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Tech-Enabled PBO RxBenefits Reaches $1.1B Valuation After Recapitalization

by Fred Pennic 01/19/2021 Leave a Comment

Tech-Enabled PBO RxBenefits Reaches $1.1B Valuation After Recapitalization

What You Should Know: - Private equity firm Advent International announced that it has completed a recapitalization of RxBenefits, the employee benefits industry’s first and only technology-enabled pharmacy benefits optimizer (PBO). - The transaction values RxBenefits at approximately $1.1 billion. Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has completed a recapitalization of RxBenefits, the
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20 COVID-19 Predictions and Trends for 2021 – Executive Roundup

by Fred Pennic 01/05/2021 Leave a Comment

20 COVID-19 Predictions and Trends for 2021 - Executive Roundup

Dr. Justin Graham, Chief Medical Officer, GYANT The rapid development of a COVID-19 vaccine is a monumental achievement, but it does nothing to address our extremely fragmented healthcare system. In 2021, policymakers must create and extend incentives to providers to work together to keep patients healthy rather than maximize profit. The pandemic has devastated the traditional fee-for-service budgets of many healthcare systems, and it isn't clear they will ever be able to catch up without
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M&A: Cedar Gate Acquires Deerwalk to Enhance Value-Based Care Analytics

by Jasmine Pennic 12/17/2020 Leave a Comment

M&A: Cedar Gate Technologies Acquires Deerwalk to Enhance Value-Based Care Analytics

What You Should Know: - Cedar Gate acquires Deerwalk, an innovative population health management, data management, and healthcare analytics software company based in Lexington, Massachusetts. - By acquiring Deerwalk, Cedar Gate expands its employer-based offerings with the ability to actively engage employers and ASOs as they manage rising healthcare costs. The combined suite of offerings improves the patient experience and delivers financial sustainability. Cedar Gate Technologies
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Addressing Social Determinants of Health: IT Solutions to Engage Community Resources

by Fred Pennic 11/11/2020 Leave a Comment

Addressing Social Determinants of Health: IT Solutions to Engage Community Resources

What You Should Know: - The latest report from Chilmark Research examines the new approaches and tools for utilizing community resources that can address social determinants of health, giving providers the ability to extend care beyond the confines of the clinic. - This research indicates that the next two years will largely bring an expansion of product capabilities with slow and steady growth in implementation as the market better defines key variables and sets standards for
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JPC Taps Proscia to Modernize World’s Largest Human Tissue Repository

by Fred Pennic 10/20/2020 Leave a Comment

JPC Taps Proscia to Modernize World's Largest Human Tissue Repository

What You Should Know: - The U.S. government’s Joint Pathology Center, which houses the world’s largest human tissue repository, today announced that Proscia, a leading digital and AI pathology company, will provide end-to-end modernization of JPC’s pathology operations. - The multi-phase project will digitize the world’s largest human pathology specimen repository in order to enhance biomedical research for cancer and infectious diseases like COVID-19, and enable easier data sharing with
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Designating Ownership of Provider Data Will Improve Care Coordination, Study Finds

by Jasmine Pennic 09/18/2020 Leave a Comment

Designating Ownership of Provider Data Will Improve Care Coordination, Study Finds

What You Should Know: - New LexisNexis Risk Solutions Health Care survey reveals that 63% of respondents believe designating ownership of provider data will improve care coordination, yet only 18% of organizations report having a dedicated data governance department - The survey results are based on over 100 qualified responses from organizations across the industry, including independent hospitals, teaching hospitals, independent physician groups, and federally qualified health
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Raising the Bar for COVID-19 Data Integrity and Disease Surveillance

by Seth Hirsch, COO, SES Corporation 09/14/2020 Leave a Comment

Raising the Bar for COVID-19 Data Integrity and Disease Surveillance

Seth Hirsch, COO, SES Corporation Just a few weeks ago, the mood among technologists in the Coronavirus pandemic remained cautiously optimistic about reopening society with the help of testing data, contact tracing apps, and other IT-enabled resources.  But the recent spike in illness – 1.9 million new US cases in July, more than double any other month – is a sobering reboot on a crisis we now understand needs far more IT and data coordination than previously recognized.  The emerging
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CancerIQ Raises $5M to Expand Genetic Cancer Risk Assessment Platform

by Fred Pennic 08/14/2020 Leave a Comment

CancerIQ Raises $5M to Expand Genetic Cancer Risk Assessment Platform

What You Should Know: - CancerIQ raises $5M in Series A funding led by HealthXVentures to accelerate the growth of its genetic cancer risk assessment platform to identify and manage patients at high risk of cancer. - CancerIQ’s technology enables hospitals to use genomics to personalize the prevention and early detection of cancer. - Two new hires recently joined CancerIQ’s newly formed Integrated Products team from Epic, with the goal of advancing CancerIQ’s integration with leading
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M&A Analysis: 3 Benefits of Siemens Healthineers’ $16.4B Acquisition of Varian Medical

by Steve Holloway, Director at Signify Research 08/07/2020 Leave a Comment

M&A Analysis: 3 Benefits of Siemens Healthineers $16.4B Acquisition of Varian Medical

What You Should Know: - Siemens Healthineers and Varian Medical announce a $16.4B deal in an all-cash transaction on 2nd August 2020. - Deal expected to close in 1H 2021. - Varian Medical will maintain its brand name and operate “independently” - Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of the transaction. News of the deal between Siemens Healthineers and Varian Medical will have caught many industry onlookers off guard on Sunday evening.
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Philips Launches Pre-Hospital Wireless Monitoring Solution for Emergency Medical Response

by Fred Pennic 07/29/2020 Leave a Comment

Philips Launches Pre-Hospital Wireless Monitoring Solution for Emergency Medical Response

What You Should Know: - Philips receives 510(k) clearance from the FDA for its pre-hospital wireless monitoring solution (Tempus LS- Manual), now offering its remote monitor and defibrillator solution (Tempus ALS) to EMS customers in the U.S. - Solution delivers real-time bidirectional data transfer for remote patient monitoring, giving EMS responders a new approach to pre-hospital care. Philips, today announced the launch of its remote monitoring and defibrillator solution
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