What You Should Know: - Grand Rounds, a leader in healthcare quality and clinical navigation, and Doctor on Demand, the nation’s leading virtual care provider, announced their merger agreement, creating a first-of-its-kind integrated virtual care company. - These two premier platforms will offer a patient and provider experience unmatched elsewhere, providing a full suite of digital and interactive solutions to help people address the $300 billion problem of uncoordinated care in the
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Freespira Secures $10M for FDA-Cleared Digital Therapeutic to Eliminate Panic Attacks, PTSD Symptoms
What You Should Know: - Lightspeed Venture Partners, the VC behind Nest and GrubHub, is leading a $10 million round for Freespira, an FDA-cleared digital therapeutic proven to significantly reduce or eliminate panic attacks and PTSD symptoms by training users to normalize respiratory irregularities. - In 28 days, Freespira can reduce or eliminate panic
attacks and PTSD symptoms from home with just a tablet, sensor, and custom app.
There’s no medicine with possible side effects and no need
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience. The Cleveland Clinic and Amwell joint venture appoint
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Hospital Sustainability Demands that Revenue Integrity Move Front and Center
Razor-thin operational margins coupled with substantial and ongoing losses related to COVID-19 are culminating in a perfect storm of bottom-line issues for U.S. hospitals and health systems. A study commissioned by the American Hospital Association (AHA) found that the median hospital margin overall was just 3.5% pre-pandemic, and projected margins will stay in the red for at least half of the nation’s hospitals for the remainder of 2020. The reality is that an increase in
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Providence Combines 9 Investments & Acquisitions to Form Tegria
What You Should Know: - Providence combines nine operating companies to form
Tegria into a comprehensive suite of offerings for organizations across the
health care sector -Tegria will focus on three key initiatives—healthcare
consulting and technology services, revenue cycle management solutions and
software technology and platforms. Providence, one of the nation's largest health systems announce the formation of Tegria, a new company designed to provide next-generation
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Revint Merges with Triage to Deliver Comprehensive Revenue Integrity
What You
Should Know: - Revint,
a leader in technology-enabled revenue integrity solutions for healthcare
providers, announced they will be merging with Triage Consulting Group, one of
the nation’s premier healthcare revenue integrity companies. - With this merger, Revint continues to invest in its technology and product solutions that recover revenue through a guaranteed ROI model that hospital systems can depend on. Revint Solutions, a leader in
technology-enabled revenue integrity
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Radiology Partners Acquires MEDNAX Radiology Solutions for $885M
What You Should Know: - Radiology Partners acquires MEDNAX Radiology Solutions,
a division of MEDNAX, Inc. for $885M in cash. - The acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale, and further elevate the role of radiologists within the healthcare field. Radiology Partners
(RP),a radiology practice in the U.S., announced a definitive agreement to acquire
MEDNAX Radiology Solutions, a division
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Cone Health to Merge with Sentara Healthcare Totaling $11B in Assets
What You Should Know: - Cone Health has signed a letter of intent to merge with
Norfolk, Virginia-based Sentara Healthcare for a combined $11B in assets. - The merger creates one large health system totaling of
17 hospitals – 11 Sentara hospitals in Virginia and one in Elizabeth City,
N.C., and five Cone Health hospitals in the area surrounding Greensboro. Cone Health has signed a letter of intent to merge with Norfolk, Virginia-based Sentara Healthcare. The merger will
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Providence Acquires MEDITECH Consulting Firm Navin, Haffty & Associates
What You Should Know: - Providence acquires MEDITECH Consulting Firm Navin,
Haffy & Associates to combine with Engage IT Services to become a leading
solutions and services provider for the healthcare industry. - The two firms are part of Providence Services Group (PSG), a family of top-tier healthcare technology services firms, brought together by Providence Health System, as part of Providence's broader ongoing strategy to launch an independent solutions and
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Survey: Alternate Site Providers Report Expanded Adoption of Telehealth
What You Should Know: - Fifty-nine percent of alternate site providers have expanded their use of telehealth, according to recent findings from Premier Inc. - Alternate site providers – which include nursing homes
and long-term care facilities account for 40 percent of COVID-19 deaths. - Premier’s survey was conducted from May 20-June 10, 2020, and sent to a representative portion of non-acute care providers in the Premier membership. Premier Inc., a healthcare improvement
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