Health IT VC funding increased 27 percent quarter over quarter (QoQ), coming in at $1.4 billion in 146 deals compared to $1.1 billion in 145 deals in Q4 2015, according to a new Mercom Capital Group report. The report highlights 615 companies funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for the first quarter of 2016. Here are ten key things to know: 1. Healthcare practice-centric companies received 42 percent of
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Health IT | News, Analysis, Insights - HIT Consultant
Vermont to Implement Real-Time Data Sharing Network for Providers
On Tuesday, Vermont Blueprint for Health 2016 in Burlington, VT, announced that it will become the first state in the nation to implement a real-time data sharing network across in-state healthcare providers. The state will deploy Patient Ping, a Boston-based digital health company designed to enhance medical information transparency between once disconnected health care providers.How It WorksPatientPing, providers receive "Pings," real-time notifications whenever their patients receive care at
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Veritas Integrates Elsevier’s Interactive Patient Education Content
Elsevier, a provider of scientific, technical and medical information products and services, will make its Interactive Patient Education content library available to customers of Veritas, a provider of nursing education and mentorship. Developed to increase patient engagement and reduce readmissions, the content suite will be implemented as part of Veritas' Chronic Care Management Program.Elsevier's Patient Engagement suite of solutions provides print, electronic and video patient education
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Livongo Health Pulls In $45M to Expand Diabetes Management
Livongo Health, a consumer digital health company that is empowering people with chronic diseases to live better has raised $44.5 million in Series C funding from investors including Merck Global Health Innovation Fund; Cowen Private Investments; Sapphire Ventures; Zaffre Investments, the investment arm of Blue Cross Blue Shield of Massachusetts; Wanxiang America Corporation. Existing investors General Catalyst, Kleiner Perkins Caufield & Byers (KPCB), DFJ, and 7wire Ventures. also
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Health Choice Network Selects Wellcentive for Population Health
Health Choice Network (HCN) has selected Wellcentive for population health management solutions and services to drive integrated care management and quality reporting across HCN's 46 health centers nationwide. The partnership will also include a collaborative effort for expanding quality measures, value-based insurance design (VBID) and financial analytics to track and demonstrate approaches to treating complex chronic care patients within underserved communities. Financial terms of the deal
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University Hospital Board Appoints John N. Kastanis CEO & President
Today, John N. Kastanis, FACHE, has been named President and CEO of University Hospital. As CEO of one of the largest employers in Newark, Kastanis will lead a workforce comprised of 3,400 full time employees and 550 medical staff, and is responsible for a $600M budget. Kastanis joins the hospital after a four-year tenure as leader of Temple University Hospital, where he is credited with enhancing core operations, developing new clinical service lines, acquiring new medical and surgical
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Are EHR Vendors Hackers’ Next Big Target?
Editor's Note: Mark Menke is the Chief Technology Officer of Network DLP at Digital Guardian, a data protection firm. Mark has over 20 years of experience in various roles from ASIC Design to IT and Security Consulting roles. Over the course of 2015, countless data breaches occurred within hospital networks, health insurers, physicians’ offices, and other organizations in the healthcare industry. In fact, Community Health Systems, Premera and Anthem were just a few of the most notable names who
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Midmark Acquires Versus to Optimize Outpatient Clinical Workflows Using RTLS
Midmark Corporation, a provider of outpatient workflow solutions has entered into a definitive merger agreement to acquire real-time locating system provider Versus Technology, Inc. (“Versus”). As part of the acquisition, Midmark will acquire all the issued and outstanding common shares of the Tranverse City, MI-based Versus. Versus core operations will also remain in Traverse City, Mich.Versus is the most-deployed real-time locating systems (RTLS) provider in healthcare, using location
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Chilmark Unveils Value Chain Model for Healthcare Analytics
As the healthcare industry continues its transition to value-based care (VBC), most organizations struggle to formulate a clear and concise analytics strategy that will support this transition. The latest report from Chilmark Research, "The Necessity of a Value Chain Model for Healthcare Analytics," provides healthcare organizations (HCOs) a model for building an analytics strategy that aligns with their VBC needs as well as a set of requirements for their analytics platforms in order to insure
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UHS to Implement Cerner’s Revenue Cycle, Replaces Siemens Invision
Universal Health Services, Inc. (UHS), one of the largest hospital management companies announce it will implement Cerner’s Millennium Revenue Cycle. Cerner will replace UHS’ legacy Siemens Invision revenue cycle solution and integrate with UHS’ existing Cerner Millennium EHR and HIM functionality. The enterprise-wide revenue cycle management system, paired with UHS’ current solutions, will help advance integration between clinical and financial information for the acute care and ambulatory
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