Health IT investment trend continues

Investment in health IT companies continues to grow. The trend indicates opportunities for mergers and acquisitions as well as strategic partnerships.

Holmusk, a digital health IT company, recently announced its acquisition of the rights for Duke University School of Medicine’s Mindlinc electronic health record system.  Holmusk will become the distributor of MindLinc and will provide further development and support, including decision tools.   

It aims to leverage population health with data from electronic medical records, connected medical devices, claims and clinical research information. According to Duke, MindLinc’s Global database can demonstrate outcomes for pay-for-performance and  accountable care models. 

Syncordia Technologies and Healthcare Solutions also announced that it has completed its acquisition of 80% of the issued and outstanding membership interests in Billing Solutions, LLC.

According to the announcement, Billing Solutions has been awarded a new contract with an Arizona based mental health provider to provide revenue cycle management services including billing and follow up services for a regional center. This relationship is anticipated to contribute approximately $80,000 to $100,000 a year in revenue.