Health IT Business News – January 6, 2022

BIG News

Former Theranos CEO Holmes convicted of fraud and conspiracy
In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood.

Trending News

GenieMD Recognized by Frost & Sullivan as Technology Innovation Leader – North America Virtual Care Industry
Frost & Sullivan is proud to present GenieMD (@geniemd) with this year’s Best Practices Technology Innovation Leadership Award in the North America Virtual Care industry. Frost & Sullivan applies a rigorous analytical process to evaluate multiple nominees for each Award category before determining the final Award recipient. The process involves a detailed evaluation of best practices criteria across two dimensions (i.e. Technology Leverage and Business Impact) for each nominated company. Frost & Sullivan recognized that GenieMD excels in many of the criteria in the virtual care space.

Collaboration News

Availity and PriorAuthNow Team Up to Streamline Prior Authorizations
Availity (@availity), a national real-time health information network, announced a strategic alliance with PriorAuthNow, the leading real-time prior authorization network that connects providers and payers, to form the healthcare industry’s largest integrated prior authorization network.

Product News

Lightbeam Health Achieves HITRUST CSF® Certification
Lightbeam Health Solutions (@LightbeamHealth), a company in end-to-end population health management solutions and services, announced the population health management platform achieved HITRUST CSF Certified status. HITRUST CSF Certified status demonstrates that Lightbeam’s population health management platform has met key regulations and industry-defined requirements and appropriately manages risk.

World’s first automated 24/7 blood pressure monitor comes to the USA
Aktiia, a company in continuous blood pressure monitoring, announced that it is bringing its 24/7 Blood Pressure Monitor to the United States, delivering the next generation of clinical wearables specifically designed to meet the needs of both patients and physicians. Consumer wearables have struggled to gain acceptance and trust in the healthcare community. Eighty-one percent of physicians would not make a decision about a patient’s treatment or care based on data from a consumer wearable2. By comparison, physicians across Europe are already utilizing Aktiia to personalize their patients’ care.

Financial News

Clear Arch Health, a Division of MobileHelp, Acquires Life Care Solutions, a Division of Resideo
Clear Arch Health (@ClearArchHealth), a division of MobileHelp and a provider of remote patient monitoring (RPM) and mobile personal emergency response system (mPERS) solutions, announced the company acquired Life Care Solutions (LCS), a division of Resideo. Life Care Solutions has been a global leader in the remote patient monitoring industry for two decades, with a complete RPM solution to help streamline care coordination and improve outcomes.

symplr to Acquire Midas Health Analytics Solutions from Conduent
symplr (@symplr), a company in enterprise healthcare operations including governance, risk management, and compliance SaaS solutions, backed by Clearlake Capital Group, L.P. and Charlesbank Capital Partners, announced that it has agreed to acquire Midas Health Analytics Solutions from Conduent Incorporated. The transaction is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions and regulatory approvals.

DispatchHealth Acquires Dynamic Mobile Imaging Becoming One of the Nation’s Largest Mobile Imaging Providers
DispatchHealth (@DispatchHealth), an in-home medical care provider, announced it has acquired Dynamic Mobile Imaging, a mobile imaging provider. This acquisition will expand DispatchHealth’s reach in bringing complex care into patients’ homes through its growing mobile diagnostics services.

Huron Closes Acquisition of Perception Health
Global professional services firm Huron (@Huron) announced it has completed its acquisition of Perception Health Inc. The combination of the companies strengthens Huron’s healthcare predictive analytics and data capabilities to help clients discover insights and detect patterns to optimize patient care and make better data-driven decisions.

Kiira Health raises $4M to transform healthcare for young women.
Kiira Health (@getkiira), a Los Angeles-based healthcare technology company, recently closed a $4M seed round led by 500 Global and Forum VC with participation from Serena Ventures, California Healthcare Foundation, and more.

Core xRM Acquires WeCare
Core xRM (@CoreXRM), a healthcare technology company whose products support healthcare payers with operationally essential technology including Software as a Service ‘SaaS’, data management and data quality solutions, announced its acquisition of WeCare, a technology company focused on improving outcomes for healthcare consumers in the United States.

Babylon Acquires Higi to Extend its Digital-First Healthcare Platform to Millions of People in the U.S.
Babylon (@babylonhealth) announced the closing on December 31, 2021 of its acquisition of Higi SH Holdings Inc. — a consumer health engagement company​. Combining Babylon’s highly-scalable technology platform with Higi’s remote monitoring capabilities — via its Smart Health Stations conveniently located within 5 miles of 73% of the U.S. population, at-home connected devices, and 50-state clinical network — will help Babylon in its mission of reengineering every touch point in the healthcare continuum. The combined company will provide a more holistic, end-to-end solution to meet the needs of payers, providers and retailers on the front lines of care delivery.

GE Healthcare completes acquisition of BK Medical
GE (@generalelectric) announced that it has completed its previously announced acquisition of BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners, LLC. The companies entered into a definitive agreement for GE to purchase BK Medical for a cash purchase price of $1.45 billion on September 22, 2021.

Phreesia Announces Acquisition of Insignia Health, LLC, Redoubling Its Commitment to Improve Patients’ Experience and Outcomes
Phreesia is excited to announce it has acquired Insignia Health, LLC, a founder-led and mission-oriented company dedicated to improving health outcomes through patient activation. The acquisition is a natural extension of Phreesia’s commitment to enabling patients to become more active participants in their care.

Virtual Reality in Medical Market Size to Reach USD 3,309.9 Million in 2028 | Increasing Use of VR in Medical Marketing and Rising Prevalence of Diseases are Among Some Key Factors Driving Industry Growth, according to Emergen Research
The global Virtual Reality in medical market size was USD 446.2 Million in 2020. Increasing use of VR in treatment of patients, rising focus on digitalization in the healthcare sector, growing healthcare expenditure, supportive government initiatives, rising prevalence of diseases, and growing use of VR in medical marketing are factors driving VR in medical market revenue growth.

Making the Cut, Milestones, Accolades, Awards and More

Motient Facilitates Over 5,000 Patient Transfers for 120 Healthcare Providers in 2021
Motient (@Motient_io), a pioneer in patient movement solutions, announced that its web-based patient movement platform facilitated more than 5,000 patient transfers from 122 hospitals to more than 209 destinations in 2021. Nearly half of these interfacility transfers represented time-critical cases.