Healthcare IT VC funding topped $1.25 billion in 177 deals in Q3 2016 compared to $1.6 billion in 140 deals in Q2 2016, according to the latest report from Mercom Capital Group. The report, Q3 2016 Healthcare IT / Digital Health Funding and M&A Report reveals that overall funding is on pace to eclipse 2015’s total and the trend from last quarter continued as there was again increased funding activity in Healthcare IT outside of the United States, especially in China. Here are ten key trends
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Contessa Health Lands $7M for Evidence-Based Clinical Model
Contessa Health, Inc., a Nashville, TN-based provider of episodic risk arrangements and home hospitalization programs has $7 million in funding led by Noro-Moseley Partners. The round also included participation from existing investors BlueCross BlueShield Venture Partners, Martin Ventures and Sandbox Advantage Fund, as well as new investors, Nashville Capital Network and the Marshfield Clinic Health System. The startup plans to utilize the latest funding round to scale its operations to expand
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Iora Health Nabs $75M to Expand Relationship-Driven Primary Care Clinics
Iora Health, a Boston, MA-based health system that aims to deliver relationship based primary care, raised $75 million in Series D funding led by Singapore-based Temasek. The Series D round also included participation from from existing investors .406 Ventures, Flare Capital Partners, F-Prime Capital, GE Ventures, Khosla Ventures, Polaris Partners, and Rice Management Company. The company plans to utilize the funding to expand into new markets and invest further development of its proprietary
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Healthcare is Riddled With Throwing Tech on Top of Broken Processes
Co-founder of Healthfundr’s Quad Aim Fund Dave Chase talks about healthcare moving beyond the Triple Aim, and why it’s imperative health-tech developers and investors follow suit.It’s time to let go of the status-quo. That may sound like a great slogan for a t-shirt, but it’s more like a resounding battle cry for U.S. healthcare at large. Patients, providers, health-tech developers and investors need to recognize the failings of today’s system to prompt and promote real change—and it’s going to
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Seniorlink Raises $7.5M for Collaboration Platform for Caregivers
Seniorlink, a Boston, MA-based provider of a coaching and collaboration platform for caregivers has raised $7.5m in funding led by NewSpring Capital. The company plans to utilize the latest funding round expand development of its coaching and collaboration platform, Vela. Founded in 2000, Seniorlink supports family caregivers by expanding the choices available for those in need of care and support. In 2005, the Company introduced Caregiver Homes, an in-home care model that empowers and
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Kindly Care, the Uber for Caregivers, Launches With $3.1M in Funding
Digital health startup Kindly Care has officially launched today with $3.1 million in seed funding to expand its self-service care management platform, which provides private employers with the tools and services that are typically reserved for agencies and hospitals. The funding was led by MHS Capital, with participation from Floodgate and Jackson Square Ventures. Kindly Care will use the funds to grow its unique suite of tools and services that empower families to be more in charge of the
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Welltok Nabs $33.7M for CaféWell Health Optimization Platform
Health optimization platform Welltok has raised $33.7 million in Series E funding with participation from new and existing investors including securing a a new debt facility providing the company with $13 million of expanded borrowing capacity. The company plans to utilize the funding to accelerate development of its CaféWell Health Optimization Platform™ and complementary technology-enabled healthcare service offerings, as well as expansion into new market segments. The latest round brings the
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UPMC Makes Strategic Investment in Predictive Analytics Startup RxAnte
UPMC Enterprises, the commercialization arm of University of Pittsburgh Medical Center has acquired all of Millennium Health’s interest in predictive analytics startup RxAnte. Financial terms of the deal were not disclosed. As part of the deal, RxAnte will continue to operate as an independent company led by its existing management team. Founded in 2011, RxAnte’s technology and clinical services enable its clients to improve clinical care quality and avoid unnecessary costs. UPMC Enterprises
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MTBC Acquires Revenue Cycle Management Company MediGain
MTBC, a provider of proprietary, web-based EHRs, practice management and mHealth solutions has acquired the assets of MediGain, a Plano, TX-based revenue cycle management company. The acquisition of MediGain assets includes customer accounts, intellectual property, and offshore operations in India and Sri Lanka.Founded in 2002, MediGain provides revenue cycle management solutions and analytics for the healthcare industry in the United States and internationally. The company offers services in
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Kaonsoft, ProMedica Form Joint Venture to Develop Digital Health Apps
ProMedica, one of Ohio's largest healthcare systems, is teaming up with enterprise mobility software company Kaonsoft, to form Kapios Health, a healthcare technology company that will focus on the development of digital health apps created by ProMedica Innovations inventors.Through the joint venture, Kapios Health will utilize the flexible Kaonsoft Enterprise Mobility Platform™ to build and deploy digital health apps with minimal configuration and without the additional effort or expense of
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