Health IT Business News – March 14, 2019
Kyruus Reports Monumental Market Share Gains in 2018 with More Than 225,000 Providers at Nearly 500 Hospitals Nationwide Now on Its Platform
Kyruus, a provider of search and scheduling solutions for health systems, announced its results for 2018, a pivotal year in which the company doubled its year-over-year revenue for the third time in a row. Kyruus now manages over 225,000 providers on its industry-leading patient access and provider data management platform – a five-fold increase since 2015. The company added several of the leading health systems to its customer base in 2018, most recently announcing that Geisinger is now utilizing the company’s digital solution on its website. Kyruus also retained 100% of its renewable customer base and frequently expanded its work with existing customers over the course of the year.
Snowflake More Than Triples Revenue and Customer Base, Doubles Post-Money Valuation, All in just One Year
Snowflake Computing (@SnowflakeDB), the only data warehouse built for the cloud, announced another year of exponential growth. The company’s 2019 financial year, which ended January 31, delivered a multitude of successes and recognition from its customers, venture capital firms and industry experts.
Health Catalyst Secures up to $100 Million with Financing Led By OrbiMed
Health Catalyst, Inc. (@HealthCatalyst), a next-generation data, analytics and improvement company, announced the closing of a Series F equity and debt funding round led by OrbiMed, a leading healthcare public and private market investment firm. This equity and debt funding will provide Health Catalyst with access to up to $100 million in capital. Several existing investors including Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, UPMC Enterprises and Kaiser Permanente Ventures also contributed to the financing, which lifts Health Catalyst’s value above $1 billion.
Health Catalyst Becomes Utah’s New Tech Unicorn
KUTV reports that Utah has a new tech unicorn, which is the name given to a private startup company valued at a billion dollars. Health Catalyst is the latest private technology company to hit this level.
WellSky Acquires HCS, Entering Long-Term Acute Care and Inpatient Behavioral Health Markets
WellSky (@wellskyhealth), a health and community care technology company backed by TPG Capital, and Health Care Software, Inc. (HCS), a provider of integrated clinical and financial IT software for long-term and post-acute care providers, announced that WellSky has acquired HCS. HCS’s software serves providers across the spectrum of care — including long-term acute care hospitals (LTACH) and inpatient psychiatric, inpatient rehab, senior living, and long-term care facilities. With HCS, WellSky expands its extensive suite of solutions to serve an even broader range of care settings.
Prevalent Acquires 3GRC to Enhance Third-Party Risk Management Platform and Expand Internationally
Prevalent, Inc. (@prevalentnet), the only unified platform for managing third-party risk, has announced its acquisition of UK-based risk and compliance experts 3GRC. With this acquisition Prevalent plans to build upon its products, services and expertise while expanding its presence to the UK. Terms of the deal have not been disclosed.
NextGate and e4 Partner to Advance Positive Patient Identification and EHR Data Integrity
NextGate (@NextGate), a provider of healthcare enterprise identification, announced that it has entered into an exclusive arrangement with e4, a leading national provider of healthcare consulting services, to help healthcare organizations overcome the life-threatening and costly inefficiencies that result from duplicate medical records and patient identification errors.
HIMSS19: GlobalMed Announces New Microsoft Gold Partnership, Azure Availability, and Industry-First Virtual Care Business Model
GlobalMed® (@globalmed_usa) announces its Microsoft Gold Partnership as well as an innovative business model, Cost Simplified, designed to help healthcare organizations easily and affordably implement evidence-based telemedicine. The announcement coincides with HIMSS19, the largest gathering of health IT professionals in the world, taking place Feb. 11-15 in Orlando, Fla.
Rhinogram Telehealth Capabilities Now Integrated Into Cloud 9 Software Practice Management Solution
Rhinogram (@rhinogram), a provider of cloud-based, HIPAA-compliant, telehealth solutions, announced the seamless integration of their telehealth solution with the Cloud 9 practice management software. Through the collaboration with Rhinogram, Cloud 9 now offers practices the ability to communicate with patients in real-time via simple texts (SMS) and multimedia texts (MMS) or one-tap access directly from a practice’s Facebook ad, giving the practice the ability to better engage with patients while streamlining workflow.
Latin America’s Largest Managed Healthcare Provider Partners with GlobalMed
GlobalMed, an international provider of virtual care solutions, announces a strategic partnership with Meditar, the premier healthcare network in Argentina and Latin America’s largest managed healthcare company. Under the partnership, Meditar will adopt GlobalMed’s industry-leading, evidence-based eNcounter® platform and GlobalMed will help Meditar market direct-to-consumer virtual health—a relatively new concept in South America. Providers on Meditar’s network will use a Meditar-branded version of eNcounter, and patients can download Apps from the Apple Store and Google Play Store for direct access on their mobile devices for remote audio-video consults with Meditar’s doctors.
Indie Health Partners with VivoSense to Provide Advanced Insights in Chronic Disease Management and Pharmaceutical Clinical Trials
Biometric sensor provider Indie Health (@IndieHLTH) announces its partnership with data analytics specialist VivoSense, to accelerate the delivery of actionable insights and accurate monitoring of patients’ health status. Combining VivoSense software with Indie Health sensor data ensures complete data integrity and structures it within a secure, regulatory-compliant and auditable environment.
Making the Cut
Medical Groups Give CareCloud Top Ratings in Two 2019 Healthcare Industry Reports
CareCloud (@carecloud), the platform for high-growth medical groups, announced that its electronic health record (EHR) and practice management (PM) solutions were awarded top rankings from clients captured in reports by both Software Advice and Black Book Research.