Rimidi, Inc.(formerly known as Rimidi Diabetes), an Atlanta-based digital health startup that provides software and clinical analytics for chronic disease management, announced it has raised $6.575 million in Series A-1 financing, which includes a strategic investment by Eli Lilly and Company, an investment from Turner Investments, and participation from existing investors Cox Enterprises, Village Capital, The Jump Fund, and JAMB Global. The company plans to use the funding round to fuel growth
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Cedars-Sinai Accelerator Reveals 4th Class of 9 Digital Health Startups
Cedars-Sinai, today announced 9 new digital health startups selected to participate in its fourth class. From artificial intelligence to new devices and disruptive services, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges, particularly the experience of patients. The program is based in
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Carepoynt Lands $2M for Health-Focused Rewards Platform
Carepoynt — a Newport Beach, CA-based health- and wellness-focused rewards company has raised $2 million in seed funding. The funding will be used to help Carepoynt continue to accelerate its innovative and disruptive shift of the status quo by offering its unique Rewardsware for Healthcare engagement program, platform and network to the massive Health & Wellness marketplace that is seeking more engaging experiences and rewarding results from a healthcare ecosystem that has become more
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Rock Health H1 2018: Digital Health Funding Breaks $3.4B Across 193 Deals
Digital health funding reached a new record of $3.4 billion across 193 deals in the first half of 2018, according to Rock Health, a full-service venture fund dedicated to digital health.The 2018 Midyear Funding Review reveals a maturing market with an increasing number of digital health companies are hitting key validation milestones, creating a stable funding environment based on proven outcomes;investors are taking notice and rewarding companies with larger deals. The average deal size
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Caradigm Sale – The Final Step in GE’s Exit From PHM/Value-based Care?
- On 13th June 2018, cancer informatics and digital pathology workflow vendor, Inspirata, announced that it was purchasing GE Healthcare’s remaining population health management (PHM) interest, Caradigm- This follows the announcement in April 2018 that GE Healthcare was selling its ambulatory value-based care business to Veritas Capital- This latest announcement now means that GE Healthcare has exited the population health management market from both an enterprise and ambulatory perspective- It
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SMART Brain Aging Launches First Scientifically-Supported App for Early Stage Dementia
Healthcare technology company SMART Brain Aging, Inc. has announced that its one-on-one patient intervention program for aging brain health -- Brain U Online -- is now available to adults age 50+ through online subscription and iOS app, Brain U Lite. The new program is the result of 5 years of clinical trials with more than 3,000 participants at Harvard Medical School/Boston University School of Medicine. Used by the country’s leading memory care facilities, Brain U Online and Brain U Lite are
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NIA Awards $4.5M Grant to Develop In-Home Care Solutions for Dementia Caregivers
The National Institute on Aging (NIA) has awarded $4.5 million over three years to white label Internet of Things (IoT) software provider, People Power to focus on developing in-home care supportive solutions for dementia caregivers. National Institute on Aging mission is to improve the health and wellness of older Americans through biomedical, social and behavioral research focused on aging processes and age-related diseases. The results of the collaborative research with University of
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Amazon Acquires Online Pharmacy Startup PillPack
Amazon, today announced it has entered into an definitive agreement to acquire online pharmacy startup, PillPack for an undisclosed amount. The deal will allow Amazon further entry into healthcare with an on-demand online pharmacy and drug distribution platform.Founded in 2013, PillPack is an online pharmacy that delivers medications in pre-sorted dose packaging, coordinates refills and renewals, and makes sure shipments are sent on time. The service is designed to provide the best possible
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Cedar Raises $36M for Modern Patient Financial Management Platform
Cedar, the patient financial management platform for hospitals, health systems and independent medical groups, today announced a Series B fundraising round of $36 million, led by the global investment company Kinnevik. Participants in the round include existing investors Founders Fund and Thrive Capital, as well as Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health. Cedar plans to use the funding to further invest in the next generation of its innovative
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HSBlox Unveils Healthcare Blockchain Referral Management Solution
HSBlox, a technology company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its Advanced Referral Manager (ARM) solution, which utilizes blockchain technology to automate the referral administration process, resulting in decreased network leakage, time and money savings for payers and providers, and enhanced patient care.Current market challenges reveal high costs and manual processes associated with referral administration,
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