Assurex Health, Inc., a commercial-stage, informatics-based precision medicine company providing treatment decision support to healthcare providers for behavioral health and chronic pain conditions, has secured an additional $15 million in equity funding.
Assurex Health’s proprietary technology is based on pharmacogenomics— the study of the genetic factors that influence an individual’s response to drug treatments—as well as evidence-based medicine and clinical pharmacology. The GeneSight
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
OrbiMed Launches $950M VC Fund
OrbiMed, a leading investment firm focused on the healthcare sector, announced the closing of its next venture capital fund, OrbiMed Private Investments VI, LP, with $950 million in limited partner commitments. Investors in the fund include some of the preeminent medical research institutions globally, along with leading endowments, foundations and sovereign wealth funds.
Consistent with its predecessor funds, the new fund will invest in all stages and sectors of the healthcare industry, with
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WellDoc Pulls In $22M To Accelerate Mobile Prescription Therapy Adoption
Digital health technology company WellDoc today announced $22 million in Series B funding led by Samsung Ventures and Merck Global Health Innovation (GHI) Fund serving as co-lead. Other participants in the round include Adage Capital Management, Excel Venture Management, Alexandria Venture Investments and Hudson River Capital Partners LLC.
Welldoc plans to utilize the funding to continue commercialization and accelerate adoption of its flagship product, BlueStar, a FDA cleared mobile
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Chiron Health Nabs $2.3M to Get Physicians Fully Reimbursed for Telehealth Visits
Telemedicine software and reimbursement services provider Chiron Health has $2.3 million in seed funding to bring a robust set of telemedicine tools to physician practices. Chiron Health is the only platform designed to get physician practices fully reimbursed for secure video visits covering both Medicare and Medicaid as well as private payers. Through their extensive knowledge of telemedicine regulation and reimbursement, the company guides practices through the complexities of telemedicine.
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Castlight Health Talks Where Predictive Analytics Is Heading in 2016
It’s been hailed as the next “big thing” in healthcare. Predictive analytics promises to aid in every aspect, from creating administrative efficiencies to improving outcomes. But beyond the algorithmic buzz, predictive analytics isn’t just going to help providers make better decisions, according to Castlight Health’s Chief R& D Officer, Jonathan Rende.
Turns out, predictive analytics has the potential to reveal a lot more for patients, including the competitive costs of procedures and how
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Kaiser Permanente Ventures Pumps $10M into Vidyo for Telehealth
Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente has invested $10 million in high quality visual communications Vidyo for telehealth and video collaboration. The Vidyo funding round also includes $5M from existing investors, for a total of $15M follow-on round of funding. The company will use the funds to accelerate growth in vertical markets.
The VidyoWorks platform has a FIPS 140-2 certified crypto-kernel, providing HIPAA-compliant encryption, and a rich
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Rock Health Releases 2015 Digital Health Funding: 11 Trends to Know
Rock Health, provider of full-service funding to promising entrepreneurs breaking into healthcare has released their Digital Health Funding: Year in Review 2015 Report, an in-depth analysis report of all digital health funding in 2015. The report found digital health funding in 2015 surpassed $4.3B, up from $4.1B in 2014. This represents 278 deals across 248 companies, closing with a new record average deal size of $15.6M.
The report produced by Halle Tecco, Mara Perman, Teresa Wang, Emily
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Edumedics Raises $4.2M to Expand Care Management Platform
Louisville, KY-based care management company Edumedics has raised $4.2 million in Series A financing led by Lunsford Capital. The round was joined by Chicago-based OCA Ventures and syndicate of angel investors and seed funds. Among them: Entrepreneur and Chrysalis Ventures Co-founder Doug Cobb, Enterprise Angels Fund, and 13 individuals geographically dispersed from Chicago to Florida.
The funding will be used to expand to other states from its core populations in Kentucky and
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Health Tech Incubator MATTER Adds 20 New HIT Startups
Chicago based health tech incubator MATTER has added twenty more startups to its membership bringing its total to 115 companies. Since its inception, MATTER has now more than doubled its number of companies since it launched, connecting entrepreneurs, scientists, physicians, investors in the health IT space.
The incubator recently launch the AMA Interaction Studio at MATTER designed to facilitate connections between entrepreneurs and physicians. The studio will allow entrepreneurs to
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Illumina Accelerator Unveils Third Cycle of Genomics Startups
Illumina Accelerator, a business accelerator focused solely on creating an innovation ecosystem for the genomics industry—has selected four new investments from its third funding cycle.
During the six-month Accelerator funding cycle, each startup will gain access to business guidance and fully operational lab space in the San Francisco Bay Area, as well as seed investment, a subscription to Illumina’s NextBio translational genomics database, Illumina’s Genologics Clarity LIMS software, access
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