What You Should Know:
- Community Direct DX (CDx), Scienetix, and the R&D division of Advanta Genetics have merged to form OSPRI, a new biotechnology company specializing in polymerase chain reaction (PCR)-based infectious disease detection.
- The merger creates one of the world's first fully vertically-integrated molecular testing platforms.
Addressing Cost and Complexity in PCR Testing
OSPRI will develop and deliver advanced tools to improve access to high-quality
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New Trilliant Health Report Exposes Widespread Price Variation in U.S. Healthcare
What You Should Know:
- Trilliant Health, a healthcare analytics firm, has released a new report that leverages data from the Transparency in Coverage (TiC) final rule to expose significant variations in commercial healthcare prices across the United States.
- The analysis, which includes data from 2,659 hospitals and 3,491 ambulatory surgery centers, highlights a "startling spread in prices" for the same procedures.
Information Asymmetry
The U.S. healthcare system
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Medallion Raises $43M to Streamline Healthcare Provider Networks with AI
What You Should Know:
- Medallion, a provider of AI-powered provider network infrastructure, today announced it has raised $43M in new funding led by Acrew Capital, with participation from Washington Harbour Partners and returning investors including Sequoia Capital, GV, and Spark Capital. The funding brings the company’s total raised to $130M, reinforcing its mission to eliminate administrative waste and streamline healthcare operations.
- The company plans to automate thousands of
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Healthcare’s Shift to Proactive Cybersecurity Measures
Health insurance payers, healthcare providers, and their associated contractors who handle patient data have all been forced to reckon with heightened cybersecurity concerns. For the entire industry, a proactive approach — rather than a reactive approach — is more important than ever.
The data around expensive security breaches and other cyberattacks do not tell the complete story of what’s happening in healthcare. Payers and providers are being inundated with alerts — almost all of which
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CentralReach Acquires SpectrumAi and AI.Measures to Expand AI-Powered Autism Care
What You Should Know:
- CentralReach, a software provider for autism and intellectual and developmental disabilities (IDD) care, has announced the acquisitions of SpectrumAi and AI.Measures. These strategic moves significantly expand CentralReach's platform to enable and accelerate outcomes-based care (OBC) for the autism and IDD field.
- The two companies bring cutting-edge capabilities in clinical assessment, video data capture, and predictive analytics that will enhance
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Epic Toolbox Additions: Ambience Healthcare, Caregility, Five9, Imprivata, NESA Launch New Integrations
What You Should Know:
- Ambience Healthcare, Caregility, Five9, Imprivata and NESA announced they have recently been added to or are in the process of being integrated into Epic's Toolbox, signaling a new wave of digital health enhancements aimed at improving patient care, operational efficiency, and security.
- These integrations focus on embedding advanced capabilities directly into the Epic electronic health record (EHR) ecosystem to meet clinicians and patients where they
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Teladoc Health Acquires Telecare to Strengthen Australian Presence
What You Should Know:
- Teladoc Health announced the acquisition of Telecare, an innovative Australian technology-enabled company specializing in virtual delivery of specialist and allied healthcare. Financial details of the acquisition were not disclosed.
- Under the terms of the acquisition, Telecare will continue to operate under its existing brand name and will be led by its current founders and management team. This approach ensures continuity for Telecare's existing
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Citizen Health Secures $30M to Pioneer AI-Powered Rare Disease Care
What You Should Know:
- San Francisco-based Citizen Health, a platform empowering patients with rare and complex conditions, secures $30M in Series A funding led by 8VC, with participation from Transformation Capital and Headline, bringing the company's total funding to $44M since its launch in late 2023.
- The new capital will accelerate the development of the company’s flagship product, a personalized AI Advocate designed to help patients navigate their health journeys.
New
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Healthcare’s C-Suite Shuffle: Flatiron, RadAI, Transcarent, Talkiatry, and Others Announce New Hires
Corporate and Strategic Leadership
Flatiron Health has appointed Nathan Hubbard as its new CEO, succeeding Carolyn Starrett. Hubbard brings over 20 years of leadership across biopharma, healthcare, and data-driven businesses.
Channel Medsystems has appointed Nelson Whistance as President and CEO to lead the company through its next stage of growth and expansion.
eMed Population Health has appointed Linda Yaccarino, former CEO of X (Twitter), as its new CEO. Her hiring is seen as a
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Cardinal Health to Acquire Solaris Health for $1.9B to Expand Urology Focus
What You Should Know:
- US drug distributor Cardinal Health has signed a $1.9B agreement to acquire a majority stake in Solaris Health from Lee Equity Partners. The deal is aimed at expanding the Specialty Alliance, Cardinal Health's multi-specialty management services organization (MSO) platform.
- The acquisition will give Cardinal Health a stake of around 75% in Solaris Health. The transaction is expected to be completed by the end of this year, pending customary closing
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