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Archives for 2021

Why Virtual Care is Key to Health Systems Long-Term Business Strategy

by Catherine Murphy, Chief Operating Officer at Zipnosis 07/14/2021 Leave a Comment

Why Virtual Care is Key to Health Systems Long-Term Business Strategy

Over the past year, the shortcomings and gaps in healthcare have been exacerbated by the COVID-19 pandemic. The patient and provider experience (and their respective preferences) in care delivery have been no exception to the industry’s shortcomings.  Providers and patients are looking for more convenient, efficient solutions to simplify the giving and receiving of care. Providers want more time back for face-to-face care with their patients, and patients want more affordable, convenient
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Unite Us Launches Social Care Solution to Improve SDoH

by Jasmine Pennic 07/14/2021 Leave a Comment

Unite Us Expands Social Determinants of Health Platform to 6 States

What You Should Know: - Unite Us today announced the release of its new end-to-end social care solution that will accelerate both the growth and impact of social care and services in local communities nationwide. - The new solution will expand far beyond patient referrals, to now identify and predict social care needs in communities, coordinate necessary care, leverage data to further improve systems at large, and enable sustainable and impactful funding of social care nationwide. Why
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Notable Launches End-to-End Revenue Cycle Workflow Automation Solution

by Fred Pennic 07/14/2021 Leave a Comment

Notable Launches End-to-End Revenue Cycle Workflow Automation Solution

What You Should Know: - Notable, a San Mateo, CA-based intelligent automation company for healthcare has launched expanded capabilities for comprehensive revenue cycle management (RCM) automation. - Unlike traditional point solutions that only automate siloed parts of the revenue cycle, Notable's intelligent automation platform is the only platform that combines robotic process automation (RPA), artificial intelligence (AI), patient engagement, and no-code configurability to provide the
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TailorMed, AllianceRx Walgreens Prime Collaborate to Reduce Patient Out-of-Pocket Costs

by Jasmine Pennic 07/14/2021 Leave a Comment

TailorMed, AllianceRx Walgreens Prime Collaborates to Reduce Patient Out-of-Pocket Costs

What You Should Know: - TailorMed, a leading financial navigation technology company that helps healthcare organizations remove financial barriers to care, today announced they are collaborating with AllianceRx Walgreens Prime – one of the nation’s largest specialty and home delivery pharmacies.  - TailorMed’s platform will help the organization reduce the burden of specialty therapies for eligible patients by
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VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

by Fred Pennic 07/13/2021 Leave a Comment

VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

What You Should Know: - VisiQuate, Inc., a Santa Rosa, CA-based provider of advanced analytics and AI-powered automation today announced a new $50 million equity investment from Sixth Street Growth. - Founded in 2009, VisiQuate, Inc.’s user-friendly data management and analytics solutions let virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows.   - VisiQuate’s artificial intelligence
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Israeli Startup Aidoc Raises $65M for AI-Powered Medical Imaging Platform

by Jasmine Pennic 07/13/2021 Leave a Comment

Israeli Startup Aidoc Raises $65M for AI-Powered Medical Imaging Platform

What You Should Know: -  Aidoc, a Tel Aviv-based provider of artificial intelligence (AI) solutions for medical imaging, announced it has raised $65M in Series C funding led by General Catalyst, bringing its total funding to $140M. - This Series C round comes on the heels of a surge in demand for Aidoc’s AI-driven solutions, including the largest clinical deployment of AI in healthcare through its partnership with Radiology Partners. - Founded in 2016, Aidoc’s solutions aid
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When Virtual Goes Viral: Post-Covid Software Trends for Small Physician Practices

by Stephen H. Dart, VP of Engineering at AdvancedMD 07/13/2021 Leave a Comment

When Virtual Goes Viral: Post-Covid Software Trends for Small Physician Practices

After the great telehealth rush of 2020, healthcare providers who could offer HIPAA-compliant services while also being able to access their patients’ complete healthcare information remotely, came out ahead of the game. The practices that continued operating their organizations in a way that met the healthcare needs of their patients in a ‘no-beats-missed’ fashion achieved greater patient satisfaction and outcomes due to the continuity of care.  But across the country, this scenario was
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Axuall Raises $10.4M to Expand Workforce Intelligent Network for Healthcare

by Jasmine Pennic 07/13/2021 Leave a Comment

Axuall Raises $10.4M to Expand Workforce Intelligent Network for Healthcare

What You Should Know: -  Axuall, a Cleveland, OH-based workforce intelligent network that enables healthcare providers to share their authenticated credentials and qualifications in real-time has raised $10.4M in Series A funding led by Flare Capital Partners. The round also included participation from co-investors Intermountain Ventures, University Hospitals Ventures, MedStar Health, Epsilon Health, InHealth Ventures, AV8 Ventures, JumpStart, M25 Ventures, and North Coast Ventures. -
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Banjo Health Lands $5M for AI-Driven Prior Authorization Platform

by Jasmine Pennic 07/13/2021 Leave a Comment

Banjo Health Lands $5M for AI-Driven Prior Authorization Platform

What You Should Know: - Banjo Health, a Washington-based provider of AI-driven prior authorization ("PA") solutions, announced today it has raised in excess of $5 million in Series A financing led by Epsilon Health Investors, with participation from Spark Growth Ventures and Tau Ventures. Epsilon Health Investors Co-Founder and General Partner, Gregory Epstein, will be joining Banjo Health's Board of Directors. - Banjo Health is focused on bringing transparency and automation to PA through
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Craneware Completes $400M Acquisition of Sentry Data Systems & Agilum

by Fred Pennic 07/13/2021 Leave a Comment

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics and retail pharmacies. It also complements Craneware’s focus on revenue cycle solutions by adding hospital pharmacy, one of the fastest areas of cost growth in hospitals, with minimal overlap in products and services. - Craneware envisions major opportunities to cross-sell within existing client bases — roughly 1,800 hospitals for Craneware and 550 for Sentry — and huge potential to develop new products and solutions, backed by Sentry and Agilum’s unmatched longitudinal database of more than 147 million de-identified patient records. Based in Edinburgh, Scotland, Craneware operates its U.S. headquarters in Atlanta and also has a development office in Wexford, Pa. Sentry and Agilum are based in Deerfield Beach, Fla.

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics
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