A large number of institutional investors and hedge funds have recently added to or reduced their stakes in Evolent Health Inc. (NYSE: EVH), a company providing an integrated value-based care platform to the nation’s leading provider organizations. The company debuted on the New York Stock Exchange on 6/5/15, raising $195M, and closed above a $1 billion market cap. Here is a look at recent institutional investments in Evolent Health:1. CWM Advisors LLC grew its position in Evolent Health by
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PE Firm Backs Nation’s Largest Care Coordination Company ChartSpan
Blue Heron Capital, a growth private equity (PE) firm based in Richmond, Virginia has announced its investment in a Series A round of funding in ChartSpan, the largest healthcare managed service provider of chronic care management. The firm is part of a five-investor syndicate.Impact of Chronic Conditions on Patient Health OutcomesAn alarming 75% of Americans over the age of 65 live with multiple chronic conditions that require ongoing medical attention and often impact their ability to live
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Report: Health Systems Are Struggling to Simplify Patient Billing & RCM Processes
Today’s health systems are prioritizing patient financial experiences, yet many still struggle to simplify patient billing and align it with revenue cycle management (RCM), according to an in-depth study, commissioned by patient payment and engagement platform Cedar and conducted by The Health Management Academy (The Academy). The Cedar and Academy study examined practices at 20 of the top 100 U.S. health systems including qualitative and quantitative analyses of 23 senior executives
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K Health Integrates with Health Gorilla’s API to Power Lab Orders
K Health, a digital health company that offers free personalized healthcare, and Health Gorilla, a leader in secure interoperability solutions announced an integration collaboration to power new clinical functionality to improve the primary care experience. With the new integration, K Health can now leverage Health Gorilla's FHIR-based APIs to place orders with diagnostic vendors.Integration BenefitsK Health’s AI-driven primary care solution allows users to see how doctors diagnose and treat
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Research: Apple Devices Could Detect Early Alzheimer’s Disease (AD) Dementia
Eli Lilly, Evidation Health, and Apple has released initial results from a feasibility study that reveals an iPhone, Apple Watch, iPad, and the Beddit sleep monitoring device, in combination with digital apps, may be able to differentiate people with mild cognitive impairment (MCI) and mild Alzheimer's disease dementia. The exploratory results were presented today at the Association for Computing Machinery's KDD conference in Anchorage, and are published on the conference website.Impact of
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Pittsburgh Health Data Alliance, Amazon Partner on Machine Learning Research Sponsorship
Pittsburgh Health Data Alliance (PHDA) announced today that it is working closely with Amazon Web Services (AWS), an Amazon.com company, through a machine learning research sponsorship, to advance innovation in areas such as cancer diagnostics, precision medicine, voice-enabled technologies and medical imaging.Leveraging Machine Learning to Power Medical ResearchA unique consortium formed four years ago by UPMC, the University of Pittsburgh and Carnegie Mellon University (CMU), the PHDA uses
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PurpleLab Lands $3M to Expand Healthcare Data and Analytics Platform
PurpleLab, a Furlong, PA-based healthcare data and analytics platform has raised $3 million in growth financing from Edison Partners. PurpleLab plans to use the capital to bolster its analytics capabilities and sales and marketing operations.A New Type of Healthcare Provider Profiling OfferingProvider profiling and medical terminology master data management represents a $2 billion-plus market in the U.S. Today’s changing domestic healthcare environment will continue to change the way that
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Cerner Launches Patient-Focused Wellness Communities for Seniors
Cerner is teaming up with LifeCenters, a planned wellness community development company, to provide primary care, pharmacy and fitness programs to senior-living communities across the country. Known as VIA Centers, residents will have access to primary care physicians and specialists including dieticians, chiropractors, fitness and health coaches at their Wellpoint properties. Through highly specialized care, the centers will engage patients and their health needs by focusing on diagnosing the
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Research: Half of Hospital Leaders Plan to Invest in AI by 2021
Half of hospital leaders plan to invest in artificial intelligence (AI) and robotic process automation (RPA) solutions by 2021, according to a new study conducted by Olive AI that reveals AI adoption healthcare is still in its infancy. The study explores how hospital leaders are responding to the imperative to drive efficiency and reduce costs through strategic investments in non-clinical technologies. Conducted in partnership with Sage Growth Partners, the survey respondents included 115
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State of the Patient Financial Experience in 2019: 6 Key Trends to Know
Waystar, a provider of cloud-based revenue cycle technology has released an industry survey examining today’s state of the patient financial experience. In the first half of 2019, Waystar surveyed 1,000 consumers about their last hospital encounter and their experience with the hospital business office. The study, "The Patient Financial Experience: Consumer Attitudes and Behavior," reveals that the biggest barriers to a positive patient financial experience are lack of understanding around
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