Apparently Alphabet, also known as Google, is putting $375 million into Oscar Health, the supposedly revolutionary health plan that is best at sucking up investors money. Google will be searching for returns there for a long time.
Okay, this is a hilarious story about how health care needs more "disruptive" CEOs. How about just get some competent ones, especially on the provider side. I thought disruptive wasn't good, at least for kids in the class room. Just more nonsense reflecting both the "cult of the CEO" and the supposed value of disruption. Most businesses that try to do things in a radically different way disrupt things all right, just with bad results.
Carepoynt raises $2 million in initial financing for another of the most gibberish-ed press releases and business ideas I have seen, something about creating rewards for engagement. There is no "i" in Carepoynt, but there is a why.
Hinge Health, which helps patients with back and other musculoskeletal issues be treated at home using an app and coaches (Hinge, get it, cause you back and joints are like a hinge), has raised $26 million in funding. Don't let the hinge hit you on the way out.
https://medcitynews.com/2018/08/hinge-health-26m/
Aug082018
AlayaCare, a vendor of software for home health care providers, has raised $13.8 million in new capital.
AdvancedMD, a provider of EHR and practice management software for smaller provider practices, is being purchased by Global Payments for about $700 million.
EHR and practice management software vendor Medicare is acquiring BlueStrata EHR, which provides electronic medical record software for post-acute providers.
Verana Health, which gathers clinical data for drug and device companies to use in product development with an initial focus on ophthalmology, has raised $30 million in additional capital.
Health Gorilla, which is creating a nationwide clinical information sharing network, isn't monkeying around as it apes the SureScript capability, raising $8.2 million.
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.