bioAffinity Technologies, a San Antonio, TX-based company advancing early-stage cancer diagnostics and precision therapeutics has raised more than $4 million in Series A funding. The Series A fund reflects its progress toward commercialization in 2018 of the Company’s initial diagnostic product, a non-invasive, early-stage lung cancer test called CyPath® Lung to detect lung cancer in its earliest stages when it is most treatable.The porphyrin-based CyPath® preferentially binds to cancer cells
Read More
Quest Diagnostics Completes Acquisition of Med Fusion
Quest Diagnostics has announced the completed its acquisition of the laboratory businesses Med Fusion and Clear Point. Operating from a nearly 200,000 square foot facility in Lewisville, Texas, the two businesses form the basis for the company’s first national center of excellence in precision diagnostics for oncology. For patients with cancer, precision diagnostics, such as genomic sequencing of a tumor's DNA, may help a physician select a therapy or clinical trial and monitor response.In
Read More
Availity Raises $200M to Fund Future M&A, Strategic Opportunities
Availity, provider of health information networks has closed a five year $200 million senior secured revolving credit facility, which allows for an additional $100 million of capacity when exercised. The debt financing will be used to fund future M&A and other strategic opportunities. “Over the past 18 months we have evaluated or observed a significant number of strategic opportunities and we do not expect this trend to abate in the foreseeable future. We now have increased flexibility to
Read More
Teladoc Completes Acquisition of Best Doctors
Telehealth platform Teladoc has announced the completion of its acquisition of Best Doctors, the world’s leading expert medical consultation company focused on improving health outcomes for the most complex, critical and costly medical issues. With its newly acquired global footprint, network of more than 50,000 medical experts, and unmatched reputation for delivering quality outcomes, Teladoc is prepared to deliver on its vision to provide a central, trusted source for patients to get
Read More
Mackenzie Health Goes Live on Epic End-to-End EMR in Canada
Mackenzie Health, a Canadian-based regional healthcare provider has announced the go-live of Epic across its enterprise, becoming the first full-suite Epic EMR to be implemented in a Canadian hospital.The new EMR implementation was a two-year process that involved significant software build, consultation with Mackenzie Health staff and physicians, testing and education. Two weeks prior to the launch, over 100 Mackenzie Health staff transitioned over 15,000 scheduled appointments, including for
Read More
Datica Unveils Digital Health Success Framework for Developers
Datica, a Madison, WI-based cloud platform for digital health apps has unveiled the industry-first Digital Health Success Framework (DHSF). The framework serves as a roadmap that lays out the steps and timelines for digital health vendors who want to take their napkin scribble designs to market without making missteps along the way.Digital health funding reached a record-breaking total of $3.5B across a total of 188 digital health deals in the first half of 2017, according to a new report
Read More
iBeat Extends Seed Round to $4.5M for Wearable Heart Monitoring Smartwatch
iBeat, makers of the heart monitoring smartwatch wearable that perpetually monitors and detects cardiac arrest, heart attack, and atrial fibrillation has closed an additional $3.5M of funding, bringing its total seed stage funding total to $4.5 million. New investors include WTI, SV Tech Ventures, Lee Equity, and renowned entrepreneurs and angel investors Michael Rubin, Mark Burg, and Harald Ludwig. iBeat plans to use the additional funds to begin clinical testing, refine its sales and marketing
Read More
NeHII Taps DrFirst to Aggregate Statewide Prescription Records
NebraskaHealth Information Initiative (NeHII) and the Nebraska Department of Health and Human Services has selected DrFirst to capture state prescription information and deliver it to Nebraska’s enhanced Prescription Drug Monitoring Program (PDMP) which began January 1, 2017. Unlike some state PDMPs, the focus in Nebraska is primarily around patient safety and outcomes. The inclusion of complete prescription data in the PDMP database enhances patient safety and helps combat the abuse of opioids
Read More
Survey: Lack of Budget & Time Key Obstacles to Healthcare Data Breach Prevention
According to a recent Netwrix 2017 IT Risks Report, 75% of healthcare organizations indicated lack of budget and time as the main obstacles to taking a more efficient approach towards management of healthcare data breach prevention. Additionally, 44% stated appropriate participation of senior management as another key obstacle.The 2017 IT Risks Report produced by Netwrix Corporation, provider of a visibility platform for data security and risk mitigation in hybrid environments asked IT pros from
Read More
Solera Health Raises $18.3M to Expand Integrated Chronic Disease Prevention Services
Solera Health, a technology-enabled personalized preventive health network has raised $18.3 million in Series B funding led by Adams Street Partners. Existing strategic investors Blue Cross Blue Shield Venture Partners, Sandbox Industries and social impact fund SJF Ventures also participated in the round. The latest round brings the company’s total capital raised to $30.3 million.Solera plans to use the funding to meet market demand for the Medicare DPP benefit in addition to expanding its
Read More
