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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant

Ori Biotech Lands $30M for Cell and Gene Therapy Manufacturing Platform

by Fred Pennic 10/15/2020 Leave a Comment

Biotech Startup Ori Biotech Lands $30M for Cell and Gene Therapy Manufacturing Platform

What You Should Know: - Biotech startup Ori Biotech raises $30M in Series A funding to scale its cell and gene therapy (CGT) manufacturing platform. - Ori Biotech helps pharmaceutical and biotech companies develop and manufacture cell and gene therapies. Its patented technology aims to reduce the manufacturing cost of these life-saving treatments by up to 80%, allowing them to be more widely accessible for patients. Ori Biotech Ltd (Ori), a leading innovator in cell and gene therapy
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Curation Health Raises Series A Funding for Clinical Decision Support Platform

by Jasmine Pennic 10/06/2020 Leave a Comment

Curation Health Raises Series A Funding for Clinical Decision Support Platform

What You Should Know: - Curation Health raises an undisclosed Series A round of funding to accelerate the adoption of its advanced clinical decision support platform. - Curation Health provides an advanced clinical decision support platform for providers and health plans that aids in managing risk contracts and improving quality performance. Curation Health, an Annapolis, MD-based advanced clinical decision support platform for value-based care, today announced the completion of
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Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding

by Fred Pennic 10/06/2020 Leave a Comment

Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding

What You Should Know: - Augmedix closes $25 million in private placement funding and completion of a reverse merger transaction with Malo Holdings Corp. - Following the transaction, the merged entity will be named "Augmedix, Inc.", and will continue the historic and innovative business of Augmedix.  Augmedix, a company specializing in providing remote medical documentation and live clinical support services, today announced the closing of a $25 million private placement
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HealthTech Arkansas Unveils Latest Cohort of 5 Digital Health Startups

by Jasmine Pennic 10/06/2020 Leave a Comment

HealthTech Arkansas Unveils Latest Cohort of 5 Digital Health Startups

What You Should Know: - HealthTech Arkansas unveils its latest cohort of five digital health startups selected for the 2020 HealthTech Arkansas healthcare accelerator. - Each participating company will receive $75k in seed investment through a convertible note and the opportunity to pilot their solutions. Today, HealthTech Arkansas, Arkansas Children’s Hospital, Arkansas Heart Hospital, Arkansas Urology, Baptist Health, CHI St. Vincent, Conway Regional Health System, Mercy,
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Parexel Acquires Healthcare NLP Provider Roam Analytics

by Jasmine Pennic 09/23/2020 Leave a Comment

Parexel Acquires Healthcare NLP Provider Roam Analytics

What You Should Know:   - Parexel acquires healthcare software company Roam Analytics, Inc. to strengthen and enhance Parexel’s pharmacovigilance (PV) services. - The acquisition provides significant opportunities to apply Roam Analytics’ natural language processing (NLP) technology to further streamline and extract insights from unstructured data. - Parexel will also use Roam’s AI technology to leverage various data, from clinical notes, medical images, patient surveys,
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Healthcare VC Firm Longitude Capital Closes $585M Fund

by Fred Pennic 09/23/2020 Leave a Comment

Healthcare VC Firm Longitude Capital Closes $585M Fund - VC

What You Should Know:   - Healthcare venture capital firm Longitude Capital announces the close of its $585M Longitude Venture Partners IV, L.P. (“LVP4”) fund to invest in transformative healthcare companies. - LVP4 will invest opportunistically across all stages of a company’s development through a variety of approaches that include traditional venture capital investing and special situations such as spin-outs, equity-linked transactions, and private investments in public
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Beyond Limits Nabs $133M to Drive Global Expansion of AI Technology

by Fred Pennic 09/22/2020 Leave a Comment

Beyond Limits Nabs $133M to Drive Global Expansion of AI Technology

What You Should Know: - Beyond Limits, an AI provider that uniquely uses 45 technologies developed at Caltech and NASA’s Jet Propulsion Lab to provide business intelligence for healthcare raises $133M in funding. - Beyond Limits’ AI predictive model is helping healthcare professionals fight against COVID-19 including determining the percentage of patients that may need ventilators and ECMO in the ICU and dialysis units. Beyond Limits, an LA-based industrial and enterprise-grade AI
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Backed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform

by Jasmine Pennic 09/21/2020 Leave a Comment

Led by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform

What You Should Know: - Osso VR raises $14M in Series A funding led by Kaiser Permanente Ventures (KPV) to expand its virtual reality (VR) surgical training platform. - Using immersive VR technology, Osso VR’s scalable platform offers a realistic, hands-on training environment that leads to real-world performance gains and ultimately improved patient outcomes. Osso VR, a Palo Alto, CA-based validated Virtual Reality (VR) surgical training platform, today announced it has raised $14M
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Olive Raises Another $106M for AI-Powered Digital Employee Platform

by Fred Pennic 09/17/2020 Leave a Comment

Olive Raises Another $106MM for AI-Powered Digital Employee Platform

What You Should Know: - The company that built healthcare’s first digital employee, Olive, today announced an additional $106M in financing in a round led by General Catalyst and Drive Capital. - Hospitals were implementing an AI workforce to manage administrative tasks before the pandemic started, and recent events have kicked adoption into overdrive. - Olive’s quick growth is a testament to hospitals’ urgent need for administrative efficiency as they navigate the public
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Ready Raises $54M to Become The Uber of On-Demand Healthcare Services

by Jasmine Pennic 09/16/2020 Leave a Comment

Ready Raises $54M to Become the Uber of On-Demand Healthcare Services

What You Should Know: - Ready, a company described as the “Uber” of on-demand health service, just raised $54 million in its Series C funding round. - Ready’s on-demand care model is evolving the healthcare industry with customer service and mobility, just like Uber did for ride sharing and Postmates for food delivery. Ready, an New Orleans, LA-based on-demand healthcare service, today announced that it closed $54 million of new funding to finance the expansion of its operations and
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