Portland, Oregon-based Bright.md, a developer of a virtual care solution to improve efficiencies and reduce costs in the delivery of care for non-acute conditions has closed a $3.5 million Series A funding round. Co-founded in 2014 by Ray Costantini and Mark Swinth, Bright.md connects you to your provider from your home or on the go, using your home computer or mobile device. In under an hour, and for less than the cost of a co-payment, you can get treatment from the provider you know and
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
1DocWay Raises $1.7M to Expand Telepsychiatry Network
1DocWay, Inc., a NYC-based leading telepsychiatry network operator announced that its psychiatry delivery network has treated over 20,000 patients in 11 states during the first half of 2015. To accelerate its growth, 1DocWay has raised $1.7M in its seed round, led by iSeedVC, with participation from Rock Health, Asset Management, Great Oaks Venture Capital, Waterline Ventures and others. 1DocWay has experienced rapid growth in recent months as awareness and demand for psychiatric services have
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Limelight Health Raises $3M for Mobile Health Insurance Quote Platform
Limelight Health, provider of mobile enterprise technology for the health insurance industry, announced today it has raised $3 million in Series A funding from MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual), and AXA Strategic Ventures. Also investing in the round is the series seed lead investor LaunchPad Digital Health. The company will use the capital to help accelerate its sales and engineering teams to deliver innovative
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Axial Healthcare Raises $8M for its Pain Management Solution
Axial Healthcare, Inc., a cloud-based clinical decision support platform for managing the cost and quality of patient care, announced today that it has closed an $8 million Series A round of funding. The round was led by .406 Ventures and Liam Donohue, .406 Venture’s Co-Founder and Managing Partner, has joined Axial’s Board of Directors. Previous investors, including BlueCross BlueShield Venture Partners and Sandbox Industries, also participated in the funding.The new funding will enable the
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NantHealth Acquires Harris Healthcare Solutions to Optimize Patient-Clinician Experience
NantHealth, a subsidiary of NantWorks, LLC, announced it has completed the acquisition of Harris Corporation’s commercial Healthcare Solutions business, a clinical systems integration innovator. Harris retained its government healthcare services business. Financial terms of the transaction were not disclosed.
As part of the acquisition, NantHealth’s existing cOS, eviti and omics platforms will combined with Harris’ FusionFX® suite of products. The integration will delivers on the promise of
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Blueprint Health Launches Its 8th Class of Digital Health Startups
Blueprint Health, a NYC based mentor-focused health technology accelerator has revealed its Summer 2015 Accelerator class (eight class) of eight digital health startups to its portfolio. Blueprint is a member of TechStars’ Global Accelerator Network. Today’s addition of eight companies brings the accelerator’s total to 68 digital health with more than 140 entrepreneurs in Blueprint’s alumni community.
To date, 87% of Blueprint’s companies are still in operation and 85% of those companies are
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Accolade Secures $22.5M to Enhance Consumer Healthcare Engagement
Accolade, the consumer health engagement platform for large employers and payers, announced that it has secured $22.5 million in strategic funding from a subsidiary of Independence Health Group, the parent company of Independence Blue Cross (Independence), and McKesson Ventures.
Accolade will use this investment to further strengthen its technology and analytics capabilities while capitalizing on a growing market demand for healthcare solutions that are proven to save money, drive the right
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DreamIt Health Philadelphia Unveils Its Latest Class of Startups
Philadelphia-based healthcare technology incubator Dreamit Health has announced its third class of health tech startups. The selected startup teams will participate in a 16-week boot camp from from July to October 2015 to rapidly achieve key business milestones in building high-growth potential companies.
In exchange for 8% in equity, each team will receive:
– $50,000 in seed capital, plus up to $250K in follow-on funding from DreamIt Ventures.
– coaching/mentorship from successful tech
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Emdeon to Acquire Altegra Health for $910M
On Monday, Emdeon Inc. announced a definitive agreement to acquire Altegra Health, a provider of data aggregation and analytics for payers for approximately $910 million in cash. The acquisition will combine Altegra Health's risk adjustment and quality analytics and Emdeon's Intelligent Healthcare Network, revenue cycle management and payment solutions, enabling the delivery of innovative products designed to help customers elevate care quality, optimize financial performance.
Acquisition
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20 Promising Canadian Digital Health Companies to Watch
“A company’s odds of success are better the closer they can get to their market,” argues Stephen Hurwitz, a thought leader in the Canadian venture capital industry, recognizing that the proximity to a VC-tech hub can help the success rate of Canadian startups.
A socialized healthcare system, Canada’s market is fragmented by province and type of care – most primary and emergency care is free for residents whereas specialty care, prescription drugs, long-term and in-home care amongst others,
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