CloudMD Divests Non-Core U.S. Electronic Medical Records and Practice Management Business
CloudMD Software & Services Inc. (CloudMD), an innovative health services company transforming the delivery of care, today announced that it has closed the sale of its U.S.-based Electronic Medical Records (EMR), Practice Management (PM), and Revenue Cycle Management (RCM) assets for approximately US$6.3 million. The sale was pursuant to a definitive agreement with a subsidiary of N. Harris Computer Corporation (Harris) and follows the sale of CloudMD’s Canadian EMR business in October 2022. Karen Adams, CEO at CloudMD, commented, “We continue to successfully execute our strategy of focusing on our higher growth an...
Source: EMR and HIPAA - July 25, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Cassels Brock & Blackwell LLP CloudMD CloudMD Software & Services Inc. EMR Harris Health IT Acquisitions Healthcare M&A INFOR Financial Inc. Karen Adams N. Harris Computer Corporation Source Type: blogs

Optimum Healthcare IT Acquires eCloud Managed Solutions
Acquisition Expands Optimum’s Cloud Services Team and Capabilities Optimum Healthcare IT, a Best in KLAS healthcare IT staffing and consulting services company, announced today that it has acquired eCloud Managed Solutions. Founded in 2016, Milton, GA-based eCloud Managed Solutions is a woman-owned organization that guides its clients through the evaluation, selection, migration, and operational processes to better support business requirements in the public cloud. Since its founding in 2012, Optimum Healthcare IT has been recognized as an industry leader in EHR advisory, implementation, training, activation, and staff a...
Source: EMR and HIPAA - July 24, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Amazon Web Services AWS Brian Symonds eCloud Managed Solutions Eric Sanders Health IT Acquisitions Healthcare M&A Optimum Optimum Healthcare IT Trustpoint Solutions Source Type: blogs

The corporatization of medicine: Part two
2016 was in fact the first year in which fewer than half of physicians had an ownership stake in their practice, based on a survey by the American Medical Association.[i] The pace of acquisition of practices by hospitals and health systems during this period was astonishing. From 2014-2018, just four years, corporate ownership of practices increased from 24.1% to 45.6% of all physicians in a nationally representative sample. After selling out, physicians actually experienced a reduction in their income.[ii]The evidence that increasing concentration of medical services is associated with higher prices is consistent and exte...
Source: Stayin' Alive - July 21, 2023 Category: American Health Source Type: blogs

The corporatization of medicine: Part One
This will be a multi-part series. The days of independent community hospitals and small physician practices are just about over. Paul Starr ’s famous book The Social Transformation of American Medicine tells the story of rise of a “sovereign” medical profession, consisting largely of entrepreneurs who owned their own individual or small group practices and made their living as independent business people. They were generally suspi cious of alternative models such as large group practice and salaried employment. But recent decades have been marked by one overarching trend: the consolidation of the medical institu...
Source: Stayin' Alive - July 20, 2023 Category: American Health Source Type: blogs

High Vendor Churn May Be On the Horizon in Healthcare
During the COVID-19 pandemic, dozens of technologies were rapidly acquired and deployed by healthcare organizations like telehealth, remote patient monitoring and digital patient intake. According to a new report from Panda Health, now that the pandemic has subsided, organizations are revisiting those purchase decisions. Seven solution categories were identified as likely to experience moderate to high levels of churn in the next two years. Healthcare IT Today sat down with Ryan Bengtson, President and COO at Panda Health to dive deeper in to their Great Shakeup Report. Pandemic Drove Rapid Health IT Adoption According to ...
Source: EMR and HIPAA - July 18, 2023 Category: Information Technology Authors: Colin Hung Tags: Ambulatory Healthcare IT Hospital - Health System Revenue Cycle Management Telemedicine and Remote Monitoring Health IT churn healthcare vendor consolidation Panda Health Ryan Bengtson Telehealth The Great Shakeup Report vendor churn Source Type: blogs

Digital Transformation Relies on Data Center Storage
The following is a guest article by Ken Parent, CEO at Element Critical As the healthcare landscape continues to evolve, there has been significant disruption to budgets, manpower, and resources throughout healthcare facilities. From the bedside to the back office, healthcare professionals and administrative employees are consistently asked to do more with less. At the same time, healthcare systems must meet the rising demand from patients for a personalized, tech-enabled care experience. In fact, digital transformation has become more than a buzzword and includes new ways to provide value to staff and patients. 77% of hea...
Source: EMR and HIPAA - July 12, 2023 Category: Information Technology Authors: Guest Author Tags: Analytics/Big Data C-Suite Leadership Health IT Company Healthcare IT Hospital - Health System IT Infrastructure and Dev Ops AI Colocation Data Center Storage Data Centers Digital Transformation EHR Element Critical Huron Ken P Source Type: blogs

