Health IT Business News Roundup for the Week of October 24, 2014
October 25, 2014 in News
MA, Financial Reports and Funding
Netpulse, a provider of software that connects gym equipment with fitness devices and mobile applications, has acquired Club Apps, a health club application developer, for an undisclosed sum…ABILITY Network, a Medicare transactions processing vendor, will acquire MD On-Line, a claims clearinghouse, for an undisclosed sum.
Athenahealth, an Web-based EHR system vendor, reported a Q3 2014 loss of $1.63 million on $190.4 million in revenue…Quality Systems, an EHR and practice management systems vendor, reported a Q2 2015 income of $4.8 million on $120.5 million in revenue.
Phreesia — a provider of electronic payment applications, clinical and administrative data collections tools, and consent form management services — has raised $30 million in a funding round led by LLR Partners…PureTech, a medical technology and digital health firm, has raised $55 million in a funding from Invesco Perpetual and other investors…Telcare, a provider of a blood glucose monitoring mobile application, has raised $32.5 million in a Series C funding round led by Norwest Venture Partners…Practice Fusion, a cloud-based EHR vendor, has a warrant for $2.5 million from a long-term credit facility…CareSync, a provider of a personal health record system, has raised $4.25 million in a Series A funding round with participation from Tullis Health Investors, Clearwell Group and CDH Solutions.
CHE Trinity Health, a Michigan-based health system, has selected Quantia‘s online physician engagement platform…Tennessee Primary Care Association, a network of not-for-profit primary care organizations, has selected i2i Systems‘ population health management and analytics tools…Pacific Dental Services has selected Quality Systems‘ cloud-based patient data management software…Massachusetts has extended a Medicaid management information system contract with Hewlett Packard by five years for $50 million…Englewood Hospital and Medical Center in New Jersey has selected Iron Mountain‘s data storage and information management services.
Product Development and Marketing
NextGen Healthcare Information Systems, a provider of clinical and patient information connectivity tools, and InterSystems, a provider of interoperable informatics and EHR systems, have partnered with Missouri Health Connection, a health information exchange, to develop an on-demand, interoperable EHR system…Nuance Communications will integrate its voice and language recognition software with eClinicalWorks‘ EHR mobile software…AdvancedMD will integrate its cloud-based practice management and billing tools with Doctorsoft‘s ophthalmology-specific EHR system.
AOD Software — a provider of integrated clinical, financial, operational, home health and point-of-sale software — has partnered with Imprivata — a provider of authentication, access management and secure communications services — to provide senior health care providers with secure communication tools…The dental division of Quality Systems will sell its EHR and practice management systems to customers of Patterson Dental Supply, a vendor of dental products, equipment and technology…IBM and AirStrip, a developer of mobile analytics, have partnered with the University of Michigan Center for Integrative Research in Critical Care to develop a health monitoring system for acute and critically ill patients.
Scott MacKenzie — former CEO of Passport Health Communications, which was purchased by Experian Health, a provider of revenue cycle management tools — has been named CEO of M*Modal, a provider of clinical documentation and speech recognition software, and has joined the company’s board of directors…Michael Williams, former CMIO at North Shore-Long Island Jewish Health System in New York, has been named CMIO at the University of Virginia Health System…William Frist, a former U.S. senator, and David Snow, former chair and CEO of Medco Health Solutions, have been named to the board of directors at Teladoc, a telehealth services provider.