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Health IT | News, Analysis, Insights - HIT Consultant

Analysis: 2022 Semi-Annual Health IT Market Review

by Healthcare Growth Partners 07/29/2022 Leave a Comment

HGP Releases its July 2022 Semi-Annual Health IT Market Review

Executive Summary Act III of COVID: Navigating the Crosscurrents of Post-Inflation 2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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AmerisourceBergen Launches EHR-Integrated Digital Therapeutics Platform

by Fred Pennic 07/29/2022 Leave a Comment

AmerisourceBergen Launches EHR-Integrated Digital Therapeutics Platform

What You Should Know: This week, AmerisourceBergen announced plans to launch DTx Connect, a fully integrated ordering, dispensing and fulfillment platform that aims to facilitate patient access to physician-ordered digital therapeutics and diagnostics. - Several developers plan to pilot DTx Connect, which aims to reduce barriers that physicians and patients face across the ordering and fulfillment of digital therapeutics and diagnostics. Digital Therapeutics Market
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Health Data Privacy: Majority of Patients Demand Accountability, Transparency

by Syed Hamza Sohail 07/28/2022 Leave a Comment

Health Data Privacy: Majority of Patients Demand Accountability, Transparency

What You Should Know: - A new examination of patient perspectives on health data privacy illustrates unresolved tension over the eroding security and confidentiality of personal health information in a wired society and economy. - More than 92% of patients believe privacy is a right and their health data should not be available for purchase, according to a survey released by the American Medical Association (AMA). Privacy and Health Information Accessibility The survey of 1,000
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GDIT Awarded $10B Medical Research & Development Contract by the Defense Health Agency

by Jasmine Pennic 07/28/2022 Leave a Comment

GDIT Awarded $10B Medical Research & Development Contract by the Defense Health Agency

What You Should Know: - General Dynamics Information Technology (GDIT), a business unit of General Dynamics has been awarded the Omnibus IV Medical Research and Development contract by the Defense Health Agency (DHA). The multiple-award, indefinite-delivery/indefinite-quantity contract (IDIQ) has a total ceiling of $10B with a five-year base period and one five-year option.  - The DHA enables the U.S. Army, Navy, and Air Force medical services to provide a medically ready force to
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ClaimLogiq Acquires SyTrue for Better Clinical, Coding, & Medical Reviews

by Fred Pennic 07/27/2022 Leave a Comment

SyTrue

What You Should Know: - Payment integrity tech provider ClaimLogiq acquires SyTrue, a provider of healthcare natural language processing (NLP) technology. Financial details of the acquisition were not disclosed. - The acquisition combines the premier payment integrity platform with the leading NLP technology solution to transform how health plans address payment integrity, risk adjustment and data management. By combining their technologies, the market will have a new seamless and cohesive
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Mayo Clinic, Mercy Sign 10-Year Collaboration to Transform Patient Care

by Syed Hamza Sohail 07/27/2022 Leave a Comment

What You Should Know: - Mayo Clinic and Mercy announced a 10-year collaboration agreement— a first-of-its-kind alliance between two large healthcare systems that will use the most current data science and years of deidentified patient outcomes to find diseases earlier and start patients on paths to better health more quickly. - With the combination of privacy-protected, cloud-based technology architecture, and the growth of artificial intelligence and machine learning, this aggregated
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Primary Care EHR Elation Health Raises $50M to Support Independent Primary Care Practices

by Syed Hamza Sohail 07/27/2022 Leave a Comment

Elation Health Nabs $40M for Clinical-First Solution to Power Independent Primary Care

What You Should Know: - Elation Health, the clinical-first technology company powering innovation in primary care, announced a Series D financing round of $50M. The Series D round was co-led by Generation Investment Management and Ascension Ventures with participation from Threshold Ventures, Ascend Partners, and individual investors including Fay Rotenberg and Jonathan Bush. This new round brings Elation Health to $108.5M in total venture funding to date. -
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RLDatix Acquires Galen Healthcare Solutions

by Fred Pennic 07/26/2022 Leave a Comment

RLDatix Acquires Galen Healthcare Solutions

What You Should Know: - RLDatix, the international leader in governance, risk and compliance (GRC) solutions for healthcare, announced today the acquisition of Galen Healthcare Solutions (Galen), the market leader in implementation, optimization, data migration and archival solutions for HIT systems. - The Galen acquisition will enable RLDatix to help organizations meet regulatory requirements for data retention while also ensuring continuity of care for patients throughout their
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Theator Raises $39.5M for AI-Driven Surgical Intelligence Platform

by Syed Hamza Sohail 07/25/2022 Leave a Comment

Theator Nabs $15.5M to Scale AI-Driven Surgical Intelligence Platform

What You Should Know: - Theator, the first-of-its-kind AI-driven Surgical Intelligence Platform, announced that it has extended its Series A funding round by $24M, bringing the round’s total to $39.5M - The extension was led by Insight Partners with support from existing investors including Blumberg Capital, Mayo Clinic, NFX, StageOne Ventures, iAngels, and former Netflix Chief Product Officer Neil Hunt. In addition, new growth investors including iCON and TripActions’ CEO and Co-founder
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Health Note Raises $17M for Pre-Clinical Intake Automation Platform

by Syed Hamza Sohail 07/25/2022 Leave a Comment

Health Note Raises $17M for Pre-Clinical Intake Automation Platform

What You Should Know: - Health Note, the pre-clinical intake automation platform that uses digital patient intake to prepare clinical notes for providers ahead of patient visits, announced the close of a $17M Series A financing round led by SignalFire. SignalFire is joined by UnityPoint Health, Northwell Health Holdings, the for-profit arm of Northwell Health focused on investment in early stage/growth opportunities, strategic partnerships and the cultivation of internal innovations that
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