Patients Are The New Partners In Reproductive Health Research

MICHAELA GONZALEZ | 130 views

I was 14 when I assisted my mother in giving birth to my brother, Benjamin. My step father worked the swing shift seven days a week, which meant my mother and I were each other’s primary support systems. After learning she had gone into labor, I arrived at the hospital and found my mom in her hospital room writhing in pain, exhausted, and completely alone. In a low-income neighborhood, this woman giving birth alone, unsupported, without her partner was likely seen by most, as just another statistic. Except to me...

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HEALTH TECHNOLOGY

Wearable Technology: A Pool of Opportunities in Healthcare

Article | August 12, 2022

Introduction The field of smart wearable devices has advanced significantly in recent years as a result of the advent of mobile medicine, the development of new technologies like smart sensing, and the increased penetration of personalized health concepts. These Internet of Things (IoT)-based smart devices not only help people pursue a healthier lifestyle, but also offer a constant flow of healthcare data, which can be used for disease diagnosis and treatment, by actively recording, tracking, and monitoring metabolic status and physiological parameters. Wearable technologies have the potential to completely change the ways to monitor health behavior and are increasingly finding clinical implementation for patients with various types of diseases. Wearable Technology: New Ways of Patient Monitoring While wearable technology has demonstrated value in the fields of entertainment, fitness, and gaming, it is making inroads into the healthcare industry at a rapid pace. Increasing advancements in sensor technology and artificial intelligence (AI) are assisting millions of people in detecting and managing chronic health conditions and avoiding serious illnesses using devices that are as small as a patch the size of a penny or small enough to be worn on the wrist. According to a study, nearly 320 million consumer health and wellness wearable devices are estimated to be shipped across the globe in 2022, and the number is likely to surpass 440 million units as a number of new devices come out and more healthcare providers start using them. Most wearable devices, such as smartwatches, now include heart rate monitors, and some have FDA approval for detecting abnormalities such as atrial fibrillation, a major cause of stroke. As these devices become more intelligent, the percentage of patients and consumers who use them to manage chronic health conditions and diagnose symptoms of serious diseases is likely to rise. This is expected to assist the sales of wearable devices in healthcare to exceed $195 billion by the end of 2027, presenting huge prospects for healthcare equipment providers and associated companies to benefit from the opportunity. The Future of Wearable Technology in Healthcare Though wearable technology is experiencing rapid growth, the field is still considered to be in its nascent stage, presenting massive remunerative prospects for the manufacturers of smart devices, especially in the healthcare industry. Hence, companies of all kinds, from giants to upstarts, are emphasizing on investing and developing new wearable devices with new features and functionalities to meet the surging demand for wearables across healthcare in coming years.

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HEALTH TECHNOLOGY

The Long-Term Care Software: Mapping the Future

Article | July 13, 2022

Long-term care comprises all the health services that help patients with chronic illnesses or disabilities meet their medical and non-medical needs. It caters to those who cannot care for themselves for extended durations. For care providers, it becomes critical to meet the needs of patients on time while delivering top-notch quality, especially at a time when virtual care is more important than ever. To remedy this, many of the tasks and processes within long-term care are supported by digital solutions. These long-term care software applications enable care providers to automate aspects of patient scheduling, inventory control, regulation and compliance, data management, care delivery management, and much more. Some of the end users of long-term care software include home healthcare agencies, nursing homes, and residential hospice care facilities. What is Driving the Growth of Long-Term Care Solutions? Digitalization has swept the healthcare industry, and medical technology now occupies a significant area of medical care delivery. With the demand for a robust healthcare infrastructure aggravated by a shortage of medical professionals, the need for automation is driving the growth of medtech across all areas of healthcare. In addition, fewer medical specialists and medical cost reduction initiatives combined are powering the long-term care software market’s growth. Challenges for the Long-Term Care Software Market Despite the rapid growth in the use of digital solutions to manage administrative and compliance tasks, technological transformations are expensive. The high maintenance costs incurred by care providers are a major hindrance towards a full-fledged adoption. Many care providers are also unwilling to adopt new applications due to the implementation and staff training costs involved in doing so. What the Future Holds? With an increase in remote care and the use of technologies like the Internet of Medical Things to deliver diagnostic services and preventive care, medtech is witnessing a revolution. Long-term care is bound to follow suit thanks to areas like remote patient monitoring and wearable technology. While the long-term care market is slated to grow by leaps and bounds, solution makers must find a way to help care providers warm up to the use of technology and de

