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Aclarion Adds UHealth, University of Miami Miller School of Medicine as CLARITY Trial Site
Globenewswire· 2025-06-10 10:00
Core Viewpoint - Aclarion, Inc. announced the addition of UHealth — University of Miami Health System as a trial site for the CLARITY study, which aims to demonstrate the clinical and economic value of its Nociscan technology in spine surgery [1][2]. Company Overview - Aclarion is a healthcare technology company focused on chronic low back pain, utilizing biomarkers and proprietary AI algorithms to assist physicians in identifying pain sources [1][6]. - Nociscan is the first evidence-supported SaaS platform designed to noninvasively differentiate between painful and nonpainful discs in the lumbar spine [4][6]. CLARITY Trial Details - The CLARITY trial is a prospective, randomized multi-center study involving 300 patients scheduled for surgical treatment of 1- or 2-level discogenic low back pain [3]. - The trial will randomize patients in a 1:1 ratio between surgeons blinded to Nociscan results and those unblinded, with the primary endpoint being the change in back pain measured on a 100mm VAS at 12 months [3]. - UHealth joins other prestigious institutions like Johns Hopkins Medicine and Northwestern Medicine as a trial site [2][3]. Clinical Significance - Chronic low back pain affects approximately 266 million people globally, highlighting the need for effective diagnostic and treatment solutions [4]. - Nociscan aims to improve surgical outcomes by providing critical insights into the location of low back pain through the analysis of chemical biomarkers [4][8]. Research and Development - The CLARITY trial represents a unique opportunity to advance the spine industry and showcase the research capabilities of the University of Miami [2][7]. - Aclarion's technology leverages Magnetic Resonance Spectroscopy (MRS) to optimize clinical treatments for chronic low back pain [6][7].
MDaudit and Streamline Health Announce Definitive Merger Agreement
Globenewswire· 2025-05-29 12:00
Core Viewpoint - MDaudit is set to acquire Streamline Health Solutions in a cash transaction valued at approximately $37.4 million, which includes debt, aiming to enhance financial performance and billing compliance in healthcare organizations [2][3]. Company Overview - MDaudit is a cloud-based platform focused on continuous risk monitoring, helping healthcare organizations minimize billing risks and maximize revenues [2][12]. - Streamline Health Solutions provides solutions that enable healthcare providers to improve financial performance and address revenue leakage [13]. Merger Details - The acquisition will involve MDaudit purchasing all outstanding shares of Streamline stock for $5.34 per share, representing a premium of 138% over Streamline's closing price on May 28, 2025 [3][7]. - The merger is expected to close in the third quarter of 2025, after which Streamline will become a wholly-owned subsidiary of MDaudit and its stock will no longer be listed on the Nasdaq [8]. Strategic Rationale - The merger aims to combine Streamline's pre-bill integrity solutions with MDaudit's billing compliance and revenue integrity platform, enhancing the ability to unify data silos and improve revenue cycle management [4][5]. - Both companies share a vision of improving financial stability for healthcare organizations, which is increasingly important given the financial pressures faced by health systems [5][6]. Financial Implications - The combined entity will support healthcare organizations with an aggregate Net Patient Revenue exceeding $300 billion, providing enhanced visibility and actionable insights across the revenue cycle [1][4].
CareCloud Announces Results from Annual Shareholders’ Meeting
Globenewswire· 2025-05-28 12:05
Core Points - CareCloud, Inc. held its 2025 Annual Shareholders' Meeting on May 27, 2025, where shareholders re-elected three board members and approved executive compensation and the appointment of an accounting firm [1][2][3] - The re-elected board members include Anne Busquet, Bill Korn, and Lawrence Sharnak, all of whom have extensive experience in executive roles [2] - The shareholders approved the advisory compensation for the Company's named executive officers as disclosed in the 2025 Proxy Statement [1][7] - Rosenberg Rich Baker Berman, P.A. was appointed as the independent registered public accounting firm for the year ending December 31, 2025 [1][7] Company Overview - CareCloud is a leader in healthcare technology solutions, providing services that enhance financial and operational performance, streamline clinical workflows, and improve patient experiences [4] - The Company serves over 40,000 providers, helping them reduce administrative burdens and operating costs while improving patient care [4]
CareCloud Announces Results from Annual Shareholders' Meeting
GlobeNewswire News Room· 2025-05-28 12:05
Core Points - CareCloud, Inc. held its 2025 Annual Shareholders' Meeting on May 27, 2025, where shareholders re-elected Anne Busquet, Bill Korn, and Lawrence Sharnak to the Board for another two-year term [1][2] - Shareholders approved the advisory compensation for the Company's named executive officers as disclosed in the 2025 Proxy Statement [1][7] - Rosenberg Rich Baker Berman, P.A. was appointed as the independent registered public accounting firm for the year ending December 31, 2025 [1][7] Group 1 - Anne Busquet has over 30 years of executive experience with American Express and Interactive Corp [2] - Bill Korn served as Chief Financial Officer for 10 years before retiring in October 2023 [2] - Lawrence Sharnak held various senior leadership roles at American Express for more than 30 years [2] Group 2 - CareCloud provides technology-enabled solutions aimed at improving financial and operational performance, streamlining clinical workflows, and enhancing patient experience [4] - The Company serves over 40,000 providers, helping them improve patient care while reducing administrative burdens and operating costs [4]
Phreesia(PHR) - 2026 Q1 - Earnings Call Presentation
2025-05-28 11:08
Investor Presentation FIRST QUARTER | FISCAL YEAR 2026 Forward Looking Statements This presentation includes express or implied statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operational performance and may contain projections of our future results o ...
