Health IT VC funding reached a total record of $4B in the first half of 2017, representing a 36 percent higher year-over-year, according to a new report from Mercom Capital Group. The latest report finds that there were a total of 90 Healthcare IT M&A transactions, compared to 110 in 1H 2016. M&A activity in the second quarter of 2017 was down with 41 M&A transactions (five disclosed) compared to the 49 M&A transactions (seven disclosed) in Q1 2017.Mercom’s comprehensive report
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Digital Health | News, Analysis, Insights - HIT Consultant
Teladoc Completes Acquisition of Best Doctors
Telehealth platform Teladoc has announced the completion of its acquisition of Best Doctors, the world’s leading expert medical consultation company focused on improving health outcomes for the most complex, critical and costly medical issues. With its newly acquired global footprint, network of more than 50,000 medical experts, and unmatched reputation for delivering quality outcomes, Teladoc is prepared to deliver on its vision to provide a central, trusted source for patients to get
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Bright.md Lands $8M for Virtual Physician Assistant, Partners with Adventist Health System
Bright.md, a Portland, Oregon-based developer of a virtual care solution to improve efficiencies and reduce costs in the delivery of care for non-acute conditions has raised $8 million in Series B funding round led by B Capital Group with participation from existing investor Seven Peaks Ventures. The funding will support continued market development for SmartExam, Bright.md’s cloud-based artificial intelligence (AI) software, including new implementations of healthcare delivery systems,
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Sempre Health Launches Behavior-based Healthcare Pricing Platform for Patients
Sempre Health, a San Francisco, CA-based startup has officially launched a new behavior-based healthcare pricing platform that empowers consumers to lower their own medication costs over time. Founded in 2015, Sempre works with health plans and pharma manufacturers to dynamically adjust any patient’s co-payment based on individual adherence and behavior, seamlessly at the point of fill.Matching the right patient to the right price for the right therapy is a data problem, and in the 21st century,
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Digitization beyond the Doc
Healthcare IT has a long way to go before it delivers truly transformative benefits to providers and patients across the healthcare continuum. However, the incremental steps that already have been taken should not be discounted. While a complete digital transformation in healthcare is going to take some time, creativity, and even a few missteps before we get it right, current health IT capabilities are adding value to care delivery.Take EHRs, for example. For all of their well-publicized
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Datica Unveils Digital Health Success Framework for Developers
Datica, a Madison, WI-based cloud platform for digital health apps has unveiled the industry-first Digital Health Success Framework (DHSF). The framework serves as a roadmap that lays out the steps and timelines for digital health vendors who want to take their napkin scribble designs to market without making missteps along the way.Digital health funding reached a record-breaking total of $3.5B across a total of 188 digital health deals in the first half of 2017, according to a new report
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iBeat Extends Seed Round to $4.5M for Wearable Heart Monitoring Smartwatch
iBeat, makers of the heart monitoring smartwatch wearable that perpetually monitors and detects cardiac arrest, heart attack, and atrial fibrillation has closed an additional $3.5M of funding, bringing its total seed stage funding total to $4.5 million. New investors include WTI, SV Tech Ventures, Lee Equity, and renowned entrepreneurs and angel investors Michael Rubin, Mark Burg, and Harald Ludwig. iBeat plans to use the additional funds to begin clinical testing, refine its sales and marketing
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Mendel.ai Raises $2M to Launch AI-Powered Medical Matching Service
Mendel.ai, a San Francisco-based startup has raised $2 million in seed funding co-led by DCM Ventures and Bootstrap Lab to launch a new artificial intelligence engine for doctors. The company has developed a new artificial intelligence engine that enables doctors and patients to more quickly find the best diagnostic and treatment methods available for their patients’ medical conditions.Founded by Dr. Karim Galil, Mendel.ai has developed a sophisticated algorithm that understands the
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Novo Nordisk & Glooko Launch Integrated Diabetes Management App
Novo Nordisk and Glooko has announced the launch of their new integrated diabetes management app, Cornerstones4Care (C4C app) for patients. The C4C mobile app integrates Novo Nordisk's extensive knowledge of diabetes and personalized patient support with Glooko's digital platform and data analytics expertise. Cornerstones4Care Powered by Glooko AppThe integrated app concept will initially enable people with diabetes to easily measure and track their blood glucose, activity and meals all in one
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Wellframe Lands $15M to Expand Mobile-Enabled Care Management Platform
Wellframe, a Boston, MA-based mobile-enabled care management solution provider has raised $15 million in Series B funding led by F-Prime Capital, with participation from existing investors including DFJ. The company plans to utilize the funding to develop their care management platform and expand its business reach. The latest round brings total funds raised by the company to $25 million.Founded in 2011, Wellframe enables leading health plans and at-risk providers to better leverage their care
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