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HEALTH TECHNOLOGY

Amazon Care: Revolutionizing Virtual Care

Article | July 19, 2022

In 2021, the introduction of Amazon Care marked the first time a prominent technology firm stepped into the healthcare services industry. The fact that Amazon filed paperwork to offer care in multiple states without much fanfare is intriguing. In March 2021, the company confirmed the details of its new services, announcing that it would be delivering the services through an independent private medical practice called Care Medical. The move may signify another diversification for Amazon, but what does it mean for the healthcare services landscape? The Highlights of Amazon Care’s Services Home healthcare Amazon announced that it would be participating in an advocacy group for home healthcare. The Moving Health at Home initiative aims to transform how policymakers view the home as a site to deliver clinical services. Amazon Care may be riding on the trend for home care that has been evolving in the form of remote patient monitoring for post-acute care management and chronic care. Employer-oriented offering Amazon Care aims to become a workplace benefit partner for employers. One of the pain points it is directly addressing is the challenge of runaway inflation that increases healthcare costs. Virtual care simplified The most significant offering that Amazon Care plans to lead with is virtual care that promises to reduce wait times for quality patient care to under 60 seconds. It also includes the option to access 24-hour care services through messaging and video calling. In addition, it eliminates unnecessary traveling and long wait times by delivering care in the comfort of the patient’s home. The Path Ahead Amazon is known for introducing a slew of initiatives in the health and fitness sector, like the Halo wearables, a data management product called Amazon Health Lake, and a healthcare delivery system called Haven, which doubled over in 2021 after a three-year run. However, the tech juggernaut is not about to stop attempting to disrupt healthcare services. Only time will tell whether Amazon Care finally proves to be a feather in Amazon’s healthcare cap or another ambitious project that bites the dust.

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HEALTH TECHNOLOGY

3 IT Investment Strategies Hospitals Can Use to Improve Patient Care

Article | July 5, 2022

Rural, community, and independent hospitals are constantly facing mounting challenges in the form of staff shortages, accessibility to patient care and a multitude of cost concerns. Getting even one of these areas under control can help hospitals drastically boost their outcomes. Here are three areas of IT investment that hospitals must control to go beyond staying functional and create an excellent patient experience. Telehealth for Staff Shortage Healthcare currently face massive staff shortage with a projected gap of up to 48,000 primary care physicians and up to 77,100 specialty physicians till 2034. The effects of this shortage could be lessened by using virtual care, which would allow hospitals to care for patients through remote staffing. Digitalizing Patient Care with Asynchronous Telehealth Async telehealth of patients sending photos and videos to fast-track diagnosis. Async telehealth makes it easier for doctors to connect with more patients. This shortens the time it takes to see specialists and get important care services. Remote Patient Monitoring According to a CDC report, 90% of all healthcare spending goes into treating chronic conditions. Considering that U.S. nonmetropolitan areas have a high number of patients diagnosed with chronic conditions, accessibility is one of the contributing factors. Remote patient monitoring enhances patient care for people with chronic conditions. Wearable medical devices are already driving the move towards remote patient monitoring. Whether it’s through wearable weight scales, heart monitors, blood pressure bands, or pulse oximeters, clinicians can generate regular updates about a patient’s health readings and ensure a timely response in order to avert complications. Conclusion There is much to be achieved on the healthcare front when it comes to digitalizing care. The above technologies are enabling healthcare providers take delivery of medical care further than ever and ensure they generate more traction from their IT investments in these areas of medtech.

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Penn Medicine is dedicated to high-quality patient care and service, advancing medical science through research, and educating the next generation of leaders in medicine.

