< + > Dallas-Based Healthcare IT Leader Secures $53M Investment to Transform Patient Care and Expand Global Reach

SpinSci, a pioneering SaaS-based healthcare technology company, has secured a $53 million majority investment from Aldrich Capital Partners, cementing its position as an innovator in healthcare IT. This funding accelerates SpinSci’s hyper-growth across patient access care, clinical collaboration, and patient financial services.

With its roots in Dallas, SpinSci has quickly disrupted the healthcare landscape by delivering AI-driven solutions that enhance patient interactions for major healthcare providers. Its innovative SaaS workflows empower health systems to deliver integrated, value-based care through seamless digital experiences. From human-assisted contact centers to GenAI-powered self-service tools, SpinSci supports the entire patient journey—from intake and scheduling to billing, pharmacy coordination, discharge planning, surveys, and follow-ups. Serving over 40 million patients annually, SpinSci counts top health systems like Baylor Scott & White, Yale, Mercy Hospitals, Reid Health, and Mt. Sinai Florida among its customers.

Fueled by Aldrich Capital Partners’ investment, SpinSci is poised to expand into new markets with its Operator Console solution and Patient Financial Services offerings. The company also plans to strengthen its delivery and operations teams, ensuring it remains a trusted innovation partner for healthcare providers.

“We are thrilled to grow in Dallas, a city that has fueled our success with incredible talent and resources,” said Rajit Kumar, Founder of SpinSci. “This investment recognizes our impact on healthcare IT and empowers us to drive patient-centered innovation that improves healthcare access for millions. I want to thank Nfluence Partners who acted as the exclusive financial advisors for this transaction.”

Mirza Baig, Managing Partner at Aldrich Capital Partners, echoed this enthusiasm, “Rajit and Andy have built a remarkable company. SpinSci’s solutions guide patients intelligently to the most appropriate care. We’re excited to help scale this innovation and expand its transformative impact.”

As SpinSci drives digital health equity and global healthcare transformation, it continues to deliver solutions that enhance clinical collaboration, improve patient access, and optimize financial outcomes. Backed by cutting-edge technology and a customer-first ethos, SpinSci is shaping the future of healthcare.

Originally announced December 11th, 2024

< + > Veradigm EHR ends strategic review and will stay the course

The electronic health records vendor says it will remain "open to all opportunities."

< + > CoachCare Announces $11 Million Investment from Catalyst Investors, Expanding Growth Potential

Total 2024 Debt and Equity Funding Surpasses $110 Million, Bolstering Organic and Acquisition-Focused Growth Strategy

CoachCare, a leader in remote patient monitoring (RPM) and virtual care management, announced an $11 million investment from growth equity firm Catalyst Investors. This latest round follows a $48 million funding in June led by Integrity Growth Partners and Topmark Partners, bringing CoachCare’s total equity funding for 2024 to $59 million. In addition, the company has secured a credit facility with Everberg Capital, providing up to $52 million in debt financing. With these initiatives, CoachCare has raised over $110 million in debt and equity capital this year to support its dual-pronged growth strategy and to provide liquidity to its existing equity holders.

“The capital raised this year allows us to scale our platform, accelerate innovation, and broaden our reach to healthcare providers and patients,” said Wes Haydon, Co-Founder and President at CoachCare. “By strategically deploying these resources via M&A and organic growth initiatives, we can continue to improve patient outcomes, streamline provider operations, and reduce the overall cost of care within the healthcare system.”

In connection with the Catalyst Investors transaction, Kapil Desai has joined CoachCare’s Board of Directors.

“Chronic health conditions affect a majority of American adults and represent the bulk of healthcare-related spend in the United States,” said Desai. “CoachCare offers a differentiated combination of technology and best-in-class service, aligning incentives across providers, payers, and patients to drive effective preventative care and improved health outcomes.”

In addition, CoachCare welcomes Elias Davis to its Board of Directors who recently joined Palantir Technologies Inc. within the office of the CEO. Elias previously served as a Partner at MS&AD Ventures and Kli Capital.

