HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities for approximately $18 million in cash. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Internet of Medical Things (IoMT) Startup Cynerio Raises $7M to Expand Fraud Platform in U.S.
Cynerio, a New York-based provider of medical device and Internet of Medical Things (IoMT) security selections, today announced it has raised $7 million in funding from investors Accelmed, RDC; and MTIP. The company will use the funding to help fuel growth in North America for its 100% healthcare focused cybersecurity platform.Founded in 2017, Cynerio’s IoMT fraud detection platform analyzes the medical workflows in the IoMT ecosystem, to automatically discover all the entities on the network,
Read More
Providence Ventures Closes $150M Fund to Foster Healthcare Innovation
Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system. Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
Read More
Led by Philips, Prenatal App Babyscripts Nabs $6M to Support Holistic Care for Mothers
Babyscripts, Inc., a Washington D.C.-based virtual care platform for managing obstetrics, announced today that Philips has taken a minority position in the company by leading a $6 million round of financing. The round also included participation from investors StartUp Health and NueCura Partners.Founded in 2013, Babyscripts has spent the last four years building a clinically-validated, virtual care platform to allow OBGYNs to deliver a new model of prenatal care. Using Internet-connected devices
Read More
Verato Raises $10M to Eliminate Duplicate Medical Records with Patient Matching Technology
Verato, a McLean, VA-based provider of cloud-based patient matching and master patient index (MPI) technology, today announced that it has raised $10 million in Series C financing led by existing investors Bessemer Venture Partners and Columbia Capital with participation from Blue Heron Capital and California Health Care Foundation. The company plans to use the latest round of funding to accelerate the adoption of Verato’s revolutionary new technology by all segments within healthcare –
Read More
EarlySense Raises $39M to Expand Contact-Free Monitoring & Analytics Solution
Israeli digital health startup, EarlySense, a contact-free continuous monitoring solutions provider, announced today that it has raised $39 million in funding from Hill-Rom and Wells Fargo Strategic Capital. The round also included participation from BlueRed Capital, Israel Innovation Fund, Argos Capital and Hotung Capital. Existing investors, Pitango Venture Capital and JK&B Venture Capital. Founded in 2004, EarlySense’s FDA-cleared and CE-approved solutions are used by healthcare
Read More
DrChrono Raises $10M to Expand EHR Platform to Large-Scale Practices
DrChrono Inc., the company enabling the medical practice of the future announced it has raised $10 million in funding from SQN Ventures to globally expand its business. Founded in 2009, DrChrono’s platform comprehensive platform includes EHR, practice management, medical billing, revenue cycle management, and patient portal. DrChrono also built the one of the first iPad EHRs and the health platform was built for iPad, iPhone, Apple Watch and the web. DrChrono OverviewSince its inception,
Read More
GlaxoSmithKline and Pfizer Form New Consumer Health Joint Venture
GlaxoSmithKline and Pfizer Inc to form new world-leading Consumer Healthcare Joint Venture provides a unique opportunity to accelerate GSK’s strategy and create substantial value for shareholders. GlaxoSmithKline has reached an agreement with Pfizer Inc to combine their consumer health businesses into a consumer health Joint Venture, with combined sales of approximately $12.7B. As part of the agreement, GSK will have a majority controlling equity interest of 68% and Pfizer will have an equity
Read More
PeaceHealth to Acquire On-Demand Healthcare Provider ZOOM+Care
PeaceHealth to acquire ZOOM+Care to expand access to on-demand primary and specialty care for patients across the Pacific Northwest. PeaceHealth, a Vancouver, WA-based nonprofit Catholic health system serving the Pacific Northwest community, today announced it will acquire ZOOM+Care, a provider of on-demand retail and digital healthcare services including telemedicine. The acquisition increases access to a continuum of care that offers consumers in Oregon and Washington with more choice and
Read More
Behavioral Health Startup Tridiuum Raises $9.5M to Integrate Behavioral Health Across Continuum of Care
Tridiuum (formerly known as Polaris Health Directions), a Philadelphia-based provider of cloud-based behavioral health solutions has raised $9.5 million in Series B financing, which includes equity capital from lead investor Sopris Capital and strategic co-investor Fresenius Medical Care Ventures, and debt funding from Silicon Valley Bank. Series A investors Ben Franklin Technology Partners of Southeastern Pennsylvania and Martinson Ventures participated as well.Founded in
Read More
