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Health IT | News, Analysis, Insights - HIT Consultant

Waste Management Acquires Stericycle in $7.2B Deal

by Fred Pennic 06/03/2024 Leave a Comment

Waste Management Acquires Stericycle in $7.2B Deal

What You Should Know:  - Waste Management, Inc. (NYSE: WM) and Stericycle (NASDAQ: SRCL) announced today a definitive agreement for WM to acquire Stericycle for $62.00 per share in cash.  - This translates to a total enterprise value of approximately $7.2B, including Stericycle's net debt of $1.4B. The offer represents a 24% premium over Stericycle's 60-day volume-weighted average stock price before a potential sale was reported publicly. Stericycle: A Leading Player in
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BD Acquires Edwards Lifesciences’ Critical Care Unit for $4.2B to Strengthen Smart Connected Care Portfolio

by Fred Pennic 06/03/2024 Leave a Comment

BD Acquires Edwards Lifesciences' Critical Care Unit for $4.2B to Strengthen Smart Connected Care Portfolio

What You Should Know:  - Becton, Dickinson and Company (BDX: NYSE), a global leader in medical technology, announced today a definitive agreement to acquire Edwards Lifesciences' (EW: NYSE) Critical Care product group for $4.2 billion in cash.  - The strategic acquisition unlocks new opportunities for value creation and bolsters BD's portfolio of smart connected care solutions. Critical Care: A Leader in Advanced Monitoring Solutions The acquisition of Critical Care
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Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care

by Fred Pennic 06/03/2024 Leave a Comment

Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care

What You Should Know:  - UltraSight, a leader in transforming cardiac imaging with artificial intelligence, announced a new collaboration with Mayo Clinic, a world-renowned medical center.  - UltraSight and Mayo Clinic will work together to develop algorithms for analyzing and interpreting cardiac ultrasound images captured using point-of-care ultrasound (PoCUS) devices. This collaboration seeks to create a comprehensive solution that provides decision support for healthcare
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Deloitte Acquires End Point’s Disease Surveillance Business, CasePointer

by Fred Pennic 06/03/2024 Leave a Comment

Deloitte Acquires End Point's Disease Surveillance Business, CasePointer

What You Should Know:  - Deloitte announced today the acquisition of substantially all assets of End Point's industry-leading disease surveillance business, CasePointer. This strategic move strengthens Deloitte's Public Health Transformation team with experienced professionals and enhances its capabilities in supporting public health agencies. - Deloitte is only acquiring assets related to End Point's CasePointer business. End Point will retain all other aspects of its
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Why a FHIR-Only Approach to Advance Interoperability Won’t Work Today

by Bevey Miner EVP, Healthcare Strategy & Policy for Consensus Cloud Solutions 06/03/2024 Leave a Comment

Why a FHIR-Only Approach to Advance Interoperability Won’t Work Today

There’s been a strong push for a FHIR standard for information sharing in healthcare. Although a standard built on application programming interfaces (APIs) using data standards like FHIR is a step in the right direction, in today’s healthcare ecosystem, there’s a broader impact to consider.  The industry avoided a major health equity setback when the U.S. Department of Health and Human Services (HHS) Office of National Coordinator (ONC) nixed prescriptive language in the HTI-1 rule,
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Hospitals See Strong Financial Performance in April, Despite Rising Expenses

by Fred Pennic 06/03/2024 Leave a Comment

Hospitals See Strong Financial Performance in April, Despite Rising Expenses

What You Should Know:  - U.S. hospitals and health systems continued to experience positive financial performance in April, with patient demand and revenues rising for the 12th consecutive month, according to new data from Strata Decision Technology. - While hospitals and health systems experienced positive financial performance in April, rising expenses remain a concern. Continued monitoring of these trends will be crucial for understanding the overall health of the healthcare
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J.D. Power Study Reveals Growing Gap in Commercial Health Plan Satisfaction

by Fred Pennic 06/03/2024 Leave a Comment

J.D. Power Study Reveals Growing Gap in Commercial Health Plan Satisfaction

What You Should Know:  - The J.D. Power 2024 U.S. Commercial Member Health Plan Study, released, highlights a significant gap in customer satisfaction between different health insurance providers. While overall satisfaction has increased slightly, the difference between the top and bottom-ranked plans has widened significantly. - The study, now in its 18th year, surveyed nearly 30,000 commercial health plan members across 22 regions. It measures satisfaction based on eight core
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Mayo Clinic to Deploy Virtual Platform for Enhanced Nurse Education Materials

by Syed Hamza Sohail 05/31/2024 Leave a Comment

Mayo Clinic to Deploy Virtual Platform for Enhanced Nurse Education Materials

What You Should Know: -              Kahuna, the leading skills and competency management software, has entered into a copyright and know-how agreement with Mayo Clinic to deploy a virtual platform for enhanced nurse education materials. -              Kahuna’s competency management platform combined with Mayo Clinic’s TSAM® Orientation Model will generate
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Children’s Minnesota Deploys On-Demand Nursing Solution

by Syed Hamza Sohail 05/31/2024 Leave a Comment

Children's Minnesota Deploys On-Demand Nursing Solution

What You Should Know: -              ShiftMed, the leader in On Demand workforce technology, announces its partnership with Children’s Minnesota, an award-winning healthcare system delivering high quality pediatric healthcare. -              ShiftMed will provide Children's Minnesota access to its integrated platform and extensive network of local, qualified
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Plenful Secures $17M to Scale AI-Powered Pharmacy Operations Tool

by Syed Hamza Sohail 05/30/2024 Leave a Comment

Plenful Secures $17M to Scale AI-Powered Pharmacy Operations Tool

What You Should Know: -              Plenful, an AI workflow automation platform streamlining pharmacy and healthcare operations, today announced a $17M Series A round, increasing its total raised capital to more than $25 million. -              This milestone signifies a meaningful step forward in Plenful's mission to modernize pharmacy operations through
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