What You Should Know:
Kinnos, the maker of Highlight®, a novel technology that colorizes disinfectants raises $15M led by a group of current and former industry leaders. The company also named healthcare veteran Steve Fanning as Chief Executive Officer and a member of the Board of Directors.Founded during the Ebola outbreak in West Africa, Kinnos is pioneering ways to more optimally employ proven disinfectants for a safer healing environment amidst a rising tide of infections globally.This
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CareSource Invests $1M in Virtual Rehab Augment Therapy
What You Should Know:
CareSource, a nonprofit managed care organization, today announced a $1M investment in Augment Therapy, a digital health company enhancing rehabilitative healthcare and exercise through immersive and gamified technology.The investment builds on CareSource and Augment Therapy’s pilot program at four locations in Ohio to research and showcase how access to Augment Therapy encourages children, and adults of all ages to exercise more and to get the most out of physical
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M&A: VMG Health Acquires BSM Consulting
What You Should Know:
VMG Health, a full-service healthcare strategy and transaction advisory firm acquires BSM Consulting (“BSM”), a specialist healthcare consulting firm with offices in Reno, Nevada and Phoenix, Arizona. VMG Health is owned by VMG employees and Northlane Capital Partners (“NCP”). NCP invested in VMG Health in March 2020.Founded in 1978 by Bruce Maller, BSM Consulting provides practice management consulting and compliance expertise to clients in ophthalmology and medical
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M&A: eVisit Acquires Bluestream Health
What You Should Know:
- eVisit, a virtual care operating platform for health systems and large, complex healthcare delivery organizations acquires Bluestream Health, a digital front door and virtual care workflow solution that manages patient and provider interactions throughout the care delivery process.
- Financial terms of the acquisition were not disclosed.
Acquisition Brings Virtual care to Patients
eVisit augments its highly innovative capabilities with complementary digital
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10 Critical KPIs Every Successful Healthcare Organization is Implementing
Contract Logix white paper reveals the top 10 most important contract management KPIs and how to maximize their impact
It's critical for every healthcare organization to monitor and optimize its contracts and contracting processes using key performance indicators (KPIs). But how do you determine which KPIs are the most important to your business and how do you harness the data required to benchmark and track them?
By benchmarking and tracking these KPIs in your healthcare organization, you
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Quest Diagnostics Acquires Haystack Oncology for $300M in Cash
What You Should Know:
Quest Diagnostics has reached an agreement to acquire Haystack Oncology an early-stage oncology company focused on minimal residual disease (MRD) testing to aid in the early, accurate detection of residual or recurring cancer and better inform therapy decisionsUnder the terms of the agreement, Quest will pay $300 million in cash at closing, net of cash acquired, and up to an additional $150 million on achieving future performance
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5 Digital Health Executives Share Their Key Takeaways from HIMSS23
John Erwin, CEO of Carenet Health
I was pleased with the robust turnout at HIMSS this year; it does seem like the healthcare industry is making up for the lost time from the pandemic. The topics that dominated the conference included teasing out the nuanced approach to safely deploying Chat GPT/AI into the industry (and when not to), health equity, and the patient journey. Workforce burnout continues to be a major issue in healthcare, though I think we could have
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M&A: Kaiser Acquires Geisinger, Forms Risant Health
What You Should Know:
Kaiser Foundation Hospitals and Geisinger Health are teaming up to launch Risant Health and a definitive agreement to make Geisinger the first health system to join Risant Health to expand access to value-based care in more communities across the country. Upon regulatory approval, Geisinger becomes part of the new organization through acquisition.Risant Health is a new nonprofit organization, created by Kaiser Foundation Hospitals, to expand and accelerate
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Philips & DoD Ink $10M Deal for AI-Wearable Disease Detection
What You Should Know:
The Department of Defense and Philips announced a $10M award to expand the readiness of our service members with the Rapid Assessment of Threat Exposure (RATE) AI wellness tool.The first group in this new cohort are theAir Force First Sergeants, who are responsible for overall squadron health and wellness.RATE is an AI algorithm, trained on clinical data from hospital-acquired infections to work with any off-the-shelf wearable to detect possible infection, acting
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Tegria Acquires Sisu Healthcare IT Solutions
What You Should Know:
Tegria, a leading healthcare consulting and technology services company, announced the acquisition of Sisu HealthcareIT Solutions, a highly regarded MEDITECH-certified hosting and services firm headquartered near Duluth, Minn.
With the addition of Sisu’s team of experts, Tegria deepens its established hosting, technical solutions and managed services offerings to support MEDITECH clients.
Financial details of the acquisition were not disclosed.
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