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DIGITAL HEALTHCARE

Carbon Health Collaborates With Stanford Health Care to Create Innovative Healthcare Choices for Patients

Carbon Health | February 08, 2022

Carbon Health, a leading omnichannel healthcare provider, and Stanford Health Care, a leading academic health system, are announcing a new strategic relationship to increase geographically diverse points of healthcare access, enhance convenience for patients, and redefine healthcare delivery to hundreds of thousands of patients across Santa Clara County and southern San Mateo. In light of a more distributed workforce, the impact of COVID-19, and diverse patient healthcare needs, both Carbon Health and Stanford Health Care believe this collaboration will improve patients’ access to expanded healthcare services, while also keeping Stanford Health Care patients connected to their physicians. This collaboration will allow the exchange of necessary information between the two entities and improve access and care coordination for both Carbon Health and Stanford Health Care patients. This collaboration will also allow both groups to explore such areas as improvements to patient-care team connectivity, new access to research and clinical trials such as those related to long-haul COVID-19, and ways to extend care into the home. Stanford Health Care is joiningCarbon Health Connect,Carbon Health’s partnership ecosystem designed to increase access to critical health services, provide additional access points and streamline the patient experience as patients move across the care continuum. For Carbon Health’s patients, over 80% of typical needs can be addressed within Carbon Health’s primary and urgent care services. For the remaining patients that require additional specialty care, collaborating with Stanford Health Care ensures patients receive continuous, coordinated care that’s easy to navigate for both the patient and provider. The combination of Carbon Health’s omnichannel care model and Stanford Health Care’s market-leading primary care, specialty, and hospital-based services enhances both groups’ ability to rapidly provide accessible, cost-effective, and high-quality care in a deliberately designed way. The collaboration also brings Carbon Health’s modern clinics and omnichannel care model to Stanford Health Care’s patients, delivering care across a variety of access points including in-person clinics, virtual care and remote patient monitoring (RPM). The organizations will also collaborate to better serve employers and the broader community through innovative and coordinated care delivery models, including remote patient monitoring (RPM) and population health initiatives. The collaboration aims to provide Stanford Health Care patients more choice to meet their needs, closer to where they live. It will also provide greater convenience and digital connectivity that unites clinical experiences into a complete view for patients and their physicians. Carbon Health’s mission to make high-quality health care accessible to everyone aligns with Stanford Health Care’s vision of extending its mission to heal humanity through science and compassion into more communities close to where patients live. Carbon Health has nearly 60 urgent care and primary care clinics in California and 100 full-service clinics across 14 states. ​​​​Stanford Health Care and Carbon Health will collaborate to serve Stanford Health Care’s patients located on the Peninsula, which includes the County of Santa Clara, the southern portion of San Mateo County, including Redwood City, Menlo Park, Atherton, Woodside, Portola Valley and East Palo Alto. About Carbon Health Carbon Health is a leading national healthcare provider with a mission to make high-quality healthcare accessible to everyone. Carbon Health offers primary and urgent care to nearly two-thirds of the U.S. Leveraging its unique technology platform, Carbon Health provides its patients with omnichannel care, designed to meet patients where they are by delivering care across a variety of access points,including in-person clinics, virtual care, and remote patient monitoring (RPM). Carbon Health also focuses on value-based care and other value-add services to employers, health plans, health systems and other ecosystem partners. Founded in 2015, Carbon Health is headquartered in San Francisco and backed by Atreides, Blackstone Horizon, Dragoneer Investment Group, Brookfield Technology Partners (BTP), Fifth Wall, Lux Capital, Silver Lake Waterman, DCVC, and Builders VC. About Stanford Health Care Stanford Health Care seeks to heal humanity through science and compassion, one patient at a time, through its commitment to care, educate and discover. Stanford Health Care delivers clinical innovation across its inpatient services, specialty health centers, physician offices, virtual care offerings and health plan programs. Stanford Health Care is part of Stanford Medicine, a leading academic health system that includes the Stanford University School of Medicine, Stanford Health Care, and Stanford Children’s Health, with Lucile Packard Children’s Hospital. Stanford Medicine is renowned for breakthroughs in treating cancer, heart disease, brain disorders and surgical and medical conditions.

