Earlier this month, Philips Healthcare announced it had signed an agreement to purchase the IT business (HCIS) of Carestream Healthcare for an undisclosed amount. The deal, expected to close in the second half of the year, is one of the largest M&A moves in the imaging informatics market for some time. While it was one of the worst kept secrets in the industry that the owners of Carestream were looking for a buyer, the decision to split off the HCIS business of Carestream was more of a
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Health IT | News, Analysis, Insights - HIT Consultant
The Rule of 40 in Health IT: Should your Company Prioritize Profitability or Growth?
George Bailey, Associate at Healthcare Growth Partners (Left)Laura Gama, Investment Banking Analyst at Healthcare Growth Partners (Right)
Among the venture capital and growth equity community, a common rule of thumb for software companies is the “Rule of 40”. The rule simply states that a healthy software company’s net profitability + revenue growth rate should exceed 40%. This rule provides a guideline to balance the trade-off between revenue growth and profitability, a question many of
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Allscripts Expands Relationship with Ephraim McDowell Health to Drive Patient Engagement
Allscripts FollowMyHealth announced a partnership with Ephraim McDowell Health on its enterprise and mobile patient engagement platform. FollowMyHealth offers a mobile, enterprise patient/consumer engagement platform for providers, hospitals and health systems who want to promote healthy patient populations and manage quality. Platform Approach BenefitsFollowMyHealth’s total connected patients hit over 17 million during 2018 with portal alone. With their expanded HealthGrid platform, that number
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Impact of Patient-Generated Health Data From A Cancer Perspective
Thanos Komidis, Co-Founder & CEO at Care AcrossPatient-generated health data (PGHD) contains entire datasets which, contrary to electronic health records (EHRs), are collected based on patient input. This data may be directly entered or provided by patients (e.g. via quality of life questionnaires) or may be generated indirectly (e.g. via wearable devices).Patient-Generated Health Data in A Shifting Healthcare ModelIn healthcare, the biggest focus has traditionally been mostly around EHR
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Report: 8 Barriers to Addressing Social Determinants in Population Health Programs
Social Determinants of Health (SDoH) initiatives are disrupting healthcare delivery and reimbursement, according to a national survey of leading health plans and other healthcare stakeholders. Commissioned and conducted by the HealthCare Executive Group and Change Healthcare, the 9th Annual Industry Pulse Survey report reveals a significant number of healthcare leaders are planning to offer programs addressing care coordination, transportation, food insecurity, and other factors for members over
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Vixiar Medical Nabs $1.5M to Expand Hand-Held Devices for Cardiac Monitoring
Vixiar Medical, Inc., a Baltimore, Maryland-based company dedicated to the development of non-invasive devices and systems for monitoring cardiopulmonary diseases has raised $1.5 million from new and existing investors. New investors joining in this round included Emerald Development Managers, MMG Opportunities and several individual investors. Existing investors included The Maryland Technology Development Corporation (TEDCO) through its seed fund, the Abell Foundation, individual investors and
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Vereco Acquires CynergisTek’s Managed Print Services Business
Vereco, LLC, a provider of healthcare document services, today announced an asset acquisition of CynergisTek’s managed print services (MPS) business. CynergisTek is a provider of healthcare cybersecurity, privacy, and compliance. Vereco’s private equity partner, Stella Point Capital, invested additional equity to fund the transaction. Acquisition Plans for CynergisTekPost-acquisition, Vereco will have 230 employees operating in 49 states. The combined organization’s clients include more than 350
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Cambia Health Forms Da Vinci Project to Improve Health Data Sharing in Value-based Care Arrangements
Cambia Health Solutions has announced new partnerships with two major provider networks to deliver data interoperability use cases as part of the Da Vinci Project. In collaboration with Oregon Health & Science University (OHSU) and MultiCare Connected Care (MCC), Cambia is building resources to enable critical data exchange in real-time, offering better communication, more efficient care, and less administrative burden for providers.
Da Vinci Project Overview
Founded by
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Glens Falls Hospital Reaches Settlement with Cerner over $38M Billing Problems
Glens Falls Hospital has reached a settlement with Cerner over $38M in losses suffered when Cerner’s billing system malfunctioned in 2017 after going live in November 2016, according to The Post-Star. Glens Falls Hospital President and CEO Dianne Shugrue announced the settlement in an ad in The Post-Star. Shugrue did not provide financial details about the settlement with Cerner or when the settlement was reached.“As is customary in resolving business disputes, the terms are confidential. It was
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Unite Us Raises $35M for Care Coordination & Outcome Tracking Platform
Unite Us, an NYC-based care coordination and outcome tracking platform connecting healthcare and social service providers has raised $35 million in Series B funding. The funding round was led by Oak HC/FT, with participation from Town Hall Ventures and Define Ventures. Existing investors Scout Ventures, Luminate (part of The Omidyar Group) and New York Ventures. The latest round brings the company’s total funding to $45.3 million.
Comprehensively Addressing Social Determinants of
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