Health IT Business News – May 9, 2019

Collaboration News

HCPro Partners with Artifact Health to Provide Compliant, Time-Saving Clinical Documentation Improvement Templates for Provider Queries
Artifact Health, which provides the first and only mobile platform that streamlines the physician query process, announced that it has partnered with HCPro (@hcpro_inc) to provide and maintain a comprehensive library of compliant clinical documentation improvement (CDI) physician query templates. Artifact’s HIPAA-compliant, cloud-based platform engages physicians, CDI specialists and coders with an easier and faster process to drive improvements in hospital and physician coding accuracy and publicly-reported quality measures.

Leading Prenatal App Babyscripts Announces Innovation Partnership With Cone Health
Babyscripts (@babyscripts), a virtual care platform for managing obstetrics, has expanded its partnership with Cone Health (@conehealth). Cone Health is a leading not-for-profit network of health care providers in North Carolina. The expanded partnership seeks to develop new digital modules to improve access to high-quality pregnancy care for risk-specific populations.

Financial News

DrFirst Structures a New $17 Million Commercial Financing Facility with SunTrust
DrFirst (@DrFirst), a provider of e-prescribing, price transparency, and medication management solutions, announced that it has structured a new $17 million commercial financing facility with SunTrust Banks, Inc. The financing extends DrFirst’s strategic relationship with SunTrust Banks, a partnership which initially began in 2015.

Bailey Southwell & Co, Advises Tellus on Series B Financing Round
Bailey Southwell & Co. (@bsc_ib), a Nashville-based healthcare and tech-enabled services investment bank, is pleased to announce it served as exclusive financial and strategic advisor to Tellus, LLC (@TellusLLC) in connection with the company’s Series B capital round. Tellus is a provider of Electronic Visit Verification (“EVV”) technology solutions to the home health and long-term care markets. The company plans to use the proceeds to support its continued growth as a premier national EVV solutions provider. Carroll Capital LLC (“Carroll Capital”) led the Series B capital round with participation from existing and new investors. Debt capital was provided by the Canadian Imperial Bank of Commerce (“CIBC”).

Microsoft is closing its HealthVault patient-records service on November 20
ZDNet reports that Microsoft is dropping its HealthVault patient records-management service, the company notified customers via email today, April 5. The service will be shut down on November 20 and any data residing in the service will be deleted after that date.

Ablacon, Inc. Raises $21.5M Series A to Advance AI-Enabled Atrial Fibrillation Mapping System
Ablacon, Inc., a Wheat Ridge, CO-based company developing an advanced mapping system to guide the treatment of atrial fibrillation (AFib), announced the closing of a $21.5 million Series A financing round led by Ajax Health. Ablacon’s novel algorithm uses artificial intelligence (AI) to analyze and visualize the flow of action potentials, or Electrographic Flow, within the heart in order to identify sources and drivers of AFib, the most common cardiac arrhythmia worldwide. The map of the Electrographic Flow can help to guide physicians in targeted catheter ablation therapy. The company will use the Series A funding to advance its technology pipeline and finance clinical trials.

Theator Raises $3M Seed Round to Enhance Surgical Performance and Reduce Medical Errors With Artificial Intelligence
Theator, the AI-powered surgical decision support company, announced the close of a $3M funding round led by StageOne, iAngels and KdTVC. Theator is helping surgeons enhance capabilities and reduce medical errors by leveraging machine learning and computer-vision to identify, optimize and scale dissemination of best practices. While most companies at the intersection of healthcare and AI are working on static images such as x-rays and CTs for diagnostics, Theator is working to leverage video – a critical missing piece in the sector.

iCoreConnect Acquires Assets of ClariCare Inc.
iCoreConnect Inc., a publicly-traded cloud-based software and technology company providing secure communication and healthcare practice management, announces its acquisition of the assets of ClariCare Inc. ClariCare is a provider of cloud-based software that helps dental offices optimize and manage the most critical functions in the practice.

Q1 Hospital Merger and Acquisition Activity Remains Vigorous, Kaufman Hall Reports
Twenty-seven mergers involving hospitals and health systems were announced in the first quarter of 2019, according to the latest analysis by Kaufman Hall, a leading provider of enterprise performance management software, and data and management consulting services, including a vibrant mergers and acquisitions practice. While down slightly from 30 transactions announced in the first quarter of 2018, activity generally was consistent with levels seen in recent years, which have been among the most active on record.

eMDs Selects Alpha II’s ClaimStaker™ Clinical Claim and Encounter Scrubbing Solution
eMDs, a provider of electronic health record (EHR) and practice management (PM) software and revenue cycle management (RCM) services to over 63,000 providers announced an exclusive partnership with Alpha II, LLC (@Alpha_II), a developer of software-as-a-service (SaaS) solutions that support healthcare reimbursement. Through the terms of the agreement, eMDs will integrate Alpha II’s ClaimStaker™ clinical claim and encounter scrubbing solution into all eMDs EHR, practice management and revenue cycle management platforms. Through EHR integrations, Alpha II is being embedded within the clinical workflow allowing for real-time remediation of errors or omissions.

Imprivata Introduces IAM Cloud Platform for Healthcare Supported by Microsoft
Imprivata® (@Imprivata), the healthcare IT security company, announced that it will unlock the power of the cloud for clinical users by creating the first end-to-end Identity and Access Management (IAM) Cloud Platform for healthcare in collaboration with Microsoft. The Platform, anchored by Imprivata’s leading solution portfolio and commitment to building trusted digital identities, and the world-class scale and security of Microsoft’s cloud identity platform, Azure Active Directory, will address the unique challenges that healthcare customers face along the digital transformation journey.

Contract News

Woman’s Hospital launches smartphone-access patient charts
Rather than wheeling clunky workstations in and out of patient rooms, nurses can now use a smartphone or tablet to access patient information and administer medications using barcode scanners, Woman’s Hospital recently announced. The Baton Rouge hospital says it is the second hospital to implement Meditech’s Expanse Point of Care app system.

Product News

MEDITECH Announces Professional Services
MEDITECH (@MEDITECH), a provider of Enterprise Health Records (EHR), announced the formation of a new division dedicated to offering a range of Professional Services designed to optimize and maximize its Expanse EHR. Celebrating its 50th year of providing innovative software technology, MEDITECH will expand its portfolio by offering more services to its customers.

MobileSmith Health and Kaweah Delta Medical Center Team-Up on Development of Surgery App
MobileSmith Health (@TheMobileSmith), a company in the digital health and mobile development sector that is reshaping traditional healthcare, announced the collaboration with Kaweah Delta Medical Center on the release of a surgery app that provides patients and caregivers with timed notifications, digital trackers and interactive resources about what to expect before, during and after surgery.

Modernizing Medicine’s Otolaryngology EMR Helps Fill a Gap in the Allergy EHR Market
Specialty-specific healthcare information technology company Modernizing Medicine® (@modmed) announced the release of its enhanced allergy solution, now available within the EMA™ electronic health record (EHR) system. This latest enhancement enables allergists and otolaryngologists – ear, nose and throat (ENT) specialists – to more easily record allergy testing and serum mixing data into the otolaryngology EMR system, adding to the already robust medical content included for allergy, asthma and immunology diagnoses.