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

Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion

by Fred Pennic 02/20/2020 Leave a Comment

Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion

- Patient financial engagement startup MedPilot raises $1.5M in funding to fuel its next stage of growth, bringing its total to date to $3.6M. - MedPilot’s patient financial relationship platform transforms patient billing through customized outreach tailored to people's preferences. MedPilot, a Cleveland, OH-based patient financial engagement company announced it has raised $1.5M in funding led by JumpStart, TurnCap, Northcoast Fund, Wavemaker Three-Sixty Health, Valley Growth
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IntelyCare Raises $45M for Intelligent Nurse Staffing Platform to Address Solve Nationwide Workforce Shortage

by Fred Pennic 02/20/2020 Leave a Comment

IntelyCare Raises $45M for Intelligent Nurse Staffing Platform to Address Solve Nationwide Workforce Shortage

- IntelyCare, a leading intelligent workforce management solution for post-acute facilities raises $45M in new equity and debt financing to solve nationwide nurse shortage. - With this funding, the company will continue its viral expansion into new markets in dire need of better ways to pair facilities with open shifts and nurses looking for work. IntelyCare, a leading intelligent workforce management solution for post-acute facilities, today announced it has completed the largest
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UK-Based Startup Oxford VR Nabs $12.5M to Expand Automated VR Therapy Platform

by Fred Pennic 02/13/2020 Leave a Comment

UK-Based Startup Oxford VR Nabs $12.5M to Expand Augmented VR Therapy Platform into U.S.

- Automated virtual reality therapy Oxford VR secures a record $12.5M investment to advance its real-world impact in behavioral health, and accelerate clinical leadership in the U.S. - The investment will enable the next-level growth of pioneering immersive therapy for depression, anxiety, and other behavioral health conditions. VR therapy pioneer Oxford VR announced today a landmark $12.5 million Series A funding round led by Optum Ventures and supported by Luminous Ventures. The round
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Analysis: Why Digital Health Investors are Falling in Love with Femtech

by Healthcare Growth Partners (HGP) 02/12/2020 Leave a Comment

Analysis: Why Digital Health Investors are Falling in Love with Femtech

Women’s health technology, known as Femtech, is one of the fastest-growing and well-funded categories of digital health.  Femtech generally encompasses a range of digital health software and tech-enabled service providers that cater to the specific biological needs of women.  These needs span from general health and wellness to reproductive health, including fertility, pregnancy, and nursing care.  Today, reproductive health is the focal point of femtech, thanks in part to the
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OnShift, Inc. Acquires Talent Acquisition Software Provider Avesta Systems

by Jasmine Pennic 02/11/2020 Leave a Comment

OnShift, Inc. Acquires Talent Acquisition Software Provider Avesta Systems

- Healthcare human capital platform OnShift, Inc. acquires Avesta Systems, Inc., a talent acquisition software provider that streamline recruiting and hiring processes. - The acquisition reinforces OnShift’s strategy to offer healthcare providers a modern, purpose-built software suite that redefines the employee experience. In the continued expansion of OnShift’s next-generation human capital management platform, the company today announced it has acquired Avesta Systems, Inc., a
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Capital Rx Wins Top Award at Accenture HealthTech Innovation Challenge

by Jasmine Pennic 02/11/2020 Leave a Comment

- Capital Rx has been named first-place Innovation Champion and Carrot Health as second-place Top Innovator of the Accenture HealthTech Innovation Challenge. - Capital Rx’s clearinghouse model connects pharmacies and employers to establish a marketplace for drug pricing to reduce costs and create a better experience for both plan sponsors and patients. Capital Rx has been named Innovation Champion of the Accenture HealthTech Innovation Challenge, which recognizes innovative approaches
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Lumos Diagnostics Raises $15M to Expand Point of Care Diagnostic Solutions Internationally

by Jasmine Pennic 02/05/2020 Leave a Comment

Lumos Diagnostics Raises $15M to Expand Point of Care Diagnostic Solutions

- Lumos Diagnostics raises $15M in Series A funding to support the international expansion of its point of care diagnostic solutions. - Lumos provides assay development and manufacturing services for customized POC tests as well as directly develops, manufactures and will commercialize a suite of proprietary Lumos-branded POC tests that focus on the systemic host immune response. Lumos Diagnostics, a Sarasota, FL-based health IT company, today announced it has raised $15M in Series A
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Verana Health Acquires PYAA Analytics; Raises $100M to Expand Real World Data Insights

by Fred Pennic 02/05/2020 Leave a Comment

Verana Health Acquires PYAA Analytics; Raises $100M to Expand Real World Data Insights

- Verana Health, a health tech company (in the real-world evidence and clinical trials space) is announcing a $100M funding round today — led by GV (with participation by Bain, Define, Brook Byers and others). - Additionally, they acquired Knoxville-based PYAA analytics, a company spun out of Oak Ridge National Laboratory to leverage the PYAA team’s capabilities to integrate imaging, genomic, and claims data sources into the existing data platform and link these data with the EHR data
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Hinge Health Raises $90M to Expand Digital Musculoskeletal Care Solution

by Fred Pennic 02/04/2020 Leave a Comment

Hinge Health Raises $90M to Expand Digital Musculoskeletal Care Solution

- Backed by Bessemer Ventures, Hinge Health raises $90M in a Series C financing round for its digital musculoskeletal care solution. - The company plans to use the funding to expand across the MSK care continuum, accelerate employer and health plan market growth, and advance surgery prediction and member support. Hinge Health, a San Francisco, CA-based digital musculoskeletal (MSK) solution, today announced a $90 million round of Series C funding led by Bessemer Venture Partners, with
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Star Trek-Inspired Bed for X-Ray Medical Imaging Raises $26M

by Fred Pennic 01/17/2020 Leave a Comment

Startek-Inspired AI Biobed for Early Detection Raises $26M

- Israeli digital health startup Nanox raises $26M to support the commercialization and deployment of its Star Trek-inspired medical bed for end-to-end X-ray medical imaging service. - The Nanox System is composed of the Nanox.Arc, a novel digital X-ray device and the Nanox.Cloud, a companion cloud-based software that will be designed to provide an end-to-end medical imaging service. NANO-X IMAGING LTD. (“Nanox” or the “Company”), an Neve Ilan, Israel-based innovative medical imaging technology
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