Health IT Business News – June 20, 2019

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Posted By: Annmarie Budniak June 20, 2019

Financial News

Change Healthcare Proposes Terms For IPO
Nashville, Tennessee-based Change Healthcare has filed to raise $750 million in an IPO of its common stock, per an amended registration statement. The company provides a wide range of healthcare IT services to healthcare organizations of all size.

Patient Care Platform Feedtrail Raises $1M Seed Round
Feedtrail, a healthcare technology company at the center of the patient-provider relationship, announces a $1 million fundraising round led by Dioko Ventures. With participation from a major non-profit health system and a convertible promissory note, the capital will be used to hire key sales and marketing talent, and to scale the platform in order to meet new application demand.

Medxoom Raises $3.2M Financing to Bring Transparency to Medical Billing
Healthcare benefits platform Medxoom has raised a $3.2 million financing round led by Las Olas VC and TTV Capital. The “late seed” also saw participation from Lattice.VC and several healthcare and payments industry executives.

BlackThorn Therapeutics Closes $76 Million Series B to Advance Targeted Therapeutics for Mental Health
BlackThorn Therapeutics, a clinical-stage, neurobehavioral health company pioneering next-generation artificial intelligence (AI) technologies to advance targeted therapeutics, announced the close of its $76 million Series B financing. New investors, including Polaris Partners, Premier Partners, Scripps Research, and Vertex Ventures HC joined the round, along with existing investors Alexandria Venture Investments, Altitude Life Science Ventures, ARCH Venture Partners, Biomatics Capital, GV (formerly Google Ventures), Johnson & Johnson Innovation – JJDC, Inc. (JJDC), and Mercury Fund. In connection with the financing, Brian Chee, a managing partner at Polaris Partners, Lori Hu, a managing director at Vertex Ventures HC, and Julie Sunderland, a managing director at Biomatics Capital joined BlackThorn’s board as directors.

Allscripts is buying ZappRx, a prescription drug start-up
CNBC reports that medical software company Allscripts (@Allscripts) has bought ZappRx, a start-up that aimed to modernize how people access prescription medicines.

Quartet Announces Capital Raise and Strategic Partnership with Leading Medicaid Provider
Quartet, an innovative health care technology and services company, announced a strategic partnership with Centene Corporation (NYSE: CNC) to ensure the most vulnerable populations have access to mental health care.

Accumen Acquires Halfpenny Technologies
Accumen Inc. has acquired Halfpenny Technologies Inc., a Pennsylvania-based leader in data performance through its industry-leading clinical data exchange and business intelligence solutions providing secure, scalable, cloud-based, vendor-neutral, clinical data exchange platforms to health systems, commercial labs, health plans, and other channel partners throughout the industry. Terms of the transaction were not disclosed.

Product News

Health Catalyst Launches the Foundational Solution for Population Health
As healthcare costs soar, to help organizations ranging from hospital systems to large employers who are increasingly assuming a greater share of the financial risk for the health of populations, Health Catalyst®, Inc. is launching its Population Health Foundations solution. An important enhancement to the company’s existing population health technology, the solution will deliver the insights and comprehensive cross-continuum views that organizations need to succeed with value-based care.

Vocera Announces New Platform Enhancements to Improve Patient, Staff Experience
Vocera Communications, Inc. announced that its next generation rounding solution now uses artificial intelligence (AI) and machine learning to track satisfaction trends faster and provide sentiment analysis to enable healthcare leaders to quickly understand patient perceptions. Vocera Rounds integrates with a natural language processing service that uses machine learning to identify and analyze key words and phrases.

Contract News

St. Luke’s Goes LIVE with MEDITECH Expanse
Focused on putting the patient first and providing state-of-the-art care, St. Luke’s Health Care System recently went LIVE with MEDITECH Expanse, the company’s web-based Enterprise Health Record (EHR). The move to Expanse enables the Duluth, Minnesota healthcare system to connect patient information throughout the continuum, providing clinicians a complete view of the patient for enhanced care and quality outcomes.

Carisk Selects Uber Health to Provide Reliable, Cost-Effective Transportation Solution in Workers’ Compensation: Improves Access, Lowers Cost of Care for Injured Workers
For many of the 2.8 million injured workers nationwide who missed or were late to medical appointments due to a lack of cost-effective, reliable transportation, the relationship between Carisk Partners (@CariskPartners), a specialty risk transfer and care coordination company, and Uber Health (@uber) represents a meaningful solution. This relationship leads to timely care while minimizing chances for travel complications. It also results in quicker recovery and a faster return to work for the patient. Uber Health offers convenience, clarity and certainty about when transportation will arrive.

Collaboration News

Sanofi and Google to develop new healthcare Innovation Lab
Sanofi and Google will establish a new virtual Innovation Lab with the ambition to radically transform how future medicines and health services are delivered by tapping into the power of emerging data technologies.

Cisco and American Well are teaming up to let you talk to your doctor from your TV
Cisco is teaming up with telemedicine provider American Well on a project to convert people’s television sets into a virtual medical office. The tech giant in the early stages of developing a device that sits on top of televisions and integrates with American Well’s technology. The idea is to target people who have serious medical conditions, as well as older Americans, who might regularly need medical assistance. These users would be able to connect with one of American Well’s doctors and its broader network of large hospitals via a live video feed in their living rooms.

Imperial Home Health Partners with Synzi to Enhance Patient Communication and Engagement
Synzi (@SynziCare), a virtual care company, has announced that Imperial Home Health (Imperial), a Medicare-certified home healthcare agency, has selected its virtual care communication platform to pioneer the delivery of better patient management, engagement and care in southern California.

Making the Cut

Leading Health Data Management Firm, Harmony Healthcare IT, Recognized as One of the Best Places to Work in Healthcare in 2019
Harmony Healthcare IT (@HarmonyHIT), a data extraction, migration and archival solutions provider, has been selected by Modern Healthcare as one of the 2019 Best Places to Work in Healthcare. This award identifies outstanding employers in the healthcare industry at a national level. Modern Healthcare partners with the Best Companies Group on the assessment process, which includes an extensive employee survey.

Harmony Healthcare IT Rated No. 1 in Data Extraction and Migration in Client-Driven Black Book™ Survey
Harmony Healthcare IT, a data management and archival solutions company, has been ranked as the top data extraction and migration healthcare IT company according to Black Book™ Rankings, a division of Black Book™ Market Research.

Top 10 Identity and Access Management Companies – 2019
Kuma (@KUMA_LLC) is proud to announce they have been selected on Enterprise Security Magazine as one of the Top 10 Identity And Access Management Consulting or Service Companies of 2019! The organization was evaluated by an expert editorial panel of analysts and strategists to be placed among this group of highly innovative identity and access management providers.