Mergers & Acquisitions

R1 will pay a reported $30 million for the revenue cycle management-outsourcing division, as Cerner helps the company extend its RCM tools to its client base.

Despite his high profile and the deep pockets of its investors, the Amazon, Berkshire Hathaway and JP Morgan Chase joint venture has so far shown limited progress on its aspirational tech-driven healthcare goals.

Hospital revenues fell 13% in March due to COVID-19, according to the company's flash report.

The analytics company says the technology expertise of MAeHC, whose CEO Micky Tripathi will join Arcadia's leadership team, will help it expand its interoperability offerings for population health management

The company says the acquisition will bolster the its existing quality and regulatory measures capabilities, due in part to Able Health SaaS application, which automates measures reporting.

Artificial intelligence will also continue to be a big focus, as it becomes more clear which startups are succeeding in their initial target sectors. VCs are also eyeing genomics analytics tools, as well as other more practical technologies.

Masimo, the maker of monitoring technologies and connectivity tools for hospitals, announced this week that it will acquire the connected care assets of NantHealth for $47.25 million in cash. WHY IT MATTERS NantHealth’s Connected Care suite – with tools such as DCX device connectivity, VCX patient vitals software, HBox connectivity hub and Shuttle interface cable – enables medical device interoperability for hospitals and health systems. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Masimo officials say the deal will help it offer hospital customers improved continuum of care with its automation and noninvasive monitoring technologies. It notes that NantHealth's suite of connected care tech enables more streamlined collection and storage of medical device data, through a vendor-agnostic platform, into electronic health records and other clinical information systems. THE LARGER TREND For its part, NantHealth says the sale will enable the company to focus on innovating in areas such as precision medicine. "Our decision to sell the Connected Care business enables us to focus on accelerating growth for our NaviNet and Eviti SaaS solutions, our data and molecular analytics capabilities, and pursue other strategically aligned goals," said Patrick Soon-Shiong, NantHealth's chairman and CEO, in a statement. "We believe Masimo has the best connectivity solutions, and we are delighted to have found the right home for our Connected Care business and our committed team of employees. We are working with Masimo to ensure a smooth transition for our Connected Care customers." ON THE RECORD "One of the strategic priorities for Masimo is, through our Hospital Automation solutions, to reduce clinician cognitive overload and reduce errors of omission," added Joe Kiani, chairman and CEO of Masimo. "Through connectivity, predictive algorithms, and decision support, we hope to improve the continuum of great care. The connectivity assets we are acquiring are completely in line with our mission as they will help accelerate our internal growth initiatives in this area. Not only does Connected Care immediately increase our customer footprint but also provides us with products which complement our current portfolio." Twitter: @MikeMiliardHITN Email the writer: mike.miliard@himssmedia.com Healthcare IT News is a publication of HIMSS Media.

The company says CareCloud’s integrated clinical and financial tools will help it offer its healthcare customers more ways to streamline physician workflows, improve patient outcomes and increase practice profitability.

What's more, 30-day mortality and readmission rates stayed largely the same at acquired facilities.

The consulting giant issued a forward-looking report in January 2019. Healthcare IT News went back to see what the report’s key issues look like at year’s end.