Health IT Business News, Financial Edition – January 30, 2025

Trending News

Alterwood Advantage Selects Inovalon’s Converged Solution Suite to Drive Superior Quality Measurement and Risk Adjustment Accuracy
Inovalon, a provider of cloud-based software solutions empowering data-driven healthcare, announced that Alterwood Advantage, a Maryland-based Medicare Advantage health plan, has selected Inovalon’s Converged solution suite for payers to address member gaps in care for both quality measurement and risk adjustment.

HITRUST Delivers on Commitment to Make Third Party Risk Management Practical and Efficient
HITRUST, a provider of information security assurance for risk management and compliance, announced the General Availability (GA) of the HITRUST Assessment XChange App for ServiceNow, a transformative solution that incorporates numerous HITRUST innovations to deliver practical and effective third-party risk management to organizations of all sizes and maturities.

Waystar to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on February 18, 2025
Waystar Holding Corp., a provider of healthcare payment software, announced that it will report financial results for the fourth quarter and fiscal year ended December 31, 2024, before market open on Tuesday, February 18, 2025.

Zscaler Now Offers Natively Integrated Zero Trust Solution for RISE with SAP
Zscaler, Inc., a provider of cloud security and an SAP partner, is now offering customers its Zero Trust Network Access (ZTNA) service, natively integrated within RISE with SAP. Zscaler Private Access™ (ZPA™) for SAP, delivered through the Zscaler Zero Trust Exchange™ platform, helps enable SAP customers with on-prem ERP workloads to simplify and de-risk their cloud migration, without the complexity and risk associated with traditional VPNs.

Clinical Architecture Launches 2025 Healthcare Data Quality Survey
Clinical Architecture has launched its 2025 Healthcare Data Quality Survey, inviting professionals from across the healthcare industry to share their insights. From providers and payers to public health and life sciences, this survey is a chance for every stakeholder to weigh in on how data quality impacts patient outcomes and organizational success.

Mergers and Acquisitions

Innovaccer Acquires Humbi AI to Launch Actuarial and Contracting Copilot Capabilities for Payers, Providers, and Life Sciences Companies
Innovaccer, a healthcare AI company, announced its acquisition of Humbi AI (Actuarial Intelligence), a specialized healthcare actuarial software, services and analytics company. This marks Innovaccer’s third acquisition, following Cured and Pharmacy Quality Solutions (PQS) in 2024, solidifying the company’s commitment to drive advanced healthcare transformation.

Relias Acquires Feedtrail to Enhance Workforce Solutions With Patient Feedback Capabilities
Relias, the trusted education and workforce enablement partner to 12,000 healthcare organizations, announces its acquisition of Feedtrail HealthcareXM, a company specializing in patient and employee experience, and reputation management.

Contract Announcements

VSee Health Announces $870K Contract with National Mental Health Services Company
VSee Health, Inc., a provider of comprehensive digital health services and customized telehealth workflow streams, announces a contract renewal of approximately $870K with a nationwide provider of mental and behavioral healthcare services.

Insight Health Joins athenahealth’s Marketplace Program to Introduce AI Clinical Assistant to Healthcare Providers
Insight Health AI, Inc., a provider of AI-powered clinical documentation and virtual care solutions, announced an agreement with athenahealth, Inc. through the company’s award-winning athenahealth® Marketplace program.

Safety Net System Denver Health Selects Nabla’s Ambient AI Technology to Support Entire Clinical Staff’s Wellbeing
Nabla, a provider of ambient AI assistant for clinicians, announced a partnership with Denver Health, an integrated health system that provides ambulatory, hospital and emergency patient care.

Johns Hopkins Medicine Selects Caregility to Collaborate on Virtual Care Innovation
Johns Hopkins Medicine has signed an agreement with Caregility to implement the Caregility Cloud™ virtual care platform and inpatient telehealth devices. The collaboration will support the rollout of the health system’s Virtual Nursing program and broader care modernization strategy.

Venture Capitol and Funding

Anti-CRO Lindus Health Raises $55M in Series B Funding to Transform the Clinical Trial Landscape
Lindus Health, “the anti-CRO” running radically faster, more reliable clinical trials, announced it has raised $55M in Series B funding.

Percipio Health raises $20M and unveils AI-powered Population Health Monitoring platform
Percipio Health, a population health monitoring and management platform that is scalable across rising and high-risk categories, announces its official launch. Percipio has raised $20M to date with the closing of its series A, from investors including UPMC Enterprises, WAVE Ventures, Labcorp, and First Trust Capital Partners, LLC.

Booz Allen Ventures Invests in Quantum Hardware Innovation for National Security
Booz Allen Hamilton announced that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in SEEQC, a quantum computing company building innovative approaches to quantum hardware to enable the rapid scaling of quantum computers.

Systole Health Launches Innovative Virtual Group Health Care for Women’s Heart Health with $2M Pre-Seed Funding Round Led by Benchstrength
Systole Health, a tech-enabled group virtual care solution for women’s heart health, announced $2M in pre-seed funding. The round was led by Benchstrength, with participation from January Ventures, J Ventures, and Tom X. Lee, founder of One Medical.

AVS Completes a $36M Series B Financing Ahead of IVL U.S. Commercial Launch
Amplitude Vascular Systems (AVS), a medical device company focused on safely and effectively treating severely calcified arterial disease with its novel PULSE IVL™ platform, announced that it has completed a Series B round of financing of $36M. The funding will support the U.S. peripheral commercial launch as well as U.S. coronary and carotid IDE trials for the company’s Pulse Intravascular Lithotripsy device.

Eleos Raises $60M Series C to Transform Behavioral Health with AI Agents
Eleos, the leader in AI for behavioral health, announced a $60M Series C funding round led by Greenfield Partners, with participation from existing investors such as F-Prime Capital, Eight Roads, Menlo Ventures and ION — and new ones, including the Michael & Susan Dell Foundation, Union Tech Ventures and Centerstone. This round brings Eleos’ total funding to over $120M.

Telemedicine Clinic Hone Health Closes $33M Series A Funding and Acquires ivee
Hone Health, a telehealth clinic specializing in preventative and proactive longevity care, announced that it crossed 300,000 patients tested, 55,000 patients treated, and completed a $33M Series A funding round. he new investment will drive the company’s expansion into proactive & preventative longevity care for men and women while supporting its commitment to regulatory compliance and patient safety.

Making the Cut, Milestones, Accolades, Awards and More

Lightbeam REACH ACO Clients Outperform Non-Lightbeam REACH ACOs by 45%
Lightbeam Health Solutions, a provider of population health enablement technology and solutions, proudly announces that Lightbeam-powered Accountable Care Organizations (ACOs) engaged in the CMMI (Centers for Medicare & Medicaid Innovation Center) Realizing Equity, Access, and Community Health (REACH) program achieved exceptional results in Performance Year 2023 (PY23), generating over $110 million in gross savings.

HFS Research Recognizes Brillio as an Enterprise Innovator in Healthcare Payer Services
Brillio, a digital transformation services and solutions provider, has been recognized by business research consultancy firm HFS Research as Horizon 2 — Enterprise Innovator in Healthcare Payer Services for leveraging advanced AI, automation, and cloud capabilities to help clients optimize cost of care, experience of care, health outcomes, and health equity.