RPA, Cloud, and Analytics turn crucial enablers as partnerships form around healthcare operations

Key Insights and Signals – Hospital & Healthcare

Centre setup and Expansion
IU Health launches “Cyber lab” to test medical device security
IU Health launched a Cyber lab to test the security of medical devices used for patients; The new lab is testing the cybersecurity of about 15 devices, including anesthesia and electrocardiogram machines, infusion pumps, and patient monitors. The lab will use its research to alert manufacturers or other hospitals of vulnerabilities they find to be resolved. Read More>>
Mergers and Acquisition
Amwell acquires two virtual health companies for USD 320 Mn
 Amwell has signed definitive agreements to acquire SilverCloud Health, a digital mental health platform, and Conversa Health, a leader in automated virtual healthcare. Both deals have an aggregate worth of USD 320 Mn combined and will allow Amwell to accelerate its work to redefine the practice of medicine and always-on healthcare companionship. Read More>>
RV Health acquires from Mercury Healthcare is the leading online marketplace to find and connect with the right doctor, hospital, and proper care. As part of the acquisition, more than 200 employees will join Red Ventures’ larger team of more than 4,500 employees worldwide. Read More>>
Cadence launches with USD 41 Mn & a foundational partnership with LifePoint Health
Cadence has built a breakthrough remote care management platform that will deliver better care to people managing chronic conditions at scale. The funding was led by General Catalyst and Thrive Capital. Cadence will implement its remote patient monitoring platform for 100,000+ LifePoint Health members with chronic conditions across the US as part of the foundational partnership. Read More>>
GoodRx strikes a deal with medication data giant Surescripts
The agreement would provide prescribing healthcare providers with information about the cash price of drugs, along with Surescripts’ database on drug prices as covered by pharmacy benefit managers. Surescripts dominates the e-prescribing market, offering technology that routes clinicians’ electronic prescriptions directly to pharmacies. Read More>>
Syneos Health inks a deal with Aetion for real-world data pact 
The deal is designed to deepen their data and analytics reach within life sciences. Syneos will integrate its data collection and research tools, which aim to support biopharma in accelerating product development and demonstrating value to healthcare stakeholders, with the Aetions evidence platform. Aetion will also join Syneos’ ecosystem of preferred data and tech providers. Read More>>
UNC Health expands partnership with Gozio, increases focus on digital patient engagement
Gozio Health believes strong digital patient engagement is a vital tool in improving health outcomes and the patient experience. By giving patients streamlined access to trusted health resources and tools via their smartphones, healthcare providers can arm patients with a digital health companion that empowers them to take control of their health. Read More>>
Microsoft ties up with Apollo Hospitals for digital healthcare solutions 
The digital Arm of the Apollo Hospitals Group and Microsoft India have joined hands to launch enterprise solutions within the Microsoft work suite. With the integration of Apollo and Microsoft, employees can access medical facilities, including medical teleconsultations, vaccine bookings, pharmacy, diagnostic tests, electronic health records, and wellness programs within the suite. Read More>>
Spartanburg Regional Healthcare System partners with Omnicell
Spartanburg is advancing its journey to zero-error medication management and a fully independent pharmacy with the addition of Omnicell’s cloud-based intelligence. Through Omnicell One, a cloud-based intelligence service, the company expects to gain the insights, and workflow tools needed to improve medication inventory optimization, medical wastage reduction, and drug diversion monitoring  Read More>>
Delta Dental partners with ARAG to extend legal insurance, ID protection to clients
Delta Dental has launched a new partnership with legal insurance provider ARAG North America Inc. to offer legal insurance and identity theft protection to Delta Dental customers with fewer than 250 employees. ARAG legal insurance provides employees access to a national network of attorneys with the most covered matters paid in full. Read More>>
Executive Movement 
Healthcare data analytics provider MultiPlan announces leadership transitions
MultiPlan Corp, a leading provider of data analytics and cost management solutions to the US healthcare industry, announced that long-time executive Dale White had been promoted to President and COO. Since he joined the Company in 2004, Dale has ascended to increasingly expansive leadership roles that cut across every facet of MultiPlan’s business. Read More>>
Baystate Medical Center names interim president
Frank J. Cracolici will lead Baystate Medical Center as interim president on Chestnut Street in Springfield. The Center is currently at a moderate risk level for visitors. Cracolici previously served as Senior Advisor to the CEO at Morton Hospital located in Taunton, Mass. Before that, Cracolici was the President and CEO of St. Vincent Medical Center in Los Angeles, California. Read More>>
Anthem’s Board welcomes Susan Dodson DeVore as the new Director
Ms. DeVore has decades of leadership experience in the healthcare and financial industries and can help create and develop solutions that promote the efficiency and sustainability of healthcare models. She recently retired after more than a decade as Chief Executive Officer and Director of Premier, Inc. Read More>>
Deals and Deal renewals
Lyfegen platform supports Johnson & Johnson to drive value-based healthcare strategy 
Lyfegen aims to drive the shift towards improved patient health outcomes and more efficient use of financial and human resources, enabling a sustainable post-COVID-19 healthcare environment. The platform digitalizes and automates the execution of value-based healthcare agreements, paving the way for the resource-efficient scaling of such agreements. Read More>>
GoHealth and GoodRx announce exclusive Medicare agreement
The agreement will bring GoHealth’s Medicare enrolment and engagement solutions directly to GoodRx users on the GoodRx platform. GoodRx consumers who want to explore Medicare coverage options and understand potential benefits or savings will be able to access information about GoHealth’s market-leading Medicare plan selection solutions. Read More>>
Carrum Health and Vizient collaborate to accelerate National rollout of Bundled Payment Centers
The agreement enables Carrum Health to dramatically accelerate the expansion of its regionalized Center of Excellence (COE) marketplace and more efficiently apply its quality analysis to evaluate potential COEs to join the Carrum Health platform. Carrum Health will leverage Vizient’s industry-leading analytics to provide value-based insights regarding high-quality, affordable care for self-insured employers. Read More>>
Confluence Health severs contract with Premera, state’s second-largest insurer
Confluence Health will end its contract with “Premera Blue Cross” over what it calls Premera’s unwillingness to pay a consistent rate with other commercial payers in the market. The agreement was negotiated for months before its board of directors decided to sever the contract, and there are no more meetings scheduled between the healthcare provider and the insurer. Read More>>