“Elias brings invaluable experience and a proven track record in scaling organizations and fostering innovation,” said Andrew Zengilowski, Co-Founder and CEO at CoachCare. “His addition to the Board strengthens our ability to execute on our strategic objectives and deliver exceptional value to our customers.”

CoachCare’s 2024 funding marks a significant milestone in the company’s growth journey, enabling both organic expansion and continued M&A, such as its recent acquisitions of Dedica Health and Revolution Health Solutions.

About CoachCare

CoachCare, based in New York, provides a comprehensive suite of remote care solutions, including remote patient monitoring (RPM), chronic care management (CCM), and remote therapeutic monitoring (RTM). Its mission is to enhance patient outcomes, improve provider efficiency, and reduce costs across the healthcare system. CoachCare’s solutions are trusted by hundreds of healthcare organizations and have supported more than 150,000 patients nationwide. For more information, visit coachcare.com.

About Catalyst Investors

Catalyst Investors is a growth equity firm based in New York. Over the past 20-plus years, Catalyst has invested in rapidly growing technology companies and has established a successful track record of partnering with entrepreneurs and helping companies scale. Recent investments and exits include Breezeway, BrightFarms, Clinicient, EDB, Fusion, LinkSquares, Pax8, Presence, Sevaro, Tava, and Weave. For more information, visit catalyst.com.

About Everberg Capital

Everberg Capital is a private investment firm specializing in providing flexible financing solutions to high-growth companies. Its credit facility solutions empower businesses to scale efficiently and meet their strategic objectives. For more information, visit everbergcapital.com.

Originally announced December 11th, 2024

< + > Medical data space launched in China's Greater Bay Area

The establishment of the cross-border data space follows the recent formation of a digital health alliance in the area.

< + > Bonus Features – February 2, 2025 – Only 14% of Americans confident with their health plan choice, hospitals end 2024 with 6% operating margins, plus 19 more stories

Welcome to the weekly edition of Healthcare IT Today Bonus Features. This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Because there’s so much happening out there in healthcare IT we aren’t able to cover in our full articles, we still want to make sure you’re informed of all the latest news, announcements, and stories happening to help you better do your job.

Studies

• Hospitals ended 2024 with operating margins of 6%, and health systems with margins of 2.1%, according to the latest data from Strata Decision. Inpatient and outpatient volumes are rising, while ED visit volume is falling.
• Only 14% of Americans are confident in their health plan choices, according to a survey from Softheon. Two-thirds of consumers are worried about the high costs of their insurance, too.

Partnerships

• AI documentation and coding vendor Ambience Healthcare joined athenahealth’s Marketplace Program.
• Behavioral health screening vendor Mental Health Technologies joined AdvancedMD’s marketplace.
• Robotic medication management vendor Swisslog Healthcare announced a co-marketing agreement with BD.

Products

• Care automation software vendor Qventus launched Perioperative Care Coordination for pre- and post-surgery workflows.
• Retarus launched Enterprise Fax Portal, a cloud-based fax service with support for multifactor authentication.
• LexisNexis Risk Solutions launched patient-level real-world research datasets.
• Perceptyx launched Activate for Healthcare to help health systems analyze and act on feedback from employee surveys.

Sales

• Mercy is launching Aidoc’s aiOS platform to support diagnostic imaging review.
• Lone Star Family Health Center selected athenaOne for EHR, RCM, and patient engagement.
• Johns Hopkins Medicine selected Caregility for its virtual care platform and inpatient telehealth devices.
• Beacon Health System chose Xsolis to streamline medical necessity reviews using generative AI.

Company New

• Patient experience vendor Tendo updated its PCI, SOC 2 Type 2, and HIPAA certifications.
• GE HealthCare received FDA clearance for the latest version of Voluson Expert Series ultrasound systems.
• Virtual care technology vendor Life365 Health selected Amendola Communications to implement a national PR and marketing program.

People

• WEDI President and CEO Charles Stellar is retiring in February.
• Value-based care enablement platform Vytalize Health appointed Dr. Scott Mancuso as Chief Physician Executive Officer.
• Voice-enabled AI assistant Suki announced three executive appointments and an investment from Zoom Ventures.
• Real-time location services vendor Kontakt.io hired three executives.
• Health information network eHealth Exchange named a new Board of Directors and appointed four officers.

