What You Should Know:
- Kodiak Solution announced the appointment of Ankit Sharma as its first Chief Technology Officer (CTO).
- Sharma will lead Kodiak's product strategy and engineering initiatives, bringing over a decade and a half of experience in serving healthcare revenue cycle management (RCM) teams.
Sharma Bio/Background
Sharma joins Kodiak Solutions from Millennia, a patient payment solution provider for healthcare organizations, where he served as CTO
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Health IT | News, Analysis, Insights - HIT Consultant
Proscia Secures $50M to Accelerate AI-Driven Digital Pathology
What You Should Know:
- Proscia, a software company focused on digitizing and applying AI to pathology, has announced a $50M funding round, bringing its total capital raised to $130M.
- The funding, led by Insight Partners, AI Capital Partners, and Triangle Peak Partners, will be used to further expand the adoption of Proscia's platform, integrate more AI capabilities, and leverage strategic OEM partnerships with industry giants like Agilent Technologies and Siemens
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AdvancedMD Appoints New CEO and CFO Following Francisco Partners Acquisition
What You Should Know:
- AdvancedMD, a provider of cloud-based healthcare software for independent medical practices, has announced significant leadership changes following its acquisition by Francisco Partners, which closed in December 2024.
- Amanda Sharp has been promoted to Chief Executive Officer, and Bryan Hunt has joined the company as Chief Financial Officer.
Amanda Sharp Bio/Background
Amanda Sharp, who has been instrumental in AdvancedMD's growth and strategy,
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CityMD Partners with Notable to Enhance Urgent Care Experience with AI Automation
What You Should Know:
- Notable, a healthcare AI platform focused on boosting workforce productivity, has announced a strategic partnership with CityMD, the largest urgent care provider in New York and New Jersey.
- The collaboration will see CityMD deploy Notable’s AI and automation technology across its network of over 180 locations, aiming to improve patient access, streamline operations, and alleviate the administrative burden associated with walk-in care.
Transform
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Canvas Medical Launches Hyperscribe, an Open Source AI Copilot for Clinicians
What You Should Know:
- Canvas Medical, the EMR company accelerating everyday medicine, today announced the launch of Hyperscribe, an open source artificial intelligent (AI) copilot that uses ambient audio to write clinical documentation and orders collaboratively with other AI agents.
- Built with the Canvas software development kit (SDK), Hyperscribe leverages instant access to complete patient medical data, continuous real-time event streams and agentic control of the Canvas
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Using AI to Drive Strategic Surgical Growth in Hospital Operations
Perioperative services at better-performing hospitals can contribute up to 68% of a hospital’s revenue, and up to 60% of a hospital’s operating margin. So, it’s not surprising that health system executives are laser-focused on increasing efficiency and utilization.
However, in the pursuit of higher profit margins, many executives are committing a fatal flaw that actually limits their opportunity to foster sustainable, significant expansion: pinning their growth goals on a hope strategy,
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5 Million Adults Could Lose Medicaid Under Work Requirements in 2026
What You Should Know:
- Proposed work requirements for Medicaid could lead to millions of Americans losing their health insurance, according to a new analysis by the Urban Institute with support from the Robert Wood Johnson Foundation.
- The analysis projects that 4.6 to 5.2 million adults living in states that expanded Medicaid could lose their coverage in 2026 if work requirements are enacted.
Key Findings
Researchers caution that if work requirements were applied to
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Bharat Sundaram Named CEO of Hallmark
What You Should Know:
- Hallmark, a prominent healthcare workforce management technology company, has announced the appointment of Bharat Sundaram as its new Chief Executive Officer.
- Sundaram succeeds Bruce Cerullo, who will remain on the Board of Directors and serve as a Strategic Advisor to the company.
Sundaram Bio/Background
Bharat Sundaram is described as a seasoned healthcare technology executive with extensive experience gained from roles at Vizient,
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Nimblemind.ai Secures $2.5M for AI-Powered Data Infrastructure Platform
What You Should Know:
- Nimblemind.ai, an innovative AI-powered data infrastructure platform secures $2.5M in funding led by Bread & Butter Ventures, with participation from prominent investors including Great Oaks Venture Capital, SpringTime Ventures, Stone Mountain Ventures, Victorum Capital, Techstars, and strategic healthcare angel investors.
- The funding will enable Nimblemind.ai to further develop its technology and expand its reach, making healthcare data
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Walgreens PE Buyout Heavily Reliant on 83% Debt, Raising Concerns About Financial Stability
What You Should Know:
- The recent acquisition of Walgreens Boots Alliance by private equity firm Sycamore Partners is drawing scrutiny due to the high level of debt financing involved and questions surrounding Sycamore's equity commitment.
- According to a Securities and Exchange Commission (SEC) filing, 83.4% of the financing for the Walgreens buyout is debt, totaling $22.5B. This is more than double the average debt level (41%) used in private equity acquisitions last
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