Octave Bioscience lands $14M to bring expertise in chronic neurodegenerative markets and molecular Insights for improved care.Octave Bioscience, a Menlo Park, CA-based developer of a fully integrated care management platform delivering powerful insights for patients with neurodegenerative diseases, today announced it has raised $14 million in Series A funding. The round was led by BCBS Venture Partners with participation from Echo Health Ventures (a strategic collaboration of Cambia Health
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Chilmark Report: NLP Technology is Poised to Unlock Value of Unstructured Health Data
In the span of 10 years, healthcare organizations (HCOs) have gone from having very little information available for data mining to nearly drowning in vast and complex digital information. Simultaneously, the effort required to enter and clean the data has been unsustainably high, affecting clinician morale and analysts’ ability to extract insights for improving population health.All that is about to change for the better. As revealed in the latest Chilmark Research report, Natural Language
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GHX Acquires Medical Columbus to Expand Healthcare Supply Chain Presence in Europe
Healthcare supply chain provider GHX announced that the company has entered into an agreement to acquire a majority of assets and employees from Germany-based Medical Columbus, a provider of market leading content management and healthcare procurement software across Germany, Switzerland, Austria, and the Netherlands.With this acquisition, GHX will expand its supply chain and procurement solution offering and trading partner network in key European markets. Both companies’ solutions serve
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Report: 10 Disruptive Digital Business Models for Health Insurers
Digital technologies will transform the health insurance business and early adopters have started to implement new digital business models with initial success, according to a new Research2Guidance report. The report reveals new digital models are changing the way the insurers interact with patients.For example, digital insurers have reworked the trust equation with the patient, outsourced much of their value chain to their members, and now know much more about them. Digital business models tend
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Candor Healthcare to Implement Medsphere EHR in New Hospitals
Medsphere today announced an agreement with Texas-based Candor Healthcare to implement the company's healthcare IT solutions and services.Medsphere Systems Corporation, a provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced that the company has reached an agreement with Texas-based Candor Healthcare to implement Medsphere healthcare IT solutions in new hospitals Candor manages. The two companies will officially kick off the
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Rimidi Raises $6.575M for Cloud-based Enterprise Solution for Diabetes Management
Rimidi, Inc.(formerly known as Rimidi Diabetes), an Atlanta-based digital health startup that provides software and clinical analytics for chronic disease management, announced it has raised $6.575 million in Series A-1 financing, which includes a strategic investment by Eli Lilly and Company, an investment from Turner Investments, and participation from existing investors Cox Enterprises, Village Capital, The Jump Fund, and JAMB Global. The company plans to use the funding round to fuel growth
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Medtronic and UnitedHealthcare’s Value-based Relationship Results in Lower Costs, Fewer Hospital Readmissions
Today, Medtronic and UnitedHealthcare announced positive first-year results from their value-based relationship focused on improving health outcomes for people with diabetes. Results demonstrated cost-savings and reduced hospital admissions for UnitedHealthcare members with type 1 diabetes on Medtronic insulin pumps, when compared to other members on multiple daily injections (MDI) of insulin. Starting in 2016, more than 6,000 UnitedHealthcare members were given access to the Medtronic MiniMed
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Cedars-Sinai Accelerator Reveals 4th Class of 9 Digital Health Startups
Cedars-Sinai, today announced 9 new digital health startups selected to participate in its fourth class. From artificial intelligence to new devices and disruptive services, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges, particularly the experience of patients. The program is based in
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Change Healthcare Launches Consumer Payment Solution to Transform Their Financial Experience
This week, Change Healthcare unveiled Member Healthcare Payments, a consumer payment solution that enables health plans to display consolidated patient financial information in a single destination, and empower consumers to better understand and manage their healthcare finances. Additionally, Member Healthcare Payments helps health plans better support providers by collecting patient payments, which can eliminate the provider's need to collect those payments.The first health plan to utilize
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AdvancedMD Acquires NueMD to Expand Footprint by 27%
AdvancedMD, today announced it has acquired Marietta, Georgia-based Nuesoft Technologies (“NueMD”), a SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice. Post acquisition, AdvancedMD’s North American footprint will increase by 27%, expanding the total number of medical practice clients and practitioners to 11,000 and 33,000, respectively. AdvancedMD will retain NueMD offices in Marietta,
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