Health IT Business News – May 13, 2021

Trending News

U.S. Physiatry Leverages CareCloud’s Technology Platforms to Increase Collections and Drive Growth
CareCloud, Inc. (@CareCloud), a provider of healthcare technology solutions for medical practices and health systems nationwide, announced that U.S. Physiatry (USP), one of the nation’s largest physiatry groups, is utilizing CareCloud’s technology platform to boost revenue and increase collections across the entire organization.

Tandigm Health Partners with NextGate for Patient Identity Resolution and Provider Data Accuracy
NextGate (@NextGate), a global company in enterprise patient identification, announced that Tandigm Health, a population health services organization, has selected its cloud-based Enterprise Master Patient Index (EMPI) and Provider Registry as strategic components for fully-connected, person-centric care. The implementation will create a sustainable network of accurate, comprehensive patient and provider data by uniquely identifying and matching individuals to their records for highly collaborative care and fluid information exchange.

Vivify Health Recognized for Remote Patient Care Innovation in 2021 MedTech Breakthrough Awards Program
Vivify Health (@VivifyHealth), developer of a connected care platform for remote patient care, announced that it has been selected as the winner of the “Best Remote Patient Monitoring Solution” award in the fifth annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global health and medical technology market.

Caravan Health Launches 340B Technology Solution
Caravan Health, Inc. (@caravanhealth), the nation’s leading convener of accountable care organizations (ACO) with safety-net providers, launched a new 340B application to help Covered Entities increase their 340B drug discounts as an added benefit of ACO participation.

Adapters to Test Light Cord Integrity
Healthmark Industries (@HmarkNews) is delighted to introduce the Light Cord Adapters to its ProSys™ Instrument Care product line.

Collaboration News

VeeMed and BioIntelliSense Partner to Advance Remote Patient Monitoring Care with Continuous Vital Sign Data and Clinical Analytics
VeeMed (@VeeMedInc), a provider of a Virtual Care as-a-service (VCaaS) for the full continuum of care, and BioIntelliSense, Inc. (@biointellisense), a continuous health monitoring and clinical intelligence company offering a medical-grade Data-as-a-Service (DaaS) platform, announced its partnership that provides scalable Remote Patient Monitoring (RPM) by integrating the most advanced technology in wearables and analytics.

Minnesota Partners with Appriss Health to Integrate One-Click Access to Prescription Monitoring Program Data into Healthcare Providers’ Electronic Workflows
The Minnesota Board of Pharmacy has partnered with Appriss Health (@apprisshealth), a company in cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, to deliver seamless access to Minnesota Prescription Monitoring Program (PMP) data within the electronic health record (EHR) and pharmacy management systems (PMS) of prescribers and pharmacists across the state.

CEO Coalition Collaborates with IHI and Vocera to Protect the Nation’s Healthcare Workforce
The CEO Coalition announced that the Institute for Healthcare Improvement (IHI) and Vocera Communications, Inc. (@voceracomm) are collaborating to catalyze the work of the Coalition to improve the physical and psychological safety of the nation’s healthcare workforce.

Financial News

Vocera to Acquire PatientSafe Solutions
Vocera Communications, Inc., a clinical communication and workflow solutions company, announced it is acquiring PatientSafe Solutions based in San Diego, CA. PatientSafe Solutions consolidates secure messages, voice calls, alerts, and nurse call notifications with data from the electronic medical record (EMR) to enable care teams to quickly manage mission-critical workflows in one mobile smartphone app. The deal is expected to close in the next few days.

Perinatal Safety Company PeriGen, Inc., Acquired by Halma plc, a Global Group of Life Saving Technology Companies
PeriGen, Inc. (@PeriGen), a company applying artificial intelligence (AI) to improve safety in childbirth, announced it has been acquired by Halma plc. Based in the UK, Halma is a FTSE 100 global group of life-saving technology companies that provide innovative solutions to many of the key problems facing the world today – such as avoidable adverse events in childbirth. Halma’s guiding purpose is to grow a safer, cleaner, healthier future for everyone, every day.

Acquisition further expands Provation’s industry-leading anesthesia expertise and its portfolio of end-to-end clinical productivity and documentation software and SaaS solutions
Provation (@ProvationMed), the premier software and SaaS provider of procedure documentation and clinical decision support solutions, backed by Clearlake Capital Group, L.P., announced its acquisition of iProcedures, LLC, a top-rated provider of cloud-based anesthesia documentation and perioperative data management software solutions. Terms of the transaction were not disclosed.

Appriss Health Completes Acquisition of PatientPing
Appriss Health backed by Clearlake Capital Group, L.P. and Insight Partners, announced that it has completed its acquisition of PatientPing, a leader in care coordination data and software solutions focused on patients with complex needs, and senior care. The transaction valued the combined company at over $1.5 billion.

Let’s Talk Interactive Sees Successful Q1 as a Leading Telehealth Solutions Provider
Let’s Talk Interactive, Inc. (@LetsTalkInter), a provider of customizable telehealth solutions, reports a successful first quarter with ambitious moves to capitalize on soaring demand for telehealth solutions, spurred by patients and providers seeking safe and convenient remote healthcare during the COVID-19 pandemic.

TripleBlind Expands Collaboration with and Receives Investment from Mayo Clinic
On the heels of announcing the close of $8.2 million in seed funding, TripleBlind (@TripleBlindAI) is pleased to announce that it has expanded its collaboration with Mayo Clinic. The renowned academic medical center invested in a seed extension round and was the only investor participating.

