What You Should Know:
Operational and financial pressures drove mergers and acquisitions in the healthcare sector in Q1 2023, according to a new report from Kaufman Hall. In total, there were 15 announced transactions in Q1 resulting in $12.4 billion in total transacted revenue.The trend of fewer but larger transactions that characterized 2022 was maintained—the average size of the seller or smaller party in Q1 was $827 million, just below last year’s historic year-end average of
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shared savings program
Franciscan Health to Deploy Innovaccer Health Cloud to Eliminate “Data Islands”
What You Should Know:
Today Innovaccer, Inc., the Health Cloud company, announced that Franciscan Health, a 12-hospital system with facilities in Indiana and Illinois, is deploying Innovaccer® Health Cloud to enhance risk-based contract performance and to launch a next-generation experience platform to deliver sophisticated customer and patient relationship management strategies.
- Franciscan Health plans to leverage Innovaccer Health Cloud’s Data Activation Platform to integrate
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Innovaccer Launches ACO Compare to Help ACOs Lower Costs & Increase Care Quality
What You Should Know:
- Innovaccer, the Health Cloud company, introduced ACO Compare 4.0, the latest version of the company’s popular free tool that enables ACOs to analyze and compare their performance against national and regional benchmarks to help them enhance cost savings and increase the quality of care.
- The updated tool is available for ACOs to use at no charge and includes several new features that help providers identify cost drivers that can impact their risk-adjusted per
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CareHarmony Secures $15M for AI-Powered Care Coordination
What You Should Know:
- CareHarmony, an AI-powered care coordination solutions provider, today announced it has closed a $15 million Series A funding round led by Maverick Ventures, with participation from Nashville Capital Network.
- The financing comes as CareHarmony continues to experience exponential growth, serving several of the nation’s leading hospitals and health systems through its care platform.
Developing Proprietary Technology To Meet Increased Demand
Founded in 2015,
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Aledade Raises $123M to Expand Value-Based Primary Care
What You Should Know:
- Aledade, a Bethesda, MD-based provider of value-based primary care raises $123M in Series E funding to support investments in value-based care for more seniors covered by Medicare Advantage (MA) and innovation that improves patient care and increases medical cost savings, including expanded offerings through its new health services subsidiary, Aledade Care Solutions (ACS). Returning investor OMERS Growth Equity led the round, which also included Fidelity Management
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CareMax Acquires Steward Health’s Medicare Value-Based Care Business for $25M
What You Should Know:
- CareMax, a tech-enabled provider of value-based care to seniors announced an agreement to acquire the Medicare value-based care business of Steward Health Care System for a combination of cash and stock.
- CareMax will pay $25 million in cash and issue 23.5 million shares of CareMax’s Class A common stock to the equity holders of Steward at closing, subject to customary adjustments. In addition, CareMax will fund a Medicare receivable to Steward covering accounts
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Bamboo Health ACOs Generate $1B+ in Medicare Shared Savings Program
What You Should Know:
- Following the National Association of Accountable Care Organizations (ACOs) announcement of 2020 data detailing the Medicare Shared Savings Program (MSSP), Medicare's largest alternative payment model, Bamboo Health, formerly Appriss Health and PatientPing, announced its national network of ACOs generated over $1 billion in total shared savings.
- Bamboo Health’s ACO partners succeed under value-based care programs like the MSSP by utilizing their Pings
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Aledade Secures $100M for Value-Based Primary Care, Reaching $2.1B Valuation
What You Should Know:
- Aledade raises $100 Million in Series D funding to help
more primary care practices thrive in value-based care.
- The new funding will power the growth of a nationwide network of more than one million patients by further expanding into Medicare Advantage Contracts.
Aledade,
a Bethesda, MD-based provider of value-based primary care, today announced it
has closed a $100 million Series D funding round following a year of
significant growth for its national
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Collaborative Health Systems’ ACOs Delivers $335M in Medicare Savings
Collaborative
Health Systems (CHS) announced today that its Medicare Shared Savings
Program (MSSP) Accountable
Care Organizations (ACOs) delivered $335 million in total savings to
Medicare and $183 million in shared savings since 2012, according to figures
released by the Centers for Medicare & Medicaid Services (CMS).
Defining Medicare ACOs
Medicare ACOs are groups of doctors, hospitals, and other
healthcare providers who come together voluntarily to provide coordinated,
high-quality
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ACO to Deploy Innovaccer’s FHIR-enabled Data Activation Platform Across Medicare Population
What You Should Know:
- MultiCare Connected Care announced it will leverage Innovaccer's FHIR®-enabled Data Activation Platform for the Medicare Track 1+ population.
- MultiCare Connected Care is an Accountable Care Organization and a wholly-owned subsidiary of MultiCare Health System based in the state of Washington, one of the largest, not-for-profit health systems.
MultiCare
Connected Care (MCC), one of the leading clinically integrated care
networks in the state of Washington,
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