What You Should Know:
- OTV (formerly Olive Tree
Ventures), Israel’s ‘digital health first’ venture capital firm closes $170
million venture fund to support innovative digital health companies worldwide.
- OTV also announced today a new China
office and the appointment of Jose Antonio Urrutia Rivas as Head of Asia
Pacific.
OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm, today announced the closing of a fund with a total value of
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MEDITECH Launches New Subscription-Based Cloud Platform Built on Google Cloud
What You Should Know:
- Today, MEDITECH announced MEDITECH Cloud Platform—a
suite of solutions available to healthcare organizations of all sizes that
further extend the possibilities of the Expanse EHR.
- This offering includes: Expanse NOW, High Availability
SnapShot, and Virtual Care solutions, all created to work naturally in the
cloud, and available through a subscription model.
Today MEDITECH
introduced MEDITECH Cloud Platform—a suite of solutions available to
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M&A: Olive Acquires AI Prior Authorization Company Verata Health
What You Should Know:
- On the heels of $225.5 million dollars in funding and a
$1.5B valuation this week, Olive today announced its acquisition of Verata
Health to create a combined AI prior authorization solution for providers and
payers under the Olive name.
- Prior authorization is a $31 billion dollar issue in
healthcare, and one of the top reasons patient care is delayed. Olive is now
able to reduce write-offs by over 40% and cut turnaround times for prior
authorizations by up to
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AHRQ and Google Pilot New Tool to Help Patients Plan for Medical Visits
What You Should Know:
- Built-in collaboration with the Agency for Healthcare Research and Quality (AHRQ), Google is piloting a new tool to help patients plan for medical visits.
- The new Google visit planning tool makes it easy for
patients and those who care for them to privately list and prioritize their
questions in preparation for a medical visit.
- The suggested questions, developed by AHRQ as part of its “Questions are the Answer” initiative, is designed to get people thinking
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The Stanford Center for Digital Health Landscape Report
The Stanford Center for Digital Health recently released the Stanford Center for Digital Health Landscape Report, a first of its kind, comprehensive analysis of digital health efforts across Stanford. The report includes a deep dive into academic literature, detailed research trends, and unique institutional insights from a variety of stakeholders throughout the Stanford ecosystem.
The report focuses on four core elements:
1. Literature review of Stanford’s digital health
publications
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London-Based uMed Secures $4.8M to Automate & Advance Clinical Research Registries
What You Should Know:
- London-based uMed has raised nearly $4.8m in venture
capital funding to help healthcare providers in the UK and US participate in
more clinical studies.
- The funding will enable uMed to grow its innovative platform which automates processes in running clinical research registries while ensuring regulatory compliance. Its platform can link some of the richest sources of healthcare data and drive a step-change in how clinical and real-world research is
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Virta Health Reaches Unicorn Status After Raising $65M to Reverse Type 2 Diabetes
What You Should Know:
- Virta just
closed a $65 Series D round, to scale its virtual clinic and approach to
reversing chronic metabolic conditions (T2D, prediabetes, and obesity) to the
masses.
- The financing, led by Sequoia Capital Global Equities,
also hurdles Virta well into unicorn territory ($1.1B+ valuation), recognizing
pre-pandemic growth that has accelerated during the COVID era.
Virta Health, a
San Francisco, CA-based company delivering the first
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M&A: Imprivata Acquires Patient Privacy Intelligence Company FairWarning
What You Should Know:
- Imprivata acquires FairWarning Technologies, a provider
of patient privacy intelligence.
- The combined solutions will offer healthcare a single Digital Identity platform that integrates role-based access controls, identity governance, and data privacy compliance.
Imprivata®, the digital identity company for healthcare, today announced the acquisition
of FairWarning
Technologies, LLC, a Clearwater, FL-based provider of patient privacy intelligence.
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M&A: CarepathRx Acquires Pharmacy Operations of Chartwell from UPMC for $400M
What You Should Know:
- CarepathRx will
acquire the University of Pittsburgh Medical Center’s pharmacy operations in a
$400M deal.
- The company fully
integrates pharmacy operations, expands healthcare services, improves
ambulatory access, minimizes clinical variation and creates new health system
revenue streams.
- CarepathRx serves more than 15 health systems and 600
hospitals, with more than 1,500 employees nationwide, 400 payor contracts.
Already CarepathRx has treated more than
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Olive Hits $1.5B Valuation with Additional $225.5M Funding for AI-Powered Digital Employee Platform
What You Should Know:
- AI workforce management for healthcare provider Olive lands an additional $225.5M in funding, bringing the company’s valuation to $1.5B.
- This latest funding round will enable
Olive to accelerate product development, and the company plans to announce more
capabilities in 2021 to support the entire healthcare ecosystem.
Olive,
the company creating the AI workforce for healthcare, today
announced an additional $225.5M in financing led by Tiger Global
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