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Archives for 2021

Cardiologs Awarded FDA Clearance for Pediatric Use of Algorithm

by Jasmine Pennic 11/23/2021 Leave a Comment

Philips Acquires Cardiologs to Expand Cardiac Diagnostics & Monitoring Portfolio

What You Should Know: Cardiologs announced today that the FDA has cleared their algorithm to be used for the pediatric population - younger than 18. Their technology can now analyze ECG readings for atrial arrhythmias across all age groups. Cardiologs, a medical technology company committed to transforming cardiac diagnostics using medical-grade artificial intelligence and cloud technology, announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA)
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An Inside Look at Payer Compliance with CMS’ Patient Access API Rule

by John Kelly, Principal Business Advisor, Edifecs 11/23/2021 Leave a Comment

An Inside Look at Payer Compliance with CMS’ Patient Access API Rule

The healthcare industry is now closer than ever to its quest for true interoperable data exchange. July 1, 2021 was the enforcement date for the Centers for Medicare and Medicaid Services (CMS) Interoperability and Patient Access final rule. The rule requires that all healthcare payer organizations participating in a CMS program allow members to download and share their data using API’s (Application Programming Interface). This
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Edifecs Acquires Risk Adjustment Solution Health Fidelity – M&A

by Jasmine Pennic 11/22/2021 Leave a Comment

Edifecs Acquires Risk Adjustment Solution Health Fidelity – M&A

What You Should Know: - Today, global health IT company, Edifecs announced it has entered a definitive agreement to acquire Health Fidelity, a San Francisco-based tech provider. Together, the companies will offer health plans and provider customers with the most complete risk adjustment solution in healthcare. Edifecs, Inc., a health information technology solutions company, announced today that it has signed a definitive agreement to acquire Health Fidelity, a
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Hellman & Friedman and Bain Capital Acquires athenahealth for $17B

by Fred Pennic 11/22/2021 Leave a Comment

$17B athenahealth PE Firm Buyout Deal Near Closing - Health M&A

What You Should Know: Hellman & Friendman LLC and Bain Capital acquire health IT company athenahealth for $17 billion dollars. Private Equity firms Bain Capital and Hellman & Friedman LLC has announced it has acquired athenahealth, a cloud-based enterprise software solution for medical groups and health systems for $17B. In September, it was reported PE firm Veritas Capital and hedge fund Elliot Investment were exploring options to sell athenahealth for $20B or file for an
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Information Blocking Rule: 6 Key Takeaways Since Meaningful Use

by Leigh Burchell, Vice President of Policy & Government Affairs, Allscripts 11/22/2021 Leave a Comment

Information Blocking Rule: 6 Key Takeaways Since Meaningful Use

Information exchange and data availability are now a cost of doing business but establishing a robust strategy for that exchange and compliance with the new regulation from the Office of the National Coordinator for Health Information Technology takes careful planning. Healthcare organizations can achieve and maintain compliance by following these six takeaways: 1. Understand what constitutes “Electronic Health Information” “Electronic Health Information,” ONC’s new term for the data
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Artificial Intelligence: Healthcare’s Most Powerful Weapon

by Ashley Mehta, CEO & President of Nolij Consulting 11/19/2021 Leave a Comment

AI: Healthcare’s Most Powerful Weapon

The Advent of the ‘Digital CRISPR.’ Artificial Intelligence (AI) in the workplace has transformed how healthcare professionals and organizations conduct daily operations. It has also brought significant improvements in patient care and outcomes while moving the needle forward in the prevention and treatment of diseases. In short, AI makes it possible to crawl through massive amounts of data in minutes to make more informed decisions and keep healthcare organizations consistently ahead of
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Alira Health Acquires Digital Health Engagement Platform Patchai

by Jasmine Pennic 11/18/2021 Leave a Comment

Alira Health Acquires Digital Health Engagement Platform Patchai

What You Should Know: Alira Health acquires Italy-based Patchai, a cognitive platform embedding an empathetic virtual assistant for patient engagement and real-time data collection. This marks Alira Health’s second digital health acquisition, furthering the company’s rapid expansion into patient-centric, technology-enabled solutions for healthcare providers, payers, and suppliers. Alira Health, a Framingham, MA-based health care consultancy, announced that it has acquired Italy-based
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Biotech R&D Platform Benchling Closes $100M at $6B Valuation

by Fred Pennic 11/18/2021 Leave a Comment

Benchling Nabs $34.5M to Power Life Sciences R&D Cloud Platform

What You Should Know: Biotech R&D platform Benchling raises $100M at a $6B valuation, co-led by Franklin Templeton and Altimeter Capital to expand product development and global footprint, particularly in EMEA. More than 200,000 scientists at over 600 companies and 7,000 research institutions globally have adopted Benchling's R&D Cloud to make breakthrough discoveries and bring the next generation of medicines, food, and materials to market faster than ever before. The R&D
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4 Strategies for Urgent Care to Thrive During the Pandemic and Beyond

by David Stern, M.D., cofounder & CEO of Experity 11/18/2021 Leave a Comment

4 Strategies for Urgent Cares to Thrive During the Pandemic and Beyond

A year of constantly shifting gears to respond to the Covid-19 pandemic and meet patient needs further solidified the essential role urgent cares play during large-scale public health crises. Subsequently, the pandemic is continuing to change the way patients use and view urgent care. By the end of 2020, urgent care saw a 58% increase in visit volumes on average, and Covid-19 testing and vaccinations had accounted for 60% of all visits. New patient volumes increased by 23% over the same year,
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EasyHealth Secures $135M to Redesign Medicare Experience

by Fred Pennic 11/18/2021 Leave a Comment

What You Should Know: - Easyhealth raises $135M to redesign Medicare with its end-to-end Medicare experience to help 50 million Medicare members find the best plan and support them through their healthcare journey. EasyHealth, an LA-based company connecting coverage and care with an end-to-end Medicare experience, today announced it has raised $135M in equity and debt funding to further its mission to improve health outcomes for Medicare members by connecting coverage and care. Funding
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