What You Should Know: ReviveHealth, a whole health and integrated care company, has acquired SwiftMD, a virtual care services company with a strong physician network. - The acquisition was facilitated by Eir Partners, a Miami based private equity firm that invests in high growth healthcare companies. Eir Partners took a majority interest in ReviveHealth as a part of the transaction. SwiftMD Background SwiftMD is a digital virtual health company with the highest utilization rate
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COVID-19 Health Systems Impact: What Will Stop The Cash Hemorrhage?
The material cost of COVID-19 has been at the center of public discourse since the early days of the pandemic. In 2020, growth in federal government spending on healthcare increased 36 percent, compared to the 5.9 percent bump in 2019. While the distribution of vaccines has allowed for a version of pre-pandemic life to resume, hospitals are still not recovered from the high rates of hospitalizations that occurred in March 2020, and the indirect costs of the pandemic continue to loom over the
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M&A: OpenLoop Acquires Reliant.MD’s Practice Group
What You Should Know: - OpenLoop Health, a leader in white-label telehealth support services powering virtual and hybrid care across the country, today announced its acquisition of Reliant.MD's practice group. Financial details of the acquisition were not disclosed. - The acquisition enables OpenLoop to continue to expand the depth of its clinical services and further confirms its place as a leader in digital and hybrid healthcare delivery. - For Reliant Immune Diagnostics, Inc. the
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90% of Americans Used Telehealth in The Past Year, Survey Finds
What You Should Know: - Independa, an award-winning TV-based platform providing remote engagement, education and care, recently announced the results of their latest commissioned survey examining behaviors and attitudes of smart TV users and their experiences surrounding telehealth - Results from the November 2022 study found that over 90% of Americans used telehealth services in the last year, and that 90% enjoyed their experience. Some of these services included doctors appointments,
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Teladoc Health Launches Fully Integrated Whole-Person Care Experience App
What You Should Know: - Teladoc Health launches a fully integrated healthcare experience through a new comprehensive digital application enabling personalized whole-person care to individuals. - The app will enable consumers to seamlessly access Teladoc Health’s full range of services, including primary care, mental health and chronic condition management from one place and under a single portable account. - In addition, Teladoc Health’s full suite of services will be available in
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CipherHealth Partners With SADA to Enable Better Patient Care w/ Enhanced SDOH Data
What You Should Know: - Today, CipherHealth announced it has engaged SADA, a leading business and technology consultancy and award-winning Google Cloud Partner, to deploy Google Cloud’s Looker to collect socioeconomic data to improve patient care. - CipherHealth previously had platform capabilities that provided healthcare providers with robust conversational and clinical data for each patient. They partnered with SADA, with expertise in deploying and configuring Google Cloud’s
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Why Speech Therapy is an Effective Treatment to Counter the Health Challenge of Social Determinants of Health (SDoH)
Over recent years, the virtual speech therapy delivery model has intersected with a host of healthcare disruptions -- value-based care delivery, the COVID-19 pandemic and the influence of social determinants of health (SDoH) have reshaped healthcare delivery. There has been a seismic move away from a provider-centric delivery model to a patient-centric model. This innovation has been made much easier with the ever-present catalyst of technology and its increased patient acceptance. Speech
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To Truly Address Behavioral Health Worker Shortages, We Need Telemedicine
In late September, the Senate Finance Committee released a bipartisan discussion draft bill that aims to address the nation’s crippling behavioral healthcare crisis by providing funding for 4,000 Medicare Graduate Medical Education psychiatry residencies over the next decade. Four thousand more psychiatrists are certainly a step in the right direction, but there is still much work to be done in light of projections that we will be short between 14,280
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Brightside Health Launches Telehealth Program to Combat Suicide Epidemic
What You Should Know: - Brightside Health today announced Crisis Care, a telehealth program treating individuals with elevated suicide risk. With the addition of Crisis Care, the company will expand its services to individuals experiencing acute suicidal thoughts and behaviors. - While telehealth has improved access to mental healthcare, the majority of virtual mental health services only treat patients with low-to-moderately severe conditions. This
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Baptist Health Taps TytoCare to Enhance Virtual Care to Patients
What You Should Know: - TytoCare has partnered with Baptist Health, a full-spectrum health system, to bring Tytocare’s virtual care solutions to patients in Kentucky and Indiana. - As part of the partnership, Baptist Health will integrate TytoCare’s Home Smart Clinic solution into its current telehealth offering, enhancing the health system’s ability to diagnose and treat patients with in-depth, remote physical examinations during virtual visits, including urgent
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