News 3/17/25

Top News

CareCloud reports nearly flat year-over-year Q4 revenue of $28.2 million, with annual revenue down slightly to $111 million. Co-CEO Stephen Snyder said during the company’s earnings call that CareCloud is focused on acquiring small to middle-sized medical billing companies to enhance its EHR and practice management offerings. It acquired Mesa Billing earlier this month.

Sponsored Events and Resources

Live Webinar: March 20 (Thursday) noon ET. “Enhancing Patient Experience: Digital Accessibility Legal Requirements in Healthcare.” Sponsor: TPGi. Presenters: Mark Miller, director of sales, TPGi; David Sloan, PhD, MSc, chief accessibility officer, TPGi; Kristina Launey, JD, labor and employment litigation and counseling partner, Seyfarth Shaw LLP. For patients with disabilities, inaccessible technology can mean the difference between timely, effective care and unmet healthcare needs. This could include accessible patient portals, telehealth services, and payment platforms. Despite a new presidential administration, requirements for Section 1557 of the Affordable Care Act (ACA) have not changed. While enforcement may unclear moving forward, healthcare organizations still have an obligation to their patients for digital accessibility. In our webinar session, TPGi’s accessibility experts and Seyfarth Shaw’s legal professionals will help you understand ACA Section 1557 requirements, its future under the Trump administration, and offer strategies to help you create inclusive experiences.

Live Webinar: March 27 (Thursday) noon ET. “How to Improve Clinical Workflows with AI Chart Summaries and Risk Predictions.” Sponsor: Health Data Analytics Institute. Presenters: Scott Cullen, MD, senior advisor, Health Data Analytics Institute; David Clain, chief product officer, Health Data Analytics Institute. Learn how the EHR-embedded HDAIAssist tool is transforming the ability of clinicians to pull insights out the mountains of data that have accumulated in the EHR, quickly, accurately, and cost-effectively. HDAlAssist, which is part of HealthVision, the intelligent health management system, combines AI chart summaries and granular risk predictions to quickly inform care planning decisions, especially for the most complex, high-risk patients.

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Acquisitions, Funding, Business, and Stock

Applied behavior analysis software vendor Motivity raises $27 million and announces new leadership. Smith Anderson (Five Elms Capital) joins the company as CEO, taking over from founder Rex Jakobovits, PhD who will become chief of strategy and innovation.

AdvocateMH, a startup offering behavioral health triage services, raises $6.2 million. CEO David Mou, MD, MBA was a former executive at Cerebral, an online mental healthcare company that has found itself in hot federal water over the last several years due to lax prescribing and security practices.

Announcements and Implementations

Women’s hybrid health clinic Tia implements Nabla’s ambient AI assistant.

Contentnea Health, an FQHC with five centers in North Carolina, selects EHR software from EClinicalWorks.

Other

Supporters launch a GoFundMe campaign to help pediatrician James Kratzer, MD relocate his practice. Kratzer, who has cared for patients in the Fresno, CA area for 40 years, was evicted from his former office space after falling behind on his bills – an unfortunate situation he has attributed in large part to an increasing number of denied claims: “I didn’t expect the situation to be as bad as it is now. Because of some miscommunication in our office, we got blindsided. And it felt horrible — it felt so horrible.”

Local businessman Frank Spizuoco looks to entice a provider to the rural town of Dexter, ME by offering free rent for a year on a medical building formerly occupied by Northern Light Health. Spizuoco, who is also offering a $1,000 finder’s fee, says he’ll leave the deal on the table through the summer in hopes of getting a new provider in to the area: “There are no small-time primary care doctors anymore. I just figured it was worth a shot to put something out there that, you know, no one else would really do,”

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News 3/12/25

Top News

Greenspace Health secures Series B funding from ABS Capital Partners. The company offers measurement-based care software for mental healthcare providers.

