Mark Toland, CEO of Corindus Vascular Robotics (acquired by Siemens for $1.1B last year), has announced his departure and will be joining BioStar Capital, a health-tech venture capital group focused on cardiovascular and orthopedic medical devices. As a partner and entrepreneur in residence, Mark will help to identify and develop innovative companies leveraging AI, deep learning, robotics, and other transformative technologies that address a wide range of unmet needs. The BioStar team has
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Waystar Acquires Medicare RCM Company eSolutions at $1.3B Valuation
What You Should Know: - Revenue cycle management provider Waystar acquires eSolutions, a provider of Medicare and Multi-Payer revenue cycle management, workflow automation, and data analytics tools at a $1.3B valuation. - The acquisition will create the first unified
healthcare payments platform with both commercial and government payer
connectivity, resulting in greater value for providers. Waystar, a provider of healthcare payments software, today
announced a definitive agreement
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Cerner Invests in Xealth to Jointly Develop Digital Health Solutions for Clinicians
What You Should Know: - Cerner and Xealth announce a collaboration to foster
tighter physician-patient relationships by giving patients easier access to
digital health tools. - These assets will be prescribed directly within the physician’s EHR workflow to manage conditions including chronic diseases, behavioral health, maternity care, and surgery preparation. - Cerner and LRVHealth have together invested $6 million
in Xealth as part of this agreement, with Cerner and Xealth planning
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Curavi Health, CarePointe, U.S. Health Systems Merge to Form Arkos Health to Power Virtual Care for Seniors
Curavi Health, CarePointe, U.S. Health Systems announced a merger agreement to form Arkos Health. Arkos Health will provide virtual care solutions and health insights to vulnerable populations across the United States. These three entities will become wholly-owned subsidiaries of Arkos Health, and the executive leadership teams will be merged. UPMC will continue to own a financial stake in Arkos Health, while remaining both a customer and service provider. CarePointe, founded in 2015 and
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FCC Surpasses $100M in Approved COVID-19 Telehealth Program Applications
What You Should Know: - FCC’s COVID-19 Telehealth Program, which was authorized by the CARES Act, has approved funding for 305 healthcare providers in 42 states plus Washington, D.C. for a total of $105M in funding. The Federal Communications
Commission’s Wireline Competition Bureau today approved an additional 67 funding applications
for the COVID-19 Telehealth Program. Healthcare
providers in both urban and rural areas of the country will use this $16.87M in
funding to
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FCC Approves First Set of 6 COVID-19 Telehealth Program Providers
What You Need to Know: - FCC begins approving funding to boost telehealth during coronavirus pandemic just three days after the opening of the application window. - Congress appropriated $200 million for the FCC to support health care providers’ use of telehealth services during this national emergency. The Federal Communications Commission’s Wireline Competition Bureau today approved six funding applications for the COVID-19 Telehealth Program. Healthcare providers in some of the
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4 Hospitals Leveraging Social Media to Improve Patient Engagement
Social media is an essential online marketing and outreach
tool for any organization that wants to connect to the largest audience
possible. However, health organizations — like
hospitals — can face unique challenges in managing social media,
which can make effectively leveraging these tools less straightforward. Many large hospitals have been successful in making social media work for them. As a result, they've provided a template that other healthcare
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Waystar Launches AI/RPA Platform to Automate Revenue Cycle Processes
- Waystar Launches Hubble, an artificial intelligence and automation platform, Hubble that automates revenue cycle processes to help providers collect payment faster and more effectively. - The platform uses AI to help providers fix outdated and inefficient billing processes -- helping hospitals that are struggling financially, as well as helping patients avoid issues like surprise medical bills, by improving accuracy and price transparency. Waystar, a Chicago, IL-based provider of
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Report: Digital Health Tools Fail to Keep Up with Patients’ Expectations
- New research report from the Center for Connected Medicine (CCM) finds that health system apps and other digital health tools for patients are not providing the best consumer patient experience. - CCM partnered with HIMSS Media to conduct a survey of 136 qualified professionals at U.S. hospitals and health systems in September 2019. - The report reveals that fewer than 1 in 3 respondents believe their organization is providing a best-in-class digital experience for patients. The result
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3 Underfunded Areas Essential To The Success of Value-Based Care
- Third annual Top of Mind for Top Health Systems survey from the Center for Connected Medicine (CCM) reveals value-based care depends on three underfunded technologies. - KLAS Research shows patient engagement, data analytics, and precision medicine drives better treatments, but barriers remain.As healthcare continues to shift toward value-based care, technology that boosts patient engagement, harnesses all available data for informed decision-making and enables more effective treatments will
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