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Digital Health | News, Analysis, Insights - HIT Consultant

OM1 Launches AI-Powered Digital Phenotypes Platform, Creating “Fingerprints” for Patients

by Fred Pennic 04/13/2023 Leave a Comment

OM1 Launches AI-Powered Digital Phenotypes Platform, Creating “Fingerprints” for Patients

What You Should Know: OM1, a real-world data, outcomes and technology company with a focus on chronic conditions, launches PhenOM™, its artificial intelligence-powered platform for personalized medicine. Calibrated using OM1’s longitudinal health history datasets, PhenOM uses AI to identify unique digital phenotypes associated with conditions and outcomes and compare patients’ records to them to highlight risks and opportunities. PhenOM powers personalized healthcare insights at scale
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Arcadia Raises $125M to Expand Healthcare Data Analytics Platform

by Digital Health Funding 04/13/2023 Leave a Comment

Arcadia Raises $125M to Expand Healthcare Data Analytics Platform

What You Should Know: Arcadia, a healthcare data analytics company raises $125M from Vista Credit Partners and a strategic investor and financing partner focused on the enterprise software, data and technology market.Arcadia helps providers and health plans deliver actionable insights to advance care and research, drive strategic growth, and ensure financial success.The investment will accelerate Arcadia’s platform innovation and go-to-market strategy to meet the growing demand from
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Accenture Invests in Digital Twin Solution Virtonomy

by Jasmine Pennic 04/12/2023 Leave a Comment

What You Should Know: - Today, Accenture Ventures announced it has made a strategic investment in Virtonomy, a provider of data-driven simulations that use existing patient data and digital twin technology to bring life-saving medical devices to market more quickly. - Virtonomy’s digital twin simulation solution enables medical device manufacturers to build model patient virtual environments for device testing at a reduced cost and with less regulatory complexity. The solution is based on an ever-expanding database of real clinical data that reflects factors such as anatomical variability, demographic diversity, and pathological conditions. Virtonomy plans to use the strategic investment to extend its capabilities to medical technology companies across the globe and power the future of medical device design. The strategic investment is part of Accenture Venture’s Project Spotlight, an engagement and investment program that targets emerging technology software companies that can help fill strategic innovation gaps for the Global 2000.

What You Should Know: - Today, Accenture Ventures announced it has made a strategic investment in Virtonomy, a provider of data-driven simulations that use existing patient data and digital twin technology to bring life-saving medical devices to market more quickly.  - Virtonomy’s digital twin simulation solution enables medical device manufacturers to build model patient virtual environments for device testing at a reduced cost and with less regulatory complexity.
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1upHealth Raises $40M for FHR Data Platform

by Fred Pennic 04/12/2023 Leave a Comment

1upHealth Raises $40M for FHR Data Platform

What You Should Know: 1upHealth, a modern data platform that’s cloud-based, API-enabled, and FHIR-native today announced the close of a $40M Series C investment led by Sixth Street Growth with participation from existing investors F-Prime Capital, Jackson Square Ventures, and Eniac Ventures. Founded in 2017, 1upHealth’s FHIR®-native platform designed for interoperability and modern computing is used by over 75 enterprise organizations including leading national and
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M&A: Vytalize Health Acquires IPA New York

by Health M&A 04/12/2023 Leave a Comment

Vytalize Health Closes $100M to Support Value-Based Care Transformation

What You Should Know: Today, Vytalize Health announced it has acquired Independent Physician Association (“IPA”) of New York, one of the nation's largest IPAs with more than 3,000 providers. Financial details of the acquisition were not disclosed.The deal scales Vytalize's successful value-based care model to new payer arrangements and specialty care across the healthcare spectrum.Based in Suffolk County, IPA NY is one of the largest multi-specialty
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Ocutrx Acquires Spectrum AMT to Advance Capabilities for Medical Devices

by Health M&A 04/12/2023 Leave a Comment

Ocutrx Acquires Spectrum AMT to Advance Capabilities for Medical Devices

What You Should Know: Ocutrx Technologies, a global technology company developing medical devices with augmented reality (AR), extended reality (XR) and artificial intelligence (AI), acquires Spectrum Advanced Manufacturing Technologies, Inc., a Colorado-based electronics manufacturing and assembly company.With this acquisition, the consolidated Oxutrx_Spectrum company now has seven (7) process lines, including ISO Optics Lab capabilities,
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Oshi Health Raises $30M for Virtual Multidisciplinary Digestive Care

by Digital Health Funding 04/11/2023 Leave a Comment

Oshi Health Raises $30M for Virtual Multidisciplinary Digestive Care

What You Should Know: - Oshi Health, the virtual specialty care company transforming gastrointestinal (GI) health outcomes and economics raises $30M in Series B funding led by Koch Disruptive Technologies (KDT) and joined by existing investors Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures and Takeda Digital Ventures. - Oshi Health is currently available to over 20 million people as a preferred in-network virtual gastroenterology clinic for
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MedArrive Secures $8M to Expand At-Home Care

by Digital Health Funding 04/11/2023 Leave a Comment

Bright Health, MedArrive Partner to Deliver Preventative In-Home Care

What You Should Know: - MedArrive, a Mobile-integrated care management platform company today announced $8M in new funding led by Cobalt Ventures, a wholly owned subsidiary of Blue Cross and Blue Shield of Kansas City (Blue KC). The investment follows MedArrive’s $25 million series A round in November 2021 and brings the company’s total funding to $40.5M to date - MedArrive plans to use the new investment to expand its payer relationships, build out its team and
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Exec Hires: COTA Appoints First Chief Commercial Officer

by Digital Health Executive Hires 04/11/2023 Leave a Comment

Exec Hires: COTA Appoints First Chief Commercial Officer

What You Should Know: - COTA, Inc., an oncology real-world data and analytics company, today announced the appointment of Sandy Leonard as its first Chief Commercial Officer. - As CCO, Sandy will drive COTA’s life sciences growth strategy, prioritizing customer success and experience. More specifically, she will lead a team that is laser-focused on ensuring that pharmaceutical partners have the data assets, analytics, services, and support they need to develop life-saving
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Audio-Only Telehealth Remains Common at Safety Net Clinics, Study Finds

by Fred Pennic 04/11/2023 Leave a Comment

Audio-Only Telehealth Remains Common at Safety Net Clinics, Study Finds

What You Should Know: Audio-only telehealth visits for both primary care and mental health services remained common at safety net clinics in California since the start of the COVID-19 pandemic, according to a new RAND Corporation study. The RAND study published in the Journal of the American Medical Association found that in August 2022 audio-only visits still accounted for 1 in 5 primary care visits and 2 in 5 behavioral health visits among people who received care at Federally
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