Trending News
Silicon Valley Bank Doubles CareCloud’s Credit Facility
CareCloud, Inc. (@CareCloud), a cloud-based healthcare technology and revenue cycle solutions company, announced that Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, has increased its secured line of credit, which is currently untapped, to $20 million to support future growth. The term of the line of credit was also extended by two years, to October 13, 2023.
Sphere Joins with Saina Health to Enable Secure Patient Payments
Sphere (@SphereCommerce), a provider of end-to-end integrated healthcare payments and security software, announced it has joined with Saina Health to enable secure payment acceptance through its InstaHealth™ platform.
Orion Health to deliver hospital information system for Kaweka Health’s new $70M surgery facility
Orion Health (@OrionHealth) has announced it has been selected as a software partner to Kaweka Health, a new $70 million elective surgery facility currently being built in New Zealand’s Hawke’s Bay area.
Collaboration News
Harris Healthcare’s Data Integrity Solutions, RightPatient Partnership Closes the Gap on Efficient, Accurate and Secure Patient Identification
Harris Healthcare’s Data Integrity Solution Business Unit – which includes patient data integrity powerhouses Just Associates, Inc. (@patientmatching), and QuadraMed® Corporation – have entered a strategic partnership with RightPatient® to integrate biometric patient identification into its existing suite of master patient index (MPI) management solutions.
Lifelink Systems and Genentech to Collaborate on Advanced Conversational Patient Experience Platform
Lifelink Systems (@lifelnksystems) announced a strategic collaboration with Genentech to provide a suite of advanced conversational technology solutions that will support a broad range of patient experience initiatives at the biotechnology company.
Intelerad Partners with Strategic Radiology to Bring Innovative Medical Image Management Solutions to More Than 1,300 Radiologists Across U.S.
Intelerad Medical Systems (@intelerad), a global medical image management solutions company, and Strategic Radiology, a national coalition of privately owned, quality-focused radiology groups, announced a partnership to provide Strategic Radiology’s more than 1,300 members with access to cloud-based medical image management solutions designed to optimize performance, optimize workflow and improve patient care.
Contract News
Leon Medical Centers, Rimidi Reduce A1Cs in High-Risk Cohort of Patients with Type 2 Diabetes
Leon Medical Centers (@LeonMedical) , a healthcare services provider serving Medicare patients in South Florida, announced clinical improvements in a cohort of high-risk patients with Type 2 Diabetes due to the remote patient monitoring and clinical decision support capabilities of Rimidi (@Jointherimidi), a clinical management platform designed to optimize clinical workflows, enhance patient experiences and achieve quality objectives.
Financial News
eVisit Closes $45 Million in Series B Funding Round Led by Goldman Sachs Asset Management
eVisit (@evisit), a Virtual Care platform for large healthcare providers, announced that it has closed a $45 million Series B financing round led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), with participation from Texas Health Resources, Tom Burton and Steve Barlow (Co-founders of Health Catalyst), and existing insiders. eVisit will invest the capital to drive growth by building out its Virtual Care platform and scaling up its sales and marketing efforts.
IntelyCare Adds Uber and Google Executives to Its Board in Support of Unprecedented Revenue Growth
IntelyCare (@intelycare), a staffing platform for nursing professionals seeking post-acute per-diem positions, announced that it has seen unprecedented growth, as management is projecting a 300%+ growth in revenue over the last year. The triple-digit revenue increase occurred as the company continued to blow past its previous highs in the number of shift hours filled by IntelyCare nursing professionals and expanded its geographical presence to a total of 25 U.S. states.
Pager® Secures $70M in Funding to Drive Expansion of Virtual Care in United States, Latin America and Worldwide
Pager (@getpager), a virtual care navigation and collaboration platform, announced it has raised $70 million as part of an equity and debt financing round. The Series-C round was led by Susquehanna Private Equity Investments, an affiliate of Susquehanna International Group LLLP (SIG), and included new and existing financial and strategic investors, including an affiliate of Horizon Healthcare Services, Inc., New Jersey’s largest health insurer. Debt financing was provided by Silicon Valley Bank.
Alpha Medical closes $24M Series B round to expand women’s telehealth — without the video calls
Alpha Medical (@helloalphamd), a telemedicine company focused on women’s healthcare, closed a $24 million Series B round. It’s another company situated squarely in the crosshairs of a pandemic-fueled boom in telemedicine investment, though Alpha Medical’s approach has one notable difference: you won’t be logging on to any Zoom calls.
Clearsense Acquires Plug-and-Play AI Analytics Firm
Clearsense (@ClearsenseLLC), an AI-powered data analytics platform company that translates healthcare data into highly consumable insights, announced the acquisition of Compellon, a privately-held, plug-and-play AI analytics company based in Lake Forest, California.
Xealth Secures $24 Million in Series B Funding to Accelerate Digital Health
Xealth (@xealthinc), a company enabling digital health at scale, announced that the company has secured $24 million in Series B funding led by Advocate Aurora Enterprises, a subsidiary of Advocate Aurora Health.
