Health IT Business News, Financial Edition August 17, 2023

Trending News

Waystar Acquires HealthPay24, Accelerating Mission to Simplify Healthcare Payments
Waystar (@Waystar), a provider of healthcare payments technology, announced that it has acquired HealthPay24, an EngageSmart solution and a premier enterprise patient payment platform.

TeleVox Adds Wayfinding Solution to its Patient Engagement Platform
TeleVox, a provider of omnichannel digital patient engagement technology, has announced a new partnership with Gozio Health (@GozioHealth), a location aware digital health platform, to help patients find their way to medical appointments on time.

MRO Recognized on the 2023 Inc. 5000 Annual List for Ninth Consecutive Year
MRO Corp. (@MROCorp), a clinical data exchange company in healthcare, announced it made the Inc. 5000 annual list of fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—it’s independent, entrepreneurial businesses.

Mergers and Acquisitions

RapidAI Announces $75 Million Growth Investment Led By Vista Credit Partners
RapidAI (@rapidai), a global company developing Artificial Intelligence (AI) and technology workflow solutions to combat life-threatening neurovascular, cardiac and vascular diseases, announced $75 million in Series C funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data and technology markets.

Henry Schein to Acquire a Majority Interest in Shield Healthcare
Henry Schein, Inc. (@henryschein), a provider of health care solutions to office-based dental and medical practitioners, announced that it has signed an agreement to acquire a majority ownership position in Shield Healthcare, Inc., a supplier of homecare medical products delivered directly to patients in their homes.

Marathon Health Acquires Cerner Workforce Health Solutions Clinics
Marathon Health (@marathonhealth), a provider of direct primary care for employers, announced the acquisition of Cerner Workforce Health Solutions (WHS), a group of dedicated onsite and near-site health clinics.

Experity Acquires OnePACS, the Leader in Teleradiology PACS
Experity (@experityhealth), a national company in on-demand healthcare solutions, has acquired OnePACS, a SaaS PACS (Picture Archiving and Communication Systems) platform purpose-built for teleradiology.

Contract Announcements

Iowa Medicaid to Update Provider Management Capabilities Through Collaboration with HHS Technology Group and Noridian
HHS Technology Group, LLC™ (@hhstechgroup) announced that it has partnered with Noridian Healthcare Solutions, LLC (Noridian) and the Iowa Department of Health and Human Services to streamline the state’s Medicaid provider management system.

University Hospitals Selects Harris Data Integrity Solutions for UH Lake Health MPI Data Conversion
Harris Data Integrity Solutions, a provider of best-in-class patient data integrity services and software, has been engaged by University Hospitals (UH) to undertake a comprehensive cleanup of UH Lake Health’s Master Patient Index (MPI) in preparation for the facility’s migration to Epic.

A.I.M. Health Selects CareCloud to Enhance Patient Experience and Expand Reach
CareCloud, Inc. (@CareCloud), a company with healthcare technology solutions for medical practices and health systems nationwide, announced Alternative Integrative Medicine Alternative Integrative Medicine (A.I.M. Health), an ambulatory care facility in Rhode Island specializing in pain management through complementary and alternative medicine (CAM) care, has chosen CareCloud’s technology-enabled revenue cycle management.

San Diego Health Connect Selects 4medica to Reduce Duplicate Patient Records
4medica® (@4medica), a healthcare data quality company specializing in enterprise master person index (eMPI) matching technology and real-time interoperability, announced that San Diego Health Connect will deploy 4medica’s cloud-based Data Quality Platform to improve patient matching and health data quality.

Advancing Access and Equity for Orthopedic Patients in Connecticut
Force Therapeutics (@ForceTherEx), a musculoskeletal digital care management platform, announced a new collaboration with UConn Health, Connecticut’s only public academic medical center, to further enhance orthopedic care access and health equity for musculoskeletal patients.

Texas-based Gentiva Personal Care Selects HHAeXchange Enterprise Platform to Support its Homecare Agencies in Four U.S. Markets
HHAeXchange (@HHAeXchange), a provider of homecare management solutions for providers, managed care organizations (MCOs), and state Medicaid agencies, has announced a new partnership with personal care services provider Gentiva.

AVIA Adds Three Leading Academic and Community Health Systems to National Network
AVIA (@HealthAVIA), a national healthcare digital transformation partner, has announced that three health systems – RUSH, MUSC Health, and United Regional Health Care System – have joined its already robust network of more than 55 health systems.

Happy Kids Pediatrics/Feliz Care Centers Continue Long-Time Partnership with Equality Health Network for Value-Based Care Success
Equality Health (@equalityhealth), a company in value-based care, announced that Happy Kids Pediatrics and Feliz Care Centers, a 23-year-old independent pediatric practice and associated family practice serving the greater Maricopa County, AZ region, has renewed its partnership and signed a five-year contract with Equality Health Network.

Health Plan Alliance Selects 1upHealth as Preferred Health Data Interoperability Partner
The Health Plan Alliance (@HlthPlnAlliance), announced it selected 1upHealth, a provider of a Fast Healthcare Interoperability Resources (FHIR®) native platform for claims and clinical data acquisition, exchange, and analysis, as its preferred vendor for interoperability solutions and services.

Making the Cut, Milestones, Accolades, Awards and More

Vālenz® Health Ranks No. 3646 Among America’s Fastest-Growing Private Companies
Inc. revealed that Vālenz® Health ranked again as one of the fastest-growing private companies in America: No. 3646 on the 2023 Inc. 5000, and No. 215 among health services companies.

Reveleer Recognized by Inc. 5000 as One of America’s Fastest-Growing Companies
Reveleer (@reveleer), a healthcare technology workflow, data, and analytics company committed to advancing sustainable value-based care for health plans and risk-bearing providers, announced it has earned recognition on the 2023 Inc. 5000 list of the fastest-growing privately held companies in the United States.

TimelyCare Ranks No. 175 on the 2023 Inc. 5000 List
TimelyCare (@timely_care), higher education’s most trusted virtual health and well-being provider, stands among America’s fastest-growing private companies – and first in Fort Worth – for a second year in a row.

Business Announcements

Equality Health Brings “Medicaid First” Value-Based Care Model to Louisiana
Equality Health (@equalityhealth), a national comapny in value-based care, announced its latest expansion into the state of Louisiana with an initial focus on the 17 counties surrounding Baton Rouge and New Orleans-Metairie.

Luna Announces Luna Labs, a New Artificial Intelligence (AI) Division Working on Enhancing Care Delivery
Luna (@getlunacare), a provider of in-home, in-person physical therapy, has unveiled Luna Labs, a dedicated Artificial Intelligence (AI) division to enhance patient care. The founding 5 person engineering group will be organized under co-founder, Chief Technology Officer, and former Uber engineer Ryan Gaffney.