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Industry Insight

Insiteflow Raises $2.3M to Accelerate EHR Workflow Interoperability

Insiteflow, Inc—a platform for EHR workflow interoperability—announces $2.3 million in financing led by Silverton Partners with participation from Congress Ave Ventures, Alumni Ventures, and Service Provider Capital.

The funding will accelerate the expansion of its customer base and proprietary cloud-based platform.

“Clinicians do not have time to leave their EHRs to access and use the constantly expanding set of external, third-party health care analytics, guidelines, and other solutions. This often leads to missed opportunities to improve care, quality, and revenue,” says Insiteflow CEO Anthony Gerardi. “By bringing critical data-driven recommendations from third-party solutions into their EHRs, Insiteflow empowers clinicians with the workflow they need to efficiently improve outcomes.”

This type of integrated, automated EHR workflow drives physician utilization of these external, third-party solutions. Starting with the first month of deployment, more than 80% of physicians use this EHR workflow to implement data-driven recommendations, clinical decision support, and other best practices from external solutions.

Through its expanding patent-pending platform, Insiteflow powers external solutions to be the following:

“Insiteflow is transforming health care by moving the industry beyond data interoperability to create workflow interoperability,” says Morgan Flager, Silverton Partners’ managing partner. “Our investment underscores our confidence in Insiteflow’s ability to enhance the clinical experience to empower clinicians to improve cost, quality, and revenue. We are excited to help in expanding their capabilities to improve health care outcomes.”

More information is available at Insiteflow.com.

— Source: Insiteflow


nThrive to Acquire TransUnion Healthcare

nThrive, Inc, a health care revenue cycle management (RCM) software-as-a-service (SaaS) platform backed by Clearlake Capital Group, LP (together with certain affiliates), announces it has signed a definitive agreement to acquire TransUnion Healthcare, Inc, the health care data and analytics business of TransUnion. With its RCM front and back-end solution suite, TransUnion Healthcare helps hospitals and health systems increase revenue, reduce cost, and ensure regulatory compliance. TransUnion Healthcare helps more than 1,850 hospitals and 650,000 physicians reduce complexity and increase their profitability.

nThrive and TransUnion Healthcare are each committed to helping clients achieve stronger financial outcomes. The combined entity will offer health care organizations and payers a complete end-to-end RCM technology and software solution, giving customers increased confidence and predictability in payment optimization. This acquisition furthers nThrive’s commitment to better serve the health care community by increasing revenue assurance and improving revenue staff efficiency while lessening administrative burden so that providers can focus on higher quality care and outcomes for patients.

“We are thrilled to welcome TransUnion Healthcare’s colleagues and clients to the nThrive family,” says Hemant Goel, CEO of nThrive. “We have enjoyed a long-standing commercial partnership with TransUnion Healthcare and both organizations are rooted in complementary missions and cultures. nThrive is focused on designing health care technology that delivers tangible outcomes for our clients. As we continue on our mission to help eliminate leakage and waste from health care revenue cycles, we look forward to bringing TransUnion Healthcare into the fold to serve our clients as a unified and integrated organization.”

“There is a long and rich history between these two organizations, and we could not be more excited about the opportunity to create an end-to-end leader in the RCM software and technology category,” says Behdad Eghbali, cofounder and managing partner at Clearlake and Paul Huber, principal at Clearlake. “We have been focused on a buy-and-build thesis to scale our SaaS platform investment in nThrive and are eager to leverage Clearlake’s OPS framework and resources to support management on this technology platform as they continue to drive meaningful value for clients and execute on accelerated growth plans.”

— Source: nThrive


ATA Launches Initiative to Advance Role of Telehealth in Eliminating Health Disparities

The American Telemedicine Association (ATA), an organization working to accelerate the adoption of telehealth, announces the launch and first phase of action in a new initiative to assess the applications of telehealth in addressing and eliminating health disparities in the United States. Led by a team of leaders in diverse health care areas including providers, payers, community health organizations, and policymakers, the new ATA CEO’s Advisory Group on Using Telehealth to Eliminate Disparities and Inequities has worked to outline a new framework for eliminating health disparities that will be the foundation of ongoing strategic analysis and a series of policy recommendations in the months ahead.

“In recent years, we have seen rapidly growing evidence that telehealth services can and should play a central role in strategies to address health disparities in the United States. Our new ATA CEO’s Advisory Group brings together globally recognized leaders in health policy and service delivery who are uniquely positioned to outline the optimal strategies to use telehealth to address this very significant challenge,” says Ann Mond Johnson, CEO of the ATA. “With insights from a range of stakeholders, the Advisory Group has introduced a framework that identifies the essential components of a comprehensive plan that can make a positive difference for millions of patients and health care systems.”

Led by Kristi Henderson, DNP, NP-C, FAAN, CEO of MedExpress & Optum Virtual Care, and chair-elect of the ATA; Yasmine Winkler, director of GEHA Health and ATA board member; and Ron Wyatt, MD, MHA, vice president and patient safety officer of MCIC Vermont, the CEO’s Advisory Group on Using Telehealth to Eliminate Disparities and Inequities is working to outline a new roadmap to address inequalities in the delivery of health care information and services with a focus on both access and improving outcomes. With perspectives from stakeholders including care teams, community health leaders, policymakers, and telehealth service providers, the first phase of the strategy includes an overview of the components of a strategic plan to address disparities in the years ahead.

“We have a tremendous opportunity to create innovative ways to use telehealth to break down barriers to care,” Henderson says. “The insight that each leader is providing is essential to identify what those barriers are from connectivity to affordability and health literacy so that we can collectively make the health system more accessible to everyone.”

“As we have seen exponential growth in the applications of telehealth services in recent years, we also now have an historic opportunity to consider entirely new approaches to address these challenges more effectively than ever before,” Winkler adds.

“Over the next year, the Advisory Group will outline a series of steps designed to help the health care sector as well as patient communities and government leaders better understand and take direct action on opportunities to apply services in telehealth to a wide range of programs,” Wyatt says. “These efforts will be designed to improve convenience and fairness in access to care for millions of patients in the United States based on the framework outlined in the first stage of this effort.”

— Source: American Telemedicine Association