What You Should Know: On 5/10/23, BMO, Sharecare (SHCR) delivered what appear to be, good 1Q results. Revenue of $116.3M + 15.5% y/y, compares to BTIG / FactSet consensus of $111M / $110.9M and adjusted EBITDA of $2.1M compares to BTIG /consensus of $1.2M / $1.2M. 1Q revenue exceeded the guidance range of $111M- $113M.Given the top-line beat we are optimistic that revenue guidance is conservative. Management increased 2023 revenue guidance from $450-$460M to $452.5M-$460M and 2023 adjusted
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healthcare technology
Sagility Acquires Payment Integrity Provider DCI Consulting
What You Should Know: Sagility, a provder optimizing the member/patient experience and business process management acquires Chandler, Arizona-based Devlin Consulting, Inc. (DCI), an established healthcare technology services company with nearly 30 years of payment integrity experience.The acquisition represents Sagility’s first acquisition since unveiling its new identity as an independent U.S.-based company solely dedicated to the healthcare industry following the 2021 divestment from HGS.
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LifeOmic Launches Patient Engagement App to Automate Patient Pathways
What You Should Know: LifeOmic, a healthcare technology company powering precision health with its end-to-end software solution, the LifeOmic Platform, today announced the launch of its Patient Mobile App. LifeOmic’s Patient Mobile App enables the two-way connection between the healthcare team and patient. With the LifeOmic Patient Mobile App, healthcare providers have access to a highly configurable solution that integrates directly into their existingworkflows to meet
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Exec Hires: CitiusTech Appoints Rajan Kohli as CEO
What You Should Know: CitiusTech Healthcare Technology Pvt. Ltd., announced that its Board of Directors has appointed Rajan Kohli, an experienced technology executive as Chief Executive Officer.Mr. Kohli joins CitiusTech from Wipro, a global leader in technology services and solutions, where he spent nearly three decades and was responsible for $6 billion in annual revenues.
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Flume Health Launches Tool to Remedy Health Insurers’ Fatigue
What You Should Know: - Flume Health, a healthcare technology company for payer operations launches Flume Relay to systematize the complex solution integration process involved in designing, launching, and administering a health plan. - Flume Relay aims to solve payers’ greatest limitation: the integrations and real-time data exchange with the plethora of vendors and systems that make up a health plan. Health Plan Vendor Fatigue Health plans are experiencing vendor fatigue at an
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17 Execs Share How Health IT Can Address Clinician Burnout, Staffing, & Capacity
Clinician shortage has reached a new level of urgency as we face rising demand and healthcare costs, according to a recent Accenture report. Healthcare workers are increasingly burned out and leaving the industry altogether in droves. Those who remain to do the work are overburdened. We ask seventeen healthcare IT executives for their insights on how health IT solutions could potentially help address clinician burnout, clinician staffing shortages, and deal with capacity. Staffing levels
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5 Trends to Look for in Healthcare Cost Transparency
Over two years have passed since the hospital price transparency rule was enacted. Unfortunately, America still struggles with high, painfully opaque pricing across healthcare that hurts employers, workers, patients, and taxpayers. The Centers for Medicare and Medicaid Services recently announced that in 2021, the nation spent $4.3 trillion on healthcare, nearly twice the average of other nations in the developed world. Noncompliance and price gouging still exist in a market where consumers are
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Digital Health Exec Hires: Transcarent Appoints CMO, Carium, Tegria, Swift Medical, GoCheckKids, Others
Transcarent appoints Dr. Randy Hawkins as Chief Medical Officer (CMO) and will report to Transcarent Chief Executive Officer, Glen Tullman. As CMO, Dr. Hawkins will oversee the organization’s clinical quality initiatives and support the organization’s health analytics strategy. Swift Medical has appointed Brian Litten as its new Chief Executive Officer effective immediately. Litten brings decades of healthcare leadership experience across health plans, provider organizations, regulatory
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PointClickCare Acquires Value-Based Care EHR Patient Pattern
What You Should Know: - PointClickCare Technologies, a healthcare technology platform enabling meaningful collaboration and access to real‐time insights at every stage of the patient healthcare journey, today announced the acquisition of Patient Pattern. Financial terms of the transaction were not disclosed. - The combination of PointClickCare and Patient Pattern will further the companies’ shared vision of enabling better care and outcomes for high-needs populations and provide
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Tegria RCM Rebrands as Acclara
What You Should Know: - Tegria, a leading healthcare technology consulting and services company, announced today that Tegria RCM, its division dedicated to revenue cycle management (RCM), will operate under the Acclara brand effective immediately. - The rebrand is part of Tegria RCM's strategic focus on expanding its revenue cycle services capabilities and marks a major milestone for the organization. The Acclara name gives the team the opportunity to build on the division's strong
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