HEALTHTECH SECURITY, MEDICAL DEVICES
Nordic Consulting | December 19, 2022
Nordic Consulting, a global health and technology consulting company announced it has closed a deal to become a minority investor in Fortified Health Security, a best-in-class managed security services provider to the healthcare industry. Nordic is joined by majority investors Silversmith Capital Partners and Health Velocity Capital.
Nordic and Fortified entered into a strategic partnership last August, designed to bolster the cybersecurity support and services available to healthcare organizations. This deal will allow Fortified to accelerate its technology roadmap and support operational scale.
"Cybersecurity is a critical issue in the healthcare industry, and we are grateful to have Fortified's award-winning services and support available to our clients. We have been very impressed with the work Fortified has done, especially since we announced our partnership last year, and we're looking forward to continuing this alliance into the new year. As the industry continues to embrace cutting-edge technology, cybersecurity continues to be top-of-mind for our organization. Our clients will benefit from Fortified's innovative, mission-driven approach to minimizing cybersecurity risk and protecting their businesses."
Jim Costanzo, CEO of Nordic
Both Nordic and Fortified were recognized with KLAS awards in 2022. Nordic was named Best in KLAS for Overall IT Services, as well as in the HIT Implementation Leadership (large), Revenue Cycle Optimization, and Technical Services (via S&P Consultants) categories. Fortified was awarded Best in KLAS for Security & Privacy Management Services. The combination of these industry-leading capabilities allows Nordic to offer clients security advisory services and managed cybersecurity programs uniquely focused on the healthcare industry.
"Nordic and Fortified are organizations with innovative spirits and deep commitments to our clients' success. Our formal partnership over the past year has underscored just how complementary our offerings are and how much more our clients can benefit from our connected services," said Dan L. Dodson, CEO of Fortified. "This investment will directly support our business' growth plans, as well as how we deliver work to clients and solve their needs. We are excited to continue our partnership with Nordic in this deepened and meaningful way."
About Nordic Consulting
Nordic is an award-winning global health and technology consulting company that partners with health leaders around the world to create healthier systems, businesses, and people. Together, our global team of more than 2,100 professionals brings decades of experience across our key focus areas of strategic advisory, digital and cloud initiatives, implementation and support, and managed services. Nordic and its network of companies, including Bails, Healthtech, Hygeian Consulting, and S&P Consultants, support more than 700 clients in their efforts to harness the power of technology on a global scale.
About Fortified Health Security
Fortified is Healthcare's Cybersecurity Partner® – protecting patient data and reducing risk throughout the healthcare ecosystem. A managed security service provider that has been awarded many industry accolades, Fortified works alongside healthcare organizations to build customized programs designed to leverage their prior security investments and current processes while implementing new solutions that reduce risk and increase their security posture over time. Led by a team of industry-recognized cyber experts, Fortified's high-touch engagements and client-specific process maximize engagement value and deliver an actionable, scalable approach to help reduce the risk of cyber events.
About Silversmith Capital Partners
Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management. Silversmith's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, DistroKid, impact.com, Iodine Software, LifeStance Health, Market Access Technologies, MediQuant, Nordic Consulting, PDFTron, Upperline Health and Webflow.
About Health Velocity Capital
Health Velocity Capital invests exclusively in innovative healthcare software and services companies. The firm's partners have more than 90 collective years as investors, entrepreneurs, and executives helping to finance and build innovative companies that created important new healthcare markets and that became market leaders, including successful companies such as Teladoc, Livongo Health, Change Healthcare, MDLive, Contessa Health, Headspace Health, Aspire Health, Zipari, IVX Health, Artera Compassus, Aperio, The Advisory Board Company, Healthways US Renal Care, Spero Health, OnShift, and many others. The firm counts among its limited partners many of the largest and most influential healthcare organizations in the country and current and former senior healthcare executives who collectively represent organizations that insure more than 175 million Americans, operate more than 700 hospitals, provide pharmacy and PBM services to everyone in the United States, and sell software to every major US health system.
DIGITAL HEALTHCARE, MEDICAL DEVICES
Medsphere Systems Corporation | December 15, 2022
Virgin Pulse, the leading global digital-first health, wellbeing, and navigation company, announced that it has entered into a collaborative agreement with Medsphere Systems Corporation, the leading provider of affordable and interoperable healthcare IT platform solutions and services.
