Health IT Business News, Financial Edition – July 11, 2024

Trending News

Inovalon and MEDITECH Collaborate to Transform and Optimize Revenue Cycle
Inovalon, a provider of cloud-based software solutions empowering data-driven healthcare, announced a new partnership with the MEDITECH Alliance, an ecosystem of partner organizations with successfully proven and interoperable solutions with MEDITECH, a global electronic health record (EHR) provider.

Mergers and Acquisitions

HHAeXchange Acquires Cashé Software, Strengthening Homecare Operations for Thousands of Agencies and Individuals
HHAeXchange, a provider of homecare management solutions for providers, managed care organizations (MCOs), state Medicaid agencies, and fiscal intermediaries, announced its acquisition of Cashé Software, a leading Minnesota-based solution for homecare operations and billing. The strategic transaction brings together two premier, complementary providers of end-to-end homecare software platforms, significantly expanding the combined company’s ability to help thousands of homecare providers and payers across the U.S. ensure compliance, streamline billing, and optimize workforce management.

Nashville General Hospital Announces Robotic Surgery Program
Nashville General Hospital (NGH), Middle Tennessee’s essential hospital serving Nashville and Davidson County is pleased to announce the recent acquisitions of the da Vinci Xi® surgical system by Intuitive, designed with the goal of further advancing technology used in minimally invasive surgery.

Contract Announcements

Resilient Healthcare Chooses Choice Health At Home
Choice Health at Home (Choice), a home health, hospice, personal care provider specializing in the treatment of patients in the comfort and convenience of their own home, announced a partnership with Resilient Healthcare (Resilient), a tech-enabled health care company that delivers high-quality care to patients’ homes and communities virtually and in person.

Neuroglee Health Selected for CMS GUIDE Model Program and Announces Company Name Evolution
Neuroglee Health, a cognitive care solutions company, announced that it was selected to support patients and caregivers in the Center for Medicare and Medicaid Innovation’s (CMMI’s) Guiding an Improved Dementia Experience (GUIDE) Model, a new, 8-year program that aims to transform how care for Alzheimer’s disease and related dementias is delivered, coordinated and reimbursed.

Nashville-Based ObjectiveHealth, QualDerm Partners Expand Partnership to Increase Care Options for Patients
ObjectiveHealth, a Nashville-based integrated research and technology platform company, announced that it is expanding its partnership with QualDerm Partners, LLC, a Nashville-based dermatology and skin care management services organization, to integrate clinical research as a care option at QualDerm’s 158 skin care and aesthetics practices across 17 states, which serve more than 125,000 patients monthly.

Venture Capitol and Funding

Zoi Capital Founders and Industry Veterans Announce 200 Million Dollar Fund Targeting AI Technologies with Practical Applications for Healthcare
Zoi Capital, a venture capital firm specializing in artificial intelligence (AI) solutions for healthcare, was founded by Mayo Clinic-trained cardiologist Dr. Ronald M. Razmi and Brian K. Beeler, former Executive VP and General Counsel of Horizon Therapeutics. The co-founders and Managing Directors share more than 50 years of experience in the medical technology field and have been responsible for more than $30 billion in exits via public markets and acquisitions. Announce their fundraising goal of $200 million for their Health AI Fund I.

UBERDOC Secures Investment From CharmHealth and Bioverge
CharmHealth, a provider of healthcare technology solutions for providers, and Bioverge, a Silicon Valley venture firm and investment platform specializing in emerging healthcare technology, announced an investment in Boston-based startup UBERDOC.

Making the Cut, Milestones, Accolades, Awards and More

The Common Health Coalition Announces 50+ Health Care and Public Health Organizations Have Joined Since March
Since the Common Health Coalition, founded by five health care organizations, announced a pioneering set of commitments in March, the not-for-profit has grown to over 50 members.

Clarify Health Named High Performer in G2’s 2024 Summer Report
For the third time in less than a year, G2 has recognized Clarify Health, an award-winning healthcare data analytics platform company. In its 2024 Summer Report, G2 names Clarify a High Performer based on Clarify’s high customer satisfaction scores in the Healthcare Analytics Software category.

Other Business News

Lindus Health and Aktiia to launch observational clinical trial for Aktiia’s Optical Blood Pressure Monitoring Device
Lindus Health, the “anti-CRO” running radically faster, more reliable clinical trials for life science pioneers, and Aktiia, the pioneering blood pressure intelligence startup offering non-invasive and cuffless continuous blood pressure monitoring, have announced the launch of their clinical trial to evaluate user satisfaction with Aktiia’s optical blood pressure monitoring (OBPM) device in hypertensive individuals.