According to a company statement, CareFirst BlueCross BlueShield (CareFirst) plans to shell out nearly $3 million dollars for regional telemedicine programs to 10 health care organizations in Maryland, Northern Virginia and Washington, D.C. The telemedicine programs will focus on expanding healthcare to underserved communities. Last year, CareFirst issued a request for proposals from public health entities and nonprofit organizations aiming to use telemedicine programs to remove common barriers
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Actiance Unveils Compliance Platform for Healthcare, Pharma
Actiance, a provider of communications compliance, archiving, and analytics has unveiled its new Actiance Platform for healthcare and pharmaceutical industries to address changing regulations. Similar to financial services, the healthcare and pharmaceutical industries are highly regulated and highly litigious. The introduction of new regulations, constant changes to existing protocols, and the explosion of collaboration technology has necessitated healthcare and pharmaceutical companies to
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Sensifree Lands $5M for Contactless Biometric Monitoring Sensors
Sensifree, an Israeli digital health startup provider of low power, contact free, electromagnetic sensors that accurately collect a range of continuous biometric data without the need to touch the human body, today announced it has raised $5 million in Series A funding. The round was led by TransLink Capital with participation from existing and new investors, including UMC Capital, a subsidiary of United Microelectronics Corp. and an undisclosed strategic investor.The latest round adds to seed
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SSM Health Goes Live on Surescripts National Record Locator Service
Today, Surescripts announced that it has activated more than 10,000 SSM Health clinicians in Illinois, Missouri and Oklahoma on its National Record Locator Service, to locate patient records and obtain a more complete view of the health of a patient, regardless of where the patient received care.Imagine the scenario: you are visiting the Chicago area, and you fall ill and have to visit the ER at one of SSM Health’s many hospitals in the region. You’re too ill to properly remember your complete
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Clinical Grade Wearables Will Accelerate Growth Opportunities for Internet of Medical Things
The global healthcare wearable devices market earned $5.1 billion and is expected to reach $18.9 billion in 2020, at a compound annual growth rate (CAGR) of 29.9%, according to new analysis from Frost & Sullivan. Additionally, consumer health wearables are expected to grow at a CAGR of 27.8%, and medical and clinical-grade wearables are expected to grow at a CAGR of 32.9%.The report finds wearables dedicated to chronic disease monitoring and other clinical applications are expected to
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Clover Health Lands $160M for Data-Driven Health Insurance Service
Clover Health, a data-driven focused insurance service provider has raised $160 million in new funding led by Greenoaks Capital with existing investors Arena Ventures, First Round Capital, Sequoia Capital, Social Capital and Wildcat Ventures. The latest round also included new investors AME Cloud Ventures, Casdin Capital, Floodgate, Nexus Ventures, Refactor Capital, and Spark Capital. This brings Clover Health’s total funding to $285M. Founded in 2012 and based in San Francisco, Clover Health’s
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SAP Purchases $18M Worth of Stock into Castlight Health
SAP has purchased purchased 4.76 million shares of newly issued Class B common stock in Castlight Health, a leading health benefits platform provider. The purchase results in SAP holding 4.7% post-issuance of the currently-outstanding common shares of Castlight, at a price per share of $3.77, for approximately $18 million in cash. SAP also received a warrant in connection with its stock purchase, under which SAP has the right to purchase an additional 1.9 million shares of Castlight Health Class
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Accenture Intelligent Patient Platform Integrates with Salesforce Health Cloud
Accenture has teamed up with Salesforce to integrate its Accenture Intelligent Patient Platform with Salesforce Health Cloud, giving life science and healthcare providers the ability to deliver a personalized patient experience. The Salesforce Health Cloud integration gives life sciences companies and healthcare providers the ability to support more informed patient decisions, help increase patient engagement across their caregiver networks, and more efficiently manage patient data.The Accenture
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EHR Hosting Vendor ITelagen Acquires Acquires Competitor Planet Logic
ITelagen, an IT Support and Hosting service for healthcare providers and practices, announced today that they will be acquiring Planet Logic, a Newton, New Jersey based healthcare cloud hosting company. Financial terms of the acquisition were not disclosed and it is expected to close on May 31, 2016. The acquisition complements ITelagen 's IT and EHR Support and Hosting Services with Planet Logic's custom healthcare solutions. The union of these organizations will allow for an acceleration of
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Philips Lands 8 Year, $36M Deal with MUSC Health to Transform Patient Monitoring
Today, Philips announced an eight-year, $36 million dollar deal with the Medical University of South Carolina (MUSC) Health to transform and improve its patient monitoring system. Through an enterprise managed services model, Philips will install, integrate, and manage patient monitoring systems (including consumables) and software, as well as providing maintenance, training, and consulting services within a structured monthly payment model. The deal makes MUSC the fifth long-term, strategic
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