Merck Global Health Innovation Fund announced a $5.0 million investment in Exostar to enable them to accelerate the growth and expansion of their healthcare and life science business. Exostar’s cloud-based authentication identity hub for the healthcare industry, Secure Access Manager (SAM), connects customers with other organizations securely across large communities of users. The investment, made by the Merck Global Health Innovation Fund, will help Exostar maintain its rapid growth in these
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Why My Digital Health Startup Failed
Jeff Novich provides a rare and honest introspective look into why his digital health startup Patient Communicator, a patient portal CRM for doctors ultimately failed.
Editors’ Note: This article was originally published in January 2013 and has been republished with permission by the author.
My father is a primary care doctor. In 2009 he asked me to help build a product that would enable his patients to access him online rather than through the phone. Patient Communicator was basically a
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Cohealo Raises $9M To Bring Healthcare Supply Chain to the 21st Century
Cohealo Inc., provider of medical asset mobilization and real-time analytics for hospitals, today announced the company has completed a $9M Series A financing led by Romulus Capital and Krillion Ventures. Financing was composed of both equity and convertible-note financing and builds upon seed investment from Romulus Capital.Romulus is prominent investor in the digital health space whose portfolio investments include Aidin, Ginger.io, Fitocracy, and Docphin. The recent funding will be used to
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Blueprint Health’s Sixth Class Shines at Demo Day in NYC
Blueprint Health, a NYC based mentor-focused health technology accelerator, today announced the showcase of their Summer 2014 class of startups at their 6th annual Demo Day in NYC. This class is meaningfully changing the way patients engage with their health, from simplifying patient-provider communication (OhMD), to making it easier and more effective for patients undergoing rehab to recover (Hedway), to enabling remote monitoring for wound care (Healogram). Blueprint is a member of TechStars’
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Digital Health Funding Surpasses Over $3B in Q3 of 2014
Digital health funding has officially surpassed the $3B mark in Q3 of 2014 representing over 100% year over year growth, according to report from Rock Health, a full service seed fund for digital health startups. The report found the average deal size for the year dropped $2.5M per deal to $13.1M since the mid-year mark.
The largest funding deals in Q3 2014 include Proteus Digital Health ($52M), Teladoc ($50.3), and Chunyu ($50M). Analytics and big data startups raked in $381M leading the
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Digital Health Venture Capital: 4 Areas VCs Are Betting On
When it comes to digital health venture capital, firms are focusing on four areas where they expect significant growth activity to take place.
The year 2014 has not just started out on a good note for the digital health and health IT market, but it seems to be all set to be the best year ever. The top 20 venture capital firms have been busy right from the start of the year investing in this arena and giving a massive boost to deal activity here. A CB Insights data report indicates that funding
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Pristine Nabs $5.5M To Expand Telehealth Through Google Glass
Google Glass medical app developers Pristine, announced today that it has raised $5.5M in Series A financing to expand telehealth through Google Glass. Pristine is only company that has developed a HIPAA-compliant video streaming and checklist solutions for Google Glass. The round was led by S3 Ventures which also included Capital Factory, HealthFundr, and a syndicate of strategic clients. The funding will be used to expand the company's R&D, sales, marketing, and operations teams,
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Medisafe Grabs First Prize at Health 2.0’s Traction Startup Championship Competition
MediSafe, a mobile health medication management platform connecting patients and health providers has won first prize in this year’s Traction: Health 2.0’s Startup Championship.The top-rated and cloud-synced platform allows doctors to increase care quality between office visits by sending “automatic prescriptions” with take-as-directed instructions directly to patients through their mobile app.
Traction is part of Health 2.0’s Annual Fall Conference in Santa Clara, exhibiting innovative
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Telehealth Provider Teladoc Raises $50M in Equity Funding
Telehealth provider Teladoc has announced it has secured a $50 million round of equity funding led by Palo Alto-based Jafco Ventures, a leading technology venture capital firm. This cash fusion will further reinforce Teladoc’s leadership position and support the acceleration of its robust growth strategy.
Teladoc will continue to pursue growth organically and through additional strategic partnerships and targeted acquisitions. The company is anticipating record-setting growth in January 2015
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Employee Digital Health Platform Jiff Closes $18M Series B Round
Employee digital health platform Jiff today announced an $18 million Series B round led by Venrock. Jiff provides an enterprise solution for self-insured employers to connect to and manage hundreds of innovative digital health tools, and provides each employee an individualized health incentives program through an addictive mobile experience.
“With founders James Currier and Stan Chudnovsky behind them, Jiff also has the best engagement and product design team we have ever seen in healthcare
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