– 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 outperformed
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integrity
Sharecare Acquires WhiteHatAI to Enhance Healthcare Payment Integrity
What You Should Know:
- Sharecare acquires WhiteHatAI to provide health plan
and provider clients with additional capabilities to ensure healthcare payment
integrity
- WhiteHatAI’s ability to detect erroneous claims before
they are paid will help Sharecare’s health plan partners reduce costs
associated with FWA.
- Sharecare will integrate WhiteHatAI’s capabilities to
foster deeper engagement by enabling patients to both verify recent medical
procedures and report
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Cybersecurity: Managing Risk in the COVID-19 Era
Healthcare IT consultants’ work involving health records may expose them – and their provider and payer clients – to regulatory, legal, financial, and reputational risk. These risks are potentially higher in the COVID-19 era, with many of their employees working from home and accessing sensitive records and networks from remote locations. According to the US Department of Homeland Security (DHS), there is a heightened risk of phishing, SMS phishing and other attacks using COVID-19 themes, and
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HealthEdge Acquires Payment Integrity Solution The Burgess Group
What You Should Know:
- HealthEdge Software announces the acquisition of The Burgess
Group, LLC (“Burgess”), an innovative payment integrity software company
focused on improving healthcare payment operations for an undisclosed sum.
- The strategic acquisition will boost Health Edge’s position in
the payment integrity market and extends best-in-class claims processing to
include software-driven payment integrity
- Burgess’ product, Burgess
Source®, is the first solution to natively
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Wake Forest Baptist Health Launches Drone Delivery for Medicines, PPE for COVID-19
What You Should Know:
- Wake Forest Baptist Health will establish a hospital drone delivery network to carry patient-specific time- and temperature-sensitive medicines and PPE for medical professionals treating COVID-19.
- In partnership with Matternet and UPSFF today started
operating on two routes from one location at Wake Forest Baptist Health to two
other health system locations, marking one of the first hub-and-spoke operating
models for the U.S. drone delivery industry.
Wake
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4 Ways Healthcare Organizations Can Establish Partnerships to Drive Innovation
With public and private healthcare spending significantly outpacing that of other countries, U.S. hospitals face intense pressure to find new ways to capture greater value. More and more, organizations are finding that partnerships with existing vendors can help unlock next-level performance gains in a transformative environment.
Take Nebraska Medicine, for example. In the early 2000s, the health system created multidisciplinary committees to boost revenue integrity and adopted new revenue
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Social Distancing for Medical Devices: 5 Steps to Clinical Network Segmentation to Thwart Cyber-Attacks
Since the beginning of 2020, cyber-attacks have spiked by 300%. As members of the world's most targeted industry, healthcare organizations like hospitals, clinics, pharmacies, and distributors of medical equipment are more at risk now than ever.
Even if an attack isn't directly targeted at connected medical (or, Internet of Medical Things: IoMT) devices, it can spread through a hospital’s internal network and infect equipment used to diagnose and treat patients such as IV pumps, patient
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CHI Texas Health Network Partners with Innovaccer for FHIR-Enabled Data Activation Platform
What You Should Know:
- Innovaccer has recently partnered with CHI Texas Health Network to boost provider performance and population health to leverage its FHIR®-Enabled Data Activation Platform.
- CHI Texas Health Network is driving improved physician performance, care coordination, and patient health outcomes.
- CHI Texas Health Network is a nonprofit, faith-based health system that strives to fulfill its mission each day by creating and nurturing healthy communities across the
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RCM: 4 Must-Haves of a Revenue Integrity Solution
For multiple years in a row, chief executive officers (CEOs) participating in the American College of Healthcare Executives’ annual survey ranked financial challenges as the number one issue facing hospitals. With sound revenue cycle management and, in turn, revenue integrity is essential to survival, the decision to buy, build or replace a revenue integrity solution is one of the most important a hospital can make.
Crucial differences separate revenue integrity solutions from one another.
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Verato Launches SDOH-Driven Solution to Support COVID-19 Contact Tracing
What You Should Know:
- Verato announced an identity information service that helps with COVID-19 contact tracing by making social determinants of health (SDOH) data more complete.
- According to a recent report, as much as half of the positive COVID-19 test results lack enough data to support contact tracing. By filling in that missing data, we can shorten the time between receiving positive test results and having data that allows for rapid response to contain the virus.
Verato,
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