Palo Alto, CA-based Lumity, a data driven benefits platform that optimizes employee health plans, announced it has raised $14M in Series A funding led by The Social+Capital Partnership with participation from True Ventures and Rock Health. Through real-time insights and predictive models, Lumity's benefits platform helps employers and employees use data to collaborate on choosing health plans that drive value and fit employee needs. The funding round will be used to help accelerate the rollout
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Omada Health Raises $48M to Help Employers, Health Plans Tackle Chronic Disease
Omada Health, the Andreessen Horowitz-backed digital health company that helps employers and health plans avoid getting diabetes, heart disease, and other chronic conditions, announced today that it has raised $48 million in Series C funding. The round was led by Norwest Venture Partners, including strategic investment from two Omada customers – Humana, Inc. and Providence Health & Services, as well as prior investors US Venture Partners, Andreessen Horowitz, Rock Health and new investors
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Google Capital Pours $32.5M into Insurance Startup Oscar Health
Google Capital has invested $32.5 million in Oscar Health, a health insurance company using technology to make insurance simple, intuitive, and human with a valuation of $1.75B, The Wall Street Journal reports. The recent funding brings startup’s funding total up to $352.5 million.
Launched in 2013, Oscar Health's quality network has more than 40,000 users in New Jersey and New York with plans to expand its coverage to California and Texas in 2016. The company's business model is focused on
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Doctor Search Portal Practo Acquires Insta Health For $12M
After raising $90 million in Series C funding in August, India-based physician search portal Practo has acquired cloud-based hospital information management company Insta Health for $12 million (Rs 80 crore) in a cash and equity deal. Founded in 2008, Insta Health provides hospital information systems and EMR solutions to hospitals across South East Asia, Middle East, India, and Africa. The Insta Health acquisition marks the company's third acquisition in less than six months. The acquisition
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Huron Consulting Group to Acquire Cloud62 to Enhance Salesforce.com Capabilities
Huron Consulting Group, a provider of business consulting services, today announced that it has entered into an agreement to acquire Cloud62, a high-growth firm specializing in complex Salesforce.com implementations and related cloud-based applications. The addition of Cloud62 will expand Huron’s Salesforce.com offerings to clients across multiple industries, including healthcare, higher education, manufacturing, retail and financial services. Terms of the acquisition, which is expected to close
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New York Digital Health Accelerator Unveils 2015 Class of 6 Startups
The New York Digital Health Accelerator (NYDHA) has announced their 2015 class of six early and growth stage digital health companies that are developing cutting-edge technology products for healthcare providers and patients in the areas of care coordination, patient engagement, and workflow improvement. The four-month program run by the Partnership Fund for New York City (Partnership Fund) and the New York eHealth Collaborative (NYeC) will provide the digital health startups direct access to
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Voalte Raises $17M to Improve Hospital Communication with Smartphones
Voalte, a Sarasota, FL-based company that develops smartphone alternatives that simplify caregiver communication has raised $17 million in Series D funding led by Ascension Ventures, Cerner Capital, Inc., an affiliate of Cerner Corporation, and Bedford Funding. The funding will be utilize to sustain triple-digit growth trajectory as revenues grew by 250 percent year-over-year in the second quarter, due in large part to continual product innovation as well as a rapidly expanding customer base.
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Doctor On Demand Named Preferred Telehealth Provider for Blue Cross Minnesota
Blue Cross Blue Shield of Minnesota has named Doctor on Demand the healthcare plan's preferred telehealth service provider, starting in 2016. Beginning January 1, 2016, a Doctor On Demand video visit will be an affordable and convenient telehealth option for Blue Cross members, as an extension of the provider network. Blue Cross and Blue Shield of Minnesota is the first Blues plan to select Doctor On Demand as a preferred provider of telehealth services and has named Doctor On Demand as an
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Medfusion Raises $3M to Advance Mobile Strategy for Patient Engagement
Medfusion, Inc., a patient engagement platform dedicated to facilitating the relationship between doctors and patients has raised $3 million in funding from two Durham, N.C.-based venture capital firms.
Medfusion has evolved from a patient portal business into a robust patient engagement platform, complete with a new portal interface, a patient-focused revenue cycle offering—Medfusion Pay—and the introduction of Medfusion’s first consumer mobile application, Medfusion Plus. This new mobile
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J&J, PCH Launch Hardware for Health Accelerator to Bring Hardware Health Startups to Market
Johnson & Johnson is collaborating with hardware manufacturing company PCH to launch the Hardware for Health accelerator to bring innovative health hardware entrepreneurs from concept to consumer. Under terms of the collaboration, Hardware for Health combines PCH’s experience in consumer hardware and startups with Johnson & Johnson Innovation’s knowledge and access to the pharmaceutical, device and consumer health markets in a custom-fit program to bring hardware health companies to
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