SafeKeeping, an Evansville, Indiana-based integrated care dashboard for long-term care providers that utilizes facilities' electronic medical record (EMR) data to improve health outcomes for caregivers, family members and residents announced it has raised $330k in seed funding led by Solidea Capital. The company plans to use the seed funding to expand offerings, support additional long-term care facilities and meet urgent industry demands for an engagement channel that puts facility efficiency
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
MyHealthTeams Lands $9.44M to Expand Social Networks for Chronic Condition Communities
MyHealthTeams, a San Francisco, CA-based creator of the largest and fastest-growing social networks for people facing chronic health conditions raised $9.44 million in a Series B financing round led by strategic investor UCB, a global biopharmaceutical company. This financing brings total investment in MyHealthTeams to $26.84M, building on the company's Seed and Series A1, A2 and A3 rounds. Existing investors including Adams Street Partners, Qiming US Ventures, CVS Health, The Westly Group,
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Nomad Health Raises $34M to Disrupt Healthcare Staffing Industry
Nomad Health, an NYC-based on-demand medical jobs marketplace platform has raised $34M in new equity and debt financing led by Icon Ventures. The financing also includes additional investment from prior investors Polaris Partners, RRE Ventures, .406 Ventures, and Silicon Valley Bank. Nomad’s mission is to revolutionize healthcare staffing by creating the first online marketplace for healthcare jobs and by bringing the gig economy to healthcare – it is disrupting a multibillion-dollar industry in
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Mayo Clinic Backs Imago Systems to “Re-Visualize” The Mammogram for Breast Cancer Detection
Mayo Clinic has signed a know-how license agreement with Imago Systems, a medical imaging company with an advanced machine learning software that is designed to dramatically improve a clinician’s ability to detect cancer and other abnormalities earlier and more accurately. Imago Pilot DetailsAs part of the know-how license agreement, a breast imaging research specialist at Mayo Clinic will spearhead Imago's pilot and pivotal studies to clinically validate Imago's visual intelligence software as
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Lilly Launches Innovation Challenge to Transform IBD Care Through Digital Health
Eli Lilly and Company (NYSE: LLY) is launching an open innovation challenge to encourage individuals and teams across the U.S. to identify and submit pioneering digital health solutions aimed at transforming inflammatory bowel disease (IBD) care. The challenge, "Transforming IBD Care: Better disease monitoring, management, and care for people with inflammatory bowel disease" focuses on innovation in IBD monitoring, condition management or care enhancements.Impact of Inflammatory Bowel Disease
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OSF Ventures Joins $35M Funding Round for Handheld, Exo Ultrasound Device
OSF Ventures, the investment arm of OSF HealthCare has joined a $35M Series B funding round to support medical device startup Exo Imaging that’s developing a breakthrough handheld, AI ultrasound device that will allow healthcare providers to make critical, real-time diagnostic decisions.Performance Ultrasound PlatformFounded in 2015, Exo (pronounced “Echo”) is bringing diagnostic-grade medical imaging to the pocket of every caregiver and clinician worldwide. The company is developing an
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MedAnswers Raises $5M for Scientifically, Clinically Validated FertilityAnswers App
MedAnswers, a health tech company has raised $5 million in seed round funding led by Special Situations’ Life Sciences Innovation (LSI) Fund, managed by David Sable, with Viking Global Investors also participating. MedAnswers is leveraging technology, genetics and other health data to match those struggling to conceive to a curated network of fertility experts and solutions to help users conceive faster. The company is a graduate of the 7th cycle of Illumina Accelerator. FertilityAnswers AppThe
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PE Firm Backs Nation’s Largest Care Coordination Company ChartSpan
Blue Heron Capital, a growth private equity (PE) firm based in Richmond, Virginia has announced its investment in a Series A round of funding in ChartSpan, the largest healthcare managed service provider of chronic care management. The firm is part of a five-investor syndicate.Impact of Chronic Conditions on Patient Health OutcomesAn alarming 75% of Americans over the age of 65 live with multiple chronic conditions that require ongoing medical attention and often impact their ability to live
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PurpleLab Lands $3M to Expand Healthcare Data and Analytics Platform
PurpleLab, a Furlong, PA-based healthcare data and analytics platform has raised $3 million in growth financing from Edison Partners. PurpleLab plans to use the capital to bolster its analytics capabilities and sales and marketing operations.A New Type of Healthcare Provider Profiling OfferingProvider profiling and medical terminology master data management represents a $2 billion-plus market in the U.S. Today’s changing domestic healthcare environment will continue to change the way that
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OSF Ventures Closes $75M Sophomore Venture Fund to Focus on Emerging Technologies
OSF Ventures, the corporate venture capital arm of Peoria, Ill.-based OSF HealthCare, has announced the closing of its sophomore venture capital fund of $75M. The sophomore fund will focus on investing in new technology, devices, and services that offer improved and more cost-efficient healthcare.Investment PhilosophyOSF focuses on investing in companies seeking funding at all post-seed stages and has invested primarily in Series A and B rounds. In addition, OSF Ventures is open to
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