Ability Network has acquired Secure Bill Pay, an Eagan, MN-based healthcare payment software provider that provides an all-in-one set of tools to enable providers to facilitate patient payment throughout the revenue cycle. Financial terms of the acquisition were not disclosed. As part of the acquisition, all of the company’s employees will join the ABILITY team.ABILITY provides apps and analytics that are integral in helping with revenue cycle management, clinical management and performance
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Health IT | News, Analysis, Insights - HIT Consultant
5 Common Mistakes Providers Make With Healthcare Analytics
It’s a brave new world of big data analytics, but what does that mean for healthcare systems? Healthcare data is crucial to enhancing patient care and outcomes. However, the uncertainty of where to start and what tools to use can be overwhelming. On top of that, how to meaningfully use analytics to take action is another concern. There are five common mistakes providers make with healthcare analytics that can be easily avoided when you better understand the questions you need to answer and how
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Arcadia Healthcare Appoints Karl Stubelis As New Chief Financial Officer
Arcadia Healthcare Solutions, a electronic health record (EHR) and claims data aggregation and population health management technology company, has appointed Karl Stubelis as its new chief financial officer. Prior to Arcadia, Stubelis served as senior vice president and CFO at athenahealth. Under his new role at Arcadia, Stubelis will report to CEO Sean Carroll and will lead all financial operations while spearheading the company’s capital strategy in support of its growth plan.Stubelis has
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Quest Diagnostics Completes Acquisition of Med Fusion
Quest Diagnostics has announced the completed its acquisition of the laboratory businesses Med Fusion and Clear Point. Operating from a nearly 200,000 square foot facility in Lewisville, Texas, the two businesses form the basis for the company’s first national center of excellence in precision diagnostics for oncology. For patients with cancer, precision diagnostics, such as genomic sequencing of a tumor's DNA, may help a physician select a therapy or clinical trial and monitor response.In
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emids Acquires Health IT Consulting Firm Encore Health Resources
emids, a growing global provider of IT services and solutions for the healthcare and life sciences industries, has acquired health IT consulting firm Encore Health Resources. For emids, the acquisition provides an opportunity to address these needs for providers, and complements the company’s existing expertise in the payer space. Financial details of the acquisition were not disclosed.Founded by Ivo Nelson and Dana Sellers, Encore helps providers plan, implement, manage and optimize clinical
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Mercom: Healthcare IT Funding Tops Record $4B in First Half of 2017
Health IT VC funding reached a total record of $4B in the first half of 2017, representing a 36 percent higher year-over-year, according to a new report from Mercom Capital Group. The latest report finds that there were a total of 90 Healthcare IT M&A transactions, compared to 110 in 1H 2016. M&A activity in the second quarter of 2017 was down with 41 M&A transactions (five disclosed) compared to the 49 M&A transactions (seven disclosed) in Q1 2017.Mercom’s comprehensive report
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Availity Raises $200M to Fund Future M&A, Strategic Opportunities
Availity, provider of health information networks has closed a five year $200 million senior secured revolving credit facility, which allows for an additional $100 million of capacity when exercised. The debt financing will be used to fund future M&A and other strategic opportunities. “Over the past 18 months we have evaluated or observed a significant number of strategic opportunities and we do not expect this trend to abate in the foreseeable future. We now have increased flexibility to
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Digitization beyond the Doc
Healthcare IT has a long way to go before it delivers truly transformative benefits to providers and patients across the healthcare continuum. However, the incremental steps that already have been taken should not be discounted. While a complete digital transformation in healthcare is going to take some time, creativity, and even a few missteps before we get it right, current health IT capabilities are adding value to care delivery.Take EHRs, for example. For all of their well-publicized
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Mackenzie Health Goes Live on Epic End-to-End EMR in Canada
Mackenzie Health, a Canadian-based regional healthcare provider has announced the go-live of Epic across its enterprise, becoming the first full-suite Epic EMR to be implemented in a Canadian hospital.The new EMR implementation was a two-year process that involved significant software build, consultation with Mackenzie Health staff and physicians, testing and education. Two weeks prior to the launch, over 100 Mackenzie Health staff transitioned over 15,000 scheduled appointments, including for
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Led by BlueCross BlueShield, Healthify Raises $6.5M for Social Determinants Management Platform
Healthify, a NYC-based community referral and social determinants management platform, closed a $6.5m Series A funding round led by BlueCross BlueShield Venture Partners (BCBSVP). The round also included participation from existing investors Primary Venture Partners (PVP) and Activate Venture Partners (AVP).Healthify will use the funds from the financing to expand its care coordination product suite and grow its network of customers and social service partners. To date, Healthify has raised over
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