News 7/10/24

Top News

Remote patient monitoring and chronic care management company Accuhealth acquires competitor Signallamp Health. An investment from Sunstone Partners helped to fund the deal.

Webinars

July 18 (Thursday) noon ET. “New CMS Final Rule: Strategies to Get EHR and IT Vendors Up to Speed.” Sponsor: DrFirst. Presenters: Nick Barger, PharmD, VP of product, DrFirst; Tyler Higgins, senior director of product management, DrFirst. The new final rule that was issued by CMS on June 13, 2024, goes beyond a basic upgrade of SCRIPT standards and improves care connections among doctors, pharmacies, and patients. The presenters will lead EHR and IT vendors through the final rule, provide details on key provisions and compliance deadlines, offer tactics to tackle roadmap development, and provide direction on where and how partners can best leverage the requirements for the benefit of their customers.

Previous webinars are on our YouTube channel. Contact Lorre to present or promote your own.

Acquisitions, Funding, Business, and Stock

UberDoc secures an undisclosed amount of funding from ambulatory health IT vendor CharmHealth and health IT venture firm Bioverge. UberDoc offers direct-pay patients online appointment scheduling with its network of physicians.

RCM outsourcing vendor TharWorx rebrands to Optimize RCM. The company, which has offices in Pennsylvania and India, plans to open a call center in the Philippines next year.

Private equity firm FFL Partners acquires health IT, cybersecurity, and compliance company Medicus IT from 424 Capital. Medicus acquired BlueNovo, a health IT consulting company focused on community health centers, three months ago.

People

Agilon Health promotes Karthik Rao, MD to CMO.

Announcements and Implementations

ACO management company Next Healthcare Solutions selects The Garage’s Bridge population health management software.

Other

Heads up, philatelists: The United States Postal Service will soon offer a commemorative Thank You Healthcare Community stamp.

Community Health Net, an FQHC serving the Lake Erie region in Pennsylvania, will launch a new telemedicine program that will bring virtual care services to homeless patients via stops at community centers and homeless shelters.

Contacts

Jenn, Mr. H, Lorre

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News 7/8/24

Top News

HarmonyCares, an in-home provider of primary care to Medicare patients in 15 states, raises $200 million. The company will use the new funding to expand into new markets, improve its EHR, and develop new technology.

Webinars

None scheduled soon. Previous webinars are on our YouTube channel. Contact Lorre to present or promote your own.

People

ChenMed Executive Chairman Chris Chen, MD reportedly takes on the CEO title once again, following the departure of Steve Nelson after six months in the role. Fun fact: Walmart expressed interest in acquiring ChenMed last year in what would have been a multi-billion dollar deal.

Announcements and Implementations

Ohio Behavioral Health Providers Network will leverage technology and services provided through Alera Health’s Onecare Network model to better integrate its offerings with local primary care providers.

Qualifacts adds Computalogic’s MethodOne controlled medication dispensing solution to its EHR for behavioral health.

Other

Amazon’s One Medical primary care company comes under fire after the Washington Post discovers that certain call center employees were in mid-February scheduling a spate of patients with “red flag” symptoms for appointments, sometimes days out, rather than immediately connecting them with a virtual healthcare provider (or, presumably, suggesting they call 911 or go straight to the nearest emergency room).

CentroMed restores its computer systems, including its NextGen EHR and patient portal, after a ransomware attack forced them offline May 1. The provider operates a chain of 25 federally funded clinics in and around San Antonio.

Sponsor Updates

• Nordic releases a new “Designing for Health” podcast, “Interview with Jeff Mounzer, PhD, and Peter Kriss, PhD.”
• Waystar will exhibit at the EClinicalWorks Denver Day Show July 10.

Blog Posts

• Nurses of Note 2024: The Clinical Nurse Educator (PerfectServe)

Contacts

Jenn, Mr. H, Lorre

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News 7/3/24

Top News

Walmart is reportedly shopping its Walmart Health clinics to potential buyers that include health insurance companies like Humana.

The retail giant opened its first clinic in 2019 and then grew the business to 51 facilities, all of which shut down June 28.

(My last appointment at their flagship location was in early June. It was bittersweet in that I had to bid my favorite clinician goodbye and best of luck with her next endeavor. She said staff had about as much warning as the general public. And while reimbursement challenges and rising costs no doubt played their part in Walmart’s about-face, I got the feeling while chatting with her that the retail side of the business just really didn’t know what they were in for.)

