Silicon Valley-based healthcare data platform company Innovaccer, announced that is has closed $35 million in Series B funding, led by Microsoft’s investment arm M12 (formerly known as Microsoft Ventures), Westbridge Capital with participation from Lightspeed Ventures. The latest round brings the total capital raised by Innovaccer to $51 million. Founded in 2014, Innovaccer Inc. is on a mission to drive efficiency in healthcare by unleashing the power of data. Its leading healthcare data
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Teladoc Launches Personalized Back Care Solution to Expand Portfolio of Offerings
Today Teladoc Health announced the U.S. launch of Teladoc Back Care – a personalized, online back pain treatment program to reduce the intensity, frustration, and impact of back pain. This new service adds to Teladoc Health’s broadening array of services, ranging from cold and flu to complex conditions like behavioral health, and even cancer.With back pain estimated to be the third-highest medical cost driver in the U.S. at $87 billion, this service is expected to have a tremendous impact on
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Definitive Healthcare Acquires HIMSS Analytics’ Data Services Business
Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the vendor data services business of HIMSS Analytics, which includes the Logic, Predict, Analyze and custom research products. The acquisition will build on the Definitive's articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market.“HIMSS Analytics has developed an extraordinarily
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Israeli Telehealth Startup TytoCare Extends Series C, Bringing Total Funds to $33.5M
TytoCare, an Israeli-based telehealth company, today announced it has extended its Series C funding to add key strategic investors, bringing the total funds raised to $33.5M. This is an extension of the oversubscribed 2018 round led by Ping An Global Voyager Fund with new investors Shenzhen Capital Group of China, Japan’s Itochu, and Sanford Health of the US.Founded in 2012, TytoCare has three telehealth products: TytoHome™ for consumers, TytoPro™ for professionals, and TytoClinic™ for remote
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Heal Expands On-Demand Doctor Calls to Atlanta Metro Area for Aetna Members
On-demand doctor house call service provider Heal today announced it has joined Aetna’s robust network of high-quality providers in the metro Atlanta area, including Gwinnett, Forsyth, Fulton, Cobb, DeKalb, and Clayton counties. Effective immediately, Aetna Commercial members can schedule house calls with pediatricians, internists and family practice physicians for the same co-pay as a primary care doctor’s office visit.Between 8:00 a.m. and 8:00 p.m., seven days a week, 365 days a year, a
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape
The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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aMoon II Raises $600M Digital Health Fund to Invest in Mid to Late-Stage Companies
Israeli-based health tech and life sciences venture fund aMoon II has raised $600 million from investors and aims to raise up to $750 million by its close in February, Reuters reported. The fund's objective is to generate strong investment returns by partnering with promising mid-late-stage companies in Israel and in select other global centers of healthtech innovation.aMoon II Investment FocusFounded in 2018, aMoon II secured a $250 million investment commitment from Credit Suisse’s asset
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HealthStream Acquires Providigm for $18M in Cash to Drive Quality Outcomes
HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities for approximately $18 million in cash. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based
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Halo Communications Launches Halo Patient Coordinator for Team-based Care Coordination
Halo Communications (formerly known as DocHalo), today announced the launch of Halo Patient Coordinator will give doctors and nurses the ability to focus mobile and collaborative care around individual patients by allowing teams to be created, managed and adjusted automatically — providing real-time updates, case-by-case EMR syncing, and much more.A product offering available within Halo’s Clinical Communication Platform, Halo Patient Coordinator allows patient care teams to be created, managed
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Vocera Launches Wearable Smartbadge to Redefine Healthcare Communication
Vocera Communications, Inc., a provider of clinical communication and workflow solutions has announced the launch of a new category of wearable communication devices that enables clinician agility and accelerates patient care. The Vocera Smartbadge combines smartphone usability with the hands-free freedom of the Vocera Badge to redefine healthcare communication.Based on two decades of customer feedback, the Smartbadge carves out a new category of wearable mobile communication devices and
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