The promise of primary care on improved health outcomes has been proven over time. At the core of this equation is a robust and longitudinal patient-provider relationship. These positive relationships often improve patient satisfaction, yielding higher engagement and utilization of primary care services. However, recent studies suggest people are not engaging with primary care.
In fact, internal Teladoc Health data has shown that 80% of members do not have a strong relationship with a
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Digital Health Funding Tops $29.1B Across 729 Deals in 2021
What You Should Know:
- Digital health funding in the U.S. reached $29.1 billion across 729 deals, according to latest research from Rock Health, a full-service venture fund dedicated to digital health. The total nearly doubles 2020’s $14.9B record with an average deal size of $39.9M.
- The findings signal both the cause and effect of trends in the healthcare landscape as the digital health sector deals with major changes to its infrastructure, business models, and talent pool
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R1 Acquires Revenue Cycle Company Cloudmed for $4.1B
What You Should Know:
- R1, a leading provider of technology-driven solutions that reduce friction in healthcare, has just acquired CloudMed, a leader in Revenue Intelligence™ for healthcare providers in a $4.1B cash deal.
- Upon closing of the transaction, current R1 shareholders will own approximately 70% of the combined company on a fully diluted basis and Cloudmed equity holders will own approximately 30%. Cloudmed equity holders will enter into an 18-month lockup agreement, subject to
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Castlight Health and Vera Whole Health Merge in $370M Deal
What You Should Know:
- Castlight Health and Vera Health announce merger, the combined company will integrate Castlight’s market-leading navigation technology with Vera’s best in class advanced primary care model to expand access to care, reduce healthcare costs, and improve outcomes.
Castlight Health, Inc. (“Castlight”) (NYSE: CSLT), a healthcare data and navigation company, and Vera Whole Health, Inc. (“Vera”), a pioneer in advanced primary care, jointly announced a merger agreement
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We Recall Drugs with Adverse Effects, So Why Not Recall AI Algorithms with Racial Bias?
Over the last decade, AI has transformed from a futuristic, hype-driven tool, to now being a daily part of our lives. We use AI for everything from unlocking our smartphones, to evaluating our credit scores, to helping clinicians make patient care decisions. In particular, the potential of AI to transform drug development and patient care is unparalleled – its ability to gather objective insights can help elevate a clinical trial’s data and bring potentially life-saving drugs to people in need
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Oracle Acquires Cerner for $28.3 Billion in Historic Health IT M&A Deal
What You Should Know:
- Oracle Corporation and Cerner Corporation today jointly announced an agreement for Oracle to acquire health IT leader Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. The acquisition of Cerner will be a huge additional revenue growth engine for Oracle as it immediately grabs significant market share in the healthcare space. In addition, Oracle plans to expand Cerner's business into many more countries
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Dark Data in Healthcare: Health IT’s Next Big Opportunity?
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
What You Should Know:
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
What You Should Know:
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
What You Should Know:
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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