Telemedicine Surge Drives Increased EHR Utilization, New Study From JAMA Reveals
In a recently published report in JAMA Internal Medicine, A. Jay Holmgren, PhD, and colleagues explore the relationship between the increasing adoption of telemedicine and key indicators of electronic health record (EHR) utilization among ambulatory physicians. Over a period of 115 weeks, the study observed 1,052 ambulatory physicians at a major academic medical center, providing a robust dataset of 35,697 physician-week observations. The aim of the study was to investigate how telemedicine utilization influenced physician EHR engagement and patient messaging volume in the ambulatory healthcare setting. There has been an increase in telehealth M&A this year. While most eHealth... Read More »
Danaher Disappoints with Q3:23 Sales and Profit Decline
Danaher Corp. (NYSE: DHR), a well-known player in the medical device market, recently unveiled its third-quarter financial results on October 24. With a global presence, Danaher specializes in the design, manufacture and distribution of professional, medical, industrial and commercial products and services. The latest earnings report painted a somber picture for Danaher, as the company grappled with a decline in both sales and profits compared to the previous year. This underwhelming performance came as the pharma and biotech sectors experienced a broader loss of momentum in critical markets. “Pharma and biotech took a modest step down, and that was particularly the case in the U.S. In... Read More »
Akumin Files for Bankruptcy to Eliminate $470 Million in Debt
Radiology provider Akumin announced that it has filed for Chapter 11 bankruptcy protection in a bid to eliminate a debt of $470 million, as reported by Radiology Business. Akumin’s approach is to convert this debt into common shares of the company’s stock, which will be owned by their lender, Stonepeak. As part of this restructuring, Akumin will transition from a publicly traded entity to a privately held company, bolstered by an infusion of $130 million in new investment from Stonepeak. The decision marks the conclusion of a period of financial turmoil for Akumin, which saw the value of its stock plummet by more than 80% in the past year. This crisis was exacerbated by... Read More »
UnitedHealth Group Reports 14% Growth YoY, Expands Services & Customer Base
UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported its third-quarter financial results on Friday, October 13. Last year, the company reported positive performance and balanced growth across its Optum and UnitedHealthcare business segments. This trend has continued into Q3:23, as the company’s growth in the third quarter was attributable to an increase in the number of people served by Optum and UnitedHealthcare, and the broadening scope of services offered. During Q3:23, UnitedHealth reported group revenues of $92.4 billion, up 14% from $80.9 billion in Q3:22. The company also announced Q3:23 earnings from operations of $8.5... Read More »
Healthcare M&A Volume Falls in Q3:23, According to Acquisition Data from LevinPro HC
Health care merger and acquisition activity declined in the third quarter of 2023, dropping to 497 deals, according to new acquisition data from LevinPro HC. Activity in the third quarter was 16% lower than in the second quarter, when 598 transactions were announced. Compared with the third quarter of 2022, activity fell 19% in the third quarter of 2023. The slowdown was felt across each healthcare vertical. Activity in sectors such as Physician Medical Groups saw significant declines in M&A volume, with 120 deals, a 20% decrease compared to the previous quarter. Demand for healthcare real estate, such as medical office buildings and properties, has driven high deal volume in the Other... Read More »Schedule a demo
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