Health systems across the country will require a plan to react to government deep spending cuts and revenue shortfalls due to the COVID-19 pandemic. Hospital services have seen a significant downturn in demand in 2020, and the recent resurgence in cases has led to further decreases. The public health emergency has also resulted in innovation, most notably telehealth, which has been granted temporary pay parity during the pandemic.
Still, hospitals and health systems face a year of losses, but
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Value-Based Care| VBC-Related News, Analysis, Insights - HIT Consultant
Vytalize Health to Acquire Patient Financial Experience Platform MedPilot
What You Should Know:
- Vytalize Health to acquire patient financial experience platform MedPilot to accelerate data-driven engagement technology to its ACO's Medicare population.
- An alumnus of the Cedars-Sinai Accelerator, MedPilot’s platform has already helped over 1 million patients to date and boasts a 97% patient satisfaction score.
Vytalize Health, a leading provider of value-based healthcare announced it is acquiring MedPilot, a Cleveland-based patient financial
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Signify Health Shares Soar More Than 33% in IPO, Valuing Company at Over $7.12B
What You Should Know:
- Shares of Signify Health, a value-based care billing platform for in-home and bundled health services jumped more than 33% in its initial public offering (IPO), valuing the company at over $7.12B.
- Today, Signify Health’s CEO Kyle Armbrester will also join the ranks among the youngest CEOs to ever take a company public – notably alongside Bumble’s CEO who also began trading on the NASDAQ today.
- The company raised 564 million by offering 23.5 million
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UPMC Spinout Astrata Launches NLP Platform to Improve Value-Based Care
What You Should Know:
- UPMC spinout company Astrata launches a natural language processing (NLP) technology platform that allows health insurers to more efficiently analyze unstructured clinical data.
UPMC Enterprises, the innovation and commercialization arm of UPMC has incubated and launched Astrata, a digital healthcare quality company. Astrata uses advanced analytics and natural language processing (NLP) to improve value-based care.
Founded by Rebecca Jacobson, M.D., M.S. Astrata
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Anthem Acquires Puerto Rico’s Largest Medicare Advantage Plan
What You Should Know:
- Anthem, Inc. has entered into an agreement with InnovaCare Health, L.P., to acquire its Puerto Rico-based subsidiaries, including MMM Holdings, LLC (“MMM”) and its Medicare Advantage (MA) plan MMM Healthcare, LLC as well as affiliated companies and Medicaid plan.
- MMM is Puerto Rico’s largest MA plan and one of the fastest-growing vertically integrated healthcare organizations in the United States.
- With more than 267,000 MA members and over 305,000
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Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards
What You Should Know:
- Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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Why CMS Will Lead the 2021 Kidney Care Revolution
After an unprecedented year, kidney care providers, including nephrologists, dialysis facilities, and care extenders are expecting 2021 to follow suit. We will see an overhaul in reimbursement and major industry shifts, partly led by CMS, that will require providers to advance their capabilities in a way that will usher in more widespread innovation. These new models encourage a shift in treatment approach that will deliver earlier interventions and better outcomes.
The following are
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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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Healthcare PE Firm Heritage Group Launches $300M Health Tech Fund
What You Should Know:
- Healthcare private equity firm Heritage Group launches a $300M fund to invest in high-growth healthcare services and technology companies.
- Heritage is backed by some of the leading healthcare organizations in the nation, including large provider systems, payers, and healthcare service providers.
Heritage Group, a Nashville, TN-based healthcare-focused private equity firm, today announced the closing of over $300 million in its oversubscribed third fund, an
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Modernizing Medicine Acquires Orthopedic EHR Platform Exscribe – M&A
What You Should Know:
- Modernizing Medicine announced it has acquired
orthopedics EHR vendor Exscribe bringing together two of the healthcare
industry’s leading, all-in-one orthopedic EHR vendors.
- As part of the acquisition, Exscribe Founder and CEO,
Dr. Sachdev and other members of the Exscribe team will be joining Modernizing
Medicine.
Specialty-specific EHR provider Modernizing Medicine announced it has acquired
orthopedics electronic
health records (EHR) vendor Exscribe.
The
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