October is open enrollment season across the U.S. when the annual window opens for millions of Americans to change health plans. To make this process less confusing, Collective Health is bringing employer health insurance into the 21s century and shifting the focus from profits to people. Today, the enterprise health insurance software and services leader Collective Health has raised $81 million in Series C funding led by Google Ventures and returning investors NEA and Founders Fund along with
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Welltok Acquires Zamzee to Optimize Children’s Health through Gamification
Health optimization provider Welltok, Inc. today announced the acquisition of Zamzee, an award-winning health program developed by HopeLab, to strengthen its CaféWell Health Optimization Platform™ for children. Welltok’s CaféWell Health Optimization Platform organizes health and condition management programs, apps and digital tracking devices to improve engagement by providing personalized guidance via social, gaming and cognitive technologies.
Zamzee rounds out their offerings to include
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DrFirst Pulls In $25M to Fuel E-Prescribing, Medication Adherence
DrFirst, a provider of healthcare IT solutions has secured $25 million in equity financing from Goldman Sachs to accelerate its sales and marketing resources, as well as its development resources for both existing and new products, and for other strategic initiatives. With this financing, DrFirst has raised $42M in financing during the past year, including a $5M investment commitment from Savano Capital Partners and a $12M credit facility from SunTrust Bank.
DrFirst's software solutions and
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After Raising $10M, Datu Health Shuts Down HQ, 42 Layoffs
After announcing a $10 million in Series B equity funding, Boulder,CO-based behavioral health data company Datu Health has shuttered its headquarters resulting in 42 layoffs, Denver Post reports. They layoffs result from company consolidated its software engineering functions under its umbrella of its investment partner St. Joseph Health.
According to Datu Health’s spokeswoman, Pam Zients, four of the Boulder employees will remain with Datu, which has operations in St. Louis and California.
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Figure 1 Raises $5M For its “Instagram for Doctors” App
The Toronto-based startup Figure 1, whose medical photo sharing app used by more than 500k medical professionals across 100 counties has raised $5 million in funding from Union Square Ventures as well as existing backers Version One Ventures, Rho Canada Ventures and Graph Ventures. Investors also include Allen & Co. and individual investors. The latest funding round brings the Canadian digital health startup's total funding to $9 million.
The company plans to utilize the funding to
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23andMe Scores $115M to Maximize Its Direct-to-Consumer Genetic Tests
Genetics startup 23andMe, Inc., has raised $115 million in Series E funding led by Fidelity Management & Research Company to expand its FDA-approved direct-to-consumer genetic tests. New investors in the round include Casdin Capital, WuXi Healthcare Ventures and Xfund, as well as existing investors including Illumina (ILMN), New Enterprise Associates, MPM Capital, and Google Ventures. The latest funding round brings its total funding to date at $241 million, Forbes now values the company at
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Lyra Health Pulls in $35M to Transform Mental Health
After recently launching in June led by former Facebook and Genentech CFO David Ebersman, mental health-based startup Lyra Health has raised a $35 million in Series A funding led by Greylock Partners and existing investor Venrock. The investment round also includes funding from existing investor Castlight Health, and new investors Providence Health & Services, Breyer Capital and Origin Capital Management. The company will utilize the funding to make its technology available to a select group
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Datu Health Raises $10M to Drive Personalized Healthcare through Behavioral Data
Chesterfield, CO-based digital health company Datu Health has raised $10 million in Series B equity funding from St. Joseph Health (SJH) to drive personalized healthcare powered by behavioral health data. Traditional healthcare touch points fail to reach the everyday lives and behaviors of people where 40% of health outcomes are shaped. To reduce population risk, decrease low-value care, increase procedure and appointment effectiveness, and avoid penalties, health care must penetrate patient's
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CareSync Pulls In $18M for Medicare-based Chronic Care Management
CareSync, a chronic disease management platform for Medicare has raised $18 million in Series B funding led by Merck Global Health Innovation Fund (Merck GHI), Greycroft Partners and Harbert Venture Partners, as well as existing investors Tullis Health Investors, Clearwell Group, CDH Solutions and Travis Bond. The capital will be used to help expand its workforce and continue to advance its best-in-class technology. Over the next 18 months, the company plans to hire an additional 500
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GE, StartUp Health Expands Partnership to Focus on Health Payment, Virtual Health Solutions
GE Ventures and StartUp Health, a global health innovation company, today announced the expansion of their partnership to invest in and coach digital health startups focused on health payment and virtual health solutions. The program builds on the success of the GE and StartUp Health Entrepreneurship Program, which launched in 2013 with 15 consumer health companies.
Expanded Partnership Details
As part of the expanded partnership, StartUp Health Academy and GE Ventures will
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