Press Releases
Expion Health and Mark Cuban Cost Plus Drug Company, PBC announced an innovative partnership on November 27, 2023, aimed at enhancing pharmacy cost management capabilities by integrating Cost Plus Drugs' transparent pricing model to tackle the ongoing increase in specialty drug expenses.
On December 5, 2023, energyRe announced the completion of a $1.2 billion capital raise to support the expansion of its portfolio of large-scale renewable energy projects. Investors include Glentra Capital, Novo Holdings, and Danish pension fund PKA, and an agreement was reached with Elia Group, which will acquire an equity stake in energyRe's subsidiary energyRe Giga.
On December 6, 2023, CorroHealth released PULSE, a medical coding automation SaaS product based on large language models and deep learning, claiming to achieve 100% automation, 97% coding accuracy, and a 5 to 7-fold increase in productivity.
Corscale announced the adoption of Doxel's AI-automated construction progress tracking technology for its upcoming data center projects, aiming to accelerate construction schedules, reduce waste, and meet the growing demand for data centers driven by artificial intelligence (AI) applications.
CloudBolt Software announced that it will launch a series of Augmented FinOps capabilities in 2024, leveraging AI/ML and orchestration technologies to cover the entire lifecycle of cloud resources, aiming to address the shortcomings of traditional FinOps that only performs retrospective analysis and help enterprises maximize cloud ROI.
As the urgency of the net-zero transition intensifies, the A4S survey found that fewer than half of the CFOs surveyed believe their finance teams have the skills to support sustainability. The A4S Academy is now open for applications, aiming to fill this gap. 98% of past participants said they felt more capable of driving change after participating.
Fintech, integrating finance and technology, is profoundly transforming the industry landscape, with innovations ranging from mobile banking to cryptocurrencies emerging continuously. However, rapid expansion is accompanied by complex compliance and regulatory pressures. Based on an analysis published on February 8, 2024, this article systematically reviews seven compliance challenges facing fintech, including differences in regulatory frameworks, data privacy, anti-money laundering and customer identification, consumer protection, cybersecurity, regulatory arbitrage, and cross-border operations. It also proposes five solutions: adopting regulatory technology, hiring compliance experts, external audits, regulatory cooperation, and participating in regulatory sandboxes, emphasizing that proactive compliance is key to building trust and achieving sustainable growth.
DigiCert, a global provider of digital trust solutions, announced two executive appointments on February 14, 2024: Jugnu Bhatia as Chief Financial Officer and Dave Packer as Chief Revenue Officer. The two will help the company expand market coverage and drive annual recurring revenue beyond $1 billion.
Boston-based fintech company Centime announced a strategic integration with Sage Intacct, further expanding its financial management system ecosystem. This integration will help small and medium-sized businesses automate accounts payable (AP) and accounts receivable (AR) processes, improving financial operational efficiency. Centime will participate as a silver sponsor at the upcoming Sage Transform conference in Las Vegas.
On February 27, 2024, CorroHealth released the REVIVE platform, targeting overlooked small-balance and zero-balance accounts receivable in hospital systems, combining AI with human review to significantly improve recovery rates. Data shows that 30% of cases are resolved in a single interaction, 70% within no more than three interactions, with an average of 2.4 interactions; accounts have an average age of 95 days, a balance of $1,110, and a first-year recovery rate of 92.5%.