We’ve often found ourselves questioning why it feels like the Health IT SaaS sector trades at a discount to the broader Enterprise SaaS market. While Health IT definitely has its share of high multiple companies like HealthEquity and Teladoc, the vast majority of publicly traded HIT SaaS companies trade in the 3x to 5x revenue multiple range. On the other hand, generalist Enterprise software companies…
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DocuTAP, one of the nation's fastest growing healthcare technology companies and provider of electronic medical records (EMR) and practice management (PM) software for urgent care clinics, today announced that it has acquired Clockwise.MD, a patient engagement software provider of online scheduling and wait time transparency solutions for healthcare organizations. The combination brings together…
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Coming off the election in November, stock markets thrived on the expectation that a Trump administration would reduce regulatory burdens and lower tax rates. President Trump’s first days in office brought many changes to executive policy, including his top priority of repealing and replacing the Affordable Care Act. Odds-makers presumed legislation would pass given the Republican majority in both…
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In our most recent edition of HGP's Health IT Market Review from January, we published a snapshot from Frost and Sulivan on what elements of the ACA were most likely to get the axe under the new administration. With the new American Healthcare Act now under review in the House, it seems like a good time to compare those predictions to what has been proposed.
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OmniSYS, LLC, the nationally recognized leader in medical claim billing, Medicare compliance and patient engagement solutions for pharmacies, HME/DME providers and pharmaceutical manufacturers, announced today that it has acquired voiceTech—a leading technology provider to the pharmacy industry. Read the full story in the
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One Call Care Management (“One Call”), a leading provider of workers’ compensation care management services backed by Apax Partners, announced it has completed the acquisition of High Line Health, a progressive value-based analytics and data visualization platform. By distilling large quantities of data into straightforward, actionable reporting, High Line empowers a range of healthcare stakeholders…
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We believe the next chapter for health IT is likely to perpetuate initiatives around value-based care but using dramatically different forces: the Trump administration is forcefully advocating free-market levers in healthcare and across all sectors, with a focus on de-regulation, price transparency, and patient responsibility. While the catalysts may change, the simple objective remains the same…
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The common threads between the four key influencers in the Trump healthcare administration are de-regulation, price transparency, and patient responsibility. We are potentially entering a very different era from the Obama administration. Since enactment of the ACA, the health IT market has been undergoing more than five years of government mandates around technology adoption. HGP has described…
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The Trump Administration's emphasis on deregulation suggests there could be changes ahead in the relationship between health information technology vendors and current and prospective customers. Many IT purchasing decisions have been focused on complying with regulatory programs such as electronic health…
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Ever since the introduction of HITECH, the health IT market has evolved like a game of Whac-A-Mole. Vendors are constantly reacting to a steady mandate of feature requirements, alternative payment models, quality reporting, and compliance provisions. This reactive cycle perpetuates itself with each policy change. On the surface, one might get the impression that market forces are driving HIT innovation.…
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