Medidata today announced that it has entered into a definitive agreement to acquire SHYFT Analytics for $195 million in cash, closing the loop on clinical development with commercial and real-world data analytics. SHYFT Analytics cloud data analytics platform for life sciences provides insights on 45B patient records and 2M providers. Medidata's unified platform, pioneering analytics, and unrivaled expertise power the development of new therapies for over 1,000 pharmaceutical companies, biotech,
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Inova Personalized Health Accelerator Invests in Prior Authorization Platform, CoverMyTest
Inova Personalized Health Accelerator (IPHA), an unique program providing health IT entrepreneurs with C-suite coaches, early-stage capital and strategic partners, today announced it has invested in health IT startup CoverMyTest. The New York-based startup partners with labs to optimize and automate prior authorization (PAs) workflows.CoverMyTest is the only PA service provider solely focused on assisting laboratories offering genetic and genomic testing. This PA software comes at a critical
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Zebra Medical Vision Raises $30M, Unveils AI-Based Chest X-Ray Reader
Zebra Medical Vision, an Israeli-based machine and deep learning startup utilizing big data to diagnose diseases far better than radiology has raised $30 million in Series C funding led by aMoon Ventures. The round also included particpation from Aurum, Johnson & Johnson Innovation JJDC Inc. and Intermountain Healthcare and leading global AI scientists Professor Fei Fei Lee and Richard Socher. The latest round brings the total investment in the company to $50M. Founded in 2014, Zebra
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nference Raises $11M to Synthesize the World’s Biomedical Knowledge
nference, a Cambridge, MA-based company on a mission to synthesize the exponentially growing biomedical knowledge has raised $11 million in Series A funding led by Matrix Partners. The round also included participation from existing investor Matrix Capital Management. The company plans to utilize the funding to develop the company’s AI and R&D platforms, expand scientific operations in Cambridge MA and establish nference Labs in Bangalore, India.Founded by Murali Aravamudan and Venky
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Risalto Health Lands $1.5M for Concierge Musculoskeletal Care Service
Risalto Health, a digital health startup delivering concierge service for musculoskeletal care with cutting-edge care pathways for patients, has raised $1.5M in seed stage capital from Health Catalyst Capital Management (HCCM). The seed round also included participation from Oxeon Partners. Risalto plans to use the funding to expands its care concierge program to enable superior outcomes and cost savings for patients experiencing back, neck, knee, and hip pain. Musculoskeletal ailments affect
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Health Tech Startup Bridge Connector Raises $4.5M for Healthcare Data Integration Platform
Bridge Connector, a healthcare data integration platform as a service (iPaaS) that delivers streamlined integration solutions for healthcare organizations, today announced it has raised $4.5 million in seed funding led by Axioma Ventures LLC. The seed round also includes participation from Alex Jenkins, co-founding partner of Axioma Ventures; Hannibal Baldwin, Chief Financial Officer of Baldwin Beach Capital and Co-CEO of SiteZeus; and Jeffrey S. Wenger, M.D., a board-certified
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Parachute Health Nabs $9.5M for ePrescribing Platform for DME and Supplies
Parachute Health, a New York-based ePrescribing platform transforming the way patients receive the care they need to properly manage their health and recovery at home has raised $9.5 million in new funding led by Harley Miller and Dan Ahrens of Insight Venture Partners. The funding also included participation from GNYHA Ventures, the business arm of the Greater New York Hospital Association and Anthony Welters, formerly of UnitedHealth Group. The company plans to use the funding to expand
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Teladoc Acquires Global Virtual Care Provider Advance Medical for $352M in Cash and Stock
Virtual care provider Teladoc, today announced it has acquired Advance Medical, an international virtual care provider of telemedicine services across Europe, Asia, Latin America for $352 million cash and stock. Under the terms of the agreement, the purchase price consists of approximately $292 million in cash and $60 million of Teladoc common stock. With a broadened international footprint and the ability to offer an expanded set of clinical services worldwide, the combination creates the only
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Qardio Launches New Service for Doctors to Bill for Remote Care Monitoring, Increasing Revenue Opportunities
Qardio, a digital health company, announced a new service for remote monitoring that brings a smarter way for doctors to deliver non face-to-face patient care while increasing revenue opportunities with the new reimbursement CPT code 99091. This new service is powered by Qardio’s doctor platform, QardioMD, which automatically compiles and analyzes patient vitals such as blood pressure, ECG and weight recorded outside the doctor's’ office. With this service, doctors can now more easily be
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Oshi Health Launches All-in-One Mobile App for IBD Management
Oshi Health, Inc. today announced the release of Oshi, a digital tracking mobile app with all-in-one features for inflammatory bowel disease (IBD) management and wellness including symptom tracking, curated learning, and expert Q&A. Oshi is now available for download on the Apple App Store or Android Google Play.Currently, there is no known cause or cure for Crohn's disease (CD) or ulcerative colitis (UC), the two main forms of IBD. Both are marked by inflammation in the lining of the
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