Axial Healthcare, Inc., a pain care solutions company has raised $16.5 million in Series B funding led by Oak HC/FT, a venture growth-equity fund investing in healthcare services. 406 Ventures, BlueCross BlueShield Venture Partners, and Sandbox Advantage Fund, also participated in this latest round of financing. The company will utilize the funding to further drive expansion of axial’s suite of pain management capabilities, including a cloud-based, provider decision-support platform for pain
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Propeller Health Lands $21.5M to Modernize Respiratory Disease Management
Propeller Health, a digital solution for respiratory medicine has raised $21.5 million in Series C funding from 3M Ventures, S.R. One, Limited, Hikma Ventures and existing investors Safeguard Scientifics and Social Capital. The round also includes participation from existing investors Safeguard Scientifics and Social Capital. The company plans to utilize the funding to expand Propeller’s FDA-cleared digitally-guided therapy platform. Despite an abundance of effective medications, the burden of
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Heal Lands $26.9M for Mobile On-Demand Doctor House Calls
On-demand doctor house call service provider Heal has raised $26.9 million in Series A funding led by the Tull Investment Group. The round also includes participation from Breyer Capital, Qualcomm executive chairman Paul Jaobs, and Skydance Media chief executive David Ellison, along with early investors Hashtag One and Slow Ventures.Heal plans to utilize the funding to improve its back-end technology and expand its marketing efforts to reach more patients and to bolster its roster of
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Science 37 Raises $31M to Expand Virtual Clinical Trail Model
Science 37, Inc., a LosAngeles-based mobile technology and clinical trial startup that focuses on the development of networked patient-centric models for clinical research has raised $31 million in Series B funding led by Redmile Group. The Series B round also includes participation from Series A lead investors Lux Capital and dRx Capital, as well as a strategic investment from Sanofi Genzyme BioVentures. As part of the strategic investment, Sanofi’s international clinical trial development
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Healthcare IT VC Funding Tops $1.25B in Q3 2016: 10 Trends to Know
Healthcare IT VC funding topped $1.25 billion in 177 deals in Q3 2016 compared to $1.6 billion in 140 deals in Q2 2016, according to the latest report from Mercom Capital Group. The report, Q3 2016 Healthcare IT / Digital Health Funding and M&A Report reveals that overall funding is on pace to eclipse 2015’s total and the trend from last quarter continued as there was again increased funding activity in Healthcare IT outside of the United States, especially in China. Here are ten key trends
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Contessa Health Lands $7M for Evidence-Based Clinical Model
Contessa Health, Inc., a Nashville, TN-based provider of episodic risk arrangements and home hospitalization programs has $7 million in funding led by Noro-Moseley Partners. The round also included participation from existing investors BlueCross BlueShield Venture Partners, Martin Ventures and Sandbox Advantage Fund, as well as new investors, Nashville Capital Network and the Marshfield Clinic Health System. The startup plans to utilize the latest funding round to scale its operations to expand
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Iora Health Nabs $75M to Expand Relationship-Driven Primary Care Clinics
Iora Health, a Boston, MA-based health system that aims to deliver relationship based primary care, raised $75 million in Series D funding led by Singapore-based Temasek. The Series D round also included participation from from existing investors .406 Ventures, Flare Capital Partners, F-Prime Capital, GE Ventures, Khosla Ventures, Polaris Partners, and Rice Management Company. The company plans to utilize the funding to expand into new markets and invest further development of its proprietary
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Healthcare is Riddled With Throwing Tech on Top of Broken Processes
Co-founder of Healthfundr’s Quad Aim Fund Dave Chase talks about healthcare moving beyond the Triple Aim, and why it’s imperative health-tech developers and investors follow suit.It’s time to let go of the status-quo. That may sound like a great slogan for a t-shirt, but it’s more like a resounding battle cry for U.S. healthcare at large. Patients, providers, health-tech developers and investors need to recognize the failings of today’s system to prompt and promote real change—and it’s going to
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Seniorlink Raises $7.5M for Collaboration Platform for Caregivers
Seniorlink, a Boston, MA-based provider of a coaching and collaboration platform for caregivers has raised $7.5m in funding led by NewSpring Capital. The company plans to utilize the latest funding round expand development of its coaching and collaboration platform, Vela. Founded in 2000, Seniorlink supports family caregivers by expanding the choices available for those in need of care and support. In 2005, the Company introduced Caregiver Homes, an in-home care model that empowers and
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Kindly Care, the Uber for Caregivers, Launches With $3.1M in Funding
Digital health startup Kindly Care has officially launched today with $3.1 million in seed funding to expand its self-service care management platform, which provides private employers with the tools and services that are typically reserved for agencies and hospitals. The funding was led by MHS Capital, with participation from Floodgate and Jackson Square Ventures. Kindly Care will use the funds to grow its unique suite of tools and services that empower families to be more in charge of the
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