Health IT Business News Roundup for the Week of April 18, 2014
M&A, Financial Reports and Funding
Truven Health Analytics has acquired Simpler Consulting, a provider of business transformation coaching services, for an undisclosed sum...Nuance Communications, a developer of clinical documentation and voice recognition software, has acquired Accelarad, a provider of medical imaging software, for an undisclosed sum...BlackBerry has purchased a minority stake in NantHealth, a cloud-based health IT provider, and the two firms plan to develop a new smartphone targeted at the health care sector.
CynergisTek, a provider of IT security systems for health care organizations, reported a 52% increase in revenue in Q1 2014, compared with Q1 2013.
LifeSum, a developer of a mobile calorie counting application, has raised $6.7 million in a funding round led by Bauer Media Group and SparkLabs Global Ventures...Omada Health, a developer of an online and mobile diabetes prevention application, has raised $23 million in a funding round led by Andreessen Horowitz...ABILITY Network, a provider of workflow and other health IT tools, has secured a $550 million strategic investment from Summit Partners...Intelligent InSites, a vendor of data collection and processing software and services, has secured an equity investment of an undisclosed amount from Health Insight Capital, a subsidiary of HCA...H2 Wellbeing, a developer of an employee wellness management system, has raised about $2 million in a funding round led by Wallstreet Financial Services...Healthbox, a health care accelerator, has raised $7 million in a funding round led by Intermountain Healthcare, Health Care Service Corporation and Chicago Pacific Founders.
Lahey Health, a hospital system serving Massachusetts and New Hampshire, has selected Phytel's Web-based population health and patient engagement system...Memorial Hermann Physician Network in Houston will deploy DocBookMD's mobile communications tools...SacValley MedShare, a health information organization in California, will implement ICA's health information exchange systems...Butler Memorial Hospital in Pittsburgh will implement Axiom EPM's performance management tools...PatientsLikeMe has entered into a five-year contract with drugmaker Genentech to share its crowd-sourced patient data...Capital Region Medical Center will deploy Patientco's cloud-based patient payment automation system...Deaconess Health System in Indiana will implement Availity's clearinghouse and revenue cycle management systems...Dialysis Clinic, a not-for-profit provider of kidney dialysis services, will integrate Sandlot Solutions' data gathering and exchange tools...Royal Children's Hospital in Melbourne, Australia, has selected Epic's EHR system.
Product Development and Marketing
DrFirst will integrate its e-prescribing tools into ManagementPlus' EHR system for eye-care providers...U.S. Preventive Medicine will integrate its community wellness tools with the Michiana Health Information Network's HIE system...ZirMed will integrate its revenue cycle management tools into EyeFormatics' EHR system...Enclara Health has integrated CoverMyMeds' prior authorization system into its hospice pharmacies' systems.
Tom Chickerella -- former system vice president for performance improvement and supply chain at Vanguard Health Systems -- has been named COO at Explorys, a vendor of cloud-based performance management and analytics systems...Gene Lane -- former director of corporate health at Floyd Medical Center in Georgia -- has been named vice president of client services and integration at Applied Health Analytics...Chuck Hall, president of HCA's National Group, has been appointed to Intelligent InSites' board of directors...Jose Garcia -- former senior vice president of government solutions at Xerox -- has been named senior vice president of government solutions at First Data...Carl Byers -- venture partner at Fidelity Biosciences -- has been appointed to the board of directors at Cureatr, a provider of mobile care coordination tools...Tom Patterson -- former CFO at Teletrac -- has been named CFO at Kareo, a provider of cloud-based medical office software and services...Trace Devanny -- former CEO and chair of TriZetto -- has been named president of Nuance Communications' health care division.
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