What You Should Know:
- Foresite Capital, a San Francisco, CA-based healthcare and life sciences investment firm, announced today the successful closing of its sixth fund with a significant $900M in capital commitments. This new fund fuels Foresite's mission to invest in groundbreaking technologies across the healthcare spectrum.
- Fund VI attracted a diverse group of limited partners, including university endowments, charitable foundations, medical institutions, pension funds,
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NeuroFlow Acquires Owl, Creating Behavioral Health Measurement Powerhouse
What You Should Know:
- NeuroFlow, a provider of behavioral health technology infrastructure, announced the acquisition of Owl, a measurement-based care (MBC) technology company.
- The strategic acquisition positions NeuroFlow as a leader in behavioral health measurement and engagement, offering a comprehensive suite of solutions for a wider range of healthcare settings.
- While expanding its reach and service offerings, NeuroFlow remains dedicated to customer collaboration
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University Hospitals Deploys Aidoc’s AI-Enabled Solutions Across Enterprise
What You Should Know:
- University Hospitals (UH) is revolutionizing patient care with the implementation of Aidoc's comprehensive AI platform (aiOS™) across its entire healthcare network.
- By integrating Aidoc's AI platform, UH minimizes technical hurdles and fosters a collaborative environment for ongoing AI optimization. This empowers UH to prioritize its core mission – exceptional patient care. With the aid of AI technology, UH can ensure every patient receives the most
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DexCare Secures Strategic Investments from Tampa General, Community Health Network, Texa Health
What You Should Know:
- DexCare, Inc., a provider of care orchestration platforms for health systems, announced today the addition of three strategic investors: Community Health Network, Tampa General Hospital, and Texas Health Resources.
- These new partners join DexCare's impressive roster of existing health system investors, including Providence, Kaiser Permanente, and Mass-General Brigham.
Industry Backing Fuels Growth
This strategic investment, led by ICONIQ Growth
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Koda Health Secures Funding to Expand Advance Care Planning Capabilities
What You Should Know:
- Koda Health, a pioneer in digital Advance Care Planning (ACP), today announced the successful closing of an oversubscribed Seed+ funding round led by Ecliptic Capital with strategic investment from Memorial Hermann Health System, AARP and the Texas Medical Center (TMC) Venture Fund.
- Koda Health, founded in 2020 by Dr. Tatiana Fofanova, Dr. Desh Mohan, and Katelin Cherry, emerged from the Texas Medical Center's (TMCi) Biodesign program. This program fosters
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First Successful Implant of FDA-Approved Duo Venous Stent System Offers New Hope for Chronic Venous Insufficiency Patients
What You Should Know:
- A new era in the treatment of chronic venous insufficiency (CVI) began on June 11th, 2024, with the successful implantation of the Philips Duo Venous Stent System outside of a clinical trial setting.
- Dr. Erin Murphy, a leading vascular surgeon at Atrium Health's Sanger Heart & Vascular Institute, performed the procedure, marking a significant milestone for patients suffering from this debilitating condition.
CVI: A Common Yet Complex
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Streamlining Behavioral Health: Mercy Health Cuts ED Stays in Ohio by 64%
What You Should Know:
- A collaborative effort between Conduit Health Partners and Mercy Health – Springfield Regional Medical Center has yielded significant improvements in behavioral health patient care.
- The behavioaral health initiative, focused on streamlining transfers from the emergency department (ED) to appropriate care settings, has resulted in a remarkable 64% reduction in ED length of stay for these patients.
The Challenge: Rising Need, Strained
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Cerebral Settles FTC Charges Over Data Privacy and Deceptive Practices
What You Should Know:
- The Department of Justice (DOJ), in conjunction with the Federal Trade Commission (FTC), announced a settlement with Cerebral Inc., a telehealth company, resolving allegations of data privacy violations, deceptive practices, and misleading cancellation procedures.
- The government, however, is continuing its case against Cerebral's former CEO and other executives, along with separate telehealth companies founded by the former CEO.
Cerebral Settles
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HEALWELL AI Acquires VeroSource for $24.5M to Bolster AI-Powered Preventative Care Platform
What You Should Know:
- HEALWELL AI (TSX: AIDX), a leader in AI-powered preventative healthcare, announced today it has agreed to acquire VeroSource Solutions Inc., a healthcare technology company focused on data solutions and digital healthcare platforms.
- The acquisition, valued at approximately $24.5M, is expected to significantly enhance HEALWELL's capabilities in early disease detection and improve patient outcomes. By combining HEALWELL's AI expertise with VeroSource's data
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Omniscient Secures Series C Funding to Expand AI-Powered Brain Mapping
What You Should Know:
- Omniscient (o8t®), a Sydney, Australia-based global leader in applying AI to unlock the secrets of the human brain, announced today the successful conclusion of its Series C funding round. This round brings the company's total capital raised to US$60M , marking a significant milestone in its growth trajectory.
- The funding round highlights the confidence of prominent Australian investors, including Will Vicars and Gina Rinehart, in Omniscient's vision and
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