Virta Health shows that virtue may not be its own reward, you need some cash too, as it raises $45 million to support its program that claims to reverse Type 2 diabetes by lifestyle changes.
https://blog.virtahealth.com/virta-health-raises-45-million-to-expand-treatment-for-type-2-diabetes-reversal/A commentary in the New England Journal of Medicine takes on the myth that medical costs are causing large numbers of consumers to go bankrupt.
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Genae, which provides clinical trial services to medical device firms, is buying data management firm Hilbert Paradox for an undisclosed amount, solving a conundrum.
https://www.fiercebiotech.com/cro/medical-device-cro-genae-buys-health-data-management-company?mkt_tok=eyJpIjoiT0RkaVpqSTFNMk14TURneCIsInQiOiJxbnBaak1nRW92b24xRkpVSzZBazFsR2YxQjhLQXNVMDVzYzMyXC9UWW04N1BRXC91b2ZsV2owNjlKVmR5K0xcLzJlZituWTM1KzdBckJ6QlwvaHY5V2o1UXdUVUlibTg2NzVYaFpKcHVtUnp6T1RIcXFlemZETDM2SnhWdFhNSHdoOGIifQ%3D%3D&mrkid=635530A report from Fair Health summarizes trends in use of different sites of care and pricing at those sites.
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General Electric is selling part of its health care information technology business to a PE firm for $1.05 billion. The unit sells staffing, revenue cycle and practice management software and was originally cobbled together when GE intended to compete with large health IT firms.
https://www.reuters.com/article/us-ge-restructuring/ge-healthcare-to-sell-it-unit-to-veritas-for-1-05-billion-idUSKCN1H91HEToday's post is a slight rant regarding the constant nonsense that technology will change health spending.
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Accolade garners plaudits from investors, who shower it with $50 million in new capital for its patient advocacy platform, although you read the press release and tell me if you understand what they actually do from the gibberish contained therein.
https://www.prnewswire.com/news-releases/accolade-announces-50-million-in-financing-supports-solution-innovation-and-growth-to-more-than-11-million-members-300621824.htmlAn Avalere analysis finds that accountable care organizations are probably costing Medicare money.
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A report from the University of California School of Public Health details the substantial increase in concentration among California health care providers and the effects of that consolidation.
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In a case that just proves that investors will throw good money after bad, Oscar Health has raised an additional $165 million in financing to fund its ongoing losses in the health plan market.
https://medcitynews.com/2018/03/oscar-health-raises-165m-round-health-insurance-startups-valuation-grows/?utm_campaign=MCN%20Daily%20Top%20Stories&utm_source=hs_email&utm_medium=email&utm_content=61689082&_hsenc=p2ANqtz-9CgN_ESMVYFcm5vYMxCiqfCa8sFIBfOCB7ZaMqMWlNCns0FNdtzkcXhBwCKpy4O3rV5PQU-PwyzWgAeOnByFXzskxGGBBBPESlJDuAjLMYRklIK7o&_hsmi=61689082&rf=1About this Blog
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.
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