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Health IT | News, Analysis, Insights - HIT Consultant

Health Tech VC Firm Flare Capital Partners Closes $350M Fund

by Fred Pennic 04/29/2022 Leave a Comment

Health Tech VC Firm Flare Capital Partners Closes $255M Fund

What You Should Know: - Flare Capital Partners, a Boston-based healthcare technology venture capital firm closes its third fund with $350M, which follows up on its prior two funds raised in July 2019 and the inaugural fund raised in April 2015, respectively. - The most recent fund, establishes Flare Capital Partners as one of the largest, independent, early-stage venture capital firms dedicated to healthcare technology. “When we started the firm in 2014, over $4.5 billion was invested
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AWS Awards Arine Grant to Develop Solutions to Reduce Health Inequity

by Jasmine Pennic 04/28/2022 Leave a Comment

AWS Awards Arine Grant to Develop Solutions to Reduce Health Inequity

What You Should Know: - Intelligent medical optimization company Arine has been awarded has been selected for Amazon Web Services' (AWS) $40M global program supporting organizations that are developing solutions to reduce health inequities. The latest funding will be used to support NotiSphere's hiring to expand adoption across the industry and enable scalability to support the rapidly growing number of users. - Arine’s proprietary tech platform analyzes comprehensive data from across the
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CareCloud Adds Chronic Care Management Service to its Digital Health Portfolio

by Fred Pennic 04/27/2022 Leave a Comment

CareCloud Launches All-New Interoperability and Data Exchange Solution for Healthcare Organizations

What You Should Know: - CareCloud, Inc., a healthcare technology solutions provider for medical practices and health systems nationwide, has announced its new offering, CareCloud Wellness for chronic care management as part of its growing suite of digital health solutions that help providers enhance patient care and revenue streams.  - CareCloud Wellness gives practices the means to easily participate in the government’s
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Former OptumRx CEO Launches Waltz Health with $33M to Lower Drug Costs

by Digital Health Funding 04/26/2022 Leave a Comment

Former OptumRx CEO Launches with $33M to Low Drug Costs

What You Should Know: - Mark Thierer -- the former CEO of OptumRx who took that role after selling Catamaran to UnitedHealth Group for $13B, today announced the launch of Waltz Health with $35.4M led by GV (Google Ventures) including participation from Define Ventures, Echo Health Ventures, Blue Venture Fund, Byers Capital, and Twine Ventures. Other funding came from a prestigious list of seasoned healthcare executives. - Waltz Health plans to
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Fathom Receives Strategic Investment for Medical Coding Automation Platform

by Digital Health Funding 04/26/2022 Leave a Comment

Fathom Receives Strategic Investment for Medical Coding Automation Platform

What You Should Know: - Fathom, the first medical coding automation company to receive an investment from a national physician group, Inflect Health the innovation hub of Vituity and one of the largest physician-led provider groups in the United States.  - Fathom will also leverage Vituity’s expertise in the revenue cycle as it refines the Fathom platform to alleviate staffing challenges, reduce denials and mitigate audit risk. Fathom is the only medical coding platform that can fully and
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Enlyt Health Secures $10M to Expand Healthcare Digital Front Door

by Digital Health Funding 04/26/2022 Leave a Comment

Enlyt Health Secures $10M to Expand Healthcare Digital Front Door

Transform Patient Engagement with a Digital Front Door from Ryan Blachly on Vimeo. What You Should Know: - Enlyt Health, a St. Petersburg, FL-based low code platform for healthcare digital front door raises $10M in Series A funding led by Meritage Partners.  Enlyt Health has several well-known Health Systems already live on the platform providing patients the needed access and tools to better their overall health journey. - Enlyt Health helps organizations build Digital Front Doors
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CareLinx by Sharecare Forms Clinical Advisory Board for Home Health Platform

by Jasmine Pennic 04/26/2022 Leave a Comment

Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M

What You Should Know: - Sharecare, the digital health company that helps people manage all their health in one place, today announced the formation of a clinical advisory board for its home health platform and network of caregivers, CareLinx by Sharecare. - The aim of the board is to help shape the clinical care offering from CareLinx as well as our nurse retention and recruiting efforts, so we’ve appointed 10 leaders across the nursing field – military, private practice, academia,
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3 Steps to Approach & Tackle Digital Transformation in Healthcare

by Michael Norring, President and CEO of GCSIT 04/26/2022 Leave a Comment

3 Steps to Approach & Tackle Digital Transformation in Healthcare

Artificial intelligence (AI) is predicted to save the US healthcare economy $150 billion by 2026. Replacing legacy systems and changing standard operating procedures, hospitals are moving to capitalize on technology and the ways it can change a historically hesitant to change sector. The big question is how fast teams are going to implement changes.  Healthcare leadership recently reported that their organizations are 60% through their digitalization journey. IT leaders must be leading
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BCBS of Michigan Launches Joint Venture with Honest Medical Group

by Fred Pennic 04/25/2022 Leave a Comment

BCBS of Michigan Launches Joint Venture with Honest Medical Group

What You Should Know: - Blue Cross Blue Shield of Michigan (BCBSM) today announced a joint venture with Nashville-based Honest Medical Group to offer physicians comprehensive operational, clinical, and financial support for shared accountability Medicare contracts. - The joint venture is the first of its kind for BCBSM and aligns with the organization's continued expansion of Blueprint for Affordability, its member-focused, value-based care and payment
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Kyruus and Upfront Partner to Maximize Digital Patient Acquisition and Retention

by Jasmine Pennic 04/25/2022 Leave a Comment

Kyruus and Upfront Partner to Maximize Digital Patient Acquisition and Retention

What You Should Know: - Kyruus, a provider search and scheduling solutions for healthcare organizations, and Upfront, preeminent patient communication and engagement platform, today announced a new partnership to help healthcare organizations drive patient acquisition, activation, and retention. - The combination of both platforms allows healthcare organizations to create better digital experiences for their patients using Kyruus’ powerful provider search, match, and scheduling
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