Hospitals

Orchid develops first-of-its-kind virtual note taking tool for mental health

Orchid, a US-based, behavioural health electronic health record vendor, has developed a first-of-its-kind generative AI-enabled note taking tool to support mental health providers who are struggling with the burdens of administrative tasks and help patients get the care they need faster.

August 9, 2024

Assura buys Northwest’s £500 million UK hospital portfolio

Primary care-focused UK REIT Assura has bought the entirety of multinational hospital-focused REIT Northwest Healthcare Properties REIT’s UK portfolio. The portfolio comprises 14 hospitals with an average of 36 beds each and is worth £500 million (~€583 million).

August 8, 2024

Interview: Duncan Leggat, Cymphony

Cymphony is a UK company that provides customer communications solutions such as telephone answering and appointment booking to private healthcare providers. In an interview with HBI, Duncan Leggat, Cymphony’s Finance Director, argued that high quality, personalised customer service is an essential part of a good healthcare service, and that, for providers focused on the premium/private-pay part of the market, the good old fashioned telephone is generally the most effective tool for achieving this.

August 8, 2024

Egypt opens door to private sector in healthcare

In May 2024, Egypt approved a law permitting private management of public hospitals, aiming to improve services. While the new law represents a potential opportunity for new investors and international operators, there are a range of factors prospective partners need to consider before entering the Egyptian healthcare market.

August 8, 2024

India’s Bajaj Group eyes healthcare expansion with a chain of hospitals nationwide

Bajaj Group, a 98-year-old Indian multinational conglomerate established in 1926, is eyeing an expansion in the healthcare sector with a chain of hospitals in metropolitan areas across India, according to Indian business-focused newspaper The Economic Times. Investment plans are still being finalised.

August 8, 2024

FREE BLOG Are PE firms guilty of ‘asset stripping’ hospitals?

A new study published in The Journal of the American Medical Association examines what happens to the total value of assets held by hospitals after they are acquired by PE firms, finding that it typically drops. Does this suggest PE firms are guilty of ‘asset stripping’ hospitals to enrich shareholders at the expense of hospitals’ long term interest?

August 2, 2024

Germany’s Fresenius records 8% organic growth in Q2 2024, led by Kabi and Helios

Germany-headquartered healthcare conglomerate Fresenius reported strong revenue growth in its second-quarter results on July 31. But net profit for the quarter was negative, mainly due to discontinued operations at the group's Vamed subsidiary.

August 2, 2024

How software can help hospitals improve their knowledge management and save them millions — an interview with Galia Schwarz, CEO of C8 Health

C8 Health is a software company founded two years ago to solve healthcare’s pervasive knowledge management problem. In an interview with HBI, Galia Rosen Schwarz, C8 Health’s CEO, explained why inefficient knowledge management is such a big issue in hospitals and how C8’s software addresses it.

August 2, 2024

IHH ready to explore move to outcome-based payment models

Pan-Asian hospital group IHH is ready to explore the feasibility of outcome-based payment models.

August 2, 2024

PureHealth announces latest revenue results

UAE-based healthcare group PureHealth has announced a 53% year-on-year increase in revenue to DH 12.5 billion (~$3.4 billion) for the first half of 2024 compared to the first half of 2023.

August 2, 2024

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