Health IT Business News, Financial Edition – May 12, 2022

Trending News

CareCloud Declares Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Preferred Stock
CareCloud, Inc. (@CareCloud), a provider of healthcare technology solutions for medical practices and health systems nationwide, announced that its Board of Directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”) for June, July and August 2022.

GenieMD and Chronomics Announce Partnership to Offer In-Home, CLIA-certified Lab Services alongside leading Virtual Care Platform
GenieMD, Inc (@geniemd), a provider of a HIPAA-compliant, cloud-based, mobile-first, virtual care platform and Chronomics, Inc, a global bio-infrastructure platform that powers end-to-end diagnostics for health and wellness providers, have announced a partnership that leverages the GenieMD virtual care platform to be deployed in school districts within some of the largest underserved communities.

Health Catalyst Acquires ARMUS; Bolsters Clinical Quality Offering and Outsourced Services
Health Catalyst, Inc. (@HealthCatalyst), a provider of data and analytics technology and services to healthcare organizations, announced that it has acquired ARMUS Corporation, a Silicon Valley-based clinical registry development and data management technology company.

CareCloud Reports First Quarter 2022 Results
CareCloud, Inc. announced record-setting financial and operational results for the quarter ended March 31, 2022.

Contract Announcements

CareSignal Partners with Texas Association of Community Health Centers (TACHC) to Improve Outcomes for Underserved Patient Populations
CareSignal, a Lightbeam Health Solutions Company, is Texas Association of Community Health Centers (TACHC)’s remote patient monitoring partner aligned to extend equity, access, and quality of care to every patient served by one of TACHC’s 73 members, which are federally qualified health centers (FQHC).

Beacon Biosignals announces partnership with Stratus to advance at-home brain monitoring and machine learning-enabled neurodiagnostics
Beacon Biosignals (@biosignals), which applies AI to EEG to unlock precision medicine for brain conditions, announced a partnership with Stratus, the nation’s leading provider of EEG services, to enable expanded clinical trial service capabilities by leveraging Beacon’s machine learning neuroanalytics platform.

University of Tennessee Health Science Center Leverages CareCloud’s Technology to Enhance Revenues and Streamline Workflows
CareCloud, Inc. announced that the University of Tennessee Health Science Center, College of Dentistry Pathology, has selected CareCloud’s Revenue Cycle Services and talkEHR to enhance revenues, streamline workflows, and alleviate billing inefficiencies.


Imagene AI Secures $21.5 Million to Push the Boundaries of Precision Medicine for Cancer
Imagene AI, an emerging leader in the field of AI-based precision medicine for cancer, announced it raised $21.5 million, comprising $3 million in seed funding led by Blumberg Capital and an $18.5 million Series A round led by renowned technology-driven cancer medicine investors Larry Ellison, Dr. David Agus, and AI imaging space pioneer Eyal Gura.

Turquoise Health Raises $20M Series A Financing, Launches Direct Contracting Platform
Turquoise Health (@TurquoiseHC), an end-to-end healthcare pricing platform, announced a $20M Series A investment led by existing investor Andreessen Horowitz (a16z), with participation from Bessemer Venture Partners, Box Group, and new investor Tiger Global.

Mergers and Acquisitions

Advocate Aurora Health and Atrium Health to Combine
Advocate Aurora Health and Atrium Health (@AtriumHealth) announced their plans to come together to create a leading health and wellness delivery system to best meet patients’ needs by redefining how, when and where care is delivered. The organizations cited their complementary strengths, diverse experiences and enhanced capabilities as key enablers to improve lives.

Making the Cut, Milestones, Accolades, Awards and More

Isaac Ullatil of Hallmark Health Care Solutions Named Among Top 50 Healthcare Technology CEOs of 2022
In recognition of his exemplary leadership and business acumen, Isaac Ullatil, Co-founder and Chief Executive Officer of Hallmark Health Care Solutions (HHCS), has been named one of the Top 50 Healthcare Technology CEOs in 2022. Ullatil, whose nomination was chosen among hundreds submitted to The Healthcare Technology Report, joins the illustrious ranks of past Top 50 CEOs of such notable firms as GE Healthcare, ZocDoc, Teladoc, 3M, Epic, Cerner, and others.

Cedar Ranks Among Highest-Scoring Businesses on Inc. Magazine’s Annual List of Best Workplaces for 2022
Cedar (@CedarNY), an enterprise healthcare engagement platform that improves the end-to-end consumer financial journey, announced it has been named to Inc. magazine’s annual Best Workplaces list. The list is the result of a comprehensive measurement of American companies that have excelled in creating exceptional workplaces and company culture, whether operating in a physical or virtual facility.