With the end of the year rapidly approaching, it’s about time for articles making technology predictions for 2018 and proclaiming 2017 “the year of the (this space for rent).”As editors cast about for the healthcare IT story of the current year, they might have a hard time making the case for healthcare blockchain technology based on measurable recent impact, but they’ll have less trouble endorsing blockchain if they look at current hype and future potential.“Blockchain technology is a
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Health IT | News, Analysis, Insights - HIT Consultant
UnitedHealth’s Optum to Acquire DaVita Medical Group for $4.9B in Cash
UnitedHealth’s Optum has agreed to acquire DaVita Medical Group, one of the nation’s leading independent medical groups and a subsidiary of DaVita Inc. Under terms of the acquisition, Optum will acquire DaVita Medical Group for approximiately $4.9 billion in cash and is expected to close in 2018. DaVita plans to use the proceeds from the acquisition for significant stock repurchases over the next one to two years following the closing of the transaction, as well as to repay debt and for general
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Precision Medicine Startup 2bPrecise Brings Pharmacogenomics to the Point of Care
2bPrecise., an EHR-agnostic, cloud-based precision medicine platform, recently announced its new pharmacogenomics (PGx) solution that takes pharmacogenetic information and makes it actionable for physicians. The solution pushes live, real-time PGx content directly into the clinical setting so clinicians can more precisely diagnose and treat their patients.2bPrecise has partnered with Translational Software, Inc. (TSI), a leader in the intelligent use of genomic data for clinical decision
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PatientPay Secures $6M to Expand Patient Payments Platform for Specialty Care
PatientPay, a Raleigh-Durham, NC-based provider of patient payments for specialty care has secured $6 million in growth capital led by Teaghlach Family Office and existing investors, including Mosaik Partners. The revenue cycle-focused company plans to use the funding for an 85 percent company expansion in 2018, primarily in staffing and product development. The investment round stems directly from the need to grow quickly and meet healthcare demand for better patient payments methods and
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HealthiPASS Raises $7.2M for Patient-Centric Digital Payments Platform
HealthiPASS, a Chicago-based healthcare payments company, today announced it has raised a $7.2 million in Series A funding round, led by FCA Venture Partners. The round also included participation from OCA Ventures, Healthy Ventures, HealthX Ventures, Waterline Ventures and a small group of strategic investors. As high deductible health plans become more and more prevalent and patient out of pocket burden continues to increase, HealthiPASS simplifies the payments experience for both patients
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VirtualHealth Lands $7M to Expand Integrated Value-based Care Platform
VirtualHealth, a New York City-based startup of population health management and care management technologies, has raised $7 million in funding led by Edison Partners. The company plans to utilize the funding to further develop its product suite, grow the team and expand its market share. Founded in 2012 by Adam Sabloff, VirtualHealth’s secure, cloud-based platform seamlessly integrates population analytics with market-leading care, disease, and
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Aptean Acquires Web-based Clinical Portal Connect to Expand Healthcare Offerings
Aptean, a global provider of mission-critical enterprise software solutions, has acquired the Connect division of Influence Health to add to its growing suite of products that serve the healthcare industry and public sector. As part of the acquisition, employees focused on the Connect product have joined Aptean and will continue to work in their current locations. Financial terms of the acquisition was not disclosed. Connect, a division of Influence Health, offers a web-based clinical portal to
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OptimizeRX, Modernizing Medicine Launches Real-Time Financial Messaging
OptimizeRx Corp., a provider of digital health messaging via electronic health record (EHR) systems, announces a new initiative with specialty-specific EHR provider Modernizing Medicine to help patients save money and be better educated about their prescriptions. As part of the partnership, OptimizeRx services will operate seamlessly within the Modernizing Medicine EHR system workflow to notify health care providers (HCPs) of potential prescription savings and support information for their
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50% of All Healthcare Providers Are Connected Electronically Through Carequality Interoperability Framework
During The Sequoia Project’s Annual Meeting taking place this week, one of its key initiatives, Carequality, reported tremendous growth since it became operational in July of 2016. To date, more than 1,000 hospitals, 25,000 clinics, and 580,000 healthcare providers are connected through the Carequality interoperability framework, representing more than 50% of all healthcare providers in the country. Carequality is a national-level, consensus-built, common interoperability framework to enable
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Steward Health Care System to Implement MEDITECH’s Web EHR At 8 Additional Hospitals
Steward Health Care, the largest private hospital operator in the United States, today announced it will implement MEDITECH's Web EHR at eight additional hospitals The implementation of MEDITECH's Web EHR reflects Steward's recent expansion in Massachusetts, Pennsylvania, Ohio, and Florida. A MEDITECH customer for 19 years, Steward recognized MEDITECH as a trusted EHR source for the newly acquired eight sites. While Steward values its success with MEDITECH's legacy platforms, the multi-faceted
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