Health IT Business News, Financial Edition September 28, 2023

Trending News

MRO Named Top Healthcare Workplace USA
MRO Corp. (@MROCorp), a clinical data exchange company in healthcare, announced that it has been awarded the prestigious 2023 Top Workplaces for Healthcare honor. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC.

NextGen Healthcare Supports Athletico Physical Therapy’s Growing Footprint
NextGen Healthcare, Inc. (@nextgen), a provider of innovative, cloud-based healthcare technology solutions, announced its extended agreement with Athletico Physical Therapy (Athletico), one of the nation’s largest providers of the highest quality orthopedic rehabilitation services to communities, employers and athletes.

HITRUST Assurance Program Selected by Health3PT in Alignment with Recommended Practices
HITRUST (@hitrust), the information risk management, standards, and certification body, announced that the Health 3rd Party Trust Initiative (Health3PT) has approved HITRUST as the first assurance supplier supporting the Health3PT Recommended Practices & Implementation Guide. The selection of HITRUST is based on HITRUST’s alignment with Health3PT’s recommended practices for the healthcare industry to meet the challenges of Third-Party Risk Management (TPRM) for vendor cyber risk.

Mergers and Acquisitions

Avel eCare Expands Hospitalist and Senior Care Telemedicine Services with Acquisition of Fident Health
Avel eCare, a national provider of clinician-to-clinician telemedicine services, announced the acquisition of Fident Health, a Texas-based virtual hospitalist provider dedicated to delivering high-quality telemedicine care to rural and suburban communities.

InformedDNA Acquires gWell Health; Appoints gWell Founder Surya Singh, MD as CEO
InformedDNA (@informeddna), a company that’s revolutionizing the application of genomic insights, announced its acquisition of gWell Health, a digital health, genomics, and wellness company. InformedDNA’s deep genomic expertise partnered with gWell’s robust technology platform will accelerate the industry’s access to tech-enabled, genomic-guided decision-making to enhance patient care.

Tendo to Acquire MDsave, Creating Leading Platform for Patient Engagement and Shoppable Care
Tendo (@tendo_systems), a software company committed to creating seamless healthcare experiences for patients, clinicians, and caregivers, is acquiring MDsave, a healthcare marketplace that democratizes care access for all.

Contract Announcements

KabaFusion Selects Inovalon ScriptMed® Infusion Cloud Solution
Inovalon (@InovalonInc), a provider of cloud-based software solutions empowering data-driven healthcare, announced an agreement with KabaFusion, a nationally recognized leader in home infusion, to provide exceptional care capabilities and drive operational efficiencies across the company’s nationwide home and specialty infusion network.

Rocky Mountain Regional VA Medical Center Focuses on Veterans’ Mental Health Through Expanded Partnership with CliniComp
CliniComp (@CliniCompIntl), the pioneer in high-performing, reliable electronic health record (EHR) solutions, announced that Rocky Mountain Regional VA Medical Center expanded its solution from inpatient units to encompass behavioral health.

Mount Nittany Medical Center Increases Accuracy and Efficiency of Vancomycin Dosing Using InsightRX Model-Informed Precision Dosing Platform
InsightRX (@InsightRX) which provides cloud-based precision medicine software to optimize treatment decisions – announced results of a data analysis by Mount Nittany Medical Center showing how deploying InsightRX’s Bayesian software integrated with PINC AI™ Clinical Surveillance powered by TheraDoc® for monitoring vancomycin dosing helped increase efficiency and optimized pharmacist workflow compared to industry benchmarks.

Bryan Health Partners with Epic-based KeyCare Platform for Anywhere, Anytime Virtual Urgent Care Access
KeyCare (@DrLyleMD), the nation’s first and only Epic-based virtual care company, announced that it has partnered with Bryan Health to provide high-quality virtual urgent care from licensed providers to its patients anytime they want in all 50 states.

Luminis Health partners with Luna to expand access to in-home, outpatient physical therapy services
Luminis Health (@LuminisHealth), a nationally recognized non-profit health system in Maryland, has teamed up with Luna (@getlunacare), a provider of in-home, in-person outpatient physical therapy, to expand access to patient services.

Funding and Grants

Amenities Health Closes Series A, Raising a Total of $10M to Modernize Health System Digital Front Doors
Amenities Health, a Digital Front Door platform, announced the final closing of its Series A financing round. The company secured an additional $6.25 million, putting Amenities’ total amount raised to date at $10 million.

Briya Raises $11.5M Series A, Accelerates U.S. Rollout of Blockchain-Secured Data Exchange Platform to Enhance Collaboration Between Hospitals and Life Sciences
Briya (@BriyaHealth), an end-to-end healthcare data exchange platform, announced completion of an $11.5 million Series A round of financing, bringing the company’s total funding to $17 million.

UCare Launches $260,000 Grant Program for Community Mental Health Centers in Kansas to Support Value-Based Healthcare Efforts
UCare (@ucaremn), an independent, nonprofit health plan, announces a $260,000 grant program in partnership with Wheat State Healthcare, a behavioral health management organization that works with 26 nonprofit Community Mental Health Centers (CMHCs) that provide a range of behavioral health services in all 105 counties across Kansas.

Vālenz® Health Announces Next Phase of Growth With New Capital Partner, Kelso & Company
Vālenz® Health announced a new equity investment from Kelso & Company, a middle market private equity firm with a shared vision for accelerating positive change in the delivery of healthcare for the self-insured industry. Terms of the investment were not disclosed.

ShowdMe Announces Partnership for Series A Funding Round and Expansion
ShowdMe (@showdme), the premier compliance training partner for home care agencies and skilled nursing facilities, announces a Series A investment led by Spring Mountain Capital and Blue Heron Capital.

Midi Health Raises $25M in Series A Funding to Expand Access to Expert and Affordable Midlife Care for Women
Midi Health (@midihealth), the emerging digital leader in women’s midlife healthcare, announced the close of a $25M Series A funding round led by GV (Google Ventures).