Ares Management invests $1.45 billion in Chicago-based DuPage Medical Group, which includes 80 locations, a practice management company, and managed care subsidiary. The group, one of the largest independent, multispecialty organizations of its kind in the country, seems to be bucking the trend of hospital acquisition, instead consistently gobbling up local providers with the help of last year’s $250 million investment from growth equity firm Summit Partners. DMG will use this latest, largest investment to expand beyond its Illinois borders and ramp up population health initiatives.
August 17 (Thursday) 2:00 ET. “Repeal and Replace McKesson’s EIS.” Sponsored by HIStalk. Presenters: Frank Poggio, CEO, The Kelzon Group; Vince Ciotti, principal, HIS Professionals. The brutally honest and cynically funny Frank and Vince will analyze the Allscripts acquisition of McKesson’s EIS business. They will predict what it means for EIS’s 500+ customers, review what other vendors those customers might consider, describe lessons learned from previous industry acquisitions, and predict how the acquisition will affect the overall health IT market. Their 2014 webinar on Cerner’s acquisition of Siemens Health Services has generated over 8,000 YouTube views.
Announcements and Implementations
New York City-based patient relationship management vendor Doctor.com develops ScheduleSync, a customizable, EHR-friendly online scheduling tool that gives patients the ability to book appointments from a practice’s website, Facebook page, or search listing.
Acquisitions, Funding, Business, and Stock
RCM vendor ESolutions acquires healthcare analytics company RemitData in a move that it hopes will attract ambulatory surgery center customers. Terms of the deal were not disclosed. This is the second acquisition for ESolutions in as many years; it bought ClaimRemedi for an undisclosed amount in March of last year.
The Kentucky Medical Association appoints ophthalmologist Maurice Oakley, MD president.
Government and Politics
Vermont Public Radio focuses on a looming physician shortage that will see 30 percent of the state’s 60-and-over PCPs retire within the next several years. Members of the state’s Green Mountain Regulatory Board are considering several ways in which to attract younger primary care docs to the state, including reimbursing the tuition of medical students who stay to practice in Vermont. Vermont Medical Society President Paul Harrington stresses that, “The whole model that we’re going towards of promoting better coordination of care requires a strong relationship with a primary care physician and it is going to fail unless we have an adequate supply ….”
Community Health Center of Southeast Kansas receives $48,000 from UnitedHealthcare during a special ceremony during National Health Center Week. The FQHC will use the funds, given out as part of a grant program launched by the payer early this year, to build out telemedicine services. CHCSEK also received over $160,000 yesterday from HHS for its quality improvements.
Specialty medical services company Castle International will offer virtual consults from Akos to its global network of employers and private clients.
Officials in Brazoria County, Texas decide to add RediMD telemedicine services to employee health benefits – a move they anticipate will cut the county’s healthcare expenses by up to 66 percent.
The Southeastern Telehealth Resource Center – housed within the Georgia Partnership for Telehealth – receives a HRSA grant of $975,000, reaffirming the federal agency’s commitment to SETRC for the fourth year in a row. The center serves those looking for telemedicine expertise and resources in Alabama, Florida, Georgia, and South Carolina.
- EClinicalWorks supports National Health Center Week and the 700 Community Health Centers that use its systems. The company was also named as a Frost & Sullivan customer value leadership award winner for its RCM services.
- Aprima’s Adaptive Learning Technology and the AI/Machine Learning Buzz (Aprima)
- 2017 National Health Center Week: Celebrating the Care All Americans Deserve (EClinicalWorks)