Health Tech Startup, Outbound AI, Completes $16M Raise to Accelerate Growth of AI Agents Performing Administrative Tasks
Purpose-Built to Augment Human Talent, the Company’s Virtual Agents and Software Consoles have Gained Widespread Popularity Among Healthcare Providers and Service Organizations Nationwide, Uniquely Leveraging Conversational AI, Generative AI, and Machine Learning to Maximize Workforce Performance and Job Satisfaction Never have healthcare’s administrative burdens been so acute than in the face of post-pandemic resource and budget constraints, which is why demand is on the rise for Outbound AI‘s pioneering virtual agents and software consoles powered by its proprietary Conversation AI Cloud. The tech start...
Source: EMR and HIPAA - July 11, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Ascend Epic Ventures Health IT Funding Health IT Fundings Health IT Investment Jonathan Wiggs KCRise Fund Kirsten Morbeck Locke Capital Madrona Venture Group Microsoft Corporation Nuance Communicat Source Type: blogs

Aya Healthcare Acquires Flexwise Health, Amplifying Workforce Optimization Capacity and Cost Savings through Predictive Analytics
Aya Healthcare, the largest healthcare talent software and staffing company in the U.S., today announced its acquisition of Flexwise Health. Through sophisticated analysis of hundreds of thousands of data points, Flexwise technology forecasts gaps in patient demand and staffing levels to assist hospitals in optimizing resource allocation and cost. Predictive recommendations enable real-time insights for staffing decisions while providing visibility to workforce capacity months into the future. “We’re excited to offer Flexwise to help healthcare systems reduce labor costs by using the power of predictive analyti...
Source: EMR and HIPAA - July 3, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT AHA AHA Innovation Development Fund Alan Braynin American Hospital Association Aya Aya Healthcare Doug Shaw Flexwise Flexwise Health Health IT Acquisitions Healthcare M&A Kevin Godsey Predictive Source Type: blogs

Apixio and ClaimLogiq Merge to Create a Leading Connected Care Platform
New Mountain Capital Leads Follow-On Investment to Enable the Merger Eir Partners Provides Additional Capital to Support the Transaction Apixio, an artificial intelligence company that supports health plans and provider groups in their delivery of value-based care, announced today that it has completed its merger with ClaimLogiq, a healthcare technology business that delivers savings for health plans by reducing claim errors prior to payment. Together, the combined entity will be branded as Apixio. The merger creates a leading healthcare data and analytics company powered by an advanced AI-driven platform that applies both...
Source: EMR and HIPAA - June 30, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT AI Apixio Brett Carlson ClaimLogiq Eir Partners Health IT Acquisitions Healthcare Data Healthcare M&A J.P. Morgan Securities LLC Matt Holt New Mountain New Mountain Capital Ropes & Gray LLP Sac Source Type: blogs

ibml Acquires Exela Technologies ’ IntelliScan Smart Scanning Solutions
Acquisition Positions ibml as the Clear Leader in the High-Volume Digitization Market Imaging Business Machines LLC (ibml), a global market leader in high-volume, mission-critical digitization and intelligent document processing (IDP) solutions, today announced the acquisition of Exela Technologies‘ IntelliScan Smart Scanning Solutions (Intelliscan). The acquisition provides ibml with an enhanced portfolio of products and expanded service coverage to meet high-volume digitization needs of customers. ibml will acquire the assets of the high-volume scanner and North America hardware maintenance businesses of Exela Te...
Source: EMR and HIPAA - June 27, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Exela Exela Technologies Health IT Acquisitions Healthcare M&A ibml IDP Imaging Business Machines LLC Intelligent Document Processing IntelliScan IntelliScan Smart Scanning Solutions Martin Birch Source Type: blogs

