OSF Ventures, the corporate venture capital arm of Peoria, Ill.-based OSF HealthCare, has announced the closing of its sophomore venture capital fund of $75M. The sophomore fund will focus on investing in new technology, devices, and services that offer improved and more cost-efficient healthcare.Investment PhilosophyOSF focuses on investing in companies seeking funding at all post-seed stages and has invested primarily in Series A and B rounds. In addition, OSF Ventures is open to
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Fred Pennic
Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.
DAS Health Acquires Health IT and Medical Billing Conglomerate
DAS Health, an industry leader in health IT and management, announced today it completed the acquisition of a Milwaukee-based healthcare solutions conglomerate, including WRT Specialties, Inc., Easy PC Solutions, LLC, EasyMed Billing, LLC and Houston-based Systech Solutions. This follows DAS’ acquisition of Houston-based Altex Business Solutions earlier this year, and three Chicago-based companies at the end of 2018. Financial details of the acquisition were not disclosed.DAS Health Growth
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Progentec Diagnostics Merges with Karate Health to Expand Autoimmune Disease Management Platforms
Karate Health merges with Progentec to pursue comprehensive disease management solutions for lupus and multiple sclerosis (MS) that combine laboratory testing with digital technologies. Progentec Diagnostics, Inc. and Karate Health, Inc. announced that they have merged, offering laboratory testing and digital technologies for the diagnosis and management of lupus (SLE), multiple sclerosis (MS), and other autoimmune diseases. The merger is a substantive step towards the Progentec mission of
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DrFirst Integrates with Epic’s Real Time Prescription Benefits Prescribing Workflow
DrFirst, a provider of e-prescribing, price transparency, and medication management solutions announced today that it has entered into an integration agreement with leading EHR provider Epic to make DrFirst’s myBenefitCheck (real-time benefit check) service available to clients in Epic’s RTPB (Real-Time Prescription Benefits) prescribing workflow to help doctors and patients understand the cost of the drugs and drive medication adherence.How myBenefitCheck WorksVia myBenefitCheck, prescribers
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VA Transfers 23.5 Million Patient Health Records to Cerner’s Data Center
The U.S. Department of Veterans Affairs (VA) recently transferred the health records of 23.5 million Veterans to a Cerner's data center, setting the stage for the records to be processed this summer in support of VA’s and Department of Defense’s (DoD) common electronic health record (EHR) solution.Data Migration PhaseThis initial data migration phase of VA’s Electronic Health Record Modernization (EHRM), which began in late spring, is an important milestone reflecting the decision to replace
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Medicare Advantage Plans Struggle With Internal Challenges to Keep Pace With Growth
Many Medicare Advantage health plans (35%) struggle with internal challenges in keeping pace with growth, including technology and infrastructure limitations, according to results of its latest Voice of the Market Survey. In addition, 33.8% struggle with a lack of IT staff or resources to make necessary changes and 29.4% lack the in-house Medicare experts necessary to implement adjustments in response to business fluctuation.The survey was commissioned by HealthEdge and conducted by Survata, an
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CoxHealth Taps MDLIVE to Optimize The Virtual Care Experience for Patients & Providers
MDLIVE Inc., a virtual healthcare provider, today announced a strategic and landmark partnership with CoxHealth. As part of the partnership, MDLIVE’s virtual care platform will be seamlessly integrated into CoxHealth’s existing digital framework to optimize the virtual care experience for both consumers and providers across the state of Missouri. CoxHealth will leverage MDLIVE’s holistic virtual experience to better support the many complexities and systems involved in providing virtual
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CVS Uses Analytics to Expand Transform Diabetes Care Program
More than two years since its launch, pharmacy benefit manager (PBM) CVS Caremark’s Transform Diabetes Care program has helped PBM members better control their diabetes through a combination of highly personalized member support and coaching focused on improving medication adherence and better control of HbA1c. In fact, more than 50 percent of members with uncontrolled diabetes who enrolled in the program have moved to a controlled status and, on average, members have improved HbA1c by 1.2
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Orca Health Integrates Smart Apps With Redox’s EHR Integration Platform to Power Secure Patient Care Plans
A new collaboration between Orca Health and Redox will allow Orca to integrate their smart apps with health systems looking for a modernized approach to the patient experience. Starting in the waiting room and extending along the continuum of care, Orca Health’s smart apps allow providers to guide, accompany, and instruct patients while simultaneously gathering a wealth of actionable data. Using Redox’s full-service EHR integration platform, Orca will quickly and securely transfer patient care
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XLerateHealth Unveils 2019 Louisville Cohort of 9 Digital Health Startups
XLerateHealth, a Louisville, KY-based healthcare accelerator announced it has selected nine digital health startups to participate in its 2019 Louisville accelerator cohort. This is the 8th cohort to be selected into the bootcamp program since XLH’s launch in 2013.XLerateHealth (XLH) Accelerator Program OverviewThe accelerator’s 12-week intensive program will help the early-stage healthcare companies build out their commercialization strategy, which includes their intersection with Payers,
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