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May 1, 2024 News No Comments

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Trovo Health, which offers AI-powered assistants for specialty practices, raises $15 million in a seed funding round.

Co-founders Niren Gandra, MD and Aditya Pandyaram both spent time as executives at patient billing and engagement software vendor Cedar before launching New York City-based Tovo earlier this year.


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Acquisitions, Funding, Business, and Stock

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CVS Health shares drop after the company releases disappointing Q1 results. Its revenue of $88.4 billion represents a 3.7% increase over last year. Revenues of its health services segment, which includes in-home, in-clinic, and virtual care; pharmacy benefit management; and provider enablement solutions; decreased nearly 10%.

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Value-based care and physician practice enablement company Aledade acquires Medical Advantage, a subsidiary of The Doctor’s Company that provides value-based healthcare consulting to practices in Michigan. Medical Advantage President Paul MacLellan will become president of Aledade’s Michigan market.

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Health IT vendor Engage Technologies Group and aesthetics-focused APX Platform merge to form Clarity Technologies.


People

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Robert Bessler, MD (Sound Physicians) joins Honest Medical Group as CEO.


Announcements and Implementations

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Brownfield Regional Medical Center (TX) implements AI medical scribe capabilities from Sunoh.ai.

Well Health Technologies selects Azure cloud and Azure OpenAI software from Microsoft.

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American Medical Administrators will implement EHR, RCM, and patient engagement software from EClinicalWorks across its network of affiliated practices in six states.


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  • AdvancedMD welcomes new integration partners Jopari Solutions, TriumpHealth, DMEconnected, and EirSystems.

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