- Bright Health, a diversified consumer-focused healthcare company announced it has raised $635M in Series D funding led by NEA. - The funding will be used to support Bright Health's aggressive growth and hiring as the company continues to strategically expand across products, geographies and consumer bases.- With this round, Bright Health has raised over a billion dollars in equity financing since early 2016, reaching "unicorn status" with a valuation of over $1B. Bright Health, a diversified
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Thrive Earlier Detection Wins the BlueCross BlueShield Data Innovation Challenge
- Thrive Earlier Detection has won the BlueCross BlueShield Data Innovation Challenge for its proposal to evaluate the health-economic impact of earlier multi-cancer detection. - Thrive to analyze more than five years of Blue Cross and Blue Shield claims to detect cancer earlier and more cost-effectively- As part of winning the BlueCross BlueShield Data Innovation Challenge, Thrive will have six months of access to analyze a select dataset from BHI’s database of more than 5 billion covered
Read More
Bridge Connector Raises Additional $5M for No Code, Health Integration Platform
- Bridge Connector raises an additional $5M reaching a total of $25M in funding for its data-driven workflow automation to solve health IT interoperability challenges. - The additional financing will support Bridge Connector’s continued scalability and its upcoming launch of Destinations, a new “no-code” integration platform as a service (iPaaS) that connects health data systems without the need for code.- The company plans to close on Series B funding in the second quarter of 2020, further
Read More
Israeli VC Firm Peregrine Ventures Closes $115M MedTech Fund
- Israeli med-tech venture capital firm Peregrine Ventures raises $115M for its fourth fund focused on investing in early-stage medical technology startups. - To date, the VC firm has 10 exits totaling more than $2 billion in cumulative value and has over $200M in capital under management.Peregrine Ventures, a leading Israeli med-tech venture capital fund, today announced it has closed its fourth medtech-focused fund, Peregrine 4, raising $115 million. Their fourth medtech fund includes some of
Read More
Biotia Raises $2.4M for AI-Powered Precision Infectious Disease Detection & Diagnosis
- Pioneering pathogen detection company Biotia raises $2.4M in seed funding to expand its scientific board and further develop and implement Biotia's diagnostic testing methods, including its AI-based software platform. - Biotia has built one of the world’s largest precision metagenomics clinical databases by working with hospitals internationally. Biotia, an NYC-based health tech company leveraging next-generation DNA sequencing (NGS) and artificial intelligence (AI) software for precision
Read More
3 Themes Driving Today’s State of Gender Equity at Healthcare Startups & VCs
- Latest Rock Health reports reveal the in-depth survey results of 218 men, women, and non-binary respondents working at healthcare startups and VCs to understand perceive how their organizations are actively advancing gender equity. - The report reveals we are far from gender parity and the most common initiatives to promote gender equity may not be the most effective approach. - Conversations with leaders outline five core strategies for building a workplace supportive of gender equity.Despite
Read More
Rad AI Raises $4M to Automate Repetitive Tasks for Radiologists Through Machine Learning
- Rad AI raises $4M in seed funding led by Gradient Ventures, Google’s AI-focused venture fund to transform radiology with the latest advances in AI to save radiologists 60+ minutes a day.
- By streamlining existing workflow and automating repetitive manual tasks, Rad AI increases daily productivity while reducing radiologist burnout.
- Rad AI provides more consistent radiology reports for ordering clinicians, and higher accuracy for the patients it serves.
Berkeley-based Rad AI, a
Read More
Cone Health Launches Innovation Center to Develop & Launch Ideas
- Cone Health forms an innovation center named Cone Health Ventures to serve as a testing ground for new products and services focused on health and wellness. - Cone Health Ventures will serve as the innovation framework bringing together entrepreneurial insight, healthcare expertise and a human-centered approach to innovation.Cone Health, a Greensboro, NC-based integrated not-for-profit network of providers serving people in central North Carolina has announced the launch of Cone Health
Read More
Presidium Health Raises $3.5M to Expand On-Demand Care Platform
- Presidium Health raises $3.5M to expand optimized in-home medical services based on geo-proximity to the medically complex and underserved population utilizing a home-based model of careThe company's flagship platform, STAT (Secure Text Activated Triage) is a simple user interface that provides patients with a medical alert device that allows for two-way communication, real-time transmission of vitals and personal health records to a HIPAA-compliant text platformPresidium Health, a San Diego,
Read More
GenapSys Nabs $90M to Commercialize Its Breakthrough Electronic Gene Sequencer
- GenapSys launches first-of-its-kind electronic gene sequencer as well as the completion of a $90M series C funding round led by top biotech investor Foresite Capital. - GenapSys is the first & only to use direct electronic sequencing -- this allows for a simpler workflow, dramatically reduced costs, turnaround time and device size.- The GenapSys Sequencer is exceptionally accurate and 100x smaller and more affordable than current high-throughput sequencers and will significantly expand
Read More