SpendMend Acquires Rebate Insight to Expand Suite of Healthcare Cost-Cycle Optimization Solutions
The Acquisition of Rebate Insight Provides SpendMend with Advanced Rebate Management Automation Tools to help Healthcare Organizations Maximize Rebate Earnings and Reduce Supply Costs SpendMend, a leading provider of solutions to optimize the cost-cycle for the healthcare industry, today announced the successful completion of its purchase of Rebate Insight, a software solution provider that streamlines the management and optimization of rebates for healthcare organizations. Rebate management is an essential part of reducing the overall cost of supplies, leading to better operating margins and improved cash flow for health...
Source: EMR and HIPAA - June 20, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Adam Thunell Automation Community Memorial Health System Dan Geelhoed Health IT Acquisitions Healthcare Data Healthcare M&A Jonas Langvad Rebate Insight Rebate Management Reducing Costs SpendMend Source Type: blogs

The Rise of Chat in Healthcare and Remaining Concerns
The following is a guest article by David Dyke, Chief Product Officer at Relatient Hybrid Chat Facilitates Hands-On Patient Interaction and Eases Administrative Burden through Automation Chat technology is beginning to be embraced by healthcare organizations to better serve patients, reduce staff burnout, increase internal efficiencies, and improve the overall patient experience. Although widely used in many other industries, its adoption is just beginning to take off in healthcare. In fact, as healthcare leaders increasingly prioritize patient access, chat’s success in other businesses has spurred the rapid onboarding o...
Source: EMR and HIPAA - June 19, 2023 Category: Information Technology Authors: Guest Author Tags: Administration AI/Machine Learning Ambulatory Communication and Patient Experience Health IT Company Healthcare IT Hospital - Health System LTPAC Administrative Burden Administrative Workflows Arkansas Children’s Hospital Auditing Source Type: blogs

Wolters Kluwer Acquires U.S. AI-Enabled Drug Diversion Detection Software
Technology Leader Seeks to Help Tackle Growing Drug Diversion Challenge in the U.S. Wolters Kluwer Health today announced it has signed and completed the acquisition of Invistics Corporation (Invistics), a U.S.-based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance. Invistics will join the company’s Clinical Surveillance, Compliance & Data Solutions unit, part of Clinical Solutions. Invistics’ solution, Flowlytics, uses predictive analytics to detect illicit diversion of both controlled and non-controlled medications in patient care settings such as ho...
Source: EMR and HIPAA - June 16, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Clinical Solutions Clinical Surveillance Compliance & Data Solutions Unit Controlled Substance Compliance Diversion Investigation Drug Diversion Drug Diversion Detection Flowlytics Health IT Acquisitions Source Type: blogs

Sandoz/Gan & Lee Now Has Applications for Glargine, Lispro and Aspart Insulin Biosimilars on File with FDA, Expect them to come to market in early 2024.
Five years ago, back on December 19, 2018, Swiss pharmaceutical giant Novartis Pharma AG quietly issued a press release (seehttps://www.globenewswire.com/news-release/2018/12/19/1669194/0/en/Sandoz-enters-into-commercialization-and-supply-agreement-for-insulin-biosimilars-anticipating-growing-demand-as-diabetes-burden-rises.html for the release itself) on behalf of the company ' s business unit known as Sandoz. Specifically, Novartis said that its Sandoz generics unit planned to introduce biosimilars, or near-copy, versions of Sanofi ' s Lantus (glargine), Novo Nordisk ' s Novolog (aspart), and Eli Lilly ' s Humalog (lispr...
Source: Scott's Web Log - June 16, 2023 Category: Endocrinology Tags: 2023 Biosimilar biosimilars Gan & Lee insulin Sandoz Source Type: blogs

Anatomy IT Acquires IRIS Solutions to Expand Presence in Ambulatory Healthcare
Anatomy IT, the leading platform for healthcare IT and cybersecurity solutions, announced today the acquisition of IRIS Solutions, a respected and experienced leader in healthcare technology services for dental practices and healthcare providers. This strategic acquisition allows Anatomy IT to expand its presence in the ambulatory healthcare sector and bring its comprehensive suite of enterprise IT and cybersecurity solutions, resources, and technology to a broader range of healthcare clients. “Healthcare providers recognize the importance of partnering with companies that specialize in healthcare IT and cybersecurity....
Source: EMR and HIPAA - June 13, 2023 Category: Information Technology Authors: Healthcare IT News Tags: Health IT Company Healthcare IT Anatomy Anatomy IT Cybersecurity Dental Care Frank Forte Health IT Acquisitions Healthcare IT Solutions Healthcare M&A Improving Patient Care IRIS IRIS Solutions Reggie Stevens Source Type: blogs