A Youngstown startup that set out to help businesses incorporate video into their communications has narrowed its focus on the patient education space. Two-year-old via680, formerly known as BizVeo, sells allows hospitals to create a customizable online portal that pull together video, documentation and user feedback to help patients prepare for upcoming hospital stays or procedures.
The $120 million sale of three-hospital system Forum Health to Franklin, Tennessee-based Community Health Systems Inc. (NYSE:CYH) is expected to close sometime today.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Forum Health's $120 million sale to a for-profit Tennessee company appears to be nearly wrapped up now that Ohio's attorney general has given his blessing to the deal.
Columbus-based skin biopsy device maker CleveX Inc. is seeking a $637,500 loan that it would use to purchase equipment and machinery to boost production capacity for its ExiClip line of devices. Youngstown-based Syncro Medical Innovations is looking for a $490,500 loan to protect intellectual property and acquire equipment and machinery.
Ohio Attorney General Richard Cordray has promised to hold the for-profit health system that's buying Forum Health in Youngstown accountable to its charity care commitments in the Youngstown area.
Forum Health will reimburse the U.S. government about $2.9 million as a result of a coding mix-up that led to the Youngstown health system overbilling some Medicare patients. Forum, which recently agreed to be sold for $120 million to a Tennessee-based health system, voluntarily disclosed the overbilling problem to the government, a U.S. attorney told […]
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
The Ohio Nurses Association has objected to selling Forum Health out of bankruptcy court to Community Health Systems in suburban Nashville, Tennessee -- the 11th hour bidder that snatched the Youngstown, Ohio, health system from a privately owned hospital company last week. The nurses' union objected to selling Forum Health to Community Health Systems because it violates work agreements between the union and Youngstown health system, according to the Youngstown Vindicator. The association filed its objection electronically with the U.S. Bankruptcy Court Northern District of Ohio on Sunday, the newspaper reported.
Syncro Medical Innovations has raised $500,000 in debt to continue development of a feeding tube for critically ill patients, according to a filing with the Securities and Exchange Commission. The latest funding follows an $800,000 infusion of capital in May and another $500,000 last summer. Both of those also came in the form of debt. […]
Akron Children’s Hospital is investing $7 million to bring outpatient surgery services to the Youngstown-Warren area. The pediatric hospital recently started construction and renovation of a 14,000-square-foot surgery department on the Akron Children’s Hospital Mahoning Valley campus in the Youngstown suburb of Boardman. When the unit opens in October, it will be the only dedicated […]
Rumored for months, privately owned Nashville, Tenn. hospital company Ardent Health Services has won the bid for Forum Health, agreeing to pay $69.8 million to buy the Youngstown, Ohio, health system out of bankruptcy court. Ardent is buying Northside Medical Center, Trumbull Memorial Hospital, Hillside Rehabilitation Hospital, as well as Forum Health’s physician group, two […]
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
Syncro Medical Innovations has raised additional debt to help pay for aggressively pushing an improved version of its innovative feeding tube to market. The Youngstown startup has been selling the Syncro BlueTube feeding tube to at least one hospital for four years. But after investing $2 million over the last two years to significantly change […]
Trustees of Forum Health in Youngstown will decide during the next two weeks whether to sell part or all of their health system -- or reorganize its operations so it can emerge from bankruptcy court. The trustees will deliberate over bids for assets in private. The health system has said nothing yet about the bids, which were due Friday.
The money will help help bring its Syncro Blue Tube device to market by the end of this year.
Youngstown hospital system Forum Health is reorganizing under Chapter 11 of the federal bankruptcy code "in a strategic move to preserve choice and continuity of quality health care in the Mahoning Valley." The system cited a heavy debt load, population declines in its communities, the nation's economic recession and restrictive labor agreements as reasons for the bankruptcy filing.