The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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Health IT | News, Analysis, Insights - HIT Consultant
HealthStream Acquires Providigm for $18M in Cash to Drive Quality Outcomes
HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities for approximately $18 million in cash. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based
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Halo Communications Launches Halo Patient Coordinator for Team-based Care Coordination
Halo Communications (formerly known as DocHalo), today announced the launch of Halo Patient Coordinator will give doctors and nurses the ability to focus mobile and collaborative care around individual patients by allowing teams to be created, managed and adjusted automatically — providing real-time updates, case-by-case EMR syncing, and much more.A product offering available within Halo’s Clinical Communication Platform, Halo Patient Coordinator allows patient care teams to be created, managed
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Cerner and Christiana Care Health System Work to Deliver Bariatric Services for Cerner Health Plan Members
Cerner has announced a strategic collaboration with Christiana Care Health System in Delaware to provide a weight loss surgery program designed to help members of Cerner’s health plan achieve their health goals. Together, they will focus on delivering high-quality, safe care with personalized support that helps members through each stage of the process. Following a yearlong, nationwide selection process, the health system was selected as the strategic collaborator to improve the long-term health
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Sharp HealthCare Expands Relationship with Cerner to Improve Patient Care
Sharp HealthCare, a leading health care provider in San Diego, has expanded its longstanding relationship with Cerner, a global leader in health care technology, with the goal to enhance care delivery throughout its regional health system. As part of the new agreement, Cerner associates will be part of a team in San Diego working side-by-side with IT staff and clinicians through this process to help drive new strategy and improved health outcomes across the organization. Expanded
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Verato Raises $10M to Eliminate Duplicate Medical Records with Patient Matching Technology
Verato, a McLean, VA-based provider of cloud-based patient matching and master patient index (MPI) technology, today announced that it has raised $10 million in Series C financing led by existing investors Bessemer Venture Partners and Columbia Capital with participation from Blue Heron Capital and California Health Care Foundation. The company plans to use the latest round of funding to accelerate the adoption of Verato’s revolutionary new technology by all segments within healthcare –
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Cerner, CoverMyMeds Integrate to Improve Prescription Price Transparency at Point of Care
Cerner, today announced a new collaboration with CoverMyMeds to integrate patient-specific information into the EHR for providers to review prescription pricing information with their patients at the point of care. Prescription price transparency can help simplify conversations between individuals and their providers to create personalized care plans that meet a person’s medical and financial needs.Integration BenefitsWhen implemented, providers will be able to view prescription benefit
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What’s Next for Healthcare Communications in 2019?
Healthcare workers are the embodiment of mobile. Tending to patients across hospitals, clinics, and shifts, they are always on the move. Coupled with the sheer size and diversity of the healthcare system, keeping employees informed is a constant challenge.When communications break down or employees are not engaged, the consequences can be disastrous — from administrative and operational missteps to poor decisions treating patients and lack of quality care. In fact, according to a study from HR
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CentralReach Acquires Managed Billing Provider Bronco Billing
CentralReach, a provider of practice management software for ABA clinicians and educators, has recently acquired Bronco Billing, giving customers access to a team of billing experts to expedite the billing process and maximize revenue. The acquisition is an expansion of the existing partnership between Bronco Billing and CentralReach allowing customers to improve their billing process through auto-generated claims, receivables collections, payments, and denial re-submissions, so they can spend
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How the Walgreens-VA Partnership Demonstrates the Benefits of EHRs
According to the Centers for Disease Control (CDC), each year in the United States, adverse drug interactions cause more than a million visits to hospital emergency rooms. The CDC also found that 40 percent of negative interactions were preventable. One way to minimize these events is to give pharmacists electronic access to summaries of people’s medical histories so they can better predict how a new medication will affect each person’s health. Walgreens is taking a bold step in this direction
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