What You Should Know:
- Abridge, the leading force in generative AI for clinical documentation, announced today a staggering $150 million Series C funding round led by Lightspeed Venture Partners. The funding also includes participation from new and existing investors like Redpoint Ventures, IVP, Spark Capital, Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, Mass General Brigham Artificial Intelligence and Digital Innovation Fund (AIDIF), Kaiser Permanente Ventures, and
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Only 37% of Medical Practices Receive Value-Based Care Payments, Black Book Survey Reveals
What You Should Know:
- While the shift towards value-based care (VBC) is underway, a recent Black Book survey reveals that only 37% of medical practices are currently receiving payments from upside-risk arrangements and shared savings, while 12% receive payments from full risk.
- This leaves a significant portion, over 50%, still relying on traditional Fee-For-Service models.
Healthcare Providers Seek Guidance in VBC Transition
The survey also highlights the increasing demand for
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DarioHealth Acquires Twill for $10M, Creating a Comprehensive Digital Health Platform for Chronic Conditions
What You Should Know:
- DarioHealth Corp. (Nasdaq: DRIO) announced the acquisition of Twill, Inc., a leader in digital-led chronic care management, in a move that positions Dario as a major player in the digital health market.
- This strategic acquisition will create a comprehensive platform addressing a wide spectrum of chronic conditions, from emotional health to diabetes and heart disease.
Acquisition Financial Terms
Under financial terms, Dario paid $10 million in cash and issued
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Amwell Appoints Cynthia Horner, M.D. as Chief Medical Officer
What You Should Know:
- Amwell, a provider of hybrid care enablement solutions, has appointed Cynthia Horner, M.D., FAAFP, as its Chief Medical Officer.
- Dr. Horner will also assume the role of President of Amwell Medical Group (AMG), the company's clinical partner and a nationwide network of virtual care clinicians exclusively on the Amwell platform.
Shaping Amwell’s Product Strategy
In her new dual role, Dr. Horner will collaborate with hospital systems and payers to implement
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Axle Health Secures $4.2M to Combat Home Healthcare Staffing Shortage
What You Should Know:
- Axle Health, a provider of scheduling and workforce management software for home healthcare, today announced the closing of an additional $4.2M in seed funding, bringing its total raised to $4.4M.
- This latest round, led by TRAC VC with participation from existing investor Pear VC, will fuel Axle's mission to address the critical staffing shortage in the home healthcare industry through innovative technology solutions.
Optimizing Care Delivery and Reducing
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Remodel Health Acquires PeopleKeep: Revolutionizing ICHRAs for Employers
What You Should Know:
- Remodel Health announced today the acquisition of PeopleKeep, a leading provider of Individual Coverage Health Reimbursement Arrangements (ICHRAs). Financial details of the acquisition were not disclosed.
- The acquisition marks a new era in employee health benefits. By combining industry-leading expertise, diverse solutions, and a commitment to personalized service, Remodel Health is positioned to revolutionize the way SMBs approach employee health and
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XiFin Appoints Erik Sallee as Chief Financial Officer & EVP
What You Should Know:
- XiFin, Inc., a pioneering force in healthcare information technologies, has announced the appointment of Erik Sallee as its new Chief Financial Officer (CFO) and Executive Vice President.
- With a wealth of experience in finance and a track record of success in leading organizations through transformative growth phases, Sallee's arrival marks a significant milestone for XiFin as it charts its course towards enhanced operational efficiency and market
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Fabric Raises $60M to Automate Healthcare with AI-powered Care Enablement System
What You Should Know:
- Fabric, a leading care enablement platform developer, announced today a $60 million Series A funding round led by General Catalyst, with continued participation from Thrive Capital, GV (Google Ventures), and other notable investors.
- The funding will be used to fuel Fabric's mission to humanize healthcare by automating administrative and clinical tasks, empowering both patients and clinicians.
Addressing Crisis-Level Clinician Burnout
With provider burnout at
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HealthSnap Secures $25M to Expand Remote Patient Monitoring and Chronic Care Management Solutions
What You Should Know:
- HealthSnap, a leading provider of remote patient monitoring (RPM) and chronic care management (CCM) solutions, announced today the closing of a $25M Series B funding round by Sands Capital, with participation from new investors Comcast Ventures, Acronym Venture Capital, and Florida Opportunity Fund.
- This latest funding round brings the company's total funding to $48.5M and positions it for continued growth and innovation in the rapidly expanding RPM and CCM
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UnityAI Secures $4M for AI-Powered Patient Flow Optimization
What You Should Know:
- UnityAI, a healthcare technology startup, announced today the successful closure of its seed funding round, raising $4M led by Max Ventures, with participation from Whistler Capital Partners, Nashville Capital Network, Company Ventures, and individual healthcare angels.
- The funding fuels the company's mission to transform hospital operations through AI-powered patient flow optimization.
Founded by Healthcare Experts, Focused on Patient Care
UnityAI is
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