- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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UNC Health Care Adopts CarePort’s Care Coordination Platform Across 12 Hospitals
- CarePort, a provider of care coordination and management solutions is collaborating with North Carolina’s statewide health information exchange, NC HealthConnex.- The partnership allows for all 12 hospitals in the UNC Health Care system to improve efficiency and ultimately improve patient outcomes as the not-for-profit health system builds a more effective care coordination program between hospitals.- CarePort’s platform provides real-time patient data, alerts for critical patient events (e.g.
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CarePort Guide Joins Epic App Orchard Marketplace to Optimized Discharge Planning
- CarePort Health announced that CarePort Guide, its post-acute provider database and patient choice application, is now available in the Epic App Orchard marketplace.- The integration allows Epic customers to increase conversions to preferred providers while preserving patient choice.CarePort Health, a provider of care coordination and post-acute outcomes management announced that CarePort Guide, its post-acute provider database and patient choice application is now available in the Epic App
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QliqSOFT Launches GPS-Enabled Post-Acute Care Delivery Resource Management App
- QliqSOFT launches its home health nurse distress notification-enabled mobile care-delivery app, Visit Path, at the 2019 National Hospice and Palliative Care Organization Conference. - New post-acute visit management app provides real-time business-enhancing delivery-data and instant distress notification for hospice and home healthcare agencies.QliqSOFT, a secure, HIPAA-compliant clinical communication solutions, today announced the launch of its home health nurse distress notification-enabled
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Ochsner Accountable Care Network Saves $12.9M for Medicare Beneficiaries
- The Ochsner Accountable Care Network reduces the cost of care by $12.87M for over 24,000 Medicare beneficiaries, representing 81% increase in savings per beneficiary and a 12% increase in total savings in 2018. - Development of Outpatient Complex Case Management and MedVantage Clinics was one of the efforts that contributed to the savings.The Ochsner Accountable Care Network, LLC (OACN) is pleased to report its 2018 savings results, which include a reduction in the expected cost of care by
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PeerWell Lands $6.5M to Commercialize its Worker’s Comp Musculoskeletal Surgery Optimization Platform
Today PeerWell, a San Francisco, CA-based PreHab company helping patients prepare physically and mentally for orthopedic surgery and recover faster has raised $6.5M in Series A funding led by OMERS Ventures with participation from investors Emmett Shear (Co-Founder CEO of Twitch) and Travis May (CEO of Datavant).
Existing investors include XSeed Capital and angel investors
Auren Hoffman (CEO SafeGraph, Co-founder of LiveRamp), Kevin Lin (COO of
Twitch), Michael Seibel (CEO of Y Combinator),
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Only 11% of Acute-Care Providers Use An Integrated EHR, Study Finds
Only 11 percent of acute care providers use an integrated electronic health record (EHR), according to PointClickCare’s results of its 2019 Patient Transition Study. The study reveals that acute care and long-term post-acute care patient coordination remains largely manual through paper, email, and fax processes.Conducted in partnership with Definitive Healthcare, c-suite executives from acute and post-acute care facilities provided input on data sharing, concerns about interoperability, and
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Why Real-Time Health Data Is a Requirement in Today’s Health System
Sara Radkiewicz, Head of Product, CarePort Health
Thanks to technological innovation in the industry and CMS’ push for interoperability, today there’s more patient health data being collected than ever before. The problem is that the data is either not easily accessible to providers or it’s claims based and therefore not timely. The lag time between the collection and sharing of health data makes it difficult, and in some cases impossible, for providers to get a complete picture of their
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Report: Health Systems Are Struggling to Simplify Patient Billing & RCM Processes
Today’s health systems are prioritizing patient financial experiences, yet many still struggle to simplify patient billing and align it with revenue cycle management (RCM), according to an in-depth study, commissioned by patient payment and engagement platform Cedar and conducted by The Health Management Academy (The Academy). The Cedar and Academy study examined practices at 20 of the top 100 U.S. health systems including qualitative and quantitative analyses of 23 senior executives
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Research: July Digital Health IPOs, M&A Activity, Public Company Performance Summary
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
Source: Healthcare Growth Partners (HGP)
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
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