Tenet Healthcare Corporation has announced its intention to pursue a tax-free spin-off of its revenue cycle management business unit Conifer Health as a separate, independent publicly-traded company. The company expects to complete the spin-off by the end of the second quarter of 2021. This announcement is the culmination of the Conifer strategic review process announced in December 2017.Spin-Off ProcessThe separation process will include a thorough review of the necessary executive leadership
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Health IT | News, Analysis, Insights - HIT Consultant
Analysis: Cerner, Epic, Allscripts and MEDITECH’s International EHR Endeavours
In this insight, we assess how the top US acute EHR vendors, namely Epic, Cerner, Allscripts and MEDITECH (+85% share of US acute market in terms of revenues), have progressed specifically on the third point, international expansion.The below figure shows that there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $600M in 2018, representing 12% of its business. Whilst MEDITECH has much
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Health Tech VC Firm Flare Capital Partners Closes $255M Fund
Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Referential Matching—What It Is and Why It Matters for Providers
Clean patient data is the critical first step for any successful health IT integration, EHR conversion, interoperability initiative or electronic information exchange. According to a recent Pew Charitable Trusts report, most hospital executives and administrators believe the accuracy of patient matching when information is exchanged between organizations with different EHR systems is subpar.
Further, as health systems continue to consolidate and add more data to their networks, the importance of
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DrChrono EHR Adds AI-Powered Medical Notes Integration for Medical Practices
Electronic health record (EHR) provider DrChrono has announced an integration partnership with DeepScribe to enable medical practices DrChrono EHR can use AI to automate medical notes from physician appointments and integrate it right into their Electronic Health Record (EHR).EHR Integrated SOAP Notes for Medical PracticesDeepScribe uses advanced deep learning technology to generate accurate, compliant, and secure SOAP notes right within a practice’s EHR. Practices using DeepScribe have reported
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D2 Consulting Acquires Patient Engagement Company WorkUp
Life sciences consulting firm D2 Consulting, today announced it has acquired Brooklyn, NY-based patient engagement company WorkUp, Inc. The acquisition expands D2’s existing technology solutions, providing value-added support for clients, including manufacturers, specialty pharmacies, HUBs, payers, pharmacy benefit managers and integrated delivery networks.Founded in 2013 to support high maintenance patients, WorkUp’s patient engagement solution, Status improves operational efficiencies and
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Survey: 91% of Hospital Boards Rely Entirely on Consultants for IT Strategy
According to a Black Book survey of C-Suite executives, 91% of hospital boards rely entirely on consultants for IT strategy and advisement rather than the healthcare tech expertise of trustees. In a Q2 2019 poll of 494 C-Suite hospital executives, Black Book sought to identify the technology presence in the boardroom of hospital and health systems.How Tech-Savvy Is Your Hospital Board?The survey reveals over two-thirds of those surveyed had little to no significant tech expertise on their board
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ECG and Oncology Resource Consultants Merge to Expand Oncology Consulting Practice
ECG Management Consultants (ECG), a national healthcare consulting firm, announced the expansion of its oncology consulting practice through a merger with Oncology Resource Consultants (ORC). By acquiring the ORC, ECG continues to build on its commitment to excellence in client services and expanding its oncology advisory expertise.Founded in 1990, ORC has provided the oncology community with strategic cancer center and facilities planning, coupled with operations improvement and implementation
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ELLKAY Acquires X-link to Expand Healthcare Interoperability Footprint
ELLKAY, LLC, a provider of healthcare connectivity and interoperability solutions has acquired the assets of Tampa-based Legal Easy, Inc., including the industry-leading X-Link medical software interfacing solution. With the strategic acquisition, ELLKAY expands its healthcare footprint and empowers providers with an easier, more cost-effective way to achieve Promoting Interoperability (PI) objectives and quality measures. In addition, the acquisition strengthens ELLKAY’s core mission of
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3 Takeaways From The 2019 HIMSS & Health 2.0 European Conference
The HIMSS & Health 2.0 European Conference attracted over 2,600 delegates from 64 countries to Helsinki in June 2019. While there was a strong focus on healthcare in the Nordics, the conference brought with it a wide variety of vendors from across the globe all looking for new opportunities on the show floor. Our key takeaway – the goal to change mindsets in Europe towards how healthcare can be improved through the use of technology. We look at a few examples below, namely:- Developing
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