Cernostics, a Pittsburgh, PA-based cancer diagnostics startup has raised $5 million in funding led by UPMC Enterprises, UPMC's venture capital arm with participation from Novitas Capital. The company plans to utilize the funding to accelerate the introduction of new diagnostic test for people with an esophageal condition called Barrett’s Esophagus that can lead to cancer. The latest round brings the company's total funding to date to $12.4M. Founded in 2008, Cernostics is an oncology diagnostics
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
SHYFT Analytics Lands $12.5M Backed by McKesson Ventures, Medidata
SHYFT Analytics, a provider of cloud data and analytics for the global life sciences industry has raised $12.5 million in Series B funding. SHYFT Management opted for an all strategic collaboration, which included investments from McKesson Ventures, Medidata Solutions and other healthcare and technology industry leaders. SHYFT will use the investment to continue its rapid growth and expansion and further advance its leading healthcare cloud analytics platform. Existing investors, Health
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Cordata Healthcare Lands Nearly $3M for Care Coordination Platform
Cordata Healthcare Innovations, a Cincinnati, OH-based provider of specialty care coordination platforms has landed nearly $3 million in Series A funding led by Chicago-based First Health Capital Partners (FHCP) with participation from CincyTech. The company plans to utilize the funding to build on market momentum and scale the capabilities of its multi-specialty platform for care coordination.Founded in 2014, Cordata Healthcare Innovations offers specialized software applications for effective
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Cardinal Health Quietly Acquires Telepharmacy Startup TelePharm
Healthcare services provider Cardinal Health quietly acquired TelePharm, a Iowa City-based telepharmacy startup in July for an undisclosed amount, according to The DesMoines Register. Founded in 2012 by Roby Miller, a University of Iowa graduate, TelePharm's cloud-based software helps pharmacies streamline workflow and communication in order to strengthen their patient relationships.Integration DetailsAs part of the acquisition, all of TelePharm's 18 employees including its founder will maintain
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Health2Sync Lands $3M to Expand Diabetes Management App in Asia
Taiwanese digital health startup Health2Sync has raised $3 million in Series A funding led by WI Harper Group; with participation from Cherubic Ventures, iSeed Ventures, and SparkLabs Global Ventures. The company plans to utilize the funding to expand product development and accelerate growth overseas in markets such as Japan, China, and Southeast Asia.Founded in 2013, Health2Sync mobile app available on Android and Apple revolutionizes diabetes care through automated care and analytics to help
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Zillion Nabs $28M to Expand Digital Patient Engagement Platform
Zillion, a Norwalk, CT-based digital health company has raised $28 million in Series C funding led by TwinFocus Capital Partners to expand its cloud-based digital patient engagement platform. Turning content, people-based services and programs into scalable digital products, Zillion enables companies to realize the true potential of mobile engagement and empower consumers to take control of their health.Zillion’s platform features face-to-face live video conferencing – including one-to-one,
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athenahealth Acquires Patient IO to Bring Mobile Care Coordination to Population Health
athenahealth has acquired Austin, TX-based Patient IO, a mobile care coordination platform that helps health systems transition into value-based care by better connecting them with patients between visits. Financial terms of the acquisition were not disclosed. Founded in 2013, Patient IO's mobile and web-based app helps health professionals create fully-customizable care plans that can be seamlessly delivered to patients outside the clinic. Patients receive treatment-specific tasks, reminders
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ClearCare Raises $60M to Expand Home Care Agency Platform
ClearCare, a San Francisco-based software platform for home care agencies has raised $60 million in growth-equity led by global investment firm Battery Ventures. The company plans to use the latest round to expand its core platform and explore new strategic partnerships. Founded in 2010, ClearCare's cloud-based platform helps agencies attract and retain customers, schedule and deliver care, and optimize their back offices. The company's end-to-end platform delivers these solutions through
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Australian Startup DoseMe Raises $2.6M for Precision Dosing
DoseMe, an Australian digital health startup has raised $2.6 million in Series A funding to expand its precision dosing platform. The company plans to utilize the latest round of funding to commercialize DoseMe in Australia, expand into the US and European markets and integrate with existing EMRs in key markets. Founded in 2012 by Dr Robert McLeay, the recent funding round was filled by Greg Spurgin and Gary Cunningham who co-founded an US outpatient orthopedic physical therapy company Results
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TreeHouse Health, Accenture Partner to Support Digital Health Startups
TreeHouse Health, a health innovation center that invests in emerging healthcare companies to help accelerate their growth, has team up with Accenture to provide guidance and insights to its growing roster of digital health startups.As part of its partnership as an anchor tenant, Accenture will assign some of its healthcare consultants to the TreeHouse Health facility in downtown Minneapolis to help TreeHouse Health evaluate new portfolio companies for future viability and advise and engage with
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