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

Healthy.io Nabs $60M for FDA-cleared Smartphone-Based Urinalysis for Chronic Kidney Disease

by Jasmine Pennic 09/12/2019 Leave a Comment

Healthy.io Nabs $60M for FDA-cleared Smartphone-Based Urinalysis for Chronic Kidney Disease

- Healthy.io raises $60M led by Corner Ventures for its FDA 510(k) cleared smartphone-based ACR test to be used in the aid of diagnosing chronic kidney disease (CKD). - The funding round will be used to accelerate Healthy.io’s global expansion and product development. - Healthy.io’s solution allows immediate electronic medical record (EMR) connectivity through the automated smartphone scan.  Healthy.io, the fast-growing Israeli digital health company that has turned the
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Incredible Health Raises $15M to Transform The Way Nurses Get Hired

by Fred Pennic 09/12/2019 Leave a Comment

Incredible Health Raises $15M to Transform The Way Nurses Get Hired, Backed by Andreessen Horowitz with

- Incredible Health raises $15M in Series A funding led by Andreessen Horowitz to solve America’s looming health care labor crisis. - Founded in 2017 by a former physician and an MIT alum from a family of nurses, the company has pioneered a new custom matching algorithm that personalizes a hospital’s hiring experience. - The platform empowers hospitals to apply to nurses seeking permanent positions, matching their needs to skilled professionals who fit the bill. Incredible
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VR for Chronic Pain Startup Karuna Labs Raises $3M to Retrain The Brain

by Fred Pennic 09/10/2019 Leave a Comment

VR for Chronic Pain Startup Karuna Labs Raises $3M to Retrain The Brain

- Karuna Labs raises $3M in seed funding to expand personalized chronic pain management programs using virtual reality (VR) technology to retrain the brain. - Karuna Labs uses Karuna uses evidence-based techniques to retrain the brain to perceive movement as non-threatening. - Karuna Pro is now available in clinics, while Karuna Home is available as direct-to-patient for home use. Today, Karuna Labs, the San Francisco, CA-based creator of personalized chronic pain management
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Prudential Financial Acquires Insurtech Startup Assurance IQ, for $2.35B

by Fred Pennic 09/06/2019 Leave a Comment

Prudential Financial Acquires Insurtech Startup Assurance IQ, for $2.35B

- Prudential Financial acquires insurtech startup Assurance IQ for a total upfront consideration of $2.35 billion, plus an additional earnout of up to $1.15 billion in cash and equity. - Assurance will become a wholly-owned subsidiary of Prudential under the U.S. Businesses division. - Assurance will add a large and rapidly growing direct-to-consumer channel to Prudential’s financial wellness businesses, significantly expanding the total addressable market of both
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Microsoft, Astrazeneca Launches AI Factory for Health Accelerator in Europe

by Fred Pennic 09/06/2019 Leave a Comment

Microsoft, AstraZeneca Launches AI Factory for Health Accelerator in Europe

- Microsoft and AstraZeneca are joining forces to launch the AI Factory for Health, a European accelerator for AI-focused digital health startups. - The 3-month accelerator program is for startups that offer an innovative health solution based on artificial intelligence technology for patients or health professionals - Created by Microsoft in partnership with the Inria laboratory, the AI Factory unites a community of startups dedicated to the development of innovative solutions based
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BrightInsight Nabs $25M for Regulated IoT Platform for Biopharma and Medtech

by Fred Pennic 09/05/2019 Leave a Comment

BrightInsight Nabs $25M for Regulated IoT Platform for Biopharma and Medtech

- BrightInsight raises $25M in Series A funding co-led by New Leaf Venture Partners and Eclipse Ventures to further enhance the functionality of its BrightInsight Platform and accelerate global commercialization efforts. - BrightInsight platform enables regulated drugs, devices and SaMDs to ingest and analyze data and deploy regulated recommendations and insights back to patients and providers BrightInsight, San Jose, CA-based global regulated digital health platform for biopharma and
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OptimizeRx Acquires Digital Therapeutics Platform RMDY Health for $16M

by Fred Pennic 09/05/2019 Leave a Comment

OptimizeRx Acquires Digital Therapeutics Platform RMDY Health for $16M

- OptimizeRX acquires RMDY Health, a multipurpose digital therapeutics SaaS platform, for $16 million in cash and equity. - Acquisition will enhance OptimizeRx existing digital platform with technology solutions tailored for digital therapeutics and extends offerings to SaaS-based patient engagement markets. - RMDY will maintain its technology team in Tel Aviv, Israel, and U.S. based personnel and use the OptimizeRx New Jersey HQ. OptimizeRx announced it will acquire RMDY
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4th Annual Accenture HealthTech Innovation Challenge Kicks Off

by Fred Pennic 09/03/2019 Leave a Comment

4th Annual Accenture HealthTech Innovation Challenge Kicks Off

Quick Glance-   Accenture kicks off the application period for the fourth annual Accenture HealthTech Innovation Challenge-   Challenge seeks to support innovative approaches and solutions for improving the way people access, manage and finance healthcare in North America-    Three categories for this year’s Accenture HealthTech Innovation Challenge are operational efficiency, increased access, and consumer experienceAccenture, today kicked off the application period for the fourth annual
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The Drought is Over: It’s Raining Health IT IPOs

by Healthcare Growth Partners (HGP) 08/30/2019 Leave a Comment

The Drought is Over: It’s Raining Health IT IPOs

Three venture-backed health IT companies completed IPOs in July, ending an almost three-year drought of health IT IPOs.  Share prices soared following each IPO, indicative of the enthusiastic response and a desire to see more health IT companies make their way toward public debuts. Composition of revenue, gross margin, and growth are key differentiators between these and all companies and key drivers of valuation.  Given the enthusiastic shareholder response to these listings, we
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PeerWell Lands $6.5M to Commercialize its Worker’s Comp Musculoskeletal Surgery Optimization Platform

by Fred Pennic 08/27/2019 Leave a Comment

PeerWell Announces $6.5 Million in Series A Funding to Rollout Musculoskeletal Surgery Optimization Platform

Today PeerWell, a San Francisco, CA-based PreHab company helping patients prepare physically and mentally for orthopedic surgery and recover faster has raised $6.5M in Series A funding led by OMERS Ventures with participation from investors Emmett Shear (Co-Founder CEO of Twitch) and Travis May (CEO of Datavant). Existing investors include XSeed Capital and angel investors Auren Hoffman (CEO SafeGraph, Co-founder of LiveRamp), Kevin Lin (COO of Twitch), Michael Seibel (CEO of Y Combinator),
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