DrFirst, a provider of healthcare IT solutions has secured $25 million in equity financing from Goldman Sachs to accelerate its sales and marketing resources, as well as its development resources for both existing and new products, and for other strategic initiatives. With this financing, DrFirst has raised $42M in financing during the past year, including a $5M investment commitment from Savano Capital Partners and a $12M credit facility from SunTrust Bank.
DrFirst's software solutions and
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Archives for 2015
After Raising $10M, Datu Health Shuts Down HQ, 42 Layoffs
After announcing a $10 million in Series B equity funding, Boulder,CO-based behavioral health data company Datu Health has shuttered its headquarters resulting in 42 layoffs, Denver Post reports. They layoffs result from company consolidated its software engineering functions under its umbrella of its investment partner St. Joseph Health.
According to Datu Health’s spokeswoman, Pam Zients, four of the Boulder employees will remain with Datu, which has operations in St. Louis and California.
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eClinicalWorks Unveils Next-Gen Ambulatory EHR with Focus on Interoperability
eClinicalWorks®, a leading ambulatory EHR provider, today unveiled their next generation EHR solution, eClinicalWorks 10e, a new cloud services platform. During his keynote speech this morning at eClinicalWorks National Conference in Nashville, CEO Girish Navani stressed the importance of a building a more cloud-centric, hardware agnostic and intuitive UI to reflect the next generation of healthcare delivery.
“10e is a game changer for this industry,” said Girish Navani, CEO and
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Infographic: Decoding Big Data in Healthcare
We all want personalized healthcare options, however, in order to achieve this, we must let big data in to decipher and breakdown our individual wants and needs. Besides being an industry buzzword, what successes can big data translate into for healthcare workers and consumers?
The following infograpic created by Evariant, a company that helps leading hospital networks make sense of big data illustrates the following trends and benefits when big data is properly managed
· Improved profits
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Accenture: Data Breaches Will Cost Health Systems $305B Over 5 Years
Data breaches over the next five years will cost U.S. health systems $305 billion in cumulative lifetime revenue, according to a new report from Accenture. Key drivers behind the increase can be attributed to the significant increase in EHR adoption and other healthcare technology solutions creating a wealth of electronic information that includes patient data such as dates of birth, home addresses, social security records, insurance details and medical data.
Nearly 1.6
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Twiage Selected As Finalists for Cleveland Clinic’s 2015 New Ventures Healthcare Challenge
Atlanta-based Twiage (Twitter for Triage), a Blueprint Health company that enables seamless EMS to ED care transitions using mobile technology has been selected by Cleveland Clinic Innovations as one of the four finalists for its prestigious New Ventures Healthcare Challenge. The challenge is a part of Cleveland Clinic's commitment to cultivating the next early-stage digital health companies that will disrupt the market and streamline the delivery of better care to patients everywhere.
Next
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Report: System Integration Key to Global Telehealth Success
Telehealth technologies are advancing quickly, but their ability to improve access to healthcare depends on a wide range of enabling factors, including communications infrastructure, skills, regulation and culture, according to new report by the Economist Intelligence Unit. The report finds that global telehealth success is largely dependent upon system integration to ensure that new telehealth systems work seamlessly with those already in place, to avoid medical specialties having ‘one-off’
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Mayo Clinic, Viewics Partner to Use Data Analytics Serve Lab Clients and Patients
Viewics, Inc., a provider of health care analytics solutions, and Mayo Clinic recently signed an agreement that will use the Viewics analytics platform to drive key initiatives for safety, service, costs, and quality.
As part of the agreement, Viewics will deploy its data platform Viewics Health Insighter across various divisions within Mayo’s Department of Laboratory Medicine and Pathology, including the health care organization’s reference laboratory Mayo Medical Laboratories. The Viewics
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Figure 1 Raises $5M For its “Instagram for Doctors” App
The Toronto-based startup Figure 1, whose medical photo sharing app used by more than 500k medical professionals across 100 counties has raised $5 million in funding from Union Square Ventures as well as existing backers Version One Ventures, Rho Canada Ventures and Graph Ventures. Investors also include Allen & Co. and individual investors. The latest funding round brings the Canadian digital health startup's total funding to $9 million.
The company plans to utilize the funding to
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North American Health IT Market to Reach $104B by 2020
The North American health IT market is expected to reach $104 billion by 2020 at a CAGR of 13.5% during the forecast period of 2015 to 2020, according to a recent report by MarketsandMarkets. A majority of this growth is attributed to the growing adoption of various healthcare IT solutions by healthcare providers in order to meet the heightened regulatory requirements for patient care and safety, increasing need to curtail the soaring healthcare costs, and growing need to improve the quality of
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