Webinars

None scheduled soon. Previous webinars are on our YouTube channel. Contact Lorre to present or promote your own.

Acquisitions, Funding, Business, and Stock

Canadian health IT vendor Healwell AI wraps up its $20 million acquisition of interoperability-focused VeroSource Solutions.

Florida-based primary care company Cano Health emerges from Chapter 11 bankruptcy having shaved off $270 million in costs through selling off medical center assets and exiting underperforming markets. Once valued at $3 billion, the company’s existing investors have committed $200 million in go-forward capital.

CPS Capital will acquire Toronto-based CloudMD Software & Services in a take-private deal valued at $36 million.

Announcements and Implementations

Greenway Health selects software from InstaMed to power its new patient payment processing capabilities.

Other

Equalize RCM notifies Georgia Perinatal Consultants patients of a June 2023 ransomware attack that may have compromised their PHI.

Sponsor Updates

• AdvancedMD launches new automation and payment capabilities to help private practices increase productivity and drive more revenue. 

Blog Posts

• Enhancing Healthcare Practices Through Effective Benefit Verification (AdvancedMD)
• Optimizing RCM for Growth Today and Tomorrow (EClinicalWorks)

Contacts

Jenn, Mr. H, Lorre

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News 7/1/24

Top News

Care enablement technology company Fabric acquires virtual care service provider MeMD from the now shuttered Walmart Health.

MeMD was founded in 2010 and acquired by Walmart Health in 2021, upon which it was renamed Walmart Health Virtual Care. Fabric will incorporate MeMD’s services into its virtual care offerings for employers and payers.

It acquired virtual healthcare assistant startup Gyant and announced a $60 million Series A funding round earlier this year.

Webinars

None scheduled soon. Previous webinars are on our YouTube channel. Contact Lorre to present or promote your own.

Acquisitions, Funding, Business, and Stock

Prescribe Fit raises $4.8 million in Series A funding. The company offers remote monitoring, health coaching, and virtual care programs for orthopedic patients. Prescribe Fit investors include Matt Scantland, founder of AndHealth and CoverMyMeds.

People

ModMed names Dan Costantino (Horizon Blue Cross Blue Shield of New Jersey) CISO.

Announcements and Implementations

Medical billing vendor Medcare MSO announces GA of its new Maximus web-based practice management software.

Grocery store chain Publix begins offering asynchronous virtual care from WellSync through its pharmacies.

Sponsor Updates

• Waystar takes Black Book’s top spot for end-to-end revenue RCM solutions for health systems.
• AdvancedMD announces a new integration partnership with Mental Health Technologies.

Blog Posts

• The rise of inboxologists in healthcare: Does it really matter who responds? (Nordic)

Contacts

Jenn, Mr. H, Lorre

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News 6/26/24

Top News

AI-enabled RCM vendor Adonis raises $31 million in a Series B funding round, bringing its total raised to $54 million.

Webinars

June 27 (Thursday) noon ET. “Snackable Summer Series, Session 1: The Intelligent Health Record.” Sponsor: Health Data Analytics Institute. This webinar will describe how HealthVision, HDAI’s Intelligent Health Management System, is transforming care across health systems and value-based care organizations. This 30-minute session will answer the question: what if you could see critical information from hundreds of EHR pages in a one-page patient chart and risk summary that serves the entire care team? We will tour the Spotlight, an easy-to-digest health profile and risk prediction tool. Session 2 will describe HDAI’s Intelligent Analytics solution, while Session 3 will tour HDAI’s Intelligent Workflow solution.

Previous webinars are on our YouTube channel. Contact Lorre to present or promote your own.

Acquisitions, Funding, Business, and Stock

Online medical weight loss clinic Form Health raises $38 million in a Series B funding round, bringing its total raised to $65 million.

People

Michael DeVries (Blue Lantern Health) joins Copilot Provider Support Services as CFO.

Announcements and Implementations

Weave announces GA of enterprise practice operations software encompassing communications, payments, and management capabilities for multiple locations.

US Eye selects revenue cycle and practice management analytics from WhiteSpace Health.

TeleVox announces GA of the TeleVox Website Solution, which includes website-building, virtual assistant, and patient relationship management capabilities.

Imperial Beach Community Clinic (CA) implements Sunoh.ai’s AI-powered medical scribe software across its 31 locations.

Contacts

Jenn, Mr. H, Lorre

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