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Health IT | News, Analysis, Insights - HIT Consultant

TailorMed, AllianceRx Walgreens Prime Collaborate to Reduce Patient Out-of-Pocket Costs

by Jasmine Pennic 07/14/2021 Leave a Comment

TailorMed, AllianceRx Walgreens Prime Collaborates to Reduce Patient Out-of-Pocket Costs

What You Should Know: - TailorMed, a leading financial navigation technology company that helps healthcare organizations remove financial barriers to care, today announced they are collaborating with AllianceRx Walgreens Prime – one of the nation’s largest specialty and home delivery pharmacies.  - TailorMed’s platform will help the organization reduce the burden of specialty therapies for eligible patients by
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VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

by Fred Pennic 07/13/2021 Leave a Comment

VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

What You Should Know: - VisiQuate, Inc., a Santa Rosa, CA-based provider of advanced analytics and AI-powered automation today announced a new $50 million equity investment from Sixth Street Growth. - Founded in 2009, VisiQuate, Inc.’s user-friendly data management and analytics solutions let virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows.   - VisiQuate’s artificial intelligence
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Israeli Startup Aidoc Raises $65M for AI-Powered Medical Imaging Platform

by Jasmine Pennic 07/13/2021 Leave a Comment

Israeli Startup Aidoc Raises $65M for AI-Powered Medical Imaging Platform

What You Should Know: -  Aidoc, a Tel Aviv-based provider of artificial intelligence (AI) solutions for medical imaging, announced it has raised $65M in Series C funding led by General Catalyst, bringing its total funding to $140M. - This Series C round comes on the heels of a surge in demand for Aidoc’s AI-driven solutions, including the largest clinical deployment of AI in healthcare through its partnership with Radiology Partners. - Founded in 2016, Aidoc’s solutions aid
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When Virtual Goes Viral: Post-Covid Software Trends for Small Physician Practices

by Stephen H. Dart, VP of Engineering at AdvancedMD 07/13/2021 Leave a Comment

When Virtual Goes Viral: Post-Covid Software Trends for Small Physician Practices

After the great telehealth rush of 2020, healthcare providers who could offer HIPAA-compliant services while also being able to access their patients’ complete healthcare information remotely, came out ahead of the game. The practices that continued operating their organizations in a way that met the healthcare needs of their patients in a ‘no-beats-missed’ fashion achieved greater patient satisfaction and outcomes due to the continuity of care.  But across the country, this scenario was
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Banjo Health Lands $5M for AI-Driven Prior Authorization Platform

by Jasmine Pennic 07/13/2021 Leave a Comment

Banjo Health Lands $5M for AI-Driven Prior Authorization Platform

What You Should Know: - Banjo Health, a Washington-based provider of AI-driven prior authorization ("PA") solutions, announced today it has raised in excess of $5 million in Series A financing led by Epsilon Health Investors, with participation from Spark Growth Ventures and Tau Ventures. Epsilon Health Investors Co-Founder and General Partner, Gregory Epstein, will be joining Banjo Health's Board of Directors. - Banjo Health is focused on bringing transparency and automation to PA through
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Craneware Completes $400M Acquisition of Sentry Data Systems & Agilum

by Fred Pennic 07/13/2021 Leave a Comment

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics and retail pharmacies. It also complements Craneware’s focus on revenue cycle solutions by adding hospital pharmacy, one of the fastest areas of cost growth in hospitals, with minimal overlap in products and services. - Craneware envisions major opportunities to cross-sell within existing client bases — roughly 1,800 hospitals for Craneware and 550 for Sentry — and huge potential to develop new products and solutions, backed by Sentry and Agilum’s unmatched longitudinal database of more than 147 million de-identified patient records. Based in Edinburgh, Scotland, Craneware operates its U.S. headquarters in Atlanta and also has a development office in Wexford, Pa. Sentry and Agilum are based in Deerfield Beach, Fla.

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics
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HCTec Acquires Talon Healthy IT Services to Expand Managed Services Capabilities

by Fred Pennic 07/12/2021 Leave a Comment

HCTec Acquires Talon Healthy IT Services to Expand Managed Services Capabilities

What You Should Know: -  HCTec, a best-in-class IT services firm serving diverse health systems and healthcare provider organizations, today announced it has completed an acquisition of Talon Healthy IT Services, a managed IT solutions company with service centers in North Carolina and Wisconsin. - The acquisition accelerates HCTec’s growth and expands its managed services capabilities to better serve healthcare providers across the U.S. - Talon Healthy IT Services is a KLAS-rated,
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Moving Beyond EHRs: What Lies Ahead for Healthcare Digitization?

by Chris Ingersoll, Principal Architect at Innovaccer 07/12/2021 Leave a Comment

Moving Beyond EHRs: What Lies Ahead for Healthcare Digitization?

As our economy has become increasingly digitized, we are generating a massive influx of personal data. Across industries, the winning companies are those that have successfully harnessed the value of that data to create unique and personalized experiences for their customers. How we shop, travel, and handle our finances have been entirely transformed in ways that delight, engender loyalty, and generate repeat business. Healthcare, however, has generally lagged behind other consumer industries
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AMA Assigns CPT Code for FDA-Cleared Solution to Treat Amblyopia (Lazy Eye)

by Jasmine Pennic 07/12/2021 Leave a Comment

AMA Assigns CPT Code for FDA-Cleared Solution to Treat Amblyopia (Lazy Eye)

What You Should Know: - RevitalVision today announced that a new CPT reimbursement code for its solution means millions of U.S. adults with amblyopia can now receive the therapeutic vision training they have needed for years. This software is FDA-cleared and clinically proven to improve vision in adult amblyopia. - CPT code numbers provide the most widely recognized pathway to report medical procedures and services for processing claims, conduct research, evaluate
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Imprivata Acquires Privileged Access Management Provider Xton Technologies

by Jasmine Pennic 07/08/2021 Leave a Comment

Imprivata Acquires Privileged Access Management Provider Xton Technologies

What You Should Know: - Imprivata, the digital identity company for healthcare, today announced the acquisition of Xton Technologies, an innovative provider of privileged access management (PAM) solutions. - Founded in 2017, Xton Technologies takes a modern approach to enterprise PAM. The company’s Xton Access Manager (XTAM) software, deployed in just hours, combines all the features of a traditional enterprise-grade solution in one platform with greatly simplified execution and at a
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