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
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 Tabula Rasa Healthcare in late 2016 -
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healthcare analytics
Applied Analytics: Making the Dream of Cost-Controlled Population Health a Reality
Ninety percent of a solution is accurately defining the problem, however, in healthcare, much like nearly every other industry, more time and energy is spent on fixing perceived symptoms rather than identifying root caU.S.es.
Today we will explore the contribution that applied analytics has made and continues to make on bending the dramatic U.S. healthcare cost curve. To do this well we will first explore the primary cost drivers (i.e. root caU.S.es), as to why the U.S. spends more on care than
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2019 MedTech Breakthrough Award Category Winners Announced
MedTech Breakthrough, a market intelligence organization that recognizes the top companies, technologies, and products in the global digital health and medical technology market has unveiled the results of its 2019 MedTech Breakthrough Awards program, showcasing technologies and companies that drive innovation and exemplify the best in medical and health-related technology solutions across the globe.MedTech Breakthrough Awards Program OverviewThe MedTech Breakthrough Awards program is the
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BHE Raises $78M To Expand Real-World Evidence Analytics Platform
BHE, a Boston, MA-based innovative healthcare analytics company, today announced a $78 million minority growth investment led by Silversmith Capital Partners (“Silversmith”) and Leerink Transformation Partners (“LTP”). Instant Health DataThe use of real-world evidence (RWE) has grown rapidly within life sciences companies over the last several years, supported by the proliferation of large datasets, new computing technologies, and interest by both payers and regulatory agencies in understanding
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HealthAxis Group Acquires BI/Data Warehouse Company Analytics Partners
HealthAxis Group, an IT solutions provider for healthcare payers, including TPA's and insurance companies has acquired Analytics Partners, a provider of business intelligence and data warehouse solutions for healthcare organizations. Under terms of the acquisition, HealthAxis Group will acquire Analytics Partners stock and assets and will begin consolidating all business under the HealthAxis Group brand.Analytics Partners OverviewAnalytics Partners specializes in analytics solutions such as
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Rock Health Q1 2019: Digital Health Funding Breaks $986M
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 over the past two years (Q1 2017-Q1 2019). Rock Health signals the $986M invested in this past quarter are somewhat below
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Hartford HealthCare Taps Innovaccer’s Healthcare Data Platform to Connect Over 70 Ambulatory Practice Sites
Hartford HealthCare, Connecticut’s most comprehensive healthcare network, has partnered with the leading San Francisco-based healthcare data platform company, Innovaccer Inc., to leverage data as a source of innovation in healthcare.Due to the siloed nature of traditional clinical systems, connecting practice sites within a dispersed health system has always been incredibly challenging. As organizations strive to improve efficiency and outcomes, the inability to link systems is proving to be a
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Why AI’s Impact on Healthcare Will Be Far-Reaching Beyond Cost Savings
According to a recent report, the market for artificial intelligence in healthcare was worth over $600 million in 2014. By 2021, this figure is expected to rise by 11 times to $6.6 billion. Healthcare is widely regarded as one of the premier industries destined for AI-led transformation. The reasoning is simple: AI is widely prescribed as an antidote for healthcare’s high costs and an enabler for better health outcomes and experiences.However, the industry has been slow to realize the
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drchrono, Nimblr Partner to Automate Two-Way Texting for Patients and Practices
Mobile EHR provider drchrono, today announced a new partnership with Nimblr, developers of Holly, an Artificial Intelligence (AI) assistant who automates healthcare appointments in sync with a practice’s practice management platform.Holly is the first AI virtual assistant focused on front desk tasks for a physician’s practice, and through its integration with drchrono, will give healthcare providers using the practice management platform two-way conversational texting between practices and its
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Chilmark: Healthcare Analytics Vendors Are Struggling to Exploit New Sources of Data
Analytics vendor solutions have matured; however, vendors are struggling to exploit new sources of data in a rapidly transforming industry, according to the latest report from Chilmark Research. The report, 2017 Healthcare Analytics Market Trends Report, assess critical changes in vendor solutions and how well they map to provider needs. Chilmark finds that analytics solutions and care management applications are more tightly linked now and show promise for moving analytics-derived insights
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