Health IT Business News, Financial Edition – July 21, 2022

Trending News

Health Catalyst, Carle Health Strengthen Partnership in Support of the Health System’s Financial Transformation Goals
Health Catalyst, Inc. (@HealthCatalyst), a provider of data and analytics technology and services to healthcare organizations, announced that Carle Health (Carle) has selected Health Catalyst PowerCosting™ to power the health system’s financial transformation.

NextGen Healthcare Expands Relationship with InstaMed to Simplify Payment Processing for Patients and Providers
NextGen Healthcare, Inc. (@nextgen), a provider of innovative, cloud-based healthcare technology solutions, announced that it has expanded its long-term relationship with InstaMed, a J.P. Morgan company, in a deal that modernizes payment processing through NextGen® Pay powered by InstaMed.

Contract Announcements

Luna Teams Up with UCI Health to Expand Access to Care with In-Home Outpatient Physical Therapy
Luna (@getlunacare), a provider of in-home physical therapy, has teamed up with UCI Health, to expand access to patient care by providing in-home physical therapy across Orange County, California.

Geisinger and Cohere Health Join in Driving High-Value Care and Reducing Provider Burden
Geisinger Health Plan (@GeisingerHealth) and Cohere Health (@CohereHealth), a recognized leader in utilization management (UM) technology, announced they are joining forces to drive high-value care and reduce provider burden.

Pivot Point Consulting Supports Live Deployment of OCHIN Epic Electronic Health Record System at Chicago’s Erie Family Health
Pivot Point Consulting (@pivotpc), a Vaco Company, announced the full deployment of OCHIN’s Epic Electronic Health Record (EHR) system at Erie Family Health Centers (Erie), a nonprofit with 13 locations dedicated to the integrated healthcare needs of underserved communities across Chicago. This is the first instance of OCHIN Epic in Illinois.


Intelerad Announces Significant Investment from TA to Accelerate Growth
Intelerad (@intelerad), a global provider of enterprise medical imaging solutions, announced that TA Associates, a global growth private equity firm, has signed a definitive agreement to make a growth investment in the company.

Canvas Medical Achieves ONC Certification, Raises $24MM to Power Clinicians and Developers Building and Scaling Digital Health Companies
Canvas Medical (@canvasmedical), the EMR that enables clinicians and developers to power the future of care delivery, has raised $24MM in Series B funding led by M13 with participation from Haystack and previous investors Inspired Capital, IA Ventures, Upfront Ventures, and Irongrey.

Company Reports and Growth

Alegeus and HealthSherpa Experience Significant Momentum for ICHRA
Alegeus, a provider of healthcare payment solutions, and HealthSherpa, an enrollment platform for individual ACA health coverage, have outpaced the industry in individual coverage health reimbursement arrangements (ICHRA) since announcing an integration partnership in the summer of 2020.

Wolters Kluwer expands commitment to open science
To support the evolution of medical publishing toward higher velocity exchange of scientific findings, Wolters Kluwer, Health (@Wolters_Kluwer) announced two key additions to the Lippincott® portfolio.

Osso VR Doubles Company Footprint, Attracts Top Talent as Demand for Innovation in Surgical Training and Medical Education Soars
Osso VR (@Osso_VR), now the largest and fastest-growing virtual reality (VR) company in healthcare, announced that it is continuing to experience tremendous growth following its $66M Series C fundraise and rising demand for state-of-the-art, immersive surgical training. The company also surpassed an exciting milestone, having recently crossed the 200 employee threshold.

Making the Cut, Milestones, Accolades, Awards and More

SyTrue Shortlisted for 2022 SaaS Award for Best Product in Healthcare
The Software Awards program announced that SyTrue (@sytrue), a company modernizing payer workflows to reduce costs and increase efficiencies, has been shortlisted in its 2022 SaaS Awards program in the Best SaaS Product for Healthcare category.

Essence Group Marks 10-Year Anniversary in North America Ahead of Expansion into Security and Remote Health Markets
Essence Group (@Essence_grp), a technology group developing and supplying wireless, cloud-based security solutions for homes, families and businesses, has marked the 10-year anniversary of Essence USA.

Vim Signs 500th Provider Organization to its Platform, Vim Connect, in Less Than a Year
Vim, a technology company building a point of care connection platform for U.S. healthcare, has signed its 500th provider organization to use Vim Connect in less than a year since the platform’s launch.

PeriGen Earns 2022 Frost & Sullivan Best Practices Product Leadership Award for Maternal and Infant Care Solutions
PeriGen Inc. (@PeriGen), a company applying artificial intelligence (AI) to improve safety in childbirth, has been presented with the 2022 Frost & Sullivan Best Practices Product Leadership Award in the North America maternal and infant care solutions industry.