Olive Experiences Massive Hiring Surge Across The Grid; Commits to Hiring 300 Employees by End of Year
Olive, the automation company creating the Internet of Healthcare, announced plans to hire an additional 300 employees by the end of 2021, increasing its employee base by 30%. The company is also celebrating the milestone of reaching 1,000 employees across its flexible workforce model — The Grid — along with the appointment of two industry leaders to its Board of Directors: Surojit Chatterjee and Luis Felipe Visoso.
Telacare Health Solutions, LLC Acquires ViewMyID Health Assets
Telacare Health Solutions, LLC, Inc., a national telemedicine company, announced the acquisition of the assets of ViewMyID Health (VMIH), a secure mobile and web-based health data management platform. A former partnership between the two companies in early 2017 has led CEO Larry Jones of TelaCare Health to offer an undisclosed buyout to the ViewMyID Health company.
Product News
ABB Introduces First Rectifier Specifically Designed for Medical Applications
In the medical device space, safety and reliability are paramount. Using power supplies that meet the industry’s stringent standards is one of the core ways to help ensure these requirements are met. Helping to meet this need, ABB Power Conversion (@ABBelec) has introduced its new MPE2000AC48_200AC24 (MPE2000) rectifier, which has been designed specifically with medical applications in mind.
Greenway Health announces new offerings and leadership for Greenway Revenue Services, expands partnership with Tier 1 Institute Orthopedic and Neurosurgical
Greenway Health (@greenway), a health information technology services provider, announced enhanced offerings with Greenway Revenue Services (GRS), which provides revenue cycle management support to clients. Due to clients placing a stronger emphasis on the revenue cycle in response to the COVID-19 pandemic, the company announced GRS Select earlier this year, which delivers more flexible support options for swift and targeted relief to healthcare practices.
Rimidi Announces Official Launch of Patient Reported Outcomes Tool, Survé
Rimidi, a clinical management platform designed to optimize clinical workflows, announced the official launch of its EHR-integrated Patient Reported Outcomes (PROs) tool, Survé by Rimidi. The tool delivers questionnaires directly to patients on their device in real-time or in an appointment-driven or data-driven context, working within the existing EHR and layering on configurable clinical decision support.
Contract News
Motient Supports Newman Regional Health During Delta Variant COVID-19 Surge
Motient’s Mission Control solution has been a critical resource for Newman Regional Health throughout the pandemic and especially through the latest surge in cases, offering timely transport options and data capabilities to assess how to get patients the care they need.
In Support of National Recovery Month, Bamboo Health’s Treatment Connection Assessment Tool is Publicly Available to Assess Risk and Severity of Addiction
In recognition of President Biden’s proclamation of September as National Recovery Month, it’s imperative to raise community awareness on the staggering impact of mental health and substance use and share resources available to individuals, families, friends and professionals. Bamboo Health’s Treatment Connection is one resource that allows anyone the ability to take a free assessment, for yourself or on behalf of someone else, and receive the best course of addiction treatment. The Addiction Treatment Needs Assessment, developed by the American Society of Addiction Medicine (ASAM) with Bamboo Health (@bamboohlth) and Shatterproof, is publicly available by visiting TreatmentConnection.com.
Making the Cut, Milestones, Accolades, Awards and More
Force Therapeutics Exceeds 110 Clinical Research Studies Published with Leading Medical Journals and Associations
Force Therapeutics (@ForceTherEx), a patient engagement platform and research network, exceeded 110 clinical research publications . This milestone was made possible through more than a decade of delivering digital musculoskeletal (MSK) care to patients at leading health systems like Dartmouth-Hitchcock, and the collection of over four million clinically validated patient data points through the Force Therapeutics patient engagement platform.
Availity Celebrates 20 Years of Innovation
Availity (@availity), a national real-time health information networks, is celebrating its 20th anniversary of improving healthcare by advancing collaboration between payers and providers. Through Availity’s platform and business solutions, payers and providers may exchange information without picking up the phone and stop the wasteful spending that drives up the cost of healthcare for Americans.
Lightbeam Health Solutions Earns Placement on the Inc. 5000 List for Fourth Successive Year
Inc. magazine revealed that Lightbeam Health Solutions (@LightbeamHealth) is featured for the fourth time on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
FDS Amplicare and HealthPlanOne Announce Inaugural Pathway to Medicare Award Winners
FDS Amplicare (@FDSRx), which builds SaaS technology solutions that strengthen the health of retail pharmacies and their patients, and HealthPlanOne, a provider of Medicare enrollment solutions staffed by licensed Medicare advisors who provide exceptional service, announced the winners of the inaugural Pathway to Medicare Award. FDS Amplicare’s Match solution empowers pharmacists to assist their patients in making informed Medicare plan decisions.
Fortified Health Security Ranked as One of the Best Places to Work in 2021
Fortified Health Security, Healthcare’s Cybersecurity Partner® (@FortifiedHITSec), announced that it has been ranked No. 52 among healthcare organizations in Modern Healthcare’s 2021 Best Places to Work in Healthcare. This marks the first year Fortified has made this list.
Henry Schein’s 24th Annual ‘Back to School’ Program Helps Children in Need Return to the Classroom
Henry Schein, Inc. (@henryschein) is helping children around the world return to the classroom through its 24th annual “Back to School” program. This year, Team Schein Members at 22 locations in the U.S., Canada, Spain, and Ireland are donating backpacks filled with school supplies to almost 4,500 children.