Notwithstanding the quite significant stock market turmoil for publicly traded healthcare companies in recent months, the level of private investment activity continued to be quite strong this past quarter. According to Rock Health, 1Q19 registered just under $1.0 billion of investments made in 61 healthcare technology companies, which while below the trailing two year quarterly average of $1.4 billion, still suggests an annual investment pace running toward $4.0 billion. StartUp Health, which
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risk
Security Vulnerabilities Detected in ICDs: Addressing Ransomware Risk in Medical Devices
Medical device usage is on the rise, and that reality potentially puts people at risk if those gadgets have security flaws. It's crucial for device manufacturers, industry regulators and health practitioners to work together to ensure safety are paramount as adoption rises.Internal health devices are particularly at risk, especially since patients and providers may not immediately notice issues. The people who use or prescribe them assume they'll work as expected and typically don't have ways to
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CMS Primary Cares Initiative With 2 New Payment Models Launches
On Monday, CMS Secretary Alex M. Azar II announced the launch of CMS Primary Cares—an initiative with two sets of new payment models that will enroll a quarter or more of traditional Medicare beneficiaries and a quarter of providers in arrangements that pay for keeping patients healthy, rather than ordering procedures.New Primary Care Payment Models1. The Primary Care First path will allow smaller primary care practices to be paid a simple, flat stream of revenue for each patient. When a patient
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PE Firm Considering Options Including Sale of RCM Provider Waystar
Private multi-asset alternative investment firm Bain Capital is reportedly considering options including the potential sale of revenue cycle management (RCM) company Waystar, Bloomberg reports. In 2018, Bain rebranded RCM companies Navicure and ZirMed as Waystar after merging the two companies together in 2017. Waystar Sale Could Value Company At More Than $3BBain has started early-stage discussions about a potential sale that could value the business at more than $3 billion, according to
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Cone Health, Babyscripts Expands Partnership to Develop Digital Solutions for Prenatal & Postpartum Health
Babyscripts, a virtual care platform for managing obstetrics, has expanded its partnership with Cone Health, a leading not-for-profit network of healthcare providers in North Carolina. The expanded partnership seeks to develop new digital modules to improve access to high-quality pregnancy care for risk-specific populations.Cone Health’s Expanded Partnership with BabyscriptsAs part of the partnership, Cone Health provides Babyscripts invaluable clinical input, access to clinical staff and
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Censinet Nabs $7.8M for Third-Party Vendor Risk Management Platform
Censinet, a third-party risk management company for healthcare providers has raised $7.8 million in Series A funding co-led by HLM Venture Partners and Cedars-Sinai Health System. The Series A round also includes participation from seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures.The Problem with Provider Vendor Risk Management TodayHospitals today work with 700 vendors on average, each requiring a risk assessment that can take eight weeks or more to complete. Due to the
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Cityblock Raises $65M to Address Social Determinants of Health in Underserved Communities
Cityblock, a Brooklyn, NY-based company building sustainable, scalable systems that provide high-quality, cost-effective care for underserved populations with complex health needs has raised $65 million in Series B funding. The funding was led by Redpoint Ventures, 8VC (affiliate venture fund with Cambia Health Solutions and Blue Cross and Blue Shield of North Carolina), Echo Health Ventures and StartUp Health including existing investors Sidewalk Labs, Thrive Capital, Maverick Ventures, Town
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How Marin General Hospital Adopts “Virtual Presence” to Transform the Patient Experience
Mark Zielazinski, CTO at Marin General Hospital shares how their organization is integrating "virtual presence" in the in-hospital setting - allowing patients, providers, and caregivers to clearly communicate and improve clinical outcomes.Telemedicine has resulted in money-saving efficiencies to hospital operations, improved patient safety, and given more people access to healthcare service among other benefits. In use for a number of years, it’s here to stay as a vital tool in patient care.At
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6 Advantages of Using a Cloud-Based EHR System for Physician Practices
Kal Patel, COO at Meditab breaks down six benefits of using a cloud-based EHR system to lower toal cost of ownership (TCO), accelerate implementation timelines, improve accessibility and reduce hardware requirements for physician practices.
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