Endotronix, Inc., a digital health medtech company providing innovative solutions for patients with advanced heart failure, today announced that it has entered into a $12 million term loan agreement with Silicon Valley Bank (SVB). The financing comes after a successful $32 million Series C round last July that included BioVentures Investors, SV Life Sciences (SVLS), Lumira Capital, Aperture Venture Partners, OSF Ventures, existing investors, and a corporate strategic investor. The startup plans
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Digital Health | News, Analysis, Insights - HIT Consultant
Rock Health: Digital Health Funding Tops $4.3B in 2016, Down 8% from 2015
Digital health funding reached $4.2B in 2016, down 8% from 2015, representing a compound annual growth (CAGR) from 2011-2016 of 30%, according to the 2016 Year End Funding Report report from digital health venture firm Rock Health. 2016 The annual report reveals 2016 was a strong year for digital health, but it also served as a reality check for founders and investors due to the election and uncertainty around the future of the ACA.In comparison to StartUp Health's digital health funding
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Welltok Expands Partnership with Watson Health for Consumer Engagement
Health optimization platform Welltok has expanded its partnership with IBM Watson Health to leverage new new Watson Health capabilities to deliver comprehensive solutions for engaging populations in health and well-being. As part of the expanded partnership, Welltok's CaféWell Health Optimization Platform® will provide health managers with the ability to extend beyond care management and drive additional value by creating a holistic, seamless consumer experience.Adding IBM Watson Health's broad
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Pursuant Health (Solo Health) Nabs $12.8M to Expand Population Health Platform
Health kiosk company Pursuant Health formerly known as Solo Health has raised $12.8 million in Series A funding to expand its population health platform through new channels. These channel expansions include texting, mobile, digital and incentive management capabilities, providing broader program administration, engagement and collection of health data.Founded in 2010, the Atlanta-based company conducts population level health screenings that follow United States Preventive Services Task Force
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PeerWell Partners with NFL Athletes to Launch Post-Op Rehab Platform
PeerWell, whose mobile PreHab technology helps patients prepare for surgery, has announced the launch of an extension of its platform to assist patients through post-operative recovery. PeerWell’s platform now starts with PreHab to prepare patients for surgery and continues with ReHab to enable patients to recover from surgery. PeerWell’s PreHab to ReHab solution will first roll out for patients undergoing joint replacement surgery for the hip or knee.PeerWell collaborated with retired NFL star
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Castlight Health Acquires Enterprise Health Benefits Platform Jiff
Health benefits platform provider Castlight Health has acquired employee digital health platform Jiff to form a single company offer the most comprehensive health benefits platform in the industry. The combined company will expand product offering and distribution channels that will accelerate growth on a larger revenue base serving more than 240 customers, including over 70 of the Fortune 500. This marks the first digital health acquisition of 2017.Based in Mountain View, CA, Jiff serves as a
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Northwell Health Taps Avizia to Develop Robust, Direct-to-Consumer Telehealth Platform
Northwell Health has a new partnership with Avizia, an end-to-end telehealth provider to develop a robust, direct-to-consumer telehealth platform to enable seamless care in its 21 hospitals and more than 550 outpatient practices throughout New York. In addition to becoming a strategic channel partner, Northwell Ventures, the health system’s corporate venture arm has made a direct-equity investment in Avizia The investment and partnership also marks the close of Avizia’s funding round, bringing
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SnapMD Joins athenahealth’s ‘More Disruption Please’ Program
Telemedicine technology innovator SnapMD has joined athenahealth’s ‘More Disruption Please’ (MDP) program to offer its private-label, cloud-based telemedicine platform available on the athenahealth® Marketplace. A comprehensive telemedicine offering, SnapMD will now be integrated with athenaClinicals® (EHR) and athenaCollector® (revenue cycle management) services. The end-to-end VCM platform enables a network of more than 85,000 healthcare providers to offer telehealth services to their
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WellDoc, American Association of Diabetes Educators Partner on Digital Diabetes Content
WellDoc and the American Association of Diabetes Educators (AADE) has partnered to integrate its “AADE Diabetes Education Curriculum: A Guide to Successful Self-Management” into WellDoc's BlueStar digital therapeutic platform. BlueStar is an FDA-cleared digital therapeutic used to help adults living with type 2 diabetes self-manage their condition. Additionally, both parties will explore how to collectively engage AADE’s members, as well as develop new strategies that bring innovative tools to
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Vocera Communication Lands $14M Contract with U.S. Department of Defense
Vocera Communications, Inc., a provider of clinical communications system in healthcare has been awarded a $14 million from the U.S. Department of Defense (DoD), and deployments will begin in January 2017 in U.S. Army Medical Command (MEDCOM) facilities around the world. As part of the contract, Vocera will equip care team members with its unique wireless, hands-free communication solution in 23 facilities across MEDCOM. This agreement with the DoD marks the largest contract in Vocera’s
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