What You Should Know:
- Prevounce Health, a provider of remote care management software, devices, and services closes $2.5M in new Series A funding led by Cloud Hill Partners and Michael Hammond, former co-founder of Hammond Hanlon Camp LLC and H2C Securities, with participation from additional returning investors.
- The company has now raised $7M in total Series A funding and will use the Series A funding to advance its product and service offerings and scale its team to meet growing
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KLAS Unveils 2023 Top 20 Emerging Solutions
What You Should Know:
KLAS Research presented the 2023 KLAS Top 20 Emerging Solutions awards at HLTH 2023, highlighting the top 20 emerging healthcare solutions with the greatest potential to disrupt and improve healthcare. Selected by healthcare leaders working with KLAS, the solutions were rated on how well they could advance the “Quadruple Aim of Healthcare” – improve outcomes, reduce the cost of care, improve the patient experience, and improve the clinician
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Capital Rx Closes $50M to Expand Pharmacy Benefits Administration Platform
What You Should Know:
- Capital Rx, an NYC-based full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) raised $50M with participation from more than 10 of the leading health systems in the nation, including Atlantic Health System, Banner Health, Hawai’i Pacific Health, Inova Health System, Lehigh Valley Health Network, Memorial Hermann Health System, Nebraska Medicine, Novant Health, Ochsner Health, and WellSpan Health, among others, as well as
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Mount Sinai, UCSD Awarded $8.5M to Establish Data Integration Hub
What You Should Know:
- Researchers at the Icahn School of Medicine at Mount Sinai and the University of California San Diego have been awarded an $8.5 million grant to create a data integration hub aimed at accelerating novel therapeutics and cures for diseases within initiatives supported by the National Institutes of Health (NIH) Common Fund.
- NIH Common Fund programs are large-scale projects designed to collect cutting-edge biomedical research data from human cells, tissues, and
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Health M&A: Financial Distress Driving Q3 Healthcare Deals
What You Should Know:
- More than one-third of hospital and health system transactions announced in Q3 2023 involved a party that cited financial distress as a transaction driver, according to Kaufman Hall’s latest mergers and acquisitions (M&A) report. The reports reveal third quarter M&A activity remained high with 18 announced transactions resulting in $8.2B in total transacted revenue.
- Kaufman Hall experts say transaction activity is regaining momentum as hospitals,
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Rev Cycle M&A: Access Healthcare Acquires Envera Health
What You Should Know:
- Access Healthcare, a provider of revenue cycle management (RCM) and healthcare services, announced the acquisition of Envera Health, a market leader in patient engagement services.
- This acquisition, a testament to Access Healthcare’s focus on providing innovative and superior revenue cycle solutions, broadens its service portfolio to include enhanced patient engagement capabilities.
Acquisition Stregthens Access Healthcare’s RCM Services
By
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Walmart Expands Virtual Primary Care to Associates & Families
What You Should Know:
- Walmart announced it is expanding virtual primary care, building on the traditional telehealth service for occasional sick visits for Walmart associates and their families.
- As part of this expansion, virtual care options for digestive health and physical therapy will also be available, including some basic at-home lab work early next year. Most virtual health care benefits are available at no cost to associates and their families ($0
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Amwell Expands to South Africa with Digital Mental Health Benefit
What You Should Know:
- Amwell forms a strategic partnership with Discovery Health, a health insurance administrator, which will introduce the first-ever digital therapeutic benefits funded by a health insurer in South Africa.
- As part of the collaboration, clinicians are now able to prescribe SilverCloud by Amwell, a clinically validated, evidence-based and affordable digital mental healthcare platform, to Discovery Health members.
Benefit Offering Expands Access to
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Emory Healthcare Joins Graphite as Governing Member to Advance Digital Health Innovation
What You Should Know:
- Graphite, a software company developing the first comprehensive digital ecosystem for the frictionless exchange of health data, plans to add Emory Healthcare as its newest member.
- Pending negotiations of definitive agreements, Emory Healthcare intends to affiliate with Graphite as a Governing Member, joining the four founding health systems already dedicated to creating a common language for digital health.
Graphite Background
Graphite is a provider-led
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Butterfly Introduces Two Ultrasound Education Offerings
Butterfly Network, Inc., a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, today announced the addition of two new ultrasound education offerings that will complete its full suite of education products. The new offerings will include:
- Butterfly Certified™, a complete set of virtual and in-person POCUS courses designed to meet local training or privileging requirements, delivered in partnership with
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