What You Should Know:
Cadence, a New York City-based health IT company empowering care outside the four walls of the hospital announced its official launch with $41 million in funding and a foundational partnership with national healthcare company, LifePoint Health. The funding was led by General Catalyst and Thrive Capital.
- Cadence has built a breakthrough remote care management platform that will deliver better care to people managing chronic conditions at scale.
- As part of the
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Care Coordination| Clinical Communication News, Analysis, Insights - HIT Consultant
WellSky Acquires Healthify to Enhance Social Determinants of Health
What You Should Know:
- Seamless coordination between providers, community-based organizations, and payers is the key to delivering value-based care at scale. To better connect providers, identify social determinants of health, search for social services, and coordinate care with community partners, WellSky has acquired Healthify. Financial details of the acquisition were not disclosed.
- Together, WellSky and Healthify will connect
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Teladoc Health Integrates Solo platform with Microsoft Teams for Health Systems
What You Should Know:
- Teladoc Health announced a collaboration with Microsoft in which Teladoc Health’s Solo platform for hospitals and health systems will be integrated into the Microsoft Teams environment to strengthen physician and patient access to best-in-class virtual healthcare.
- The combination of communications and workflows in Microsoft Teams with Teladoc Health’s medical-grade whole-person virtual care delivery solutions will simplify
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State Farm Taps Included Health to Improve Healthcare Equity for LGBTQ+ Employees
What You Should Know:
- Today, State Farm announced that it is elevating care for LGBTQ+ employees through a new partnership with Included Health. As a free healthcare benefit, State Farm employees and their families now have access to a dedicated care coordinator who can help them find supportive, affirming healthcare providers and navigate healthcare challenges.
- Discrimination is rampant in the LGBTQ+ community, with more than 40% say they have experienced discrimination by a
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AlohaCare, Kaiser Permanente to Launch First Social Care Network in Hawaii
What You Should Know:
- Unite Us, the enterprise tech company providing digital infrastructure to create efficient ecosystems of care, today announced a partnership with Kaiser Permanente and AlohaCare, a nonprofit health plan in Hawaii, to implement the first-ever coordinated care network throughout the state of Hawaii.
- As social services like food, employment, and housing continue to be strained due to COVID-19, Unite Hawaii network will bridge the care gap statewide for individuals in
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Walmart to Offer Included Health’s Care Navigation Platform to LGBTQ+ Employees & Families
What You Should Know:
- Today, Walmart announced it is teaming up with Included Health, a LGBTQ+ focused care navigation platform to provide a new healthcare benefit for LGBTQ+ employees and their loved ones.
- Through its partnership with Grand Rounds, associates on a Walmart medical plan and their covered dependents will now be eligible to leverage Included Health’s care-navigation platform tailored for the LGBTQ+ community.
Why It Matters
LGBTQ+ people face serious
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Innovaccer and PatientPing Partner for Real-Time Care Coordination
What You Should Know:
- Innovaccer, today announced a strategic partnership with PatientPing, a real-time care coordination platform.
- As part of the partnership, Innovaccer will become a reseller of Pings, PatientPing’s real-time notification solution, which will be embedded directly within the Innovaccer Health Cloud. This will enable providers to improve care delivery outcomes, simplify care navigation and throughput, reduce out-of-network utilization, and succeed under value-based
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Cohere Health Raises $36M to Automate Prior Authorization Between Payers & Providers
What You Should Know:
- Boston-based health IT company Cohere Health has closed a $36 million Series B funding round led by Polaris Partners, with additional participation from new investors Longitude Capital and Deerfield Management, as well as existing investors Flare Capital Partners and Define Ventures. The round comes less than a year after the company launched, and only 3 months after a Series A extension.
- Cohere Health’s AI-based, fully
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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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Does Telemedicine Impede or Help the Patient-Centered Medical Home?
Traditional patient care patterns have been radically altered by the COVID-19 pandemic. And after more than a year of disruption, it’s doubtful that everyone will revert to those patterns after the pandemic.
New habits have been formed, and consumers are more willing to pursue the path of least resistance in obtaining care, such as opting for quick and easy telemedicine appointments. Both patients and clinicians have identified benefits from virtual care approaches.
However, this and other
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