Health IT Business News, Financial Edition – March 2, 2023

Trending News

AION Labs Launches AI Startup for De Novo Antibody Design
AION Labs (@AionLabs), the first-of-its-kind innovation lab spearheading the adoption of AI technologies and computational science to solve therapeutic challenges, announced the formation of DenovAI, the lab’s second startup approved by the Israel Innovation Authority.

NextGen® Behavioral Health Suite Adopted by Compass Health Network to Deliver Whole-Person Care
NextGen Healthcare, Inc. (@nextgen), a provider of innovative, cloud-based healthcare technology solutions, announced that Compass Health Network, a Certified Community Behavioral Health Clinic (CCBHC) and Federally Qualified Health Center (FQHC), has chosen NextGen® Behavioral Health Suite in pursuit of its mission to provide whole-person care.

New app will enhance experience for cardiac surgery patients
The deployment of the SeamlessMD (@seamlessmd) digital care journey platform will provide vital digital health care support to patients preparing for or recovering from cardiac surgery at the New Brunswick Heart Centre – the province’s only tertiary cardiac care centre — at Horizon’s Saint John Regional Hospital.

Contract Announcements

Lightbeam Health Solutions Partners with University of Wisconsin-Madison to Advance Health Equity
Lightbeam Health Solutions (@LightbeamHealth), a provider of population health management solutions and services, announces their partnership with the University of Wisconsin–Madison Center for Health Disparities Research, by which their ADI (Area Deprivation Index) data will be incorporated into the Lightbeam application.

VisualDx Partners with American Medical Women’s Academy to Offer Diagnostic Support Technology to Women in Medicine
VisualDx (@visualdx), a web-based clinical decision support system, has partnered with the American Medical Women’s Academy (AMWA), the oldest multispecialty organization dedicated to advancing women in medicine and improving women’s health, to offer assistive technology to all AMWA members.

Emory Healthcare Engages Linus Health on Initiative to Expand Early Detection of Alzheimer’s Disease and Other Dementias
Linus Health (@linushealth), a digital health company focused on transforming brain health, announced that the Goizueta Institute @Emory Brain Health and The Seavey Clinic at Emory Healthcare are working with the company to implement innovative digital cognitive assessments in primary care.

HHAeXchange Partners with FEI Systems, Chosen by Mississippi as State Aggregator for Electronic Visit Verification
HHAeXchange (@HHAeXchange), a provider of homecare management solutions for managed care organizations, providers, and state Medicaid agencies, announced the company has been selected by FEI Systems, an information technology, services, and analysis organization, to serve as the subcontractor in providing an Electronic Visit Verification (EVV) platform in Mississippi.

Biofourmis and Augusta University Health Partner to Improve Clinical Outcomes and Maximize Hospital Capacity Through Continuum-Wide Care at Home
Biofourmis (@biofourmis), a global technology-enabled care delivery provider, announced a four-year engagement with Augusta University Health (AU Health) to expand its Virtual Care at Home program across the continuum. The collaboration will focus on improving throughput in the emergency department (ED) and inpatient setting, reducing hospital readmissions, enabling optimal clinical outcomes, and improving the experience of patients and their families.

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

Stratasys Signs Agreement with Ricoh USA, Inc. for Print-On-Demand Medical Models
Stratasys Ltd. (@Stratasys), a company in polymer 3D printing, announced it has signed an agreement with Ricoh USA, Inc. to provide on-demand 3D-printed anatomic models for clinical settings.

Mergers and Acquisitions

AGS Acquires Offshore Patient Access BPO Unit from Availity
AGS Health (@AGS_Health), a provider for tech-enabled revenue cycle management (RCM) solutions and strategic growth partner to healthcare providers across the U.S., announces the acquisition of the India-based patient access outsourcing business unit of the Florida-based healthcare technology company Availity.


Vytalize Health Closes $100M to Support Value-Based Care Transformation
Vytalize Health, a risk-bearing provider enablement platform, announced it has closed $100 million in funding led by Enhanced Healthcare Partners and Monroe Capital, with participation from North Coast Ventures.

Making the Cut, Milestones, Accolades, Awards and More

DirectTrust reports Direct Exchange transactions surpass 3.7 billion; more than 72 million transactions per month in 2022
DirectTrust (@directtrustorg), a non-profit healthcare industry alliance created to support secure, identity-verified electronic exchanges of protected health information, announced fourth quarter 2022 metrics, as well as the cumulative number of 3.7 billion Direct Exchange transactions since 2014.

Inc. Magazine Ranks TimelyMD fastest-growing company in Fort Worth, 16th in Southwest Region
Inc. magazine revealed that TimelyMD (@TimelyMD), a virtual health and well-being solution in higher education, is the fastest-growing private company in Fort Worth.