Genalyt, a San Diego, CA based startup has raised $36 million in funding led by Khosla Ventures and Redmile Group to expand its one-drop blood test platform, Maverick™ Detection System.Founded in 2007, the Theranos competitor leverages proprietary silicon chip containing arrays of photonic microring sensors to simultaneously analyze multiple proteins/biomarkers from minimal sample volume, which can be utilized inside physician offices by offering laboratory test results in under 15 minutes.In
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
MOCACARE Unveils FDA-Approved Wireless Blood Pressure Monitor
MOCACARE, a Silicon Valley based company has launched MOCACuff, a FDA-approved wireless blood pressure monitor that fits comfortably on the wrist. Priced at $69.99, MOCACuff is the second product in the MOCACARE line that makes it easy to incorporate blood pressure monitoring into your everyday routine and receive instant, actionable insights to improve your health.MOCACARE first product, MOCAheart device uses thumb scans to measure heart rate, blood oxygen levels, and pulse wave velocity - a
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Factom Lands Grant to Create Secure Medical Records using Blockchain
Factom, an Austin, TX-based blockchain technology company offering data management and record keeping support for business has received a grant from Bill & Melinda Gates Foundation to secure medical records that are persistent, readily available, and reliable. Founded in 2000, Bill & Melinda Gates Foundation Global Health Division aims to harness advances in science and technology to save lives in developing countries.Factom's blockchain technology builds globally distributed records
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Stasis Labs Lands $5M for Cloud-based Vitals Monitoring System
Stasis Labs, a Los Angeles, CA-based provider of cloud-powered vital monitoring system has raised $5M in seed financing led by RTP-HC, the healthcare-focused investment arm of RTP Ventures, with participation from Wonder Ventures, Techstars Ventures, and others. Founded in 2015, Dinesh Seemakurty got the idea for the startup after his grandfather was admitted to the hospital in India. His grandfather later prematurely passed away when doctors missed a deterioration in his vital signs due to a
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Cambia Health, Mosiac Health Partner to Launch Echo Health Ventures
Cambia Health Solutions and Mosiac Health Solutions have teamed up to launch Echo Health Ventures, a partnership that combines the proven digital health investment expertise of both organizations to scale funding in existing innovative solutions. Together, Echo Ventures will work to build successful new digital health companies to deliver value that is responsive to systems, providers and consumers. The healthcare system is facing a crisis – nearly 20% of Americans lack access to basic care and
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CareCloud Lands $31.5M for Cloud-based Practice Management EHR Platform
Cloud-based practice management EHR provider CareCloud has raised $31.5 million in Series C funding led by Blue Cloud Ventures with participation from The PNC Financial Services Group and First Data Corporation. The company plans to utilize the latest round of funding to scale its team and its clinical and revenue cycle management platform to help physician practices modernize the patient experience and deliver value-based care. CareCloud supports medical practices through a flexible and
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Kindly Care Launches Care Exchange to Find Right Home Care Agency
Kindly Care, a San Francisco, CA-based marketplace for senior care is announcing today the launch of Care Exchange, enabling home care agencies to collaborate with each other when recruiting, vetting, and training caregivers.Historically, home care agencies competed with each other for their caregivers, but the ever increasing shortage in caregivers is necessitating a more collaborative approach. With Care Exchange, agencies are able to refer caregivers into a shared pool database for all
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NexHealth Raises $1.5M for App-Based Patient Appointment Scheduling
NexHealth, a New York based developer of an app-based patient communication and appointment booking platform, has raised $1.5 million in seed funding led by iSeed Ventures. The digital health startup plans to utilize the funding to invest in growing its network of doctors and patients as well as product offerings. Founded in 2015 by Alamin Uddin, NexHeatlh's secure patient booking platform integrates with a physician practices' existing calendar to provide its patients access their office
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Zipline Lands $25M to Expand Automated Medical Drone Delivery
Zipline, a San Francisco-based drone delivery startup has raised $25 million in Series B funding led by Visionnaire Ventures, with participation from Sequoia Capital and Andreessen Horowitz. The latest round will allow it to expand its operations to new countries/territories across the world and brings Zipline’s total funding to $43 million. According to Zipline, more than two billion people lack adequate access to essential medical products, often due to challenging terrain and gaps in
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Revenue Cycle Management Vendor Recondo Lands $16M to Fuel Solutions Growth
Recondo Technology, a Greenwood Village, CO-based provider of cloud-based revenue cycle management solutions has raised $16 million in debt and capital funding led by Lehmi Ventures with Bridge Capital serving as the debt partner. The company plans to utilize the funding to support product development investments, particularly in areas of API-enabled revenue cycle content, expanded claims statusing, and authorization automation—all solutions designed to measurably improve financial
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