The online healthcare company war heats up: Health, wellness, prescription delivery, and telemedicine company Ro raises $200 million, bringing its total raised to $376 million while achieving a $1.5 billion valuation.
The company, which offers several gender-specific healthcare products and services, plus a smoking cessation program, is working on building out its telemedicine software so that physicians can more easily see and triage waiting patients. It also plans to develop an at-home diagnostic testing service.
Competitor Hims, which is valued at $1 billion, let it be known last week that it hopes to go public through acquisition.
August 19 (Wednesday) 1:00 ET. “A New Approach to Normalizing Data.” Sponsor: Intelligent Medical Objects. Presenters: Rajiv Haravu, senior product manager, IMO; Denise Stoermer, product manager, IMO. Healthcare organizations manage an ever-increasing abundance of information from multiple systems, but problems with quality, accuracy, and completeness can make analysis unreliable for quality improvement and population health initiatives. The presenters will describe how IMO Precision Normalize improves clinical, quality, and financial decision-making by standardizing inconsistent diagnosis, procedure, medication, and lab data from diverse systems into common, clinically validated terminology.
Acquisitions, Funding, Business, and Stock
Well Health Technologies forms a new subsidiary dedicated to investing in and marketing digital health apps. The Canadian company, which recently launched a cybersecurity division, also has a network of clinics and an EHR business unit.
Walmart Health will open six more clinics in the Atlanta area by the end of this year, bringing its total to at least 13 by the end of 2021. The company already has clinics or plans to open them in Georgia, Arkansas, Illinois, and Florida. Reports suggest that Walmart may incorporate its healthcare services into its forthcoming subscription service, Walmart+, or offer access to telemedicine services from partners Doctor on Demand or 98point6. The program’s annual $98 fee will include same-day grocery deliveries, fuel discounts, and other unnamed perks.
Announcements and Implementations
Birmingham Heart Clinic (AL) will implement EHR, practice management, patient engagement, and financial analytics software from TSI Healthcare.
Northeast Valley Health deploys InteliChart’s Healthy Outcomes patient engagement software across its 16 community health centers in California.
DrChrono adds ClearGage’s patient estimator and financing software to its practice management system.
Office Practicum will add telemedicine capabilities from Anytime Pediatrics to its specialty EHR.
Government and Politics
The HHS Office for Civil Rights fines Metropolitan Community Health Services $25,000 for failing to adopt a corrective action plan to settle potential HIPAA violations from a 2011 data breach. The North Carolina-based FQHC has also agreed to two years of corrective monitoring.
GeekWire profiles Remmie Health, a Seattle-based startup that has developed an otoscope-like device for use at home. Biomedical engineer Jane Zhang developed the device after struggling through several years of ENT visits with her young son for ear infections. She and her team are developing symptom assessment and telemedicine capabilities to help parents cut down on office visits.
More news: HIStalk.