Health IT Business News, Financial Edition April 4, 2024

Trending News

GenieMD Awarded Frost & Sullivan’s 2024 Company of the Year Award for Pioneering Virtual Chronic Disease Management Solutions Through Its Unified Virtual Care Platform
Frost & Sullivan recently researched the North American virtual chronic disease management industry and, based on its findings, recognizes GenieMD with the 2024 Company of the Year Award.

Waystar announces the extension of the Accelerated Implementation Program
Waystar Technologies, Inc., a provider of healthcare payment technology, announced that its Accelerated Implementation Program (the “Program”) will be extended through April as the industry continues to navigate the impacts of the February 21st cybersecurity attack.

Halton Healthcare Launches Innovative App for Hip and Knee Surgery Patients
Halton Healthcare proudly announced a new partnership with Toronto-based company, SeamlessMD. SeamlessMD is a digital care journey platform that helps patients prepare for and recover from surgery. The technology allows clinicians at the hospital to review and communicate with patients during recovery at home, ensuring timely intervention and enhanced patient support. Use of the app has resulted in better patient experiences and outcomes and has allowed Halton Healthcare to increase the number of same day surgeries offered.

NextGen Healthcare Leads Movement to Help Health Centers Navigate UDS+ Reporting Requirements
NextGen Healthcare, a provider of innovative healthcare technology solutions, announced that it is at the forefront of supporting Federally Qualified Health Centers (FQHCs) and Community Health Centers (CHCs) across the nation as reporting requirements from the Health Resources & Services Administration (HRSA) evolve.

MRO Named Top Workplaces for Third Year in a Row
MRO Corp, a clinical data exchange company in healthcare, announced it has earned the 2024 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces.

Brillio Certified Again as a Great Place to Work®
Brillio, one of the fastest growing digital technology service providers, has been Great Place To Work® Certified™ in India, Romania, and the UK for 2024-25.

Zscaler is recognized for being an early SSE innovator that “puts SSE to work for Zero Trust”
Zscaler, Inc., a provider of cloud security, announced that it was named a Leader in the first-ever Forrester Wave™ Security Service Edge Solutions for Q1 2024.

SES Notify Fast-Tracks Delivery of Retina Labs’ Diabetic Retinopathy Diagnosis to Close Care Gaps and Reduce the $500M in Healthcare Spend
Secure Exchange Solutions (SES), a Centauri Health Solutions company, and provider of interoperable, cloud-based clinical exchange and data insight technology, announced that Retina Labs, a leader in diabetic eye disease and preventative health screening, selected SES to support their in-home diabetes testing for diabetic retinopathy and other ocular and diabetes-related diseases.

Mergers and Acquisitions

Sagility Acquires BirchAI, a GenAI Company in the Healthcare Space
Sagility LLC, a technology-enabled services provider in the healthcare services space, announced its acquisition of Seattle-based BirchAI. BirchAI is a healthcare technology company offering cloud-based, GenAI call technology built by experts in transformer-based natural language processing.

SnapCare Expands Healthcare Portfolio with Strategic Acquisition of Medecipher
SnapCare, a healthcare workforce solutions provider, has acquired Medecipher, Inc., a cloud-based predictive analytics staffing decision support tool, to further deliver facility control, low-cost, and transparent solutions across the continuum of care.

Contract Announcements

Samaritan Health Services Partners with KeyCare to Offer 24×7 Virtual Care via Epic-based Platform
KeyCare, the nation’s first Epic-based virtual care company, announced that it has partnered with Samaritan Health Services to provide 24×7, national virtual urgent care services to their patients.

LucidHealth Signs Partnership with Quinsite
LucidHealth, a provider of radiology services, is pleased to announce its partnership with Quinsite a renowned integrated analytics provider.

ANPD readies tomorrow’s nursing professional development leaders with Wolters Kluwer EBP workflow solution
Wolters Kluwer Health announced that the Association for Nursing Professional Development (ANPD) has selected Ovid® Synthesis to help support evidence-based practice (EBP), quality improvement (QI), and research for two key programs.

Humana Announces Strategic Partnership with Veda to Improve Accuracy of Provider Directories
Humana announced a strategic partnership with Veda, a health technology company specializing in helping healthcare companies solve complex provider data challenges.

Venture Capitol and Funding

PocketHealth Raises $33M USD in Series B Funding to Transform Medical Image Exchange and Patient Experience
PocketHealth, a provider of patient-centric medical image exchange, announced it has raised $33 million USD ($45 million CAD) in Series B funding.

Brightside Health Raises Strategic Series C, Welcomes Trip Hofer to Board of Directors
Telemental health company Brightside Health announced a strategic Series C raise led by S32, as well as the appointment of industry titan Trip Hofer to the Board of Directors to advise on go-to-market strategy and execution.

Tennr puts fax machines back in vogue for healthcare organizations using AI, as it secures $18m from a16z
Fax machines are older than telephones and the internet. Despite being a legacy technology, the healthcare industry still sends 9 billion faxes a year because they are more reliable than telephone calls and emails. While most startups have been trying to digitize faxes out of existence, Tennr has raised $18M to bridge healthcare’s problems in an unconventional way: working with, not against, the fax machine.

Miach Orthopaedics Raises $20 Million in Series B Extension
Miach Orthopaedics, Inc., a company transforming the treatment of anterior cruciate ligament (ACL) tears from reconstruction to restoration with the Bridge-Enhanced ACL Restoration (BEAR®) Implant, announced closing of a $20 million Series B extension financing round.

Tuned Secures $3.2M Seed Extension to Scale Hearing Health Benefits for Modern Workforce
Tuned, a digital hearing health company providing preventive and comprehensive hearing health for employers, announced it secured an oversubscribed $3.2 million seed extension led by Unum Group, with participation from Distributed Ventures.

Making the Cut, Milestones, Accolades, Awards and More

Clarify Health Recognized as a Leader in G2’s Healthcare Analytics Software Category
For the second time in six months, G2 has recognized Clarify Health, a healthcare data analytics platform company, as a Leader in G2’s Healthcare Analytics Software category based on Clarify’s high customer satisfaction and substantial market presence scores.

Aspirion Wins Coveted Best in KLAS Denials Management Award
Aspirion, a technology-enabled healthcare revenue cycle management provider for revenue integrity and complex claims, was selected as Best in KLAS in Denials Management.