The two companies have established a long-term referral partnership that makes Medsphere’s Marketware physician relationship management (PRM) platform the preferred solution for Virgin Pulse clients; Virgin Pulse is now the preferred customer relationship management, patient acquisition and retention, and data/analytics solution provider for Marketware clients.
“Our Homebase for Health platform and strategy is focused on providing the market with a comprehensive digital health activation and engagement solution that unifies health, wellbeing, and navigation for clients and consumers. As we looked across our solution set, we recognized that our PRM offering was sitting slightly adjacent to that core strategy. To ensure that our health system clients are getting the latest advancements in provider relations, we are helping transition them to Marketware’s PRM. We look forward to introducing Marketware clients to our growing offerings for patient acquisition and retention as well.”
Jeff Yoshimura, chief product officer for Virgin Pulse
Virgin Pulse will continue to offer and invest in VP Activate, which delivers data-driven, multi-channel outreach capabilities – including CRM/patient acquisition and retention – that drive people to take critical health actions. VP Activate leverages real-time data and engagement experts to accurately identify and reach up to 95% of targets with integrated digital and offline channels that maximize campaign results.
The Marketware division of Medsphere is transitioning Virgin Pulse clients who are currently using the Physicianology PRM solution to its best-in-class PRM platform moving forward. Virgin Pulse is discontinuing Physicianology as of December 31, 2022.
“Hospitals and health systems today face challenges when it comes to managing both their physician network and patient populations, creating a prime opportunity for technologies from Marketware and Virgin Pulse to make a big difference,” said Josh Cameron, executive vice president, Marketware Division of Medsphere. “We look forward to working with Virgin Pulse to support health systems by maximizing our core competencies to help them reach their goals. We also welcome Virgin Pulse PRM clients to Marketware and are committed to providing them with a high-quality experience.”
Marketware’s Physician Relationship Management (PRM) platform makes it easier than ever to plan, track and measure the effectiveness of liaison activity across key growth initiatives. With Marketware, healthcare organizations are better armed to prevent physician turnover and loss of revenue by keeping close track of organized timelines and task assignments. Recruiters and C-level decision makers can review the responsiveness of physician recruits and close the loop on any obstacles to access or service issues.
About Virgin Pulse
Virgin Pulse is the leading digital-first health, wellbeing, and navigation company that empowers organizations across the globe to activate populations, improve health outcomes, and reduce spend in an era of accelerating cost and complexity. Virgin Pulse’s Homebase for Health® connects data, people, and technology to deliver high tech, human touch experiences that engage and reward individual journeys. Virgin Pulse impacts over 100 million people across 190 countries by helping Fortune 500, national health plans, and many other organizations change lives – and businesses – for good.
HEALTH TECHNOLOGY, FUTURE OF HEALTHCARE
Compulink Healthcare Solutions | January 03, 2023
As the market leader in specialty-specific, all-in-one EHR solutions, Compulink Healthcare Solutions has earned the ONC-Health IT 2015 Edition Cures Update Health IT certification that will come into effect in 2023. This includes the most recent interoperability standards essential for supporting compliance with the information-sharing requirements of the 21st Century Cures Act.
Compulink said that getting certified early shows how committed they are to making sure that their clients' solutions are in line with the many rules that require the use of certified EHR technology.
Compulink Advantage™ is an all-in-one database EHR solution that provides its clients with practice management, inventory management, patient portal, mobile patient engagement, ASC, E-Commerce, analytics, optical POS (for eyecare practices), and a billing (RCM) service option. The company offers complete EHR solutions for ophthalmology, optometry, orthopedics, otolaryngology, behavioral health, dermatology, gastroenterology, podiatry, pain management, physical therapy, audiology, and urology.
Drummond Group LLC, an authorized certification body, certified Compulink's EHR products (ACB). Drummond, testing for more than 20 years, has done more than 3,000 tests and certifications for health IT since 2010.
About the Certification
Compulink Advantage Version 12 complies with the 2015 Edition. It has been approved as such by an ONC-ACB based on the criteria for certification set by the Secretary of Health and Human Services. This certification does not mean that the United States Department of Health and Human Services backs the product or service in question.
About theCompulink Healthcare Solutions
Compulink Healthcare Solutions all-in-one EHR and practice management solution has helped specialty medical practices reduce costs, increase efficiency, and simplify the delivery of excellent patient care. Compulink is the leader in fully customizable EHR solutions that adapt to your practice style and is used by over 26,000 providers in over 4,700 locations, 70 ambulatory surgical centers, and 19 colleges and universities.