M*Modal, a Franklin, TN-based provider of clinical documentation and Speech Understanding solutions, today announced that its largest investors have completed an investment of $70 million in the company by converting debt into equity. This transaction will allow M*Modal to further accelerate its investment in technological innovation in its natural language processing (NLP) and artificial intelligence platform as well as client acquisition. M*Modal’s artificial intelligence (AI) and
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ACOs Generated $300M in Savings Over 3 Years Via Lightbeam Technology
Accountable care organizations (ACOs) using Lightbeam technology have generated over $300M in savings over the last three performance years, since the Centers for Medicare & Medicaid Services (CMS) Medicare Shared Savings Program (MSSP) began. Lightbeam’s platform facilitates end-to-end population health management for ACOs, payers, provider groups, health systems and other healthcare organizations aspiring to provide superior care at a lower cost.Over the life of the program, Lightbeam
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Hitch Health, Lyft Partner to Provide Non-Emergency Medical Transportation to Patients
Hitch Health, a Minneapolis, MN-based healthcare technology company focused on innovative ways to improve patient health, today announced the launch of their partnership with ridesharing company Lyft. The announcement comes off the heels of a successful six-month pilot phase focused on at-risk populations served by Minnesota’s Hennepin Healthcare, which operates Hennepin County Medical Center (HCMC) in Minneapolis, as well as primary care clinics in Minneapolis and suburban communities. Early
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Roche Acquires Oncology EHR Startup Flatiron Health for $1.9B
Roche has reached an agreement to acquire Flatiron Health, a NYC-based oncology EHR startup focused on accelerating cancer research and improving patient care for $1.9B. Under terms of the acquisition, Flatiron Health will continue its current business model, network of partnerships and overall objectives. The integrity of segregated patient protected health information will be preserved, as will dedicated sales and marketing, provider-facing and life science business activities. In addition,
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Penn Medicine Launches Telemedicine Hub with Center for Connected Care
Penn Medicine has announced the launch of their new telemedicine hub, Penn Medicine Center for Connected Care that centralizes the health system’s telemedicine activities. The center also includes its almost 15-year-old Penn E-lert eICU for the critically ill, a tele-homecare service for the chronically ill, as well as a telemedicine service linking obstetricians to trauma surgeons caring for critically injured pregnant women, and a tele-urgent care service which eliminates the need for physical
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Innovaccer Launches ACO Compare to Analyze ACO Performance Trends
Accountable care organizations are playing a pivotal role in the value-based ecosystem. Since their formation in 2012, MSSP ACOs have saved over $2 billion for millions of assigned beneficiaries. More importantly, the quality of care has improved drastically as a direct result of the collaborative efforts by ACOs. The average quality scores of 2016 are higher than ever, attesting that ACOs are instrumental in advancing value-based care.However, the overall results, as observed on ACO Compare, do
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Fitbit Acquires Health Coaching Platform Twine Health
Fitbit, today announced it has acquired Twine Health, a HIPAA-compliant health coaching platform that delivers a user-friendly experience to help people manage chronic conditions, such as diabetes and hypertension, and to support lifestyle interventions, such as weight loss and smoking cessation.Twine Health’s proven coaching platform is a strong foundation upon which Fitbit plans to expand its offerings to self-insured employers, health plans and health systems. Through the acquisition, Fitbit
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DrFirst Launches E-Prescribing App to Combat Opioid Over-Prescribing
DrFirst, a provider of in e-prescribing and medication management solutions, today announced the launch of iPrescribe, a mobile app that allows physicians to prescribe legend drugs and controlled substances while complying with state prescription drug monitoring program (PDMP) requirements. The iPrescribe app can be downloaded from the Apple App Store and Google Play Store.iPrescribe is the first mobile solution to optimize access to all the necessary tools physicians need to manage patients’
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Change Healthcare Awarded DIN PACS Contract by US Defense Logistics
Change Healthcare today announced that it has been awarded a new Digital Imaging Network-PACS (DIN-PACS) IV contract by the United States Defense Logistics Agency. The DIN-PACS IV contract is a multiyear, indefinite delivery/indefinite quantity (IDIQ) contract with a combined five-year base period and one five-year option period.Under the DIN-PACS IV contract, the Military Health System and Veterans Health Administration (VHA) facilities can procure the full suite of McKesson enterprise imaging
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Engine Biosciences Lands $10M for AI-Driven Drug Discovery Platform
Engine Biosciences("Engine"), a San Francisco, CA-based biotech company pioneering its artificial intelligence and genomics network biomedicine platform for drug discovery has raised $10 million. The seed round was co-led by by DHVC (Danhua Capital) and 6 Dimensions Capital, with participation from global biopharmaceutical leader WuXi AppTec, EDBI, Pavilion Capital, Baidu Ventures, WI Harper, and Nest.Bio Ventures.The company plans to utilize the funding to support its proprietary platform,
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