If you have news that you’d like us to consider for a future edition of Healthcare IT Today Bonus Features, please submit them on this page. Please include any relevant links and let us know if news is under embargo. Note that submissions received after the close of business on Thursday may not be included in Bonus Features until the following week.

< + > Weekly Roundup – February 1, 2025

Welcome to our Healthcare IT Today Weekly Roundup. Each week, we’ll be providing a look back at the articles we posted and why they’re important to the healthcare IT community. We hope this gives you a chance to catch up on anything you may have missed during the week.

Hearing From the NCQA on FHIR, Quality Measurement, and Value-Based Care. CTO Ed Yurcisin sat down with Colin Hung to outline the role of standardization in measuring care quality and advancing value-based care, as well as to explain why data quality is paramount to making this happen. Read more…

Hyland’s Strategy for Moving from Data Chaos to Clarity. At RSNA, CEO Jitesh Ghai talked to Colin about making medical images, clinical notes and other unstructured data consumable so it’s easier to analyze and use for decision-making. Read more…

How Radiology Can Take the Lead During a Cybersecurity Incident. Colin also caught up with Dr. Raj Chopra at Merge Merative to learn why radiologists should take advantage of their position as a focal point of communication in the hospital – with the help of a well-written incident response playbook. Read more…

Darena Solutions’ Predictive AI FHIR Integration Contest. John Lynn sat down with Patrick Schiess to chat about the origins of the contest, which offers cash prizes to startups using the MeldRx platform to connect their application to healthcare systems using SMART on FHIR. Read more…

CIO Podcast: Healthcare Data Management. Dr. John Lee at HIT Peak Advisors joined John to discuss how good healthcare data is, where we are at with it, and what will happen if we don’t improve it. Read more…

Hyperautomation’s Role in Revolutionizing Healthcare IT. Amol Dalvi at Nerdio explained how automating intricate workflows across the entire IT ecosystem can help health systems with resource provisioning, security monitoring, and incident response. Read more…

What Does Business Resilience Need to Look Like in 2025? Strategies for preventing and mitigating cyberattacks should be comprehensive, regularly assessed, and built on a strong foundation, according to Mike Garzone and Marc Johnson at Impact Advisors. Read more…

LLMs in Healthcare: A Measured Path to Impact. Julien Dubuis at Nym unpacked how large language models have demonstrated early wins in improving administrative efficiency and covered what it will take for LLMs to have a longstanding impact in healthcare. Read more…

A Fresh Approach to Safeguarding Healthcare Data. Andrea Hopkins at Juno Health offered four keys to implementing effective cybersecurity, including embracing zero trust and outsourcing to specialists amid resource constraints. Read more…

Why Healthcare Leaders are Turning to QR Codes. Amid ever-growing cyberthreats, QR codes can transform vulnerable touchpoints like medication tracking and patient identification into secure digital workflows, noted Sharat Potharaju at Uniqode. Read more…

This Week’s Health IT Jobs for January 29, 2025: Several health systems seeking Epic expertise, plus openings for a CMO and CFO. Read more…

Bonus Features for January 26, 2025: 87% of dental patients prefer digital payment reminders; Consensus Cloud Solutions’ eFax free for those affected by L.A. wildfires. Read more…

Funding and M&A Activity:

• Quality and safety nonprofit ECRI acquired The Just Culture Company, which focuses on workforce culture in high-risk industries.
• Decision support vendor HEALWELL acquired a 51% majority controlling interest in Mutuo Health Solutions, which makes an ambient scribe tool.
• Health benefits manager Soda Health closed an oversubscribed $50 million Series B funding round.
• Radiology workflow software vendor Sirona Medical secured $42 million in Series C financing.

Thanks for reading and be sure to check out our latest Healthcare IT Today Weekly Roundups.

< + > How to properly evaluate AI technologies? UVA Health analytics leader has answers

Glenn Wasson, administrator of analytics at the health system and a doctor of computer science, discusses a dialog between providers and vendors that can highlight sources of risk that must be understood to govern AI within an enterprise.