NantHealth, the precision-medicine company started by billionaire Dr. Patrick Soon-Shiong, is in negotiations with 13 additional health insurance companies and large employers to cover its costly genome sequencing test for cancer patients.
Dr. Patrick Soon-Shiong's investment firm Nant Capital is committing $70.5 million to become the second-largest shareholder in Tribune Publishing Co., parent company of the Los Angeles Times, Baltimore Sun and Chicago Tribune, among other titles.
NantHealth is starting to see greater insurance coverage for its molecular profile diagnostic test, GPS Cancer. The Culver City, Calif.-based company, which filed for an IPO earlier this week, needs to demonstrate that its approach to personalized medicine has commercial applications.
The filing comes about six months after NantHealth, the information technology and personalized medicine company headed by billionaire Dr. Patrick Soon-Shiong, delayed an initial public offering, citing adverse market conditions.
Allscripts reported flat revenue for fiscal 2015, as the electronic health record systems supplier saw lower revenue from client services. Bookings, however, were a boon for Allscripts last year, reaching $1.1 billion, a 20% increase from 2014.
The Cancer MoonShot 2020 program, a coalition led by biotech billionaire Dr. Patrick Soon-Shiong, is teaming up with 11 pediatric institutions focused on applying immunotherapy to treat childhood cancers.
Independence Blue Cross will begin including whole genome sequencing for some cancers as a covered benefit starting this spring, the health insurer said Monday.
NantHealth, an information technology company seeking to change cancer care, has acquired NaviNet, a communication platform between insurers and providers.
Citing the current bear market, Dr. Patrick Soon-Shiong is postponing the initial public offering of NantHealth, his precision medicine startup, according to the Los Angeles Times.
Despite increases in revenues, Allscripts posted a third-quarter loss, the Chicago-based electronic health-record systems maker reported Thursday.
Not every college dropout hits it big. And then there's Elizabeth Holmes, who stands out among healthcare billionaires on the latest Forbes 400 ranking as the “youngest self-made female billionaire” in the world. Forbes also dubs her No. 1 among “America's self-made women.”
Allscripts Healthcare Solutions, a Chicago-based electronic health-record vendor, expects record second-quarter bookings in a range of $255 million to $260 million. Bookings grew between 9% and 12% year over year and experienced an increase of 6% year-over-year growth.