Health IT Business News Roundup for the Week of November 14, 2014

November 15, 2014 in News

MA, Financial Reports and Funding

Truven Health Analytics, a provider of health care analytics services, will acquire Heartbeat Experts, a provider of stakeholder management tools for the life sciences industry, for an undisclosed sum.

Allscripts, an EHR vendor, reported a Q3 2014 net loss of $25.8 million on $345.4 million in revenue, compared with a Q3 2013 net loss of $48.9 million on $330.2 million in revenue…Premier, a provider of group purchasing data tools and services for hospitals, reported a Q1 2015 net income of $47.7 million on $229.3 million in revenue.

CareCam Health Systems, a provider of treatment adherence services, has raised $2.4 million in a funding round led by undisclosed investors…Sentrian, a developer of remote monitoring sensors, has raised $4 million in seed funding and $8 million in Series A funding from multiple investors…Modernizing Medicine, a cloud-based EHR system provider, has raised $15 million in a funding round led by Summit Partners and Pentland GroupSpirometrix, a developer of a breath analysis sensor, has raised $8.6 million in a funding round led by NGK Spark, a health plan price comparison tool, has raised $7.5 million from two former Priceline executives…Xerox has invested an undisclosed sum in HealthSpot, a telehealth services provider…League, a mobile health application developer, has raised $4 million in a funding round led by OMERS Ventures, Foundation Capital, Real Ventures and Infinite Potential Group.


Mercy Health in Ohio has selected Explorys‘ data analytics platform…Bon Secours Health System in Maryland has selected a combination of inHealth and Phytel‘s population health management, patient engagement and care management tools…Georgia Health Connect, a health information network, has selected Liaison Technologies‘ health data management and EHR linking tools…CMS has awarded Telligen, a provider of population health management tools, its Quality Innovation Network National Coordinating Center contract…Wellmark Blue Cross and Blue Shield, an insurer in Iowa and South Dakota, has selected MedeAnalytics‘ employer reporting system.

Product Development and Marketing

Qualcomm, a vendor of mobile health IT services and applications, has partnered with the George Institute for Global Health, a not-for-profit health care research organization, to create the China Center for mHealth Innovation…health system Intermountain Healthcare has partnered with Healthbox, a health care startup accelerator, to develop a structured framework to make near-market concepts into commercial businesses and provide strategic investments…the Clinical Data Interchange Standards Consortium and Healthcare Information and Management Systems Society have partnered to develop standards for adopting interoperable health IT.

Time Warner Cable has entered a partnership to provide remote monitoring services to the not-for-profit health system OhioHealth…the American Medical Association is partnering with i-Human Patients, a developer of cloud-based medical education software, to develop a digital education platform for medical students…Glooko, a provider of mobile diabetes management tools, has partnered with the Joslin Diabetes Center, to develop an application that aggregates data from fitness trackers, blood pressure trackers and blood-glucose monitors.


Jay Deady — former CEO of Awarepoint, a vendor of a real-time location system for the health care industry — has been named CEO of Recondo Technology, a vendor of revenue cycle management software…Maria Moen, former health care applications director at Brookdale Senior Living, has been named vice president of care innovation at VorroHealth, a technology vendor for long-term and post-acute care communities.

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