Health IT Business News – December 23, 2021

BIG News

Oracle Buys Cerner
Oracle Corporation (@oracle) and Cerner Corporation (@Cerner) jointly announced an agreement for Oracle to acquire Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.

Trending News

GenieMD Announces Meditek´s Adoption of CONTINUUM to Deliver Virtual Services across Central America.
Telehealth and Remote Patient Monitoring have become the new must have as part of your delivery of care offering – regardless of geography. GenieMD (@geniemd), provider of a HIPAA-compliant, cloud-based, virtual care services platform is proud to announce that Meditek through their Digital Health Solutions divisions, MD Link, has adopted CONTINUUM, as its virtual care offer – integrating the medical equipment and devices they already distribute.

CareCloud Launches All-New Interoperability and Data Exchange Solution for Healthcare Organizations
CareCloud, Inc. (@CareCloud), a company in healthcare technology solutions for medical practices and health systems nationwide has released CareCloud Connector, a next-generation interface and data management engine, and the first product within its CareCloud Conductor suite. CareCloud Connector enables healthcare organizations with ready-to-use integrations that improve data management and deployment speed, while offering better interface visibility and control.

Collaboration News

PreciseMDX and Freedom Medical Group Partner to Provide On-Site and Remote COVID-19 Testing
PreciseMDX, a company in transformative digital health experiences, and Freedom Medical Group, a proven national service and equipment supplier, announced a strategic partnership that will provide seamless on-site and remote testing for healthcare providers, employers and event organizers. Through this collaboration, PreciseMDX will provide the digital health platform for patients to easily track and access lab results while Freedom Medical Group provides the clinical staff for organizations and enterprises to facilitate testing.

Curebase Joins WCG Avoca Quality Consortium
Curebase (@CurebaseDCT), a company committed to democratizing access to clinical studies, announced it has joined the WCG Avoca Quality Consortium (AQC) a collaborative comprised of over 175 pharma, biotech, site, niche clinical service providers, and CRO organizations. In the AQC, Members participate in a progressive, pre-competitive environment with the shared objective of elevating clinical trial quality and bringing together key stakeholders into greater alignment.

Contract News

Midwest Cardiovascular Institute Partners with Objective Medical Systems to Improve Workflows and Enhance Care Delivery
Objective Medical Systems (@Omshealth), a Health Information Technology provider, announced the seamless implementation of their Cardiovascular Information System (EHR, Diagnostic structured reporting, Population Health Analytics, and Remote Patient Monitoring) by the Midwest Cardiovascular Institute (MCI).

Hospital IQ Expands Reach of Operational Excellence Technology with Siemens Healthineers
Hospital IQ (@HospitalIQ), a predictive hospital operations automation software provider, announced an agreement with Siemens Healthineers that is designed to enable large hospitals and health systems within the Siemens Healthineers network to deploy enterprise-wide intelligence using Hospital IQ’s software solutions.

Rimidi Adds Multiple FQHCs to Client Roster in 2021 Including Partnerships with Green River Medical Center and Northeast Valley Health Corporation
Rimidi (@Jointherimidi), a clinical management platform designed to optimize clinical workflows, announced expanded partnerships with multiple Federally Qualified Health Centers (FQHCs) nationwide, including Green River Medical Center and Northeast Valley Health Corporation (NEVHC), among others. The centers will leverage Rimidi’s FHIR-enabled Remote Patient Monitoring platform to better serve patients with chronic conditions, all while working within the existing clinical workflow.

Virtua Health Selects Kyruus’ Digital Platform to Simplify How Consumers Access Care Online
Kyruus (@kyruus), a company in provider search and scheduling solutions for health systems, announced that Virtua Health, a New Jersey-based not-for-profit health system, will utilize the company’s patient access platform to enhance how people find and book care on its website. Working with Kyruus to modernize its digital experience will help Virtua deepen its ongoing commitment to its communities by spotlighting its comprehensive healthcare services and simplifying access to its broad network of renowned providers.

Curebase Technology Key to metaMe Health’s FDA Clearance of Regulora
Curebase is pleased to have served as the technology partner for metaMe Health’s Regulora®, the first FDA-authorized treatment of any kind specifically for abdominal pain associated with irritable bowel syndrome (IBS) in adults. Digital therapies, like Regulora, are a rapidly expanding area of healthcare that require new a new approach to clinical research.

Financial News

Intelerad Achieves 70% Revenue Growth, More Than Doubles Customer Base in Past Twelve Months
Intelerad Medical Systems (@intelerad), a global company in medical image management solutions, announced that the company’s four acquisitions in 2021 and increased demand for its combined suite of solutions have led to its double-digit revenue growth and a 170% increase in its global customer base. This increase in demand is driven in part by changing provider needs as a result of the COVID pandemic, and as the necessity grows for innovative healthcare technology solutions that support healthcare organizations in further driving clinical efficiency and patient care.

