New York-based in-home care startup Hometeam has raised $27.5M in Series B funding led by Oak HC/FT with existing investors Lux Capital, IA Ventures and Recruit Strategic Partners. Hometeam transforms the aging experience by providing families expert caregiver matching, custom iPads, and a care team to promote healthy & active days. The capital will be used to accelerate its medical and technology development as it continues to experience ever-increasing growth in New York, New Jersey and
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Infographic: Top 10 Healthcare Cyber Attacks in 2015
Hackers accessed over 100 million health records in 2015 and eight of the 10 largest healthcare cyber attacks ever seen happened in 2015. The following Infographic created by CynergisTek, a KLAS-rated privacy and security assistance firm for provider organizations illustrates some of these healthcare privacy & security trends and challenge in 2015.
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Quality Systems, Inc. Completes $165M HealthFusion Acquisition
Quality Systems, Inc. announced today completion of its acquisition of San Diego-based HealthFusion, a cloud-based software for physicians, hospitals and medical billing services for $165 million plus potential additional contingent consideration of up to $25 million.
“We are pleased to close the HealthFusion transaction on schedule and consistent with the terms previously mentioned,” said Rusty Frantz, president and chief executive officer at Quality Systems, Inc. in an official statement.
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Mount Sinai to Develop App For Patients With Venous Thromboembolism
The Department of Medicine at the Icahn School of Medicine at Mount Sinai has been awarded a $500k grant funded by Pfizer Independent Grants for Learning & Change (IGLC) and Bristol-Myers Squibb Independent Medical Education (IME). The grant focuses on accelerating the development and adoption of evidence-based approaches to improve the safety and effectiveness of patients with the diagnosis of venous thromboembolism (VTE) as they move from one care setting to another.
The $500k, 24
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ONC Releases 2016 Interoperability Standards Advisory
On Tuesday, the ONC released the 2016 Interoperability Standards Advisory (ISA)—a catalog of existing and emerging standards and implementation specifications developed and used to meet specific interoperability needs.
The overall purpose of the 2016 Interoperability Standards Advisory is:
1) To provide the industry with a single, public list of the standards and implementation specifications that can best be used to fulfill specific clinical health information interoperability needs.
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Mobile Spirometer Provider Cohero Health Raises $2M
Cohero Health, an NYC-based digital health company focused on developing connected health tools and technologies to improve respiratory care, has raised $2 million in seed funding. Key investors in the seed round include Zaffre Investments, the investment arm of Blue Cross Blue Shield of Massachusetts, Three Leaf Ventures an affiliate of the Broe Group, Bioadvance, Swanhill Capital and StartUp Health. The company plans to use the funding to scale production of its devices to support large
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Bayer, CRISPR Partner to Develop Gene Editing Apps for Patients
Bayer and gene editing company CRISPR Therapeutics are teaming up to develop new breakthrough therapeutics to cure blood disorders, blindness, and congenital heart disease. CRISPR Therapeutics will contribute its proprietary CRISPR-Cas9 gene-editing technology and intellectual property, while Bayer will make available its protein engineering expertise and relevant disease know-how.
It is the first long-term strategic partnership of its kind to make a substantial investment in the
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Assurex Health Nabs $15M for Precision Medicine for Behavioral Health
Assurex Health, Inc., a commercial-stage, informatics-based precision medicine company providing treatment decision support to healthcare providers for behavioral health and chronic pain conditions, has secured an additional $15 million in equity funding.
Assurex Health’s proprietary technology is based on pharmacogenomics— the study of the genetic factors that influence an individual’s response to drug treatments—as well as evidence-based medicine and clinical pharmacology. The GeneSight
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Meridian Health to Offer Virtual Physician Visits via Teladoc
Telehealth provider Teladoc, Inc., announced it has been selected by Meridian Health, a leading not-for-profit health care organization in New Jersey, for telehealth services that will be offered to the residents Meridian serves. Meridian is planning its telehealth launch for first quarter 2016, which will include 24/7 access to Teladoc's quality network of licensed physicians via phone, mobile device or secure online video.
Rated among the top performing health systems in New Jersey for
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OrbiMed Launches $950M VC Fund
OrbiMed, a leading investment firm focused on the healthcare sector, announced the closing of its next venture capital fund, OrbiMed Private Investments VI, LP, with $950 million in limited partner commitments. Investors in the fund include some of the preeminent medical research institutions globally, along with leading endowments, foundations and sovereign wealth funds.
Consistent with its predecessor funds, the new fund will invest in all stages and sectors of the healthcare industry, with
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