The MedTech Accelerator, a collaborative effort between Mayo Clinic and Arizona State University has announced the selection of six digital health startups for its inaugural cohort. The MedTech Accelerator provides medical device and healthcare IT early-stage companies with personalized business development plans to collaborate with Mayo Clinic and ASU and accelerate go to market and investment opportunities. Benefits of Accelerator for Selected StartupsThe immersive experience will help
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PE Firm Considering Options Including Sale of RCM Provider Waystar
Private multi-asset alternative investment firm Bain Capital is reportedly considering options including the potential sale of revenue cycle management (RCM) company Waystar, Bloomberg reports. In 2018, Bain rebranded RCM companies Navicure and ZirMed as Waystar after merging the two companies together in 2017. Waystar Sale Could Value Company At More Than $3BBain has started early-stage discussions about a potential sale that could value the business at more than $3 billion, according to
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Cone Health, Babyscripts Expands Partnership to Develop Digital Solutions for Prenatal & Postpartum Health
Babyscripts, a virtual care platform for managing obstetrics, has expanded its partnership with Cone Health, a leading not-for-profit network of healthcare providers in North Carolina. The expanded partnership seeks to develop new digital modules to improve access to high-quality pregnancy care for risk-specific populations.Cone Health’s Expanded Partnership with BabyscriptsAs part of the partnership, Cone Health provides Babyscripts invaluable clinical input, access to clinical staff and
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UnitedHealthcare Tech Accelerator Appoints Matt Miller as Managing Director
Today, UnitedHealthcare and Techstars opened applications for the UnitedHealthcare Accelerator Powered by Techstars, which just launched in Minneapolis to collaboratively develop innovations in digital health and wellness. The program will focus on digital health and wellness solutions that help support and enhance the experience of UnitedHealthcare members.UnitedHealthcare Tech Accelerator Application Criteria & DeadlineApplications for the inaugural class are open through May 12, 2019. The
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Censinet Nabs $7.8M for Third-Party Vendor Risk Management Platform
Censinet, a third-party risk management company for healthcare providers has raised $7.8 million in Series A funding co-led by HLM Venture Partners and Cedars-Sinai Health System. The Series A round also includes participation from seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures.The Problem with Provider Vendor Risk Management TodayHospitals today work with 700 vendors on average, each requiring a risk assessment that can take eight weeks or more to complete. Due to the
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Fundamental Surgery Becomes First VR Surgical Training Simulation to Gain CPD Accreditation
FundamentalVR, developers of
immersive training technology for the surgical community, has announced its
platform Fundamental Surgery, which combines
virtual reality with haptics (the sense of touch), has received Continuing
Professional Development (CPD) accreditation by The Royal College of
Surgeons. The accreditation
marks Fundamental Surgery as the first surgical simulation that combines VR
with haptics (the sense of touch) to receive CPD points.
Impact of
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7 Healthcare Trends Advancing and Impacting Growth Initiatives in 2019
Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, today released results from its 2019 Healthcare Trends Survey. Definitive Healthcare polled over 1,000 healthcare leaders across the provider, biotech, financial services, staffing, life sciences, IT, and consulting verticals to determine which trends they felt were most important, heading into 2019.Here are seven healthcare trends advancing and impacting growth initiatives in the healthcare
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Redox Lands $33M for Scalable Healthcare Data Interoperability Platform
Redox, a Madison, WI-based company that
is changing the way healthcare providers and software vendors share data has
raised $33 million in Series C funding led by Battery Ventures. The Series C
round also included participation from existing investors .406 Ventures, RRE
Ventures, and Intermountain Ventures.
Finally. A Scalable Way to Exchange Healthcare Data
Currently, inconsistent data formats and redundant connections slow, or completely prevent the flow of critical health information,
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TytoCare’s On-Demand Medical Exam Kit Is Exclusively Available at Best Buy
TytoCare, an Israeli-based telehealth company is teaming up with Best Buy to make it easier and more convenient for customers to receive healthcare. Tyto Care’s TytoHome is now available exclusively on BestBuy.com for all customers and in select Minnesota Best Buy stores, with in-store availability coming soon in North Dakota, South Dakota, California, and Ohio.TytoHome: How It WorksTytoHome, available for $299.99, is a handheld examination device with attachments that can examine the heart,
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AllyAlign Health Raises $10M to Power Value-Based Care for Seniors
AllyAlign Health, a Richmond-based developer and administrator of Medicare Advantage special need plans that benefit long-term care providers has raised $10M in strategic funding led by McKesson Ventures. Existing investors Heritage Healthcare Innovation Fund, Health Enterprise Partners and the LinkAge Fund also participated in the financing. This brings the total capital raised to over $41 million.AllyAlign Health BackgroundAllyAlign Health (AAH) began reforming the health system in 2014 by
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