Healthcare IT professionals have long faced data challenges - from sorting out storage issues during the Big Data age to complying with HL7 standards to adapting infrastructure amidst a rapid shift to telehealth. While these advancements have all improved information sharing across the industry and ultimately the patient experience, it’s also created mountains of data. In fact, RBC Capital reports that the healthcare industry generates 30% of the world’s data with that number expected to grow to
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Microsoft and CVS Health Partner to Accelerate Personalized Care Experience
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CVS Health and Microsoft announce a new strategic alliance to reimagine personalized care and accelerate digital transformation.
CVS Health (NYSE: CVS) and Microsoft Corp. (NYSE: MSFT) today announced a new strategic alliance focused on developing innovative solutions to help consumers improve their health while empowering over 300,000 CVS Health employees – including frontline workers – with tools to better serve more than 100 million people. The collaboration with
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VP Harris Unveils $1.5B Investment to Bolster Health Equity, Diversity Health Workforce
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VP Kamala Harris unveils a $1.5B investment in national health service corps and nurse corps will expand and diversify the health workforce and improve critical clinical care in underserved communities.
On Monday, Vice President Kamala Harris announced a $1.5 billion investment to help grow and diversify the nation’s health care workforce, and bolster health equity in the communities that need it most during the COVID-19 pandemic
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Hellman & Friedman and Bain Capital Acquires athenahealth for $17B
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Hellman & Friendman LLC and Bain Capital acquire health IT company athenahealth for $17 billion dollars.
Private Equity firms Bain Capital and Hellman & Friedman LLC has announced it has acquired athenahealth, a cloud-based enterprise software solution for medical groups and health systems for $17B. In September, it was reported PE firm Veritas Capital and hedge fund Elliot Investment were exploring options to sell athenahealth for $20B or file for an
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Color Raises $100M at $4.6B Valuation to Expand Accessible, Equitable Public Health Infrastructure
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- Color, a San Francisco, CA-based health technology company committed to advancing public health, announced a $100 million Series E financing round at a valuation of $4.6 billion led by Kindred Ventures and by certain funds and accounts advised by T. Rowe Price Associates, Inc. with participation by existing investors General Catalyst, Viking Global Investors, and Emerson Collective.
- Color makes population-scale healthcare programs accessible, convenient, and
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GE to Form Tax-Free Spin-Off of GE Healthcare Focused on Precision Health
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Today, GE announced plans to form a tax-free spin-off of GE Healthcare, creating a pure-play company at the center of precision health in early 2023.
The announcement is part of GE plans to form three independent industry-leading, global, investment-grade public companies focused on the growth sectors of aviation, healthcare and energy.
GE is on track to reduce debt by more than $75 billion by the end of 2021 and is now on track to bring its net-debt-to-EBITDA*
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Senior Companion Platform Papa Raises $150M at $1.4B Valuation
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- Senior companion and support platform Papa, today announced a $150M in Series D funding to extend the reach and scale of Papa’s innovative solution. With a valuation of $1.4B, this funding round, led by SoftBank Vision Fund 2 and with participation from TCG, Tiger Global Management, Canaan, Initialized Capital and Seven Seven Six, brings Papa’s total funding to $240 million.
- Since its 2017
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Decentralized Clinical Trials: Keys to Optimizing Diversity and Inclusion
The U.S. pharma industry and research intuitions have long struggled with increasing clinical trial diversity in an effective, sustainable, and scalable fashion. Clinical research, in general, acknowledges the universal struggle of recruiting enough participants from various demographic groups. For example, racial and ethnic minorities have been historically underrepresented in clinical trials—a problem that still persists today.
According to Deloitte, African Americans comprise 13% of the
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Notable Secures $100M to Expand Intelligent Automation in Healthcare
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- Notable, a San Mateo, CA-based leader in healthcare intelligent automation, today announced it has raised $100M in Series B funding led by ICONIQ Growth, including participation by Greylock, F-Prime Capital, and Oak HC/FT to accelerate growth and innovation within the healthcare industry.
- The company plans to use the new round of funding to pioneer a novel intelligent automation approach for healthcare with the mission of reducing administrative burden
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Kareo and PatientPop Merge to Form Tebra to Create All-in-One Practice Platform
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- Kareo, a provider of cloud-based clinical and financial software, and PatientPop, a provider of practice growth technology, today announced the closing of their merger and the unveiling of the combined company’s new name, Tebra.
- The name Tebra is derived from the word “vertebrae” and symbolizes the role the new company serves as the backbone of practice success, delivering digital technology to connect providers and their patients. The combined company currently
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