With the July 4th weekend behind us and summer fully upon us, we're bringing you a simpler issue for this newsletter. Not beach reading exactly, but focused on the full blown arrival of stablecoins. So keep this issue around when you want to refer back to stablecoin resources, or just to beef up your knowledge of this seismic shift in payments.
In August, we'll share some thoughts on payments implications as U.S. healthcare organizations continue to expand internationally. Stay cool and we look forward to receiving your tips and news items here!
DEAL NEWS
Craneware rejects $1 billion buyout offer
Edinburgh, Scotland-based Craneware, which has financial software installed in 40% of U.S. hospitals, has rejected a proposed takeover by Bain Capital. The company is run by CEO Keith Neilson, who co-founded Craneware in 1999 with Gordon Craig.
Chicago-based Veradigm (formerly Allscripts) mentioned in the release of its Q1 2025 financial results that it "is working toward becoming current in its SEC filings" and expects this "to occur during 2026, and plans to subsequently seek to relist its common stock." After failing to meet reporting and listing requirements, Veradigm was officially delisted from the Nasdaq Stock Market in February 2024.
Commure raises $200 million in new financing round
San Francisco-based Commure, which acquired Memora Health and Augmedix in 2024, has raised $200 million in growth financing from General Catalyst. The funds will be used to grow the company's AI platform which includes revenue cycle management, clinical documentation and workflows, and practice management solutions.
Santa Rosa, CA-based VisiQuate, which offers automation, advanced analytics, and intelligent workflows for revenue cycle teams, announced it has acquired Etyon for an undisclosed amount. Etyon sells analytics and machine learning solutions to optimize revenue cycle workflows, improve process quality, and reduce revenue cycle costs.
New York-based Zorro, an employee-benefits tech company focused in the ICHRA space, has raised a $20 million Series A round led by Entrée Capital, with participation from existing investors 10D and Pitango. Among other capabilities, Zorro's tools help brokers compare existing group plan designs with ICHRA plans to make recommendations for employers.
It would be hard to find a phenomenon more universally talked about (and some might say embraced) at the moment than stablecoins.
Stablecoins are digital currencies designed to maintain a stable value by pegging to assets like the U.S. dollar. Unlike volatile cryptocurrencies, stablecoins offer predictable pricing, making them attractive for payments and financial transactions. They are rapidly gaining attention, investment, and adoption by FIs and businesses seeking faster, cheaper, and more transparent payment solutions. The U.S. Congress appears poised to pass a regulatory framework which will create more certainty around how stablecoins are governed, further accelerating growth.
This compendium of articles is intended to provide the reader with a variety of viewpoints about the basic premise of stablecoins, how they work, regulatory issues, activities of key players, impact on existing payment rails, and at least one forecast of the near future from a top bank.
STABLECOIN 101
Stablecoin Payments: Crypto Finds its Killer App?
If there's one place to start to understand stablecoins, it is this 83 page report from FT Partners. The report's summary requires no paraphrasing: "This report provides an update on the current state of the stablecoin market, a discussion of the use cases of stablecoins for consumer and B2B payments, and an overview of leading companies enabling and leveraging stablecoin payments globally."
Anyone interested in learning more about the basics of stablecoins is invited to register for NYPAY's upcoming free Zoom session "Stablecoins: Infrastructure for the New Financial Rails". This will be held July 30, 2025 at 6pm ET with speakers from K&L Gates, Rain, and LEK Consulting. Register here.
Fiserv launches new stablecoin. The payments processor wants to be an early mover as banks, the U.S. government and other payments players press for stablecoin adoption. (PaymentsDive)
The Primacy Directive. Chime understands something that many banks have failed to appreciate — when it comes to primacy, the game has changed. (Fintech Takes)
ADDITIONAL RESOURCES
Conference List. Rolling twelve month look ahead at conferences and other events covering healthcare payments, revenue cycle, fintech and related areas. Updated through September 2025.
FMP Blog. Thoughts from healthcare payments CEOs and investors on their right to win and plans for the next 12 months, as well as data and perspectives on healthcare payments.
Newsletter Archive. News, trends, and insights from the healthcare payments industry compiled in our bi-weekly newsletter. Last six months of newsletters.
Epic MyChart. Excel sheet with full listing of all Epic MyChart instances as of May 2024, categorized by state, provider type and specialty.
All of these resources can also be accessed at the FinMed Partners Insights page.
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FinMed Partners is a management consulting and advisory business focusing at the intersection of payments/ fintech and healthcare. Our founders have developed deep expertise from decades of experience with health IT companies, healthcare providers and many players within the payments ecosystem. Investors, boards and executive teams work with us to maximize business value through strategic input and tactical execution.
FinMed Partners LLC, 34 Long Avenue, Belmont, MA 02478, United States
