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Jasmine Pennic | HIT Consultant

Digital Prescribing Platform Xealth Raises Additional $3M to Close $14M Series A Round

by Jasmine Pennic 06/20/2019 Leave a Comment

Digital Prescribing Platform Xealth Raises $11M to Expand Digital Health Tools

Xealth, a Seattle-based digital prescribing platform has raised an additional $3 million in its Series A financing, bringing the amount raised in this round to $14 million total. New investors Atrium Health, Cleveland Clinic and MemorialCare Innovation Fund join McKesson Ventures, Novartis, Philips, ResMed, Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network. Investments from this round will be used to advance the
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Konica Minolta, Novo Nordisk, Philips, Stryker Join Emory Healthcare Innovation Hub

by Jasmine Pennic 06/20/2019 Leave a Comment

Emory Healthcare Innovation Hub

The Emory Healthcare Innovation Hub today announced Konica Minolta Healthcare, Novo Nordisk, Philips, and Stryker as its newest strategic partners committed to improving patient care and provider experience by using health IT to solve the most pressing problems facing healthcare.Demand-Driven InnovationFounded in 2018, the Emory Healthcare Innovation Hub is a healthcare innovation and commercialization program bringing together all the pieces of the healthcare innovation continuum to validate
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SubjectWell Raises $10M to Expand Risk-Free Clinical Trials Marketplace for Patient Recruitment

by Jasmine Pennic 06/19/2019 Leave a Comment

SubjectWell Raises $10M to Expand Risk-Free Clinical Trials Marketplace for Patient Recruitment

SubjectWell, an Austin, TX-based risk-free clinical trials marketplace for patient recruitment has raised $10 million in Series A funding led by Windham Venture Partners, with participation from previous investors Healthy Ventures and Geekdom Fund. SubjectWell Clinical Trials Marketplace Founded in 2012, SubjectWell is increasing participation in clinical research by providing a single marketplace that allows prospective patients to match to any available clinical trials. Instead of using
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Sanofi and Google to Establish Virtual Healthcare Innovation Lab Focused on AI-Enabled Datasets

by Jasmine Pennic 06/18/2019 Leave a Comment

Sanofi, TriNetX Partner to Optimize Clinical Trials with Digital Technology

French pharmaceutical company Sanofi and Google today announced its plan to establish a new virtual Innovation Lab that will leverage emerging data technologies to spur the transformation of healthcare delivery. The partnership will change how Sanofi develops new treatments and will focus on three key objectives1.     Better understand patients and diseases,2.     Incease Sanofi’s operational efficiency3.     Improve the experience of Sanofi’s patients and customersVirtual Innovation Lab
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Cara Care Nabs $7M to Expand Digital Therapuetic App for Digestive Diseases

by Jasmine Pennic 06/18/2019 Leave a Comment

Cara Care Nabs $7M to Expand Digital Therapuetic App for Digestive Diseases

Berlin, Germany-based digital health company Cara Care, announced today that it has secured $7 million in Series A funding led by Johnson & Johnson Innovation – JJDC, Inc. (JJDC) and Barcelona-based VC firm Asabys Partners with participation from existing investor Atlantic Labs. Cara Care was part of the Microsoft Accelerator and winner of the GlaxoSmithKline Transforming the Future of Self-Care Challenge in the category “Digital Health Technologies.” Cara Care has raised more than $9
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Kyruus, Brandify Integrate to Improve Health System Local Search Capabilities

by Jasmine Pennic 06/18/2019 Leave a Comment

Kyruus, Brandify Integrate to Improve Health System Local Search Capabilities

Kyruus, the leader in provider search and scheduling solutions for health systems, and Brandify, a location-based digital marketing solution for brands, today announced their partnership. Given that 2/3 of consumers search for providers near themselves or near a specific town/city, Kyruus and Brandify joined forces to enable health systems to give prospective (and returning) patients the accurate provider and location data they prioritize when searching for care.Impact of Location on Searching
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Optima Health Taps Cardinal Analytx for AI-Enabled Health Insights

by Jasmine Pennic 06/17/2019 Leave a Comment

Optima Health Taps Cardinal Analytx for AI-Enabled Health Insights

Optima Health, the health plan arm of integrated health system Sentara Healthcare has signed an agreement with  Cardinal Analytx Solutions, an artificial intelligence (AI)-enabled health insights company to deliver  more proactive care to Optima Health members throughout Virginia. The deal marks Cardinal’s first relationship with an integrated health system.AI-enabled Health Insights to Identify Potential High-Risk Members for Early Intervention and Proactive CareThe implementation of Cardinal’s
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Collective Health Lands $250M to Simplify Employer-Sponsored Health Insurance

by Jasmine Pennic 06/17/2019 Leave a Comment

Collective Health Lands $250M to Simplify Employer-Sponsored Health Insurance

Collective Health, a San Francisco, CA-based provider of a employer-sponsored health insurance platform has raised $205 million in Series D funding led by SoftBank’s Vision Fund with participation from GV, Founders Fund, Maverick Ventures, NEA and Sun Life. The latest round brings the company total funding to date at $435M.$1.2 Trillion Market Opportunity“With U.S. healthcare costs at $3.65 trillion in 2018, Collective Health is reinventing the healthcare experience for companies and their
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Allscripts Acquires Prescription & Prior Authorization Platform ZappRx

by Jasmine Pennic 06/14/2019 Leave a Comment

Allscripts Acquires Prescription & Prior Authorization Platform ZappRx

EHR vendor Allscripts has reached an agreement to acquire prescription and prior authorization platform ZappRx, according to CNBC. The acquisition will help Allscripts diversify its business outside of electronic medical record (EHR). The company has raised a total of $40M in funding to date.Founded in 2012 by Zoe Barry who previously worked at athenahealth, ZappRx streamlines the complex process required to order specialty medications, increasing efficiencies when collecting and maintaining the
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CredSimple Raises $14M to Redefine The Provider Credentialing Process

by Jasmine Pennic 06/14/2019 Leave a Comment

CredSimple Raises $14M to Redefine The Provider Credentialing Process

 CredSimple, the a NYC-based cloud-based healthcare credential verification organization, has raised $14 million in Series B funding led by Questa Capital. The round also included participation from existing investors including Windham Venture Partners who led the company's Series A round and Primary Ventures who co-led its seed investment.Outdated Credentialing ProcessTraditionally, credentialing has run on outdated systems, spreadsheets, and repetitive manual work that only increases work,
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