Health IT Business News Roundup for the Week of May 1, 2015

May 2, 2015 in News

MA, Financial Reports and Funding

TriCore Reference Laboratories, a provider of clinical diagnostic testing and population health management services, has merged with Rhodes Group, a health IT vendor.

IMS Health, a health IT firm, reported a Q1 2015 income of $298 million on revenue of $632 million…Healthways, a provider of wellness and population health management tools, reported a Q1 2015 loss of $2.9 million on $189.9 million in revenue.

CareCloud — a provider of practice management, EHR and medical billing software — has raised $15 million in a funding round with participation from multiple investors…Scanadu, a developer of mobile health devices, has raised $35 million from multiple investors…InteraXon, a developer of a smartphone-connected health device, has raised $11 million from undisclosed investors…Validic, a digital health platform provider, has raised $12.5 million in a funding round led by Kaiser Permanente Ventures.

Contracts

Health First Network, an independent physicians association, has selected Mirth‘s population health and risk management services…Meditab, a health IT software vendor, has selected Exostar‘s electronic prescription for controlled substances software…WellHealth Quality Care, an accountable care network in Nevada, has selected TruClinic‘s telehealth services platform.

Product Development and Marketing

Health IT vendor par8o has partnered with Mount Sinai Health System in New York to develop a streamlined referral system…Intel Security has integrated its security software with all of Onyx Healthcare‘s health IT products…Liaison Technologies, a provider of cloud-based integration and data management services, has partnered with EHR vendor athenahealth to develop an HL7 interface and interoperability guide.

Personnel

Ken Comée — a board member and operational advisor at CareCloud, a provider of cloud-based practice management, EHR and medical billing software services — has been named CEO of the firm…Gregg Stone, a professor of medicine at Columbia University, has been added to the senior editorial board of COR Medical Technologies, a provider of clinical decision-support software…Josko Silobrcic — former executive director of Healthbox, a health care startup accelerator — has been named chief strategy and business development office of Burgess Group, a provider of health care information and revenue cycle management software; Tariq Abu-Jaber — former vice president of medical informatics at Harvard Pilgrim Health Care, a health benefits company in the North East — has been named vice president of client solutions at Burgess Group.

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