Notable, a San Francisco, CA-based company redefining cancer treatment with a clinically validated platform that rapidly advances cancer drug development has raised $40M in Series B funding. The Series B round is co-led by B Capital Group and LifeForce Capital. LifeForce is a returning investor, joined by new investors B Capital and Industry Ventures. This latest round brings Notable’s total funding to over $55M.Notable was founded in 2017 by Matt De Silva after helping his own father Marc, who
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Digital Health | News, Analysis, Insights - HIT Consultant
Global Digital Health VC Funding Breaks $5.1B in First Half of 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reach $5.1 billion in the first half of 2019, according to market research firm Mercom Capital. The 1H and Q2 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals $5.1B in funding across 318 deals compared to $4.9B across 383 deals in 1H 2018. Q2 2019 VC funding held strong at $3.1 billion in 169 deals following the $2 billion raised in 149 deals in Q1 2019.
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Capital Rx Lands $12M To Redefine The $550B Pharmacy Benefit Industry
Capital Rx, a New York-based pharmacy benefits manager overseeing prescription benefit plans for employers, unions, and government entities, today announced it has raised $12M in growth funding led by Edison Partners.Transforming An Outdated Model“Historically, the PBM industry chose consolidation over innovation, which is why the model hasn’t evolved in twenty years,” said AJ Loiacono, founder, and CEO of Capital Rx. “The sad truth is employers procure office supplies more effectively than
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Why Coworking Spaces Are Essential for Medical Practices
Collaborative work environments remain one of the biggest trends in office space. These coworking spaces have proven to improve the happiness, productiveness, and well-being of employees. However, the use of coworking spaces remains greatly underdeveloped in a medical industry that has seen private practice rates plummet in recent years.
For many physicians, having a private practice is the optimal professional scenario. And yet, private practices are in steep decline. In 2016, less than half of
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Stryker, RCSI Partner to Develop Digital Health Solutions for Emergency & Specialist Care
Stryker announced today the opening of its Digital Platform Services Centre of Excellence in Dublin, Ireland, and a strategic collaboration with RCSI (Royal College of Surgeons in Ireland) to develop digital health solutions for use in emergency and specialist care settings to provide more seamless care coordination for patients suffering from time critical medical emergencies.As part of the collaboration, Stryker will locate its Digital Platform Services Innovation and Ideation Hub in RCSI’s
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Only 15% of US Consumers Used A Telecare Service in Past 12 Months
As consumers integrate connected devices and services ever more deeply into their lifestyles, they bring the same expectation and desire to their health and wellbeing. New research from Parks Associates reveals 15% of US broadband households have used a telecare service in the past 12 months. The new report quantifies the adoption and use of consumer wearables and other connected fitness devices and evaluates consumer usage patterns and desire for new features.It also examines the growing
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Sharecare Names Quest Diagnostic As Lab Partner For Its Digital Health Platform
Sharecare has named Quest Diagnostics its preferred laboratory partner for its comprehensive digital health platform. Sharecare and Quest Diagnostics also intend to jointly explore the development of disease management programs and other services to empower better health. In addition, Quest has made a strategic investment in Sharecare for an undisclosed sum with Goldman Sachs serving as Sharecare's financial advisor. Financial terms of the strategic investment were not disclosed.Sharecare
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Siemens Healthineers, UM System, MU Health Care Forms $133M Alliance for Precision Health
University Hospital with the Staff for Life Helicopter at dusk.[/caption]Siemens Healthineers and the University of Missouri System (UM System), including all four universities, and University of Missouri Health Care (MU Health Care), has established the Alliance for Precision Health that will leverage their joint expertise to transform healthcare delivery, promote education in the fields of technology and engineering, and develop groundbreaking research initiatives.As part of the alliance,
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FCC Approves $100M 3-Year Rural Telehealth Pilot: 4 Things to Know
The FCC voted on Wednesday to approve a $100 million connected care pilot program that aims to provide telehealth services to low-income patients in rural America. The telehealth program will facilitate the effective treatment of chronic conditions outside of the doctor’s office, at significant savings for patients and health care providers.Here are four things to know about the $100M rural telehealth pilot program:1. The proposed Connected Care Pilot would provide an 85% discount on
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Healium Partners with XRHealth to Power VR With Emotions
XRHealth, formerly known as VRHealth, a provider of extended reality and therapeutic applications announced it is opening their platform to third-party developers to create robust VR healthcare experiences. A noteworthy partnership created through the open platform is Healium that enables patients to “see” and power VR technology through their emotions.Healium: Powering VR With EmotionsApproximately 75% to 90% of all doctor visits are due to stress-related issues. Healium developed a
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