Emad Rizk, M.D., President, CEO & Chairman of the Board, Cotiviti
Nine out of 10 healthcare leaders expect disruptive pressures to increase tremendously in the year ahead, according to a recent survey. However, fewer than half believe their organizations are prepared to withstand these forces.
In an era of transformation—in which traditional business models are continually being revamped in response to pressures such as consumerism, policy changes, and the market entrance of
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Digital Prescribing Platform Xealth Raises Additional $3M to Close $14M Series A Round
Xealth, a Seattle-based digital prescribing platform has raised an additional $3 million in its Series A financing, bringing the amount raised in this round to $14 million total. New investors Atrium Health, Cleveland Clinic and MemorialCare Innovation Fund join McKesson Ventures, Novartis, Philips, ResMed, Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network. Investments from this round will be used to advance the
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LetsGetChecked Lands $30M for Regulated At-Home Medical Testing Platform
Company scales direct-to-consumer at-home testing diagnostics and personal health services; expands platform development and supply logistics in the U.S.
LetsGetChecked, an NYC-based direct-to-consumer at-home health testing platform increasing access to laboratory and self-testing, today announced it has raised 30 million in Series B round led by LTP with participation from existing investors Optum Ventures and Qiming Venture Partners USA.
At Home Testing, For A Healthier You
Founded
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Pfizer, McKesson, Others Join MediLedger’s Blockchain Project Working Group
Leading life sciences and healthcare companies Pfizer Inc., McKesson Corporation, AmerisourceBergen Corporation, and Premier Inc. have joined the MediLedger Project Contracting and Chargebacks working group, a second working group running in parallel to the ongoing DSCSA working group started in 2017. MediLedger is an initiative of Chronicled, Inc., a San Francisco-based technology company, that builds blockchain-powered ecosystems and supply chain solutions.Network VisionMediLedger uses
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Global Medical Billing Outsourcing Market to Reach $19.7B by 2026
The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a compound annual growth rate (CAGR) of 11.8%, according to a Grand View research report. The report reveals that revenue cycle management (RCM) is one of the most complex components of healthcare IT business driven by challenges in rising healthcare costs, market consolidation, an explosion in clinical documentation, and value-based care initiatives.Key Market Drivers for Global
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AllyAlign Health Raises $10M to Power Value-Based Care for Seniors
AllyAlign Health, a Richmond-based developer and administrator of Medicare Advantage special need plans that benefit long-term care providers has raised $10M in strategic funding led by McKesson Ventures. Existing investors Heritage Healthcare Innovation Fund, Health Enterprise Partners and the LinkAge Fund also participated in the financing. This brings the total capital raised to over $41 million.AllyAlign Health BackgroundAllyAlign Health (AAH) began reforming the health system in 2014 by
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Vuzix, VSee Launches Telemedicine Smart Glasses Solution
Vusix, a supplier of Smart Glasses
and Augmented Reality (AR) technology and products, today announced it is
partnering with VSee, San Jose-based telemedicine
company, to provide a smart glasses telemedicine solution for real-time video. Adding
HIPAA-compliant live video chat to the Vuzix smart glasses line means real-time
video doctor visits, surgical training, medical equipment training, and more.
VSee provides a HIPAA-compliant video telehealth and
telemedicine video conferencing solution
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KLAS Unveils 5 Small Hospital EMR Market Trends to Watch
In 2017, 216 acute care hospitals contracted for a new EMR, with 1–200 bed hospitals accounting for the vast majority (80%) of these decisions, according to a recent KLAS report. EMR purchasing by smaller hospitals is being driven primarily by these organizations’ need to exchange information with surrounding hospitals and desire for vendors that offer newer, more innovative technology and more flexible financial options. These smaller hospitals are hungry for new technology but often resource
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KLAS Report: TeleTracking, Epic Takes Lead in Patient Flow Performance
A recent KLAS report reveals that TeleTracking and Epic are market leaders in managing the patient flow of patients. Managing the flow of patients in an acute care setting is one of the more complicated challenges confronting providers today. Providers who were interviewed by KLAS reveal that TeleTracking leads every vendor in overall satisfaction of the operational and clinical staff, who rely most heavily on patient flow functionality.Providers who have compared the solutions report that
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McKesson to Acquire Prior Authorization Network CoverMyMeds for $1.1B: 5 Things to Know
On late Wednesday, McKesson has agreed to acquired Columbus, OH-based CoverMyMeds, the nation’s largest prior authorization (PA) network for $1.1 billion. Founded in 2008, CoverMyMeds’ electronic prior authorization (ePA) service automates and accelerates the prescription approval process, which otherwise is manual and time consuming. By ensuring appropriate access to medications, CoverMyMeds helps customers avoid administrative waste and unnecessary medical spending caused by prescription
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