Remote Patient Monitoring May Continue Growth Trend for the Rest of the Decade
Consistent annual growth in deal volume has characterized the remote patient monitoring (RPM) market in recent years. Projections throughout much of the rest of the decade support the possibility that the trend will continue. According to MarketsandMarkets, the size of the global RPM market in terms of revenue was estimated to be worth $71.9 billion in 2023 and is poised to reach $207.5 billion by 2028, growing at a compound annual growth rate of 23.6 percent from 2023 to 2028. RPM allows patients to be monitored for specific health conditions and can prevent complications for those who can’t easily travel, according to telehealth.hhs.gov. Symptoms and conditions that can be tracked... Read More »
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 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
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, 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 »Schedule a demo
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