Redox, an EHR integration API platform for developers and healthcare organizations has received $1 million in strategic follow-on funding from Intermountain Innovation Fund, a strategic investment vehicle of Intermountain Healthcare. The additional $1 million closes the company's Series B round to $10 million. The Intermountain Healthcare Innovation Fund is managed by Healthbox , a platform for healthcare innovation and entrepreneurship that works with healthcare organizations to advance their
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
OM1 Raises $15M to Expand Healthcare Outcome Analytics Platform
OM1(formerly known as Better Outcomes), a Boston, MA-based healthcare outcome analytics company has raised $15M in Series A funding led by General Catalyst with participation from Glikvest, 7wire Ventures and Wanxiang Healthcare Investments. The company plans to utilize the funding to build out its tech platform that leverages big data and artificial intelligence (AI) to provide stakeholders with an analytics platform to have a holistic view and better understanding of real-world healthcare
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Intermedix Acquires WPC Healthcare to Optimize Revenue Cycle Through Predictive Analytics
Intermedix Corporation, a provider of data analytics and cloud-based technology has acquired healthcare data analytics provider WPC Healthcare. The Nashville, TN-based data analytics company uses machine learning to make predictions about health care conditions providing early notification to health care providers and, ultimately, saving lives while decreasing costs. Financial details of the acquisition were not disclosed. In 2015, Intermedix announced the creation of its analytics business
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Insurtech Startup Wellthie Raises $5M to Become The Zillow for Small Business Health Insurance
Wellthie – an insurance technology company offering leading broker and comparison shopping tools that simplify insurance distribution and optimize choices for small businesses and individuals, has raised $5 million in Series A funding. The round was led by IA Capital Groupwith participation from existing and new investors, including Aflac Ventures and top insurance industry executives. The company plans to use the funds to accelerate its nationwide growth and product development. Andy Lerner,
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Rock Health: Digital Health Funding Tops Over $1B in Q1 2017
Digital health funding reached over $1B across a total of 71 digital health deals in Q1 2017(49% above Q1 2015 and 23% below Q1 2016), according to Rock Health, a full-service venture fund dedicated to digital health. In a blog post, Rock Health reveals that despite any regulatory uncertainty around the repeal of the Affordable Care Act (ACA), it’s been business as usual for digital health funding. Providers and health plans are delaying expenditures based on this uncertainty, yet founders
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Carbon Health Raises $6.5M to Launch Its Mobile Connected Healthcare Network
After quietly testing its mobile healthcare network, San Francisco-based Carbon Health has raised $6.5 million in funding to launch its mobile-based connected healthcare network. The funding round was led by BuildersVC with participation from Javelin Venture Partners, Two Sigma Ventures and Bullpen Capital among others and prominent angel investors including Aaron Patzer, Elad Gil and Russ Fradin.The company plans to utilize the funding to accelerate the development of its platform and rolling
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The New Walking Dead: Why 98% of Health Tech Startups Are Zombies
Health investor and entrepreneur Dave Chase says 98 percent of health tech startups are zombies right now—but the Quadruple aim could help some rise from the ashes to begin anew.Billions in venture capital (VC) funding may have poured into digital health over the last few years (more than $4.5 billion in 2015 alone), but it looks like many startups may have bitten off more than they can chew, and as a result, imminently face biting the dust before reaching profitability. At least, that’s the
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Samsung Integrates with MedyMatch’s A.I. Platform to Improve Stroke Assessment in Ambulances
Samsung NeuroLogica Corporation has announced an collaboration with Tel Aviv-based startup MedyMatch to integrate its MedyMatch’s A.I.-based clinical decision support app with Samsung NeuroLogica's medical imaging hardware in the acute care marketplace. This collaboration will create support tools which provide a second read capability to help caregivers quickly and accurately assess patients in prehospital environments. The announcement marks the Israel-based company traction following its
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Resolve Digital Health Lands $5M to Launch First Smart Inhaler for Medical Cannabis
Resolve Digital Health, a Toronto, Canada-based digital health startup has raised $5 million in Series A funding led by Aphria Inc to launch the world's first smart inhaler for medical cannabis to help patients suffering from cancer, arthritis, migraine headaches, chronic pain and other diseases. The latest round marks the next phase in the company's development with the upcoming California launch of their debut medical device system, Breeze this spring at exclusive dispensary partners in
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Cognoa Lands $11.6M for Machine Learning App to Advance Diagnosis of Autism
Cognoa, a Palo Alto, CA-based digital health startup has raised $11.6 million in funding led by existing investor Morningside to advance earlier diagnosis of development delays in children. The company plans to utilize the funding to advance Cognoa's machine-learning-based technology; support additional clinical validation and the U.S. Food and Drug Administration (FDA) submissions and approvals process; and expand commercialization with employers, payers and clinicians. Cognoa has raised a
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