What You Should Know: - RxLive, a provider of population health pharmacy solutions, today announced a $5 million Series A funding round led by SpringTide with participation by Cardinal Health. RxLive has raised a total of $8 million to date. - As value-based pharmacy care models expand beyond the retail pharmacy setting RxLive will use the funding to expand its engineering, analytics, and sales and marketing teams, with particular investment in the continuous improvement of its AI and the
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Is It Finally Time for Hospital-at-Home or is Time Up?
All the signs point to a bright and expansive future for hospital-at-home programs, which have been growing steadily since the Centers for Medicare and Medicaid (CMS) created the Acute Hospital at Home waiver program in November 2020. As of March, nearly 100 health systems and more than 200 hospitals in 34 states had been approved for the program. Meanwhile, Forrester predicts the number of hospitals delivering acute care at home will triple in 2022. The reasons why are compelling: a study
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HealthQuest Capital Closes $675M for Fund IV to Invest in Transformational Healthcare Companies
What You Should Know: - HealthQuest Capital, a sector specialist capital firm focused on companies optimizing value in healthcare, today announced the close of HealthQuest Partners IV, L.P., at its hard cap of $675M . - The oversubscribed fund will enable HealthQuest to continue to invest in growth-stage companies that are revolutionizing the healthcare industry. Providing Growth Capital to Companies Transforming Healthcare Founded in 2013 by Garheng Kong, a physician, scientist, and
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Cardinal Health Leverages Blockchain to Streamline Pharmaceutical Supply Chain
What You Should Know: - Cardinal Health and Chronicled announced a partnership to leverage a new blockchain-powered solution on the MediLedger Network to streamline operations across the pharmaceutical supply chain and enable a reliable, frictionless experience for pharmacies across the country. The new blockchain solution will allow Cardinal Health to optimize the complex process of pharmaceutical chargebacks and create greater connectivity for its suppliers and
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Cardinal Health and Deep Lens Collaborate for AI-based Oncology Clinical Trial Matching
What You Should Know: - Today, Deep Lens and Cardinal Health announced a strategic collaboration that will integrate Deep Lens’ AI-based clinical trial matching solution, VIPER, into community-based oncology practices throughout the Cardinal network. VIPER will be a part of Cardinal Health’s new Navista advanced suite of technology solutions designed to help oncologists improve outcomes, provide high quality care at the best possible cost and select the right care plan at the onset of
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Healthcare PE Firm Heritage Group Launches $300M Health Tech Fund
What You Should Know: - Healthcare private equity firm Heritage Group launches a $300M fund to invest in high-growth healthcare services and technology companies. - Heritage is backed by some of the leading healthcare organizations in the nation, including large provider systems, payers, and healthcare service providers. Heritage Group, a Nashville, TN-based healthcare-focused private equity firm, today announced the closing of over $300 million in its oversubscribed third fund, an
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Oncologists Believe Social Determinants of Health Impacts Outcomes for Cancer Patients
What You Should Know: - Oncologists state social determinants of health (SDOH) significantly impact outcomes for cancer patients, according to new research from Cardinal Health Specialty Solutions. - The findings illustrate certain disconnects between physician perceptions and the increasing body of evidence on the significance of SDOH. - Appropriately, 91 percent of respondents agreed or strongly agreed that SDOH directly impact cancer treatment outcomes. More than 90% of
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Medically Home Group Nabs $10M for Scalable, Virtual Hospital Platform
Medically Home Group, Inc., a Boston, MA-based technology-enabled services company has raised $10 million in Series B funding led by Cardinal Health and other investors. This strategic investment for Medically Home from Cardinal Health and other investors illustrates the rapid movement in the market for innovative value-based models. The company plans to use the latest round of funding to support scaling efforts and to realize a common vision of enabling cost-effective, patient-centric
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Survey: Providers Need Better OR Supply Chain Management Systems to Reduce Costs
A new Cardinal Health survey finds that healthcare providers need better operating rooms (OR) supply chain management systems to reduce costs and support patient safety. The survey of 305 surgical staff and hospital supply chain decision-makers fielded by SERMO provides insight into the current inventory management needs of operating rooms in the U.S.Financial challenges persist across health care systems. And while the OR is among the top revenue drivers for a hospital, it’s also one of the
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New OR Workflows Helps Reduce $5 Billion in Supply Chain Waste
Every year, more than $5 billion is wasted on expired, lost or uncaptured medical device and implantable charges. While this supply chain waste is pervasive throughout entire health systems, the intricacy of managing high-value items is exceptionally demanding in the operating room (OR). To help address waste in the OR, Cardinal Health Inventory Management (CIMS) has launched new, cloud-based automated workflow modules for challenging-to-manage inventory such as biological implants, sutures, and
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