Brightside Health Expands into Substance Use Disorder and Virtual Intensive Outpatient Treatment

Brightside Health Expands into Substance Use Disorder and Virtual Intensive Outpatient Treatment

Brightside Health announced on June 12 that it will now offer virtual intensive outpatient programs (IOP) for substance use disorder (SUD). Brightside Health’s acquisition of Lionrock Recovery launched this new service, enabling the company to provide comprehensive telemental health treatment for a wider range of mental health conditions, including anxiety, depression, suicidal thoughts, alcohol use disorder and SUD. Founded in 2010, Lionrock Recovery was an early pioneer in virtual substance abuse counseling. Lionrock Recovery takes a personalized approach to care and leverages technology to break down barriers for those struggling with alcohol and other substance use. Brightside Health... Read More »
NeuroFlow Acquires eHealth Company Owl

NeuroFlow Acquires eHealth Company Owl

NeuroFlow announced on June 11 that it has acquired Owl, a measurement-based care technology company. Owl is a comprehensive behavioral health solution that helps organizations deliver quality care and improve patient outcomes. Its measurement-based care platform empowers healthcare providers with accurate data and insightful analytics to enhance treatment strategies. NeuroFlow is a mental wellness platform that allows clinical professionals to monitor patients’ behavioral health and deliver personalized treatment plans in compliance with HIPAA regulations. The merger significantly enhances the breadth of solutions and services NeuroFlow and Owl will provide its existing partners while... Read More »
Sales Above $1 Billion Show Power of the Revenue Cycle Management Market

Sales Above $1 Billion Show Power of the Revenue Cycle Management Market

In recent years, sale price announcements exceeding $1 billion have been a significant indicator of the strength of the healthcare industry’s revenue cycle management (RCM) subsector. Industry experts highlight the factors driving interest in RCM companies. “Historically, healthcare technology has been viewed as lagging behind other industries, but we’re seeing today’s technology evolve at a much faster pace,” said Brian Greenberg, CEO of Rockville, Maryland-based Greenberg Advisors, LLC, which provides M&A and strategic advisory solutions to business services and technology companies in the RCM, healthcare information technology and related markets. “The computer-assisted coding... Read More »
Med-Metrix Acquires Delaware-Based RCM Company

Med-Metrix Acquires Delaware-Based RCM Company

Med-Metrix, LLC, backed by Greenwich, Connecticut-based private equity firm A&M Capital Partners, announced it has acquired Hospital Billing & Collection Service, Ltd (HCBS), headquartered in New Castle, Delaware. HCBS is a premier, tech-enabled revenue cycle management (RCM) company that offers a comprehensive suite of RCM solutions. Since 1985, HBCS has served health systems across the United States and currently works with more than 75 hospital and physician groups. Med-Metrix, LLC is a leading technology-enabled services platform providing revenue cycle management and business intelligence solutions for health systems and physician groups across the United States. The company... Read More »
Health Catalyst Completes Acquisition of Carevive Systems

Health Catalyst Completes Acquisition of Carevive Systems

Health Catalyst, Inc. announced that it has successfully completed its acquisition of Boston-based Carevive Systems. Carevive Systems, founded in 2013, is an oncology-focused health technology company dedicated to understanding and improving the cancer patient experience. Its platform enables providers to monitor and manage patients remotely, which improves survival outcomes and patient quality of life. Use of Carevive in the clinic unlocks critical data on the real-world cancer patient experience to continuously improve patient care today and advance cancer drug development. Health Catalyst is a data warehousing, analytics and outcomes-improvement company that helps healthcare... Read More »
Valsoft Corporation Acquires Progitek 

Valsoft Corporation Acquires Progitek 

On June 3, Valsoft Corporation announced that it acquired Quebec City-based Progitek.  Founded in 1995, Progitek is a dental practice management software company. The company provides a software platform aimed at helping dentists go paperless and manage their clinics. The platform allows users to manage appointments, collect invoices, create treatment plans and create dental plans, among other features.   Valsoft Corporation acquires and develops vertical market software companies, helping each business to deliver the best mission-critical solutions for customers in their respective industry or niche. The company is based in Montreal, Canada.  In January, Valsoft received... Read More »