Health IT VC funding reached $1.6 billion in 165 deals compared to $845 million in 154 deals in Q4 2016, almost doubled quarter-over-quarter (QoQ), according to the latest report from Mercom Capital Group. The report finds that VC funding in Q1 2017 was also up compared to Q1 2016 when nearly $1.4 billion was raised in 146 deals. Since 2010, VC funding in the Healthcare IT sector has now crossed $20 billion (2010 - Q1 2017).Here are ten key trends to know from the Mercom’s latest report:1. The
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Health IT | News, Analysis, Insights - HIT Consultant
Northwell Health Develops Homegrown Real-Time Care Navigation Tool for Patients
Northwell Health’s IT department, in conjunction with Northwell Health’s Population Health Management department has developed a new care navigation tools changing the way health care workers assess, monitor and coordinate patient care. The new tool is designed to helped close the care loop for patients while hospitalized – and more importantly – after they are discharged.Available to staff on their laptops through Northwell’s secure network, the care tool delivers real-time notifications to
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Health Record Banking Alliance Joins NATE to Give Patients Control of their Records
The National Association for Trusted Exchange (NATE), a not-for-profit membership association focused on enabling trusted exchange has welcomed the Health Record Banking Alliance (HRBA) as its newest association member. HRBA is a non-profit organization founded in 2006 to promote consumer-centered, consumer-controlled, comprehensive, lifetime electronic health records.The Health Record Banking Alliance advocates for a consumer-centered, unified, lifetime electronic health record. After
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Healthbox Launches Horizon Scan Platform to Help Healthcare Organizations Evaluate Digital Health Solutions
Healthbox, a Chicago-based healthcare innovation consulting firm and venture capital investment manager, announced the launch of their new platform Horizon Scan to help healthcare organizations optimize their digital health vendor sourcing process. For healthcare organizations, the new Horizon Scan platform will serve as a sourcing tool to successfully find and evaluate innovative digital health solutions.Many healthcare organizations are currently faced with tenuous profit margins and an
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5 Basic Steps for Hospitals to Improve Their Data Security
If you’re a small healthcare IT operation, a simple spreadsheet might do the trick. If you’re larger, a not-so-simple spreadsheet might be in order.Regardless of how you do it, hospitals, clinics and other healthcare organizations must identify and monitor every single instance of computer network access. They’re called endpoints, says Larry Ponemon, founder of the security consulting firm the Ponemon Institute, and for you they exist as vulnerabilities.Your job is to eliminate them through a
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The Leapfrog Group Unveils Medical Errors Calculator to Estimate Lives and Dollars Impact
The Leapfrog Group, a nonprofit organization dedicated to quality and safety in healthcare has announced the release of its new Lives and Dollars Lost to Medical Errors Calculator, a new tool that illuminate the impact medical errors have on an employer’s covered population. Originally launched in 2013 as the Hidden Surcharge Calculator, the new interactive tool allows purchasers to estimate the number of avoidable deaths among covered lives; how much they spend annually due to medical errors
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TruCode and CPSI Integrate to Improve Workflow and Coding Accuracy
Medical coding software provider TruCode has announced a partnership with CPSI, a provider of healthcare solutions for community hospitals and post-acute care facilities nationwide. As part of the partnership, TruCode Encoder will integrate seamlessly with both the Evident and Healthland EHR offerings to streamline coder workflow, boost productivity, and improve coding accuracy.TruCode’s knowledge-based approach to coding is based on its renowned Intelligent Research Pane, which acts as a
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ClearDATA Raises $12M to Expand HIPAA Compliant Cloud
Managed cloud provider ClearDATA has raised $12 million in funding from investors Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners. The funding will be used to expand the company’s presence in the marketplace and for continued product innovation. The latest round bring the company's total funding to date at $55 million. “ClearDATA has achieved considerable revenue and customer growth
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NextGen Healthcare to Acquire Mobile EHR Engagement Platform Entrada for $34M
NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc. has acquired Entrada, Inc., a Brentwood, TN-based mobile engagement platform for EHRs for $34 million in cash. The acquisition is expected to close upon completion. Entrada reported revenue of approximately $12 million and had a loss of approximately $2 million in 2016.Founded in 2005, Entrada’s mobile app platform integrates with multiple clinical platforms and all major EHRs. Because of its
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Aprima EHR Integrates With ActX to Bring Precision Medicine Into The Physician’s Office
Aprima, a physician pratice-focused EHR provider has announced an integration partnership with Genomic Decision Support platform ActX to bring precision medicine into the physician’s office. The addition of the ActX platform provides Aprima clients with access to genomics in everyday patient care and delivers clinically actionable insights that facilitate personalized medication and screening choices based on a patient’s unique genetic profile.Imagine, during your office visit, your physician
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