As COVID-19 continues to influence patient behaviors and causes providers to reevaluate how they operate their businesses, healthcare practices all around the world started looking for solutions that emphasize clinical efficiencies, elevate patient revenue cycle management, as well as feature enhanced reporting, and analytics tools. More so, along with facing challenges of the patient intake process during a pandemic, providers have also been put to the test with learning how to meet the sudden
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Digital Healthcare
Untapping the Potential for Virtual Care in a Pandemic and Beyond
Virtual care is everywhere and ubiquitous. But at a time when the world is amid a global pandemic, virtual care is also being underutilized. The technology exists today to help our healthcare system not only more effectively and efficiently manage care during COVID-19, but also exponentially scale capacity in the face of future outbreaks.
Virtual care defined
Virtual care is a broad term. It encompasses all the ways healthcare practitioners provide for care remotely. This can mean
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UPMC Spinout Astrata Launches NLP Platform to Improve Value-Based Care
What You Should Know:
- UPMC spinout company Astrata launches a natural language processing (NLP) technology platform that allows health insurers to more efficiently analyze unstructured clinical data.
UPMC Enterprises, the innovation and commercialization arm of UPMC has incubated and launched Astrata, a digital healthcare quality company. Astrata uses advanced analytics and natural language processing (NLP) to improve value-based care.
Founded by Rebecca Jacobson, M.D., M.S. Astrata
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Abbott to Launch App to Track and Report Pain Relief in Chronic Pain Patients
What You Should Know:
- Abbott launches new app, NeuroSphere myPath that will
allow patients to record their pain relief during the device trial period with
spinal cord stimulation or dorsal root ganglion therapy, simplify reporting
outcomes and connect patients to physicians who have real-time access to this
data
- NeuroSphere myPath will be available in the Apple App
Store in the coming weeks and will be compatible with the latest iOS operating
system
Abbott announced the
upcoming
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2020’s Top 20 Digital Health M&A Deals Totaled $50B
Teladoc Health and Livongo Merge
The combination of Teladoc Health and Livongo creates a
global leader in consumer-centered virtual care. The combined company is
positioned to execute quantified opportunities to drive revenue synergies of
$100 million by the end of the second year following the close, reaching $500
million on a run-rate basis by 2025.
Price: $18.5B in value based on each share of Livongo
will be exchanged for 0.5920x shares of Teladoc Health plus cash consideration
of
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SPAC Merges with 2 Telehealth Companies to Form Public Digital Health Company in $1.35B Deal
What You Should Know:
- GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a public digital healthcare company valued at $1.35 billion, including debt, the blankcheck acquisition company said on Monday.
- The combined company will be named UpHealth, Inc. and
will continue to be listed on the NYSE under the new ticker symbol “UPH”.
Blank check acquisition
company GigCapital2 agreed to merge
with Cloudbreak Health, LLC, a unified
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Aptar Pharma Acquires the Assets of Respiratory Startup Cohero Health
What You Should Know:
- Apstar Pharma acquires the assets of respiratory health company Cohero Health to expands its digital portfolio with a focus on respiratory disease management.
- Cohero Health develops digital tools and technologies to improve respiratory care, reduce avoidable costs, and optimize medication utilization.
AptarGroup, Inc., a global leader in consumer dispensing, active packaging, drug delivery solutions, and services, announces that it has acquired all operating
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Fern Health Taps 10M Mass General De-Identified Patient Records for Pain Management
What You Should Know:
- Fern Health will reveal a
first-of-its-kind collaboration with Mass General Hospital where it will inform
existing and future digitally-delivered pain management programs through the
marriage of AI + predictive analytics with 10 million de-identified Mass
General patient records.
- MGH will validate emerging Fern Health products and pilot new products in clinical environments, setting the stage for Fern expansion into all aspects of non-invasive multimodal pain
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CloudMD Acquires Digital Patient Engagement Platform iMD Health Global for $10M
What You Should Know:
- CloudMD announces it will acquire digital patient engagement platform iMD Health Global for $10M
- The integration of iMD’s educational platform will enable CloudMD to provide its entire network of over 3000 healthcare practitioners, specialists, and allied health professionals and almost 3 million patients with valuable educational resources on healthcare issues, treatments, and preventative solutions.
CloudMD Software & Services Inc., a Vancouver,
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TruePill Raises $75M to Launch At-Home Lab Testing Network
What You Should Know:
- Truepill raises $75 million in Series C funding To expand platform services and launch an at-home lab diagnostics network.
- The company plans to use the funds to expand Truepill’s ecosystem of direct-to-patient capabilities, which includes the Truepill Health telehealth network, pharmacy fulfillment, a custom-built EMR, and more.
Truepill, a San Mateo, CA-based building world-class patient experiences through its API-connected healthcare infrastructure,
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