Health IT Business News, Financial Edition – September 1, 2022

Trending News

Panacea Healthcare Solutions, a Leading Healthcare Mid-Revenue Cycle Technology and Services Company, Receives Growth Investment from Firmament
Panacea Healthcare Solutions (@panaceahs) announced that it has received growth capital from Firmament, a provider of structured equity capital solutions to small- and medium-sized enterprises. Panacea provides strategic pricing, price transparency, chargemaster, compliance, and mid-revenue cycle software and consulting services to healthcare companies across the full continuum of care. Firmament’s investment will fuel innovation and expand Panacea’s product suite through the acquisition of Holliday & Associates and First Healthcare Compliance (@1sthcc).

KPI Ninja by Health Catalyst™ Partners with MedAllies
KPI Ninja by Health Catalyst™ (@HealthCatalyst), a provider of data and analytics technology and services to healthcare organizations, announced its partnership with Health Information Services Provider (HISP) supplier MedAllies.

Mergers and Acquisitions

Intelerad Acquires PenRad Technologies, Inc., Expanding Breast Imaging and Lung Screening Capabilities
Intelerad Medical Systems™ (@intelerad), a global provider of enterprise medical imaging solutions, announced its acquisition of PenRad Technologies, Inc. (PenRad), a software provider for enhancing productivity for breast imaging and lung screening.

Vālenz® Announces Acquisition of Certus Management Group and Launch of Medical Stop Loss Insurance Solution
Vālenz® announced it has acquired Certus Management Group Stop Loss, Inc. (CMG), a managing general underwriter providing certainty of stop loss protection to self-funded employee benefit plans since 1998.

Contract Announcements

MedAllies Selects Lyniate for Enhanced Identity Data Management Capabilities
Lyniate (@lyniate), a global company in healthcare data interoperability, announced MedAllies, a multimodality connectivity services company, has chosen Lyniate Enterprise Master Patient Index (EMPI) by NextGate to better serve its healthcare clients and partners.

CHRISTUS Health Partners with Kyruus to Streamline Provider Data Management Across Health System and Health Plan
Kyruus (@kyruus), a company in provider data management, search, and scheduling solutions for healthcare organizations, announced CHRISTUS Health, a faith-based, not-for-profit health system headquartered in Irving, Texas, will use KyruusOne®, the company’s provider data management platform, to create a modern digital directory to showcase the distinguished physicians and advanced practitioners in the CHRISTUS Health care network and enhance its online find care experience with richer information that fosters better patient-provider matching.

BronxCare Health System Selects Force Therapeutics Platform
Force Therapeutics (@ForceTherEx) announced that BronxCare Health System, the largest health and teaching hospital system serving the South and Central Bronx, will implement its digital care management platform.

CalOptima Health Selects ZeOmega for Comprehensive Set of Care Management Solutions
ZeOmega® (@zeomega), a population health management organization, announced CalOptima Health, California’s third largest Medicaid (Medi-Cal) plan, as its newest partner for care management.


Motivo Health closes $14M Series A to solve shortage of mental health therapists
Motivo Health (@motivohealth), the first marketplace connecting mental health therapists with clinical supervisors online, has raised $14M in Series A funding led by Cox Enterprises with participation from SteelSky Ventures and Great Oaks Venture Capital.

Nitra Raises $62 Million to Revolutionize Fintech for the Healthcare Industry
Nitra, a fintech company founded by successful serial entrepreneurs, announced that it has raised $62 million in equity and debt capital from leading investors including Andreessen Horowitz (a16z), New Enterprise Associates (NEA), Pantera Capital, KB Financial Group, Jerry Yang/AME Cloud Ventures, and Will Smith’s Dreamers VC, with CoVenture providing the debt facility.

Incredible Health raised an $80M Series B, reaching $1.65B unicorn status as the leader in healthcare hiring
Five years ago, Incredible Health (@JoinIncredible) was founded with the vision of helping healthcare professionals live better lives, and a mission of helping healthcare workers find and do their best work. Recently a significant step in fulfilling that mission was marked with the announcement of $80M in Series B funding, valuing the company at $1.65B.

Alma Raises $130M in Series D Funding led by Thoma Bravo to Advance its Mission to Simplify Access to High Quality, Affordable Mental Health Care
Alma (@withalma_), a membership-based network that helps independent mental health care providers accept insurance and build thriving private practices, has announced $130 million in Series D funding led by Thoma Bravo, a software investment firm, with participation from Cigna Ventures. Existing investors Insight Partners, Optum Ventures, Tusk Venture Partners, Primary Venture Partners, and Sound Ventures also participated in the round, bringing the company’s total funding to over $220 million.

Second Quarter Reports

Nutex Health Reports Second Quarter 2022 Financial Results
Nutex Health Inc., a physician-led, technology-enabled integrated healthcare delivery system comprised of 21 state-of-the-art micro hospitals in 8 states and primary care-centric, risk-bearing physician networks, announced fiscal year 2022 2nd Quarter financial results for the three months ended June 30, 2022 and the filing of its current report on Form 10-Q for the period ended June 30, 2022 (“10-Q”) with the Securities and Exchange Commission.

Making the Cut, Milestones, Accolades, Awards and More

HHAeXchange Launches New Solution, Expands Partnerships and Services in First Half of 2022
HHAeXchange (@HHAeXchange), a provider of homecare management solutions for payers, providers, and state Medicaid agencies, announced that the company has achieved significant growth milestones in the first half of 2022. Specifically, HHAeXchange has expanded its services in several states, welcomed five new partners to its Partner Connect Program, and officially launched Care Insights for Payers, a solution that enables payers to leverage caregivers’ visit frequency with members to capture change in condition alerts and social determinants of health (SDOH) observations.

Dina Debuts on Inc. 5000 List of Fastest Growing Private Companies
Dina (@dinacare_inc) has made its first appearance on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses.

ZeOmega Recognized in KLAS Research CMS Payer Interoperability 2022 Vendor Guide
ZeOmega® (@zeomega), a population health management organization, announced that it is featured in the KLAS Research CMS Payer Interoperability 2022 Vendor Guide. The report lists ZeOmega as one of the top performing companies whose solutions help payers comply with regulations for secure data exchange.

Iris Telehealth Earns Spot on Annual Inc. 5000 List of America’s Fastest Growing Private Companies
Inc. magazine recently revealed that Iris Telehealth (@iristelehealth), a provider of telepsychiatry services for health systems and community health centers across the U.S., was included on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest growing private companies. The ranking reflects a three-year revenue growth of 109% and marks the company’s second appearance on the annual list, having made its debut at No. 397 in 2020.