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HEALTH TECHNOLOGY

Apollo Medical Holdings, Inc. Announces Acquisition of Value-Based Care Technology Platform Orma Health

Apollo Medical Holdings, Inc. | January 28, 2022

Apollo Medical Holdings, Inc. ("ApolloMed," and together with its subsidiaries and affiliated entities, the "Company"), a leading physician-centric, technology-powered healthcare company focused on enabling providers in the successful delivery of value-based care, today announced that it has acquired 100% of the fully diluted capitalization of Orma Health, Inc., and Provider Growth Solutions LLC (together, "Orma Health") in accordance with an agreement between ApolloMed, Orma Health and certain equity holders of Orma Health. Founded in 2020, Orma Health has helped many physician groups transition to and succeed in the delivery of value-based care, enabling them to focus on their passion—caring for patients. Orma Health's real-time Clinical AI platform ingests data from multiple sources and utilizes advanced risk-stratification models to identify patients for various clinical programs, including remote patient monitoring ("RPM"), mental health support, chronic disease management, and more. Its clinical platform is also deeply integrated with Orma Health's proprietary RPM ecosystem, which consists of smart health devices and a suite of technology tools to help manage patients' health. Through its suite of AI-driven solutions, Orma Health currently serves over 4,000 aligned Medicare beneficiaries in a Direct Contracting Entity ("DCE") and over 2,500 patients inCalifornia,Nevada,ArizonaandTexasthrough its RPM platform. "We are excited about integrating Orma Health's business and technological capabilities with those of ApolloMed, tapping their leadership team's experience in working with DCEs and helping risk-bearing provider groups in the delivery of value-based care as we augment our capabilities to support providers in various Centers for Medicare & Medicaid Services Innovation Models. We believe this acquisition will further differentiate ApolloMed's technology platform and analytic capabilities while adding complementary lines of business to our operations that serve as business development opportunities." Brandon Sim, Co-Chief Executive Officer of ApolloMed Through leveraging its proprietary technology platform and extensive value-based care experience, ApolloMed has historically demonstrated tremendous success participating in Centers for Medicare & Medicaid Services ("CMS") Innovation Models. The acquisition of Orma Health serves to accelerate ApolloMed's product roadmap in developing an end-to-end technology platform that enables providers to succeed in all CMS Innovation Models, including DCE. Orma Health's real-time Clinical AI and RPM technologies will also be integrated into ApolloMed's existing solutions for its managed care populations and will further enhance ApolloMed's technology and analytics offering to its 1.2 million Medicare Advantage, Managed Medicaid, Commercial, and ACA members nationwide. This will allow ApolloMed providers to receive an additional layer of real-time, actionable insights and continue delivering high-quality care to their patients, tailored to their membership populations. As ApolloMed looks to expand its membership and enter new geographies, there are significant business development opportunities in deepening Orma Health's relationships with existing RPM providers and patients and extending that to ApolloMed's managed care and CMS Innovation Model solutions and offerings. As part of the acquisition,Neil Ahuja, co-founder and Chief Executive Officer of Orma Health, will join ApolloMed as President, Provider Solutions and spearhead continued efforts to enable physicians to transition to value-based care models successfully.Yubin Park, co-founder and Chief Technology Officer of Orma Health, will join ApolloMed as Chief Analytics Officer and lead the continued development and integration of Orma Health's AI-driven provider enablement technology into ApolloMed's technology platform. Mr. Ahuja commented, "We are pleased to be joining ApolloMed, bringing Orma Health's core competencies in developing innovative healthcare technologies that drive tangible outcomes for providers and their patients. ApolloMed has been a leading healthcare management company with a long history of successfully and profitably empowering physicians in the delivery of value-based care, making it the perfect partner for us. We look forward to contributing our expertise to expanding ApolloMed's MSO capabilities and the potential future opportunities that lie ahead." Mr. Park added, "I am excited to begin working closely with the ApolloMed team on integrating Orma Health's technologies with that of ApolloMed. At Orma Health, we, like ApolloMed, believe that data is king. The information we gather and analyze about our members over the years is critical to our ability to deliver the best healthcare experience and outcomes for patients. We are thrilled that Orma Health is now a part of ApolloMed's worthy mission of empowering providers in delivering high-quality care and improved outcomes for its members." According to the terms of the agreement, a portion of the purchase price was paid in cash to the equity holders of Orma Health upon the closing of the transaction, another portion was paid in ApolloMed stock to the equity holders of Orma Health upon the closing of the transaction, and the remainder of the purchase price is to be paid in a combination of cash and stock to the equity holders contingent upon Orma Health achieving certain operational milestones over the 18 months after the closing. The Company will fund the transaction from cash on hand and shares of ApolloMed stock. About Apollo Medical Holdings, Inc. ApolloMed is a leading physician-centric, technology-powered, risk-bearing healthcare company. Leveraging its proprietary end-to-end technology solutions, ApolloMed operates an integrated healthcare delivery platform that enables providers to successfully participate in value-based care arrangements, thus empowering them to deliver high quality care to patients in a cost-effective manner. Headquartered inAlhambra, California, ApolloMed's subsidiaries and affiliates include management services organizations (MSOs), affiliated independent practice associations (IPAs), and a Next Generation Accountable Care Organization (NGACO).

