Health optimization platform Welltok has raised $33.7 million in Series E funding with participation from new and existing investors including securing a a new debt facility providing the company with $13 million of expanded borrowing capacity. The company plans to utilize the funding to accelerate development of its CaféWell Health Optimization Platform™ and complementary technology-enabled healthcare service offerings, as well as expansion into new market segments. The latest round brings the
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
UPMC Makes Strategic Investment in Predictive Analytics Startup RxAnte
UPMC Enterprises, the commercialization arm of University of Pittsburgh Medical Center has acquired all of Millennium Health’s interest in predictive analytics startup RxAnte. Financial terms of the deal were not disclosed. As part of the deal, RxAnte will continue to operate as an independent company led by its existing management team. Founded in 2011, RxAnte’s technology and clinical services enable its clients to improve clinical care quality and avoid unnecessary costs. UPMC Enterprises
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MTBC Acquires Revenue Cycle Management Company MediGain
MTBC, a provider of proprietary, web-based EHRs, practice management and mHealth solutions has acquired the assets of MediGain, a Plano, TX-based revenue cycle management company. The acquisition of MediGain assets includes customer accounts, intellectual property, and offshore operations in India and Sri Lanka.Founded in 2002, MediGain provides revenue cycle management solutions and analytics for the healthcare industry in the United States and internationally. The company offers services in
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Kaonsoft, ProMedica Form Joint Venture to Develop Digital Health Apps
ProMedica, one of Ohio's largest healthcare systems, is teaming up with enterprise mobility software company Kaonsoft, to form Kapios Health, a healthcare technology company that will focus on the development of digital health apps created by ProMedica Innovations inventors.Through the joint venture, Kapios Health will utilize the flexible Kaonsoft Enterprise Mobility Platform™ to build and deploy digital health apps with minimal configuration and without the additional effort or expense of
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Startup Incubator 1776, Accenture Partner to Help Digital Health Startups
Startup incubator 1776 has teamed up with Accenture to provide guidance and insights to its growing roster of digital health startups. As part of the partnership, Accenture will assign some of its health consultants to the 1776 campuses in D.C. and New York to help evaluate new portfolio companies for future viability and advise and engage with these and other emerging digital health companies.Launched by co-CEOs Donna Harris and Evan Burfield and headquartered in Washington, D.C., with
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Backed by Google, Aspire Health Nabs $32M for Palliative Care
Aspire Health, a Nashville, TN-based palliative care company has raised $32 million in funding round that was led by GV (formerly Google Ventures), the venture capital arm of tech giant Alphabet Inc. (Google's parent company). The company plans to utilize the funding to make better use of its data by developing more algorithms and natural language processing (NLP) search functions that would benefit home healthcare and create new programs for cancer patients. Co-founded by former Senate
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Eccrine Systems Lands $5.5M Advanced Sweat Sensors For Medicine
Eccrine Systems, a Cincinnati-based company developing advanced, wearable, sweat-sensing systems, has raised $5.5 million in Series A funding with participation and support from CincyTech Fund IV and other sources within the CincyTech local, regional and national investor community. The company plans to utilize the funding to accelerate the development of non-invasive, sweat-sensing systems for use in medicine, industry and sport. Founded in 2013 based on innovative research and intellectual
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Moxe Health Raises $5.5M For Comprehensive Clinical Data-Sharing
Moxe Health, a Madison, WI-based company that focuses on accelerating the exchange of clinical data between payers and providers has raised $5.5M in Series A financing led by Safeguard Scientifics. The company plans to use the funding to accelerate its hiring and sales efforts as well product expansion. To combat a widening disconnect between insurers and healthcare providers, Moxe democratizes access to information.Founded in 2012, Moxe Health enables bi-directional flow of information between
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QuiO Raises $1M for Sensor-Smart Injection Devices for Drug Delivery
QuiO (pronounced kwee-oh), a digital healthcare startup developing sensor-driven smart injection devices and connected cloud-based software for the clinical trial and chronic disease market has raised $1.05 million in seed funding. The round was led by undisclosed investors with expertise in the health insurance, pharmaceutical and clinical research industries. The company plans to utilize the funding to finish development of its lead SmartinjectorTM device, which leverages a propriety design
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InstaMed Lands $50M for Healthcare Payment Network
InstaMed, a Philadelphia-based healthcare payment network provider connecting providers, payers and consumers on one platform has raised $50 million in funding led by Carrick Capital Partners. The company plans to utilize the funding to accelerate the growth of the InstaMed Network, accelerate go-to-market strategy and drive further innovation in healthcare payments technology. As part of the latest round of funding, Jim Madden, Co-Founder and Managing Director of Carrick Capital Partners
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