What You Should Know:
- Ready, a company described as the “Uber” of on-demand health
service, just raised $54 million in its Series C funding round.
- Ready’s on-demand care model is evolving the healthcare
industry with customer service and mobility, just like Uber did for ride
sharing and Postmates for food delivery.
Ready, an New Orleans,
LA-based on-demand healthcare service, today announced that it closed $54
million of new funding to finance the expansion of its operations and
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Raising the Bar for COVID-19 Data Integrity and Disease Surveillance
Seth Hirsch, COO, SES Corporation
Just a few weeks ago, the mood among technologists in the Coronavirus pandemic remained cautiously optimistic about reopening society with the help of testing data, contact tracing apps, and other IT-enabled resources. But the recent spike in illness – 1.9 million new US cases in July, more than double any other month – is a sobering reboot on a crisis we now understand needs far more IT and data coordination than previously recognized.
The emerging
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After COVID-19, Healthcare’s Next Big Challenge: Reforming Surgery
Dr. Tamir Wolf, CEO and co-founder, Theator
Nearly six months after the World Health Organization declared COVID-19 a global pandemic, many hard-hit healthcare systems have begun resuming elective surgeries and redeploying surgeons, residents, and fellows back to their home departments after enlisting them in COVID wards and ICUs.
These practitioners are returning physically exhausted and emotionally strained from the harrowing experience of serving on the front lines of the COVID
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Analysis: August Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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2020 Virtual Care: Navigating Patient Care In A Post-COVID-19 World
Updox, the only place to
manage healthcare communications across both in-person and virtual care, today
released its 2020
Virtual Care Report: Patient Care in a Post-COVID World that details the
rapid transformation telehealth saw during COVID-19, how it is currently being
used, physician and patient expectations for telehealth post-COVID -- and how
virtual care spanning the entire patient experience will become the new
precedent.
At the start of the COVID-19
pandemic, telehealth
became the
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Maximizing Telehealth Success: How to Optimize Operations & Revenue Cycle Management
Vijay Kotte, EVP of Physician Services at R1 RCM
In COVID-19’s wake, providers’ financial recovery will be crucial yet daunting. U.S. hospitals and health systems stand to collectively lose $36.6 billion between March and June 2020 alone. Physician practices also face serious financial challenges as they recoup revenues that declined up to 55 percent and patient volume that decreased 60 percent.
Amid these hardships, telehealth has emerged as a widely accepted vehicle for care delivery –
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Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know:
- How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion.
As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue
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Experity Acquires Reputation Management Platform Calibrater Health
What You Should Know:
- Experity, a provider of urgent care health IT, has
acquired feedback management solutions company- Calibrater Health.
- Through the acquisition, Experity will expand its patient engagement HIT platform by fully integrating Calibrater’s reputation management functionalities like AI-powered issue tracking, SMS patient surveys, and enhanced performance insights.
Experity, a provider
of clinical and practice management software to the urgent care space,
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Bridge Connector Lands $25.5M to Expand Healthcare Integration Platform
What You Should Know:
- Bridge Connector raises $25.5 million in Series B funding to advance interoperability layer for healthcare organizations as demand for integrated health data intensifies during COVID-19 pandemic.
- The investment will support the growth of Destinations,
the company’s new integration-platform-as-a-service (iPaaS) that connects
health data systems using use-case-based interoperability blueprints to speed
integrations with major vendors.
Bridge Connector,
a
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Analysis: July Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of July 2020.
While a pandemic ravages the country, technology valuations are soaring. The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains of nearly 20%, representing a 56% increase off the low water mark on March 23. More notably, the Nasdaq has
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