Health IT Business News, Financial Edition – June 27, 2024

Trending News

NextGen Healthcare Expands Capabilities of NextGen® Ambient Assist and Introduces Tailored Solution for Small Practices, NextGen® Office Ambient Assist
Artificial intelligence (AI) can now be meaningfully leveraged by more healthcare providers than ever before as NextGen Healthcare expands the capabilities of its AI-driven ambient listening technology for mid-sized and large enterprises, NextGen® Ambient Assist, and introduces NextGen® Office Ambient Assist, a tailored solution for small practices.

Mergers and Acquisitions

Mediktor Acquires Sensely and Consolidates Its Position as a Leader in AI Healthcare Solutions
Mediktor, a digital healthcare company, has announced the acquisition of Sensely, a San Francisco-based, digital healthcare provider that pioneered an empathy-driven conversation platform to support hospital systems and insurance services with world-class member engagement.

Evolent signs agreement to acquire artificial intelligence utilization management products and team from Machinify
Evolent Health, Inc., a company focused on achieving better health outcomes for people with complex conditions, announced it has entered into an agreement to acquire certain assets of Machinify and the exclusive, perpetual and royalty-free license of Machinify Auth, a proven software platform that leverages the latest advances in artificial intelligence to increase the clinical quality, speed and consistency of the clinical reviews for all specialty conditions.

HHAeXchange Acquires Cashé Software, Strengthening Homecare Operations for Thousands of Agencies and Individuals
HHAeXchange, a provider of homecare management solutions for providers, managed care organizations (MCOs), state Medicaid agencies, and fiscal intermediaries, announced its acquisition of Cashé Software, a Minnesota-based solution for homecare operations and billing.

eVisit Acquires UPMC’s Inpatient Teleconsult Technology and Secures Investments from UPMC Enterprises and MedStar Health
eVisit, a virtual care transformation partner for innovative health systems, announced the acquisition of UPMC’s inpatient teleconsult technology alongside strategic direct investments by UPMC Enterprises and MedStar Health, adding to its $45 million Series B fundraising led by Goldman Sachs Asset Management.

Contract Announcements

Belfast Health and Social Care Trust selects Wolters Kluwer UpToDate for clinical decision support
One of the largest integrated health and social care trusts in the United Kingdom, Belfast Health and Social Care Trust, has selected UpToDate®, the clinical decision support (CDS) resource from Wolters Kluwer Health, to help clinical teams enhance patient safety with access to evidence-based clinical knowledge and recommendations.

Northern Arizona Healthcare Partners with InsightRX on the First Commercial Precision Dosing Model for Heparin
InsightRX and Northern Arizona Healthcare (NAH) announced they will make InsightRX’s precision dosing software for heparin therapy available to NAH’s pharmacists at Flagstaff Medical Center.

24-Provider Rockbridge Area Health Center Enhances Clinical Efficiency Using
eClinicalWorks®, an ambulatory cloud EHR, announced that federally qualified health center (FQHC) Rockbridge Area Health Center is successfully leveraging eClinicalWorks Electronic Dental Record (EDR) and AI-powered medical scribe,, to optimize clinical workflows and improve patient care.

athenahealth and Cardiovascular Associates of America Collaborate to Empower Independent Cardiologists to Deliver Value-Based Care
athenahealth, Inc., a provider of network-enabled software and services for medical groups and health systems nationwide, announced it is collaborating with Cardiovascular Associates of America (CVAUSA), a comprehensive management services organization dedicated to cardiology, to drive innovation on the delivery and experience of care.

Upswing Health and Hinge Health Partner to Address Care for Acute MSK Injuries for Joint Clients
Upswing Health, the surgeon-founded virtual orthopedic care company, announced a partnership with Hinge Health, a company dedicated to transforming the way that musculoskeletal (MSK) conditions are prevented and treated, while lowering costs and improving outcomes.

AI-based Small Molecule Therapeutics Pioneer Athos Therapeutics Selects Vultr for Secure AI Training in the Cloud
Vultr, the world’s largest, privately-held cloud computing platform, announced that Athos Therapeutics, Inc., a clinical-stage biotechnology company, has chosen Vultr Cloud GPU to run its AI model training, tuning, and inference.

TP-ACO Selects YouScript for Personalized Medication Management Initiative
The Physician’s Accountable Care Organization (TP-ACO), announced that it has selected YouScript, an Aranscia company, to power an organization-wide personalized medication management program.

