Insulin adherence remains a significant challenge with approximately 62 percent of patients discontinuing insulin in the first three months and 82 percent in the first year. To resolve this challenge, Common Sensing and Welkin Health have partnered to develop an innovative new program aimed at improving insulin adherence for people living with diabetes. A first-of-its-kind initiative, the program will combine insulin dosing data, wirelessly transmitted from Common Sensing’s Gocap™, real-time
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
McKesson to Acquire Prior Authorization Network CoverMyMeds for $1.1B: 5 Things to Know
On late Wednesday, McKesson has agreed to acquired Columbus, OH-based CoverMyMeds, the nation’s largest prior authorization (PA) network for $1.1 billion. Founded in 2008, CoverMyMeds’ electronic prior authorization (ePA) service automates and accelerates the prescription approval process, which otherwise is manual and time consuming. By ensuring appropriate access to medications, CoverMyMeds helps customers avoid administrative waste and unnecessary medical spending caused by prescription
Read More
KenSci Nabs $8.5M to Develop Machine Learning Apps for Healthcare
KenSci, a Seattle-based digital health startup building the world’s first vertically integrated machine learning platform for healthcare has raised $8.5 million in Series A funding led by Ignition Partners with participation from Osage University Partners and Mindset Ventures. The company plans to utilize the funding to scale its machine learning platform for predictive risk management and expand operations to support the company’s rapidly growing customer base.Incubated at the University of
Read More
Cedars-Sinai + Techstars Healthcare Accelerator Unveils Second Class of 8 Digital Health Startups
Techstars Healthcare Accelerator, in partnership with Cedars-Sinai, today announced that 8 companies have been selected to participate in its second class. From artificial intelligence to new devices and disruptive services, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program.The three-month accelerator will offer mentorship and guidance from clinicians & administrators at Cedars-Sinai,
Read More
Pfizer Pumps $9M Into Swedish Digital Health Firm AMRA to Abolish Outdated BMI with Precision Measurements
Pharmacy giant Pfizer has invested $9 million in AMRA, a Swedish digital health firm that transforms MR images into precise body composition measurements through its venture capital arm, Pfizer Venture Investments (PVI) co-led by Novo Seeds with participation from Industrifonden. The company plans to utilize the funding to further build its global presence and grow its network among researchers and pharmaceutical companies.Additionally, it has plans to establish a US subsidiary and expand its
Read More
New York Digital Health Accelerator Showcases 6 Digital Health Startups at Demo Day
On Tuesday, the New York Digital Health Accelerator (NYDHA) – a five month program showcased six early and growth-stage digital health startups for healthcare providers and patients in the areas of care coordination, patient engagement, and workflow improvement. Each startup received $100k in up-front funding per company from a syndicate of leading venture capital and strategic investors.The Demo Day event marks the culmination of the five month program run by the Partnership Fund for New York
Read More
Former Epic Engineers Raises $9M for EHR Integration API to Support Health IT Interoperability
Redox, an EHR integration API platform for developers and healthcare organizations has raised $9 million in Series B funding led by RRE Ventures with participation from existing investors .406 Ventures, HealthX Ventures, and Flybridge Capital Partners. The Madison, WI-based company plans to utilize the latest round of funding to accelerate its product roadmap along the way to building the industry standard platform for seamless interoperability between health technology developers and health
Read More
GetWellNetwork Acquires Mobile Patient Platform Seamless Medical Systems
GetWellNetwork®, Inc., a provider of Interactive Patient Care™ (IPC) solutions has acquired Santa Fe, New Mexico-based Seamless Medical Systems. The acquisition of Seamless extends GetWellNetwork's fully integrated cross-continuum patient engagement platform to more than 150 clinics nationwide. Financial details of the acquisition were not disclosed. Founded in 2011, Seamless Medical Systems streamlines the patient journey through integrated digital patient intake and communications solutions
Read More
Clinical Research IO Lands $1.6M for Clinical Trials Platform
Clinical Research IO (CRIO), a Cambridge-based digital health startup has raised $1.6 million in seed funding to further develop its e-source system for clinical research sites led by NXT Ventures and Rally Ventures. The latest round follows the company's first seed round of $800k. The round also included investments from its officers, a group of angel investors, and a number of industry investors, including several early customers. Sankesh Abbhi, a clinical research entrepreneur, is among the
Read More
Health IT VC Funding Tops $5.6B in 2016: 10 Things to Know
Health IT VC funding set a new milestone in 2016 as it eclipsed $5 billion in 622 deals, compared to $4.6 billion raised in 2015 in 574 deals, according to that latest report from Mercom Capital Group. The report finds that total corporate funding in health IT companies - including debt and public market financing (plus IPOs) from a total of 1,115 investors (including accelerators/incubators) - came to $5.6 billion in 2016, a drop of 30 percent compared to $8 billion in 2015.Since 2010, the
Read More
