What You Should Know:
- Medsphere Systems Corporation, a provider of affordable and interoperable healthcare IT platform solutions, today announced that Wells Fargo has extended a $50 million credit facility that will enable Medsphere to continue its current growth trajectory.
- Medsphere is continuing to develop a comprehensive health platform that incorporates existing technology platforms and service lines
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Livongo Exec Launches FemTec Health with $38M to Transform Healthcare Experience for Women
What You Should Know:
- Today, former Livongo executive Dr. Kimon Angelides announced the launch of FemTec Health, a women's health sciences and beauty company with $38M in funding focused on using technology and data to transform the total healthcare experience for women.
- Investors, capital and shareholders include Longmont Capital, Ithaca LifeSciences, Unilever Ventures, Estee Lauder, Shiseido, e.Ventures, Viking Global, and Trinity Capital with more than $38M raised to date.
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Hinge Health Reaches $6.2B Valuation with $600M for Digital Musculoskeletal Care Solution
What You Should Know:
- Hinge Health, a San Francisco, CA-based digital musculoskeletal (MSK) solution, today announced $400 million Series E financing led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a $200 million secondary investment. At a $6.2 billion-dollar valuation, Hinge Health is now one of the most valuable companies in digital health.
- Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable
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NorthShore Integrates with TytoCare to Expand Telehealth Offerings
What You Should Know:
- NorthShore University HealthSystem, today announced a new partnership with on-demand, remote medical exam provider TytoCare to expand its telehealth offerings. In May 2021, NorthShore launched an initial pilot with over 280 NorthShore employees that offered them Immediate Care with the TytoCare device and platform. The pilot exceeded target goals and allowed NorthShore employees to share their feedback to help shape the future of NorthShore patient care and refine the
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LexisNexis & Voyce App Joins Epic App Orchard Marketplace
What You Should Know:
- Voyce, an on-demand live interpreter app that helps break down language barriers in healthcare and LexisNexis® Healthcare Identity Management platform announced its availability in the Epic App Orchard Marketplace.
- The integration with Epic App Orchard enables any health system or healthcare provider using Epic can directly access Voyce app and LexisNexis identity and access management (IAM) solution.
The LexisNexis Healthcare Identity Management
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Healthcare SPAC Deep Medicine Acquisition Announces Pricing of $110M IPO
What You Should Know:
- Deep Medicine Acquisition Corp. (the “Company”), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses announced today that it priced its upsized initial public offering of 11,000,000 units at $10.00 per unit.
- The units are expected to be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker
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How Healthcare Facilities Can Prepare for Expanded Inclusion Criteria for Telehealth and RPM Solutions in Value-Based Care Settings
As legislation, engagement and positive results continue to push digital patient care solutions forward, many healthcare organizations are not yet prepared for the increased adoption of these technologies. While general interest in telehealth remains somewhat lukewarm, the proof of viability for clinically-driven remote patient monitoring (RPM) is undoubtedly there and will become table stakes as positive results and legislation continue to progress. As a healthcare provider, how can you best
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Medable Secures $304M at $2.1B Valuation for Decentralized Clinical Trials Platform
What You Should Know:
- Decentralized Clinical Trials (DCT) leader Medable, today announced a $304M Series D funding round today – the company’s largest and fourth funding round in 18 months, bringing total capital raised to $521M – and valuation to $2B+. The funding round was co-led by new investors Blackstone Growth and Tiger Global and existing investor GSR Ventures. The round also includes follow-on investment from existing investors Sapphire
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Patina Emerges Out of Stealth with $50M to Reinvent Primary Care & Aging Experience
What You Should Know:
- Patina Health Inc. (PatinaTM) came out of stealth today to announced its $57M Series A round from healthcare investors Andreessen Horowitz (a16z) and GV (formerly Google Ventures), who co-led the Seed and Series A rounds, as well as F-Prime, Rock Springs Capital, Viking Global Investors and others.
- Patina has created a new model of primary care, in collaboration with Patina Medical Group, to profoundly improve the healthcare and aging experience for
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Anomaly Secures $17M to Expand Precision Payment Platform to Improve Payment Accuracy
What You Should Know:
- Anomaly, a precision payments platform using artificial intelligence (AI) to improve payment accuracy in the healthcare industry, today announced $17M in series A and seed funding. The series A was led by RRE Ventures and included participation from Link Ventures and existing investors Madrona Venture Group, Declaration Partners, and Redesign Health.
- Anomaly plans to use today’s funding to grow its team, invest further in product development, and expand its market
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