Altaris, LLC’s Post

Chartis Acquires HealthScape Advisors to Strengthen Payer Expertise - HIT Consultant #Chartis Acquires HealthScape Advisors to Strengthen Payer Expertise #Summary: Chartis, a leading provider of healthcare analytics and technology solutions, has acquired HealthScape Advisors, a consulting firm specializing in payer operations and strategy. This acquisition will enhance Chartis' expertise in the payer market and enable them to provide comprehensive solutions to their clients. #Introduction: Chartis, a healthcare analytics and technology company, has announced the acquisition of HealthScape Advisors, a consulting firm focused on payer operations and strategy. This strategic move will bolster Chartis' capabilities in the payer market and allow them to offer a wider range of services to their clients. #Background: Chartis is a renowned provider of healthcare analytics and technology solutions. ai.mediformatica.com #health #payer #chartis #healthcare #acquisition #market #technology #healthplans #intelligence #administration #benefits #better #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/4875grx)

Recent payer M&A developments, from #Optum’s expansion to regulatory scrutiny, illustrate healthcare’s evolving landscape. #HealthcareMandA #RegulatoryDynamics #Healthcare #DistilINFO. https://lnkd.in/dxeY3YMH

Interesting to see how consolidation in the hospital industry is following a similar path to how the pharmacies/health plans consolidated in decades past. Good article here that discusses the ongoing trend of hospital mergers and acquisitions in the US. These are forming larger and larger healthcare systems with increased market power and geographic reach. A good example is Atrium Health's merger with Advocate Aurora, which has created one of the largest public healthcare systems in the country. Despite promises of improved efficiency and patient care, studies suggest that these mergers typically lead to higher prices for patients without significant improvements in the quality of care. There is an increasing amount of regulatory challenge and scrutiny faced by these mergers, look to the FTC's antitrust suit against Novant Health's acquisition plans for example. It's good to see government bodies focus on hospital consolidation in healthcare. This is a great article on the impact in North Carolina as well, check it out!

There's no doubt that we have seen a slowdown in PE sales (or purchases) of physician groups. That said, I'm seeing signs of a next generation of partnerships, seeking deeper alignment between PE/VC and physicians. Also keep in mind that PE accounts for less than 4% of the healthcare sector, per Pitchbook. I see a new wave of innovation and new entrants on the horizon.

👉 I keep reading how this merger has to go through regulatory approval. There are hundreds of physicians who are involved, some employed and some affiliated, who everyone is forgetting about. The physicians, who are the only value to this company, should be the ones to give approval. https://lnkd.in/eG3ZiSps

Med-Metrix Acquires HRSI - Healthcare Receivable Specialists Inc. Learn more & get our take 👇 https://lnkd.in/gCKZcKhT “HRSI has earned an outstanding reputation as a leading Eligibility Management platform, leveraging decades of domain expertise. We are excited to partner with Chad Wallace and his leadership team to bring their capabilities to the healthcare market throughout the U.S.” — Joseph Davi, Founder and CEO at Med-Metrix “Reflecting on HRSI’s growth over the past few decades, we are immensely proud of the outcomes our team has delivered for our customers. We look forward to building on this momentum in partnership with Med-Metrix, particularly in the Medicaid Eligibility market.” — Linda Wallace, CEO and President, and Chad Wallace, Executive Vice President at HRSI “The acquisition of HRSI underscores and further accelerates Med-Metrix’s end-to-end focused RCM growth strategy. AMCP looks forward to supporting Med-Metrix’s high growth trajectory, including additional strategic M&A opportunities.” — Robert Haisch, Partner at Alvarez & Marsal Capital (AMCP) #acquisition #RCM #SoHCNews

I always look forward to the Annual Healthcare Report inside of D CEO magazine and count Will Maddox as a friend and valuable contact in this space. He asked me recently to comment on the emergence of private equity in the healthcare space and this is the article that was published late last week/early this week. It is clearly an important topic that is only gaining steam as the importance of scale increases when dealing with anyone inside of this vertical; healthcare systems, payors, vendors, etc. I feel strongly that there may be an opportunity for PE to help independent medicine stay independent, but it will not happen without significant discussions and without an element of trust from all parties. #Libertatem Patient Physician Network #Independence https://lnkd.in/gQFJyd_8

Chartis Announces Majority Investment from Blackstone to Advance Mission of Healthcare Transformation | Healthcare IT Today - Healthcare IT Today #ChartisAnnouncement: Chartis, a healthcare IT company, has announced a majority investment from Blackstone to advance their mission of healthcare transformation. This partnership aims to drive innovation and growth in the healthcare industry. #WhatItMeans: The investment from Blackstone will enable Chartis to expand their reach and impact in the healthcare IT sector. This partnership signifies a significant step towards achieving their goal of transforming healthcare delivery through technology. #FuturePlans: Chartis plans to use the investment to enhance their product offerings, improve customer service, and accelerate their growth strategy. They aim to leverage Blackstone's expertise and resources to drive innovation and create value for their customers. #ImpactOnHealthcareIT: This partnership between Chartis and Blackstone is ai.mediformatica.com #chartis #equity #blackstone #healthcare #audax #investment #privateequity #audaxprivateequity #this #partners #strategic #technology #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3zbXv8v)

I read with interest today about the merger being formalized between BJC Healthcare and Kansas City-based Saint Luke's Health System. The merger is a wise business decision. Candidly, the only strategy health systems have right now to work to control costs is the potential economies of scale that come with merging two organizations into one. Unfortunately, the merger, even if it does find economies of scale, does not address the fundamental issues facing healthcare today: rising healthcare costs, care team burnout, improved patient outcomes, and the fact that fewer people are entering the field of healthcare. Hospitals and clinics within the newly merged entity will continue business as usual. Corporately, the organization will seek incremental strategies to address the issues I outlined above, and they'll make some progress over time. But our healthcare system needs more than incremental change. It requires an entirely new way of thinking about the process. It needs a strategy where the payers and providers work together, not as adversaries. That is the only way we can lower costs, which will provide the breathing room to solve the other issues. A fundamental US healthcare fact is that health systems make money when people are sick, and health insurers make money when people are healthy. We need both entities to make money when people stay healthy. https://lnkd.in/dwNS9fzb

Healthcare services deal volume in 2Q2024 continued its recovery, setting the stage for a promising second half. Antitrust concerns and macroeconomic challenges notwithstanding, physician practice management and multi-site healthcare operators remain attractive to sponsors and acquirers. The outsourced services sectors are gaining investor attention, with the 2023 deal downturn resulting in significant dry powder across healthcare funds. This backlog is poised to drive a more active M&A landscape. As market pressures persist, investors are focusing on verticals with lower reimbursement and labor risks such as healthcare IT, clinical research, and pharmaceutical services. Private equity players are diversifying their portfolios by expanding into these areas, leveraging their expertise for strategic growth. For a comprehensive analysis of the Q2 healthcare market trends and insights into the outlook. https://lnkd.in/gzeiZMbw