Health optimization platform Welltok has raised $33.7 million in Series E funding with participation from new and existing investors including securing a a new debt facility providing the company with $13 million of expanded borrowing capacity. The company plans to utilize the funding to accelerate development of its CaféWell Health Optimization Platform™ and complementary technology-enabled healthcare service offerings, as well as expansion into new market segments. The latest round brings the
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Health IT | News, Analysis, Insights - HIT Consultant
UPMC Makes Strategic Investment in Predictive Analytics Startup RxAnte
UPMC Enterprises, the commercialization arm of University of Pittsburgh Medical Center has acquired all of Millennium Health’s interest in predictive analytics startup RxAnte. Financial terms of the deal were not disclosed. As part of the deal, RxAnte will continue to operate as an independent company led by its existing management team. Founded in 2011, RxAnte’s technology and clinical services enable its clients to improve clinical care quality and avoid unnecessary costs. UPMC Enterprises
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MTBC Acquires Revenue Cycle Management Company MediGain
MTBC, a provider of proprietary, web-based EHRs, practice management and mHealth solutions has acquired the assets of MediGain, a Plano, TX-based revenue cycle management company. The acquisition of MediGain assets includes customer accounts, intellectual property, and offshore operations in India and Sri Lanka.Founded in 2002, MediGain provides revenue cycle management solutions and analytics for the healthcare industry in the United States and internationally. The company offers services in
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Backed by Google, Aspire Health Nabs $32M for Palliative Care
Aspire Health, a Nashville, TN-based palliative care company has raised $32 million in funding round that was led by GV (formerly Google Ventures), the venture capital arm of tech giant Alphabet Inc. (Google's parent company). The company plans to utilize the funding to make better use of its data by developing more algorithms and natural language processing (NLP) search functions that would benefit home healthcare and create new programs for cancer patients. Co-founded by former Senate
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Moxe Health Raises $5.5M For Comprehensive Clinical Data-Sharing
Moxe Health, a Madison, WI-based company that focuses on accelerating the exchange of clinical data between payers and providers has raised $5.5M in Series A financing led by Safeguard Scientifics. The company plans to use the funding to accelerate its hiring and sales efforts as well product expansion. To combat a widening disconnect between insurers and healthcare providers, Moxe democratizes access to information.Founded in 2012, Moxe Health enables bi-directional flow of information between
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Wolters Kluwer to Acquire Emmi for $175M
Wolters Kluwer Health announced it will acquire Emmi Solutions (Emmi), a providers of patient engagement solutions, for $170 million in cash to expand its market share in the patient engagement market. For Wolters Kluwer Health, Emmi’s offerings are a natural extension to its existing Clinical Solutions portfolio, in particular to UpToDate in decision support and Lexicomp and Medi-Span in drug information.Founded in 2002, Emmi offers an enterprise-wide, integrated and multi-media patient
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Five Big Challenges Hospitals Face When Developing Mobile Apps
Embracing innovation isn’t always easy for hospitals when it comes to developing mobile apps, but there are solutions. Kinvey’s CEO Sravish Sridhar explains.Improving outcomes and reducing costs: is there an app for that? Well, there could be. In fact, you can build one. But Kinvey’s Sravish Sridhar cautions health organizations to be careful when it comes to app development. Although you can’t save money without spending some first, the wrong approach to digital innovation could end up costing
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Avaap Acquires Epic-Focused Consulting Firm Falcon Consulting
Avaap, an Infor systems integrator, announced it has acquired Falcon Consulting, LLC, a KLAS-leading Epic Systems implementation and optimization firm to expand its consulting, software solutions and implementation services. With this acquisition, Avaap has put itself in the distinctive position of servicing the largest enterprise software needs for its healthcare customers. Avaap is strategically focused on Infor and helping healthcare organizations implement and maximize value in Enterprise
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Andrew Mellin Named Chief Medical Officer for Spok, Inc.
Spok Holdings, Inc., a secure message provider for healthcare has appointed Andrew Mellin, M.D. its new Chief Medical Officer. In his new role, Dr. Mellin will be responsible for representing physician’s needs for communications software solutions to drive improvements in provider efficiency and patient care. Dr. Mellin joins recently appointed Chief Nursing Officer (CNO) Dr. Nat’e Guyton, in creating a clinical leadership team focused on using communication technologies to enable more effective
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Innovaccer Launches AI Assisted Care Coordination Platform
Silicon Valley-based Big Data Startup, Innovaccer Inc. has announced the launch of its artificial intelligence assisted Care Coordination Platform named ‘Datashop Care.' Built with direct input from more than 200 physicians and care coordinators, 'Datashop Care,' addresses the gaps in care and connectivity. Datashop Care will be an addition to Innovaccer’s proprietary product ‘Datashop,'which gives providers the capability of integrating claims, clinical and laboratory data and performing
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