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Intermountain Healthcare and Trinity Health Make Growth Investment in AI Leader Jvion

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Leading healthcare Artificial Intelligence (AI) firm Jvion announced a growth investment from healthcare leaders Intermountain Healthcare and Trinity Health. This round of funding is an expansion of the existing customer relationship between Jvion and both providers and demonstrates their respective ongoing commitments to healthcare innovation, including the practical application of AI solutions for driving improved quality and health outcomes. This investment comes less than a month after the announcement of a significant growth equity investment led by JMI Equity, Health Enterprise Partners and Health Velocity Capital. KLAS recently recognized Jvion’s solution for its leadership in the growing field of clinical analytics, and for edging out predictive analytics solutions offered by top acute care EMR vendors. Read More

Mercy Medical Center Lowers Rates of Readmissions by More Than 20% Using Jvion’s Cognitive Machine

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Mercy Medical Center in Canton, Ohio has lowered rates of all-cause readmissions by more that 20 percent through the application of Jvion’s Cognitive Machine solution. As one of the preeminent providers leading the industry in Artificial Intelligence (AI) adoption, this 476-bed facility is effectively leveraging Jvion’s technology to enhance quality improvement efforts and care quality.

Founded as a Catholic healthcare organization focused on “providing quality, compassionate, accessible and affordable care,” the integration of Jvion’s leading AI into Mercy Medical Center’s technology landscape illustrates the provider’s continued commitment to using the latest innovation to advance patient health. Read More

Wildflower Health Teams with Amazon Alexa to Enable “Hands Free” Baby Tracking for Parents

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Wildflower Health, a leading mobile health software company, today announced the launch of a new Amazon Alexa skill specifically geared to make daily pregnancy and parent tasks more convenient. In cooperation with Amazon, Wildflower is releasing the “Family Health by Wildflower” skill on Alexa to make it easier for moms and dads to manage the health of their families using voice technology.

Wildflower’s Family Health app helps consumers manage the health needs of moms, dads, kids and aging parents. The company’s mobile technology supports families at every age and stage, connecting them with the right resources at the right times. Read More

Northwell to Use Jvion’s AI Software to Address Patient Readmissions

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To help drive down patient readmissions and enhance care, Northwell Health will integrate predictive artificial intelligence (AI) software from Jvion’s Cognitive Machine into the health system’s electronic medical records (EMR) at 15 hospitals.

Georgia-based Jvion and its AI solution will be used to identify at-risk patients and other metrics that contribute to an individual’s increased risk. This includes social determinants such as a lack of access to transportation as well as food and housing insecurity. During the initial phase of implementation, Northwell Health will target readmissions and avoidable admissions within its managed care population. Read More

AllyAlign CEO: I-SNPs Will Form ‘Permanent Pillar’ in Changing Skilled Nursing World

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The exponential growth of Medicare Advantage (MA), with its lower reimbursements and greater length-of-stay pressure, has been a thorn in the side of many skilled nursing providers.

As part of a bid to wrest back control, SNFs are increasingly looking to become insurance providers, driving the growth of individualized Medicare Advantage options as they move into institutional special needs plans (I-SNPs). In fact, many SNFs see the move as their ticket out of a maze of pressures from payers and into the momentum of the MA world. Read More

Health Enterprise Partners Adds Venture Partner – Mike Taylor Adds Operational and Clinical Experience to the Firm

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Health Enterprise Partners (“HEP”), a healthcare private equity fund, is pleased to announce the addition of Mike Taylor as Venture Partner. “As a proven entrepreneur and physician, Mike brings a unique set of attributes to HEP that will benefit our investors and portfolio companies,” said Dave Tamburri, Managing Partner of HEP. “After more than 10 years of friendship, we are fortunate to welcome him to the team.”

Prior to joining HEP in January, Mike served as President of MultiPlan’s Payment Integrity division, a position he held since MultiPlan’s acquisition of Medical Audit & Review Solutions (“MARS”) in 2014. Mike founded MARS as a technology-enabled provider of healthcare payment integrity services for payers and third-party administrators. He served as President and CEO since the company’s inception in 2011. Read More

Catapult Health Launches New Tool To Address Medication Compliance And Opioid Abuse

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Numerous studies in recent years have documented that appropriate use of prescribed medication is essential in the effective treatment and management of disease. Patients who follow their medication regimens experience better health outcomes and use urgent and inpatient hospital services less. Researchers have also found that improved adherence is associated with lower total health care costs. Read More

Bardy Diagnostics™ Achieves Milestone of 40,000 Patients Monitored by the Carnation Ambulatory Monitor

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Bardy Diagnostics, Inc., (“BardyDx”), a leading provider of ambulatory cardiac monitoring technologies and custom data solutions, announced today it has achieved a significant year-end milestone of monitoring over 40,000 patients driven by rapid adoption of the Carnation Ambulatory Monitor (“CAM™”), the world’s first P-wave centric™ ambulatory cardiac patch monitor and arrhythmia detection device.

“Product acceptance continues to rapidly grow, supported by the positive customer reception to the CAM’s unique P-wave centric technology,” said Ken Nelson, Chief Commercial Officer. “With over 40,000 patients to date having benefited from the CAM patch, it is evident to our customers that P-wave specificity is essential for accurately diagnosing arrhythmias and determining appropriate medical or procedural intervention.” Read More

Spectrum Equity Leads Majority Recapitalization of Payer Compass

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DALLAS, Jan. 4, 2019 /PRNewswire/ — Payer Compass, a leading provider of healthcare reimbursement technology and price transparency solutions, announced today that it has received a significant investment from Spectrum Equity, a growth equity firm focused on the information economy, and Health Enterprise Partners (HEP), a healthcare-focused investment firm. This investment positions Payer Compass to continue its rapid growth while further extending its comprehensive product offering serving health plans, self-insured employer groups, third-party administrators and brokers.

Payer Compass’ core software platform VISIUM™ is a purpose-built healthcare pricing engine and contract management system focused on addressing the complexities of Medicare, Medicaid and Commercial claims pricing. With the rise of healthcare costs and shift to self-funded plans, Payer Compass enables employer groups and health plans to realize significant cost savings by utilizing a Medicare-based reimbursement method as it is more closely tied to the true cost of providing care. Read More

Health Enterprise Partners Announces Partner Promotion – Ezra Mehlman Promoted to Managing Partner

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Health Enterprise Partners (“HEP”), a healthcare private equity fund, is pleased to announce the promotion of Ezra Mehlman to Managing Partner. “Ezra has demonstrated the energy, impeccable judgment, and character that are foundational to our firm and its investors,” said Dave Tamburri, Managing Partner of HEP. “We are confident that he will continue to make a significant contribution to the ongoing success of our firm.”

Mehlman joined HEP full-time in 2012 after interning at the firm for two years while attending Columbia Business School. Prior to HEP, he worked for the Advisory Board Company and Booz Allen Hamilton. Ezra serves on the boards of AxiaMed, CenterPointe Behavioral Health System, InDemand Interpreting, Jvion and Wildflower Health. He also served as a director of Applied Pathways prior to its acquisition by AIM Specialty Health, a division of Anthem, Inc. He is a member of HEP’s investment committee. Read More