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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Why the Digital-First, Patient-Centered Care is Critical to Healthcare
In the turmoil of one of the hardest years the healthcare industry has experienced, many healthcare organizations innovated nearly overnight, transforming bedside tablets into virtual care providers and parking garages into field hospitals. Through the help of agile, flexible technology, healthcare has empowered providers to support patient care anywhere. The pandemic created a tipping point: The healthcare industry must accelerate its drive toward a digital-first mentality.
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Boost Operational, Clinical and Financial Performance with Good Data
There’s an old adage that every challenge is merely an opportunity in disguise. COVID-19 highlighted the healthcare industry’s ongoing challenge with producing clean, standardized data. As the industry looks to rebound from the severe financial impact of the pandemic, there’s a renewed urgency among hospitals and health networks to improve operational efficiency. The push toward greater operational efficiency – in a time of constrained budgets and resources – has accelerated
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Ro Nabs $500M to Strengthen Vertically Integrated Primary Care Platform
What You Should Know: - Ro, the healthcare technology company, today announced it has raised $500 million in Series D fundraising round led by existing investors General Catalyst, FirstMark Capital and TQ Ventures, with significant participation from existing investors SignalFire, Torch and BoxGroup as well as new investors Altimeter, Baupost, Dragoneer, Shawspring, Radcliff, and 776. The Series D brings Ro’s total fundraising since its founding in 2017 to $876 million. - This news
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MEDITECH Expanse Leads Customer Satisfaction for Small Community Hospitals, KLAS Report Finds
What You Should Know: - Small community hospitals (1–200 beds) leaders cite MEDITECH Expanse Acute Care EMR as a leader in delivering the most consistent customer experience, according to a new KLAS report. The KLAS report reveals that while Epic and Cerner EMRs leads in performance among large organizations they don’t deliver as consistently for smaller hospitals. Customers cite their approaches to the community market—hub-and spoke relationship (Epic) and shared server (Cerner)—create
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Wellstar Invests $10M to Become First Sharecare-Enabled Health System
Wellstar Health System, one of Georgia’s largest and most integrated healthcare systems, and Sharecare, the digital health company that helps people manage all their health in one place, announced a strategic partnership to collaborate on unique, market-leading innovations in personalized care delivery, population health, and consumer engagement. Through this partnership, Wellstar also will become the first “Sharecare-enabled” health system in the country, utilizing Sharecare’s solutions to
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Canadian-Based EMR MEDFAR Raises $25M to Expand Into North America
What You Should Know: - MEDFAR Clinical Solutions, a Montreal-based Electronic Medical Record (EMR) provider in Canada, announced today a minority investment of nearly $25 million led by Walter Capital Partners. - MEDFAR’s cloud-based EMR solutions, MYLE and PLEXIA, are built with physicians in mind. MEDFAR R&D is performed in partnership with doctors and healthcare administration and is driven by our clients' needs. - The MYLE EMR, tailored to general practitioners,
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Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards
What You Should Know: - Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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CHIME-KLAS Report Reveals 10 Key EMR Interoperability Trends
What You Should Know: - New CHIME-KLAS interoperability report reveals steady
progress in some areas related to interoperability and leaps forward in others. - A total of 67% of provider organizations reported they
often or nearly always had access to needed records in 2020, up from 28% in
2017. Providers noted improvements in functionality and usability for tasks
like locating and viewing records. Both providers and the companies that produce the hardware and software needed
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Intelligent Automation of the Revenue Cycle: How an Integrated Platform Approach Yields Financial Results
Healthcare provider networks are experiencing enormous pressure to manage financial margins and invest in contactless patient experiences. With overall financial losses projected to exceed $323 billion as a result of COVID-19, a projected $200 billion in administrative waste due to revenue cycle inefficiencies, and increasing pressure to meet digital consumerism demands, it is essential for health systems to find ways to streamline processes, maximize their revenue cycles and cut costs. These
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