What You Should Know: - David Larsen, healthcare IT and digital health analyst at BTIG published a note highlighting his preview for health-tech Q2 earnings. - Given high inflation rates, costs for traveling nurses, and light volumes in 2Q:22, he is cautious on stocks that sell into the acute care market in the near term. An Overview According to the report, there are many macro headwinds that continue to affect the HCIT sector and the broader market, including inflationary pricing
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Sharecare Appoints Harsha Panyadahundi as Chief Technology Officer
What You Should Know: - Sharecare appoints Harsha Panyadahundi as Chief Technology Officer (CTO) to further the company’s goals to accelerate growth and create greater value for customers and shareholders. Harsha brings a purpose- and results-driven approach to his new role overseeing all engineering and technology development and operations across Sharecare. - Harsha joins Sharecare from Wolters Kluwer, where he led technology for its Health, Governance Risk and Compliance, and
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Anthem Partners With Happify Health to Enhance Maternal Health
What You Should Know: - Anthem, Inc. today announced a collaboration between Happify Health to bridge the gap between the unique physical and mental health concerns women face. - The collaboration will add to its ongoing support of the whole health of women with the addition of a new a digital-first solution in select markets. Enhance Maternal Health with New Digital-First Solution It is part of Anthem’s early and consistent support of women throughout the entirety of their maternal
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Elizabeth Dole Foundation & Cerner Launch Clinical Council
What You Should Know: - In partnership with Cerner Corporation, the Elizabeth Dole Foundation, today announced the launch of the Inclusive Care Clinical Council, a group of healthcare experts, leaders and stakeholders who will assess the impact of the Foundation’s Inclusive Care efforts and guide how it can be expanded to healthcare systems. - The goals of the Clinical Council are to generate a dialogue around assessing the system-wide impact of inclusive care, identify how
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Providence St. Joseph, Anthem Accelerate Value-Based Care with Vim
What You Should Know: - Anthem Blue Cross and Providence St. Joseph Health are accelerating value-based care by using a new technology partner, Vim. The partnership enables the organizations to scale their tech solutions for better payer-provider collaboration to ultimately improve healthcare performance in California. - Vim offers an EHR-integrated application suite that includes Digital Scheduling, Care Gaps, and Referral Guidance solutions, and more. Together, these applications
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Anthem, Epic Integrates Bi-Directional Data Exchange with Affiliated Health Plans
What You Should Know: - Healthcare insurer Anthem has announced a data sharing collaboration with Epic to facilitate secure, bi-directional exchange of health information between healthcare providers and Anthem’s affiliated health plans. - Epic’s Payer Platform will be integrated with Anthem’s Health OS, which is Anthem’s operating system to enable seamless health plan-provider collaboration. - The integration will enable Anthem to capture consumer health information
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies. By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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DispatchHealth Reaches $1.7B Valuation, Raises $200M for In-Home Care Model
What You Should Know: - DispatchHealth has secured an additional $200 million in a Series D round of funding led by Tiger Global. The additional financing brings DispatchHealth into the “unicorn” category and solidifies its valuation at more than $1.7 billion. - DispatchHealth’s new round of financing will allow the company to bring it’s model of in-home medical care to more than 100 markets across the country
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Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation
What You Should Know: - Digital health company Sharecare and special purpose acquisition company (SPAC), Falcon Capital Acquisition Corp, today announced an agreement to merge to go public on the NASDAQ under the ticker symbol SHCR at enterprise value of $3.9B. - The transaction is expected to be funded through a combination of Falcon's $345 million of cash in trust (assuming no redemptions) supported by a $425 million fully committed PIPE at $10.00 per share and the Anthem
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Anthem Acquires Puerto Rico’s Largest Medicare Advantage Plan
What You Should Know: - Anthem, Inc. has entered into an agreement with InnovaCare Health, L.P., to acquire its Puerto Rico-based subsidiaries, including MMM Holdings, LLC (“MMM”) and its Medicare Advantage (MA) plan MMM Healthcare, LLC as well as affiliated companies and Medicaid plan. - MMM is Puerto Rico’s largest MA plan and one of the fastest-growing vertically integrated healthcare organizations in the United States. - With more than 267,000 MA members and over 305,000
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