Summary of Health IT/digital IPOs, merger & acquisition (M&A) activity, and public company performance during the month of July.
Digital Health IPOs in July
Breaking the digital health IPO drought, there were four initial public offerings (IPOs) during a five-week period from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare. The last health IT companies to reach IPO were iRhythym Technologies and Tabula Rasa Healthcare in late 2016 -
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Health IT | News, Analysis, Insights - HIT Consultant
NYC Health + Hospitals Launches Primary Care-Centered Diabetes Management Program
NYC Health + Hospitals, the largest public health care system in the nation announced the launch of a comprehensive, primary care-centered diabetes management program. The diabetes management program includes investing in new clinical pharmacy staff, equipment, and technology to improve health outcomes and expand services through telehealth techniques for more than 60,000 New Yorkers with diabetes who receive care in the City’s public hospitals and community-based health centers.Impact of
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M&A: PE-Backed Guidehouse Acquires Navigant Consulting for $1.1B
Guidehouse (formerly PwC’s US Public Sector business), a portfolio company of private equity firm Veritas Capital has acquired global management consulting firm Navigant Consulting, Inc. for approximately $1.1 billion. The newly combined entity will bring together each organization’s strong expertise in highly regulated industries across both the commercial and government sectors, with a focus on supporting client needs in the industries of Healthcare, Financial Services, Energy, National
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Accolade Acquires MD Insider for Machine Learning Physician Performance
Accolade, a Seattle-based leader in personalized advocacy solutions for employers has acquired MD Insider, a Santa Monica, CA-based provider of machine learning-enabled physician performance transparency. Enabled by the acquisition of MD Insider, Accolade is launching new solution called Accolade Total Care that combines data-driven physician quality insights with cost transparency to ensure members have the best health outcomes while reducing costs for them and their employers.Machine Learning
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KLAS: Cerner and MEDITECH Expanse Lags Behind EpicCare in Customer Satisfaction
Cerner and MEDITECH Expanse still lags behind Epic EpicCare Inpatient EMR in customer satisfaction, according to a new KLAS report. The KLAS report, Acute Care EMR: Buyers Unwilling to Settle, reveals acute care EMR buyers know what is possible from an EMR and are now unwilling to settle for less.Acute Care EMR Market Based on Number of Hospital BedsCerner, Epic, and MEDITECH are most likely to be considered for large hospitals (500+ beds) and midsize hospitals (201–500 beds). The competition
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Patient Communications: Blending Digital Tools With The Human Touch
Today’s patients have high expectations when seeking information and services about healthcare. As generations Y and Z mature and become responsible for their own healthcare, the industry needs to adapt and evolve their communications strategies in order to connect with customers in a format they prefer. This is also important for the wellness of your business.
But the challenge for healthcare provider organizations looking to retain current patients and attract new ones is in striking
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Kaiser Appoints First Chief Digital Officer, Teladoc’s New COO, Castlight Health CEO, Other Health IT Appointments
Kaiser Permanente has appointed Prat Vemana as its first chief digital officer for Kaiser Foundation Health Plan and Hospitals. In this newly created role, Vemana will lead the ongoing development and execution of Kaiser Permanente's digital vision and strategy, in collaboration with internal health plan, hospital, and medical group teams.
Atlantic Health System has named Dr. Sylvia Romm as Chief Innovation Officer. In her new role, Romm will be responsible for building new partner
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Health Catalyst IPO Journey: Future Opportunities & Challenges to Watch
Last week saw Health Catalyst common stock begin trading on the Nasdaq Global Select Market. This marks the culmination of a journey that started 11 years ago and provides a great illustration of a start-up that has maximized the potential of the move in healthcare to value-based care. However, the IPO comes at a time where there is some uncertainty gripping the markets it targets and there are several key challenges for Health Catalyst to overcome in order to drive future success. Here’s our
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OSF Ventures Closes $75M Sophomore Venture Fund to Focus on Emerging Technologies
OSF Ventures, the corporate venture capital arm of Peoria, Ill.-based OSF HealthCare, has announced the closing of its sophomore venture capital fund of $75M. The sophomore fund will focus on investing in new technology, devices, and services that offer improved and more cost-efficient healthcare.Investment PhilosophyOSF focuses on investing in companies seeking funding at all post-seed stages and has invested primarily in Series A and B rounds. In addition, OSF Ventures is open to
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DAS Health Acquires Health IT and Medical Billing Conglomerate
DAS Health, an industry leader in health IT and management, announced today it completed the acquisition of a Milwaukee-based healthcare solutions conglomerate, including WRT Specialties, Inc., Easy PC Solutions, LLC, EasyMed Billing, LLC and Houston-based Systech Solutions. This follows DAS’ acquisition of Houston-based Altex Business Solutions earlier this year, and three Chicago-based companies at the end of 2018. Financial details of the acquisition were not disclosed.DAS Health Growth
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