Three venture-backed health IT companies completed IPOs in July, ending an almost three-year drought of health IT IPOs. Share prices soared following each IPO, indicative of the enthusiastic response and a desire to see more health IT companies make their way toward public debuts. Composition of revenue, gross margin, and growth are key differentiators between these and all companies and key drivers of valuation. Given the enthusiastic shareholder response to these listings, we
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Behavioral Health | News, Analysis, Insights - HIT Consultant
Telehealth Adoption: Convenience & Cost Drive Adoption For Consumers
Convenience and cost are the key drivers of telehealth adoption for American consumers, but lack of awareness is an issue, according to recent findings from American Well’s Telehealth Index: 2019 Consumer Survey. Telehealth leader American Well commissioned Harris Poll to conduct an online study among over 2,000 adults to measure usage and sentiment toward telehealth. The results are weighted to be representative of the American adult population across standard demographics.Majority of Consumers
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SHIEC: HIEs Provide Critical Infrastructure to Support Nationwide Interoperability
America’s health information exchanges (HIEs) provide critical infrastructure to support interoperability serving 92% of Americans, delivering more than one billion clinical alerts annually, according to a recent Strategic Health Information Exchange Collaborative survey.These are real-time notifications of hospital admissions, discharges or transfers (ADTs) delivered to doctors, hospitals and other organizations tasked with coordinating the care and services of high-needs patients. These alerts
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Forefront Telecare Taps Sage Growth Partners for Growth Planning Initiatives
Sage Growth Partners (SGP), Baltimore-based healthcare research, strategy, and marketing firm, announced that it has been engaged by psychiatric telehealth company Forefront Telecare. As part of the engagement, SGP will provide research and strategy services to Forefront Telecare to advance and accelerate Forefront's growth initiatives, bringing essential behavioral care to rural markets where there is a shortage of medical specialists. The engagement marks SGP’s fifth client in the growing
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Rite Aid’s New CEO, CommonSpirit Health Appoints First Chief Information and Digital Officer, Geisinger’s Chief Nursing Exec, Other Health IT Appointments
Rite Aid Corporation appoints Heyward Donigan as Chief Executive Officer (CEO) and a member of the Board, effective immediately. John Standley will step down from his role as chief executive officer. Prior to joining Rite Aid, Donigan served as the president and chief executive officer of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best-fit healthcare providers.
Since 2015, Donigan lead Sapphire Digital's strategy and
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Connecticut Launches State-Wide Hospital Quality Scorecard & Cost Estimator
The Connecticut Office of Health Strategy (OHS) has launched a state-wide online hospital quality scorecard and cost estimator solution called Healthcare CT to assist residents in making informed decisions concerning their healthcare among healthcare providers. The website has interactive tables and graphs that allow consumers to search, sort, and filter by entity, quality measure, health topic, and rating. In addition, the solution promotes cost transparency in healthcare improves access to
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DAS Health Acquires Health IT and Medical Billing Conglomerate
DAS Health, an industry leader in health IT and management, announced today it completed the acquisition of a Milwaukee-based healthcare solutions conglomerate, including WRT Specialties, Inc., Easy PC Solutions, LLC, EasyMed Billing, LLC and Houston-based Systech Solutions. This follows DAS’ acquisition of Houston-based Altex Business Solutions earlier this year, and three Chicago-based companies at the end of 2018. Financial details of the acquisition were not disclosed.DAS Health Growth
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Livongo to Offer 10.7 Million Shares in IPO, Priced Between $20 & $23 Per Share
Livongo Health, Inc., today announced it plans to offer 10,700,000 shares of its common stock to the public with the price expected to be between $20.00 and $23.00 per share. Livongo has applied to list its common stock on the Nasdaq Global Select Market under the symbol “LVGO.” Livongo also intends to grant the underwriters a 30-day option to purchase up to an additional 1,605,000 shares of common stock from Livongo.Livongo offers an integrated suite of solutions to promote sustainable health
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Digital Health Company Livongo Files for $100M IPO
Livongo Health, Inc., today announced that it has publicly filed a registration statement for a proposed initial public offering (IPO) of its common stock, according to the U.S. Securities and Exchange Commission (SEC) filing. Livongo has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol "LVGO."Livongo Growth MetricsFounded in 2014, Livongo offers an integrated suite of solutions to promote sustainable health behavior change based on easy, real-time data
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Healthcare’s Uncertain Future: 3 Data-Driven Approaches for Payers
Nine out of 10 healthcare leaders expect disruptive pressures to increase tremendously in the year ahead, according to a recent survey. However, fewer than half believe their organizations are prepared to withstand these forces.
In an era of transformation—in which traditional business models are continually being revamped in response to pressures such as consumerism, policy changes, and the market entrance of non-traditional healthcare players such as Amazon and Apple—payers face daunting
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