Athenahealth acquires physician scheduling startup Arsenal Health for an undisclosed sum. The four year-old, Boston-based company formerly known as Smart Scheduling made its way through the Healthbox accelerator program before joining Athenahealth’s More Disruption Please program in 2014. Athenahealth has added Arsenal’s technology to its AthenaNet platform, and hopes to take further advantage of its machine learning and predictive analytics capabilities. Arsenal CEO Chris Moses will take on the title of product innovation director; the Arsenal team will report to AthenaCoordinator General Manager Doran Robinson.
Acquisitions, Funding, Business, and Stock
Venture capital funding in the first quarter of 2016 increases 27 percent over Q1 2015, totaling $1.4 billion via 146 deals. The top-funded technologies include wearables ($260M), data analytics ($197M), telemedicine ($171M), mobile health apps ($120M), and consumer health ($100M). Wearables, analytics, and consumer health also earned top spots on Rock Health’s recent list of top-funded digital health categories for the same timeframe.
Announcements and Implementations
Map Health Management launches a population health management platform for behavioral health and addiction providers that includes patient population analytics, and risk assessment and patient engagement tools.
Modernizing Medicine develops an EHR/PM/RCM software platform for pain medicine physicians.
Compass Chiropractic and Wellness (WI) selects EHR and RCM software and services from IPatientCare.
The Western North Carolina Medical Manager Association elects Sherry Davis (Midway Medical Center) to its Board of Directors.
Tarek Elsawy, MD (Cleveland Clinic) joins Reliant Medical Group (MA) as president and CEO.
Research and Innovation
An ACO study in the New England Journal of Medicine reveals that providers who entered the Medicare Shared Savings Program in 2012 saw greater savings than those that entered in 2013. The authors note that “if meaningful savings from the expanding MSSP materialize, our findings suggest that they may be slow to develop, because participants with less advanced systems for managing care may enter later and require more time to improve care efficiency.”
Canadian researchers develop a portable, paper-based method for diagnosing HIV and hepatitis C virus infections. The new low-cost, point-of-care testing platform is capable of wirelessly sending test results to a smartphone or computer for further relay to a provider or lab.