– 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
Read More
Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant
Lemonaid Health Raises $33M to Expand On-Demand Consumer Telehealth Platform
What You Should Know:
- Lemonaid Health, a direct to consumer telehealth company raises $33M in Series B funding to expand the company’s medical team and number of services being offered to patients.
- To date, the company has treated more than a million patients
online for a variety of medical conditions ranging from erectile dysfunction to sinus infections
to depression and anxiety for roughly $25/visit (less than a typical co-pay).
Lemonaid Health,
a convenient, affordable,
Read More
Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories
What You Should Know:
- Same day
pharmacy delivery startup NowRx raises $20 Million in Series B funding to expand
into new U.S. territories and accelerate its technology roadmap, transforming
the way consumers get their prescriptions.
-
NowRx’s competitive
advantage is its proprietary pharmacy management system, which leverages AI and
robotics to fill and deliver prescriptions in record time, including
interfacing with insurance, checking for drug
Read More
Wake Forest Baptist Health Launches Drone Delivery for Medicines, PPE for COVID-19
What You Should Know:
- Wake Forest Baptist Health will establish a hospital drone delivery network to carry patient-specific time- and temperature-sensitive medicines and PPE for medical professionals treating COVID-19.
- In partnership with Matternet and UPSFF today started
operating on two routes from one location at Wake Forest Baptist Health to two
other health system locations, marking one of the first hub-and-spoke operating
models for the U.S. drone delivery industry.
Wake
Read More
Medly Pharmacy Lands $100M to Expand Digital On-Demand Pharmacy Platform
What You Should Know:
- Medly Pharmacy raises $100M investment co-led by
Volition Capital and Greycroft to propel Medly's leadership in the $500B+
digital on-demand pharmacy market.
- Medly will use the funding to expand its digital on-demand pharmacy platform, enter new markets, and provide category-leading services to patients and partners across the country that is well-positioned to meet new customer needs.
Medly Pharmacy (Medly), an industry-leading full-service digital
Read More
Health in Motion Network, Updox Integrate to Improve Pharmacy Care Amid COVID-19 Pandemic
What You Should Know:
- Health in Motion Network announced a partnership with Updox to integrate its HIPAA-compliant virtual health software into the Health in Motion Network’s consumer-direct pharmacy platform, ERxDirect.
- ERxDirect powered by Updox uniquely connects local
health care, community pharmacies and urgent care centers with the innovation
they need to remotely communicate with patients, which has become more
essential than ever due to the COVID-19 pandemic.
- By partnering
Read More
Emtiro Health Taps Innovaccer to Leverage the FHIR-Enabled Data Activation Platform
What You Should Know:
- Emtiro Health, an
innovative population health company in North Carolina has selected Innovaccer
to deliver data-powered solutions to enhance the efficiency and effectiveness
of care delivery.
- Powered by Innovaccer’s FHIR-enabled Data Activation
Platform, Emtiro Health will create unified patient records that drive
comprehensive, whole-person care management, no matter where they are on the
care continuum. The FHIR-enabled Data Activation Platform will also
Read More
Allscripts, Microsoft Ink 5-Year Partnership to Support Cloud-based Sunrise EHR, Drive Co-Innovation
What You Should Know:
- Allscripts and Microsoft sign a five-year partnership extension to support Allscripts’ cloud-based Sunrise electronic health record and drive co-innovation.
- The alliance will enable Allscripts to harness the power of Microsoft’s platform and tools, including Microsoft Azure, Microsoft Teams, and Power BI, creating a more seamless and highly productive user experience.
Today Allscripts and
Microsoft Corp. announced the
extension of their long-standing
Read More
New CVS Pharmacy App Feature Can Read Prescription Labels Out Loud for Visually Impaired
What You Should Know:
- CVS introduced Spoken Rx™, a new feature of the
CVS Pharmacy app that can read important prescription information out loud. It
is vitally important for patient safety and adherence that prescription labels
are clear and visible, but for patients with visual impairments or those who
can’t read standard print labels, that’s not always the case.
- Spoken Rx provides an audible label option that reads
important info such as patient name, medication name,
Read More
Philips and BioIntelliSense Integrate to Enhance Remote Patient Monitoring
What You Should Know:
- Philips integrates the BioIntelliSense FDA-cleared
BioSticker™ sensor as part of its remote patient monitoring solutions for
patients outside the hospital.
- Multi-parameter sensors aid monitoring across multiple chronic conditions with medical-grade vital signs for physicians to remotely track core symptoms, including COVID-19.
- Healthcare Highways is the first to leverage the BioSticker sensor as a part of Philips’ RPM program in the U.S.
Philips,
Read More