Sponsored Events and Resources

Live Webinar: March 20 (Thursday) noon ET. “Enhancing Patient Experience: Digital Accessibility Legal Requirements in Healthcare.” Sponsor: TPGi. Presenters: Mark Miller, director of sales, TPGi; David Sloan, PhD, MSc, chief accessibility officer, TPGi; Kristina Launey, JD, labor and employment litigation and counseling partner, Seyfarth Shaw LLP. For patients with disabilities, inaccessible technology can mean the difference between timely, effective care and unmet healthcare needs. This could include accessible patient portals, telehealth services, and payment platforms. Despite a new presidential administration, requirements for Section 1557 of the Affordable Care Act (ACA) have not changed. While enforcement may unclear moving forward, healthcare organizations still have an obligation to their patients for digital accessibility. In our webinar session, TPGi’s accessibility experts and Seyfarth Shaw’s legal professionals will help you understand ACA Section 1557 requirements, its future under the Trump administration, and offer strategies to help you create inclusive experiences.

Live Webinar: March 27 (Thursday) noon ET. “How to Improve Clinical Workflows with AI Chart Summaries and Risk Predictions.” Sponsor: Health Data Analytics Institute. Presenters: Scott Cullen, MD, senior advisor, Health Data Analytics Institute; David Clain, chief product officer, Health Data Analytics Institute. Learn how the EHR-embedded HDAIAssist tool is transforming the ability of clinicians to pull insights out the mountains of data that have accumulated in the EHR, quickly, accurately, and cost-effectively. HDAlAssist, which is part of HealthVision, the intelligent health management system, combines AI chart summaries and granular risk predictions to quickly inform care planning decisions, especially for the most complex, high-risk patients.

Contact Lorre to have your resource listed.

Acquisitions, Funding, Business, and Stock

Knack RCM acquires PPM Partners, an Alabama-based company that offers anesthesia billing and practice management services.

People

ReferWell names Kevin Healy (Chicago Pacific Founders) CEO.

Michelle Brown (Centric Consulting) joins Knack RCM as VP of transformation.

Announcements and Implementations

Relatient develops Dash Direct, a suite of open scheduling APIs that enables providers to open and automate scheduling functions across their existing digital patient access points.

Other

The Daily Yonder highlights several physicians who have come out of retirement to once again serve their rural communities, most of which are struggling to offer residents adequate healthcare access. Douglas DeLong, MD came out of full retirement at the age of 72 to work part-time at a practice in Cooperstown, NY: “I wanted to be a family physician because I didn’t know there was anything else. Also, I grew up in rural settings in Pennsylvania and Washington state – it was a lifestyle choice for me – today though, [rural practice] is a tougher sell. Now I work two or three days a week partly to provide access for patients and because I really enjoy being around these bright young people – but most of them are on their way somewhere else.”

Providers surveyed by Black Book Research rank Care Allies as the top-rated value-based care transformation and strategy advisory firm. Respondents also note that working with high-ranking VBC advisory firms has resulted in increases in financial performance, operational efficiency, and provider engagement and satisfaction; as well as a decrease in avoidable hospital readmissions.

Teladoc co-founder Michael Gorton releases “Tachyon Tunnel 2,” the sequel to his first science-fiction novel, which debuted in 2023.

Researchers in Australia develop Nostril Navigator technology for virtual health consults. Set to debut on April 1, the system “uses sensors that recognize a multitude of organic molecules and turns them into electrical signals, which are then transmitted via nasal spray directly into the doctor’s nostrils.” As the lead researcher tells it, “Smell can provide an awful lot of clinical information. And I do mean awful, sometimes.”

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Jenn, Mr. H, Lorre

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News 3/11/25

Top News

Eye care management vendor Lumata Health raises $23 million in Series B funding, bringing its total raised to $36 million since launching in 2017.

Sponsored Events and Resources

Live Webinar: March 20 (Thursday) noon ET. “Enhancing Patient Experience: Digital Accessibility Legal Requirements in Healthcare.” Sponsor: TPGi. Presenters: Mark Miller, director of sales, TPGi; David Sloan, PhD, MSc, chief accessibility officer, TPGi; Kristina Launey, JD, labor and employment litigation and counseling partner, Seyfarth Shaw LLP. For patients with disabilities, inaccessible technology can mean the difference between timely, effective care and unmet healthcare needs. This could include accessible patient portals, telehealth services, and payment platforms. Despite a new presidential administration, requirements for Section 1557 of the Affordable Care Act (ACA) have not changed. While enforcement may unclear moving forward, healthcare organizations still have an obligation to their patients for digital accessibility. In our webinar session, TPGi’s accessibility experts and Seyfarth Shaw’s legal professionals will help you understand ACA Section 1557 requirements, its future under the Trump administration, and offer strategies to help you create inclusive experiences.

