Parachute Health, a New York-based ePrescribing platform transforming the way patients receive the care they need to properly manage their health and recovery at home has raised $9.5 million in new funding led by Harley Miller and Dan Ahrens of Insight Venture Partners. The funding also included participation from GNYHA Ventures, the business arm of the Greater New York Hospital Association and Anthony Welters, formerly of UnitedHealth Group. The company plans to use the funding to expand
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Teladoc Acquires Global Virtual Care Provider Advance Medical for $352M in Cash and Stock
Virtual care provider Teladoc, today announced it has acquired Advance Medical, an international virtual care provider of telemedicine services across Europe, Asia, Latin America for $352 million cash and stock. Under the terms of the agreement, the purchase price consists of approximately $292 million in cash and $60 million of Teladoc common stock. With a broadened international footprint and the ability to offer an expanded set of clinical services worldwide, the combination creates the only
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Premier Launches Physician Enterprise Collaborative to Identify Margin Improvements for Medical Groups
Premier Inc., a healthcare improvement company, is launching a new performance improvement collaborative to help health systems navigate the integration and alignment of employed and affiliated medical groups while optimizing overall practice performance. The Physician Enterprise Collaborative seeks to help medical groups identify margin improvements equivalent to 5 to 7 percent of professional net patient revenue (cash collections of billing activity).Officially beginning in June 2018,
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Colorado Access Taps Welltok to Improve Medicaid Member Communication
With Medicaid dollars stretched thin, it’s critical that health plans operate as efficiently as possible. Many plans make costly investments in beneficiary outreach services or technologies that bombard individuals with ineffective communications that they may not even see. But to operate efficiently, Colorado Access (COA), the state’s nonprofit provider of Medicaid programs, is addressing this head on with new communication methods. Today, COA announced that they are partnering with Welltok and
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Qardio Launches New Service for Doctors to Bill for Remote Care Monitoring, Increasing Revenue Opportunities
Qardio, a digital health company, announced a new service for remote monitoring that brings a smarter way for doctors to deliver non face-to-face patient care while increasing revenue opportunities with the new reimbursement CPT code 99091. This new service is powered by Qardio’s doctor platform, QardioMD, which automatically compiles and analyzes patient vitals such as blood pressure, ECG and weight recorded outside the doctor's’ office. With this service, doctors can now more easily be
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Tampa General, GE Healthcare Partner to Launch New Care Coordination Center
Tampa General Hospital (TGH) and GE Healthcare are partnering to launch a new care coordination center that will harness predictive analytics to help improve the experience and outcomes for patients, families and hospital staff. Set to open in 2019, the 9,000 square foot care coordination center will be powered by GE's Wall of Analytics, which continually examines data that recommends actions to reduce delays in patient progression, predict and prevent risk, and balance staff workload.The center
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Boomtown, COPIC Launch Patient Safety HealthTech Startup Accelerator
Boulder, CO-based startup accelerator Boomtown and COPIC, a medical liability insurance provider recognized for its innovative patient safety and risk management, have announced a multi-year agreement to launch the Patient Safety HealthTech Startup Accelerator. The Boomtown Patient Safety Health Tech Accelerator will supports innovations in patient safety and risk management and is seeking startups empower consumers, increase efficiency, and improve outcomes for patients and providers
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AARP Partners With Folia, Orbita & Pillo Health to Improve Patient Wellbeing
AARP announced its collaboration with three healthcare startups in its “champion” role in PULSE@MassChallenge, a digital health accelerator. As part of its participation, AARP is working with three Massachusetts-based companies focused on advancing healthcare and improving patient wellbeing: Folia Health, Inc., Orbita, Inc., Pillo Health.Earlier this year, 32 finalist startups from over 500 applicants entered the 2018 PULSE@MassChallenge accelerator program. The startups selected to participate
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Propeller Health Lands $20M to Develop Digital Medicine Platform Across Therapeutic Areas
Propeller Health, a digital therapeutics company, toay announced a $20 million funding round led by Aptar Pharma, with participation from existing investors Safeguard Scientifics, Social Capital, Hikma, 3M Ventures and SR One. Propeller plans to use the proceeds from the funding to support Propeller's investment in its pipeline of digital therapeutics and additional connected devices for the treatment of chronic respiratory disease, an area of continued market growth for the company. Propeller
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HGE Health, Change Healthcare Partner on Value-based COPD Care Transformation
HGE Health, a healthcare technology company that works worldwide with pulmonary surgeons, physicians and patients, is joining with healthcare information technology giant Change Healthcare to rapidly accelerate the industry’s evolution to value-based care for COPD, pulmonary issues and a host of other critical diseases. The alliance, which is already underway, is expected to help Change Healthcare expand their capabilities in population healthcare management, close communications gaps between
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