What You Should Know:
Today, NexHealth announced its $125M Series C funding, bringing the company’s valuation to $1B for its patient experience platform.
- The funding will support the company in advancing its mission to create a more streamlined doctor and patient experience while building the seamless technological infrastructure needed for future health tech entrepreneurs to innovate upon.
NexHealth, a San Francisco, CA-based patient experience management platform
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Healthcare Data Exchange, Integration, and Analytics
Next Generation of Risk Adjustment: Uniting Health Plans and Providers
Up until now, risk adjustment has been addressed as a mechanism to accurately represent the overall risk profile of a health plan’s membership. A function that will still facilitate a health plan’s payment for taking on at-risk populations is about to go through its first major transformation – the use of risk adjustment data to drive value-based program initiatives.
Now that the functional aspects
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Healthcare’s Data Readiness Crisis: Triage vs. Transformation
What You Should Know:
- Healthcare leaders have high aspirations for digital transformation, but a lack of data readiness threatens their ability to execute, according to a new research conducted by Morning Consult and commissioned by Innovaccer.
- The 35-page report, “Healthcare’s Data Readiness Crisis: Triage vs. Transformation,” reveals that the overwhelming majority of healthcare executives surveyed (95%) are focused on digital transformation, with 61% aiming to have their
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At-Home Testing Is The Future, But Lab APIs Are Stuck In The Past
The rise of telemedicine and virtual care options have primed at-home testing to make a significant impact on the future of healthcare. 70% of today’s medical decisions depend on laboratory test results, but lagging lab APIs hinder the widespread launch of remote diagnostics.
Since the start of the COVID-19 pandemic, there has been a major increase in telemedicine usage, including a 154% increase in telehealth visits during the last week of March 2020 alone. Both patients and doctors
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Epic Selects Lyniate for Integration within Epic Garden Plot Offering
What You Should Know:
- EHR leader Epic has selected Lyniate, a provider of healthcare data interoperability, for integration within its new Garden Plot Software as a Service (SaaS) model for independent medical groups.
- Garden Plot takes on hosting, support, and ongoing configuration and updates so providers can focus on their patients.
Garden Plot Offering Overview
Garden Plot is a new offering for independent medical groups that
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PE Firm Acquires Intelligent Medical Objects (IMO) for $1.5B+
What You Should Know:
- Thomas H. Lee Partners, a premier private equity firm investing in growth companies, announced today that it has entered into an agreement to acquire a majority interest in Intelligent Medical Objects, a healthcare data enablement company and market leader in clinical terminology solutions in a $1.5B + deal.
- Founded in 1994, IMO manages more than 5 million clinical terms and maps to all major coding systems. Its suite of software products, which is used by over
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Why Mainstream Precision Medicine Hinges on Healthcare HPC Storage
The healthcare industry is experiencing a data deluge, and it shows no sign of slowing down.
In 2020, estimates reported that healthcare data comprised a staggering 30% of the world’s total data volume; projections for 2025 bump that number up to 36%, a growth rate outpacing every other industry.
This is promising news for precision medicine, the data-driven healthcare initiative that promotes the right treatment for the right patient at the right time.
Precision (or personalized)
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HIMSS22 Day 2 Roundup: Google Partners with MEDITECH, Microsoft’s Health Cloud Strategy Expansions
Mergers & Acquisitions (M&A) Activity
OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform
OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform
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Lyniate and NextGate Merge to Enhance Interoperability
What You Should Know:
Lyniate, a leader in healthcare data interoperability, has announced a merger agreement with NextGate, a pioneer in Enterprise Master Person Index (EMPI). Financial details were not disclosed.
- This strategic combination will help meet increased market demand for more advanced interoperability solutions that address data quality as well as data-sharing, furthering Lyniate’s commitment to building connections for a healthier world.
Merger Deepens
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MediQuant® DataArk Awarded Project to Archive All Military Health Records
What You Should Know:
MediQuant®, a provider of enterprise active archiving and conversion solutions, has been selected by the US Defense Health Agency (DHA) to help consolidate all clinical data across the Military Health System as it transitions to a new enterprise electronic health records (EHR) platform by 2024.
- The contract to deploy MediQuant’s DataArk solution for the DHA “Genesis” rollout was secured by ECS, a leading provider of science, engineering, and advanced technology
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