Interoperability in the U.S. healthcare system has been an ongoing challenge. While there are several industry initiatives that are going to advance the industry and make incremental progress toward interoperability, there remain several gaps that are unaddressed. Interoperability is a much broader concept that encompasses more than protocols, APIs, and limited networks. It’s about more than exchanging data through one-to-one connections between a provider, payer, or vendor. True
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Healthcare Payments
Fathom Secures $46M for AI Medical Coding Automation Platform
What You Should Know: - Fathom, an AI-powered medical coding automation platform raises $46M in Series B funding co-led by Alkeon Capital and Lightspeed Venture Partners with participation from Vituity’s Inflect Health, Cedars-Sinai, ApolloMD, Jonathan Bush, and other healthcare executives. - The company plans to use the funding to advance the standard in automated medical coding in response to critical challenges facing providers. The Series B round brings Fathom’s total funding to
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Healthcare Payments: 3 Ways to Make the Experience Better for Patients and Providers Alike
The past few years have seen an enormous acceleration in the adoption of technologies that streamline and modernize payments across all industries. As embedded finance becomes more popular and companies begin to embrace automation technologies, there’s a clear opportunity for healthcare providers to embrace digital payments. Through the use of digital payment technology, healthcare professionals can make their services easier for their vendors, suppliers and patients. Simplifying the Patient
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Digital Front Doors Create Personalized Patient Experience
Heightened patient expectations are changing the way healthcare services are delivered, from the way patients receive care to the way they pay for services and manage their conditions. A need for greater patient-centricity is changing the way payers, providers, and healthcare services organizations do business. The digital front door is an ecosystem of technologies patients use to engage with healthcare, starting from when they detect symptoms, to when they pay or receive post-appointment care.
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CVS Health in Talks to Acquire Signify Health
What You Should Know: - Signify Health is exploring strategic alternatives including a sale, according to a Wall Street Journal report. Initial bids are due this coming week. Additional companies are also in acquisition discussions with Signfiy Health, and CVS could face competition from other managed-care providers and private-equity firms. - The potential Signify acquisition has a market value of around $4.7 B after its shares rose on the news of a potential sale. Leveraging
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Zelis Acquires Healthcare Cost Control Provider Payer Compass
What You Should Know: - Healthcare payments company Zelis today announced an agreement to acquire Payer Compass, a healthcare provider of reimbursement and claims pricing, administration, and processing solutions. Financial terms of the transaction were not disclosed. - Through the acquisition, Zelis will integrate Payer Compass into its existing solution suite to further help clients and their members manage rising healthcare costs and establish more transparent and affordable
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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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Healthcare Payments Platform Enter Raises $5.7M to Build Stripe for Healthcare
What You Should Know: - Healthcare payments platform Enter, which is on a mission to simplify that process on both sides of the transaction, has just come out of stealth mode after raising a $5.7M seed round led by Menlo Ventures with participation from Quiet Capital, Savantus Ventures, 500, and SpringRock Ventures along with angels including Matt Roszak and Mato Peric. - The company’s founders Jordan Kelley and John Russell have previously launched groundbreaking financial technologies,
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Lynx Launches with $17.5M for API-Connected Healthcare Payments
What You Should Know: - Lynx, a Boston-based API-connected healthcare payments, banking, and e-commerce platform announced today that it has emerged from stealth with $17.5M in equity financing led by Obvious Ventures and .406 Ventures with participation from Frist Cressey Ventures. Other investors include Winter Street Ventures (an investment subsidiary of Commonwealth Care Alliance), Shields Capital, and Huntington Avenue Ventures. - Lynx’s goal is to introduce modern fintech to
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Semafone Integrates with Epic to Secure Healthcare Payments
What You Should Know: - Today Semafone, a provider of data security solutions for call and contact centers, has announced an integration with EHR provider Epic to protect payment data and enhance the patient experience. - Semafone’s Cardprotect Voice+ solution empowers customer-facing personnel in the healthcare industry to take secure, compliant payments over the telephone. Cardprotect Voice+ Solution Overview Utilizing patented dual-tone multi-frequency (DTMF) masking
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