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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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
M&A: PE-Backed Guidehouse Acquires Navigant Consulting for $1.1B
Guidehouse (formerly PwC’s US Public Sector business), a portfolio company of private equity firm Veritas Capital has acquired global management consulting firm Navigant Consulting, Inc. for approximately $1.1 billion. The newly combined entity will bring together each organization’s strong expertise in highly regulated industries across both the commercial and government sectors, with a focus on supporting client needs in the industries of Healthcare, Financial Services, Energy, National
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DAS Health Acquires Health IT and Medical Billing Conglomerate
DAS Health, an industry leader in health IT and management, announced today it completed the acquisition of a Milwaukee-based healthcare solutions conglomerate, including WRT Specialties, Inc., Easy PC Solutions, LLC, EasyMed Billing, LLC and Houston-based Systech Solutions. This follows DAS’ acquisition of Houston-based Altex Business Solutions earlier this year, and three Chicago-based companies at the end of 2018. Financial details of the acquisition were not disclosed.DAS Health Growth
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OHSU to Implement Kyruus ProviderMatch to Improve Patient Access
OHSU in Portland, Oregon, a nationally distinguished research organization, announced it will implement Kyruus ProviderMatch platform to enhance patient access to providers and services across the OHSU health system.Comprehensive Provider DirectoryOHSU is building a comprehensive provider directory with KyruusOne®, Kyruus’ robust provider data management platform. The platform will enable the health system to unify disparate data sources and develop detailed profiles with direct engagement from
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CMS Launches Pilot to Give Clinicians Direct Access to Claims Data
New CMS Pilot program gives clinicians direct access to claims data, putting patients over paperwork and at the center of their care.Today, at the White House Blue Button Developers Conference (BBDC), the Centers for Medicare & Medicaid Services (CMS) announced a new pilot program for clinicians called “Data at the Point of Care” (DPC). DPC is based on an industry-standard application programming interface (API), and is part of the MyHealthEData Administration-wide initiative that is
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HIM Provider Ciox Health Lands $30M to Expand Health Data Repository
Ciox Health, a provider of health information management solutions has raised $30 million in equity investment capital led by Merck Global Health Innovation Fund (Merck GHIF) and private equity owner New Mountain Capital. Every record represents a real person. Each data point is a potential game-changer in someone’s life: a connection to be understood and acted upon. Ciox rapidly and securely facilitates access to clinical records on behalf of its healthcare provider customers, enabling
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Largest Physician-Led Radiology Practice Radiology Partners Lands $700M
Radiology Partners, (RP), the largest physician-led and physician-owned radiology practice in the U.S. with 1400 radiologists supporting more than 1000 hospitals across 21 states, today announced that Starr Investment Holdings (SIH) has invested approximately $700M of long-duration capital in the practice to support its continued growth, including future practice and hospital system partnerships, as well as investments in clinically-focused technology and innovation. RP physicians are also
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Tenet to Spin Off RCM Provider Conifer Health as Separate, Public Company
Tenet Healthcare Corporation has announced its intention to pursue a tax-free spin-off of its revenue cycle management business unit Conifer Health as a separate, independent publicly-traded company. The company expects to complete the spin-off by the end of the second quarter of 2021. This announcement is the culmination of the Conifer strategic review process announced in December 2017.Spin-Off ProcessThe separation process will include a thorough review of the necessary executive leadership
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John Muir Health to Outsource All Non-Clinical Operations to Optum
John Muir Health has announced a strategic partnership with UnitedHealth Group’s (UHG) division, Optum to outsource their key non-clinical functions, including information technology, revenue cycle management, analytics, purchasing and claims processing. Through Optum’s operational technologies, analytic solutions and tools, and administrative services expertise, the partnership will ensure John Muir Health further advance its clinical and operational performance. The outsourcing agreement will
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TriHealth Goes Live on Kyruus’ Patient-Provider Matching Solution Across Network
TriHealth, a Cincinnati-based, not-for-profit health system, has implemented Kyruus’ patient access platform to boost online patient acquisition and engagement. Now working with Kyruus, TriHealth is empowering patients to seamlessly search for providers by a wide range of criteria across its network of five hospitals and over 100 sites of care. Formed as a partnership between Good Samaritan Hospital and Bethesda Hospital, TriHealth includes five hospitals and over 100 other sites of
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