Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system. Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
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Philips Cares App Launches to Digitize the Aging and Caregiving Experience
Role reversal, complexity and cost put tremendous strain on families as they go through the challenges of aging. To help family caregivers be there for their loved ones, easing and enriching their aging journey, Philips launched Philips Cares app at CES. Whether caring for a loved one or for themselves, Philips Cares Aging & Caregiving service is a digital experience that enables people to easily form and activate a care circle of trusted family and friends, access meaningful insights into
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DispatchHealth Expand On-demand Urgent Care Nationwide with New Health Systems Partnerships
DispatchHealth, a company bringing on-demand urgent care directly to patients’ homes, today announced a nationwide expansion and partnerships with numerous healthcare companies. These partnerships and new markets include: Baystate Health in Springfield, Massachusetts; Texas Health Resources in Dallas, Texas; and MultiCare in Tacoma, Washington. With the expansion, DispatchHealth can deliver acute care to an additional 80,000 patients nationwide throughout 2019, saving an estimated $100 million
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Led by Philips, Prenatal App Babyscripts Nabs $6M to Support Holistic Care for Mothers
Babyscripts, Inc., a Washington D.C.-based virtual care platform for managing obstetrics, announced today that Philips has taken a minority position in the company by leading a $6 million round of financing. The round also included participation from investors StartUp Health and NueCura Partners.Founded in 2013, Babyscripts has spent the last four years building a clinically-validated, virtual care platform to allow OBGYNs to deliver a new model of prenatal care. Using Internet-connected devices
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Verato Raises $10M to Eliminate Duplicate Medical Records with Patient Matching Technology
Verato, a McLean, VA-based provider of cloud-based patient matching and master patient index (MPI) technology, today announced that it has raised $10 million in Series C financing led by existing investors Bessemer Venture Partners and Columbia Capital with participation from Blue Heron Capital and California Health Care Foundation. The company plans to use the latest round of funding to accelerate the adoption of Verato’s revolutionary new technology by all segments within healthcare –
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VRHealth Launches First Telehealth VR Medical Platform
VRHealth, a Boston and Israel-based digital health company providing specialized virtual reality (VR) technology solutions and data analysis, today announced the launch of the first telehealth-VR medical platform that includes apps specifically designed for consumers to use at home. VR Health is participating in AARP Innovation Labs. As part of the company’s collaboration with AARP, VRhealth has a residency in AARP Innovation Lab and is integrating core features of its product into the “Health
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Cerner, CoverMyMeds Integrate to Improve Prescription Price Transparency at Point of Care
Cerner, today announced a new collaboration with CoverMyMeds to integrate patient-specific information into the EHR for providers to review prescription pricing information with their patients at the point of care. Prescription price transparency can help simplify conversations between individuals and their providers to create personalized care plans that meet a person’s medical and financial needs.Integration BenefitsWhen implemented, providers will be able to view prescription benefit
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3 Use Cases for Utilizing Blockchain Technology in Small Practices
Until a couple of years ago, "blockchain" was a buzzword in financial circles, especially regarding cryptocurrencies. But that's no longer the case—blockchain technology is set to disrupt major industries such as healthcare, legal, education, banking, real estate, data security, and even the government.The blockchain is expected to completely redesign the DNA of healthcare delivery systems in the coming years. The global blockchain market for healthcare is forecast to rise to $1.4 billion by
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Ochsner to Deliver Remote Monitoring Service to Cardiac Implant Patients Across Southeast
Ochsner Health System announced it will deliver remote monitoring service for patients with cardiac implants will be utilized in the throughout Louisiana, Arkansas, Mississippi, Alabama, and Georgia. The provider has signed an agreement with Geneva Health Solutions (GHS), a device data management platform and remote monitoring service for implantable cardiac devices to provide the service. The GHS system will drive full automated scheduling and reporting in collaboration with Ochsner’s Epic
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Johns Hopkins Deploys Nuance’s AI-Powered Clinical Documentation to Combat Clinician Burnout
Nuance announced that Johns Hopkins has implemented Nuance’s conversational AI-powered clinical documentation solutions, including Dragon Medical One and Dragon Medical Advisor, to advance its “Joy at Johns Hopkins Medicine” initiative to help combat physician burnout. Nuance’s solutions are purpose-built to augment the physician’s role and reduce clinical documentation time, placing a greater emphasis on meaningful patient-provider interactions.Combatting Clinician BurnoutBurnout is an
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