Intermountain Healthcare has formed a new comprehensive health platform company named Castell that will enable other organizations to accelerate their transition from volume to value-based systems of care, while keeping care more affordable and accessible. Rajesh Shrestha has been named as the president and CEO of Castell. In addition to leading Castell, Shrestha serves as vice president and chief operating officer of Community Based Care for Intermountain Healthcare. He has more than two
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Capital Rx Lands $12M To Redefine The $550B Pharmacy Benefit Industry
Capital Rx, a New York-based pharmacy benefits manager overseeing prescription benefit plans for employers, unions, and government entities, today announced it has raised $12M in growth funding led by Edison Partners.Transforming An Outdated Model“Historically, the PBM industry chose consolidation over innovation, which is why the model hasn’t evolved in twenty years,” said AJ Loiacono, founder, and CEO of Capital Rx. “The sad truth is employers procure office supplies more effectively than
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Livongo to Offer 10.7 Million Shares in IPO, Priced Between $20 & $23 Per Share
Livongo Health, Inc., today announced it plans to offer 10,700,000 shares of its common stock to the public with the price expected to be between $20.00 and $23.00 per share. Livongo has applied to list its common stock on the Nasdaq Global Select Market under the symbol “LVGO.” Livongo also intends to grant the underwriters a 30-day option to purchase up to an additional 1,605,000 shares of common stock from Livongo.Livongo offers an integrated suite of solutions to promote sustainable health
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Stryker, RCSI Partner to Develop Digital Health Solutions for Emergency & Specialist Care
Stryker announced today the opening of its Digital Platform Services Centre of Excellence in Dublin, Ireland, and a strategic collaboration with RCSI (Royal College of Surgeons in Ireland) to develop digital health solutions for use in emergency and specialist care settings to provide more seamless care coordination for patients suffering from time critical medical emergencies.As part of the collaboration, Stryker will locate its Digital Platform Services Innovation and Ideation Hub in RCSI’s
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Sharecare Names Quest Diagnostic As Lab Partner For Its Digital Health Platform
Sharecare has named Quest Diagnostics its preferred laboratory partner for its comprehensive digital health platform. Sharecare and Quest Diagnostics also intend to jointly explore the development of disease management programs and other services to empower better health. In addition, Quest has made a strategic investment in Sharecare for an undisclosed sum with Goldman Sachs serving as Sharecare's financial advisor. Financial terms of the strategic investment were not disclosed.Sharecare
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Geisinger Selects EarlySign to Apply AI Algorithms to Identify Patients At Risk of Lower GI Disorders
Geisinger Health System announced it is partnering with machine learning solution provider EarlySign to develop AI-based solutions to identify individuals at risk of a range of chronic and high-burden diseases. The multi-year agreement will begin by deploying EarlySign’s LGI Flag through Geisinger’s Steele Institute for Health Innovation – to identify patients at risk of lower gastrointestinal conditions – including colorectal cancer and precancerous adenomas. This partnership follows the
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How Medicare Advantage Plans Reduced Their Disenrollment Rates by 30% Through Welltok
The average Medicare Advantage plan turns over about 10% of its members every year, and for a 100,000 member plan, that can equate to about $110 million in lost premium reimbursements as well as a decline in Star ratings. This is why retaining members is a top priority among health plans. Welltok’s Medicare Retention Solution has helped leading Medicare plans reduce disenrollment rates by up to 30%, improve disenrollment-related Star ratings from 2.5 to 4 and retain up to $97 million
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Rhapsody and Corepoint Merge to Support Healthcare Interoperability Initiatives Including FHIR
Rhapsody, a Boston-based international leader in healthcare interoperability and data connectivity solutions, has announced an agreement to merge with Corepoint Health, a provider of enterprise healthcare interoperability software solutions, to develop a next generation interoperability platform and enhance data integration and connectivity for existing and future customers. The companies will continue to operate as two separate entities for the foreseeable future. Combined Entity Supports
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Blockchain Solve.Care Integrates With Uber Health to Deliver Non-Emergency Medical Transportation for Patients
Solve.Care, a global healthcare platform which uses blockchain technology for the administration, coordination, and payments of healthcare benefits, has announced a partnership with Uber Health, allowing healthcare organizations to provide accessible and affordable rides to patients and caregivers. Integration Details & BenefitsEvery day, 10,000 patients miss or delay care due to a transportation barrier. The partnership will result in the integration of Uber Health’s transportation
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Georgia Hospitals Partner with CarePort to Improve Patient Outcomes
Georgia Hospital Health Services, a subsidiary of the Georgia Hospital Association has selected CarePort Health to provide hospitals across the state with a complete suite of solutions to improve care coordination by educating, guiding and monitoring patients moving across the continuum of care.GHHS formally endorses vendors that bring value to their system and understands the importance of transparency throughout care transitions by providing real-time patient data to improve patient outcomes.
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