What You Should Know:
- AssistIQ, an AI company utilizing computer vision to revolutionize how hospitals manage surgical and procedural supply chains secures $11.5M in Series A funding round led by Battery Ventures, with participation from return investor Tamarind Hill. With this funding, Battery Ventures Principal Brandon Gleklen will join AssistIQ’s Board of Directors.
- The company’s platform is gaining traction across academic and community hospitals, capturing every item used in
Read More
Health IT | News, Analysis, Insights - HIT Consultant
Critical Role of Transitions of Care in Medicare Advantage Success
The Medicare Advantage (MA) market is at a tipping point, with more than half of all seniors enrolled in an MA plan for their healthcare. Utilization of services is skyrocketing and the Centers for Medicare and Medicaid Services (CMS) has increased pressure to deliver supplemental benefits in a high-quality, low-cost and reportable manner.
As enrollment continues to grow, how health plans are paid — and how much —will be central to the debate over the efficiency and sustainability of
Read More
Coalesce Capital Acquires Majority Stake in DAS Health
What You Should Know:
- Coalesce Capital (“Coalesce”), a private equity firm focused on investing in human capital-driven and technology-enabled services companies announced it has acquired a majority stake in DAS Health Ventures (“DAS Health”), a provider of healthcare IT and business solutions.
- Sheridan Capital Partners (“Sheridan”), which first invested in DAS Health in 2021, will retain a minority ownership position and continue to support the company’s ongoing growth
Read More
Rural Healthcare Challenges: How AI & Telemedicine Can Improve Access
With tight-knit communities, strong traditions, and a deep sense of resilience, rural America is a key piece of our nation’s fabric. Yet, for many people living in these areas—one in five Americans—getting basic healthcare can be an uphill battle. Limited hospital options, provider shortages, and economic struggles can make what should be routine checkups feel like monumental tasks.
Ensuring equitable access to care across the nation is a critical goal. While technology offers
Read More
Smith+Nephew Awarded $75M DoD Contract to Supply Advanced Wound Therapy Systems
What You Should Know:
- Global medical technology company Smith+Nephew has been selected to provide its RENASYS◊ TOUCH Negative Pressure Wound Therapy (NPWT) Systems to the U.S. Department of Defense (DoD).
- The single-award contract, facilitated through the Defense Logistics Agency (DLA), spans 10 years and is valued at up to $75M.
- The agreement will equip military medical providers with an advanced solution for managing complex wounds across various stages of care, from
Read More
Mochi Health Launches Insurance-Based Plans, Expanding Access to Personalized Obesity Care with Behavioral Therapy
What You Should Know:
- Mochi Health, a physician-guided obesity care program, announced the launch of its new insurance-based plans.
- These expanded offerings are designed to provide more personalized treatment experiences for patients, placing a strong emphasis on comprehensive obesity care that spans all aspects of an individual's health.
- The new insurance-based plans are available as an optional upgrade to Mochi’s existing offerings. They provide patients with access
Read More
Streamlining Hospital Discharge: How Technology Can Solve Readmission Challenges
Hospital discharge is a make-or-break moment in patient care, yet it is one of the most challenging aspects of healthcare delivery. A poorly executed discharge can result in confusion, medication errors, and, ultimately, costly hospital readmissions. For healthcare organizations focused on value-based care, improving discharge procedures is essential for enhancing patient outcomes, ensuring seamless care transitions, and reducing financial costs.
The good news is that hospital readmissions
Read More
Experity Launches AI-Powered Partner Ecosystem to Modernize Urgent Care Tech Infrastructure
What You Should Know:
- Experity, an on-demand healthcare solution provider serving 22 of the 25 largest enterprise urgent care organizations in the U.S. launches its innovative Partner Ecosystem.
- The initial rollout of AI-driven capabilities and resources within Experity’s software platform signifies a strategic investment aimed at evolving the landscape of urgent care by enhancing efficiency, creating new profit opportunities for clinics, and expanding the human impact of
Read More
WorkDone Secures $1.8M to Tackle EHR Documentation Errors with AI Copilot
What You Should Know:
- WorkDone, a healthcare AI startup closes $1.8M in pre-seed funding round aimed at tackling one of healthcare's most costly and persistent challenges: documentation errors in Electronic Health Records (EHRs).
- The round, which took place in April this year, saw backing from Pioneer Fund, DVC, Fjor, Ryan Chan, Eric Norman, and other notable early-stage investors.
Addressing a Costly Challenge in Healthcare Documentation
Inaccurate or incomplete
Read More
VA Awards Third Option Period to Oracle Health for EHR Modernization Project
What You Should Know:
- The U.S. Department of Veterans Affairs (VA) announced last week it has awarded the third option period for its contract with Oracle Health to continue supporting its Federal Electronic Health Record (EHR) modernization initiative, VA News first reports.
- The award supports VA Secretary Doug Collin’s ongoing efforts to steer the EHR modernization project back on track and accelerate deployments across the enterprise. This initiative is also in line with
Read More
