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Avesi Partners Closes $1.35B Fund for Healthcare and Business Services Investments
– Avesi Partners LLC (“Avesi” or the “Firm”), a private equity firm specializing in healthcare and business services, announced today the successful closing of Avesi Partners Fund II LP (“Fund II”) at $1.35 billion. – Headquartered in Stamford, Connecticut with an office in Richmond,...
Courier Health Raises $16.5M for First Patient CRM for Biopharma
– Courier Health, a technology company transforming patient experiences in the life sciences industry raises $16.5M in Series A funding led by Norwest Venture Partners with participation from existing investor Work-Bench. – The investment fuels Courier Health’s mission to provide biopharma companies with the tools to manage and personalize the...
Innovaccer, P3 Health Partners Team Up to Drive Value-Based Care for Medicare Patients
– Innovaccer Inc., a healthcare AI company, and P3 Health Partners (NASDAQ: PIII), a patient-centered population health management company, today announced a strategic partnership focused on revolutionizing care delivery for Medicare patients. – By leveraging AI and data-driven insights, Innovaccer and P3 Health Partners aim to transform healthcare delivery for...
SAIGroup Acquires Get Well to Power Personalized Care with AI
– Enterprise AI investment firm SAIGroup announced today the acquisition of Get Well, a leader in digital patient engagement. – Get Well currently facilitates over 10 million patient interactions annually across more than 1,000 healthcare organizations. Financial details of the acquisition were not disclosed. Aligning with AI Leaders in Healthcare.
UVM Health Network Selects Abridge AI to Boost Clinician Satisfaction by 53%
– Abridge, a leader in generative AI for clinical documentation, announced an enterprise-wide agreement with The University of Vermont Health Network. This integrated academic health system, serving over one million patients in Vermont and northern New York, selected Abridge following a comprehensive evaluation process involving 50 primary care providers assessing multiple solutions.
Healthcare Identity Crisis: How CIAM Saves Lives in the Digital Age
In today’s rapidly evolving healthcare landscape, the shift towards digital services isn’t just about convenience; it’s crucial for effectively maneuvering patient care and saving lives. But it’s easier said than done given the unique challenges healthcare organizations have to deal with in managing patient identification and data access. Moreover, the introduction of new regulations and the demand for sophisticated digital solutions, accelerated by the COVID-19 pandemic, have put further pressure on healthcare organizations to rethink and redefine their approach to digital identity management.
Digital Health Funding Surges TO $5.7B in Early 2024 Despite Market Jitters, Rock Health Reports
– The digital health industry is showing signs of strength despite recent economic uncertainties, according to Rock Health’s latest H1 report. – U.S. digital health startups raised a significant amount in the first half of 2024 ($5.7B), with the potential to exceed full-year totals from 2019 and 2023. This growth is fueled by strong Series A activity, with a median deal size of $15M, indicating larger investments for early-stage companies.
KLAS: Healthcare Organizations Prioritize EHR Initiatives Despite Fewer Purchases in 2023
– Healthcare organizations worldwide continue to prioritize implementing Electronic Health Record (EHR) systems, according to a new report by KLAS. While the total number of finalized EHR purchases in 2023 dipped slightly below the average for recent years, the number of hospitals impacted by these decisions reached a five-year high due to several large regional contracts.
M&A: HHAeXchange Acquires Generations Homecare System
– HHAeXchange, a provider of homecare management solutions, announced today the acquisition of Generations Homecare System. – Generations offers a comprehensive software solution designed to streamline operations, improve care team collaboration, and ensure compliance for homecare agencies. The strategic move reinforces HHAeXchange’s position as a frontrunner in the homecare technology space.
Why Precision Medicine Demands a Completely New Type of Database
Precision medicine is revolutionizing healthcare – by optimizing the efficiency and therapeutic benefit for particular groups of patients, especially by using genetic or molecular profiling. This approach enables a range of health disciplines, including disease prediction, prevention and the resulting treatments, diagnostic screening for prenatal and newborns, and screening for rare diseases and cancer types. For life sciences, the ability to peer into high-resolution molecular profiles has opened up the way we hunt for new drugs and targets.
Teladoc Health Announces Executive Leadership Change
– Teladoc Health, Inc. has announced a significant change in its executive leadership structure. Laizer Kornwasser, President of Enterprise Growth and Global Markets, has been terminated without cause as part of a reorganization of the company’s executive reporting structure. This change will take effect on July 1, 2024. –...
The Crucial Role of Patient-Level Data in Elevating Healthcare Outcomes
In today’s healthcare landscape, patients are more informed than ever before, thanks to easy access to online resources and a growing focus on patient education. This shift has transformed how healthcare is communicated, fostering a new era of personalized care and stronger connections in the industry. Taking center stage amidst such advancements is patient-level data that is being increasingly leveraged for enhanced care quality and strengthened patient-provider relationships.
AI Ushers in New Era of Global Healthcare Equity and Efficiency
– The global healthcare landscape is undergoing a transformative shift. Digital innovation, particularly the integration of Artificial Intelligence (AI), is emerging as a powerful tool to improve access, quality, and affordability of healthcare worldwide. – A recent white paper by the World Economic Forum, in collaboration with leading organizations, highlights...
Walmart Seeks Buyers for Shuttered Health Clinics After Failed Expansion
– Retail giant Walmart is reportedly shopping around a potential sale of its recently closed health centers, according to a recent Fortune report citing unnamed sources. – The news comes just a few months after Walmart announced the closure of all 51 of its health clinics in late April. Financial...
AI Nurses: The Solution to the Nursing Shortage and Beyond
The healthcare sector is rapidly adopting AI to help improve disease detection and patient care along with delivering efficiency gains. The technology’s potential is fueling an array of investments and innovations in everything from cancer diagnosis to AI nurses. With respect to AI nurses, many believe this application is the only way to ease the industry’s staffing shortages.
Cano Health Emerges from Chapter 11, Focused on Florida Market
– Cano Health, a value-based primary care provider, announced today that it has successfully exited Chapter 11 bankruptcy as a reorganized private company. – The emergence follows a strategic restructuring aimed at improving the company’s financial health and optimizing operations. Key Achievements of the Restructuring. Debt Reduction: Cano Health...
AdvancedMD Summer Release Streamlines Revenue Cycle, Enhances EHR and Patient Engagement
– AdvancedMD, a provider of cloud-based healthcare software for independent practices, recently unveiled its 2024 summer product release. – The update boasts over 30 new features designed to enhance efficiency, improve productivity, and ultimately, boost revenue for medical practices. Seamless Payment Processing Takes Center Stage. The centerpiece of the release...
New Hope for Early Alzheimer’s: FDA Approves Kisunla to Slow Disease Progression
– Eli Lilly’s Kisunla™ (donanemab-azbt) has been approved by the FDA as a treatment for adults in the early stages of Alzheimer’s disease (AD), including those with mild cognitive impairment (MCI) and mild dementia, who have confirmed amyloid plaque buildup in the brain. – The FDA approval...
Hummingbird Healthcare Secures $10M to Streamline Patient Access, Create Jobs
– Hummingbird Healthcare Inc., a tech-driven healthcare services company raises $10M in Series A funding led by UCHealth, a leading Colorado-based health system and existing investor. The round also included participation from CU Healthcare Innovation Fund, 8VC, and Gaingels. – With this new funding, Hummingbird is poised to expand its...
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