What You Should Know:
Florence, an innovator in healthcare enablement software, has launched out of stealth mode after raising $20 million in seed funding.The health tech startup’s round was led by Thrive Capital, GV (Google Ventures), and Salesforce Ventures with participation from Vast Ventures, BoxGroup and Atento Capital.
Aspiring to Digitally Streamline Patient Access to Increase Efficiency
Comprised of physicians and engineers from leading health systems and technology companies,
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Oracle
Exec Hires: Elucid Appoints Andrew Miller as CTO
What You Should Know:
- Elucid, Inc., a medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease, has hired Andrew Miller as its chief technology officer (CTO).
- As CTO, Andrew will lead the technology strategy and oversee the engineering team’s execution. Elucid’s software is the only FDA-cleared non-invasive tool able to accurately characterize arterial plaque, simulating what pathologists would see under a microscope and
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KLAS Reveals Some Providers Lack Confidence in Oracle Cerner’s Roadmap/Vision
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
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KLAS: State of Small-Hospital Patient Accounting 2023
What You Should Know:
- Small hospitals are changing their EMRs and patient accounting systems at a greater rate than that of their large-hospital counterparts. Most market selection energy is going to Oracle Health (Cerner), MEDITECH, and Epic; small hospitals also use other vendors like athenahealth, CPSI, and MEDHOST.
- While many vendors offer viable clinical systems, there are significant differences across the customer experience with patient accounting that should not be overlooked
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KLAS Report: ERP Vendor Performance & Adoption in 2023
What You Should Know:
- With regulatory and financial pressures increasing, many healthcare organizations continue to move to cloud-based enterprise resource planning (ERP) solutions, utilizing them to boost efficiency and provide insights into how business processes can improve. To implement and optimize these solutions, organizations rely on their ERP vendors, who sometimes provide an inconsistent customer experience.
- A new KLAS report examines (1) customer adoption across the three
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KLAS Report: SAP in Healthcare 2023
What You Should Know:
- A new report from KLAS finds that several midsize and large healthcare customers have broadly adopted SAP’s platform and appreciate how robust the tools can be.
- Customer feedback around the tools’ usability, however, is mixed; some report high satisfaction and praise the systems’ configurability, while others report frustration with complex interfaces and the number of clicks. In general, respondents see their SAP tools as well integrated and able to achieve what
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M&A: LeanTaaS Acquires Hospital IQ, Combined Valuation Exceeds $1B
What You Should Know:
- LeanTaaS, Inc., a provider of AI-powered and SaaS-based capacity management and patient flow software for health systems, today announced it has acquired Hospital IQ, a provider of intelligent automation solutions for hospitals. The acquisition values the combined company at more than $1 billion in enterprise value and enables it to power intelligent operations across more than 180+ U.S. health systems. The financial terms of the acquisition were not disclosed.
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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
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EMRs Are Outdated, but Big Tech Is Not The Answer
Over a decade ago, the “meaningful use” clause in the United States Affordable Care Act incentivized Electronic Medical Record (EMR) adoption. The purpose of this directive was to improve the transfer of laboratory data to point-of-care clinicians to help us make better, more informed decisions for our patients.
In the years that followed, EMR systems have proliferated globally; countries like New Zealand, Norway, and the Netherlands are reporting EMR usage rates above 90% for primary care
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HLTH22 Day 1 News Summary: Google, Maven, Highmark, LG, Others
Venture Capital, Private Equity Funding
Maven Clinic Secures $90M to Advance End-to-End Family Care Platform
Maven Clinic, the largest virtual clinic in women’s and family health raises $90 million Series E funding bringing its total funding to $300M. Maven plans to use the latest round of funding to advance its end-to-end family care platform to enable deeper personalization to meet the diverse needs of women and families everywhere.
Curavit Raises $5M for Digital Therapeutics
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