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Mount Sinai boosts medication adherence through app that pays patients to take pills

Healthcare IT News | January 23, 2018

Mount Sinai Health System is trying a new way to get high-risk patients to take their medications: financial incentives. Supported by a grant from Health 2.0 and the New York City Economic Development Corporation, the New York health system has enrolled 12 patients in a pilot with startup Wellth. “What I’m so impressed with is a lot of companies go out and say ‘We want to make this and this is going to solve that problem,'” Jill Carroll, an IT project manager at Mount Sinai, told MobiHealthNews. “What [Wellth] did is they said ‘Here’s a really big problem we want to solve’ and they did a ton of research and they were really utilizing research that’s been done in behavioral economics.” Carroll will be sharing lessons learned from the pilot at the Digital and Personal Connected Health Conference, a one-day event in Las Vegas on March 5. With Wellth’s technology, patients can earn a few dollars a day for taking their pills on time, which can add up to a significant amount over a few months. At Mount Sinai, for example, patients can earn $50 for one month of adherence. To report their adherence, they simply snap a photo with their phone’s camera of the pills in hand.

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DIGITAL HEALTHCARE

Carbon Health Collaborates With Stanford Health Care to Create Innovative Healthcare Choices for Patients

Carbon Health | February 08, 2022

Carbon Health, a leading omnichannel healthcare provider, and Stanford Health Care, a leading academic health system, are announcing a new strategic relationship to increase geographically diverse points of healthcare access, enhance convenience for patients, and redefine healthcare delivery to hundreds of thousands of patients across Santa Clara County and southern San Mateo. In light of a more distributed workforce, the impact of COVID-19, and diverse patient healthcare needs, both Carbon Health and Stanford Health Care believe this collaboration will improve patients’ access to expanded healthcare services, while also keeping Stanford Health Care patients connected to their physicians. This collaboration will allow the exchange of necessary information between the two entities and improve access and care coordination for both Carbon Health and Stanford Health Care patients. This collaboration will also allow both groups to explore such areas as improvements to patient-care team connectivity, new access to research and clinical trials such as those related to long-haul COVID-19, and ways to extend care into the home. Stanford Health Care is joiningCarbon Health Connect,Carbon Health’s partnership ecosystem designed to increase access to critical health services, provide additional access points and streamline the patient experience as patients move across the care continuum. For Carbon Health’s patients, over 80% of typical needs can be addressed within Carbon Health’s primary and urgent care services. For the remaining patients that require additional specialty care, collaborating with Stanford Health Care ensures patients receive continuous, coordinated care that’s easy to navigate for both the patient and provider. The combination of Carbon Health’s omnichannel care model and Stanford Health Care’s market-leading primary care, specialty, and hospital-based services enhances both groups’ ability to rapidly provide accessible, cost-effective, and high-quality care in a deliberately designed way. The collaboration also brings Carbon Health’s modern clinics and omnichannel care model to Stanford Health Care’s patients, delivering care across a variety of access points including in-person clinics, virtual care and remote patient monitoring (RPM). The organizations will also collaborate to better serve employers and the broader community through innovative and coordinated care delivery models, including remote patient monitoring (RPM) and population health initiatives. The collaboration aims to provide Stanford Health Care patients more choice to meet their needs, closer to where they live. It will also provide greater convenience and digital connectivity that unites clinical experiences into a complete view for patients and their physicians. Carbon Health’s mission to make high-quality health care accessible to everyone aligns with Stanford Health Care’s vision of extending its mission to heal humanity through science and compassion into more communities close to where patients live. Carbon Health has nearly 60 urgent care and primary care clinics in California and 100 full-service clinics across 14 states. ​​​​Stanford Health Care and Carbon Health will collaborate to serve Stanford Health Care’s patients located on the Peninsula, which includes the County of Santa Clara, the southern portion of San Mateo County, including Redwood City, Menlo Park, Atherton, Woodside, Portola Valley and East Palo Alto. About Carbon Health Carbon Health is a leading national healthcare provider with a mission to make high-quality healthcare accessible to everyone. Carbon Health offers primary and urgent care to nearly two-thirds of the U.S. Leveraging its unique technology platform, Carbon Health provides its patients with omnichannel care, designed to meet patients where they are by delivering care across a variety of access points,including in-person clinics, virtual care, and remote patient monitoring (RPM). Carbon Health also focuses on value-based care and other value-add services to employers, health plans, health systems and other ecosystem partners. Founded in 2015, Carbon Health is headquartered in San Francisco and backed by Atreides, Blackstone Horizon, Dragoneer Investment Group, Brookfield Technology Partners (BTP), Fifth Wall, Lux Capital, Silver Lake Waterman, DCVC, and Builders VC. About Stanford Health Care Stanford Health Care seeks to heal humanity through science and compassion, one patient at a time, through its commitment to care, educate and discover. Stanford Health Care delivers clinical innovation across its inpatient services, specialty health centers, physician offices, virtual care offerings and health plan programs. Stanford Health Care is part of Stanford Medicine, a leading academic health system that includes the Stanford University School of Medicine, Stanford Health Care, and Stanford Children’s Health, with Lucile Packard Children’s Hospital. Stanford Medicine is renowned for breakthroughs in treating cancer, heart disease, brain disorders and surgical and medical conditions.

