Health IT Business News, Financial Edition February 22, 2024

Trending News

Waystar ranked #1 in Patient Financial Engagement by the 2024 Best in KLAS Awards
Waystar has been ranked #1 in Patient Financial Engagement for the fourth consecutive year,

Consensus Cloud Solutions to Showcase AI-Powered Solutions for Advanced Data Transformation at ViVE 2024
Consensus Cloud Solutions, Inc., a provider of digital cloud fax, intelligent data extraction, and interoperability solutions, is gearing up for the ViVE 2024 conference in Los Angeles from February 25-28.

NextGen Healthcare and SCHIO Team Up to Help California Providers Tackle the State’s New Data Exchange Regulations
NextGen Healthcare announced a collaboration with Serving Communities Health Information Organization (SCHIO), one of the oldest and most advanced multi-stakeholder health information exchanges (HIEs) in the country.

Mergers and Acquisitions

Inovalon Acquires VigiLanz; a Leading Clinical Surveillance and Patient Safety SaaS and Data Company
Inovalon, a provider of cloud-based software solutions empowering data-driven healthcare, announced the acquisition of VigiLanz, an industry leading, rapidly growing SaaS-based clinical surveillance and patient safety software and data company.

AArete Acquires Technology Consulting Firm Legerity, Expanding Offerings for Healthcare, Financial Services and Public Sector Clients
AArete, a global management and technology consulting firm, announced that it has acquired Legerity, a technology consulting firm based in Norfolk, Virginia.

Contract Announcements

Conifer Health Solutions announces renewal of exclusive service agreement with Dartmouth Health
Conifer Health Solutions, a provider of healthcare performance improvement services, announced the continuation of its partnership with Dartmouth Health through a new multi-year agreement. Conifer will continue to serve as the exclusive provider of end-to-end revenue cycle management (RCM) services for Dartmouth Health’s hospitals, physician services and other related entities.

Sonio, the AI-Powered Prenatal Ultrasound Reporting and Image Management Solution, Announces Implementation by Pediatrix MFM Practice
Sonio announced that Pediatrix Medical Group, the U.S.’s provider of highly specialized health care for women, children and babies, has deployed Sonio, a cloud-based, AI-powered prenatal care reporting and image management solution. This new technology is intended to simplify and streamline ultrasound workflow, while enhancing quality assurance and clinical outcomes, resulting in an improved experience for both patients and providers.

WellSpan Health Expands Relationship with Epic-based KeyCare Platform to Offer Virtual Primary Care and Behavioral Healthcare
KeyCare, the nation’s first Epic-based virtual care company, announced that WellSpan Health has become their inaugural partner in expanding into virtual primary care and behavioral health services. WellSpan patients now can schedule online appointments with a growing panel of virtual primary care providers, psychiatrists and therapists who share medical records with their WellSpan colleagues.

Personalized Health Basel and Leading Life Sciences Organization Collaborate with MDClone to Drive Innovation
MDClone, a data analytics and synthetic data company, announced that it has established a partnership with the University Hospital Basel and a leading life sciences organization to build an infrastructure that will evolve how life sciences and pharma research is performed in the region.

Biofourmis Secures Four New Agreements with Top-20 Pharma on Strength of Platform for Digital Clinical Trials and Digital Biomarkers
Biofourmis, a global company in digital health and decentralized clinical trial solutions, announces four new agreements with top pharmaceutical companies, driven by Biofourmis’ proven leadership and expertise in digital biomarker development and the strength of its comprehensive, device-and location-agnostic clinical trial solution.

SinguLab® Announces Integration with PointClickCare
SinguLab®, a nationwide provider of precision medicine and diagnostics solutions, announced its expanded integration with PointClickCare Technologies Inc., a cloud-based software platform for the senior care continuum, enabling providers to quickly and easily identify potentially dangerous drug-gene interactions for their residents.

Biofourmis and WellSpan Health Collaborate to Deliver High-Quality Hospital-Level Acute and Post-Discharge Care to Patients at Home
Biofourmis, a global technology-enabled care delivery company, announced that WellSpan Health, an eight-hospital integrated delivery system in Central Pennsylvania and Northern Maryland, has chosen Biofourmis to support the enterprise-wide expansion and management of a bundled program that includes hospital-level and post-acute care at home.

HCA Southern Hills Hospital & LucidHealth Partnership
LucidHealth, a national comapny in radiology services, is pleased to kick off its new partnership with HCA Southern Hills Hospital & Medical Center in Las Vegas, NV. This collaboration brings together the expertise of LucidHealth’s network of subspecialized radiologists and the renowned healthcare services provided by HCA Southern Hills Hospital & Medical Center, a Sunrise Health System Hospital.

Brightside Health Expands Medicaid & Medicare Access for Greater Telemental Health Coverage
Brightside Health announced new and expanded payer partnerships to support Medicaid and Medicare. The news comes just months after the company – which serves individuals with mild-to-severe clinical depression, anxiety, and other mood disorders – shared that it would begin serving 50 million Medicaid and Medicare beneficiaries.

Venture Capitol and Funding

MMI Raises $110 Million in Series C Financing
MMI (Medical Microinstruments, Inc.), a robotics company dedicated to increasing treatment options and improving clinical outcomes for patients with complex conditions, announced that it has raised $110 million in Series C financing. The round, led by Fidelity Management & Research Company, marks the largest ever investment in microsurgery innovation.

Making the Cut, Milestones, Accolades, Awards and More

The Joint Commission and National Quality Forum announce 2023 Eisenberg Awards Recipients
The Joint Commission and National Quality Forum (NQF) announced the recipients of the 2023 John M. Eisenberg Patient Safety and Quality Awards. The Eisenberg Awards recognize major achievements by individuals and organizations that improved patient safety and healthcare quality.

Medical Risk Solutions LLC Reports 40% Decrease in Patient Call Volume After Using eClinicalWorks and healow Solutions
eClinicalWorks®, the largest ambulatory cloud EHR, announced that Florida-based Medical Risk Solutions LLC and its onsite-care division My Health OnsiteSM, have tremendously benefited from leveraging the eClinicalWorks Cloud EHR and healow® patient engagement solutions.

Bassett Healthcare Network Practices Sustain Recognition as Patient-Centered Medical Homes
Through a rigorous process conducted by the National Committee for Quality Assurance (NCQA), 33 Bassett Healthcare Network practices have sustained their Patient-Centered Medical Home (NYS PCMH) recognition through the annual reporting program.