What You Should Know:
- The hospital and health system merger and acquisition (M&A) market experienced a significant surge in activity during the third quarter of 2024, reaching its highest level since 2017, according to Kaufman Hall’s latest M&A report.
- Kaufman Hall’s M&A report reveals this surge was largely fueled by the Steward Health Care bankruptcy and a series of "mega mergers" involving prominent health systems.
Steward Health Care Bankruptcy Drives
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FTC May Intervene in Epic Systems Antitrust Lawsuit
What You Should Know:
- During a visit to Wisconsin focused on corporate consolidation in the grocery industry, Federal Trade Commission (FTC) Chairwoman Lina Khan addressed questions about potential FTC involvement in an antitrust lawsuit against Verona-based Epic Systems, WKOW first reports.
- Khan’s visit included a listening session in Baraboo and a press conference alongside Rep. Mark Pocan (D-Black Earth) to address concerns about corporate consolidation in the grocery store
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Navigating 2024 Healthcare Challenges: Policy, AI, and the Road Ahead
Now that we’re halfway through 2024, we’ve gained significant insights into the most pressing healthcare issues facing our industry and how they might shape the future. From regulatory hurdles to technological advancements, our sector is at a pivotal juncture, and understanding these dynamics will be crucial for all stakeholders involved.
Here are some of these key challenges and explore the strategies that could help guide us through the rest of the year.
Challenges on the Horizon:
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Trilliant Health Report Reveals Troubling Trends in US Healthcare: Costs Soaring, Health Declining
What You Should Know:
- A new report from Trilliant Health paints a grim picture of the US healthcare system, highlighting escalating costs and worsening health outcomes despite increased spending.
- The 2024 Trends Shaping the Health Economy Report serves as a wake-up call for the US healthcare system. It underscores the urgent need for stakeholders to address the unsustainable cost trajectory and prioritize initiatives that genuinely improve health outcomes.
Key
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Mary Washington Healthcare Outsources Revenue Cycle Operations with Ensemble
What You Should Know:
- Mary Washington Healthcare (MWHC) has selected Ensemble, a provider of revenue cycle management solutions to outsource revenue cycle operations.
- The RCM outsourcing agreement will leverage Ensemble's innovative technologies and expert team to enhance MWHC's financial performance and elevate the patient financial experience.
Ensemble's Proven Track Record
With the addition of MWHC, Ensemble now manages an impressive $35 billion in annual net
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Rezilient Health Secures $10M to Expand CloudClinics™ in MO, TX, OK
What You Should Know:
- Rezilient Health, a St. Louis-based tech-enabled healthcare company, announced today that it has secured $10M in Series A funding led by Govo Venture Partners, with participation from Bridge Ventures, Acorn Pacific Ventures, The Council, and notable angel investors including Jim McKelvey (Co-Founder of Block), Mark and Robyn Jones (Founders of Goosehead Insurance), Jeremy Friese (Founder of Verata Health), and David Karandish (Founder of Answers.com).
- The
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HHAeXchange Acquires Sandata Technologies: Expanding Homecare Solutions
What You Should Know:
- HHAeXchange, a provider of homecare management solutions, announced today its acquisition of Sandata Technologies, a veteran in the homecare industry with four decades of experience. Financial details of the acquisition were not disclosed.
- The strategic move strengthens HHAeXchange's position in the rapidly growing home and community-based services (HCBS) market, where demand for personal care aides is projected to increase by 43% between 2020 and
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Accelerating Drug Discovery: Proscia Launches Concentriq Embeddings and AI Toolkit
What You Should Know:
- Proscia, a provider of AI-powered pathology solutions, is accelerating the pace of drug discovery and diagnostic development with the launch of Concentriq® Embeddings and the Proscia AI Toolkit.
- These powerful new tools empower life sciences organizations to leverage the full potential of artificial intelligence in pathology, leading to faster breakthroughs and improved patient outcomes.
Transforming AI Development in Pathology
Integrated into
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Claimable Launches AI-Powered Appeals Platform to Fight Unjust Healthcare Denials
What You Should Know:
- Claimable, a healthcare technology innovator, is taking on the pervasive issue of healthcare claim denials with the launch of its AI-powered appeals platform.
- This solution leverages advanced AI to analyze clinical research, policy details, appeals data, and patients' individual medical circumstances to generate and submit customized appeals in mere minutes.
Combating a Broken System
The U.S. healthcare system is plagued by an alarming rate of
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RXNT Acquires Scalabull to Streamline EHR Connectivity with Labs and Radiology
What You Should Know:
- RXNT, a Maryland-based healthcare technology leader, is continuing its path of accelerated growth with the acquisition of Scalabull, a nationwide interfacing network.
- The strategic move strengthens RXNT's ability to connect Electronic Health Record (EHR) systems with clinical laboratories and radiology facilities, streamlining critical diagnostic processes for healthcare providers across the U.S.
Scalabull: Simplifying Diagnostic
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