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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Particle Health Expands Beta Program API to Consumer Digital Health Providers – Enabling Instant Access to Patient Records
What You Should Know:
- Particle Health announces the launch of its Beta Program that will enable consumer applications such as PHRs and other providers instant access to patient records stored across health exchanges - using its single API.
- The Beta Program is aimed at helping developers deliver next-gen healthcare solutions that have now been enabled with the recent passing of the Anti-Information Blocking Rule in the CURES Act.
- Now the Anti-Information Blocking Rule is in
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Halma Acquires AI-Powered Perinatal Platform PeriGen for $58M
- Halma, a UK global group of life-saving technology companies that provide innovative solutions to key problems facing the world today has acquired PeriGen, a leader in artificial intelligence that improves safety during childbirth for $58M in cash.
- The acquisition provides access to a supportive network and additional resources so that PeriGen can expand its perinatal safety technology throughout the U.S. and
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CVS Health Launches $100M Fund to Invest in Early-Stage Digital Health Startups
What You Should Know:
- CVS Health announced the formation of CVS Health Ventures, a $100M corporate venture capital fund that will focus on companies with the potential for technology-enabled innovation and disruption in digital health care that are anchored in CVS Health's core strategy.
- CVS Health Ventures will build relationships with early-stage digital health companies via investment as well as by offering expertise and insights from CVS Health's unique perspective.
- To date,
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CVS Health Launches Employer-Based COVID-19 Vaccination Program
What You Should Know:
Today, CVS Health announced it recently began administering COVID-19 vaccines at employer-based vaccination clinics through Return Ready, the company’s comprehensive COVID-19 solution that helps employers return and maintain healthy workforces.
- With vaccine hesitancy on the rise, federal and state governments are looking to partners, like employers and CVS Health, to help by making vaccines more convenient to access and enhancing public education
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