EXL, an operations management and analytics company has signed an agreement to acquire SCIO Health Analytics, a West Hartford Connecticut-based leading healthcare analytics solution and services company for $240 million, excluding adjustments for cash, debt, and working capital. SCIO has been focused on using next-generation analytics to help payers, providers, and life sciences organizations make the transition to value-based care, improve revenue, reduce financial loss, uncover fraud, waste,
Read More
SwipeSense Acquires Mobile App iScrub Lite for Recording Hand Hygiene Observations
SwipeSense, a Chicago-based healthcare technology company, today announced the acquisition of iScrub Lite, the leading mobile app for hand hygiene observation. Originally conceived and developed by the Computational Epidemiology Research Group at the University of Iowa, iScrub Lite was launched to simplify the time-consuming and error-prone process of recording hand hygiene observations and sharing the results with health care professionals. In fact, the CDC has recommended iScrub Lite as a part
Read More
Children’s Hospital Los Angeles Names First-Ever Chief Innovation Officer
Children's Hospital Los Angeles has appointed Omkar P. Kulkarni as the hospital's first chief innovation officer to help drive clinical innovation at one of the nation's top pediatric institutions, starting May 7. In his new role, Kulkarni will be responsible for fostering innovation across CHLA's clinical and research enterprises – including finding successful new methods of care, incubating new medical tools and software, and rallying communities in and out of the hospital to solve problems
Read More
Suki Lands $20M to Create AI-Driven Alexa for Doctors Platform
Suki, an n AI-powered, voice-enabled digital assistant for doctors that lifts the burden of documentation has raised $20 million that comes from a Series A round led by Venrock with participation from First Round and Social Capital, as well as individual Googlers and angels, Nat Turner of Flatiron Health, and Marc Benioff. Venrock also led the seed round.Founder by former Google and Salesforce executives Punit Soni and Karthik Rajan, Suki's AI-driven voice-enabled digital assistant for doctors
Read More
Health2047 Nabs $27.2M from AMA to Ramp Up Innovation Incubator
Health2047, a Silicon Valley-based healthcare innovation enterprise has announced a $27.2 million follow-on investment from its founding partner, the American Medical Association (AMA). Health2047 plans to utilize the funding ramp up development and commercialization of promising new technology-based solutions in the areas of chronic disease reduction, radical productivity change, and value-based healthcare. Launched in 2016, Health2047’s mission is to transform U.S. healthcare at the system
Read More
OnlyBoth Launches AI-Driven Home Health Agency Benchmarking Engine
Pittsburgh-based OnlyBoth Inc., today announced the launch of its no-cost Home Health Agency benchmarking engine, which applies innovative artificial intelligence (AI) technology to Medicare data previously gathered about providers. The unique engine delivers text-based insights so users can easily compare and contrast home health agency performance for informed decision-making.As transparency becomes more of a requirement, particularly with the CMS news about the prices this week, so will
Read More
Doctor On Demand Nabs $74M to Expand Virtual Care Platform
San Francisco, CA-based Doctor On Demand has raised 74 million in Series C funding led by Princeville Global and Goldman Sachs Investment Partners with participation from existing investors including Venrock, Shasta Ventures, and Tenaya Capital. his funding will support the continued rapid expansion of Doctor On Demand’s telehealth platform and further its commitment to delivering access to quality care at scale.This Series C funding is rounded out by new investors Blue Cloud Ventures and
Read More
Redox Unveils Single Sign-On Integration for Digital Health Vendors
Today Redox, healthcare's leading integration platform, announced the launch of a new module: Redox Single Sign-On (R^SSO). With R^SSO enabled, clinicians can launch third-party applications directly from a patient's chart without needing to re-enter their username and password. While single-sign-on (SSO) solutions have been in place for some time, most of them are focused on the needs of healthcare organizations at an enterprise level. This creates tremendous inconsistency for digital health
Read More
Beacon Health Expands Revenue Cycle Services with R1 RCM
Beacon Health System, a South Bend, IU-based regional healthcare provider have signed a multi-year agreement with R1 RCM to provide additional revenue cycle management services to address its needs. Under terms of the agreement, Beacon Health is adding Revenue Capture Services (RCS) to the existing High Yield services in place. Utilizing a unique technology and robust team of revenue cycle experts, RCS provides products such as charge capture, coding review and others aimed at identifying
Read More
HHS Appoints James Parker to Address Cost & Availability of Health Insurance
On Wednesday, Health and Human Services (HHS) Secretary Alex Azar announced the appointment of former MDwise CEO James Parker to the Secretary for Health Reform and Director of the Office of Health Reform at HHS. In his new role, Parker will be responsible for leading the initiative to address the cost and availability of health insurance.In his most recent role, Parker served as CEO of MDwise, an Indiana Medicaid managed care organization with over 300,000 members and $1.4 billion in revenue.
Read More
