It's been a slow couple of weeks for news in healthcare payments. Most of the industry chatter is about DeepSeek, what will become of the CFPB, stablecoins, our new Treasury Secretary, and the bazooka that the new administration is taking to the federal bureaucracy - which some worry could spill over to impact banking, as Elon Musk's DOGE team gains access to the U.S. Treasury payment system. On the deal front, we're aware of two more healthcare payments transactions, one of which we know will announce in early February.
So enjoy a shorter issue, and keep an eye out for #27 on February 19 which among other things will focus on the latest data breach report from the Identity Theft Resource Center (ITRC). Feel free to share ideas for future features at our email.
DEAL NEWS
Raintree Systems acquires Yoomi Health
Temecula, CA-based Raintree Systems, a leading EMR, practice management and revenue cycle platform for physical therapy, announced that it has acquired Ithaca, NY-based Yoomi Health. Details of the transaction were not disclosed. Serent Capital is the primary investor in Raintree Systems, which was founded in 1983.
According to Raintree's press release, Yoomi's capabilities will accelerate the AI/ ML roadmap for Raintree clients. It goes on to say that "In addition to a series of strategic investments made over the past two years, the Yoomi acquisition further’s Raintree’s commitment to become the leading AI-centric EMR in rehab therapy."
The market swung wildly last week upon DeepSeek's announcement that the Chinese AI company had outcompeted ChatGPT and others at a fraction of the cost. The claims were actually initially not that controversial - the tech companies and media essentially accepted DeepSeek's claims (these are likely to be more scrutinized in the days and weeks to come). There was some initial (hilarious) suggestions that DeepSeek had "copied from ChatGPT" which is pretty interesting since ChatGPT is facing its own copyright claims that it trained its model using the content of others.
As a result, last week generated some hand wringing and also some thoughtful commentary about DeepSeek, the state of U.S. AI innovation, the impact on NVIDIA, and other areas. Here are some of the best we came across:
Adam Hark, Managing Member, Wellesley Hills Financial
Click here to read our latest CEO Chat with Adam Hark, Managing Member of Newton, MA-based Wellesley Hills Financial.
WHAT WE'RE READING
The Three Most Important US Crypto Policies to Watch This Year. The 119th U.S. Congressional session has begun, and the digital asset sector is hoping there will soon be favorable and clear regulatory guardrails for cryptocurrency markets and stablecoins. (PYMNTS)
Trump order embraces stablecoins, bars CBDCs. President Trump issued a “digital financial technology” executive order backing the cryptocurrency industry and terminating any federal work on a central bank digital currency. (Payments Dive)
$TRUMP, Memecoins, Grift, and Financial Nihilism. A now sitting US President just turned a meme into $60bn of market cap. It's simultaneously a masterclass in attention economics, a warning sign for finance, and a glimpse of what's coming. You need to understand why. (Fintech Brainfood)
ADDITIONAL RESOURCES
FMP Deal Tracker. Regularly updated list of healthcare payments related transactions since November 2023.
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.
We'll be at ViVE in Nashville in February and Fintech Meetup in Las Vegas in March - reach out to us here to arrange time to meet!
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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
