Health IT Business News – May 23, 2019

Collaboration News

DrChrono Partners with HealthFeed to Provide Feature-Rich Patient Education Module to EHR
DrChrono Inc. (@drchrono), a provider of electronic health record, practice management, medical billing and revenue cycle management, and HealthFeed, a multichannel, embedded patient engagement platform, have partnered together so providers will have access to over 10x more educational content within the DrChrono EHR platform.

Myndshft and VisiQuate Partner to Deliver Enterprise Self-learning RCM Solutions
Myndshft (@myndshft) and VisiQuate (@VisiQuate) announced a partnership that will deliver a comprehensive, end-to-end revenue cycle management and healthcare administration solution that combines the ability to automatically detect and fix issues on the front-end with the capacity to mine multi-dimensional analytics and reporting on the back-end.

Cerner To Work with DrFirst to Connect to State Prescription Drug Monitoring Programs
Cerner (@Cerner), a global health platform and innovation company, and DrFirst (@DrFirst), a provider of medication management and data solutions, are working together on a new and innovative offering to help providers tackle the opioid epidemic. By streamlining the connection from a person’s electronic health record (EHR) to each state’s prescription drug monitoring program (PDMP) database, physicians will have nationwide access to patient prescription drug information.

Financial News

JPMorgan Chase to Acquire InstaMed to Expand Capabilities in Healthcare Payments
JPMorgan Chase & Co. (@jpmorgan) announced its plan to acquire InstaMed (@InstaMed), a U.S. healthcare technology company that specializes in healthcare payments. The acquisition will expand the bank’s suite of payment services designed specifically for healthcare consumers, providers, and payers. InstaMed’s secure, centralized platform alleviates a number of challenges in the healthcare payments industry, with particular focus on eliminating paper, improving the consumer financial experience, and reducing costs to collect payments.

CynergisTek’s Second Quarter Renewals and Contract Expansions Exceed Firm’s Expectations
CynergisTek, Inc., (@cynergistek), a healthcare cybersecurity, privacy, and compliance company, announced that, it has experienced a strong start to the second quarter by experiencing a 100% renewal rate for its Compliance Assist Partner Program (CAPP) customer contracts, including several hospitals such as Martin Luther King Jr. Community Hospital in Los Angeles, CA and Legacy Community Health in Houston, TX. Additionally, several of CynergisTek’s CAPP customers expanded their relationship by adding on additional privacy and cybersecurity services and offerings, including Patient Privacy Monitoring Services (PPMS) and Virtual Chief Information Security Officer (vCISO). This 100% renewal rate and service expansion highlights the value and benefit CynergisTek continues to provide to healthcare entities on an ongoing basis.

BHE Secures $78 Million in Growth Funding Led by Silversmith Capital Partners and LTP
BHE, a healthcare analytics company, announced a $78 million minority growth investment led by Silversmith Capital Partners (“Silversmith”) and Leerink Transformation Partners (“LTP”). The new funding will accelerate the development and market expansion of BHE’s flagship Instant Health Data (IHD) platform, the market-leading real-world evidence (RWE) analytics solution currently being used by over two dozen major life science and research organizations.

HEALTH[at]SCALE Secures Strategic Investment to Advance Precision Delivery of Healthcare with Predictive Machine Intelligence
HEALTH[at]SCALE, the leader in machine intelligence for care optimization, announced a strategic investment of $16 million in Series A funding.

Contract News

KPMG, Waystar To Connect Social Determinants Of Health Data To Clinical Intelligence Platform
Harnessing information tied to social determinants of health (SDOH) can help overcome obstacles to medical treatment and affect outcomes, leading the KPMG Clinical Intelligence (KCI) platform for healthcare organizations to include Waystar’s (@Waystar) SDOH data to help with coordination of care, the companies announced.

Great Lakes Medical Imaging Selects NextGate as Patient Matching Partner to Support Integrated Clinical and Diagnostic Decision-Making
NextGate (@NextGate), a healthcare enterprise identification company, announced it has been selected as the vendor of choice by Great Lakes Medical Imaging (GLMI), one of the largest diagnostic imaging services provider in Western New York, to provide unprecedented patient record matching accuracy for informed clinical-decision making and improved care team effectiveness. NextGate will implement its cloud-based Enterprise Master Patient Index (EMPI) technology to support GLMI’s growing radiology network with a single, consolidated view of a patient’s clinical data and imaging files.

Baystate Health Chooses Artifact Health to Scale Clinical Documentation Improvement Initiatives
Artifact Health (@ArtifactHealth), which provides the first and only mobile platform that streamlines the physician query process, announced that Baystate Health has selected Artifact’s mobile query solution to improve workflow for its clinicians and expedite the accurate coding of patient records. Artifact will be rolled out as part of Baystate Health’s strategy to expand Clinical Documentation Improvement (CDI) initiatives across its health system.

Product News

Definitive Healthcare Expands Commercial Claims Platform to Include Rx Data
Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, announced the EXPANSION OF ITS ALL-PAYOR COMMERCIAL CLAIMS PLATFORM with the addition of prescription drug (Rx) claims datasets. With this integration, Definitive Healthcare provides users with instant access to the broadest and most representative view of the healthcare market available, through combining claims data with proprietary intelligence on healthcare providers.