Health IT Business News Roundup for the Week of October 31, 2014

November 1, 2014 in News

MA, Financial Reports and Funding

Vitals, a physician rating platform, has acquired Compass Healthcare Advisers, a provider of health care price transparency tools, for an undisclosed sum…Optum, a subsidiary of the UnitedHealth Group, has agreed to acquire Alere, a health IT vendor, for $600 million.

Quest Diagnostics, a provider of laboratory services, reported a Q3 2014 income of $129 million on $1.9 billion in revenue…Cerner, an EHR system developer, reported a Q3 2014 income of $129 million on $840 million in revenue.

Kareo, a provider of cloud-based medical office software, has received $15 million in mezzanine debt from Escalate Capital PartnersLimeade, a developer of employer-based digital engagement and wellness tools, has raised $25 million from Oak HC/FT PartnersMousera, a health IT vendor, has raised $8.8 million in funding from nine investors.

Enlitic, a provider of artificial intelligence services for medical diagnosis, raised $2 million in a funding round led by AmplifyVida, a provider of mobile health coaching services, has raised $5 million in funding from Aspect Ventures and several other investors…Bright.md, a developer of physician-patient communication software, has raised $1 million in a funding round led by Seven Peaks Ventures.

Contracts

The Tennessee Department of Health has selected Document Storage Systems‘ EHR system…Allina Health, a not-for-profit health system, has selected PartsSource‘s suite of enterprise procurement tools to automate sourcing and purchasing activity…North Shore-LIJ Health System has selected Explorys‘ data analytics platform…The Harvard Pilgrim Health Care private health plan has selected PaySpan‘s electronic premium and information exchange payment services…CHE Trinity Health, a Michigan-based not-for-profit health system, has selected Sharecare‘s patient engagement tools…eClinicalWorks, an ambulatory EHR system provider, has selected Exostar‘s identity-proofing and credential authentication system.

Product Development and Marketing

Welch Allyn, a provider of medical diagnostic devices, has partnered with Gentag, a developer of disposable biosensors, to develop field communication technology for medical devices and sensors…the College of Healthcare Information Management Executives has partnered with the American Hospital Association‘s Health Forum to develop the Most Wired Survey and Benchmarking Study; CHIME also has partnered with KLAS Enterprises to develop enhanced research and benchmarking projects.

Personnel

Peter Dumont, senior director of the privacy office at Optum, Erik Pupo, specialist leader at Deloitte Consulting, Deidre Rodriguez, director of the corporate privacy office at WellPoint, and Richard Wagner, security and compliance officer at the ABILITY Network,  have been named a co-chairs of Workgroup for Electronic Data Interchange‘s Security and Privacy WorkgroupSeamus Lagan, former CEO of three Medytox Solution subsidiaries, has been named CEO of Medytox, a lab and health IT company operator.

Bryce Williams, former managing director of the exchange solutions business at benefits consultant Towers Watson, has been named president and CEO of SeeChange Health, a provider of consumer engagement and health improvement services…David Kobrinetz, principal vice president of Cfer Consulting , has been named national director of telemedicine at U.S. HealthWorks, an operator of occupational health care and urgent care centers.

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