Aledade adds $10 million to its Series C funding round, bringing its total to $56 million. The financing, led by Mosaic Health Solutions and Echo Health Ventures, brings the ACO development company’s total funding to over $130 million since launching five years ago. It hopes to add 80-plus employees over the next year, plus focus on building payer partnerships.
Acquisitions, Funding, Business, and Stock
Forty-one physicians declare their intent to break away from Novant Health (NC) and form their own medical group – a move similar in nature to last year’s decision by dozens of Atrium Health physicians to leave amid legal wranglings to form Tryon Medical Group. Those physicians now span eight offices to care for 80,000 patients. Head cardiologist Dale Owen, MD said at the time that the breakaway was because, “We didn’t feel like we were in control of our practice. We didn’t feel like we were serving the patients properly either.”
Announcements and Implementations
Medical dictation vendor Computers Made Effective will offer IM Your Doc’s real-time messaging and video consult solution.
Maven Clinic hires Melissa Frieswick (Virgin Pulse) as chief revenue officer.
Greenway Health names Kali Durgampudi (Nuance) chief technology and innovation officer.
Athletico Physical Therapy (IL) selects telemedicine technology from Mend to offer virtual PT consults to its patients in 12 states.
The Pill Club, an app-based birth control prescription and delivery company, raises $51 million in a Series B round led by VMG Partners.
A blog in Health Affairs suggests several ways CMS can support resource-strapped small practices participating in MIPS, especially those that don’t have the IT infrastructure necessary to meet reporting requirements. (According to 2017 MIPS performance data, smaller practices fared worse than their larger counterparts in the areas of Composite Performance Score and financial penalties.) Suggestions include simplifying or reducing quality reporting requirements, and providing up-front funds for health IT purchases.
- AdvancedMD publishes a new guide, “What NOT to do When Working with a VBC RCM Outsource Supplier.”
- Aprima’s PRM, Version 18 earns ONC Health IT Certification from the Drummond Group.
More news: HIStalk.