Private multi-asset alternative investment firm Bain Capital is reportedly considering options including the potential sale of revenue cycle management (RCM) company Waystar, Bloomberg reports. In 2018, Bain rebranded RCM companies Navicure and ZirMed as Waystar after merging the two companies together in 2017. Waystar Sale Could Value Company At More Than $3BBain has started early-stage discussions about a potential sale that could value the business at more than $3 billion, according to
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Health IT | News, Analysis, Insights - HIT Consultant
DrFirst Structures a New $17M Commercial Financing Facility with SunTrust
DrFirst, a provider of e-prescribing, price transparency, and medication management solutions, announced today that it has structured a new $17 million commercial financing facility with SunTrust Banks, Inc. The financing extends DrFirst’s strategic relationship with SunTrust Banks, a partnership which initially began in 2015.New Funds Will Support Expansion Initiatives in Pharma and Consumer SectorsAs part of an extending financing deal with SunTrust, DrFirst will work to further expand its
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Censinet Nabs $7.8M for Third-Party Vendor Risk Management Platform
Censinet, a third-party risk management company for healthcare providers has raised $7.8 million in Series A funding co-led by HLM Venture Partners and Cedars-Sinai Health System. The Series A round also includes participation from seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures.The Problem with Provider Vendor Risk Management TodayHospitals today work with 700 vendors on average, each requiring a risk assessment that can take eight weeks or more to complete. Due to the
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Innovaccer Launches AI-Powered Pediatric Care Management Solution
Innovaccer Inc., a San Francisco-based data activation company, today announced the launch of its Pediatrics Care Management solution specifically designed to bring the entire care network together to fulfill every child’s needs. The solution will assist pediatric care organizations in bringing together information that spans across multiple venues, clinicians, and stages of life.Pediatric-Specific Measures Are Not Widely AvailableValue-based payment reforms have made quite an impact on US
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Healthcare BPO: Assessing Your Outsourcing Services Maturity
In the healthcare market, there is increasing demand for outsourcing services that can bring strategic insights, optimization, and efficiencies to critical operations, particularly among health plans.These partnerships speak to the dramatic shifts in how health plans are sold and purchased today, but also to the maturity of the healthcare business process outsourcing (BPO) industry itself.Years ago, BPO was more tactical than strategic—lifting and shifting units or processes to a far-flung
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1 in 10 Americans Have Offered Unused Opioids to Family and Friends
One in 10 Americans admits they’ve offered or given their unused prescription drugs to a friend or family member for either medical or recreational use, according to findings from a new consumer study conducted by Stericycle, a provider of highly specialized compliance-based healthcare and waste solutions. Despite that, a majority of Americans (75%) believe that people sharing or selling their unused prescriptions, including opioids (e.g., oxycodone, hydrocodone, morphine) is contributing to the
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7 Healthcare Trends Advancing and Impacting Growth Initiatives in 2019
Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, today released results from its 2019 Healthcare Trends Survey. Definitive Healthcare polled over 1,000 healthcare leaders across the provider, biotech, financial services, staffing, life sciences, IT, and consulting verticals to determine which trends they felt were most important, heading into 2019.Here are seven healthcare trends advancing and impacting growth initiatives in the healthcare
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HHS Issues Public Comment for Interoperability Exchange Framework
The U.S. Department of Health and Human Services (HHS) today issued for public comment draft 2 of the Trusted Exchange Framework and Common Agreement (TEFCA) that will support the full, network-to-network exchange of health information nationally. HHS also released a notice of funding opportunity to engage a non-profit, industry-based organization that will advance nationwide interoperability.Public Comment DetailsSpecifically, the documents being released for comment are: (1) a second draft of
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Redox Lands $33M for Scalable Healthcare Data Interoperability Platform
Redox, a Madison, WI-based company that
is changing the way healthcare providers and software vendors share data has
raised $33 million in Series C funding led by Battery Ventures. The Series C
round also included participation from existing investors .406 Ventures, RRE
Ventures, and Intermountain Ventures.
Finally. A Scalable Way to Exchange Healthcare Data
Currently, inconsistent data formats and redundant connections slow, or completely prevent the flow of critical health information,
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Prisma Health to Optimize Patient Access Post-Merger with Kyruus
Kyruus, a leader in provider search and scheduling solutions for health systems announced that Prisma Health, a newly-formed health system based in South Carolina has selected the company’s provider data management platform to optimize patient access to the health system’s network. The health system will leverage KyruusOneÒ to create a system-wide, digital provider directory and implement ProviderMatch for Access Centers and ProviderMatch for Consumers to help patients find the right providers
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