According to Markets & Markets, the health care business intelligence market had about $2.4 billion in revenue in 2013 and will grow at a compounded rate of 15% annually for the next several years.
Ebix, a large vendor of health care software development services, has acquired Healthcare Magic, a provider of online physician advice, to advance its telemedicine strategy. The purchase price was $6 million upfront with the potential for up to $12 million in earn-outs.
Jun032014
Healthcare.com, which offers a website to help people find health insurance, has received $2 million in funding.
Genex, the large provider of services for workers' compensation plans, is switching PE owners, with Apax Partners buying it from Stone Point for a price apparently in excess of $400 million.
Proteus Digital Health has raised an additional $120 million in capital to support its ingestible medication compliance device and other digital health initiatives.
Amsurg, a large operator of ambulatory surgery centers, is apparently interested in buying Sheridan Healthcare, which offers physician staffing and outsourcing services, particularly in anesthesia, for $2.3 billion.
Research from the Urban Institute looking at survey data of people who are newly insured through March of this year finds that 90% are either below the federal poverty level or subsidy-eligible; most are enrolled in Medicaid; they are younger but more likely to report only fair or poor health and to have no regular source of health care. All of these factors suggest health spending will be higher than projected.
Genoa Healthcare, the leader in pharmacies for community mental health centers, and QOL, a company in the same business, are merging under the combined ownership of Nautic Partners.
Please, please stop funding these companies--you are wasting your time and money and I am tired of writing about them. Mango Health has raised $5.25 million for its app to help improve patients' adherence to treatment regimens.
Tennessee regulators are proposing that a patient who uses telemedicine first must have an in-person visit with the physician on the other end of the line. The purported reason is to ensure use of a primary care doctor and building a solid relationship, but the rule would greatly frustrate the ability of telemedicine to provide better and more convenient access to patients and would raise costs.
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.