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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant

KAID Health Secures $9M to Drive AI-Driven Healthcare Efficiency

by Fred Pennic 12/19/2023 Leave a Comment

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship platform, Whole Chart Analysis, leverages cutting-edge natural language processing (NLP) to unlock the true potential of electronic medical records (EMRs). Unlike traditional NLP solutions that focus on specific data points, KAID Health goes beyond, analyzing every available piece of information within a patient's chart, including notes, conditions, medications, and lab results. This comprehensive approach enables: • Improved coding accuracy and capture: KAID Health demonstrably boosts coding accuracy, ensuring providers receive proper financial compensation while improving data-driven decision-making. • Streamlined quality reporting: Effortlessly fulfilling complex quality reporting requirements, freeing up valuable time for clinicians. • Enhanced care management: KAID Health identifies key patient needs, facilitating proactive care interventions and optimizing clinical outcomes. Real-World Impact, Proven Results KAID Health's impact extends beyond theoretical promises. To date, the platform has already: • Revolutionized Medicare Advantage coding for large provider groups nationwide. • Simplified chart review for prior authorization and clinical trial enrollment. • Outperformed physicians in identifying surgical risks at a major medical center. "KAID Health continues to deploy technology that makes clinicians more efficient, translates that efficiency into more cost-effective care, and grows revenues," explained Kevin Agatstein, CEO of KAID Health. "By combining best-in-class, scalable, flexible, secure technology with deep clinical workflow and market expertise, we can partner with each customer to meet their informatics needs while alleviating chronic staff shortages."

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship
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Biorithm Secures $3.5M to Revolutionize Connected Maternity Care

by Jasmine Pennic 12/18/2023 Leave a Comment

Biorithm Secures $3.5M to Revolutionize Connected Maternity Care

What You Should Know: - Biorithm, a global women's health medtech company, has secured $3.5M in Series A funding to fuel its mission of improving maternal health outcomes and reducing preventable pregnancy complications. - This investment, co-led by Adaptive Capital Partners and SEEDS Capital, will support Biorithm's expansion in key markets like Southeast Asia and the United States, as well as the advancement of its flagship Femom technology. Combating Preventable
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ARTIS Ventures Closes $200M TechBio Fund to Support Next Era of Health & Medicine Innovation

by Jasmine Pennic 12/14/2023 Leave a Comment

ARTIS Ventures Closes $200M TechBio Fund to Support Next Era of Health & Medicine Innovation

What You Should Know: - ARTIS Ventures, a pioneer in this "TechBio" revolution, announces the closing of its second fund, TechBio II, with $200M focused on healthcare and biology innovation. - The fund aims to support early-stage companies to transform human health and well-being by leveraging growing data sets, advanced analytics, and insights. TechBio II Investment Thesis Diseases once deemed incurable now have hope, personalized therapies are becoming a reality, and the human body
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Cytovale Secures $84M for Transformative Sepsis Diagnostic Tool

by Syed Hamza Sohail 12/05/2023 Leave a Comment

Cytovale Secures $84M for Transformative Sepsis Diagnostic Tool

What You Should Know: Cytovale®, a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases, today announced it has raised $84 million in Series C funding led by Norwest Venture Partners with participation by additional new investors Sands Capital and Global Health Investment Corporation (GHIC).The financing included participation from other new and existing investors, as well as the conversion of
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Intuitive Ventures Closes $150M Fund to Fuel Revolution in Minimally Invasive Care

by Fred Pennic 12/04/2023 Leave a Comment

Intuitive Ventures Raises $150M to Fuel Revolution in Minimally Invasive Care

What You Should Know: - Intuitive Ventures, an early-stage venture capital fund dedicated to reimagining minimally invasive care, announced the close of its second fund at $150M. - The funding signifies their unwavering commitment to supporting visionary founders who are transforming healthcare through precision diagnostics, secure digital ecosystems, and improved access to coordinated care. Building on a Strong Foundation In 2020, Intuitive Ventures launched its inaugural fund of
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Alcohol Tracking App Sunnyside Raises $11.5M to Support Healthier Drinking Habits

by Jasmine Pennic 12/01/2023 Leave a Comment

Alcohol Tracking App Sunnyside Raises $11.5M to Support Healthier Drinking Habits

What You Should Know: - Sunnyside, an app and program that helps people build healthier habits around drinking alcohol, today announced $11.5M in Series A funding and the hire of Steve Lloyd as Chief Product and Technology Officer. - The funding round was led by Motley Fool Ventures with major participation from Will Ventures, bringing the company's total funding to $14.6M to date. Additional Series A investors include Uncork Capital, Offline Ventures, Joyance
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Pepper Bio, the ’Google Maps for Drug Discovery’, Secures $6.5M to Streamline R&D

by Syed Hamza Sohail 11/30/2023 Leave a Comment

NFX & Merck Back Pepper Bio, the 'Google Maps for Drug Discovery,' with $6.5M to Streamline R&D

What You Should Know: Pepper Bio, the “Google Maps for drug discovery,” today announced an oversubscribed $6.5 million seed round led by NFX with participation from Silverton Partners, Merck Digital Sciences Studio, Mana Ventures, Tensility Ventures, VSC Ventures, and more. Pepper Bio is the world’s first transomics company, which maps data across all the -omics layers and translates it into the fastest route for discovering new drugs, finding new uses for existing
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Culmination Bio Raises $10M to Bring Longitudinal Health Data to Biopharma

by Syed Hamza Sohail 11/30/2023 Leave a Comment

Culmination Bio Raises $10M to Bring Longitudinal Health Data to Biopharma

What You Should Know: Culmination Bio, a company building the largest disease-agnostic patient data intelligence platform, today announced a $10 million investment from Merck Global Health Innovation Fund (Merck GHI) and Amgen Ventures.As a spinoff from Intermountain Health, Culmination Bio maintains exclusive rights to a physical library and cloud-based data lake covering over 40 years of de-identified patient electronic health records and biospecimen data. Data
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Vivodyne Secures $38M for AI-Powered Drug Discovery Platform

by Fred Pennic 11/30/2023 Leave a Comment

Vivodyne Secures $38M for AI-Powered Drug Discovery Platform

What You Should Know: - Vivodyne, a biotech company that accelerates drug discovery by testing therapies on lab-grown human organs raises $38M in total seed financing, led by Khosla Ventures, with participation from Kairos Ventures, CS Ventures, MBX Capital, and Bison Ventures. - The funding will support Vivodyne's development of a clinically predictive AI stack and discovery pipeline, which utilizes lab-grown human organ tissues to identify novel therapeutic targets and predict patient
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PayGround Secures $19.7M to Expand Healthcare Fintech Payments Platform

by Fred Pennic 11/29/2023 Leave a Comment

Payground Secures $19.7M to Expand Healthcare Fintech Payments Platform

What You Should Know: - PayGround, a Gilbert, AZ-based healthcare fintech payments platform, announced closing a $19.7M oversubscribed Series A financing led by SixThirty with participation from  Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures. - The funding will bolster the company’s rapid expansion into hospitals and health systems, building on its success in the ambulatory market, as well as grow its senior leadership
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