What You Should Know: Today, NexHealth announced its $125M Series C funding, bringing the company’s valuation to $1B for its patient experience platform. - The funding will support the company in advancing its mission to create a more streamlined doctor and patient experience while building the seamless technological infrastructure needed for future health tech entrepreneurs to innovate upon. NexHealth, a San Francisco, CA-based patient experience management platform
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MedStar Health Launches Patient Experience Platform Powered by b.well
What You Should Know: - MedStar Health launches a new patient experience platform, a patient-focused tool that has the most comprehensive product features available in the region to greatly improve the patient experience and access to care, powered by b.well Connected Health, a Baltimore-based digital health platform company focused on re-imagining the consumer healthcare experience and supporting healthcare stakeholders with their digital transformation efforts. - Using a smartphone,
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Vytalize Health to Acquire Patient Financial Experience Platform MedPilot
What You Should Know: - Vytalize Health to acquire patient financial experience platform MedPilot to accelerate data-driven engagement technology to its ACO's Medicare population. - An alumnus of the Cedars-Sinai Accelerator, MedPilot’s platform has already helped over 1 million patients to date and boasts a 97% patient satisfaction score. Vytalize Health, a leading provider of value-based healthcare announced it is acquiring MedPilot, a Cleveland-based patient financial
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NexHealth Acquires Paperless Digital Forms Company Enlive
What You Should Know: - NexHealth acquires integrated paperless forms company Enlive to expand its patient experience platform, making patient data collection easy and secure. - Paperless forms solve long-standing difficulties that healthcare practices have faced with paper-based forms, including data entry, filing, shredding, and scanning patient paperwork. Enlive offers HIPAA-compliant online forms that seamlessly integrate with EHR systems such as Dentrix, Eaglesoft, and Practice
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Florida Health System to Implement Fully Digital Patient Smart Rooms
What You Should Know: - Healthcare innovators NCH Health Systems and eVideon, have partnered to transform the health systems’ patient rooms into an immersive digital experience. - eVideon’s Smart Room solution includes smart TVs, tablets, digital whiteboards, and more to be implemented across NCH hospitals to improve patient engagement, education, and entertainment. - The technology will also benefit the NCH Health
System’s clinical staff by improving workflows and automating
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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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R1 RCM Acquires Patient Engagement Company SCI Solutions for $190M in Cash
- R1 RCM announced the expansion of its tech platform capabilities through the acquisition of SCI Solutions, Inc (SCI). This acquisition enables healthcare providers to automate ordering, scheduling and authorization processes. - SCI’s capabilities integrated into R1’s revenue cycle solution will offer the broadest and deepest tech-enabled patient intake solution available. R1 RCM Inc, a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers,
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NextGen Acquires OTTO Health to Expand Telemedicine Capabilities
- NextGen Healthcare acquires telehealth platform OTTO Health to expand its patient engagement capabilities with integrated virtual visits. - NextGen plans to integrate OTTO Health’s telehealth platform with their recently acquired Medfusion patient experience platform.NextGen Healthcare, Inc., a provider of ambulatory-focused technology solutions, announced an agreement to acquire OTTO Health (“OTTO”). The proposed acquisition is expected to close this month, subject to the satisfaction of
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Analysis: November 2019 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 November 2019We did a doubletake when we noticed all of the HGP healthcare indices climbed approximately 10% during the month of November. Year-to-date, the S&P 500 is up over 25% and the HGP healthcare indices are all hovering in that range. In the two month period since September, when talk of universal healthcare reached
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NextGen Acquires Medfusion for $43M, Spins Out Data Services Business to Form Greenlight Health
- NextGen Healthcare announced today it has agreed to acquire Medfusion for $43 million in cash to give its clients a better patient engagement platform. - Medfusion will spin out its data services business to form Greenlight Health to meet the growing need for patient-initiated health data retrieval. - Greenlight Health will be focused on driving data flows for patients, consumers, businesses and organizations that need ready access to patient-approved data housed across a wide variety of
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