$50 Million Follow-on Equity Investment from Sixth Street Growth Caps $135 Million Total in 2020-21 for DrFirst
DrFirst (@DrFirst) announced the closing of a $50 million equity investment from Sixth Street Growth, the growth investing platform of Sixth Street, a leading global investment firm. Following Sixth Street’s previous $35 million investment and another $50 million from Goldman Sachs Growth, both in 2020, DrFirst’s investment total over the past year is now $135 million.

Medicus IT Acquires Managed Services Provider HITCare
Medicus IT (@Medicus_IT), a Medicus IThealthcare-focused managed services provider (MSP) based in Alpharetta, Georgia, announced the acquisition of Health Information Technology Care (HITCare), California’s premier healthcare managed IT services provider based in Petaluma. The uniting of these leading companies further elevates Medicus IT as one of the largest healthcare focused MSPs in the country and will deliver significant value to its clients.

Huma raises $130 million financing to scale its digital health platform for better care and research
Huma Therapeutics Limited (@humaforhealth) announces the completion of its latest funding round with financing of approximately $130 million. The investment will scale Huma’s modular platform which can power digital ‘hospitals at home’ nationally, and support the pharmaceutical and research industries to run the largest ever decentralized clinical trials. Huma’s platform combines predictive algorithms, digital biomarkers and real-world data to advance proactive care and research.

Caris Life Sciences Raises $830 Million in Growth Equity Capital to Continue to Expand its Precision Medicine Platform
Caris Life Sciences (@carisls), an innovator in molecular science and artificial intelligence (AI) focused on fulfilling the promise of precision medicine, announced an $830 million growth equity round at a post-money valuation of $7.83 billion. With this investment, Caris has raised approximately $1.3 billion in external financing since 2018. This financing represents one of the largest capital raises in precision medicine and includes a diverse syndicate of leading investors.

Product News

No Patient Asks to Be Stuck More than Once — B. Braun Unveils New Data-Driven Program Designed to Improve Patients’ Experience with Intravenous Therapies
B. Braun Medical Inc. (@bbraun_com), an infusion therapy and pain management comapnay, unveiled Peripheral Advantage®, a new program that is designed to improve patients’ experience with peripheral intravenous (IV) therapy. The comprehensive program combines clinical instruction, data-driven insights and advanced tools to empower nurses to achieve first-stick success and help prevent many of the complications associated with peripheral IV therapy.

Allscripts announces ADP Empower to help amplify diverse voices in the healthcare technology industry
Allscripts (@Allscripts) announced its team that leads the Allscripts Developer Program (ADP) has launched ADP Empower, a new program designed to amplify diverse voices in the healthcare technology industry and offer valuable resources to underrepresented entrepreneurs to grow their businesses and accelerate innovation.

THREAD Launches Industry-First Analytics Solution for Decentralized Clinical Trials (DCTs)
THREAD (@THREADresearch), a technology and service provider enabling decentralized clinical trials (DCTs), announced the launch of the industry’s first analytics dashboards designed to specifically monitor, measure and predict DCT performance. The analytics dashboard provides researchers with real-time, actionable insights to reduce risk, automate oversight and improve outcomes.

Making the Cut:

Vocera Ease Wins 2021 MedTech Breakthrough Award for Innovation in Patient Engagement
Vocera Communications, Inc. announced that its Vocera Ease solution won the “Best Overall Patient Engagement Solution” award in the fifth annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes top companies and products in the global health and medical technology market.

DrFirst’s SmartSuite Wins ‘AI Innovation Award’ in 2021 MedTech Breakthrough Awards Program
MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global health and medical technology market, announced that health technology pioneer DrFirst (@DrFirst) has been selected as the winner of the “Artificial Intelligence Innovation Award” in the fifth annual MedTech Breakthrough Awards program, recognizing DrFirst’s SmartSuite solution.

Kyruus Named Back-to-Back Winner of MedTech Breakthrough Award for Best Patient Scheduling Solution
Kyruus (@kyruus), a company offering provider search and scheduling solutions for health systems, announced that Kyruus ProviderMatch® for Consumers, has received the “Best Patient Registration & Scheduling Solution” award from MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global health and medical technology market.

2bPrecise Wins Second Consecutive “Best Overall Genomics Solution” Award In Annual MedTech Breakthrough Awards Program
2bPrecise (@2bPrecise), a provider of precision medicine solutions, announced it has once again been selected as the winner of the “Best Overall Genomics Solution” award in the fifth annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global health and medical technology market.

Fortified Health Security Named “Best Overall Healthcare Cybersecurity Company” in 2021 MedTech Breakthrough
Fortified Health Security (@FortifiedHITSec), Healthcare’s Cybersecurity Partner® (“Fortified”), announced that it has been selected as the winner of the “Best Overall Healthcare Cybersecurity Company” award in the fifth annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global health and medical technology market.

Cotiviti’s Information Technology Team Rated at Elite CMMI Level 3 Designation
The IT Infrastructure Service Delivery and Transformation team at Cotiviti (@Cotiviti), a provider of data-driven healthcare solutions, has been rated at level 3 of the CMMI Institute’s Capability Maturity Model Integration. The appraisal was performed by ATKOTT, Inc. Achievement of this maturity level places Cotiviti in an elite group of organizations that have been found to have met the CMMI model’s standards of efficient and effective delivery of quality service offerings that meet market and customer needs.