Cytox, a precision medicine company focused on commercializing polygenic risk scoring (PRS) approaches for assessing genetic risk for developing Alzheimer’s has entered into a research collaboration with Mayo Clinic to test current and develop new proprietary algorithms relating to the diagnosis and prognosis of Alzheimer’s disease. Under the agreement Cytox will assess genetic risk for developing Alzheimer’s disease using its current commercially available approaches developed to run on the
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Iora Health Lands $100M for Relationship-Driven Primary Care Model
Iora Health, a Boston, MA-based value-based primary care provider focused on Medicare has raised $100 million in Series E funding from global investors including .406 Ventures, Devonshire Investors, F-Prime Capital, Flare Capital Partners, GE Ventures, Humana, Khosla Ventures, Polaris Partners and Temasek. The company plans to utilize the funding to expand operations and invest further development of its proprietary collaborative care IT platform, Chirp that enables Iora's teams to care for
Read More
Hinge Health Study: Exercise Therapy with Wearable Sensors Improves Chronic Knee Pain by 61%
Hinge Health, a Silicon Valley-based digital health company, today announced the results about the first clinical study, published April 2018 in the Journal of Medical Internet Research demonstrates that a mobile-first, at-home exercise therapy and behavioral coaching solution improves outcomes for chronic knee pain by 61% and elective surgeries by 63% without opioids or surgery (N=162). A cost-benefit analysis estimates that the study’s employer saved $438,000 in avoided surgeries across the
Read More
In-Home Care Startup Honor Lands $50M to Grow Network of Home Care Agencies
Honor, an in-home care startup has raised $50 million in Series C funding led by Naspers Ventures, with participation from existing investors, bringing the company’s total funding amount to $115 million. The latest round comes as the larger healthcare industry is increasingly recognizing non-medical home care as a vital component to value-based care. In April, the Centers for Medicare and Medicaid Services announced that Medicare Advantage plans will be able to cover non-medical home care
Read More
DAS Health Lands $6M to Accelerate Company Acquisition Strategy
DAS Health, a Tampa, FL-based provider of health IT and management solutions, has secured a $6 million in facility financing through Fifth Third Bank to be used primarily for future acquisitions and growth. DAS recently completed its fifth acquisition in a three-year time span, each using only DAS’ own internal operating cashflow. DAS Health’s excellent track record of success in integrating services and staff has led to continued expansion, allowing the company to provide existing clients with
Read More
Luma Health Raises $6.33M for Patient-Provider Communications Platform
Luma Health, a San Francisco, CA-based smart patient-provider communications platform, today announced it has completed a $6.33 Million round of Series A funding led by U.S. Venture Partners along with continued participation from the Stanford-StartX Fund and existing investors. Luma Health plans to used the latest round of funding to extend its go-to-market operation, including sales and marketing, while also expanding its engineering team to support the company’s growing product roadmap. The
Read More
Eye Care Telemedicine Startup Simple Contacts Raises $16M for Tech-Enabled Prescription Lenses
Simple Contacts, a New York City-based telemedicine startup for eye care has raised $16 million in funding led by Waypoint Capital Partners, with participation from returning investors Goodwater Capital, Steven Cohen, executives from Flatiron Health and a number of the nation’s top ophthalmologists. The company plans to use the new funding to invest in marketing and customer service, open new offices, and eventually expand the business to address additional healthcare categories. The latest
Read More
Gender Parity Remains Elusive in Health IT, Despite Recent Progress
Chasm Partners, a leading executive search firm in the healthcare technology and services space, recently convened a roundtable discussion to evaluate the state of gender parity in the healthcare IT space, as well as explore the benefits that gender diversity creates for health organizations. The discussion revealed gender parity is most effective when it’s a component of broader, organization-wide cultural change and women must known their own value to effectively become their own advocates of
Read More
CipherHealth Raises $37.5M to Expand Patient Engagement Platform
CipherHealth, a NYC-based patient communication, engagement and care coordination software company today announced that it has received a significant strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software companies. Since 2009, CipherHealth's integrated solutions have enabled providers across the care continuum to improve patient communication and care coordination with the latest technologies. With each technology, the company delivers highly
Read More
Philips, AHA & UPMC Launch $30M Fund to Spur Health Innovation in Heart Disease and Stroke Care
Philips, American Heart Association (AHA) and UPMC’s announcement to launch Cardeation Capital, a new $30 million venture fund designed to spur healthcare innovation in heart disease and stroke care. With cardiovascular disease costs projected to exceed $1 trillion by 2035, this initiative will play a critical role in transforming care for a healthier, less costly tomorrow.The fund will be managed by Aphelion Capital where each company has committed $10 million and will work together to identify
Read More
