What You Should Know:
- Medsphere acquires Micro-Office Systems (MOS),
developer of systems integration and communication tools. MOS will retain its
name and will serve as a division of Medsphere moving forward.
Medsphere Systems
Corporation today announced the acquisition
of Micro-Office Systems (MOS)
in a move that will even further enhance the value and usability of Medsphere’s
affordable healthcare IT solutions and services. With over 30 years of healthcare
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M&A
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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Maximizing Telehealth Success: How to Optimize Operations & Revenue Cycle Management
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 – providing a way for healthcare organizations to
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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 outperformed
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HGP Semi-Annual Health IT Market Review: 6 Key Trends to Know
Healthcare Growth Partners, an
Investment Banking and Strategic Advisory firm exclusively focused on the
transformational health
IT market, today announced the release of its Semi-Annual Health IT Market
Review report that summarizes M&A and private equity activity across health
IT, health information services, and digital health.
Report Background/Methodology
This edition of the report includes feedback from our survey
of private equity professionals and their response to
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M&A Analysis: Mednax to Sell its Radiology and Teleradiology Business
Earlier this month saw Mednax announce significant plans to transform its business. Mednax intends to:
- Sell its Mednax Radiology Solutions business, which includes its radiology groups and the teleradiology market leader Virtual Radiologic (vRad).
- Reposition itself as a dedicated pediatrics and obstetrics business, including a return to its original company name, Pediatrix Medical Group.
Mednax made its entrance into the radiology business following the $500m acquisition of vRad in
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NovuHealth Appoints Sutter Health Aetna Exec Steve Wigginton CEO
NovuHealth,
a consumer engagement company, announced that former Sutter Health|Aetna executive Steve
Wigginton has joined the company as its chief executive officer. Wigginton
succeeds company co-founder Tom Wicka, who has served as CEO since the
company’s inception and will move to the role of executive chairman.
Wicka, as executive chairman, will be taking a strategic
role developing business markets, creating new partnerships, and working with
Wigginton and the board to drive M&A
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COVID-19 Pandemic: The Surprise Catalyst for Telemedicine Adoption
It is no secret that technology adoption in healthcare often lags adoption in other sectors. Often, the slow pace of adoption makes sense. While technology can drastically improve both cost and quality in healthcare when implemented correctly, it can also cause physician burnout, increased administrative workload, and worsen patient outcomes if a new technology fails to live up to the hype.
Historically, the slow pace of IT adoption in healthcare was nowhere more apparent than in the
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Examining a Hospital Ransomware Outbreak
Friendly security can save lives – and that’s not just a provocative phrase to get your attention. It’s actually true.
Hospitals are quickly becoming one of the hackers’ favorite ransomware targets. The steady stream of media reports announcing the latest healthcare facilities that were attacked indicates an end to this targeting is not likely around the corner – and that’s only based on the publicized cases.
Now we have new research showing us that at hospitals impacted by a data breach,
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Analysis: Why Digital Health Investors are Falling in Love with Femtech
Women’s health technology, known as Femtech, is one of the fastest-growing and well-funded categories of digital health. Femtech generally encompasses a range of digital health software and tech-enabled service providers that cater to the specific biological needs of women. These needs span from general health and wellness to reproductive health, including fertility, pregnancy, and nursing care.
Today, reproductive health is the focal point of femtech, thanks in part to the
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