What You Should Know:
- CVS Health Clinical Trial Services and late clinical-stage cellular therapeutics company ProKidney Corp. today announced a collaboration to enroll patients with type 2 diabetes and chronic kidney disease into the proact 1 (REGEN-006) Phase 3 clinical trial of REACT®.
ProKidney’s lead product candidate, REACT® (REnal Autologous Cell Therapy), is a first-of-its-kind, patented, autologous cellular therapy with the potential to not only slow and stabilize the
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Healthcare-Focused Venture Studio Launches in Phoenix
What You Should Know:
- Former Bayless Integrated Healthcare CEO, Justin Bayless announced the launch of Journey Venture Studio, a 501c3 healthcare-focused venture studio focused on serving diverse and underrepresented founders.
- Aspiring entrepreneurs will go through a rigorous interview process, and once accepted and assigned a company will go through a rigorous growth program designed to jump-start the company’s success. The Journey provides hands-on support, investment, mentorship and
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Smile Digital Health Closes $30M to Expand Health Data Fabric Platform
What You Should Know:
- Smile CDR Inc. (doing business as Smile Digital Health) ("Smile"), a FHIR® health data fabric (HDF) and exchange solutions provider raises $30M in Series B growth capital led by existing investors including UPMC Enterprises.
- Founded in 2016, Smile's HDF platform uses industry-leading HDF architecture and ONC-compliant, event-driven FHIR APIs to allow healthcare providers, payers and IT vendors to build secure,
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Tia and Cedars-Sinai Partner to Enhance Women’s Health
What You Should Know:
- Tia, the modern medical home for women, announced that it is teaming up with Cedars-Sinai, one of California’s leading health systems, to expand access to primary and specialty care for women across Los Angeles. Together, the two healthcare leaders will provide and enhance high-quality physical, mental and reproductive healthcare for more than 100,000 women throughout the Los Angeles region.
- The deal -- which includes opening multiple clinics throughout LA -- will
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Mighty Health Raises $7.6M for Daily Health Program for Medicare-Aged Adults
What You Should Know:
Mighty Health, the first all-in-one daily health program designed for adults ages 50 and up, today announced $7.6M in new financing co-led by Will Ventures and GFT Ventures.
- Mighty Health has built the modern home for healthy living for 50 on up, offering aging adults access to personalized and holistic health guidance through joint-friendly workouts, chronic condition-specific programs, custom nutrition plans, and 1-on-1 health coaching.
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HPS/PayMedix to Expand $25M for Healthcare Financing Solution
What You Should Know:
- Today, Health Payment Systems, Inc. (HPS)/PayMedix announced it has raised another $25M of funding to accelerate the growth of its PayMedix healthcare financing solution led by SVB Capital with partipcation from existing investors SV Health Investors, Hexagon, Inc. and Caltius Equity.
- PayMedix increases health equity for all consumers by guaranteeing full and prompt payments of all in-network allowed charges for
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Angle Health Raises $58M for Digital-First Health Insurance
What You Should Know:
- Angle Health, a digital first health insurance carrier raises $58M in Series A funding, making health insurance more convenient, approachable, and affordable for employers and members. The round was led by Portage with participation from PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, and Pilot founder Waseem Daher; and support from existing investors Blumberg Capital,
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Amazon Launches RxPass, $5 a Month for Unlimited Prescription Meds
What You Should Know:
- Amazon launches RxPass, a new Prime membership benefit from Amazon Pharmacy that offers patients affordable access to commonly prescribed generic medications that treat more than 80 common health conditions.
- RxPass enables Prime members can receive all of their eligible medications for one flat, low monthly fee of $5, and have them delivered free of charge. There are no hidden fees and no markups to the $5 per month subscription.
- RxPass is available starting
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M&A: ReviveHealth Acquires Telehealth Company SwiftMD
What You Should Know:
ReviveHealth, a whole health and integrated care company, has acquired SwiftMD, a virtual care services company with a strong physician network.
- The acquisition was facilitated by Eir Partners, a Miami based private equity firm that invests in high growth healthcare companies. Eir Partners took a majority interest in ReviveHealth as a part of the transaction.
SwiftMD Background
SwiftMD is a digital virtual health company with the highest utilization rate
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9 Executive Revenue Cycle Predictions/Trends to Watch in 2023
Nate Maslak, the co-founder/CEO of Ribbon Health
Price Transparency: In 2022, we saw CMS’s Transparency in Coverage rule go into effect, requiring non-hospital entities like health plans and providers to publish publicly available rates for care. In 2023, we’ll see this price transparency data become more mainstream as it finally makes its way into the hands of patients, empowering them to find the best care for them, reevaluate their care choices, and shop around for the best possible care
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