Inovalon, a provider of cloud-based software solutions for healthcare launches Converged Analytics Benchmarking, a revolutionary solution that empowers health plans to make data-driven decisions and improve their quality outcomes in real-time. This first-of-its-kind benchmarking solution provides health plans with current monthly insight into their relevant national and state quality measure performance while still within the respective measurement period.
Real-Time Insights for Data-Driven
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M&A: UpHealth Sells Cloudbreak Health Business to GTCR for $180M
What You Should Know:
UpHealth, Inc. has entered into a definitive agreement to sell its wholly-owned subsidiary, Cloudbreak Health, LLC, to private equity firm GTCR for $180 million in cash.
The sale will allow UpHealth to reduce its debt and focus on its growing behavioral health business, TTC Healthcare. The sale is expected to close in the first half of 2024.
CloudBreak Health Background
Cloudbreak Health, known for its Martti translation offering, provides telehealth and video
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Ambiq and Xiaomi Partner on Xiaomi Smart Band 8 Wearable Featuring Advanced Health and Wellness Monitoring
What You Should Know:
- Ambiq®, a provider of ultra-low-power semiconductors for IoT endpoints, has announced a new collaboration with Xiaomi, a global provider in consumer electronics and smart manufacturing, to develop the Xiaomi Smart Band 8.
- This new smart band is designed to help consumers define their unique style while providing them with a wide range of health and fitness features.
Xiaomi Smart Band 8: A Reimagined Wearable Experience
The Xiaomi Smart Band 8 marks a
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M&A: HEALWELL AI Acquires Pentavere Research Group to Enhance AI Healthcare Solutions
What You Should Know:
- HEALWELL AI Inc. (TSX: AIDX), a data science and AI company focused on preventative care, has announced a significant step forward in its mission to revolutionize healthcare through the acquisition of a majority ownership position in Pentavere Research Group Inc. (Pentavere).
- This acquisition will bolster HEALWELL's AI technology capabilities and expand its reach in the healthcare industry.
Pentavere Background
Pentavere, an innovative AI health-tech company
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Trip Hofer Joins .406 Ventures as Venture Partner
Trip Hofer, Venture Partner at .406 Ventures
What You Should Know:
- .406 Ventures, a leading early-stage venture capital firm focused on healthcare and enterprise technology, has announced the addition of Trip Hofer to its team as a Venture Partner. Hofer, an accomplished healthcare executive with over two decades of experience, brings a wealth of industry knowledge and expertise to .406.
- Hofer joins .406 from Optum Behavioral Health Solutions, where he served as CEO, leading the
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Healthcare Embraces Generative AI: 70% of Organizations Actively Explore its Revenue Cycle Potential
What You Should Know:
- AKASA, a leading developer of AI-powered automation for the revenue cycle, released new survey results showing that more than 70 percent of healthcare organizations are actively considering the use of generative AI.
- In the same survey of more than 250 CFOs and financial leaders at health systems and hospitals across the U.S., nearly 60% percent of respondents indicated they are actively considering these new technologies for their revenue cycle
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SciBase and Skin and Cancer Institute Collaborate to Advance AI-Driven Skin Cancer Detection in California
What You Should Know:
SciBase Holding AB, a developer of augmented intelligence-based solutions for skin disorders, has entered into a collaboration agreement with the Skin and Cancer Institute to pilot Nevisense in several of their California locations.
- Melanoma is the deadliest form of skin cancer, but when detected early, treatment has a nearly 100% cure rate. The collaboration emphasizes the significance of early testing and treatment to improve survival rates.
- The collaboration
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M&A: Aranscia Acquires YouScript from Invitae
What You Should Know:
- Aranscia, a global provider of diagnostics software, services, and testing solutions, has acquired select assets of the YouScript personalized medication management platform from Invitae Corporation in an all-cash transaction.
- YouScript is a widely recognized leader in providing actionable, real-time medication risk and pharmacogenomics (PGx) insights. It enables healthcare providers and organizations to build, deliver, and scale comprehensive personalized
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Pathway Raises $5M for AI-Powered Medical Knowledge Platform
What You Should Know:
- Pathway, an AI-powered medical knowledge platform, has secured $5 million in seed funding to expand its solutions and address information overload for healthcare professionals. The seed funding was led by Yamaha Motor Ventures, with participation from Verge HealthTech Fund, existing investors Amplify Capital, BoxOne Ventures, and Formentera Capital. Several physicians who have experienced Pathway's benefits also backed the funding round.
- The funding will allow
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Forward Secures $100M to Expand AI-Powered Doctor’s Offices
What You Should Know:
- Forward, a leading AI-powered healthcare company, has announced $100M in growth capital to expand its network of Forward CarePods, self-service AI-powered doctor's offices. This investment will fuel Forward's mission to revolutionize healthcare by making it more accessible, affordable, and high-quality.
- The funding round was led by Khosla Ventures, with participation from Founders Fund, Samsung Next, Abu Dhabi Investment Authority, and Softbank. In addition to
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