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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Health IT | News, Analysis, Insights - HIT Consultant
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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NeHII Taps DrFirst to Aggregate Statewide Prescription Records
NebraskaHealth Information Initiative (NeHII) and the Nebraska Department of Health and Human Services has selected DrFirst to capture state prescription information and deliver it to Nebraska’s enhanced Prescription Drug Monitoring Program (PDMP) which began January 1, 2017. Unlike some state PDMPs, the focus in Nebraska is primarily around patient safety and outcomes. The inclusion of complete prescription data in the PDMP database enhances patient safety and helps combat the abuse of opioids
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eClinicalWorks Launches healow Kids App to Connect Parents with Their Child’s Pediatrician
Today, eClinicalWorks has announced its healow Kids mobile app, which helps connects parents with their child’s pediatrician. The app, which is fully integrated with the eClinicalWorks Electronic Health Record (EHR), helps parents keep track of their child’s health and progress. Through the app, parents can access health records, lab results, send and receive secure messages to the pediatrician and book appointments. "As an experienced user of the healow Kids app, both professionally and
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Survey: Lack of Budget & Time Key Obstacles to Healthcare Data Breach Prevention
According to a recent Netwrix 2017 IT Risks Report, 75% of healthcare organizations indicated lack of budget and time as the main obstacles to taking a more efficient approach towards management of healthcare data breach prevention. Additionally, 44% stated appropriate participation of senior management as another key obstacle.The 2017 IT Risks Report produced by Netwrix Corporation, provider of a visibility platform for data security and risk mitigation in hybrid environments asked IT pros from
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Health Fidelity Launches AI-Powered EHR Data Acquisition Platform for Providers & Health Plans
One of the main battles to efficient healthcare is complicated and incompatible medical records systems. Health Fidelity, a health IT startup funded by UPMC, has developed a vendor-neutral tool to solve the data acquisition problem called HF360 Data Acquisition. HF360 Data Acquisition is a flexible platform that healthcare providers and health plans can use to retrieve medical records and other patient data in the most efficient and cost-effective manner.The platform can acquire both structured
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Solera Health Raises $18.3M to Expand Integrated Chronic Disease Prevention Services
Solera Health, a technology-enabled personalized preventive health network has raised $18.3 million in Series B funding led by Adams Street Partners. Existing strategic investors Blue Cross Blue Shield Venture Partners, Sandbox Industries and social impact fund SJF Ventures also participated in the round. The latest round brings the company’s total capital raised to $30.3 million.Solera plans to use the funding to meet market demand for the Medicare DPP benefit in addition to expanding its
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