What You Should Know:
- Tomorrow Health, the leading patient-first platform for home healthcare, announced it has closed a $25 million Series A round of funding led by Andreessen Horowitz with participation from Obvious Ventures and BoxGroup. The company recently announced a partnership with Geisinger Health Plan (GHP) to provide more than half a million patients with access to curated home durable medical equipment (DME) and supplies.
- Founded in 2018, Tomorrow Health streamlines the
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Health IT | News, Analysis, Insights - HIT Consultant
Modernizing Medicine Acquires Podiatry EHR Platform TRAKnet
What You Should Know:
- Specialty EHR vendor Modernizing Medicine has acquired TRAKnet and other assets from podiatric electronic health records (EHR) vendor NEMO Health. The announcement follows Modernizing Medicine’s acquisition of the SammyEHR Podiatry platform last year, further solidifying Modernizing Medicine’s position as a market leader in podiatry.
- Modernizing Medicine plans to accelerate innovation and bring advanced EHR, practice management, and
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Adventist Health, OSF HealthCare Use CancerIQ to Prioritize Patients for Preventive Cancer Screenings
What You Should Know:
- As the nation braces for a rise in advanced stage cancer diagnoses due to the COVID-19 pandemic, two leading health systems – Adventist Health and OSF HealthCare – are using CancerIQ’s precision prevention platform and telehealth to equitably prioritize high-risk patients for screening and identify cancer in its earliest stages.
- Clinicians to present at National Consortium of Breast Center conference on
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What Will It Take for Hospitals to Survive the Pandemic?
On New Years Eve, just as the Covid-19 outbreak in Los Angeles was at its worst, all 451 of Olympia Medical Center’s exhausted employees learned they would soon lose their jobs. After 74 years, the hospital closed for good on March 31st, leaving residents of the surrounding community — poor and mostly people of color — without a place to see a doctor.
And it isn’t the only hospital closing.
At least 47 hospitals have closed or filed for bankruptcy in the last year, and there will
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Olive Acquires Surgical Analytics Platform Empiric Health – M&A
What You Should Know:
- Olive AI, the company delivering innovation to healthcare through artificial intelligence (AI), today announced the acquisition of Empiric Health, an AI-powered clinical analytics company that focuses on identifying unwarranted clinical variation, improving patient outcomes and increasing the affordability of surgery.
- Empiric's technology was initially developed at Intermountain Healthcare. In 2017, Intermountain Ventures spun out the Empiric technology and
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Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers
What You Should Know:
- Boston-based health IT company Cohere Health has closed a $36 million Series B funding round led by Polaris Partners, with additional participation from new investors Longitude Capital and Deerfield Management, as well as existing investors Flare Capital Partners and Define Ventures. The round comes less than a year after the company launched, and only 3 months after a Series A extension.
- Cohere Health’s AI-based, fully
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Transparent Health Marketplace Raises $30M for Worker’s Compensation Platform
What You Should Know:
- Today Transparent Health Marketplace, Inc. (THM) has announced a $30 million Series C led by ARTIS Ventures to implement a completely different approach to workers’ compensation and healthcare – using proven marketplace technology that positively transformed travel, finance and other industries.
- New investors in the round include Phase 2 Partners, combined with significant participation from existing institutional and individual investors. The latest funding
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Health2047 Spins Out Emergence Healthcare Group to Empower Independent Physician Practices
What You Should Know:
- Health2047, the innovation arm of the American Medical Association, today announced the spinout of a new company, Emergence Healthcare Group, that offers the first turnkey practice solution designed to enable greater physician autonomy by relieving them of administrative burdens and financial pressures intrinsic to today’s private practice.
- Emergence Healthcare Group provides physicians more time to focus on the health and well-being of their patients,
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PHINs: Addressing the Fundamental Flaws that Have Broken Healthcare
The fundamental problem with healthcare can be summed up in one sentence: We expect healthcare services that cater to our individual needs, yet the health care system operates under a one-size-fits-all, trial-and-error model. It is a model that results in missed diagnoses, protracted illnesses, and even premature death and wastes $935 billion annually.
The financial toll of this outmoded approach pales in comparison to the human toll. More than 128,000 people in the U.S. die each year
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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