What You Should Know: Cerner, one of the major software vendors in healthcare IT, has gone through significant changes over the last year and a half. In October 2021, they announced a new CEO and introduced RevElate as their go-forward patient accounting platform. Two months later, Oracle announced their intent to acquire Cerner. Customers soon reached out to KLAS, wanting to know about their peers’ experiences with these changes.To gather this information, KLAS has been meeting regularly
Read More
interview
Healthcare-Focused Venture Studio Launches in Phoenix
What You Should Know: - Former Bayless Integrated Healthcare CEO, Justin Bayless announced the launch of Journey Venture Studio, a 501c3 healthcare-focused venture studio focused on serving diverse and underrepresented founders. - Aspiring entrepreneurs will go through a rigorous interview process, and once accepted and assigned a company will go through a rigorous growth program designed to jump-start the company’s success. The Journey provides hands-on support, investment, mentorship and
Read More
M&A: CVS Pharmacy Acquires MedAvail’s Pharmacy Assets
What You Should Know: - MedAvail Holdings, Inc.(“MedAvail”), an innovative technology-enabled pharmacy company, today announced it has entered into a definitive agreement with CVS Pharmacy, Inc., on behalf of itself and its subsidiaries and affiliates (“CVS”), for the sale of certain assets of MedAvail’s SpotRx pharmacies (the “CVS Transaction”). - MedAvail has agreed to sell to CVS certain assets related to its SpotRx pharmacies located in Tucson and Phoenix, Arizona; Buena Park,
Read More
The Seemingly Limitless Potential of Blockchain in Healthcare
Interoperability remains the Holy Grail in healthcare, the goal to which all organizations aspire. The urgency to remove silos and improve communication between various systems and organizations is paramount, as it promises to lead to greater efficiency and improved outcomes while at the same time lowering costs – and not a moment too soon, given the fact that the world’s population is aging and there is a growing shortage of clinicians. More and more, blockchain – a secure, decentralized
Read More
Asia/Oceania EMR 2022: Regional Market Share & Vendor Performance
What You Should Know: - As healthcare organizations have come out of the peak of the COVID-19 pandemic, EMR purchase decisions in Asia have ramped up. In Oceania, most public hospitals have an EMR in place, but purchase energy remains high since many public and private provider organizations are planning large-scale purchases of go-forward EMRs. - This report—KLAS’ first focused exclusively on Asia and Oceania—highlights (1) market share and vendor energy in recent EMR purchase decisions
Read More
Japanese Healthcare Startup Ubie Raises $45M for AI Symptom Checker
What You Should Know: - Ubie, Inc., a Tokyo-based healthcare startup, announced it has closed its Series C round at $45M by raising $19M in an extension round. The new funding will enable Ubie to accelerate its growth and strengthen its presence in the U.S., following strong interest and traction in that market. To date, Ubie has raised $76 million in total. - With AI as its core technology, Ubie provides AI symptom checker Ubie as the gateway to medical care. It will also focus on
Read More
PE Firms Rebrand Prison Healthcare Companies, But Care Issues Continue
What You Should Know: - A new report, “Private Equity Firms Rebrand Prison Healthcare Companies, But Care Issues Continue,” by the Private Equity Stakeholder Project (PESP) focuses on healthcare company Wellpath and the regulatory risks that the company continues to take in local jails and prisons. - Wellpath is owned by private equity firm H.I.G. Capital and is among the largest healthcare companies serving U.S. prisons and jails. Wellpath has had a litany of staffing and access to
Read More
Specialty Pharma’s Next Big Opportunity: It’s Time for Patient Access to Adopt an Open Protocol
In January 2020, the financial conglomerate Visa announced it was acquiring a relatively unknown startup, Plaid, for $5.3 billion. Corporate acquisitions like these are not uncommon, but someone at the United States Department of Justice took notice of this announcement. Visa had established a stranglehold on financial transactions. The Justice Department moved to stop the acquisition on grounds that Plaid posed “a threat to this monopoly: it has been developing an innovative
Read More
Suki Releases Mini-Doc on Physician Burnout Challenges and Solutions
What You Should Know: - Suki, a voice artificial intelligence (AI) technology company for healthcare, announced the release of a mini-documentary that features the real-life challenge of a family physician facing burnout and how a voice assistant helped alleviate the negative impact of administrative burden. - “From Burnout to Balance” is an intimate view into Dr. Elizabeth Goff’s struggles with work-life balance and how the use of a voice assistant provided the margin needed to keep
Read More
Mount Sinai Develops Employee Health Contact Tracing Database to Mitigate COVID-19 Spread
What You Should Know: - Mount Sinai researchers have developed an Employee Health COVID-19 REDCap Registry to address the need for contact tracing and agile exposure investigations to mitigate the spread of COVID-19 among hospital staff. - Employee Health COVID-19 REDCap Registry is a cloud-based digital framework using the Research Electronic Data Capture web application—to track and reduce the spread of the virus across the Mount Sinai Health System including 8 hospitals and more than
Read More
