WeCounsel, a HIPAA compliant turnkey telehealth platform that connects mental health providers to clients online has raised $3.5M in Series A funding led by Longmeadow Capital Partners, Point Judith Capital, and CVH Holdings. The company's solution serves as a turnkey virtual office for healthcare providers and businesses, complete with a custom video conferencing experience. We are fortunate to have seen so much success in the marketplace and to have translated that into a major investment from
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Senators Release Request Feedback on Draft Legislation to Improve Meaningful Use
U.S. Sens. John Thune (R-S.D.), Lamar Alexander (R-Tenn.), Mike Enzi (R-Wyo.), Pat Roberts (R-Kans.), Richard Burr (R-N.C.), and Bill Cassidy (R-La.) today wrote to U.S. Department of Health and Human Services Secretary Sylvia Burwell and Centers for Medicare and Medicaid Services (CMS) Acting Administrator Andy Slavitt to request feedback on legislation they drafted that would address the ongoing issues with implementation of the meaningful use program for health information technology (health
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DirectTrust CEO Responds to Flexibility in EHR Reporting Act
On April 20, U.S. Rep. Renee Ellmers (R-NC) and U.S. Sen. Rob Portman (R-OH) introduced the Flexibility in EHR Reporting Act (H.R. 5001) to bring flexibility to electronic reporting requirements for healthcare providers. Specifically, H.R. 5001 would make it easier for health care providers to comply with Department of Health and Human Services (HHS) IT reporting requirements. As reported by Ripon Advance News Service, “Under the bill, healthcare providers would be allowed to report IT upgrades
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CloudMedx Acquires Gyrus Labs To Accelerate Clinical Data Insights
CloudMedx Inc, a big data health analytics company, announced today that it has acquired Gyrus Labs to extend the power of the CloudMedx Analytics Platform for improving patient care through data insights. Under the terms of the agreement, CloudMedx will acquire Gyrus Labs team, intellectual property and data rights. The company has already integrated its technology into the CloudMedx platform.With the acquisition of Gyrus Labs’ technology, CloudMedx will accelerate its deep clinical insights of
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Verisk Analytics Unloads Healthcare Services Business for $820M
Verisk Analytics , a data analytics provider serving customers in insurance, energy, healthcare, financial services, government, and risk management and private equity firm Veritas Capital has signed an definitive agreement to acquire Verisk`s healthcare services business for $820M. The company hired Morgan Stanley to sell Verisk Health, its healthcare division back in October 2015, hoping to fetch between $900M to $1.08B from the acquisition. Financial terms of the $820M acquisition consists
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Nokia to Acquire Withings for $191M, Enters Digital Health Market
Nokia has announced plans to acquire Withings, the Frenchh-based connected health company with a family of digital health products including fitness bands, sleep-trackers, thermometers, watches and scales for for €170 million ($191 million) in cash. The acquisition is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions. The acquisition marks Nokia's official entry into the digital health market to help boost its ongoing renewal of Nokia
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LifeMap Solutions Launches Mobile Health App Design & Development Services
LifeMap Solutions, the digital health subsidiary of BioTime, Inc. and co-developer of ResearchKit-enabled app Asthma Health, has announced a new service to develop custom smartphone apps and research studies for partners worldwide. Through its new service, LifeMap offers clients its deep expertise in medical science, consumer behavior, app analytics, and design. LifeMap then adds the client’s own unique expertise to the mix and guides the development, from concept to completion, of a new
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AMA, IDEA Labs To Support Medical Technology Development for Young Entrepreneurs
The American Medical Association (AMA) has teamed up with IDEA Labs, a student-run biotechnology incubator to support medical technology development from the next generation of young entrepreneurs studying at Washington University in St. Louis, Harvard University, Massachusetts Institute of Technology, University of Pennsylvania and University of Minnesota. Working together with IDEA Labs furthers the AMA mission by providing physicians nationwide with additional opportunities to shape the
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McKesson, Blue Cross Blue Shield of Arizona Launch Value-based Care Collaborative
McKesson Business Performance Services and Blue Cross Blue Shield of Arizona (BCBSAZ) have launched a new company, ACO Partner, a Maximum Services Organization, an innovative collaborative that will leverage McKesson’s physician engagement, care management, and population health services and technology. ACO Partner plans to contract with payers and provider groups nationwide to increase the overall quality of care through strong partnerships in pursuit of the triple aim of lowering costs,
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5 Healthcare Systems Pump $17M into Google Glass Startup Augmedix
Augmedix, Inc., a Google Glass-focused digital health startup announced it has raised $17M in strategic funding from leading healthcare systems including Sutter Health, Dignity Health, Catholic Health Initiatives (CHI), TriHealth Inc, and one more. The strategic round was led by Redmile Group with participation from founding institutional investors Emergence Capital and DCM Ventures. Augmedix has raised $40 million in total funding to date. The strategic investment from the five healthcare
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