Endotronix, Inc., a digital health, MedTech company dedicated to advancing the treatment of heart failure, today announced it has raised $45 million in Series D funding led by LSP, investing from its LSP Health Economics Fund 2. The round also included participation from Aperture Venture Partners, BioVentures Investors, Lumira Ventures, OSF Ventures, Seroba Life Sciences, SV Health Investors, Wanxiang Healthcare Investments, and an unnamed corporate strategic investor.The medtech startups plans
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Fred Pennic
Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.
Mercy Technology Services (MTS) Extends PACS Imaging Solution to Hospitals Everywhere
Mercy Technology Services (MTS), the IT backbone of one of the largest Catholic health systems in the nation, today announced it will launch a new picture archiving communication system (PACS) imaging solution. Built on a foundation of proven hosting services and success in helping Mercy’s radiologists achieve increased efficiency and decreased report turnaround time by up to 50 percent, MTS will become the first health care provider to extend PACS as Service to hospitals across the country.MTS
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AliveCor Receives “Breakthrough Device” Designation from FDA for Bloodless Hyperkalemia Test
AliveCor, a Mountain View, CA-based digital health startup developing solutions to transform cardiac care, announced on Monday received “breakthrough device” designation from the U.S. Food and Drug Administration for their bloodless hyperkalemia test. Developed with Mayo Clinic, AliveCor’s KardiaK Platform screens for elevated levels of blood potassium – hyperkalemia, without requiring any blood from the patient.This designation signals that the FDA will consider the technology on an
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Cerner President Zane Burke to Step Down in November
EHR leader Cerner, today announced that Zane Burke will step down as President of the company, effective Nov. 2. Effective immediately, John Peterzalek, Executive Vice President of Worldwide Client Relationships, will assume Burke’s responsibilities and the title of Chief Client Officer.“We thank Zane for his contributions to Cerner across more than two decades,” said Cerner Chairman and CEO Brent Shafer. “Zane leaves the company with a strong client focus and commitment to continued innovation,
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Formativ Health Integrates with Lyft for Non Emergency Medical Transportation
Formativ Health, a technology-enabled health services company focused on transforming the patient-provider experience, today announced an integration partnership with ridesharing company Lyft for on-demand transportation to medical appointments for patients. According to a 2017 study by the American Hospital Association, nearly four million patients per year miss out on care, due to lack of available transportation options related to cost or geographic barriers. These missed appointments make it
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Ciox Addresses CMS Fax Elimination Challenge: Believes Mandate is Necessary to Achieve a Fax-free Future
Since 2014, the healthcare industry has invested more than $17 billion[1] in digital integration and analytic capabilities to support care delivery, wellness and research. Despite new innovations, the use of fax machines remains a brittle link in the coordination and delivery of healthcare. Ciox, a healthcare technology company, sees a future without faxing and supports efforts by the Office of the National Coordinator for Health Information Technology and Centers for Medicare and Medicaid
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Israeli Startup Alpha Tau Medical Raises $29M for Radiation Cancer Therapy
Alpha Tau Medical, an Israeli medical tech startup developer of a breakthrough alpha radiation cancer therapy, today announced it has raised $29 million in funding led by Shavit Capital. The round also included participation from OurCrowd.com, Medison Ventures and significant private investors contributed to the funding round including the preeminent international social impact VC and private equity investors, Sir Ronald Cohen and Alan Patricof, the founders of Apax Partners.Founded in 2016,
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Blue Cross Blue Shield Association Taps Edifecs to Drive FHIR Adoption
Blue Cross Blue Shield Association (BCBSA), today announced that it has chosen Edifecs as a partner to help drive FHIR adoption across BCBS companies. FHIR is the future of interoperability, and FHIR standards can resolve many of the healthcare industry’s critical business issues. As part of the partnership, Edifecs’ user-friendly Edifecs XEngine Server Module for FHIR will be offered to BCBS companies to support the rapid deployment of these data standards with minimal training required. What
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OnlyBoth Launches AI-Driven Hospital Benchmarking Engine
OnlyBoth Inc., a Pittsburg, PA-based healthcare performance company has launch an artificial intelligence (AI)-driven benchmarking engine BenchMine.com that provides objective, data-based comparisons of U.S. hospital performance. The Artificial Intelligence (AI)-based technology makes use of 130 consumer-friendly data attributes on 4,797 hospitals from CMS Hospital Compare to help the community evaluate hospitals and compare them to others nearby and nationally.Enhanced with geolocation
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Innovaccer Launches EHR-Agnostic Physician Engagement Solution
The role of physicians is instrumental in the rapidly-transforming healthcare. There have been many strategic initiatives or restructured payment models- but the physicians have almost always been disconnected. Physicians are either overburdened with the data around them or have limited real-time visibility into the analyzed data.Limited access to the right data at the right time has dramatically increased the number of burned out physicians in the country. Additionally, the time-taking tasks of
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