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HEALTH TECHNOLOGY

Apollo Medical Holdings, Inc. Announces Acquisition of Value-Based Care Technology Platform Orma Health

Apollo Medical Holdings, Inc. | January 28, 2022

Apollo Medical Holdings, Inc. ("ApolloMed," and together with its subsidiaries and affiliated entities, the "Company"), a leading physician-centric, technology-powered healthcare company focused on enabling providers in the successful delivery of value-based care, today announced that it has acquired 100% of the fully diluted capitalization of Orma Health, Inc., and Provider Growth Solutions LLC (together, "Orma Health") in accordance with an agreement between ApolloMed, Orma Health and certain equity holders of Orma Health. Founded in 2020, Orma Health has helped many physician groups transition to and succeed in the delivery of value-based care, enabling them to focus on their passion—caring for patients. Orma Health's real-time Clinical AI platform ingests data from multiple sources and utilizes advanced risk-stratification models to identify patients for various clinical programs, including remote patient monitoring ("RPM"), mental health support, chronic disease management, and more. Its clinical platform is also deeply integrated with Orma Health's proprietary RPM ecosystem, which consists of smart health devices and a suite of technology tools to help manage patients' health. Through its suite of AI-driven solutions, Orma Health currently serves over 4,000 aligned Medicare beneficiaries in a Direct Contracting Entity ("DCE") and over 2,500 patients inCalifornia,Nevada,ArizonaandTexasthrough its RPM platform. "We are excited about integrating Orma Health's business and technological capabilities with those of ApolloMed, tapping their leadership team's experience in working with DCEs and helping risk-bearing provider groups in the delivery of value-based care as we augment our capabilities to support providers in various Centers for Medicare & Medicaid Services Innovation Models. We believe this acquisition will further differentiate ApolloMed's technology platform and analytic capabilities while adding complementary lines of business to our operations that serve as business development opportunities." Brandon Sim, Co-Chief Executive Officer of ApolloMed Through leveraging its proprietary technology platform and extensive value-based care experience, ApolloMed has historically demonstrated tremendous success participating in Centers for Medicare & Medicaid Services ("CMS") Innovation Models. The acquisition of Orma Health serves to accelerate ApolloMed's product roadmap in developing an end-to-end technology platform that enables providers to succeed in all CMS Innovation Models, including DCE. Orma Health's real-time Clinical AI and RPM technologies will also be integrated into ApolloMed's existing solutions for its managed care populations and will further enhance ApolloMed's technology and analytics offering to its 1.2 million Medicare Advantage, Managed Medicaid, Commercial, and ACA members nationwide. This will allow ApolloMed providers to receive an additional layer of real-time, actionable insights and continue delivering high-quality care to their patients, tailored to their membership populations. As ApolloMed looks to expand its membership and enter new geographies, there are significant business development opportunities in deepening Orma Health's relationships with existing RPM providers and patients and extending that to ApolloMed's managed care and CMS Innovation Model solutions and offerings. As part of the acquisition,Neil Ahuja, co-founder and Chief Executive Officer of Orma Health, will join ApolloMed as President, Provider Solutions and spearhead continued efforts to enable physicians to transition to value-based care models successfully.Yubin Park, co-founder and Chief Technology Officer of Orma Health, will join