Morning Headlines 2/17/23

Morning Headlines 2/17/23

February 16, 2023 Headlines No Comments Avaya Files For Chapter 11 Bankruptcy After Cloud Subscription Accounting Woes
Unified communications and collaboration services vendor Avaya, whose healthcare offerings include solutions for virtual care, collaboration, and patient access technology, files for Chapter 11 bankruptcy for the second time in six years.
Elation Health Acquires Medical Billing Company Lightning MD to Accelerate Market’s First Primary Care All-in-One Solution
Primary care EHR vendor Elation Health acquires practice-focused medical billing company Lightning MD.
Spacelabs Healthcare Expands Clinical Informatics Capabilities with Acquisition of Predictive Analytics Company PeraHealth
Spacelabs Healthcare acquires PeraHealth and its Rothman Index patient deterioration software for undisclosed…

Continue Reading
News 2/17/23

News 2/17/23

Top News

Unified communications and collaboration services vendor Avaya, whose healthcare offerings include solutions for virtual care, collaboration, and patient access technology, files for Chapter 11 bankruptcy for the second time in six years.
The Durham, NC-based company reported lower than expected revenue and earnings last year, blaming accounting problems with its cloud subscription revenue, after which it replaced its CEO.
AVYA share price has dropped 98% in the past 12 months, valuing the company at $24 million.

Reader Comments From Baby Payer: “Re: IVF coverage. In an example of our messed up healthcare system, women are taking Amazon jobs and quitting after…

Continue Reading
Q/A: Oatmeal Health Co-Founder Talks AI-Enabled Cancer Screening for the Underserved

Q/A: Oatmeal Health Co-Founder Talks AI-Enabled Cancer Screening for the Underserved

Dr. Ty Vachon, CEO & Co-Founder at Oatmeal HealthToday, cancer is the second leading cause of death in the United States. Sadly, cancer disparities exist, with racial/ethnic minority, low-income, and uninsured populations suffering the greatest burden. That’s why routine cancer screening is critical to addressing cancer disparities as they have the potential to greatly reduce both incidence and mortality rates. To address this, Federally qualified health centers (FQHCs) are funded by the Health Resources and Services Administration to provide preventive and primary healthcare services, including cancer screening, to the nation’s most vulnerable populations We recently sat down with Oatmeal Health’s Co-Founder and…

Continue Reading
Elation Health Acquires Lightning MD to Build Primary Care All-in-One Solution

Elation Health Acquires Lightning MD to Build Primary Care All-in-One Solution

What You Should Know:– Primary care EHR Elation Health acquires cloud-based medical billing and payer connectivity provider Lightning MD, a platform that was created by nurses. Financial details of the acquisition were not disclosed.The acquisition is part of Elation Health’s bid to be a one-stop shop for all primary care — something that co-founder and CEO Kyna Fong, Ph.D., has been driving despite all the odds.As part of the acquisition, Elation will continue to support practices integrated with over 20 practice management and billing solutions connected via the Elation application programming interface (API).Lightning MDFounded in 2017 by registered nurses Kelly Schoenfeld and…

Continue Reading
From Telemedicine to Complete Virtual Care and Beyond

From Telemedicine to Complete Virtual Care and Beyond

Michael Gorton, CEO of Recuro HealthTelemedicine has helped improve the quality of life of patients in every corner of the world and has been successfully utilized to provide convenient care to people with limited or no access to health services. Today, worldwide digital interconnectivity is growing, enabling telehealth to advance health equity, bring access to care for underserved regions and meet the urgent, primary and behavioral healthcare needs of an exploding global population.It has been a remarkable journey for the innovators who pioneered telemedicine. Since its inception, digital health services began the transformation from traditional healthcare — a reactive, disease-focused model…

Continue Reading
Primary care tech company Elation Health acquires billing platform Lightning MD

Primary care tech company Elation Health acquires billing platform Lightning MD

Elation Health, which offers tools for telehealth, patient engagement and an EHR geared toward primary care providers, announced on Thursday that it had acquired billing and practice-management company Lightning MD.Elation said it would combine the billing and revenue cycle software with its tools to offer an all-in-one product in beta starting this summer. Practices who use other management and billing software through Elation’s API will still have that option. 
Founded in 2017, Lightning MD partnered to integrate with Elation’s services last year. 
“Healthcare technology is rapidly evolving, particularly in the primary care sector where we have the greatest opportunity to improve patient outcomes and…

Continue Reading