Summary of Health IT/digital IPOs, merger & acquisition (M&A) activity, and public company performance during the month of July.
Digital Health IPOs in July
Breaking the digital health IPO drought, there were four initial public offerings (IPOs) during a five-week period from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare. The last health IT companies to reach IPO were iRhythym Technologies and Tabula Rasa Healthcare in late 2016 -
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Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant
NYC Health + Hospitals Launches Primary Care-Centered Diabetes Management Program
NYC Health + Hospitals, the largest public health care system in the nation announced the launch of a comprehensive, primary care-centered diabetes management program. The diabetes management program includes investing in new clinical pharmacy staff, equipment, and technology to improve health outcomes and expand services through telehealth techniques for more than 60,000 New Yorkers with diabetes who receive care in the City’s public hospitals and community-based health centers.Impact of
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DrFirst Integrates with Epic’s Real Time Prescription Benefits Prescribing Workflow
DrFirst, a provider of e-prescribing, price transparency, and medication management solutions announced today that it has entered into an integration agreement with leading EHR provider Epic to make DrFirst’s myBenefitCheck (real-time benefit check) service available to clients in Epic’s RTPB (Real-Time Prescription Benefits) prescribing workflow to help doctors and patients understand the cost of the drugs and drive medication adherence.How myBenefitCheck WorksVia myBenefitCheck, prescribers
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VA Transfers 23.5 Million Patient Health Records to Cerner’s Data Center
The U.S. Department of Veterans Affairs (VA) recently transferred the health records of 23.5 million Veterans to a Cerner's data center, setting the stage for the records to be processed this summer in support of VA’s and Department of Defense’s (DoD) common electronic health record (EHR) solution.Data Migration PhaseThis initial data migration phase of VA’s Electronic Health Record Modernization (EHRM), which began in late spring, is an important milestone reflecting the decision to replace
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CVS Uses Analytics to Expand Transform Diabetes Care Program
More than two years since its launch, pharmacy benefit manager (PBM) CVS Caremark’s Transform Diabetes Care program has helped PBM members better control their diabetes through a combination of highly personalized member support and coaching focused on improving medication adherence and better control of HbA1c. In fact, more than 50 percent of members with uncontrolled diabetes who enrolled in the program have moved to a controlled status and, on average, members have improved HbA1c by 1.2
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Rite Aid Launches Telehealth Kiosks With RediClinic Express in Pennsylvania
Rite Aid Corporation has announced the launch of RediClinic Express, in partnership with InTouch Health, a leading telehealth company that offers telehealth kiosks stations. As part of the partnership, Rite Aid will leverage InTouch Health's virtual care software platform, Solo by InTouch, to power the virtual health program to connect patients to clinicians via RediClinic Express kiosks located in Rite Aid stores. Patients will be able to speak with RediClinic clinicians directly via a
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Reducing Preventable Medication Errors and Adverse Drug Events
Using a Health Information Exchange (HIE), clinicians across multidisciplinary care teams can access a patient’s medications, reconcile the list and monitor their progress, thereby reducing medication errors and future costs from preventable hospital admissions.
Multiple factors combine to make the prescribing, supplying and taking of medications a perilous and costly issue for patients and the healthcare sector. Prescription medication use is by far the most common health intervention.
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D2 Consulting Acquires Patient Engagement Company WorkUp
Life sciences consulting firm D2 Consulting, today announced it has acquired Brooklyn, NY-based patient engagement company WorkUp, Inc. The acquisition expands D2’s existing technology solutions, providing value-added support for clients, including manufacturers, specialty pharmacies, HUBs, payers, pharmacy benefit managers and integrated delivery networks.Founded in 2013 to support high maintenance patients, WorkUp’s patient engagement solution, Status improves operational efficiencies and
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NextGen Office EHR Integrates with Appriss Health to Combat Substance Use Disorder
NextGen Healthcare, Inc., a provider of ambulatory-focused technology solutions, announced today that it has integrated Appriss Health prescription monitoring and tracking analytics into NextGen Office, the company’s cloud-based, small practice electronic health record (EHR) solution. These enhanced capabilities enable providers to more effectively prescribe and dispense controlled substances. The technology also maximizes patient health and safety by checking state records for controlled
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Capital Rx Lands $12M To Redefine The $550B Pharmacy Benefit Industry
Capital Rx, a New York-based pharmacy benefits manager overseeing prescription benefit plans for employers, unions, and government entities, today announced it has raised $12M in growth funding led by Edison Partners.Transforming An Outdated Model“Historically, the PBM industry chose consolidation over innovation, which is why the model hasn’t evolved in twenty years,” said AJ Loiacono, founder, and CEO of Capital Rx. “The sad truth is employers procure office supplies more effectively than
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