Healthcare supply chain leader Global Healthcare Exchange (GHX) today announced that it has completed the acquisition of Atlanta-based Vendormate, a privately held company that specializes in vendor relationship management solutions for healthcare providers and suppliers. Financial terms of the deal were not disclosed.
Vendormate solutions help healthcare providers better manage the process of who they do business with including vendor on-boarding, business associate management,
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InfoBionic Nabs $17M to Expand its Remote Patient Monitoring Platform
InfoBionic, Inc., a provider of patient monitoring solutions for chronic disease management announced that it completed the second tranche of a $17 million Series B financing round led by new investors Excel Venture Management and Zaffre Investments. The company also named Steven R. Wasserman as Chief Financial Officer and William G. Swavely as Senior Vice President, IT. Capital raised from this round will be used to commercialize Infobionic's MoMeTM System, a remote patient monitoring platform
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RxMatch Launches Platform To Automate Medical Care Follow Up
RxMatch, a digital health startup today announced the launch of a web- and mobile-based portal that automates and centralizes follow-up medical care and treatment compliance. It empowers healthcare professionals to deploy their best practices across institutions with ease and in a patient friendly interface. It also provides real-time data that gives healthcare practitioners up-to-date information, increases patient satisfaction, and decreases healthcare fees and readmissions. Doctors, nurses
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Health Wildcatters Pitch Day 2014 Showcases New Class of Startups
Health Wildcatters, the Southwest’s first healthcare seed-accelerator presented eleven innovative companies at their annual "Pitch Day" yesterday at the Majestic Theatre in Dallas. Each startup participated in the 12 week accelerator program receiving $30k in exchange for 8% common founding stock. During the program, the startups will be paired with appropriate mentors and partners to:
- Validate their business model
- Product development
- Business development
The program
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CVS to Launch Digital Health Innovation Lab in Boston
CVS Health Corp is planning to launch the CVS Digital Health Innovation Lab in Boston this winter focused on building patient centric experiences in healthcare, Boston Globe first reports. The CVS Digital Health Innovation Lab will accommodate 100 people in a new 15,000-square-foot office at 116 Huntington Ave, a short distance from both Longwood Medical Area and Cambridge’s technology community.
"Having a Boston presence will help us attract additional talent and increase our connectivity to
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Survey: Yelp Most Popular Site for Online Physician Reviews
Yelp is the most popular site for online physician reviews followed by Healthgrades and RateMDs, according to recent survey conducted by Software Advice on how patients use online reviews. The survey findings indicate that positive patient reviews on multiple sites is becoming increasingly necessary to attract and retain patients, particularly as the healthcare industry shift towards a patient-centric model.
“Online patient-generated content is here to stay—so we might as well use it to make
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FTC Probes Apple About Protecting Sensitive Health Data
The U.S. Federal Trade Commission (FTC) is reportedly seeking assurance from Apple about protecting sensitive health data collected by its HealthKit platform and upcoming smartwatch, according to two sources from Reuters. Apple has met with FTC on multiple occasions to ensure that it will not sell its users' health data to third party developers. Apple's HealthKit platform was designed with built-in health data protections.
"We designed HealthKit with privacy in mind," said Apple spokeswoman
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Is It Time to Replace Your Practice Management System?
Practice Management systems form the backbone of any medical practice, helping physicians and their staff manage appointments, keep track of patients, and perform medical billing. While government incentives have put a spotlight on Electronic Health Records (EHR) in recent years, now is also a critical time for practices to take a close look at their PM systems. Many in use today are outdated, making daily tasks harder than they need to be, slowing staff down, and causing anxiety around industry
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Xerox Invests in HealthSpot To Accelerate Deployment of Telehealth Kiosks
Xerox announced today it is investing in HealthSpot Inc., a pioneer in patient and provider driven healthcare technologies. HealthSpot’s telehealth platform allows patients to interface via Skype with nationally recognized doctors and healthcare professionals in a 40-square-foot telehealth kiosk. The average visit takes just 15 minutes, offering patients convenient and affordable access to doctors. The terms of the investment were not disclosed.
Investment Details
With Xerox’s investment,
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Report: 61% of Struggling Hospital CFOs Expect to Be Fired by 2016
61 percent of hospital chief financial officers (CFOs) and business managers in "struggling" hospitals expect to be fired by 2016 due to outdated revenue cycle management solutions, according to a recent Black Book report. The report reveals hospital CFOs could potentially lose their jobs because their outdated revenue cycle management software, staff, and solutions were powerlessly stuck in fee for service mode too long. CFOs self identified as "struggling financially" believe they must
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