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Medicare's hospital readmission penalty, which we have repeatedly described as unfair and inept, is now punishing more than half the country's hospitals, with a cumulative revenue loss of over $500 million.
http://khn.org/news/more-than-half-of-hospitals-to-be-penalized-for-excess-readmissions/
Another drug company service firm, CRO Medpace, is seeking to go public and raise as much as $151 million.
http://www.fiercebiotech.com/cro/medpace-seeks-151m-ipo-says-cro-industry-worth-31b-by-decade-s-end?utm_medium=nl&utm_source=internal&mrkid=635530&mkt_tok=eyJpIjoiWkRCaU9HSTBNek5sWVRaaiIsInQiOiJwa2Vpa1FZY05nN2V4b1hiS0dsWE42MEswMmNCVFYrMzVHRWloYVVBZnA3cFlyRU1xTVJET0NBQW9sd3JFTGUxYnJZOHprUWV6RFNOVXZrMzBFZkFidzNQVTU5YXh5Z1FVbTlFYmxxQnlYVT0ifQ%3D%3D
Drug marketing service firm Inventiv has cancelled its return as a public company, instead taking a huge investment from a PE firm.
http://www.fiercebiotech.com/cro/inventiv-cancels-ipo-as-it-announces-major-investment-from-advent?utm_medium=nl&utm_source=internal&mrkid=635530&mkt_tok=eyJpIjoiWkRCaU9HSTBNek5sWVRaaiIsInQiOiJwa2Vpa1FZY05nN2V4b1hiS0dsWE42MEswMmNCVFYrMzVHRWloYVVBZnA3cFlyRU1xTVJET0NBQW9sd3JFTGUxYnJZOHprUWV6RFNOVXZrMzBFZkFidzNQVTU5YXh5Z1FVbTlFYmxxQnlYVT0ifQ%3D%3D
GoHealth, the operator of an online health insurance marketplace, is acquiring health insurance agency Connected Benefits to facilitate offering of group plans.
http://www.chicagotribune.com/bluesky/originals/ct-gohealth-acquisition-group-insurance-bsi-20160722-story.html
MedCurrent receives $2.8 million in additional funding for its clinical decision support software.
https://www.pehub.com/canada/2016/7/3343962/
Canadian telecom firm Telus' health arm is buying Nightingale's Canadian EMR business for aboot $14 million.
http://www.mckesson.com/about-mckesson/newsroom/press-releases/2016/mckesson-health-solutions-extends-vbr-portfolio/
Drug distributor McKesson has acquired Health QX, which offers providers and plans assistance with bundled and episode payment systems.
http://www.mckesson.com/about-mckesson/newsroom/press-releases/2016/mckesson-health-solutions-extends-vbr-portfolio/
Merck has acquired a majority interest in Staywell, which offers health education materials in a variety of formats.
http://www.businesswire.com/news/home/20160711005372/en/Merck’s-Healthcare-Services-Solutions-Invests-Majority-Stake
CureFit gets $15 million to develop apps to help consumers manage health conditions. Gee, where I have heard about a business like that before.
https://www.thedollarbusiness.com/news/mukesh-bansals-curefit-bags-15-million-investment/47243
Network Locum, which helps staff physicians at provider sites, attracts $7 million for growth capital.
https://techcrunch.com/2016/07/04/network-locum-bags-7m-to-grow-its-doctor-staffing-platform/
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.