What We Should Know:
- On Tuesday, Cerner announced that CEO Brent Shafer and the Board have launched their search for the company’s next CEO. The Board has formed a CEO search committee and has retained a leading executive search firm as part of the CEO succession plan.
- Shafer will continue to serve as chairman and CEO until the Board has identified and appointed a successor, after which he will serve as a senior advisor for one year.
"Cerner is on the right trajectory, with
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Vida Health Raises $110M to Expand Personalized Virtual Care Platform for Mental & Physical Health
What You Should Know:
- Vida Health, a personalized virtual care platform for physical and behavioral health, today announced it has raised $110M led by General Atlantic and global insurance giants Centene, and AXA Venture Partners. Returning investors include Ally Bridge Group, Yahoo founder Jerry Yang’s AME Cloud Ventures, Aspect Ventures, Canvas Ventures, Guidewell, NGP Capital, and Workday Ventures.
- Centene’s investment in Vida
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Connect America Acquires Royal Philips’ Aging and Caregiving (ACG) Business
What You Should Know:
- Connect America has acquired international healthcare technology leader, Royal Philips’ Aging and Caregiving (ACG) business in a strategic deal that expands Connect America’s customer base and connect care portfolio.
Connect America is an independent provider of medical alert systems in North America and has become known as a leader in technology solutions that help aging individuals and vulnerable populations
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Boost Mobile Offers Free Telehealth Services Powered by K Health
What You Should Know:
- Boost Mobile, which serves millions of underinsured and uninsured customers, today announced it will become the first wireless provider to offer free telehealth services to its subscribers and their families by partnering with K Health.
- Launching in early summer, new subscribers to Boost Mobile’s Unlimited Plus plan (and their immediate families) will receive immediate access to healthcare and doctors, via K Health, straight from their Boost Mobile phone.
- K
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R1 Acquires Patient Financial Engagement Platform VisitPay for $300M
What You Should Know:
- Today R1 announced they will acquire patient financial engagement company VisitPay for $300 million in cash, leading the charge in overhauling the patient experience in the area with the most pain points - from surprise billing to price transparency. The acquisition marks R1’s third acquisition in the last year, transitioning the organization from a revenue cycle management services leader to a leading technology company.
- VisitPay’s cloud-based platform is used by
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Provation Acquires Perioperative Data Management Platform iProcedures
What You Should Know:
- Provation, a SaaS provider of procedure documentation and clinical decision support solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced its acquisition of iProcedures, LLC, a top-rated provider of cloud-based anesthesia documentation and perioperative data management software solutions. Financial terms of the transaction were not disclosed.
- The acquisition further expands Provation’s
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Collective Health Raises $280M for Employer Health Benefits Platform
What You Should Know:
- Collective Health, a San Francisco, CA-based provider of an employer-sponsored health insurance platform announced $280 million of funding in a Series F round led by Health Care Service Corporation (HCSC) along with existing investors DFJ Growth, Founders Fund, G Squared, Maverick Ventures, NEA, PFM Health Sciences, SoftBank Vision Fund 1, Sun Life, and others.
- Founded in 2013 by Ali Diab and Rajaie Batniji, Collective Health’s integrated solution allows
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Phenomix Inks Licensing Deal with Mayo Clinic for Obesity Phenotype Blood Test
What You Should Know:
- Today, Phenomix Sciences announced the company has signed an exclusive technology licensing agreement with Mayo Clinic for a novel blood test that accurately predicts obesity phenotypes.
- The multi-level “omics” MyPhenome™ test leverages technology developed at Mayo Clinic to analyze genomics, metabolomics and hormone levels. Its AI-driven algorithmic solution identifies four specific obesity phenotypes to give doctors the ability to
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Votive Health Raises $2.5M to Facilitate Payer-Provider Integration through Value-Based Arrangements
What You Should Know:
- Votive Health announced its formal launch following a $2.5 million financing led by Flare Capital Partners with Chrysalis Ventures and OCA Ventures as co-investors.
- Votive Health is a technology enabled network manager delivering complex care at home for people facing serious illness. It was founded by a team of health care insiders who share a passion for solving issues that result from the fragmented health system in the U.S. for patients living with a
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Paper vs. Electronic: 72% of Americans Want Physicians to Use Mobile E-Prescribing Tools
What We Should Know:
- A new e-prescription survey of 1,004 U.S. consumers, ages 18 and over conducted by Propeller Insights on behalf of DrFirst in December 2020 shows that despite the industry’s claim of widespread adoption of e-prescribing (EPCS), many doctors continue to write paper prescriptions. The survey found that 53% of Americans say some of their prescriptions are still sent to the pharmacy by phone, fax, or paper.
- They also often wait days for even urgently needed
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