What You Should Know:
- TailorMed Medical Ltd., a New York City-based patient financial navigation technology company, today announced a $20 million investment led by Providence Ventures. The round included new investors UnityPoint Health Ventures, Almeda Ventures, Bridges Israel and Discount Capital with participation from existing investors Accelmed, Sanara Ventures and Triventures.
- Founded in 2016, TailorMed is focused on ensuring patients get the care they need in a difficult
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Health IT | News, Analysis, Insights - HIT Consultant
33% of Hospital Execs Reported Average Denial Rates of More than 10%
What You Should Know:
According to a recent survey of over 130 hospital executives across the nation, the average denials rate is between 6% and 13%, and over 1/3 of hospital reimbursement executives surveyed responded that their organizations are nearing the denials danger zone of 10%.
The key findings from Harmony Healthcare reflects the need for stronger denials prevention and recovery solutions. Research shows that approximately 85% of denials are preventable, but
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CAQH, EHNAC Partner to Provide Incentives for FHIR App Developers to Become Accredited
What You Should Know:
- CAQH and the Electronic Healthcare Network Accreditation Commission (EHNAC) have partnered to provide incentives for application developers participating in the CAQH Endpoint Directory to become accredited through the Trusted Dynamic Registration and Authorization Accreditation Program (TDRAAP) from EHNAC and UDAP.org, publisher of the Unified Data Access Profiles.
- TDRAAP accreditation affirms an app’s technical
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PE Firm Warburg Pincus Makes Minority Investment in GHX, Thoma Bravo Exits
What You Should Know:
- GHX, a healthcare supply chain leader announced it has entered into a definitive agreement to receive a strategic investment from private equity firm Warburg Pincus. As part of this transaction, minority investor Thoma Bravo has exited its investment. Existing investor Temasek, an investment company headquartered in Singapore, will remain the majority equity holder.
- GHX has employees in the United States, Canada and Europe and is known for operating the largest
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Finetuning Quality Measure Reporting to Perform Like Professional Athletes
Healthcare organizations deal with a seemingly endless list of demands, including expanding access to care, financial sustainability, staffing shortages, rigorous data security, government regulations and quality improvement initiatives. Many organizations can operate at full speed and still find they cannot keep up with all the demands.
Quality programs facilitated by CMS and commercial health plans provide critical funding to support healthcare operations. They require diligent data
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Ensemble Acquires Digital Patient Communications Platform Odeza – M&A
What You Should Know:
- Ensemble Health Partners (“Ensemble”), a provider of end-to-end revenue cycle management, announced today it has acquired Odeza, an all-in-one digital consumer communications platform that integrates with leading EHR platforms to unify, simplify and automate patient interactions. Financial details of the acquisition were not disclosed.
- The integration of this innovative technology into Ensemble’s proprietary revenue cycle platform, Ensemble IQ, will provide
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CareCloud Acquires Health IT Consulting Firm MedMatica – M&A
What You Should Know:
- CareCloud today announced it has acquired Santa Rosa Staffing, Inc. and the assets of MedMatica Consulting Associates, Inc., through the closing of an Asset and Stock Purchase Agreement. Financial details of the acquisition were not disclosed.
- The acquisition reflects CareCloud’s continued expansion into the hospital and health system market, through its acquisition of industry leading businesses that provide IT consulting, strategic advisory services and
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Aunt Bertha Secures $27M to Expand Referral Platform for Social Services
What You Should Know:
Today, Aunt Bertha, the nation’s leader in closed-loop social care networks and the company behind findhelp.org, announced it has raised an additional $27M in investment funding led by Warburg Pincus, had significant participation from existing investors including Pershing Square Foundation, Techstars Ventures, Noro-Moseley Partners, Digitalis Ventures and The Social Entrepreneurs’ Fund (TSEF).
- The financing will enable Aunt Bertha to enhance its
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Innovaccer and PatientPing Partner for Real-Time Care Coordination
What You Should Know:
- Innovaccer, today announced a strategic partnership with PatientPing, a real-time care coordination platform.
- As part of the partnership, Innovaccer will become a reseller of Pings, PatientPing’s real-time notification solution, which will be embedded directly within the Innovaccer Health Cloud. This will enable providers to improve care delivery outcomes, simplify care navigation and throughput, reduce out-of-network utilization, and succeed under value-based
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HHS Launches VC Partnership to Develop Solutions to Prevent Future Pandemics, Public Health Emergencies
What You Should Know:
- The U.S. Department of Health and Human Services (HHS) launches a new $50M venture capital partnership with nonprofit organization Global Health Investment Corporation (GHIC) to accelerate development and commercialization of technologies and medical products needed to respond to or prevent public health emergencies, such as pandemics, and other health security threats
- Through the BARDA Ventures program, the Biomedical Advanced Research and Development
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