Summary of Health IT/digital IPOs, merger & acquisition (M&A) activity, and public company performance during the month of July.
Digital Health IPOs in July
Source: Healthcare Growth Partners (HGP)
Breaking the digital health IPO drought, there were four initial public offerings (IPOs) during a five-week period from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare. The last health IT companies to reach IPO were iRhythym Technologies and
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Physician Launches Orsini Way to Bring Compassion to Medical Communication
Dr. Anthony Orsini has announced the launch of his new company, The Orsini Way, a groundbreaking program and digital platform that shows healthcare professionals a completely new way to communicate, dramatically enhance patient satisfaction and improve outcomes. Anthony Orsini, a Board-Certified Neonatologist for more than 20 years, developed the program to help professionals practice compassion when interacting with patients.Originally founded as BBN, The Orsini Way’s initial goal was to help
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Rock Health Report: Is 2019 The Year of the Digital Health IPO?
Digital health funding reached a new record of $4.2 billion across 180 deals in the first half of 2019, according to Rock Health, a full-service venture fund dedicated to digital health. The digital health sector is on track for an $8.4B year in 2019—and may even break 2018’s annual funding total. The report also validates the continued trend of the large $100M+ mega deals, attributing to 30% of venture funding in H1 2019. The 2019 Midyear Digital Health Market Update reflects a maturing digital
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CommonWell Health Alliance Taps Change Healthcare for Clinical Interoperability Services
Change Healthcare has been awarded a six-year contract by CommonWell Health Alliance to continue to provide clinical interoperability services. This agreement allows Change Healthcare to pave the way for health IT interoperability that reduces cost barriers, meets federally mandated requirements and sets the stage for innovations to better address value-based payment and patient needs.Value-based Payment & Transparency Driving the Need for Clinical Interoperability ServicesIn recent years,
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Change Healthcare: Applying AI Could Identify Up to 35% of Denials Prior to Submission
Change Healthcare AI can help providers identify problem claims and prevent denials before they happen, avoiding costly rework, delays, and improving revenue flow.Today Change Healthcare announced that it has applied its Claims Lifecycle Artificial Intelligence (AI) technology to its claims management suite with the introduction of Assurance Reimbursement Management™ Denial Propensity Scoring and Revenue Performance Advisor Denial Prevention. With performance enhanced by Claims Lifecycle AI,
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Change Healthcare’s InterQual2019 Features Hospital in the Home Programs
Change Healthcare today unveiled InterQual® 2019, the latest edition of the company's flagship clinical decision support solution. The new release builds on Change Healthcare’s tradition of continuous innovation in content and technology. Among the new features is support for ‘Hospital in the Home’ programs, which have gained traction as an alternative option to acute inpatient stays. This latest edition also advances the technology in InterQual AutoReview™ with Episode Day One review
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Global Medical Billing Outsourcing Market to Reach $19.7B by 2026
The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a compound annual growth rate (CAGR) of 11.8%, according to a Grand View research report. The report reveals that revenue cycle management (RCM) is one of the most complex components of healthcare IT business driven by challenges in rising healthcare costs, market consolidation, an explosion in clinical documentation, and value-based care initiatives.Key Market Drivers for Global
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Value-based Care in America: A Table View of State-by-State Initiatives
Value-based care programs are flourishing across the U.S., with a seven-fold increase in the number of states implementing such initiatives in the past five years, according to a new Change Healthcare report. The report, Value-Based Care in America: State-by-State is the second national study of state healthcare payment programs that reveal 48 states have now implemented value-based care or payment programs, 50% of those programs are multi-payer in scope, and just four states have little or no
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March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary
A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Rock Health Q1 2019: Digital Health Funding Breaks $986M
Rock Health Q1 2019 report reveals digital health funding breaks $986M and signals end of the digital health IPO drought.
Digital health funding reached $986M across 61 digital health deals in Q1 2019, according to Rock Health, a full-service venture fund dedicated to digital health. The Q1 2019 funding represents about half of the $1.62B that was raised a year ago in Q1 2018 but in line with 2017 and 31% below 2016.
Compared to the $1.2B in Q4 2018, quarterly funding has averaged $1.4B
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