What You Should Know:
- Wellumio, a New Zealand-based medical device innovator announced the launch of a new subsidiary in California, a strategic move aimed at facilitating US-based clinical trials for its groundbreaking Axana device and accelerating its commercial rollout in the United States.
- Wellumio's expansion to the United States marks a significant milestone in its journey to revolutionize stroke care.
Axana: Transforming Stroke Detection
Axana is a portable,
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M&A: Predictive Oncology to be Acquired by Renovaro
What You Should Know:
- Predictive Oncology Inc. (NASDAQ: POAI), a leader in AI-driven drug discovery, announced its upcoming acquisition by Renovaro, Inc. (NASDAQ: RENB) in a strategic move aimed at accelerating innovation and improving cancer treatment outcomes.
- The merger brings together two companies with a shared commitment to leveraging artificial intelligence and machine learning to transform cancer care.
Synergistic Strengths and Shared Vision
Both Predictive
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Model N Appoints Bret Connor as CEO to Drive Next Phase of Growth
What You Should Know:
- Model N, a leading provider of revenue optimization and compliance solutions for life sciences and high-tech companies, announced the appointment of Bret Connor as Chief Executive Officer.
- Connor brings a wealth of experience in driving customer success and operational excellence, positioning Model N for continued growth and market leadership.
Bret Connor Bio/Background
Connor joins Model N from athenahealth, where he served as Chief
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symplr Appoints Susan Grant as Chief Clinical Officer
What You Should Know:
- Symplr, a provider of enterprise healthcare operations software, announced the appointment of Dr. Susan Grant, DNP, RN, NEA-BC, FAAN as Chief Clinical Officer.
- With over 30 years of experience in clinical leadership and healthcare innovation, Dr. Grant will play a pivotal role in advancing symplr's mission to streamline administrative tasks, prioritize clinician needs, and ultimately improve patient outcomes.
Dr. Grant Bio/Background
Dr. Grant brings
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Meditelecare to Pay Over $358k to Settle Medicare Fraud Allegations in Kentucky
What You Should Know:
- CompreCare Health LLC and its affiliates, operating as Meditelecare LLC, have agreed to pay $358,514 to resolve allegations of fraudulent billing practices involving telehealth psychotherapy services. The settlement was announced today by U.S. Attorney Michael A. Bennett of the Western District of Kentucky.
- The U.S. government alleged that between January 2017 and November 2022, Meditelecare submitted claims to Medicare for telehealth psychotherapy sessions
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ScribeEMR Leads in Virtual Scribing Satisfaction: KLAS Report
What You Should Know:
- While the healthcare industry is abuzz with the potential of AI and ambient speech technology, virtual scribing services continue to play a crucial role in easing the administrative burden on clinicians.
- KLAS's latest report provides valuable insights into the evolving landscape of virtual scribing, highlighting key trends and vendor performance in this developing market.
The Value Proposition of Virtual Scribes
Provider organizations are
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Medical Drone Delivery Services Market to Reach $1.9B by 2032
What You Should Know:
- The medical drone delivery services market is experiencing a dramatic upswing, driven by the increasing need for efficient and accessible healthcare delivery, especially in remote and underserved areas.
- According to FN Media Group, the market, valued at approximately $245.4 million in 2023, is projected to achieve a remarkable compound annual growth rate (CAGR) of 22.3% from 2024 to 2032, reaching $1.9 billion.
Factors Fueling the
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Avel eCare Acquires Hospital Pharmacy Management, Expanding Telepharmacy Services
What You Should Know:
- Avel eCare, a provider of telemedicine services, today announced the acquisition of Hospital Pharmacy Management, Inc. (HPM), a company specializing in remote medication order review and onsite pharmacy management for hospitals and health systems.
- The strategic acquisition significantly expands Avel eCare's telepharmacy capabilities and strengthens its commitment to supporting healthcare providers, particularly in addressing the growing shortage of
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Vitalic Launches Geriatric Behavioral Health Platform for Seniors
What You Should Know:
- Vitalic announced the launch of its innovative geriatric behavioral health platform, designed specifically to address the often overlooked mental health needs of older adults.
- Launching with $4M in seed funding from Redesign Health and Medicare Advantage payor VNS Health (a national home- and community-based health care payor/provider), Vitalic focuses on providing comprehensive and integrated care that prioritizes the unique challenges and vulnerabilities of
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Royal Health Secures Significant Investment from HealthQuest Capital
What You Should Know:
- Royal Health Inc., a provider of advanced radiology software and workflow solutions, announced today the closing of a minority investment led by HealthQuest Capital, a growth capital firm focused on transformative healthcare companies.
- The recapitalization represents a significant milestone for Royal Health, resulting in a near eightfold increase in enterprise valuation since its previous investment round in 2019.
While the specific funding amount
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