- AVIA raises $22M to expand its leading healthcare innovation network to expand its service offerings and reach new markets. - Specifically, AVIA will tap into the new funds to grow its offerings in areas including consumerism, population health, and risk management, and to reach new markets such as pediatric hospitals and payers.- Members of the AVIA Innovator Network access unique insights, participate in collaborative strategic initiatives, and engage in consulting services to increase speed
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XLerateHealth Awarded $1.7M Grants to Fuel Healthcare Innovation in Under-Resourced States
- XLerateHealth (XLH) has been awarded a total of $1.7M in grants to continue building the XLerator Network and support academic healthcare innovation across the Southeast. - The continuation of the grant secures a second year of funding for XLH and its partners to build on foundational assessment and planning work completed in year one.XLerateHealth (XLH), a Louisville, KY-based healthcare accelerator has been awarded grants totaling $1.7M to continue building the XLerator Network and support
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Philips, Dept. of Defense Partner to Develop AI-Algorithm to Detect Infection 48 Hours Before Observable Symptoms
- Philips and the U.S. Department of Defense are teaming up to develop an AI-algorithm to identify infection more than 48 hours before observable symptoms.
- Using large data sets & machine learning across biomarkers, innovative tech can speed time to detection, intervention & treatment, while improving outcomes & reducing the spread of disease.
- Future research is currently being planned to leverage this information as an algorithm to be integrated into a wearable device,
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Onegevity Health Acquires Global Licensing Rights to Mount Sinai’s Lab100
- Onegevity Health announced it has acquired global licensing rights to Mount Sinai’s Lab100 clinic that uses precision diagnostics to empower patients and help scientists advance our understanding of human health.
- Clinic and research lab offers patients access to comprehensive health assessment, expands clinical understanding of disease prevention and provides a wealth of health outcomes data.
Today, NYC-based health tech company, Onegevity Health, announced it acquired the global
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CHG Healthcare Acquires Physician Credentialing Company Modio Health
- CHG Healthcare has acquired physician credentialing company Modio Health for an undisclosed term. - Modio and CHG are combining forces to improve credentialing for CHG employees and the thousands of providers and healthcare facilities it works with, making the process faster, safer, and more cost-effective.Healthcare staffing company CHG Healthcare has acquired Modio Health, a San Francisco, CA-based physician credentialing provider. The acquisition will improve credentialing for Change
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Partners HealthCare Launches $80M Investment Funds Towards AI & Digital Translation
- Partners HealthCare launches two new investment funds aimed at addressing the lack of translational funding in pre-clinical life sciences, Artificial Intelligence (AI) and digital technology development. - The Partners HealthCare Artificial Intelligence and Digital Translation Fund (AIDIF) has an initial funding of $30M over five years and the Translational Innovation Fund (TIF) has funding of $50M over six years.Partners HealthCare today announced the creation of two new investment venture
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Cleveland Clinic, American Well Launches New Company to Offer Virtual Visits
- Cleveland Clinic and American Well form a new joint venture, The Clinic, to distribute comprehensive health services through virtual visits. - Through a secure digital platform powered by American Well, people from around the world will be able to connect with Cleveland Clinic's leading specialists and receive insights, opinions, recommendations, and assistance for a variety of conditions.Cleveland Clinic and American Well are partnering on a first-of-its-kind initiative to provide broad
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Google Appoints Karen DeSalvo As First-Ever Chief Health Officer
- Google appoints former ONC chief Dr. Karen DeSalvo as the company’s first-ever Chief Health Officer to further establish its aggressive movement in the healthcare market.
- In her new role as Chief Health Officer, she will report to former Geisinger Health CEO David Feinberg.
Dr. Karen DeSalvo, who served as National Coordinator for Health Information Technology and Assistant Secretary for Health (Acting) during the Obama administration has been appointed by Google to serve as the
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Cerner Acquires Strategic Health IT Consulting & Engineering Firm AbleVets
- Cerner announced it will acquire strategic health IT consulting and engineering firm AbleVets as a wholly-owned subsidiary. - The acquisition will help Cerner expand its scale and expertise in implementing health IT modernization solutions in the federal market.Today, Cerner Corporation announced a definitive agreement to acquire AbleVets—a strategic health IT consulting and engineering firm—as a wholly-owned subsidiary. Through its work with civil and defense health agencies, AbleVets
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Top Global Digital Health/Health IT VC Funding Categories in Q3 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reached $2B in funding across 156 deals in Q3 2019, according to market research firm Mercom Capital Group. The 9M & Q3 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals global venture capital reached $7.2B over 474 deals in the first nine months of 2019 compared to $8B in 556 deals in 9M 2018. In Q3 2019, Digital Health companies raised $2B in 156
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