LucidHealth and Rad AI Finalize Partnership Agreement for AI Radiology Solution
LucidHealth, a provider of radiology services employing over 300 physicians, and Rad AI, a radiologist-led AI company, have finalized an agreement to provide LucidHealth radiology practices with access to Rad AI Omni Impressions.

Deaconess Health System to Offer Virtual Urgent Care Through KeyCare’s Epic-based Platform
KeyCare, the nation’s first Epic-based virtual care company, announced that it is collaborating with Deaconess Health System to provide 24×7 urgent care in all 50 states via virtual visits through MyChart.

FDB Vela™ and RxEOB® Deliver Transparent Pricing and Pharmacy Options to Consumers to Inform Choice and Savings on Medications
FDB (First Databank, Inc.), a provider of drug knowledge that helps healthcare professionals make precise decisions, and RxEOB, a transformational health information technology company, announced an agreement to deliver instant, mobile access to information on health plan members’ potential out-of-pocket prescription costs.

31-Provider FQHC Selects AI-Powered Medical Scribe,, to Reduce Provider Burnout, an EHR-agnostic, AI-powered ambient listening technology, announced that California-based Imperial Beach Community Clinic selected the AI-powered medical scribe to streamline clinical documentation. Reducing workload, especially around clinical documentation, leads to improved provider satisfaction and patient engagement.

Community Health Network to Transform Care Delivery, Patient Experiences and Outcomes With Comprehensive Deployment of Microsoft Azure and Dragon Medical Platform
Nuance Communications, Inc., a Microsoft Company, announced that Community Health Network, a 200-site health system serving central Indiana, has invested in the Nuance Dragon Medical platform and a comprehensive deployment of Microsoft Azure cloud services as part of a multiyear digital strategy to transform healthcare delivery, experiences, costs and outcomes.

Venture Capitol and Funding

Better Health Secures $14 Million in Strategic Funding to Revolutionize Chronic Condition Care
Better Health, a medical supply and support provider built on peer-to-peer connection, announces $14 million in strategic funding, which includes investments from Healthworx, the innovation and investment arm of CareFirst Inc., UHealth – University of Miami Health System, and Mosaic General Partnership. This investment underscores the industry’s recognition of Better Health’s pivotal role in revolutionizing healthcare delivery for chronic conditions.

Pomelo Care raises $46 million, covers over 3 million lives, and publishes data proving its virtual care model improves outcomes
Pomelo Care, a virtual medical practice that improves maternal and newborn health outcomes, announced $46 million in Series B financing led by existing investors First Round Capital and Andreessen Horowitz (a16z) Bio + Health. Pomelo will use this funding to accelerate its partnerships with payors across the country to address the root causes of the maternal health crisis.

Heyday Health Raises $12.5M to Scale “Virtual-forward” Value-based Care Model for Medicare & Dual-eligible Patients
Heyday Health, the nation’s first virtual-forward value-based care provider focused on Medicare and dual-eligible patients, announced that it has raised $12.5 million.

INVI MindHealth Closes $1.5 Million Series Seed Round to Advance Digital Mental Health Solutions
INVI MindHealth, a mental health technology company, proudly announces the successful close of its $1.5 million Series Seed funding round. The proceeds from this funding round will be strategically utilized to enhance the current INVI Mindhealth application.

CipherHealth Announces Capital Investment by Atalaya Capital Management
CipherHealth, Inc., a provider of patient-centered communication solutions, announced that it has received a capital investment from Atalaya Capital Management in support of CipherHealth’s continued growth and expansion.

Making the Cut, Milestones, Accolades, Awards and More

Ochsner Health wins innovator award funds for Connected MOM
Ochsner Health has been named among the final winners of the HHS Hypertension Innovator Award Competition for its program Ochsner Connected Maternity Online Monitoring (MOM). The national competition by the U.S. Department of Health and Human Services (HHS) Office on Women’s Health identifies and rewards innovative programs that ensure women with hypertension during pregnancy and/or postpartum receive appropriate monitoring and follow-up.

Brightside Health Reaches 100% National Coverage for Medicare Part B Beneficiaries
Brightside Health is proud to announce that it is the first telepsychiatry company to serve 100% of Medicare Part B beneficiaries nationwide, expanding access to life-saving mental health care for all who need it.

AvaSure Named to AVIA Marketplace’s 2024 Top Smart Rooms Companies
AvaSure, a market leader in acute virtual care, announced that it was recognized as a 2024 Top Company in Smart Rooms upon conclusion of extensive research and company outreach by AVIA Marketplace, the leading digital health marketplace.