Treatment.com AI Grants Stock Options and RSUs
Globenewswire· 2025-05-27 21:33
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- Treatment.com AI Inc. (CSE: TRUE, OTC: TREIF, Frankfurt: 939) (“Treatment”) announces that it has granted an additional 633,589 restricted share units (“RSUs”) and 330,132 stock options (“Options”) to continuing employees and consultants of Rocket Doctor Inc., the Company’s wholly-owned subsidiary (see News Release dated April 10, 2025). The ...
Syra Health Selected for $5.8 Million Indiana Child Mental Health Program
Prnewswire· 2025-05-27 12:55
Core Viewpoint - Syra Health Corp. has been recommended for contract negotiations to implement Indiana's Child Mental Health Wraparound Access Site, valued at $5.8 million over three years, with a potential one-year extension [1][2]. Company Overview - Syra Health is a healthcare technology company focused on improving health through innovative technology products and services, particularly in mental health, population health, and healthcare workforce [4]. - The company emphasizes prevention, access, and affordability in its healthcare solutions, aiming to advance healthcare nationwide and globally [4]. Contract Details - The contract with the Indiana Department of Administration involves Syra Health serving as the statewide access point for families and providers in the Child Mental Health Wraparound program [3]. - Syra Health will subcontract 23.5% of the total contract value to other Indiana-based companies, indicating a commitment to local partnerships [1]. Strategic Importance - This initiative is part of Indiana's broader strategy to enhance care coordination and improve mental health outcomes for children across the state [3]. - Syra Health has a proven track record of executing complex health initiatives for state and local governments, showcasing its capability in delivering comprehensive health solutions [2].
TruBridge (TBRG) 2025 Conference Transcript
2025-05-21 18:30
TruBridge (TBRG) 2025 Conference Summary Company Overview - TruBridge has been in operation since 1979, focusing on serving the rural and community healthcare market through two main business units: Electronic Health Records (EHR) and Revenue Cycle Management (RCM) [4][5] - The EHR business targets hospitals with 100 beds and under, while the RCM business serves hospitals with 400 beds and under [4] Core Business Strategy - The company emphasizes its commitment to the rural community market, believing it is underserved and presents economic opportunities [5] - TruBridge aims to keep its technology updated and expand services to enhance patient care delivery for its customers [6] Recent Developments - The annual client conference focused on EHR customers, showcasing technological innovations and gathering feedback on challenges faced by clients [7] - A partnership with Microsoft to leverage Azure for cloud technology has been established, enhancing service delivery [8] Market Conditions - Concerns about the rural hospital market include reports that 40% are on the verge of closure; however, the company argues that similar issues exist in larger hospitals [12] - The company plays a role in improving efficiency in patient care delivery and backend processes to ensure steady cash flow for rural hospitals [14] Competitive Landscape - TruBridge differentiates itself by focusing solely on the rural community market, unlike larger competitors such as Cerner and Epic, which target larger hospitals [15][16] - The company believes it can create value through its combined EHR and RCM services, which are tailored for rural hospitals [18] Automation and AI Initiatives - Investments in automation and standardization are aimed at improving efficiency in RCM and EHR processes, including the use of robotic process automation [19][20] - The goal is to reduce provider burnout by streamlining documentation processes, allowing healthcare providers to spend more time with patients [21] Financial Performance - TruBridge has shown strong financial results, exceeding consensus estimates in five consecutive quarters [25] - The company reported an EBITDA margin of approximately 11-12% in Q1 2024, with a focus on cash management leading to a reduction in debt by $26 million [26] Future Guidance - The company aims for a long-term EBITDA margin target of 20% by the end of 2024, with aspirations to reach 25% and then 30% in subsequent years [33][34] - Economic uncertainties may impact guidance, but the company remains optimistic about its financial health and growth potential [28] SaaS Model Transition - TruBridge is transitioning its EHR business from a licensed model to a Software as a Service (SaaS) model, which is more appealing to customers due to predictable costs [39][40] - The company has seen nearly 100% of new EHR customers adopt the SaaS model, indicating a shift in customer preferences [41] Reimbursement Environment - The reimbursement landscape for rural hospitals remains uncertain, with potential impacts from Medicaid and Medicare changes [35][36] - TruBridge aims to help hospitals navigate these challenges by providing RCM solutions to stabilize their financial health [37] Underappreciated Aspects - The company is shifting from a lifestyle company to a performance-driven organization, focusing on seizing market opportunities and enhancing financial performance [49] Conclusion - TruBridge is strategically positioned to serve the rural healthcare market with a focus on technology and service delivery, while navigating financial and operational challenges in a changing healthcare landscape.
Tempus: Is This Ultra-Fast-Growing Company A Good Investment?
Seeking Alpha· 2025-05-20 21:55
The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!Tempus AI, Inc. (NASDAQ: TEM ) is a healthcare tech player that has grown at a very nice pace in the past, including during the most recent quarter. The outlook for the r ...
Syra Health Board Begins CEO Search to Drive Growth
Prnewswire· 2025-05-20 13:00
Core Points - Syra Health Corp. is initiating a national search for a new CEO to succeed Dr. Deepika Vuppalanchi, who will serve as interim CEO during the transition [1][2] - This leadership change is part of a strategic succession plan aimed at positioning the company for future growth in the healthcare sector [2] - The Board expresses gratitude to Dr. Vuppalanchi for her contributions and plans for her continued involvement in the leadership team post-CEO appointment [3] Company Overview - Syra Health is a healthcare technology company focused on improving health in areas such as mental health, population health, and the healthcare workforce [4] - The company emphasizes prevention, access, and affordability through its innovative technology products and services [4] - Syra Health is committed to advancing healthcare solutions both nationally and globally [4]