What You Should Know: - Ventricle Health - a new national, virtual cardiology clinical reimagining cardiac care delivery - raises $8M in seed funding led by RA Capital and Waterline Ventures. - This company will used the seed funding to expand Ventricle Health’s heart failure management therapeutic model in collaboration with value-based care provider groups and payers, which can reduce the overall average annual cost of heart failure care by at least 30-50%. Virtual
Read More
HeartX Accelerator Announces 5 Startups for 2023 Program
What You Should Know: - HeartX, a digital health accelerator powered by HealthTech Arkansas and MedAxiom along with eleven leading cardiology practices in Arkansas and around the country — has selected the five healthcare companies that will participate in the 2023 accelerator program. - HeartX is a cardiovascular-focused healthcare accelerator that facilitates guaranteed hospital pilot projects and clinical trials for accomplished, early-stage companies bringing new cardiovascular
Read More
M&A: OptimizeRx to Acquire Medicx Health for $95M
What You Should Know: OptimizeRx, a provider of healthcare technology solutions announced it has signed an agreement to acquire Scottsdale, Arizona-based Healthy Offers, Inc., dba Medicx Health, a healthcare consumer-focused omnichannel marketing and analytics company. - OptimizeRx will acquire Medicx for $95M, and certain members of Medicx’s management plan to invest approximately $10.5M of their proceeds into the Company’s common stock. The cash component of the acquisition is
Read More
Prevounce Health Closes $7M to Scale Remote Care Management Solutions
What You Should Know: - Prevounce Health, a provider of remote care management software, devices, and services closes $2.5M in new Series A funding led by Cloud Hill Partners and Michael Hammond, former co-founder of Hammond Hanlon Camp LLC and H2C Securities, with participation from additional returning investors. - The company has now raised $7M in total Series A funding and will use the Series A funding to advance its product and service offerings and scale its team to meet growing
Read More
KLAS Unveils 2023 Top 20 Emerging Solutions
What You Should Know: KLAS Research presented the 2023 KLAS Top 20 Emerging Solutions awards at HLTH 2023, highlighting the top 20 emerging healthcare solutions with the greatest potential to disrupt and improve healthcare. Selected by healthcare leaders working with KLAS, the solutions were rated on how well they could advance the “Quadruple Aim of Healthcare” – improve outcomes, reduce the cost of care, improve the patient experience, and improve the clinician
Read More
Capital Rx Closes $50M to Expand Pharmacy Benefits Administration Platform
What You Should Know: - Capital Rx, an NYC-based full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) raised $50M with participation from more than 10 of the leading health systems in the nation, including Atlantic Health System, Banner Health, Hawai’i Pacific Health, Inova Health System, Lehigh Valley Health Network, Memorial Hermann Health System, Nebraska Medicine, Novant Health, Ochsner Health, and WellSpan Health, among others, as well as
Read More
Mount Sinai, UCSD Awarded $8.5M to Establish Data Integration Hub
What You Should Know: - Researchers at the Icahn School of Medicine at Mount Sinai and the University of California San Diego have been awarded an $8.5 million grant to create a data integration hub aimed at accelerating novel therapeutics and cures for diseases within initiatives supported by the National Institutes of Health (NIH) Common Fund. - NIH Common Fund programs are large-scale projects designed to collect cutting-edge biomedical research data from human cells, tissues, and
Read More
Health M&A: Financial Distress Driving Q3 Healthcare Deals
What You Should Know: - More than one-third of hospital and health system transactions announced in Q3 2023 involved a party that cited financial distress as a transaction driver, according to Kaufman Hall’s latest mergers and acquisitions (M&A) report. The reports reveal third quarter M&A activity remained high with 18 announced transactions resulting in $8.2B in total transacted revenue. - Kaufman Hall experts say transaction activity is regaining momentum as hospitals,
Read More
Rev Cycle M&A: Access Healthcare Acquires Envera Health
What You Should Know: - Access Healthcare, a provider of revenue cycle management (RCM) and healthcare services, announced the acquisition of Envera Health, a market leader in patient engagement services. - This acquisition, a testament to Access Healthcare’s focus on providing innovative and superior revenue cycle solutions, broadens its service portfolio to include enhanced patient engagement capabilities. Acquisition Stregthens Access Healthcare’s RCM Services By
Read More
Walmart Expands Virtual Primary Care to Associates & Families
What You Should Know: - Walmart announced it is expanding virtual primary care, building on the traditional telehealth service for occasional sick visits for Walmart associates and their families. - As part of this expansion, virtual care options for digestive health and physical therapy will also be available, including some basic at-home lab work early next year. Most virtual health care benefits are available at no cost to associates and their families ($0
Read More
