Proving that making lots of money doesn't make a company smarter, Google is apparently investing $32.5 million in struggling "new style" insurer Oscar, at a $1.75 billion. So far Oscar has mostly shown it needs a good actuary.
Persivia, which aims to be a precision medicine and health analytics firm, is buying IHM Services Company, which provides clinical intelligence to hospitals.
Qualcomm Life, which does health-related business for its parent Qualcomm Communications is acquiring Capsule Technologies, which in a nutshell provides connectivity with medical devices and other data integration.
New research in JAMA Internal Medicine finds that half the difference in readmission rates among hospitals can be explained by characteristics of the patients they treat, further demonstrating the poor design of the CMS penalty program.
Billionaire entrepreneur Dr. Patrick Soon-Shiong has raised huge sums for two more of his panoply of companies, $150 million for a proteomics lab business and $100 million for an immuno-oncology one. Be interesting to see how all this relates to his population health management efforts.
According to a Markets & Markets report the population health management market will be worth over $40 billion in annual revenue by 2018. I have no idea what anyone means by that term and 99% of the people who use it don't know what they mean by it either, but $40 billion is certainly a lot more than the amount of cost savings produced by PHM.
GetWellNetwork is helping someone else's shareholders get well by buying Skylight Healthcare Systems. Both companies are in the patient communication in the hospital business.
Disruptive-model health plan Oscar Health, which has raised a huge amount of capital at a ludicrous valuation, is having trouble finding customers, but remains optimistic, according to a Bloomberg story. Uhhh, this isn't a business where a fly-by-nite business model is going to get anywhere.
The American Medical Association has shockingly discovered that the proposed health plan mega-mergers would hurt competition in many markets!! They are probably right, wish they would look at physician and hospital mergers the same way.
Epic Health is snacking on Option 1 Health, an enteral nutrition provider, to add to its portfolio of pediatric services and adult home care offerings.
Envision Pharma, which provides strategic communications services to the life sciences industry, is acquiring Alligent Biopharm Consulting, which helps the same industry develop medical affairs communications.
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.
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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