Vim Marks 2021 as Year of Rapid Growth in Revenue, Customers, and Products
Vim (@getvim), a technology company building digital infrastructure for U.S. healthcare, announced landmark progress in 2021 business and strategic outcomes. In the past calendar year, the company’s active point-of-care user network and revenue each more than doubled, while engagement volume increased over 25 times across Vim’s data and workflow connections. Vim enters 2022 on track to deliver clinical content covering more than 75 million insured patient members to the point of care across a rapidly growing provider network footprint.

Edifecs Acquires Health Fidelity
Edifecs, Inc. (@Edifecs), a health information technology solutions company, announced that it has finalized its acquisition of Health Fidelity, a provider of risk adjustment solutions.

Equality Health Announces New Investment from Finback Investment Partners
Equality Health (@equalityhealth), a value-based care organization uniquely equipped to address the needs of diverse and historically underserved populations, announced an equity investment from Finback Investment Partners.

Product News

Rainbow Health Launches Technology Platform to Extend Services for Hospital-at-Home Programs
Rainbow Health announced an extension of its platform Rainbow Care™ to encompass increased features for providers and health systems that offer hospital-at-home programs. The extended services will offer superior care coordination via Rainbow Health’s platform and have been designed to address the logistical challenges that hospital-at-home programs are facing, while keeping an overall goal of supporting the operationalization and scalability of the programs.

Implicity Receives FDA Clearance for AI-Powered ECG Analyzer for Implantable Loop Recorders
Implicity (@ImplicityHealth) a company in remote patient monitoring and cardiac data management solutions, announced FDA clearance for a novel medical algorithm that analyzes ECG data from Implantable Loop Recorders (ILRs). The newly 510(k) cleared ILR ECG Analyzer is an algorithm based on artificial intelligence, representing a breakthrough innovation in the cardiology sector.

Making the Cut, Milestones, Accolades, Awards and More

Curebase Named to the 2021 CB Insights Digital Health 150 — List of Most Innovative Digital Health Startups
CB Insights named Curebase to its third annual Digital Health 150, which showcases the 150 most promising private digital health companies in the world. This year’s Digital Health 150 was unveiled live during CB Insights’ annual Future of Health event.

Cohere Health Named to the 2021 CB Insights Digital Health 150 List of Most Innovative Digital Health Startups
CB Insights named Cohere Health (@CohereHealth), creators of a digital healthcare collaboration platform that aligns patients, physicians, and health plans on evidence-based care plans, to the third annual Digital Health 150 list of the most promising private digital health companies in the world. This year’s Digital Health 150 was unveiled live during CB Insights’ annual Future of Health event earlier this week.

Biofourmis Wins Two 2021 Fierce Healthcare Innovation Awards for Hospital@Home Solution
Biofourmis (@biofourmis), a Boston-based company in digital therapeutics and virtual care that powers personalized predictive care, announced that its Hospital@Home solution has been named by Fierce Healthcare as the Digital/Mobile Health Solution Winner and Best in Show Winner for Cost Saving in the Fierce Healthcare Innovation Awards 2021.

eVisit Realizes Milestone Achievements in 2021, Including $45M Series B Funding
eVisit (@evisit), a care delivery platform for large health systems and hospitals, announced that the company achieved several significant milestones in 2021, including the closure of a $45 million Series B financing round and the addition of several new customers, most notably Concentra and MMM in Puerto Rico.

Greenway Health exceeds 21st Century Cures requirements to bring expanded Greenway Insights™ capabilities to clients
Greenway Health (@greenway), a health information technology services provider, announces powerful new data capabilities with Greenway Insights™ for its clients in conjunction with 21st Century Cures requirements established by the Office of the National Coordinator for Health Information Technology (ONC) and Centers for Medicare and Medicaid Services (CMS). Greenway Insights is a cloud-based, data services platform that creates new data insights and healthcare interventions to advance the breadth of Greenway’s products and services.

Qgiv Wins Two Globees® in the 13th Annual 2021 Golden Bridge Business and Innovation Awards
Qgiv, Inc., a Sphere Company (@SphereCommerce) and provider of nonprofit fundraising technology, announced that the Globee® Awards, organizers of the world’s premier business awards programs and business ranking lists, has named Qgiv a Gold winner for “Customer Service Department of the Year” and Bronze for “Best Technology to Combat and Reduce the Impact of COVID-19” in the 13th Annual 2021 Golden Bridge Business and Innovation Awards.