Paperless Productivity, a workflow automation consultancy and systems integrator, has announced its acquisition of the WiseCLAIM platform from WiseTREND. Financial terms of the acquisition were not disclosed. WiseCLAIM was developed in response to the continued prevalence of paper CMS claims forms among healthcare payers, Third Party Administrators (TPAs), and billing services. By automating data extraction from CMS/HCFA/UB forms, it has become an integral tool for mid-market and large firms in
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Welltok Raises $75M to Expand Health Optimization Platform into New Markets
Welltok, a health optimization platform for consumer health, announced today that it raised $75 million in a Series E2 funding round with participation from new and existing investors including New Enterprise Associates, Bessemer Venture Partners and Georgian Partners. Participants in the funding round include new investors Future Fund Management Agency, Ziff Davis, NF Trinity Capital (Hong Kong) Limited and ITOCHU Corporation.The latest financing round will carry Welltok through its next phase
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Rock Health: Digital Health Funding Brings in Record $1.62B in Q1 2018
Digital health funding has reached a record breaking $1.62 billion in Q1 2018 across 77 digital health deals, according to Rock Health, a full-service venture fund dedicated to digital health.The Q1 2018 Rock Health report reveals investors are starting to become more confident investing in large, late stage round with the top 10 deals, representing over 55% of total funding—but only 13% of deals—in the quarter. In addition, the average deal size increase from $16.4M in 2017 to $21M in 2018.The
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Accolade Lands $50M for On-Demand Health & Benefits Solution
Accolade, a Seattle, WA-based provider of a personalized health and benefits solution has raised $50 million in funding led by existing investors Andreessen Horowitz, Carrick Capital Partners, Madrona Venture Group and McKesson Ventures, with participation from new investors Cross Creek Advisors and Madera Technology Partners. The startup intends to use the funds to grow its workforce, and expand its Personalized Advocacy solution used by more than 1.1 million U.S. employees and their families
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GSK Acquires Novartis’ Consumer Healthcare Business for $13B
GlaxoSmithKline (GSK) has reached an agreement to acquire Novartis’ consumer healthcare joint venture for $13 billion. The acquisition will enable GSK’s shareholders to capture the full value of GSK’s Consumer Healthcare growth and is well positioned to deliver sales growth, operating margin improvements and attractive returns.Upon terms of the agreement, India remains a priority market for GSK investment and growth. The Consumer Healthcare business will continue to invest in growth
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New Study Uses Fitbit Devices to Assess Impact of Sleep Tracker Data on Patient-Provider Communication
A new study from the National Sleep Foundation and Merck, in collaboration with the Regenstrief Institute, will use Fitbit devices to examine whether using sleep tracker data might improve patient-provider communication, and ultimately, patient satisfaction with that communication.Study participants will use Fitbit Charge2 devices to help collect real-time sleep data and securely deliver this information to the NSF’s SleepLife secure interface, accessible to both the patient and their physician.
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LetsGetChecked Raises $12M to Expand At Home Health Testing Platform
LetsGetChecked, a Dublin, Ireland-based medical health testing platform that allows customers to access regulated laboratory testing and self-test from the comfort of home, announced it has raised $12 million in Series A funding to fuel US expansion. Led by Optum Ventures, the independent venture fund of health services leader Optum, and Qiming Venture Partners, a leading Chinese venture capital firm, the funding will be used to scale the company, fuel development of the technology platform
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Babyscripts Launches Care Navigator Module to Support Underserved Expecting Mothers
Washington D.C.-based digital health startup Babyscripts, the first mobile, clinical tool to allow OB/GYNs to remotely monitor their pregnant patients’ progress and health, has launched the Care Navigator module to extend its offering to underserved expecting moms. The new module adds additional features to cater to women who have poor access to care, and/or deal with external challenges, which threaten their ability to access care. The new module is a slight departure from Babyscripts’ other
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DarioHealth Awarded FDA (510K) Clearance for iPhone Smart Glucose Meter App
DarioHealth, an Israli-based global digital health company with mobile healthand big data solutions, announced today that the United States Food and Drug Administration (FDA) has granted Pre-market Notification (510(k)) clearance for the Company's Lightning®-enabled version of the acclaimed Dario Blood Glucose Monitoring System which enables the use of the Dario app on iPhone 7, 8 and X smart mobile devices (SMD). Consumers in the U.S. market will be able to receive the same quality user
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BioIQ Lands $26.5M to Expand Population Health Measurement Platform
BioIQ, an Atlanta, GA-based platform for population health measurement has raised $26.5M in funding led by HealthQuest Capital, with participation from Arboretum Ventures and select insiders. The company will use the funds to to expand its reach into new markets and accelerate product growth and innovation. The company plans to use the latest round of funding to expand into new markets and accelerate product growth and innovation.Founded in 2005 by Justin Bellante, BioIQ provides tools that
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