Key Insights and Signals in Pharmaceuticals 

Mergers and Acquisition
Sanofi acquires US biotech Translate Bio in USD 3.2 Bn transaction
Under the agreement terms, Sanofi will acquire all outstanding shares of Translate Bio for USD 38.00 per share in cash, reflecting a total equity value of USD 3.2 Bn. Translate Bio adds an mRNA technology platform and robust capabilities to Sanofi’s research, further advancing their ability to develop best-in-class vaccines and therapeutics. Read More>>
Cardinal Health and Chronicled partner to leverage Blockchain in Pharma supply chain
Cardinal Health and Chronicled announced a partnership to leverage a new blockchain-powered solution on the MediLedger Network to streamline operations across the pharmaceutical supply chain and enable a reliable experience for pharmacies across the country. Read More>>
Center setup and Expansion
Eris Lifesciences plans a USD 17.4 Mn manufacturing facility in Gujarat
The facility, estimated to be about ten times the size of Eris’ existing facility at Guwahati, will be developed in a phased manner, with the first investment of approximately USD 17.4 Mn. The Guwahati facility in Assam is spread over 100,000 sq. ft and carries WHO-GMP certification. The company has adopted a strategy to maximize in-house production to maintain costs, quality, and supply security. Read More>>

Key Insights and Signals in MedTech

Mergers and Acquisition
Life Sciences firm Bioventus to acquire NY-based Misonix for USD 518 Mn
Bioventus, a global orthobiologics company, will acquire Misonix, a New York-based developer of ultrasonic surgical devices, in a cash-and-stock transaction valued at about USD 518 Mn. The boards have unanimously approved the acquisition of directors of both Bioventus and Misonix. The deal is expected to close in the fourth quarter of this year. Read More>>
AliveCor and Acutus partner for post-market study
AliveCor and Acutus Medical will collaborate to assess the integration of data collection tools across the cardiology continuum of care, which may help guide decision-making in the management of cardiac arrhythmia patients. The collaboration includes a US post-market pilot study to understand how physicians can utilize the KardiaMobile device to facilitate pre-ablation and/or post-ablation remote monitoring. Read More>>

Latest Industry Insights from Draup Braindesk

Intelligent automation is perceived as the vital technological application to increase the  production and maintenance process efficiency. 

  •  IBM has developed an IoT-based solution for monitoring drug effectiveness for Pfizer
  • Merck developed an agile standardized modular filter plant leveraging IoT and automation technologies from Siemens
  • Bosch developed an aseptic filling line to prevent environmental monitoring intrusions for GSK 

Pharmaceutical companies utilize robotic process automation (RPA) and cloud-based solution providers to develop and deploy solutions for quality control and validation operations. 

  • Oracle collaborated with ‘Phlexglobal’ to integrate “eClinical” technology and “Trial Master File’ solutions and accelerate regulatory compliance in clinical trials & inspection activities. 
  • Pfizer teamed up with ‘Pega’ to develop an RPA-based ‘Quality System for Document Compliance’ solution to automate quality control reviews for documents submission. 
  • ArisGlobal leveraged AWS cloud to launch ‘LifeSphere,’ a SaaS platform to assist life science companies in continuously maintaining drug safety-related compliances 

Healthcare vendors are working to modernize the capabilities of EHRs to generate and extract data in real-time
  • Varian Medical Systems partnered with Flatiron Health to develop next-gen cloud-based EHR data analytics and decision support software for cancer care providers. 
  • NYP has partnered with Splunk to develop data analytics tools that helps in tracking data from EHRs to ensure that controlled substances are not being inappropriately diverted. 

Latest Reports Published in Draup

Regulatory Compliance Services in Life Sciences & Medical Devices – Thought Leadership Report: Pharmaceutical companies are partnering with robotic process automation and cloud-based solution providers to develop and deploy solutions for quality control and validation operations. Read More>>
Demant Account Intelligence Report – Account Intelligence Report: 
Demant expanded its hearing health care by a new branding platform, which provides hearing care professionals and their patients with hearing technology that improves hearing and changes lives. Read More>>

Key Funding Alert

Healthcare startup Dozee raises USD 6 Mn in Series A funding 
The company will use the fresh capital in R&D to launch new products and enhance its platform capabilities. It will also use the funds to increase its presence in high dependency unit (HDU) ward monitoring, home monitoring and to deliver a cloud-enabled continuum of care. Read More>>

Startup Spotlight

Company – Swift Medical
Total Funding USD 48.28 Mn
HQ Location – Toronto, Canada Area 
About: Swift Medical is a digital wound care technology to improve the prevention, treatment, and management of wounds. It helps in precise, consistent measurement, instant documentation, and wound progression images with a smartphone. 
Read More>>
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