What You Should Know:
- Greater Good Health, the company redefining value-based care through the first primary care model centered around nurse practitioners (NPs) raises $10 million funding round led by LRVHealth, with participation from Martin Ventures, Health Velocity Capital and more.
- Committed to providing NPs with the tools they need to be successful, Greater Good Health offers access to a network of peers, training and development content and personal wellness experiences. The
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HealthQuest Capital Closes $675M for Fund IV to Invest in Transformational Healthcare Companies
What You Should Know:
- HealthQuest Capital, a sector specialist capital firm focused on companies optimizing value in healthcare, today announced the close of HealthQuest Partners IV, L.P., at its hard cap of $675M .
- The oversubscribed fund will enable HealthQuest to continue to invest in growth-stage companies that are revolutionizing the healthcare industry.
Providing Growth Capital to Companies Transforming Healthcare
Founded in 2013 by Garheng Kong, a physician, scientist, and
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Eli Lilly Partners with Yseop to Expedite Drug Approval Process
What You Should Know:
- Eli Lilly and Company partners with Yseop, an AI software company and pioneer in Natural Language Processing (NLP) to deploy Yseop’s world-class enterprise automation platform, Augmented Analyst, to accelerate bringing Lilly’s medicines to patients.
- Yseop’s platform uses Natural Language Generation (NLG) to augment human analysis with automated insights. With Yseop’s powerful AI automation technology, teams can shorten the time spent on specialist medical reports
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Character Biosciences Raises $18M to Expand Precision Medicine Platform for Diseases of Aging
What You Should Know:
- Character Biosciences (“Character”), a precision medicine platform for diseases of aging raises $18M in a new funding round led by Innovation Endeavors, alongside leading life sciences investors Section 32 and Catalio Capital Management. Formerly known as Clover Therapeutics, the company’s data-driven approach integrates genomics, deep phenotyping and machine learning for target and biomarker discovery.
- The company will use the funding to advance the frontiers of
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Hyundai Motor Group & NowRx to Explore Autonomous Vehicles for Medication Delivery
What You Should Know:
- Hyundai Motor Group (the Group), the global scale mobility provider including Hyundai Motor Company and Kia Corporation has partnered with tech-powered pharmacy NowRx on a pilot project to explore autonomous vehicles for medication delivery
- The pilot project will test and develop automated dispatch, fleet management, and other last-mile optimization technologies for same-day prescription delivery, with the possibility of testing
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Bon Secours Mercy Health Launches Digital Holding Company Accrete Health Partners
What You Should Know:
- Bon Secours Mercy Health (BSMH) today announced the launch of Accrete Health Partners, a digital holding company, that will function to further expand the organization's digital health services as well as new and ongoing programs and partnerships.
- New digital holding company will coalesce a continuum of leading solutions and services to connect the technology, data and people needed to streamline healthcare and ultimately help improve
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Turquoise Health Raises $20M for Healthcare Pricing Platform, Launches Direct Contracting Platform
What You Should Know:
- Turquoise Health, an end-to-end healthcare pricing platform, today announced a $20M Series A investment led by existing investor Andreessen Horowitz (a16z), with participation from Bessemer, Box Group, and new investor Tiger Global.
- Turquoise Health will use the funding to continue making transparent pricing ubiquitous for all healthcare stakeholders: payers, providers, and patients.
Direct Contracting Platform
In anticipation of July payer rates
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David Blumenthal to Step Down as Commonwealth Fund President at End of Year
What You Should Know:
- David Blumenthal, M.D., will step down as president of the Commonwealth Fund at the end of 2022, after 10 years as head of the health care policy foundation.
- Under his leadership, the Commonwealth Fund has implemented several new initiatives, including a major effort to eliminate racial and ethnic disparities in healthcare practice, policy, and outcomes and an expansion of work in healthcare coverage and access and international health policy and practice
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OncoHost Raises $35M for AI-Powered Precision Oncology Platform
What You Should Know:
- OncoHost, an AI-powered precision oncology platform, today announced a $35M Series C funding round led by ALIVE Israel HealthTech VC, as well as other prominent investors. Additional investors included leading Israeli financial firm Leumi Partners, Israel’s largest pension fund Menora Mivtachim, OurCrowd and other existing investors.
- The funding will go towards expanding OncoHost’s ongoing multicenter PROPHETIC trial as well as support its upcoming
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Intermountain Partners with VC Firm General Catalyst on Innovation
What You Should Know:
- Intermountain Healthcare announced a strategic partnership with digital health venture capital firm General Catalyst that will involve jointly exploring opportunities to accelerate the shift to value-based care through digital and other solutions.
- As part of the collaboration, Intermountain and General Catalyst will leverage the Health Assurance Network, which is a group of tech innovation companies within General Catalyst’s investment portfolio that are dedicated
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