Lexington, MA-based healthcare IT security company Imprivata has agreed to be acquired by private-equity firm Thoma Bravo for $544M or $19.25 per Imprivata share in cash. Shares rose 32% to $19.14 pre-market. The company did not disclose when the acquisition is expected to close. “We’re tremendously excited about Thoma Bravo’s investment in our company and believe this transaction represents a great outcome for our current shareholders,” said Omar Hussain, President and CEO of Imprivata in the
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Health IT | News, Analysis, Insights - HIT Consultant
Caremerge Lands $14M to Expand into Post-Acute Market
Caremerge, a cloud-based communication and care coordination platform for the senior care industry has raised $14M in institutional funding led by Insight Venture Partners, with participation from previous investors Grażyna Kulczyk, Cambia Health Solutions, Ziegler LinkAge Longevity Fund, GE Ventures, and Arsenal Venture Partners.The Chicago-based startup will utilize the capital infusion to accelerate its expansion into the post-acute market. The investment round also adds new additions to the
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Report: Healthcare Analytics Market Expected to Reach $43B by 2024
The global healthcare analytics market is expected to reach $42.8 billion by 2024, according to a new report by Grand View Research, Inc. Growth in the healthcare analytics market is largely being driven by: - providers ability to identify clinically meaningful outcomes in relation to costs through the investigational mining of EMRs to identify inherent medical inaccuracies in the system to provide cost effective patient treatment- accelerated adoption of big data that enables informed patient
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Speech Recognition Integration with Epic EHR Saves Hospital Physicians 2 Hours Per Shift
Edward-Elmhurst Health, a Chicago area health system has helped their physicians save up to 2 hours per shift integrating Nuance’s speech recognition solution with their Epic EHR. Nuance collaborated with Edward-Elmhurst Health made up of three hospitals with nearly 1,900 physicians to address its clinical documentation and narrative challenges as part of a recent merger. The solution, Dragon® Medical One was deployed to physicians in more than 100 facilities as a published Citrix XenApp to
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McKesson Acquires HealthQX To Boost Its Value-Based Payment Tech Tools
McKesson Health Solutions has acquired HealthQX™ to expand its value based care portfolio with HealthQX's value-based payment technology solution, ClarityQx. Financial details of the acquisition were not disclosed.The acquisition will strengthen McKesson's ability to support health plans transition to value-based care through automating and scaling complex bundled payments. Integrating ClarityQx with McKesson’s Episode Management gives health plans the ability to automate retrospective bundled
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ECG Management Consultants Acquires Kurt Salmon’s Healthcare Division
Healthcare management consultant firm ECG Management Consultants, today announced it has acquired the healthcare division of Kurt Salmon. The sale of Kurt Salmon's healthcare division by parent company Management Consulting Group PLC, a London-based professional services company is expected to be $12M ((equivalent to approximately £9.2 million), Interactive Investor reports. An additional $1M of consideration is deferred and contingent on post completion performance. MCG will retain the reminder
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Enli Health Intelligence Inks Strategic Relationship with Dell Services
Enli Health Intelligence, a provider of population health management technology has announced the formation of a strategic global relationship with Dell Services. Together, both companies will offer healthcare providers worldwide, including physician practices, accountable care organizations, and health systems, end-to-end technology and advisory services to accelerate their quality improvement and value-based care delivery initiatives, ultimately helping to deliver on the promise of better
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American Heart Association, Amazon Partner to Advance Precision Cardiovascular Medicine
The American Heart Association (AHA) has inked a strategic partnership with Amazon Web Services, Inc. (AWS), a cloud computing infrastructure, to enable and advance discoveries in cardiovascular science and medicine using cloud technology.AHA’s Institute for Precision Cardiovascular Medicine aims to advance the science and practice of precision medicine to improve cardiovascular health in both individuals and populations by fostering research that takes into account the systems biology arising
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HHS Appoints Beth Anne Killoran New CIO
On Friday, the Department of Health and Human Services (HHS) has named Beth Anne Killoran as its new chief information officer after serving almost six months as acting CIO. "To protect all of our IT systems — from desktops to the Personally Identifiable Information and Protected Health Information our Department works with — we need more than an investment in funding or new technology. We need a cyber-savvy workforce.That’s why I’m pleased to announce that Beth Anne Killoran has agreed to lead
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Can AI Reduce The Prior Authorization Burden in Healthcare?
One of the most frustrating elements of the current healthcare environment is the administrative burden of prior authorizations for medications and procedures. It is a frustration for providers, for patients, and for payers. Is there any way to solve this dilemma?For physicians, an estimated 20 hours per week is spent in prior authorization activities, costing an average of $83,000 in excess annual overhead per physician. Is there an actual benefit for this effort? Most physicians say that
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