Health IT Business News, Financial Edition – November 10, 2022

Trending News

NextGen Healthcare Selected by Cherry Health to Streamline Operations
NextGen Healthcare, Inc. (@nextgen), a provider of innovative, cloud-based healthcare technology solutions, announced NextGen Enterprise® has been selected as the electronic health record (EHR) and practice management (PM) solution of choice by Federally Qualified Health Center (FQHC) Cherry Health.

Leveraging HITRUST to Demonstrate Adherence with OCR Recognized Security Practices Guidance
HITRUST (@hitrust) announces support for organizations seeking to demonstrate the use of Recognized Security Practices (RSPs) as defined in the 2021 HITECH ACT and in alignment with recent guidance from the U.S. Department of Health and Human Services Office for Civil Rights (OCR) through the HITRUST CSF, Assurance Program, and Risk-based, Two-year (r2) Validated Assessment.

Mergers, Acquisitions and Expansion

Lumeris Announces Seven New Health System Partnerships as Five Star Essence Health Plan Expands into Five New States
Lumeris (@lumeris), a provider of the technology, insurance capabilities and expertise to support value-based care models, announced the 2023 market expansion of Essence Healthcare, the company’s wholly owned Medicare Advantage (MA) plan, into five new states and 44 new counties.

VillageMD Acquires Summit Health-CityMD, Creating One of the Largest Independent Provider Groups in the U.S.
VillageMD (@VillageMD) announced it has entered a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty and urgent care. The transaction is valued at approximately $8.9 billion with investments from Walgreens Boots Alliance, Inc. and an affiliate of Evernorth, a subsidiary of Cigna Corporation.

Walmart Health Grows in Florida with 16 New Health Centers Opening in 2023
Walmart Health (@walmart) announced plans to bring more accessible, convenient, and affordable healthcare to communities in Florida with 16 new health centers. The locations will span the metro areas of Jacksonville, Orlando, and Tampa and will open by fall 2023.

Contract Announcements

AbsoluteCare Selects ZeOmega for Chronic Care Management for High-Risk Patient Populations
ZeOmega®, a population health management organization, announced that value-based integrated healthcare provider AbsoluteCare has selected ZeOmega’s Jiva platform to fulfill its needs for comprehensive care management, utilization management, and clinical assessment support.

Mass General Brigham Implements DexCare to Support Care Integration and Advance Digital Health
DexCare, Inc., a data-driven intelligence company focused on healthcare access, and Mass General Brigham, an integrated academic health care system, announced that Mass General Brigham has implemented DexCare’s Platform-as-a-Service (PaaS) for an end-to-end digital consumer experience and to aim for improved patient outcomes for virtual urgent care.

Acclaim Multi-Specialty Group Adopts Heisenberg II Technology for Automation and Transparency in Provider Compensation
Hallmark Health Care Solutions (HHCS), a healthcare technology company that specializes in streamlining and automating provider compensation and contract management, announces its newest Heisenberg II client, Acclaim Multi-Specialty Group, part of JPS Health Network. The medical group has adopted HHCS’s Heisenberg II Physician Compensation platform to modernize and drive transparency in provider compensation processes. Heisenberg II is a patented solution used by more than 4,000 healthcare facilities.

K&B Underwriters and VirtuSense Technologies Partner for Predictive Technology in Post-Acute Care
K&B Underwriters and VirtuSense Technologies (@VirtuSense) have partnered to offer a win-win scenario for post-acute organizations and their residents.


Prenuvo Raises $70M Series A Led By Felicis to Reimagine Preventive Healthcare
Prenuvo (@prenuvo), a pioneer in advanced, radiation-free whole body imaging for early detection of cancer and other diseases, announced that it has raised $70M in Series A equity and debt funding led by Felicis, with participation from existing investors including Tony Fadell, NYT bestseller author and founder of Nest; Dr. Timothy A. Springer, Lasker award recipient; Anne Wojcicki, CEO of 23&Me; Steel Perlot, with Eric Schmidt as chairman; entrepreneur Rande Gerber; and wellness investor, supermodel, and actress, Cindy Crawford.

Galen Robotics Announces Over-Subscribed $15 Million Series A To Advance Next Phase in Surgical Robotics
Galen Robotics (@GalenRobotics), the Digital-Surgery-as-a-Service ™ pioneer, announced it has completed the 1st close for an oversubscribed Series A round with $15 million in funding, including investment from Ambix Healthcare Partners, from Menlo Park, CA.

Carta Healthcare secures $20 million series B funding to help additional health systems improve patient care, amid challenging global economy, pandemic turbulence, and downturn in VC funding
Carta Healthcare (@carta_ai), a pioneer in harnessing the power of clinical data, announced it closed a $20 million series B round, with investors including Paramark Ventures, Frist Cressey Ventures, American College of Cardiology, Asset Management Ventures, CU Healthcare Innovation Fund, Mass General Brigham, Maverick Ventures Investment Fund, and Storm Ventures.

Making the Cut, Milestones, Accolades, Awards and More

ACOs using CareSignal’s Deviceless RPM solution generated $59 million in total MSSP savings in 2021.
CareSignal (@CareSignal_), a Lightbeam Health Solutions (@LightbeamHealth) company and innovator of Deviceless Remote Patient Monitoring®, announces that ACOs using their solution generated $59 million in savings for the Medicare Shared Savings Program (MSSP) in performance year 2021.