Medsphere Systems Corporation, a provider of affordable and flexible health IT platform solutions for mental health providers, and nationally recognized Silver Hill Hospital today voiced support for current efforts in Congress to overhaul America’s fractured mental health care system. Medsphere and Silver Hill see both the Mental Health Reform Act of 2015, recently introduced by Senators Chris Murphy (D-CT) and Bill Cassidy (R-LA), and the companion Helping Families in Mental Health Crisis Act,
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Healthcare Analytics Market to Reach $18.7B by 2020
The global healthcare analytics market is expected to reach $18.7 Billion by 2020 from $5.8 Billion in 2015, according to a new market research report by MarketsandMarkets. Among end users, the healthcare providers segment is expected to grow at the highest CAGR during this forecast period. The demand in this market is highly driven by federal mandates such as the implementation of EHRs and ICD-10 code sets, shift towards value-based medicine, and the increased focus on quality care and reduced
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Zephyr Health Raises $17.5 M for Next Generation Solutions for Life Sciences
Zephyr Health, an enterprise solutions provider harnessing the power of Healthcare Data to address critical business and patient needs has raised $17.5 million in Series C funding. The funding round was led by Google Venture including existing investors Kleiner Perkins Caufield & Byers and Icon Ventures. To date, the company has raised a total of $33.5 million in funding.
Founded in 2011 by William King, Zephyr Health is the leading insights-as-a-service company harnessing the power of
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Leidos Awarded $900M U.S. Army Medical Research Contract
After winning the DoD EHR Modernization contract with Cerner, Leidos has been awarded a prime contract by the U.S. Army to provide medical product and research development to the U.S. Army Medical Research and Materiel Command (USAMRMC). The USAMRMC develops, acquires, provides, and sustains world-class solutions and capabilities to enable medical readiness globally.The multiple-award indefinite-delivery/indefinite-quantity contract has a five-year base period of performance, five-one year
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Practice Fusion Appoints Interim CEO, Replacing Ryan Howard to Drive Next Phase of Growth
Practice Fusion, a cloud-based EHR platform for doctors and patients has appointed Tom Langan, the current chief commercial officer, as interim CEO of the company, replacing Ryan Howard who will assume the position of Chairman of the Board. While the move to replace Howard seems abrupt, the Board of Directors felt the leadership transition was the best step to help the company accelerate commercial growth of its EHR platform.
Tom Langan joined Practice Fusion from Symphony Health Solutions,
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Report: Consumers Are Willing to Share Health Data for Insurance Discounts
Consumer willingness to share their personal health data in exchange for a health insurance discount varies by device used, ranging from 42% of digital pedometer owners to only 26% of those with a sleep-quality monitor, according to recent Digital health research from Parks Associates. Among smart watch owners, 35% are willing to share data from their device for a health insurance discount. Parks Associates report, Digitally Fit: Products and Services for Connected Consumers assesses consumer
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Infographic: Healthcare IT’s Transformation Journey
The need to reduce costs while caring for an aging population has led to sweeping changes in everything from how patients choose insurers to how doctors are reimbursed and medical records are stored and shared. As a result, the pressures on today’s healthcare CIOs and the data centers they manage are building. Mergers and acquisitions are packing more technology into tighter spaces, growing computational demands are creating crowded equipment racks, and staggering power and cooling requirements
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Emdeon Closes $910M Acquisition of Altegra Health
Emdeon Inc. has closed its $910M acquisition of Altegra Health, a national provider of technology and intervention platforms that combine data aggregation and analytics with unique member engagement and reporting capabilities to achieve actionable insights and improved management for value-based healthcare. The acquisition combines Altegra Health’s risk adjustment and quality analytics platform with Emdeon’s Intelligent Healthcare Network™, revenue cycle technology and payment solutions,
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Dispatch Health Raises $3.6M for Mobile Healthcare Delivery
Mobile health delivery startup, Dispatch Health has raised $3.6 million in seed funding to expand its current services, as well as to administer onsite, advanced medical care, improve outcomes and reduce healthcare costs. The Denver, Colorado-based company uses mobile cars staffed by acute care clinicians, equipped with a CLIA-certified lab, medical equipment, medications and IV’s, WiFi connectivity providing access to the health information exchange, and a network of established mobile
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Accenture: Half of Digital Health Startups Fail Within 2 Years of Launch
While digital health and healthcare IT startup funding is accelerating at a record pace, more than half of digital health startups funded between 2008 and 2013 are not likely to survive longer than 20 months, according to a new report from Accenture. The report finds that the imminent rise of these "zombie digital health startups" will lead to larger healthcare companies acquiring these startups to help drive growth by infusing top talent, fueling innovation and
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