What You Should Know: Arcadia, a healthcare data analytics company raises $125M from Vista Credit Partners and a strategic investor and financing partner focused on the enterprise software, data and technology market.Arcadia helps providers and health plans deliver actionable insights to advance care and research, drive strategic growth, and ensure financial success.The investment will accelerate Arcadia’s platform innovation and go-to-market strategy to meet the growing demand from
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VistA
Study: AI-Guided Solution Improves MRI Scan Times & Adoption Rates
What You Should Know: - Vista.ai, a pioneer and leader in automated MRI solutions, today announced results from a clinical adaptation study on the company’s One Click MRI™ software, led by Dr. Raymond Kwong, Director, Cardiac Magnetic Resonance Imaging for Harvard-affiliated Brigham and Women's Hospital. - The findings show that Vista.ai’s AI-guided image acquisition software improves cardiac MRI (CMR) scan times and achieves high adoption rates by hospital imaging staff. Clinical
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Innovaccer Launches Connected Digital Health Solution for Biopharma & Medtech
What You Should Know: - Today Innovaccer, the Health Cloud company, announced its Connected Digital Health solution, a new way for life sciences companies to rapidly deliver next-generation digital apps that surround therapeutics and devices with highly engaging patient experiences, improve clinical outcomes, and generate valuable real-world evidence (RWE). - The new solution will allow life sciences companies to realize the promise of digital health with holistic, “around-the-brand”
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies. By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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FCC Unveils 14 Initial Projects Selected for $100M Connected Care Pilot Program
What You Should Know: - FCC announces initial 14 pilot project selected for $100M Connected Care Pilot Program that will support connected care service across the country and focus on low-income and veteran patients. The Federal Communications Commission (FCC) today announced an initial set of 14 pilot projects with over 150 treatment sites in 11 states that have been selected for the Connected Care Pilot Program. A total of $26.6 million will be awarded to these applicants for
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Greenway Health Taps AWS to Develop Cloud-Based, Data Services Platform
What You Should Know: - To help meet the needs of ambulatory care practitioners in a post-COVID environment, Greenway Health, a leading health information technology, and services provider, today announced a new strategic partnership with Amazon Web Services (AWS). - Leveraging AWS cloud services, Greenway is developing a new cloud-based, data services platform, Greenway Insights, that creates new data insights and healthcare interventions to advance the breadth of Greenway’s products and
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Augmedics Secures FDA 510(k) Clearance for Augmented Reality Guidance System for Surgery
- Augmedics announced U.S. Food and Drug Administration (FDA) 510(k) clearance and the U.S. launch of its groundbreaking xvision Spine system (XVS), the first AR guidance system to be used in surgery. - xvision Spine allows surgeons to visualize the 3D spinal anatomy of a patient during surgery as if they had “x-ray vision,” and to accurately navigate instruments and implants while looking directly at the patient, rather than a remote screen. Today, Augmedics announced U.S. Food and Drug
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VA Transfers 23.5 Million Patient Health Records to Cerner’s Data Center
The U.S. Department of Veterans Affairs (VA) recently transferred the health records of 23.5 million Veterans to a Cerner's data center, setting the stage for the records to be processed this summer in support of VA’s and Department of Defense’s (DoD) common electronic health record (EHR) solution.Data Migration PhaseThis initial data migration phase of VA’s Electronic Health Record Modernization (EHRM), which began in late spring, is an important milestone reflecting the decision to replace
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Can A Peace Treaty Between Doctors & EHRs Tackle Physician Burnout?
It may be difficult to recall now, what with the ongoing Cerner deployment and recent challenges that had little to do with technology, but there was a time when the Department of Veterans Affairs was considered the gold standard for healthcare IT.VA was out front with the initial development in the 1970s of the VistA system, which would come to be widely recognized and frequently honored. Indeed, when VA was overhauled in the 1990s, VistA was the primary tool that enabled the success of new
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VA Finally Signs Off On $10B Cerner EHR Contract, Replacing VistA EHR
On Thursday evening, the Department of Veterans Affairs (VA) announced an agreement with Cerner for the VA to use off-the-shelf Cerner solutions, replacing the legacy VistA EHR. The migration to Cerner will provide veterans, transitioning service members and their care providers access to their medical history through a single electronic health record (EHR) system. The deal is expected to cost $10 billion dollars over 10 years years.Using technology that has been deployed successfully at
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