How much larger a percentage of U.S. gross domestic product (GDP) can healthcare command?
This isn’t a rhetorical question, even if it may be difficult to come up with a direct answer. After all, between 1960 and 2018, healthcare increased as a percentage of GDP from a modest 5 percent to more than triple that at almost 18 percent. Over that time period, healthcare economists noticed the rise in healthcare costs and regularly rang the alarm bells with increasing levels of concern.
Read More
Health IT | News, Analysis, Insights - HIT Consultant
Olive Selects AWS as Its Preferred Cloud Provider to Create the Internet of Healthcare
What You Should Know:
- Olive, the AI healthcare company, announced today the adoption of Amazon Web Services, Inc. (AWS) as its preferred cloud provider, now leveraging AWS’s computing capabilities to improve healthcare efficiency and reduce costs for patients and organizations.
- Olive’s workflow automation solution will run on AWS to connect the disparate systems used by healthcare organizations to help automate and optimize administrative tasks for healthcare providers, freeing them to
Read More
Kareo Acquires RPA-Powered Medical Billing Provider PatientlySpeaking
What You Should Know:
- Kareo, a provider of cloud-based clinical and business management software solutions for independent healthcare practices and billing companies, today announced the acquisition of PatientlySpeaking, a process automation technology company for billing companies and medical practices.
- Together with Kareo’s intuitive billing platform, PatientlySpeaking provides an integrated data connection for billing companies and medical practices to automate redundant daily tasks
Read More
HIMSS21 Day 3 Roundup: Sharecare Acquires CareLinx, Verizon Telehealth, Samsung
Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M
Sharecare today announced that it has closed its acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since
Read More
Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M
What You Should Know:
- Sharecare today announced its official entry into the home health market with the acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since 2010.
- The
Read More
HIMSS21 Day 2 Roundup: CVS Health Virtual Primary Care, M&A Activity, Funding, More
Raintree Systems Mourns the Passing of its CEO, Richard Welty
Raintree Systems, a software development company that provides value-based solutions for the healthcare industry, announces the passing of the company's Founder and CEO, Richard Welty. Terrence Sims, former Chief Operating Officer and current President of Strategic Growth & Marketing has been appointed Interim CEO.
Mergers & Acquisitions
Olive Enters Clearinghouse Market with Acquisition of Healthcare
Read More
Olive Enters Clearinghouse Market with Acquisition of Healthcare IP
What You Should Know:
- Olive, a healthcare automation company today announced the acquisition of Healthcare IP, an integrated partner of healthcare provider and payer organizations, advocating data transparency and user experience in the revenue cycle. Financial details of the acquisition were not disclosed.
- Healthcare IP is a clearinghouse that has been streamlining payment management since 2013 for top hospitals and health systems across the United States to help manage their
Read More
CVS Health Rolls Out Nationwide Virtual Primary Care Solution
What You Should Know:
- Aetna, a CVS Health company, today announced the launch of Aetna Virtual Primary Care, which reimagines the primary care experience and makes it easier for people to get the health services they need, anytime, anywhere.
- Aetna Virtual Primary Care is powered by Teladoc Health's longitudinal, physician-led care team model, and complemented by the strength of Aetna's provider network, and CVS Health services.
Aetna Virtual Primary Care Solution
Read More
Innovaccer Unveils the Innovation Accelerator Program with 14 Digital Health Innovators
What You Should Know:
- Today, Innovaccer Inc. launched the Innovation Accelerator program, an exciting new partner and marketplace ecosystem aimed at helping digital health innovators rapidly create breakthrough clinical, financial, and operational solutions through the power of the Innovaccer Health Cloud.
- The Innovation Accelerator program empowers partners and digital health innovators to create truly interoperable solutions and enhancements that leverage the Innovaccer
Read More
ConsenSys Health Acquires FHIRBlocks to Enable Control of Their Confidential Health Data
What You Should Know:
ConsenSys Health, a Las Vegas-based provider delivering next-generation infrastructure for healthcare and life sciences, today agreed to acquire FHIRBlocks, an innovative developer of advanced solutions to support self-sovereign patient-directed fine-grained sharing of their protected personal health information.
- The acquisition includes the transfer of FHIRBlocks’ technological and other IP, as well as key executives and staff, business activities, and
Read More
