Health IT Business News, Financial Edition June 22, 2023

Trending News

NextGen Healthcare Expands Partnership with Associated Urologists of North Carolina (AUNC)
NextGen Healthcare, Inc. (@nextgen), a provider of innovative, cloud-based healthcare technology solutions, announced that Associated Urologists of North Carolina (AUNC) has expanded its implementation to include NextGen® Enterprise EHR.

SeamlessMD Named to AVIA Marketplace’s Top Remote Patient Monitoring Companies
SeamlessMD (@seamlessmd), a Digital Care Journey and Remote Patient Monitoring platform, announced that it has been recognized as a Top Company in Remote Patient Monitoring by AVIA Marketplace for the second year in a row.

EmpowerHealth is Improving Health, One Conversation at a Time
Care Angel, now EmpowerHealth (@WeEmpowerHealth), a company in AI-enabled conversational digital health engagement, continues to evolve, while improving health outcomes and helping the company’s valued client partners achieve their financial objectives.

Sagility Launches New Delivery Center Site in Angels, Jamaica
Sagility LLC (@sagilityhealth), a provider of technology-enabled business process management (BPM) services to the U.S. healthcare industry, is all set to showcase its brand new site in Angels, Jamaica. The new site will expand Sagility’s nearshore operations and extend the company’s footprint of award-winning services in Jamaica. Sagility has emerged as one of the best places to work in Jamaica’s fast-growing BPM industry.

Mergers and Acquisitions

Wolters Kluwer acquires U.S. AI-enabled drug diversion detection software
Wolters Kluwer Health (@Wolters_Kluwer) announced it has signed and completed the acquisition of Invistics Corporation (Invistics), a U.S.-based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance.

BurstIQ Acquires Business Intelligence Platform From Olive AI
BurstIQ (@BurstIQ), a company in data-driven healthcare solutions, proudly announces the acquisition of Olive AI’s business intelligence solution. This strategic move expands BurstIQ’s portfolio of innovative products, reinforcing its commitment to helping healthcare organizations navigate the complexities of data-driven solutions while maintaining strict privacy and compliance standards.

Contract Announcements

NextGen Healthcare Selected by Haymarket Center to Provide 24/7 Whole Person Care
NextGen Healthcare, Inc. announced Haymarket Center has chosen NextGen® Enterprise EHR and NextGen® Practice Management (PM) to deliver 24/7 whole-person care in Illinois.

Luna and MedStar Health Partner to Improve Access to In-Home, In-Person Outpatient Physical Therapy Across Washington, D.C., Baltimore, and Northern Virginia
Luna (@getlunacare), a provider of in-home, in-person physical therapy, and MedStar Health, the largest healthcare system in Maryland and the Washington, D.C., region, have announced a partnership to improve access to, in-person outpatient physical therapy across Washington, D.C., Baltimore, and Northern Virginia, in collaboration with MedStar Health rehabilitation centers.

Captive Health Offering 24×7 Virtual Care via KeyCare’s Epic-based Platform
KeyCare (@keycareinc), the nation’s first and only Epic-based virtual care company, announced that it has partnered with Captive Health to deliver high-quality virtual care with licensed providers (aka Virtualists) to its covered members, including employees participating in Captive Health’s health plan for employers.

Caresyntax Announces Strategic Collaboration with ProAssurance to Offer Access to Cutting-Edge Surgical Intelligence to Data-Driven Surgeons
Caresyntax (@caresyntax), a vendor-neutral enterprise surgical data and intelligence platform designed to make surgery smarter and safer, announced a strategic collaboration with ProAssurance Corporation, a medical professional liability insurers, to provide innovative Caresyntax surgical intelligence tools to ProAssurance’s insured surgeons.

Sierra7, Inc. and Partner AvaSure Awarded the TeleCare Companion Contract for Veterans Integrated Services Network (VISN) 9 VA Medical Centers
The Department of Veterans Affairs (VA) has awarded Sierra7 and their partner AvaSure (@avasure) a contract to provide a turnkey TeleCare Companion solution to seven Veterans Health Administration (VHA) Medical Centers within the Veterans Integrated Services Network (VISN) 9 region.

UT System Regents invest in new student mental health resources
The University of Texas System Board of Regents (@utsystem) is expanding its investment in student mental health services with the launch of a new program that will offer free, virtual mental health support to students at all 14 UT institutions beginning in the 2023 fall semester. The new program will be administered in partnership with Fort Worth-based TimelyCare (@timely_care), a premier provider of virtual health and well-being resources in higher education.

Oroville Hospital Expands Partnership with CliniComp to Advance Continuum of Care
CliniComp (@CliniCompIntl), the pioneer in high-performing, reliable electronic health record (EHR) solutions, announced that Oroville Hospital expanded its multi-year partnership beyond Perinatal areas to include Critical Care and high acuity Medical/Surgical units.

Temple Health Embeds AI-Powered Medication Management Solution in its Epic EHR
Hospitals and health systems have long struggled with inefficient medication reconciliation processes and a lack of price transparency that often leads to patients abandoning their prescriptions at the pharmacy counter when surprised by the costs. Health technology pioneer DrFirst (@DrFirst) announced that the 900-bed Temple University Health System (Temple Health) is answering both challenges by integrating AI-powered medication history and real-time prescription benefit checking solutions into its Epic electronic health record (EHR) system.


Theradaptive Closes $26 Million Series A Investment Round
Theradaptive, a biopharmaceutical company breaking new ground in targeted regenerative therapeutics, announces that it has closed a $26 million Series A funding round to advance development of its targeted regenerative therapeutics.

CancerVAX Launches $10 Million Funding Round
CancerVAX, Inc., developer of a breakthrough universal cancer vaccine that will use the body’s immune system to fight cancer, announced that it recently launched a funding round of up to $10 million. Proceeds from the SEC qualified Reg A+ offering will allow the Company to continue work on its breakthrough cancer treatments.

DexCare Closes $75M in Series C Funding, Led by ICONIQ Growth, to Accelerate Market Expansion of its Care Access Platform
DexCare, Inc. (@dexcare), a patient demand and care access platform, announced the close of its $75 million Series C funding round led by ICONIQ Growth.

Vālenz® Health Announces Next Phase of Growth With New Capital Partner, Kelso & Company
Vālenz Health announced a new equity investment from Kelso & Company, a middle market private equity firm with a shared vision for accelerating positive change in the delivery of healthcare for the self-insured industry.

Making the Cut, Milestones, Accolades, Awards and More

Raintree Systems Earns 16 Awards in G2 Summer 2023 Report
Raintree Systems, a provider of electronic health records (EHR), including patient engagement, scheduling, billing, and practice management, in addition to revenue cycle management (RCM) software solutions for the therapy and rehab industry, announced that it has been recognized as a High Performer or Top Performer in 16 categories by technology review site G2 in their Summer 2023 report.