Revenue cycle management-focused startup Cedar has announced its entry into the health IT market with a new data-driven patient payment solution. Supported by $13M in Series A funding, the Cedar platform, which powers solutions for hospitals, health systems and medical groups, delivers modern intelligence to alleviate collections challenges, improve billing operations and ensure a personalized billing experience for patients.A Data-Driven Payment Solution for Hospitals and Medical GroupsToday,
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EpicMD Raises $3M for Telehealth Platform to Help Physicians Drive Revenue & Improve Patient Experience
EpicMD, a Miami, FL based provider of telehealth technology platform and service solutions focused on the needs of independent healthcare providers, has raised $3 million in Series A funding led by Sagemoore Capital. The round also included particpation from a host of the company’s largest customers, including high-net-worth family offices representing a number of nationally recognized medical thought leaders, each of whom engaged as early adopters of the platform solution.The global
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Philips Acquires Open-Standards-based Interoperability Provider Forcare
Philips has acquired Forcare, a Netherlands-based open-standards-based interoperability software solutions for fast and flawless data flows between medical systems and information sources at the departmental and enterprise levels, as well as Health Information Exchanges (HIEs) across health systems. Forcare and its team will provide highly complementary capabilities for Philips, and will enable Philips to deliver more effective, seamlessly integrated informatics solutions that improve clinical
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UnitedHealth’s Optum to Acquire DaVita Medical Group for $4.9B in Cash
UnitedHealth’s Optum has agreed to acquire DaVita Medical Group, one of the nation’s leading independent medical groups and a subsidiary of DaVita Inc. Under terms of the acquisition, Optum will acquire DaVita Medical Group for approximiately $4.9 billion in cash and is expected to close in 2018. DaVita plans to use the proceeds from the acquisition for significant stock repurchases over the next one to two years following the closing of the transaction, as well as to repay debt and for general
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PatientPay Secures $6M to Expand Patient Payments Platform for Specialty Care
PatientPay, a Raleigh-Durham, NC-based provider of patient payments for specialty care has secured $6 million in growth capital led by Teaghlach Family Office and existing investors, including Mosaik Partners. The revenue cycle-focused company plans to use the funding for an 85 percent company expansion in 2018, primarily in staffing and product development. The investment round stems directly from the need to grow quickly and meet healthcare demand for better patient payments methods and
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VirtualHealth Lands $7M to Expand Integrated Value-based Care Platform
VirtualHealth, a New York City-based startup of population health management and care management technologies, has raised $7 million in funding led by Edison Partners. The company plans to utilize the funding to further develop its product suite, grow the team and expand its market share. Founded in 2012 by Adam Sabloff, VirtualHealth’s secure, cloud-based platform seamlessly integrates population analytics with market-leading care, disease, and
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Steward Health Care System to Implement MEDITECH’s Web EHR At 8 Additional Hospitals
Steward Health Care, the largest private hospital operator in the United States, today announced it will implement MEDITECH's Web EHR at eight additional hospitals The implementation of MEDITECH's Web EHR reflects Steward's recent expansion in Massachusetts, Pennsylvania, Ohio, and Florida. A MEDITECH customer for 19 years, Steward recognized MEDITECH as a trusted EHR source for the newly acquired eight sites. While Steward values its success with MEDITECH's legacy platforms, the multi-faceted
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Mayo Clinic, sphingotec Collaborate for Evaluation & Use of Biomarkers to Improve Diagnosis
sphingotec GmbH , a biotechnology company that develops biomarkers for the detection and management of diseases, has recently signed an agreement with Mayo Clinic to collaborate on the evaluation and use of several biomarkers that may improve the diagnosis of certain disease states, including kidney disease, breast cancer, sepsis, and cardiovascular disease.As part of the agreement, Mayo Clinic will evaluate the biomarkers proenkephalin (penKid) and three others for research and potential
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Apple, Stanford Launches Heart Study App to Identify Irregular Heart Rhythms
Apple in partnership with Stanford Medicine has announced the launch of the Apple Heart Study app, a first-of-its-kind innovative research study using Apple Watch’s heart rate sensor to collect data on irregular heart rhythms and notify users who may be experiencing atrial fibrillation (AFib). The Apple Heart Study app uses this technology to identify an irregular heart rhythm.Atrial Fibrillation (AFib), is the most common heart arrhythmia, and a leading cause of stroke. AFib affects more than
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Prognos Raises $20.5M For AI-Powered Disease Prediction Platform for Payers, Providers
Prognos, a New York City-based healthcare Artificial Intelligence (AI) startup that has been steadfastly building its AI capabilities with the goal of predicting disease has raised $20.5 million in Series C funding. Particpatnts in the round include Cigna, GIS Strategic Ventures (the venture capital arm of the Guardian Life Insurance Company), Hermed, Hikma Ventures, Maywic, Merck Global Health Innovation Fund (GHI), and Safeguard Scientifics.Prognos plans to use the funding to expand Prognos’
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