Lumiata raises $11M from Khosla Ventures, BlueCross BlueShield Venture Partners, and Intel Capital to fuel transformation of healthcare across insurers, providers and employers through predictive analytics. Lumiata, a San Mateo, CA-based provider of AI-powered health analytics for managing cost and risk, today announced it has raised $11 million in funding co-led by Khosla Ventures and BlueCross BlueShield Venture Partners. The investment was secured under the leadership of Dilawar Syed, who was
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Digital Health | News, Analysis, Insights - HIT Consultant
Report: 10 Disruptive Digital Business Models for Health Insurers
Digital technologies will transform the health insurance business and early adopters have started to implement new digital business models with initial success, according to a new Research2Guidance report. The report reveals new digital models are changing the way the insurers interact with patients.For example, digital insurers have reworked the trust equation with the patient, outsourced much of their value chain to their members, and now know much more about them. Digital business models tend
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Rimidi Raises $6.575M for Cloud-based Enterprise Solution for Diabetes Management
Rimidi, Inc.(formerly known as Rimidi Diabetes), an Atlanta-based digital health startup that provides software and clinical analytics for chronic disease management, announced it has raised $6.575 million in Series A-1 financing, which includes a strategic investment by Eli Lilly and Company, an investment from Turner Investments, and participation from existing investors Cox Enterprises, Village Capital, The Jump Fund, and JAMB Global. The company plans to use the funding round to fuel growth
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Medical Office AI Assistant Nimblr Integrates with Amazon Alexa
Nimblr, which offers the first AI assistant for medical appointments, announced today its platform integration with Amazon Alexa, enabling patients to book and reschedule appointments using voice commands, eliminating the need to pick up the phone. Other voice command platforms will follow in the near future. Nimblr’s Holly AI assistant is meant to automate medical practices’ appointment cycle, to help reduce no-shows, a huge problem that costs the industry up to $150B a year. It also
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Medtronic and UnitedHealthcare’s Value-based Relationship Results in Lower Costs, Fewer Hospital Readmissions
Today, Medtronic and UnitedHealthcare announced positive first-year results from their value-based relationship focused on improving health outcomes for people with diabetes. Results demonstrated cost-savings and reduced hospital admissions for UnitedHealthcare members with type 1 diabetes on Medtronic insulin pumps, when compared to other members on multiple daily injections (MDI) of insulin. Starting in 2016, more than 6,000 UnitedHealthcare members were given access to the Medtronic MiniMed
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Cedars-Sinai Accelerator Reveals 4th Class of 9 Digital Health Startups
Cedars-Sinai, today announced 9 new digital health startups selected to participate in its fourth class. From artificial intelligence to new devices and disruptive services, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges, particularly the experience of patients. The program is based in
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Carepoynt Lands $2M for Health-Focused Rewards Platform
Carepoynt — a Newport Beach, CA-based health- and wellness-focused rewards company has raised $2 million in seed funding. The funding will be used to help Carepoynt continue to accelerate its innovative and disruptive shift of the status quo by offering its unique Rewardsware for Healthcare engagement program, platform and network to the massive Health & Wellness marketplace that is seeking more engaging experiences and rewarding results from a healthcare ecosystem that has become more
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How Blockchain Technology Could Help Prevent Medical Fraud
Most people know blockchain as the transaction ledger associated with cryptocurrency transactions. However, evidence suggests a specific use for it that applies to health professionals — reducing medical fraud. Blockchain’s Innate Characteristics May Cut Down on FraudIndividuals think blockchain shows promise for minimizing fraud in medicine because of some of the features it offers. For example, many fraudulent practices in the health industry and elsewhere begin when people manipulate or
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The Telehealth Movement – Access, Value, Convenience
Healthcare, like all other industries, is experiencing a phase of rapid transformation due to the increased use of technology.“We’re entering a second wave of health innovation, where new business models, exciting technologies, and exciting leaders will emerge,” said Unity Stoakes, Co-Founder & President, StartUp Health in the company’s 2017 Year End Report. Telehealth, or the provision of healthcare via telecommunication networks, is not new – but it’s now becoming a hot suite of
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Rock Health H1 2018: Digital Health Funding Breaks $3.4B Across 193 Deals
Digital health funding reached a new record of $3.4 billion across 193 deals in the first half of 2018, according to Rock Health, a full-service venture fund dedicated to digital health.The 2018 Midyear Funding Review reveals a maturing market with an increasing number of digital health companies are hitting key validation milestones, creating a stable funding environment based on proven outcomes;investors are taking notice and rewarding companies with larger deals. The average deal size
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