Louisville, KY-based care management company Edumedics has raised $4.2 million in Series A financing led by Lunsford Capital. The round was joined by Chicago-based OCA Ventures and syndicate of angel investors and seed funds. Among them: Entrepreneur and Chrysalis Ventures Co-founder Doug Cobb, Enterprise Angels Fund, and 13 individuals geographically dispersed from Chicago to Florida.
The funding will be used to expand to other states from its core populations in Kentucky and
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Health Tech Incubator MATTER Adds 20 New HIT Startups
Chicago based health tech incubator MATTER has added twenty more startups to its membership bringing its total to 115 companies. Since its inception, MATTER has now more than doubled its number of companies since it launched, connecting entrepreneurs, scientists, physicians, investors in the health IT space.
The incubator recently launch the AMA Interaction Studio at MATTER designed to facilitate connections between entrepreneurs and physicians. The studio will allow entrepreneurs to
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Illumina Accelerator Unveils Third Cycle of Genomics Startups
Illumina Accelerator, a business accelerator focused solely on creating an innovation ecosystem for the genomics industry—has selected four new investments from its third funding cycle.
During the six-month Accelerator funding cycle, each startup will gain access to business guidance and fully operational lab space in the San Francisco Bay Area, as well as seed investment, a subscription to Illumina’s NextBio translational genomics database, Illumina’s Genologics Clarity LIMS software, access
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Express Scripts Commits $25M for Healthcare Innovation
Lewis & Clark Ventures, a Midwest-based venture capital firm, announced a $25 million multi-year commitment from Express Scripts to help source and support early stage healthcare innovation. The capital will supplement the company’s ongoing efforts to innovate smarter pharmacy solutions that deliver better outcomes for patients.
Lewis & Clark Ventures plans to fund between $3 to $7 million into companies that demonstrate disruptive innovation and are generating revenue. Lewis &
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MD Revolution Pulls In $23M to Expand Chronic Care Management
End-to-end chronic care management (CCM) and patient engagement MD Revolution has raised $23 million in funding, co-led by Chicago-based Jump Capital and a leading global healthcare technology company. This brings their total funding to date to over $30 million.
MD Revolution’s first CCM customers enrolled in February 2015 when the first payments were made for the new Medicare Part B CCM code. MD Revolution now serves over 100 practices and plans to add hundreds of additional practices
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GreatCall Acquires Connected Home Health Platform Lively
San Diego, CA-based connected health provider for active aging GreatCall Inc. has acquired the technology assets of connected home health platform Lively Inc. The asset acquisition will strengthen GreatCall's connected health portfolio and expand its marketshare in the active aging space. Financial terms of the asset acquisition were not disclosed.
Founded in 2012, Lively Inc's connected health home health platform uses passive activity sensors that are applied to everyday objects in an
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Welltok Acquires Silverlink, Raises $45M to Enhance Consumer Health
Health optimization provider Welltok, Inc. has acquired Silverlink, a leading healthcare consumer communications company to enhance multi-channel, targeted patient engagement. The acquisition was supported in part by $45 million in funding from venture firms Georgian Partners, EDBI and Flare Capital, as well as existing institutional and strategic investors.
By integrating Welltok’s CaféWell Health Optimization Platform™with Silverlink’s proactive engagement technology platform and services,
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Health Crowd Pulls in $2.1M for Secure Messaging to Health Plan Members
HealthCrowd, a unified, end-to-end engagement platform for healthcare has closed $2.1M in additional seed funding led by Startup Capital Ventures, Herlitz Capital, Healthy Ventures, Band of Angels, Berkeley Angel Network, and 37 Angels. The capital will be utilized to accelerate operations to support its increasing demand for enterprise healthcare communications platform for payers.
Founded in 2011, HealthCrowd's unified communications for payers uses text messaging, interactive voice
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VC Firm Andreessen Horowitz Launches $200M Bio Software Fund
Menlo Park, CA based venture capital firm Andreessen Horowitz is launching a new $200 million fund focused on funding companies software companies in the bio space led by Vijay Pande, the firm's first professor in residence from Stanford University, where he was a professor of chemistry, computer science, and structural biology.
The new software-focused bio fund will focus on investments in three emerging areas:
1. Digital health & therapeutics - digital therapeutics for chronic
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Mental Health App Joyable Raises $8M to Treat Anxiety, Depression
San-Francisco-based Joyable, an evidence-based, affordable mental health service provider has raised $8 million in Series A funding led by returning investors Thrive Capital and Harrison Metal. The funding will be used to develop the company's first-ever native mobile app to offer Cognitive Behavioral Therapy (CBT) and expand its service to more of the 15 million Americans currently suffering from clinical social anxiety. The company previously raised $2M seed round.
Launched in March 2015,
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