Is digital health an investment bubble set to burst? Rock Health’s Malay Gandhi weighs in.
The ball may have dropped on another new year, but 2014 was known as the year venture funding picked up the ball and ran for it— when it came to digital health. According to a recent report released by Rock Health, a record total of more than $4 billion was poured into the space last year, and it’s poised to keep on growing in 2015.
“This is not a bubble,” said Malay Gandhi, managing director
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Health Tech Incubator MATTER Adds 10 Startup Members
Chicago based health tech incubator MATTER has added ten more startups to its membership bringing its total to 40 companies. The recently launched incubator aims to collectively fuel the future of healthcare innovation. in Chicago through mentorship, networking opportunities, partnerships with companies and affordable workspace.
The company recently secured $4.4 million led by twenty two local companies mostly focused in the tech and healthcare sectors complementing an initial $2.5M grant
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Augmedix Raises $16M to Expand Google Glass in Doctors’ Offices
Today, Augmedix announced that it has received $16 million in Series A venture funding co-led by the company's seed investors Emergence Capital and DCM Ventures. Augmedix plans to utilize the capital to expand to expand operations, fuel product development, and establish new partnership initiatives. Augmedix has raised $23 million in total venture funding to date.
Founded by Stanford grads CEO Ian Shakil and Chief Product Officer Pelu Tran in 2012, Augmedix — a service powered by Google
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Health Optimization Platform Welltok Closes $37M Funding Round
Welltok, developer of the CaféWell Health Optimization Platform™, officially closed its most recent funding round of $37 million. Two new investors join the round, Hearst Health Ventures, a unit of Hearst Corporation focused on investments in health IT and technology-enabled healthcare services, and Catholic Health Initiatives (CHI), one of the nation’s largest health systems. This brings Welltok’s completed funding in 2014 to $59 million.
Hearst and CHI join the Series D round led by
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Senior Care Platform Independa Enters Into Consumer Market
According to the National Alliance for Caregiving, there are 65 million caregivers in the US -- and 51% of their care recipients are aged 75+. To open up communication possibilities for cargivers, senior care platform provider Independa has announced its entrance into the consumer market by making its Independa TV available to anyone who is struggling to provide remote care for their aging loved one. This powerful and simple TV-based solution enhances the lives and independence of
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Caremerge Nabs $4M to Expand Its Care Coordination Platform
Caremerge, a cloud-based communication and care coordination platform for the senior care industry, announced today a $4 million first institutional financing round led by Cambia Health Solutions, and included additional investments from Generator Ventures, GE Ventures, Arsenal Venture Partners and Ziegler-LinkAge Longevity Fund These investors are some of the first to focus on aging and long-term senior care. The funding will be utilized to expand its care coordination platform and
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Big Data Firm Inovalon Files First Digital Health IPO of 2015
Inovalon Inc., a provider of cloud-based analytics and data driven platforms technology for healthcare filed for an initial public offering on 12/30/14, according to SEC filing. The Bowie, Md.-based company is seeking $500M in its initial public offeringand has applied for listing on NASDAQ under the ticker "INOV" making it the first digital health IPO of 2015. The big data firm outlines in the SEC filing that it will use the proceeds from the IPO for "acquisitions of complementary businesses,
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Wellbe Nabs $2.42M to Expand Guided Episode Management
Wellbe, provider of the cloud-based Guided CarePath® that empower patients to learn and take the actions required to achieve better outcomes at lower costs has closed on a new $2.42M investment round. The round included investments from Terrence Gibbons, former CEO of Pharmacy OneSource; Greg Baldwin, former CEO of Baxa; Mark Bakken, former CEO of Nordic Consulting; and Philip Seeger, CEO and President of Medcor, among others. The company will use the funding for product improvements and
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Rock Health: Digital Health Funding Tops $4.1B in 2014
Digital health funding surpassed $4.1B in 2014 according to the recent Digital Health Funding: Year in Review 2014 Report by Rock Health.
Rock Health, provider of full-service funding to promising entrepreneurs breaking into healthcare has released their Digital Health Funding: Year in Review 2014 Report, an in-depth analysis report of all digital health funding in 2014. The report found digital health funding in 2014 surpassed $4.1B, nearly the total of all three prior years combined, and
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Specialty EMR Provider Modernizing Medicine Acquires Aesyntix Health, Inc.
Cloud based, specialty-specific EMR provider, Modernizing Medicine has announced that it has completed an acquisition of Aesyntix Health, Inc. on Dec. 22, 2014. Financial details of the acquisition have not been disclosed. The privately held based in Roseville, California provides dermatology and cosmetic surgery practices with three specialty specific offerings:
- Aesyntix Billing Solutions for revenue cycle management
- Aesyntix Inventory Management (AIM)
- Aesyntix Physician Network
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