Health IT Business News – February 18, 2021

Collaboration News

Parent Project Muscular Dystrophy’s Duchenne Registry Participant Response Rate Increases Exponentially in 2020 Utilizing THREAD
THREAD (@THREADresearch), a technology and service provider that enables decentralized clinical research, and Parent Project Muscular Dystrophy (PPMD), a nonprofit organization leading the fight to end Duchenne muscular dystrophy (Duchenne), announced impressive results from year one of The Duchenne Registry Mobile App. The mobile app, which is supported by THREAD’s decentralized platform with capabilities such as eConsent, eCOA, surveys and decentralized research tools, has empowered the patient advocacy organization.

THREAD and 1nHealth Partner to Optimize Participant Recruitment in Decentralized Clinical Trials
THREAD (@THREADresearch), a technology and service provider that enables decentralized clinical trials (DCTs), and 1nHealth, a digital technology company that works with study sponsors to optimize patient recruitment, announced a new strategic partnership to enhance recruitment and retention outcomes in DCTs. This unique partnership integrates THREAD’s globally leveraged DCT platform with 1nHealth’s global digital recruitment solution to provide research organizations a differentiated approach to implementing scalable, best-practice digital recruitment for DCTs. The platforms work together to reduce startup timelines, increase enrollment effectiveness and ensure participant satisfaction.

Product News

Cotiviti Achieves Qualified Entity Certification Status, Granting Access to Most Comprehensive Medicare Data Sets for Improving Healthcare Cost and Quality
Cotiviti (@Cotiviti), a provider of data-driven healthcare solutions, has achieved national Qualified Entity (QE) status through the Centers for Medicare & Medicaid Services (CMS) Qualified Entity Certification Program (QECP). As a certified QECP member, Cotiviti has been granted access to the most comprehensive and up-to-date normalized Medicare population dataset to study provider performance as well as patient risk. The addition of the QE data to Cotiviti’s Network Intelligence and DxCG Intelligence solutions, as well as its Caspian Clarity dataset representing approximately 40 percent of all covered Americans, increases the volume of Medicare data to which Cotiviti has access by 38 million lives.

Financial News

emids Acquires Canadian Design-Led Software Engineering Firm Macadamian
emids (@emids), a provider of digital engineering and transformation solutions to the healthcare and life sciences industry, announced another step in its purposeful growth strategy, this time adding global design-led software engineering capabilities through the acquisition of Macadamian, one of the largest and most respected healthcare specialist firms of its kind in the world.

Kyruus Announces Significant Core Business Momentum in 2020 as it Accelerates Expansion into the Health Plan Market with Recent Acquisition
Kyruus (@kyruus), a company offering provider search and scheduling solutions for health systems, announced results from a transformative year in which it completed a $72 million capital investment round and added Francisco Partners as a new investor.

MobileSmith Health Announces Completion of Debt Elimination
MobileSmith Health (@TheMobileSmith), a provider in the digital health and mobile development sector who is changing traditional healthcare patient engagement and adherence management, announced the completion of debt exchange transactions.

Zyter Acquires Care Management Technology Leader Casenet, LLC
Zyter, Inc. (@zyterofficial), a digital health product company, confirmed that it has acquired Casenet® LLC, a provider of population health products, from Centene Corporation (@Centene). Zyter, a privately-held corporation, did not disclose financial details of the transaction.

PatientBond Announces New CEO and Series C Round of Funding
PatientBond (@patientbond) is excited to announce two major milestones in its consistent growth and success. In a press release dated February 4, 2021, Justin Dearborn has been named as Chief Executive Officer while the Company closed its Series C financing.

Central Logic Saw Record-Breaking Growth, Awareness and Momentum in 2020 as Health Systems Increase Focus on ‘Operating as One’
Despite a global pandemic and massive economic disruption, Central Logic (@CentralLogic), a healthcare access and orchestration company, concluded 2020 with record-breaking, triple-digit sales growth and client acquisition in a year when operating as one system of care to unite processes, resources and information became more important than ever before.

MobileSmith Health Announces Completion of Debt Elimination
MobileSmith Health (@TheMobileSmith), a leader in the digital health and mobile development sector who is changing traditional healthcare patient engagement and adherence management, announced the completion of debt exchange transactions. Pursuant to the transactions, MobileSmith Health eliminated all its $53 million of non-bank debt, in exchange for equity. The debt exchange is another key accomplishment for the company, as it decreases ongoing expenses, enabling an increase in resources and focus on growth and client success.

Contract News:

Concentra, the Nation’s Leading Provider of Occupational Health, Selects the eVisit Virtual Care Platform
The nation’s leader in occupational healthcare and telemedicine, Concentra, has selected the eVisit (@evisit) Virtual Care platform to power its Concentra Telemed service offering. First launched in June 2017, Concentra Telemed brought another option to provide critical access to care for employers and their injured and ill employees nationwide.

Gray Matter Analytics Expands Client Engagements, Analytics Solutions in Productive 2020
Gray Matter Analytics (@GrayMatterData), a company in healthcare Analytics as a Service (AaaS), announced it capped off a challenging but successful 2020 by signing 12 new engagements with existing and new customers and adding several advanced analytics solutions to its product suite.

Experity Tapped by CityMD to Optimize Operations and Truncate Patient Wait Times
Experity (@experityhealth) announced it was selected by CityMD to help shorten wait times and improve the overall patient experience at the leading urgent care provider in the New York metropolitan area. CityMD has implemented Experity’s virtual line system at each of its 137 locations for patients requesting COVID-19 diagnostic testing. As demand for testing has remained high through the fall and winter months, Experity’s suite of patient engagement solutions has empowered CityMD urgent care centers with virtual registration capability, automated appointment notifications and text communication that streamline operations and increase patient throughput.

Making the Cut:

Lyniate Earns Top KLAS Placements in Integration Engine Segment
Lyniate (@lyniate), a healthcare data interoperability company, announced two of its solutions placed in the top three of the 2021 Best in KLAS®: Software & Services report. The company’s Corepoint solution earned the Best in KLAS® Integration Engine award for the 12th consecutive year, and the Rhapsody solution ranked third in the same segment.

Arcadia Earns Best In KLAS Award For Value-Based Care Managed Services For Third Consecutive Year
Arcadia (@ArcadiaHealthIT), a population health management and health intelligence platform, announced that it has been awarded the 2021 Best in KLAS designation for Value-Based Care Managed Services with a score of 91.9.

Capsule CEO Hemant Goel Earns CHIME’s Healthcare Hero Distinction
Capsule Technologies (@capsule_tech) announced that The College of Healthcare Information Management Executives (CHIME) has named Capsule CEO Hemant Goel a CHIME Healthcare Hero for outstanding service during the COVID-19 pandemic. The honor is given to a member of CHIME or a CHIME Foundation firm, based on a nomination from a peer.

HMS Ranked Best in KLAS for Care Management Solutions (Payer) Second Year in a Row
HMS Holdings Corp. (@hmshealthcare), a provider of payment accuracy and population health management solutions, announced that the company was awarded the 2021 Best in KLAS designation for Care Management Solutions (Payer). This marks the second year in a row that HMS’ care management solution Essette was included in the Best in KLAS: Software & Services Report, which is based on thousands of verified customer interviews conducted by analysts at KLAS Research over a 12-month period.