India-based home healthcare startup Portea Medical has received $37.5 million in Series B funding led by Accel. International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures and Ventureast also participated in this round. Portea works with leading hospitals, experienced doctors, nurses, diagnostic centers and others to provide in-home healthcare for patients in India & Malaysia.
The company will utilize the capital to scale the company’s expansion in India
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Digital Health | News, Analysis, Insights - HIT Consultant
Solutionreach, Uber Integrate to Improve Patient Accessibility
Solutionreach, a Utah-based provider of patient relationship management solutions, announced that they have integrated with Uber, the on demand service that connects riders to local drivers through a mobile app. The integration will be used to improve healthcare by making it easier and more convenient for patients to connect to their providers.
The combination of the Solutionreach intelligence, which identifies when a patient needs to be seen by their doctor, and Uber's ability to precisely
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6 Startups Selected as Finalists in Mayo Clinic’s THINK BIG Challenge
Six digital health startups have been selected as finalists in the first Mayo Clinic THINK BIG Challenge and will compete on Oct. 1 at Transform 2015 for two $50,000 awards.
Sponsored by Mayo Clinic Center for Innovation (CFI), Mayo Ventures and AVIA Health Innovation, the Mayo Clinic THINK BIG Challenge celebrates innovative ideas in two areas:
- Got Health – promoting health maintenance and prevention
- I Am Not My Disease – helping people with chronic illnesses live better,
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Report: 5 Ways to Create A Culture of Innovation in Healthcare
Is healthcare innovation broken? According to a recent global survey of seniors executives conducted by PA Consulting Group, much of the healthcare industry's problem with innovation comes down to internal, structural resistance to change. Despite these obstacles, the healthcare leaders assert there is no shortage of good ideas in their organizations.
Barriers/Challenges to Healthcare Innovation
Healthcare senior executives identified the following four biggest challenges to healthcare
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FBI issues IoT Security Warning for Medical Devices, Wearables
The Internet of Things (IoT) refers to any object or device which connects to the Internet to automatically send and/or receive data may pose serious security risks for medical devices and wearables, according to an FBI public service announcement. For healthcare, medical devices, such as wireless heart monitors or insulin dispensers and wearables e.g. fitness devices could provide opportunities for cyber criminals to intrude upon private networks and gain access to other devices and information
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Omada Health Raises $48M to Help Employers, Health Plans Tackle Chronic Disease
Omada Health, the Andreessen Horowitz-backed digital health company that helps employers and health plans avoid getting diabetes, heart disease, and other chronic conditions, announced today that it has raised $48 million in Series C funding. The round was led by Norwest Venture Partners, including strategic investment from two Omada customers – Humana, Inc. and Providence Health & Services, as well as prior investors US Venture Partners, Andreessen Horowitz, Rock Health and new investors
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Google Capital Pours $32.5M into Insurance Startup Oscar Health
Google Capital has invested $32.5 million in Oscar Health, a health insurance company using technology to make insurance simple, intuitive, and human with a valuation of $1.75B, The Wall Street Journal reports. The recent funding brings startup’s funding total up to $352.5 million.
Launched in 2013, Oscar Health's quality network has more than 40,000 users in New Jersey and New York with plans to expand its coverage to California and Texas in 2016. The company's business model is focused on
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Rare Genomics Institute Launches 10 Crowdfunding Campaigns to Help Rare Disease Patients
Rare Genomics Institute (RG) is launching ten separate crowdfunding campaigns to help patients with rare diseases pinpoint the causes of their illnesses. All amounts raised will go towards exome sequencing, which is a cutting-edge method of partial genome sequencing to find the genetic causes of diseases.
This effort is part of Amplify Hope, initiated by RG to determine the most effective crowdfunding programs and measure their effect on scientific education. Amplify Hope is a new RG study
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Doctor Search Portal Practo Acquires Insta Health For $12M
After raising $90 million in Series C funding in August, India-based physician search portal Practo has acquired cloud-based hospital information management company Insta Health for $12 million (Rs 80 crore) in a cash and equity deal. Founded in 2008, Insta Health provides hospital information systems and EMR solutions to hospitals across South East Asia, Middle East, India, and Africa. The Insta Health acquisition marks the company's third acquisition in less than six months. The acquisition
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IBM Watson Health Cloud Expands Capabilities to Bring Innovations to Doctors, Patients
After unveiling the IBM Watson Cloud earlier this year, IBM shows no signs of slowing down their market penetration in healthcare. To further expand their capabilities of Health Cloud, today it has announced the introduction of the IBM Watson Health Cloud for Life Sciences Compliance and the IBM Watson Care Manager.
IBM Watson Health Cloud for Life Sciences Compliance Overview
The IBM Watson Health Cloud for Life Sciences Compliance will help biomedical companies bring medical innovations
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