- 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
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Wellframe Raises $20M to Accelerate Digital Care Management Solution for Care Teams
- Wellframe raises $20M in Series C funding to support company growth, including hiring in its Boston office, and accelerate its leadership in the Digital Health Management market.Wellframe translates evidence-based, peer-reviewed guidelines and literature into an interactive daily checklist delivered to patients through the Wellframe mobile app.The additional funding announced today will also enable Wellframe to accelerate the next phase of its Digital Health Management solutions, Digital
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Heathify Raises $16M to Expand Social Determinants of Healthcare Platform for Value-Based Care
- NYC-based Healthify raises $16M led by SV Health to fuel the company’s growth to integrate social determinants of health in the era of value-based care. - Healthify provides an intuitive SDoH referral platform that enables collaboration between network partners.- The funding will support the company’s rapid growth as it continues to bring healthcare and social service organizations together in accountable networks.Healthify, an NYC-based company integrating the social determinants of health
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FundamentalVR Lands $5.67M for VR Surgical Training Simulation Platform
- FundamentalVR lands $5.67M to expand its virtual reality (VR) surgical training simulation platform with haptics (the sense of touch). - Platform is deployed with a number of medical institutions across seven countries, including Mayo Clinic and UCLA in the U.S., UCLH in the U.K., and Sana in Germany with initial training packages focused on the orthopedic surgical disciplines.FundamentalVR, developers of immersive training technology for the surgical community has raised $5.67M in Series A
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Twistle Raises $16M to Expand Patient Engagement Platform
- Seattle-based health IT innovator Twistle raises $16M in Series A funding from two major healthcare investors: Health Enterprise Partners (HEP) and MemorialCare Innovation Fund (MCIF). - The funding investors are healthcare-centric: MCIF is a strategic healthcare investment fund wholly-owned by a healthcare system and HEP is a private equity firm that invests exclusively in healthcare services and IT companies.- The funding will accelerate the delivery of personalized care guidance through
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InsureTech Chatbot Platform Sensely Raises $15M to Modernize Member Experience
- Digital health and InsureTech chatbot platform Sensely announced it has raised $15M in funding led by Aflac Corporate Ventures, the venture arm of Aflac Inc. - The funding brings expanded commercial pathways to Sensely, with markets serving over 60 million members and representing over $200MM in annual recurring revenue opportunities. Today, at HLTH 2019, Sensely, a San Francisco, CA-based digital health and InsureTech platform that modernizes member experience while lowering costs,
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Amazon Acquires Health Navigator to Become Part of Amazon Care Services
- Amazon acquires Chicago-based Health Navigator platform, a comprehensive clinical vocabulary, and decision-support system.- The announcement marks Amazon’s second acquisition in the healthcare space after acquiring online pharmacy market PillPack for $750M last year. - CNBC confirms Health Navigator will not renew existing contracts with their customers moving forward and will become part of Amazon Care, it's pilot healthcare service program for employees.Amazon has acquired Health Navigator,
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AVIA Lands $22M to Expand Healthcare Innovation Network to New Markets
- AVIA raises $22M to expand its leading healthcare innovation network to expand its service offerings and reach new markets. - Specifically, AVIA will tap into the new funds to grow its offerings in areas including consumerism, population health, and risk management, and to reach new markets such as pediatric hospitals and payers.- Members of the AVIA Innovator Network access unique insights, participate in collaborative strategic initiatives, and engage in consulting services to increase speed
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XLerateHealth Awarded $1.7M Grants to Fuel Healthcare Innovation in Under-Resourced States
- XLerateHealth (XLH) has been awarded a total of $1.7M in grants to continue building the XLerator Network and support academic healthcare innovation across the Southeast. - The continuation of the grant secures a second year of funding for XLH and its partners to build on foundational assessment and planning work completed in year one.XLerateHealth (XLH), a Louisville, KY-based healthcare accelerator has been awarded grants totaling $1.7M to continue building the XLerator Network and support
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Medinas Raises $5M to Expand Pre-Owned Medical Equipment Marketplace
- Medinas close $5M seed funding round led by NFX to expand pre-owned medical equipment marketplace and asset management software for hospitals. - Pre-owned medical equipment marketplace and asset management software has helped hospitals reduce waste and save over $50M in sales equivalency by making equipment remarketing fast, easy and safe.- The Medinas Price Book utilizes over 9 million data points to provide estimated equipment values for the $156 billion healthcare equipment market in the
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