Health IT Business News, Financial Edition – February 16, 2023

Trending News

Medicomp Systems is a 2023 Gartner Marketing and Communications Awards Finalist
Now in its 13th year, the Gartner Marketing and Communications Awards are a global, annual recognition program to recognize leading Marketing and Communications professionals and initiatives that have achieved real, measurable business outcomes. Medicomp Systems (@MedicompSys), sponsor of Healthcare NOW Radio’s podcast Tell Me Where IT Hurts, is a finalist in the Small Idea, Big Impact category. The entry was: Medicomp Systems Successfully Elevates its Industry Profile with Podcast Launch and winners will be announced May 24-26.

First Health Advisory’s 2022 Annual Report
As we turn the page on 2022, we take a moment to pause, celebrate, and look forward. In the spirit of reflection, First Health Advisory is releasing its 2022 Annual Report and a message from our CEO, Carter Groome.

NextGen Healthcare Named Forbes Best Midsize Employer for Second Consecutive Year
NextGen Healthcare, Inc. (@nextgen), a provider of cloud-based healthcare technology solutions, announced it has been named to Forbes’ list of America’s Best Midsize Employers 2023. The company ranked in the Top 500 of all midsize companies.

Mergers and Acquisitions

DrFirst Acquires Diagnotes Secure Messaging and Care Coordination Platform
Healthcare technology pioneer DrFirst (@DrFirst) announced it has acquired select assets of Indianapolis-based Diagnotes. The acquisition will allow Backline by DrFirst to expand its capabilities to break through communication silos in healthcare at each stage of the patient care journey, promote positive patient outcomes, and enhance satisfaction for staff and patients.

Contract Announcements

Beacon Health System to Leverage Biofourmis Solution for Post-Discharge Remote Patient Monitoring Program to Reduce Readmissions and Optimize Outcomes Across Complex Chronic Conditions
Biofourmis (@biofourmis), a global technology-enabled care delivery provider, announced an agreement with Beacon Health System in South Bend, Ind., for a multi-hospital post-discharge remote patient monitoring (RPM) program for complex chronic conditions to reduce readmissions, expand care access across the region, and improve clinical outcomes.

WellSpan Health Selects Epic-based KeyCare Platform for 24 X 7 Virtual Care
KeyCare, the nation’s only Epic-based virtual care platform, announced that WellSpan Health is the latest health system to partner with KeyCare to provide patients a high-quality virtual care experience with licensed providers.

TimelyMD Partners with Violet to Advance Health Equity for College Students
TimelyMD (@TimelyMD), the virtual health and well-being solution in higher education, announced that it has partnered with Violet, the first health equity platform, to upskill cultural competence and deliver identity-centered care coordination, and to ultimately impact and close disparity gaps for diverse students across the country.

Norman Regional Health System Partners with VisiQuate for Data-driven approach to Revenue Cycle Management
VisiQuate Inc. (@VisiQuate), a provider of advanced analytics, intelligent workflow, results-driven services and AI-powered automation offerings to healthcare providers, announced that Norman Regional Health System has finalized a multi-year agreement with the company to embrace data and advanced analytics as a key driver of daily operations.

Intermountain Health Selects Qualtrics to Help Advance Patient, Consumer and Employee Experience Management
Intermountain Health has chosen Qualtrics (@Qualtrics), the leader and creator of the experience management category, to create world-class experiences for its patients, caregivers and all populations who interact with and consume Intermountain’s services by helping improve how it listens, understands and acts on experience data.

Luna to Deliver At-Home Physical Therapy for AARP Members
Luna (@getlunacare), a provider of in-home physical therapy, announced that it has been chosen as the exclusive provider of at-home physical therapy for AARP members.

Insightin Health Works with University of Pittsburgh to Solve Barriers to Healthcare
Insightin Health (@insightinhealth), provider of data-driven decision-making technology for health insurance plans, partnered with the University of Pittsburgh (Pitt) for the third year to provide a group of students from the Swanson School of Engineering an opportunity to complete a capstone project alongside their data science team.

Mary Washington Healthcare Partners with Caregility to Pioneer Inpatient Virtual Engagement and Virtual Nursing
Caregility (@caregility), an enterprise telehealth leader dedicated to connecting care for patients and clinicians everywhere, is pleased to announce Mary Washington Healthcare as one of the first organizations to implement its new Inpatient Virtual Engagement (IVE) solution at Stafford Hospital.


ShiftMed Raises $200M to Drive Expansion of Leading Digital Health Care Labor Marketplace
ShiftMed, one of the largest W-2 healthcare workforce management marketplaces, has raised $200 million led by healthcare investors, Panoramic Ventures with participation from Blue Heron Capital and Audacious Capital. Funds will be used to expand ShiftMed’s national footprint across all segments of the Healthcare market.

Henry Schein Announces $400 Million Share Repurchase Plan
Henry Schein, Inc. (@henryschein), the world’s largest provider of health care products and services to office-based dental and medical practitioners, announced that its Board of Directors has authorized the repurchase of up to $400 million of shares of the Company’s common stock.

AccessOne Closes $300 Million Securitization Renewal with PNC Bank
AccessOne (@myaccessone), a provider of consumer-centric patient payment tools and financing options, announced that PNC Bank has renewed and expanded its credit facility to $300 million, up from the previous $225 million closed in 2019.

Making the Cut, Milestones, Accolades, Awards and More

AI-Powered Medication Management Solution by DrFirst Named an Edison Awards Finalist
DrFirst’s  (@DrFirst) SmartRenewal was named a finalist in the Edison Awards, recognizing the solution’s innovative use of artificial intelligence (AI) to improve efficiency for healthcare providers and safety for patients.