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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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
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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Teladoc IPO Raises $157M, Shares Priced at $19
Today, Dallas-based telehealth provider, Teladoc initial public offering (IPO) debut under the symbol “TDOC" on the New York Stock Exchange at $19 per share, raising $157 million. The underwriters for the offering also have a 30-day option to purchase up to an additional 1,237,500 shares of Teladoc common stock.
Founded in 2002, the company emerged as an early leader in the growing telehealth space as self-insured employers and insurance companies look for ways to cut healthcare costs by
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Allscripts Makes $200M Equity Investment in NantHealth, IPO Imminent
Ambulatory EHR leader Allscripts has purchased a 10% equity stake in NantHealth for $200 million and NantCapital, LLC, the personal investment vehicle of Dr. Patrick Soon-Shiong, founder of NantHealth, has made a $100 million investment into Allscripts. The financial investments strengthen the partnership between the two companies to develop an integrated, evidence-based, personalized approach to healthcare solutions that includes actionable clinical data, enabling physicians to make informed
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HomeHero Raises $23M to Expand In-Home Senior Care
40% of U.S. adults today are responsible for taking care of an elderly or sick relative, according to a 2014 study by the Pew Research Center and the California HealthCare Foundation. Despite this growing number, most caregivers do not want their aging relatives living with them. Instead, family members are seeking affordable caregivers to provide in-home care for seniors.
To solve this gap in senior home care, HomeHero, a trusted marketplace advancing the in-home senior care industry has
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Cureatr Raises $13M to Expand Mobile Care Coordination
Cureatr, a mobile care coordination solution for health care, today announced it has raised $13 million in Series B funding led by Deerfield Investments, a healthcare technology private-equity firm in New York. Deerfield is joined by Cerner Capital, Inc., Windham Ventures, a strategic health IT investor, and previous investors Cardinal Partners, Milestone Venture Partners, Partnership Fund for New York City, and JMI Services, LLC. The company will utilize the capital to launch new regions for
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Arcadia Healthcare Solutions Acquires Sage Technologies
EHR data aggregation/analytics and consulting firm Arcadia Healthcare Solutions today announced the acquisition of managed services and ACO implementation provider Sage Technologies. The acquisition will help strengthen Arcadia’s position as a market leader in full-service managed care – the end-to-end blended technology and services capability to help healthcare leaders efficiently manage their business in a value-based setting. Financial terms of the acquisition is being led by Peloton
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Aurora Health Care Invests in StartUp Health for Streamlined Access to Innovations
Not-for-profit health care system Aurora Health Care has announced a strategic investment in StartUp Health, a global entrepreneurship development company for Healthcare Transformers to help accelerate the review and adoption of innovations aimed at transforming the delivery of care.
The strategic investment will provide Aurora early access to proposed innovations and will be able to work side-by-side with entrepreneurs to implement solutions in Aurora’s provider and patient communities. The
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