Health IT Business News, Financial Edition – May 16, 2024

Trending News

Zscaler Joins Forces with Google to Offer Unparalleled Zero Trust Data and Threat Protection
Zscaler, Inc., a provider of  cloud security, has collaborated with Google on a joint zero trust architecture with Chrome Enterprise. This powerful combination brings the power of Zscaler Private Access™ (ZPA) enabling zero trust secure access to private applications to anyone across different locations and devices, with the advanced threat and data protection capabilities of Chrome Enterprise Premium.

Mergers and Acquisitions

Remote Pregnancy Care Innovator Nuvo Group Ltd. Becomes Public Company Through Completion of Business Combination with LAMF Global Ventures Corp.
Nuvo, a pioneer in remote pregnancy monitoring, announced completion of its business combination with LAMF Global Ventures Corp., a publicly traded special purpose acquisition company and Nuvo Group Ltd. The combined company will retain the Nuvo name, along with its existing management and operational structure.

Avel eCare Acquires Hospitalist Telemedicine Provider ‘Horizon Virtual’
Avel eCare, a national provider of clinician-to-clinician telemedicine services, continues to expand its nationwide leadership in telemedicine with the acquisition of Horizon Virtual, a Minnesota-based virtual hospitalist services provider.

Contract Announcements

Upperline Health and Navina Team Up to Transform Value-Based Specialty Care with AI at the Point of Care
Navina, the artificial intelligence (AI)-powered primary care platform that transforms complex, fragmented patient data into actionable insights at the point of care, announced the initial results of its partnership with Upperline Health, the nation’s largest provider network dedicated to value-based specialty care, and the first to start its own ACO REACH. This collaboration improves the accuracy of patients’ overall health assessment and enhances clinical workflows to maximize valuable time with patients.

Atlantis Orthopedics Selects eClinicalWorks Cloud EHR and healow to Improve Practice Efficiency and Enhance Patient Care
eClinicalWorks®, an ambulatory cloud EHR, announced that Florida-based Atlantis Orthopedics, has selected eClinicalWorks Cloud EHR and healow® patient engagement solutions to streamline operations and improve patient engagement., the revolutionary EHR-agnostic, AI-powered medical scribe, will be available to the practice through eClinicalWorks’ integration with

Tendo and OrthoForum Value Network Partner to Provide National Access to High-Quality Orthopedic Care for Self-Funded Employers
Tendo announced a strategic partnership with the OrthoForum Value Network (OVN), the nation’s largest clinically integrated network of orthopedic and musculoskeletal providers. The partnership will make OVN’s nationwide network accessible and easily shoppable to the employer benefits ecosystem, including employers, care navigators, TPAs, health plans, labor unions, and the broader benefits environment.

TruBridge and Multiview announce preferred partnership, making enhanced financial management solutions available to TruBridge clients
TruBridge, Inc., a healthcare solutions company, and Multiview Financial Software (Multiview) announced a newly formed strategic partnership at TruBridge’s recent annual National Client Conference held in Las Vegas, Nevada.

Global pharmaceutical companies turn to Wolters Kluwer to boost research automation and efficiency
In the highly regulated pharmaceutical industry, implementing the latest technologies to help bring medical breakthroughs to market is of critical importance. That is why Wolters Kluwer Health has collaborated with some of the leading pharmaceutical companies to bring intuitive and easy-to-use workflows to the Ovid® research platform.

Baptist Health, Caregility Expand Partnership to Enhance Patient Care
Baptist Health and Caregility are pleased to announce an expanded partnership aimed at enhancing patient care across the Arkansas-based healthcare organization.

Group Health Cooperative of South Central Wisconsin to Offer Anywhere, Anytime 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 Group Health Cooperative of South Central Wisconsin (GHC-SCW) to provide 24×7 urgent care in all 50 states via virtual visits through GHC-SCW’s MyChart patient portal.

Venture Capitol and Funding

US-based Triomics snaps $15M to automate oncology workflows with Generative AI
Triomics, a San Francisco-based healthcare startup, has raised $15 million to streamline workflows for cancer centres using generative artificial intelligence (GenAI). Their technology focuses on automating tasks currently handled manually, aiming to improve efficiency and patient care.

Ciba Health raises $10M Series A
Ciba Health announces rapid growth and an expansion to its leadership team on the heels of its $10M Series A funding. Ciba Health raised an oversubscribed $10M Series A funding round led by DigiTx Partners, with participation from E12 Ventures, 3CC Capital, Plug and Play Ventures and angel investors.

Switchboard Health Announces $6.5M Series Seed Funding
Switchboard Health, creator of a high-value specialty care network and software platform, has secured $6.5 million in series seed funding.

Brixton Biosciences Announces $33M in Series B Funding to Advance Novel Technology for the Treatment of Pain
Brixton Biosciences, a spin-out from Massachusetts General Brigham and a clinical stage life sciences company developing novel therapies for chronic and acute pain, announced that it closed a Series B funding round of $33M.

SmarterDx Raises $50M to Bolster Hospital Revenue Integrity and Quality with Its Clinical AI Solution
SmarterDx, a provider of clinical AI for revenue integrity and care quality, announced it has secured $50 million in Series B funding led by Transformation Capital.

Making the Cut, Milestones, Accolades, Awards and More

YouScript Wins “Genomics Innovation Award” in 8th Annual MedTech Breakthrough Awards Program
YouScript, an Aranscia company, announced that it has been selected as winner of the “Genomics Innovation Award” in the 8th annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global digital health and medical technology market.

InsightRX Continues Momentum in Precision Dosing with Client Growth, New Scientific Breakthroughs
InsightRX – which provides cloud-based precision medicine software to optimize treatment decisions – continues to build momentum in the health systems and life sciences markets in 2024, with numerous technological and scientific breakthroughs achieved in collaboration with its clients.

QGenda Expands Provider Credentialing Footprint as More Enterprise Healthcare Customers Replace Legacy Systems with QGenda Credentialing
QGenda, a provider of healthcare workforce management solutions, announced a surge in enterprise adoption of QGenda Credentialing, marked by recent competitive wins with academic medical centers, hospital and health systems, and large physician groups.