Cedar, the patient financial management platform for hospitals, health systems and independent medical groups, today announced a Series B fundraising round of $36 million, led by the global investment company Kinnevik. Participants in the round include existing investors Founders Fund and Thrive Capital, as well as Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health. Cedar plans to use the funding to further invest in the next generation of its innovative
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
HSBlox Unveils Healthcare Blockchain Referral Management Solution
HSBlox, a technology company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its Advanced Referral Manager (ARM) solution, which utilizes blockchain technology to automate the referral administration process, resulting in decreased network leakage, time and money savings for payers and providers, and enhanced patient care.Current market challenges reveal high costs and manual processes associated with referral administration,
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Medalogix Deploys New Predictive Analytics Predictive Analytics for Home Health Utilization
Nashville-based healthcare data science company, Medalogix, announced today its newest product, Medalogix Care. This home health utilization management solution leverages predictive analytics and optimization technology to provide guidance on patient care plans to healthcare providers, based on the historical analysis of millions of patient records, care plans and outcomes. The announcement comes after Vanderbilt University Medical Center’s Health Economists peer-reviewed Medalogix’s models and
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Partners Healthcare Taps Circulation to Bring On-Demand Medical Transportation to Patients
Circulation Health, a on-demand medical transportation exchange that coordinates transportation logistics for health organizations, today announced an agreement with Partners Healthcare, an integrated, not-for-profit health system with facilities in Massachusetts and New Hampshire.As part of the collaboration, Partners will utilize Circulation's on-demand ride technology, which interfaces with Lyft, to move patients to and from their appointments. The relationship also allows for expansion to
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DreaMed Diabetes Granted FDA Approval for Personalized Diabetes Decision Support Solution
DreaMed Diabetes, an Israeli-based developer of personalized diabetes management solutions, today announced that the U.S Food and Drug Administration (FDA) has granted a De Novo request for DreaMed Advisor Pro, an artificial intelligence (AI)-based diabetes treatment decision support software. Advisor Pro is indicated to assist healthcare providers in the management of people with type 1 diabetes who use insulin pumps and continuous glucose monitoring (CGM).The announcement marks the second
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Report: Digital Health Market to Reach $379B by 2024
Digital health market is expected to reach $379B, representing to register a CAGR (compound annual growth rate) of 26% over 2017-2024, according to a recent Global Market Insights report. The recent decades have witnessed an augmented development in terms of technology – a trend that has propelled digital health market to traverse a path of exponential growth.In the present healthcare industry scenario, a patient can schedule an appointment with the doctor, seek medical advice, view medical
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Valencell Nabs $10.5M to Expand Wearable Biometric Sensor Technology
Valencell, a Raleigh, NC-based developer of wearable biometric sensor technology, has raised $10.5M in Series E financing led by Sonion with participation from existing investors TDF Ventures, GII LLC, and WSJ Joshua Fund. The startup plans to utilize the funding to expand its biometric sensor technology and team. The latest round brings the total amount of funding raised to date to $35 million.Many people think you can create accurate biometric wearable devices by piecing together some LED’s,
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BioTel Care Unveils Next-Gen Wireless Blood Glucose Monitor for Diabetes Management
BioTel CareTM (formally known as Telcare), a BioTelemetry company has announced the release of its next-generation wireless blood glucose monitor for diabetes management. BioTel Care developed the first FDA-cleared, cellular-enabled glucometer which supports real-time transmission and consolidation of patient data in an FDA-cleared cloud. Building on the success of this technology, BioTel Care is launching its next-generation blood glucose monitor, which includes an innovative touch-screen user
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Telehealth App Medici Lands $22M to Re-imagine the Doctor-Patient Relationship
Medici, an Austin, TX-based digital health startup focused on the future of doctors and patients has raised $22 million in Series A funding from individual investors including executives from well-known global companies such as Citadel, Dell, Publix, and Starwood Capital. The latest round brings the total amount of funding raised to date to $46.6 million.Today’s doctors are buried with regulatory requirements, administrative hurdles and downward pressure on their own costs to run their
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Benchling Raises $14.5M for Biologics Platform to Streamline R&D for Scientists, Researchers
Benchling, a San Francisco, CA-based biologics platform for scientists, research managers, and executives to streamline and track R&D from discovery to bioprocessing, today announced it has raised $14.5M in Series B funding led by Benchmark. The round also included participation from from F-Prime Capital, a global venture capital firm associated with Fidelity Investments, and returning investor Thrive Capital. Benchling plans to utilize the funding to accelerate product development and
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