Live Webinar: March 27 (Thursday) noon ET. “How to Improve Clinical Workflows with AI Chart Summaries and Risk Predictions.” Sponsor: Health Data Analytics Institute. Presenters: Scott Cullen, MD, senior advisor, Health Data Analytics Institute; David Clain, chief product officer, Health Data Analytics Institute. Learn how the EHR-embedded HDAIAssist tool is transforming the ability of clinicians to pull insights out the mountains of data that have accumulated in the EHR, quickly, accurately, and cost-effectively. HDAlAssist, which is part of HealthVision, the intelligent health management system, combines AI chart summaries and granular risk predictions to quickly inform care planning decisions, especially for the most complex, high-risk patients.

Contact Lorre to have your resource listed.

Acquisitions, Funding, Business, and Stock

Virtual sleep apnea diagnosis and treatment provider Gem Health raises $7 million in a Series A funding round led by LFE Capital and HealthTrend Capital.

Online vanity prescription delivery company Hims & Hers shuts down Apostrophe, an online dermatology business it acquired in 2021 for $190 million.

Virtual alcohol addiction treatment clinic Ria Health secures an undisclosed amount of funding from investors that include BPA Private Equity and SV Health Investors. The company, which works primarily with payers, has raised over $30 million since launching in 2016.

Announcements and Implementations

ModMed adds ambient listening, documentation, and billing code suggestion capabilities to its dermatology-focused EHR. ModMed Scribe has been trained on de-identified case notes from 500 million patient interactions.

Modern Sports Medicine & Wellness (PA) selects NeuralCure AI’s clinical decision support and treatment simulation technology.

Steindler Orthopedics will go live on Epic June 1 across its seven clinics in Iowa.

Other

The William N. Pennington Life Center begins offering a dedicated space for telehealth consults, making it the first such facility to offer virtual care to residents in rural Nevada.

The local news profiles The Menopause Clinic, a membership-based virtual practice launched earlier this year by husband-and-wife team Steven Youngblood, MD and Crystal Burke, FNP-C that offers menopausal care patients in Louisiana. The idea for the clinic was inspired by Burke’s experience with perimenopause: “When I started seeing multiple doctors for my symptoms, I had to take time off work. I had to wait in traffic, wait in a doctor’s office. That is our goal: accessibility and convenience.”

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Jenn, Mr. H, Lorre

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News 3/5/25

Top News

Tech-enabled pediatric primary care practice Bluebird Kids Health (FL) announces $31.5 million in new funding.

Launched by former Landmark Health CEO Chris Johnson in 2024, Bluebird has developed proprietary care management and coordination software that it uses to ensure patients can access care around the clock.

Webinars

Live Webinar: March 20 (Thursday) noon ET. “Enhancing Patient Experience: Digital Accessibility Legal Requirements in Healthcare.” Sponsor: TPGi. Presenters: Mark Miller, director of sales, TPGi; David Sloan, PhD, MSc, chief accessibility officer, TPGi; Kristina Launey, JD, labor and employment litigation and counseling partner, Seyfarth Shaw LLP. For patients with disabilities, inaccessible technology can mean the difference between timely, effective care and unmet healthcare needs. This could include accessible patient portals, telehealth services, and payment platforms. Despite a new presidential administration, requirements for Section 1557 of the Affordable Care Act (ACA) have not changed. While enforcement may unclear moving forward, healthcare organizations still have an obligation to their patients for digital accessibility. In our webinar session, TPGi’s accessibility experts and Seyfarth Shaw’s legal professionals will help you understand ACA Section 1557 requirements, its future under the Trump administration, and offer strategies to help you create inclusive experiences.

Live Webinar: March 27 (Thursday) noon ET. “How to Improve Clinical Workflows with AI Chart Summaries and Risk Predictions.” Sponsor: Health Data Analytics Institute. Presenter Scott Cullen, MD, senior advisor, Health Data Analytics Institute. Learn how the EHR-embedded HDAIAssist tool is transforming the ability of clinicians to pull insights out the mountains of data that have accumulated in the EHR, quickly, accurately, and cost-effectively. HDAlAssist, which is part of HealthVision, the intelligent health management system, combines AI chart summaries and granular risk predictions to quickly inform care planning decisions, especially for the most complex, high-risk patients.

