Front-office practice management startup Third Way Health raises $1.55 million in pre-seed funding, which it will use to launch US operations via pilots with practices in California and New York.
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Acquisitions, Funding, Business, and Stock
In response to pressure from former board members, Cano Health separates the roles of chairman and CEO, both held most recently by Marlow Hernandez, DO. Director Solomon Trujillo has been named chairman, allowing Hernandez to focus solely on the role of chief executive. The company notified shareholders of the role split in a letter that outlined its plans to improve operations, which may include selling off certain assets.
Announcements and Implementations
Choice Medical Group (CA) will use analytics from Decision Point to improve patient engagement.
The Collaborative for Children and Families in New York will implement EHR and care coordination software from Foothold Technology.
Next Level Medical leverages RevSpring’s patient engagement and payment technologies across its urgent care and employee wellness clinics in Texas.
Direct primary care company Hint Health selects Eden Health to power its fully virtual care service for employers and health plans.
Government and Politics
Online vision test company Visiblly, formerly known as Opternative, will pay $500,000 to the FDA to settle allegations that it misrepresented customer satisfaction rates and satisfaction guarantees, marketed its tests without the required clearance or approval, and claimed that its tests were as accurate as in-person exams. Visibly gained the necessary FDA approvals last August while the investigation was underway.
Research and Innovation
A small survey of practices that use medical chatbots on their websites finds that 77% believe AI-powered chatbots will be able to effectively treat patients within the next decade. The most common chatbot uses among those surveyed include Scheduling appointments, requesting medication refills, and providing requested information. Over half of practices that use chatbots for scheduling save an hour of administrative work each week.
New Surescripts data shows that almost half of all counties in the US are experiencing a shortage of primary care physicians. Sixty-one percent of those counties are home to retail pharmacies that could be tapped to fill in the healthcare gap.
The Florida Association of ACOs develops an accelerator program to connect startups with mentors and investors, ACOs, and value-based care organizations.
Oncologist, assistant medical school professor, and singing comedian Stuart Bloom, MD brings “How to Avoid Burnout in 73 Minutes: A Musically Invasive Musical Procedure” to the stage in Minneapolis. Three of the five performances have already sold out.
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