Caredox, a NYC-based digital health startup that improves children’s health with technology by efficiently connecting schools, families, and healthcare providers has raised $6.4 million in Series A funding led by Digitalis Ventures with participation from First Round Capital, Giza Venture Capital, TEXO Ventures, and Prolog Ventures. The company plans to utilize the latest funding to expand to continue to accelerate adoption of the company’s student-based EHR platform for K-12 public schools and
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Why Today’s Digital Health Venture Model Is Broken
Echo Health Ventures’ Matthew Karls explains how his new healthcare investment company is breaking the mold and why that’s a good thing for startups.Today’s digital health venture model is broken. That statement seems bold and contradictory to the fervor and flourish of funding that has poured into the space recently. However, most health-tech startups are predicted to fail within the first two years of operation—why?In 2014, venture funding in digital health smashed records surpassing $4.1
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New Jersey Innovation Institute to Launch Ideation Center for Digital Health Innovation
The New Jersey Innovation Institute (NJII) is partnering with Hackensack Meridian Health to launch a healthcare Ideation Center to support digital health innovation. The Ideation Center, located in Newark on the NJIT campus, will help create and launch the next wave of healthcare technology, products and services. The center will be run through NJII’s Healthcare Delivery Systems iLab that specializes in pairing New Jersey’s top innovators with companies whose mission is to change the face of
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Kinsa Closes $17M in Financing to Develop Additional Digital Health Products
Kinsa, the company behind the world’s first FDA-cleared smartphone-connected thermometer has closed $17 million in additional financing from GSR Ventures, Kleiner Perkins Caufield Byers, FirstMark Capital and others. The funds will be used to develop additional smart products and services to further Kinsa’s mission to better track and stop the spread of illness. Features such as wellness tips, real-time fever guidance, medication reminders, connection to physicians, local health information and
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TruClinic Acquires Healthcare Automation Intelligence Startup Overl.ai
TruClinic Inc., a provider of web-based telemedicine solutions for providers and organizations has acquired Overl.ai Inc., a New York-based healthcare automation intelligence startup. Once the acquisition closes, the integrated product offering will improve patient intake experience and strengthens EHR integration capabilities of the TruClinic telehealth platform. Financial terms of the acquisition were not disclosed.“Ensuring an intuitive, user-friendly patient experience is paramount to a
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Impact Pediatric Health Unveils 10 Finalists for Startup Pitch Competition at SXSW
Impact Pediatric Health, a startup pitch competition held annually at SXSW dedicated to showcasing and supporting the best pediatric healthcare innovations has announced the ten startup company finalists who will compete March 13 for one of two $15,000 prizes. The ten finalist startup CEOs will have three minutes to pitch how their company is solving unique health care needs of children, from babies to teens.Eight leading U.S. Children’s Hospitals – Children’s Healthcare of Atlanta, Boston
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Medisafe Nabs $14.5M to Scale Personalized Medication Management Platform
Medisafe, the leading personalized medication management platform with almost three and a half million patient and caregiver registered users announced that it has raised $14.5 million in Series B funding from Octopus Ventures and M Ventures. Other investors participating from previous rounds include Pitango Venture Capital, 7wire ventures, lool Ventures, TriVentures, Qualcomm Ventures and Eyal Gura. The company plans to use the funding to increase sales, marketing and engineering staff and open
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GRAIL Lands $900M for Early Cancer Detection
GRAIL, Inc., a life sciences company whose mission is to detect cancer early when it can be cured, today announced it has raised $900 million in Series B funding led by ARCH Venture Partners with participation from Johnson & Johnson Innovation, Amazon, Bristol-Myers Squibb, Celgene, McKesson Ventures, Merck (known as MSD outside the United States and Canada), Tencent Holdings Limited and Varian Medical Systems, Inc. GRAIL intends to close the remainder of the Series B investment prior to the
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What Does the Current State of Digital Health Adoption Tell Us About Its Future in Healthcare?
What do today’s indicators of digital health adoption tell us about its future in healthcare? Rock Health’s Ashlee Adams weighs in.Digital consumption is at an all-time high. The trends that have more people looking down at their screens may indicate things are looking up for those in healthcare—why? Well, for one thing, increased digital use could help cut costs and create greater efficiencies and access to health services for organizations and patients alike. That’s been the speculative hope
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Mercom: Top Funded Health IT Technologies Since 2010
mHealth Apps ($2.7B), wearables ($1.6B), telemedicine ($1.5B), data analytics ($1.4B), scheduling/appointment booking ($1.2B), clinical decision support ($998M), wellness ($889M), mobile/wireless ($885M), and practice management solutions ($818M) is the top funded health IT technologies since 2010, according to Mercom's Annual and Q4 2016 Healthcare IT Funding and M&A Fact Sheet. Mercom’s comprehensive report covers healthcare IT and digital health deals of all sizes across the globe.Since
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