Contact Lorre to have your resource listed.

Acquisitions, Funding, Business, and Stock

CVS Health’s Accountable Care business sells its Medicare Shared Savings Program unit to Wellvana and lays off 183 employees. Wellvana, which specializes in primary care network management, has raised $140 million since launching in 2018.

Walgreens inches closer to a take-private deal with Sycamore Partners, according to The Wall Street Journal. Sources say the $10 billion deal could come together as soon as tomorrow. Sycamore has said it will probably retain the company’s US-based retail pharmacy business, though it may sell or go public with other segments. The valuation of Walgreens has dropped from $100 billion 10 years ago to $8 billion as of late last year.

AI medical scribe startup Freed announces $30 million in Series A funding.

Announcements and Implementations

Azalea Health announces GA of Clinical Assistant, an AI-powered ambient charting and documentation tool built on technology from Suki; and Billing Assistant, an AI solution built to streamline claims management processes.

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News 3/3/25

Top News

Clearlake Capital acquires a majority stake in specialty-focused health IT vendor ModMed from Warburg Pincus in a deal that values the company at $5.3 billion.

Warburg Pincus first invested in ModMed eight years ago and considered selling its stake in 2022, the same year in which the vendor paid $45 million to settle a 2017 whistleblower lawsuit.

Sponsored Events and Resources

Live Webinar: March 4 (Tuesday) noon ET. “Securing a competitive edge in value-based care with AI: Data-driven strategies for enhancing returns across MA, ACO and Commercial programs.” Sponsors: Navina, AMGA. Presenters: Dana McCalley, MBA, VP of value-based care, Navina; Ron Rockwood, executive director of value-based care, Jefferson City Medical Group; Jonathan Meyers, CEO, Seldon Health Advisors. As value-based care models evolve, healthcare organizations must leverage AI to stay competitive and drive better financial and clinical outcomes. This webinar offers data-driven strategies for improving risk adjustment accuracy, optimizing risk stratification, and streamlining clinical and administrative workflows. You’ll walk away with proven techniques for measuring and quantifying the impact of your value-based care initiatives across your organization

Live Webinar: March 20 (Thursday) noon ET. “Enhancing Patient Experience: Digital Accessibility Legal Requirements in Healthcare.” Sponsor: TPGi. Presenters: Mark Miller, director of sales, TPGi; David Sloan, PhD, MSc, chief accessibility officer, TPGi; Kristina Launey, JD, labor and employment litigation and counseling partner, Seyfarth Shaw LLP. For patients with disabilities, inaccessible technology can mean the difference between timely, effective care and unmet healthcare needs. This could include accessible patient portals, telehealth services, and payment platforms. Despite a new presidential administration, requirements for Section 1557 of the Affordable Care Act (ACA) have not changed. While enforcement may unclear moving forward, healthcare organizations still have an obligation to their patients for digital accessibility. In our webinar session, TPGi’s accessibility experts and Seyfarth Shaw’s legal professionals will help you understand ACA Section 1557 requirements, its future under the Trump administration, and offer strategies to help you create inclusive experiences.

Contact Lorre to have your resource listed.

Acquisitions, Funding, Business, and Stock

Ambulatory health IT vendor CareCloud acquires MesaBilling as part of a renewed acquisition push.

Announcements and Implementations

First Choice Neurology will implement the AI-powered Healow Genie contact center solution from EClinicalWorks to improve patient access across its 63 locations in Florida.

Revella Health announces GA of Aria, new AI software that enables care-gap closure and risk adjustment in real time as a part of clinical workflows.

Western Lane Crisis Response (OR) and Crisis Alternative Response (CA) of Eureka select the InSync EHR from Qualifacts.

Other

This article looks at the precarious state of Vermont’s 11 FQHCs, which are running on a combined operating deficit of $8.5 million due in part to lower federal reimbursements, increased operating costs, and staffing shortages. To make ends meet, FQHCs like Community Health Centers forgo making repairs and purchasing new equipment and software, including an EHR that its staff are “desperate” for. Others have closed some locations or are looking into merging with other healthcare organizations.

Contacts

Jenn, Mr. H, Lorre

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