Health IT Business News, Financial Edition – October 13, 2022

Trending News

SonarMD Chief Medical Officer Develops eNose Technology to Promote Gut Health
SonarMD (@sonarmd), a value-based care coordination company for digestive health, announced its chief medical officer, Lawrence Kosinski, MD, has founded VOCnomics, a venture focused on the development and commercialization of novel remote patient monitoring technology for chronic conditions. The startup is investigating a clinical stage device that analyzes the air content after bowel movements to help monitor how diet is affecting gut health.

Mergers and Acquisitions

Coastal Medical Transportation Systems Announces Agreement to Expand Ambulance Network
Coastal Medical Transportation Systems (CMTS), a privately owned and operated medical transportation company dedicated to providing the highest quality of care with compassion, dignity and respect for customers and their patients, and Transformative Healthcare, announced they have reached an agreement to acquire Transformative Healthcare’s Massachusetts medical transportation arm, comprised of Fallon Ambulance Service and LifeLine Ambulance Service.

Knowtion Health Acquires Amplus and Announces Goal of Developing the Most Broadly Used, On-Shore, RCM Low Balance Recovery Offering
Knowtion Health (@knowtionhealth), formerly RSource Healthcare, and Amplus announced that Knowtion Health has acquired Amplus, a healthcare revenue cycle A/R resolution and technology service. The acquisition of this stellar team of engineers, patient representatives, and billers will accelerate Knowtion’s plan to expand low balance recovery technologies to reach Knowtion’s scalability goals.

Milliman IntelliScript® Acquires OneRecord
Milliman IntelliScript®, an insurtech company with risk assessment solutions for life and health insurers, has acquired OneRecord (@OneRecord), a digital healthcare company that empowers consumers to access, aggregate, and share their healthcare data with the people and organizations they trust using standards-based APIs.

Nordic Consulting Acquires Healthcare Consulting Company Hygeian
Nordic Consulting (@Nordic_Global), a global health and technology consulting company, announced that it has acquired Hygeian, a healthcare consulting company supporting public and private sector clients across the United Kingdom and the Middle East with advisory services, change management, flexible resourcing, and filling fixed-term and specialist roles. Hygeian will now become a Nordic Global Company, joining Bails, Healthtech, and S&P Consultants.

Contract Announcements

VisiQuate Announces Partnership With Large Northeast Health System
A leading not-for-profit system based in the northeast with a focus on community and wellness is partnering with VisiQuate (@VisiQuate). With a new VP of Revenue Cycle taking the helm, the priority is to completely transform their revenue cycle operations to perform just like their highly awarded clinical care. Believing in a “better together” strategy, the organization saw the value that VisiQuate would bring to enhance their investment into their deployment of Epic.

InStride Health Providing Virtual Pediatric Anxiety/OCD Treatment Launches with Support from McLean Hospital and Leading Healthcare Investors
InStride Health (@InStrideHealth), technology-enhanced mental health treatment for children and adolescents struggling with moderate to severe anxiety and OCD, announces its formal launch. Working in collaboration with McLean Hospital—America’s top-ranked psychiatric hospital and an affiliate of Harvard Medical School—InStride offers evidence-based treatment that is accessible, affordable and effective.


Sure Med Compliance Raises $1 Million Pre-Series A to Tackle the Overdose Epidemic
Sure Med Compliance, an early-stage digital health startup focused on curbing the opioid-related overdose epidemic has raised $1 Million to help fund a national launch of their novel platform, Perspectives in CareSM.

Medtech Startup Index Health Raises $6M from CEE Investors to Revolutionize Healthcare
Miami-based telemedicine company with Serbian founder Index Health (@IndexHealthUSA) raises $6M in a seed round co-led by LAUNCHub Ventures and Inovo Venture Partners.

Alleva Raises $12 Million Series A Led By Ankona Capital
Alleva (@alleva_emr), a company dedicated to providing world-class software to the behavioral health industry, announced a series A funding of $12 million, led by Ankona Capital, a software growth venture firm focused on investment in leading software companies. Existing investors, including Dealer Socket Founder Jonathan Ord, will also participate in the funding round, which will fuel Alleva’s upward growth trajectory and support product development and expansion to meet demand.

Making the Cut, Milestones, Accolades, Awards and More

Rhinogram Named High Performer in G2 Fall 2022 Report
Rhinogram (@rhinogram), a cloud-based, HIPAA-compliant virtual care platform, announced it has been named a High Performer in G2’s Fall Grid® Report in the Patient Relationship Management (PRM) Software category.