What You Should Know: - Foundation Medicine (FMI) announced today a partnership to integrate its comprehensive genomic testing services into Epic’s electronic medical record (EMR) platform, making it easier for oncologists to order comprehensive genomic tests (CGP), review results, continually access clinical and genomic information and share among their care teams in order to develop personalized treatment plans quickly and efficiently for their patients. See the full release
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Experity Launches $50M Urgent Care EMR/PM to Power On-Demand Care
What You Should Know: - Experity, the chosen partner of 50% of U.S. urgent care clinics, announced their new EMR and PM operating system in direct response to the pivotal, pandemic-driven movement towards on-demand healthcare. The company has committed over $50 million in product and development to bring this new urgent care-focused EMR/PM to market in under two years. - With Experity’s new EMR/PM solutions, on-demand care and urgent care facilities can keep up
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Foundation Medicine Integrates Genomic Profiling with Flatiron Health’s EMR
What You Should Know: - Foundation Medicine (FMI) announced today it will begin integrating with Flatiron Health and other electronic medical record (EMR) systems to make it easier for oncologists to order comprehensive genomic tests (CGP), review results, continually access clinical and genomic information and share among their care teams in order to quickly and efficiently develop personalized treatment plans for their patients. - This integration, the first of a
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Patient Experience 2.0: A Shift in Priorities Defined by A Year of the Pandemic
The COVID-19 pandemic has upended the healthcare continuum within the past year, creating many roadblocks in the path towards high-quality care delivery. Amid these challenges, we have witnessed a significant shift in patient wants and needs, in addition to heightened demand for accessible, convenient clinical care. Notably, the desire for more care processes to be performed digitally has emerged as a priority among patients. According to a recent survey by Accenture about patient behaviors, 60%
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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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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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