Waystar, a provider of revenue cycle technology, today announced it has acquired PARO, a financial assistance predictive analytics solution designed for the healthcare industry. As part of the acquisition, the PARO solution will be integrated with Waystar’s technology platform to help hospitals better assess charity care, reduce bad debt and meet community benefit requirements.Why PARO?Nonprofit hospitals are required to make reasonable efforts to determine if patients are eligible for financial
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UPMC
UPMC Launches New Telemedicine Company to Tackle Infectious Diseases
UPMC, today announced the launch of a new telemedicine-enabled
company to help hospitals address the nationwide shortage of physicians
specializing in infectious diseases. Backed by the world-class ID expertise of
UPMC, the new company named Infectious Disease (ID) Connect aims to improve outcomes while reducing
transfers and keeping patients in their own communities for treatment.
Factors Driving Formation of ID Connect
UPMC’s
network of hospitals has been providing ID services to
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Digital Prescribing Platform Xealth Raises $11M to Expand Digital Health Tools
Xealth, a Seattle-based digital prescribing platform has raised $11 million in Series A funding from McKesson Ventures, Novartis, Philips, and ResMed. Existing investors Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network also participated in the round.Xealth BackgroundSpun out of Providence St. Joseph Health in 2017, Xealth enables clinicians to prescribe and monitor digital healthcare content, apps, devices, and
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Philips, AHA & UPMC Launch $30M Fund to Spur Health Innovation in Heart Disease and Stroke Care
Philips, American Heart Association (AHA) and UPMC’s announcement to launch Cardeation Capital, a new $30 million venture fund designed to spur healthcare innovation in heart disease and stroke care. With cardiovascular disease costs projected to exceed $1 trillion by 2035, this initiative will play a critical role in transforming care for a healthier, less costly tomorrow.The fund will be managed by Aphelion Capital where each company has committed $10 million and will work together to identify
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Elsevier Acquires Clinical Decision Support Solution Via Oncology
Elsevier, the information analytics business specializing in science and health, and part of RELX Group, today announced that it has acquired Via Oncology, a Pittsburgh, Pennsylvania-based company that provides clinical decision support and best practices in cancer care management. A former subsidiary of UPMC, one of the nation's leading integrated healthcare delivery and financing systems, Via Oncology helps cancer centers demonstrate the value of their care to patients, referring physicians
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Health Fidelity Launches NLP-Powered Provider Risk Adjustment Solution
Health Fidelity, a UPMC-funded startup developing innovative solutions for value-based care has announced the launch of NLP-powered risk adjustment solution for providers. The solution, HF360 Risk Adjustment for Providers empowers risk-bearing providers with the technology and support needed to succeed in implementing value-based care models.To ensure optimal implementation and ROI, Health Fidelity also offers HF360 Blueprint, a consultative service that helps providers benchmark their current
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Digital Health Startup Incubated at Providence Lands $8.5M for Digital Prescription Platform
Xealth, a digital health startup incubated within Providence’s Digital Innovation program has raised $8.5 million in funding led by DFJ to launch its digital prescription platform. The funding also included participation from leading healthcare organizations including Providence, UPMC, Hennepin, and Froedtert.Xealth’s digital prescribing and analytics platform is already being used by two of the largest not-for-profit healthcare systems in the US—Seattle-based Providence and Pittsburgh-based
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UPMC Launches Telehealth App for Pennsylvania Patients With Non-Emergency Symptoms 24/7
UPMC (University of Pittsburgh Medical Center) Health Plan has launched a new smartphone-enabled UPMC AnywhereCare telehealth app platform that allows patients to receive high-quality care from emergency room professionals 24 hours a day and with reduced copays – all from the comfort of their own home or office. Since the launch of the smartphone-enabled app in November 2016, satisfaction with AnywhereCare has ranked highly among consumers, with patients rating the overall experience 4.8 out of
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UPMC Invests $35M into medCPU for Clinical Decision Support
UPMC and medCPU Inc. has announced a strategic partnership in which UPMC, one of the nation’s leading integrated health systems, will take a majority interest in this technology innovator, become a customer of medCPU’s real-time decision support solutions and co-develop additional products with the goal of improving patient outcomes.
As part of this transaction, UPMC has commenced a tender offer to purchase stock from existing non-employee medCPU shareholders and expects to hold
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Backed by UPMC, Mental Health Startup Lantern Raises $17M
Mental health startup Lantern that provides online programs that provide effective, affordable support for emotional well-being has raised $17M in funding led by Pittsburgh-based UPMC. Other investors in the round included participation from Mayfield Fund, SoftTech Venture Capital andStanford University. As a leading mental health provider and research organization, UPMC will partner with Lantern to leverage its platform within a myriad of clinical settings and conditions.
Proven Approach,
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