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.
Once disgraced revenue cycle management firm Accretive Health cleverly changed its name to R1 RCM and is now acquiring Intermedix' practice management and analytics business for $460 million.
https://www.crunchbase.com/organization/hellomd
Apr022018
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.
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.
A PE firm has made an undisclosed, but likely very large, investment in Landmark Health, which cares for chronically ill patients in a risk-based model that focuses on at-home care.
Workpath, which helps connect health staffing resources with providers who need help, raises an additional $1.5 million to help recover from its previous name, which for some bizarre reason was Iggbo.
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.