ApolloMed as Chief Analytics Officer and lead the continued development and integration of Orma Health's AI-driven provider enablement technology into ApolloMed's technology platform. Mr. Ahuja commented, "We are pleased to be joining ApolloMed, bringing Orma Health's core competencies in developing innovative healthcare technologies that drive tangible outcomes for providers and their patients. ApolloMed has been a leading healthcare management company with a long history of successfully and profitably empowering physicians in the delivery of value-based care, making it the perfect partner for us. We look forward to contributing our expertise to expanding ApolloMed's MSO capabilities and the potential future opportunities that lie ahead." Mr. Park added, "I am excited to begin working closely with the ApolloMed team on integrating Orma Health's technologies with that of ApolloMed. At Orma Health, we, like ApolloMed, believe that data is king. The information we gather and analyze about our members over the years is critical to our ability to deliver the best healthcare experience and outcomes for patients. We are thrilled that Orma Health is now a part of ApolloMed's worthy mission of empowering providers in delivering high-quality care and improved outcomes for its members." According to the terms of the agreement, a portion of the purchase price was paid in cash to the equity holders of Orma Health upon the closing of the transaction, another portion was paid in ApolloMed stock to the equity holders of Orma Health upon the closing of the transaction, and the remainder of the purchase price is to be paid in a combination of cash and stock to the equity holders contingent upon Orma Health achieving certain operational milestones over the 18 months after the closing. The Company will fund the transaction from cash on hand and shares of ApolloMed stock. About Apollo Medical Holdings, Inc. ApolloMed is a leading physician-centric, technology-powered, risk-bearing healthcare company. Leveraging its proprietary end-to-end technology solutions, ApolloMed operates an integrated healthcare delivery platform that enables providers to successfully participate in value-based care arrangements, thus empowering them to deliver high quality care to patients in a cost-effective manner. Headquartered inAlhambra, California, ApolloMed's subsidiaries and affiliates include management services organizations (MSOs), affiliated independent practice associations (IPAs), and a Next Generation Accountable Care Organization (NGACO).

Read More

Mount Sinai boosts medication adherence through app that pays patients to take pills

Healthcare IT News | January 23, 2018

Mount Sinai Health System is trying a new way to get high-risk patients to take their medications: financial incentives. Supported by a grant from Health 2.0 and the New York City Economic Development Corporation, the New York health system has enrolled 12 patients in a pilot with startup Wellth. “What I’m so impressed with is a lot of companies go out and say ‘We want to make this and this is going to solve that problem,'” Jill Carroll, an IT project manager at Mount Sinai, told MobiHealthNews. “What [Wellth] did is they said ‘Here’s a really big problem we want to solve’ and they did a ton of research and they were really utilizing research that’s been done in behavioral economics.” Carroll will be sharing lessons learned from the pilot at the Digital and Personal Connected Health Conference, a one-day event in Las Vegas on March 5. With Wellth’s technology, patients can earn a few dollars a day for taking their pills on time, which can add up to a significant amount over a few months. At Mount Sinai, for example, patients can earn $50 for one month of adherence. To report their adherence, they simply snap a photo with their phone’s camera of the pills in hand.

Read More

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