What You Should Know:
- CodaMetrix, an AI technology platform transforming healthcare revenue cycle management, today announced that it closed a $55 million Series A round led by SignalFire. Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations also participated in the round.
- The capital injection will accelerate go-to-market with major provider organizations and health systems, as
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Henry Ford
Why Telemedicine Isn’t A Temporary Fix — It’s The Future
In March 2020, many office workers packed up their bags under the mandate of their employers, assuming they’d be working from home for a few weeks so the coronavirus could “blow over.” Fast-forward two years: many of those same employees have yet to step foot back into their old offices, and some never will again.
A similar trend is playing out in healthcare. When COVID-19 started, many health systems rapidly adopted virtual care models as a matter of necessity to keep as many non-COVID
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Healthgrades Releases Top 24 Hospitals Leading Early COVID Care
What You Should Know:
- Healthgrades announced its Leading Hospitals in Early COVID Care list of the top 24 U.S. hospitals that provided exceptional care while treating the highest volumes of coronavirus patients during the first wave of the pandemic.
Methodology Background
Using inpatient data from CMS for almost every hospital in the country, Healthgrades identified 24 U.S. hospitals that provided exceptional care while treating the highest volumes
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What Will It Take for Hospitals to Survive the Pandemic?
On New Years Eve, just as the Covid-19 outbreak in Los Angeles was at its worst, all 451 of Olympia Medical Center’s exhausted employees learned they would soon lose their jobs. After 74 years, the hospital closed for good on March 31st, leaving residents of the surrounding community — poor and mostly people of color — without a place to see a doctor.
And it isn’t the only hospital closing.
At least 47 hospitals have closed or filed for bankruptcy in the last year, and there will
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Why Hospitals Should Act Now to Create Clinical AI Departments
A century ago, X-rays transformed medicine forever. For the first time, doctors could see inside the human body, without invasive surgeries. The technology was so revolutionary that in the last 100 years, radiology departments have become a staple of modern hospitals, routinely used across medical disciplines.
Today, new technology is once again radically reshaping medicine: artificial intelligence (AI). Like the X-ray before it, AI gives clinicians the ability to see the unseen and has
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Shields Health Solutions, ExceleraRx Announce Specialty Pharmacy Merger – M&A
What You Should Know:
- Shields Health Solutions and Excelera announce a major
specialty pharmacy merger that will form a combined company that consults with
700+ hospitals in 43 states, including Mass General Brigham, Yale New Haven,
Intermountain Healthcare and Henry Ford.
- The network of hospitals is designed to improve patient
care through an infrastructure that helps with things like acquiring prior
authorization for specialty drugs and staying adherent to them. It can also
lower
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Premier & 15 Health Systems Acquires Minority Stake in PPE Company to Address Shortage from COVID-19
What You Should Know:
- Premier and 15 of its members acquired a minority stake in Prestige Ameritech, the nation’s largest domestic producer of face masks, as well as other personal protective equipment (PPE) to address shortage due to COVID-19 pandemic.
- The minority stake represents a long-term strategy to invest in or partner with PPE suppliers that source from multiple regions as well as domestic markets to help ensure that a greater proportion of healthcare products are
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Value-Based Care’s Story Will Turn in the 2020s
Value-based care initiatives matured in recent years thanks to exciting new technology and influential policy changes. But the coming decade will see transformative changes that will eventually lead to a uniform realization of value-based care across the entire healthcare continuum.
Specialty pharmacy represents one area of healthcare that is wholeheartedly welcoming a discussion about value. With the costs of six-figure specialty drugs and the number of patients using them continuing to
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COVID-19: 5 Steps for Health IT Teams to Accommodate New Demands
The rapid escalation of COVID-19 patient cases has created new challenges for healthcare organizations to scale up testing and care services, while also reducing risk for non-critical patients or care workers. Healthcare IT professionals are being asked to digitally transform overnight, in supporting remote workers, telemedicine, outdoor triage tents, and a surge in patients and connected devices. Here are five key steps for healthcare IT departments to take in order to accommodate the new
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PeerWell Lands $6.5M to Commercialize its Worker’s Comp Musculoskeletal Surgery Optimization Platform
Today PeerWell, a San Francisco, CA-based PreHab company helping patients prepare physically and mentally for orthopedic surgery and recover faster has raised $6.5M in Series A funding led by OMERS Ventures with participation from investors Emmett Shear (Co-Founder CEO of Twitch) and Travis May (CEO of Datavant).
Existing investors include XSeed Capital and angel investors
Auren Hoffman (CEO SafeGraph, Co-founder of LiveRamp), Kevin Lin (COO of
Twitch), Michael Seibel (CEO of Y Combinator),
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