What You Should Know: Operational and financial pressures drove mergers and acquisitions in the healthcare sector in Q1 2023, according to a new report from Kaufman Hall. In total, there were 15 announced transactions in Q1 resulting in $12.4 billion in total transacted revenue.The trend of fewer but larger transactions that characterized 2022 was maintained—the average size of the seller or smaller party in Q1 was $827 million, just below last year’s historic year-end average of
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Novant Health
TytoCare Launches Donation Initiative for Global Communities in Need
What You Should Know: - TytoCare, the global healthcare industry’s first all-in-one modular device and examination solution for AI-powered, on-demand, remote physical exams, is announcing today the launch of its new giveback initiative, TytoCareS. - The program will facilitate and supplement device donations from TytoCare and its partners, including health systems and insurers, to provide increased access to clinic-quality care to communities in need. Enabling Donations of Devices
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Infermedica Partners with Conversational AI Platform Hyro to Support Patient Triage
What You Should Know: - Infermedica – a leading digital health company specializing in AI-powered solutions for symptom analysis and patient triage – today announced a partnership with Hyro, a leader in plug-and-play conversational AI. - The partnership will enable healthcare organizations to support patients at the digital front door by utilizing Infermedica’s Medical Guidance Platform and early symptom assessment technology and Hyro’s industry-leading natural language
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Analysis: 2022 Semi-Annual Health IT Market Review
Executive Summary Act III of COVID: Navigating the Crosscurrents of Post-Inflation 2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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Novant Health Deploys Enterprise-Grade Wi-Fi 6E Solution for Health Apps/Med Devices
What You Should Know: - Novant Health, a three-state integrated network of physician clinics, outpatient centers, and hospitals headquartered in North Carolina, is the first enterprise customer to publicly announce the deployment of Extreme Networks’ enterprise-grade Wi-Fi 6E solution. - The investment in the Extreme AP4000 access point (AP) will allow Novant Health to deliver high-speed Wi-Fi throughout its facilities and enable secure, dedicated connectivity for mission-critical
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Cedar Nabs $102M to Modernize Patient Financial Experience
What You Should Know: - Cedar raises $102M to fuel the next phase of Cedar’s vision of evolving from a patient financial engagement solution to a comprehensive healthcare consumer engagement platform. - Cedar combines healthcare, tech, and design to create a seamless financial experience for every patient. From pre-visit registration to post-visit billing, Cedar personalizes the care journey to take each patient to payment with ease. - The company also announced it has partnered with
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Novant Health Launches Nation’s First Emergency Drone Operation for COVID-19 Pandemic Response
What You Should Know: - North Carolina-based health system Novant Health launches the nation’s first emergency drone logistics operation by a hospital for its COVID-19 pandemic response. - The operation provides contactless distribution of personal protective equipment and critical medical supplies to Novant Health frontline medical teams in the Charlotte metro area. - The FAA approved the pandemic response operation through Part 107 waivers granted to Novant Health. Zipline, which
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FCC’s COVID-19 Telehealth Programs Surpasses $50M in Funding
What You Should Know: - To date, the FCC’s COVID-19 Telehealth Program, which was authorized by the CARES Act, has approved funding for 132 healthcare providers across 33 states plus Washington, DC for a total of just over $50M in funding. The Federal Communications Commission’s Wireline Competition Bureau today approved an additional 43 funding applications for the COVID-19 Telehealth Program. The seventh set of healthcare providers in both urban and rural areas of the
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Tyto Care Launches On-Demand Medical Exam Nationwide at Best Buy Stores
- TytoHome, the first comprehensive, at-home telehealth solution, is now available nationwide in Best Buy stores and on BestBuy.com. - TytoHome is a handheld examination device with attachments that can examine the heart, lungs, skin, ears, throat, and abdomen, as well as measure body temperature.- Each TytoHome visit costs $59.99 or less depending on the nature of the visit and/or the user’s health insurance plan. Reimbursement is available for patients from leading insurers including Anthem,
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Novant Health Taps Tyto Care to Offer Patients On-Demand, Remote Medical Exams
- Novant Health and Tyto Care announced their partnership to enable clinic-quality exams from the comfort of home.- The integration allows patients to connect to a Novant Health provider anytime, anywhere using Tyto Care’s on-demand, remote medical exam device.Novant Health, an integrated healthcare system headquartered in Winston-Salem, North Carolina, today announced its strategic partnership with Tyto Care, the healthcare industry’s first all-in-one modular device and telehealth platform for
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