provider Lens™.

DrFirst Pharmacy Solution Named an Edison Awards Finalist for Excellence in Commercial Technology, Consumer Safety
The Edison Awards, recognizing and honoring the best in innovation and excellence in the development of new products and services, announced that DrFirst’s SmartSuite for Pharmacy has been selected as a finalist in the Commercial Technology, Consumer Safety category.

Best in KLAS Recipients