Recent CMS rule changes have once again brought bundled payments into the national spotlight. Addressing established uncertainty amongst payers and providers on the future of bundled payments, Chilmark’s latest report analyzes the market trends shaping this space and describes available health IT solutions to help healthcare organizations (HCOs) adapt to these new value-based payment programs.Challenges to Bundled Payment ProgramsThe report, Bundled Payments: Current Strategies and Tools, starts
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Fred Pennic
Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.
Boston Children’s Hospital Partners With Patient Navigation Platform Medumo
Pediatric hospital Boston Children’s Hospital has partnered with Medumo, a patient navigation platform whose technology promotes better patient engagement and activation, to deliver a targeted pediatric care messaging service to improve access and patient experience. Loss-to-follow-up missed appointments, and improper procedure preparation or discharge follow up leads to worse patient outcomes and is a multi-billion dollar a year problem to hospitals.Exclusive License with DisCoWith this
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Healthcare Data Platform Innovaccer Closes $35M Series B Round
Silicon Valley-based healthcare data platform company Innovaccer, announced that is has closed $35 million in Series B funding, led by Microsoft’s investment arm M12 (formerly known as Microsoft Ventures), Westbridge Capital with participation from Lightspeed Ventures. The latest round brings the total capital raised by Innovaccer to $51 million. Founded in 2014, Innovaccer Inc. is on a mission to drive efficiency in healthcare by unleashing the power of data. Its leading healthcare data
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Teladoc Launches Personalized Back Care Solution to Expand Portfolio of Offerings
Today Teladoc Health announced the U.S. launch of Teladoc Back Care – a personalized, online back pain treatment program to reduce the intensity, frustration, and impact of back pain. This new service adds to Teladoc Health’s broadening array of services, ranging from cold and flu to complex conditions like behavioral health, and even cancer.With back pain estimated to be the third-highest medical cost driver in the U.S. at $87 billion, this service is expected to have a tremendous impact on
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Definitive Healthcare Acquires HIMSS Analytics’ Data Services Business
Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the vendor data services business of HIMSS Analytics, which includes the Logic, Predict, Analyze and custom research products. The acquisition will build on the Definitive's articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market.“HIMSS Analytics has developed an extraordinarily
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Israeli Telehealth Startup TytoCare Extends Series C, Bringing Total Funds to $33.5M
TytoCare, an Israeli-based telehealth company, today announced it has extended its Series C funding to add key strategic investors, bringing the total funds raised to $33.5M. This is an extension of the oversubscribed 2018 round led by Ping An Global Voyager Fund with new investors Shenzhen Capital Group of China, Japan’s Itochu, and Sanford Health of the US.Founded in 2012, TytoCare has three telehealth products: TytoHome™ for consumers, TytoPro™ for professionals, and TytoClinic™ for remote
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Heal Expands On-Demand Doctor Calls to Atlanta Metro Area for Aetna Members
On-demand doctor house call service provider Heal today announced it has joined Aetna’s robust network of high-quality providers in the metro Atlanta area, including Gwinnett, Forsyth, Fulton, Cobb, DeKalb, and Clayton counties. Effective immediately, Aetna Commercial members can schedule house calls with pediatricians, internists and family practice physicians for the same co-pay as a primary care doctor’s office visit.Between 8:00 a.m. and 8:00 p.m., seven days a week, 365 days a year, a
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape
The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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aMoon II Raises $600M Digital Health Fund to Invest in Mid to Late-Stage Companies
Israeli-based health tech and life sciences venture fund aMoon II has raised $600 million from investors and aims to raise up to $750 million by its close in February, Reuters reported. The fund's objective is to generate strong investment returns by partnering with promising mid-late-stage companies in Israel and in select other global centers of healthtech innovation.aMoon II Investment FocusFounded in 2018, aMoon II secured a $250 million investment commitment from Credit Suisse’s asset
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HealthStream Acquires Providigm for $18M in Cash to Drive Quality Outcomes
HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities for approximately $18 million in cash. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based
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