What You Should Know:
Verifiable, an API-first innovator to the antiquated provider network management software category, has raised $27 million in Series B funding led by Craft Ventures to accelerate its next stage of growth and product innovation. Verifiable’s comprehensive suite of network management solutions and real-time verifications empowers healthcare organizations to expedite credentialing from multiple weeks to a matter of days. For customers, these efficiency gains can
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Digital Health Funding Reaches $6.1B in First Half of 2023
What You Should Know:
Digital health funding in H1 2023 shows fewer deals, lower check sizes, and a smaller cohort of sector investors, according to the latest Rock Health report. Founders, investors, and healthcare innovators are adjusting to the new status quo, with some startups pursuing unlabelled raises, seasoned investors looking for the next big startups, and companies making decisions to sunset their businesses while their assets may continue as acquisitions or relaunched
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Alfie Health Raises $2.1M for AI-Powered, Virtual Obesity Clinic
What You Should Know:
With 42 percent of Americans now struggling with obesity, doctors and their patients are looking for a sustainable approach to weight loss. Currently, prescription medications known as the GLP-1 class of anti-obesity medications (such as Ozempic, Wegovy, Mounjaro, etc.) are becoming extremely popular as a way to lose 10-15 percent of body weight on average. However, these drugs can come with significant issues and downsides.Now a new virtual clinic for patients with
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New AI ECG Algorithm Beats Standard Approaches for Detecting Heart Attacks
What You Should Know:
A new machine learning model uses electrocardiogram (ECG) readings to diagnose and classify heart attacks faster and more accurately than current approaches, according to a study led by University of Pittsburgh researchers that published today in Nature Medicine.The model was developed by co-author Ervin Sejdić, Ph.D., associate professor at The Edward S. Rogers Department of Electrical and Computer Engineering at the University of Toronto and the Research
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French Startup Gleamer Raises $29.4M for AI-Powered Medical Imaging
What You Should Know:
Gleamer, a Paris, France-based European manufacturer in AI-powered solutions for medical imaging raises €27M ($29.4M USD) in Series B funding led by Supernova Invest, co-led by Heal Capital and backed by Gleamer’s long-term partners XAnge, Elaia, Bpifrance via the funds Digital Venture and F3A from France 2030, MACSF, Crista Galli Ventures, and UI Investissement, as well as several European radiologists. Founded in 2017, Gleamer’s suite of AI-powered solutions
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Flywheel Secures $54M for Medical AI Imaging Platform
What You Should Know:
Flywheel, a Minneapolis-based medical imaging data and AI platform raises $54M in Series D funding, backed by tech giants including NVIDIA, Microsoft, and more.Flywheel helps organizations turn complex imaging data into analysis-ready datasets for accelerated research and AI development. Flywheel offers comprehensive solutions for pharma companies, providers, payers, system integrators, AI developers and academic medical centers to get optimum value out of
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Augmedics Raises $82.5M for Augmented Reality Spine Surgery Platform
What You Should Know:
Augmedics, a Chicago-based provider of augmented reality (AR) surgical navigation raises $82.5M in Series D funding led by CPMG and adds Evidity Health Capital as a syndicate partner, with participation from current investors H.I.G. Capital, Revival Healthcare Capital, Almeda Ventures and others.The company’s revolutionary xvision Spine System® allows surgeons to see patients’ anatomy as if they have “x-ray vision” and accurately navigate instruments and
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Oaktree Closes $2.3B Life Sciences Lending Fund
What You Should Know:
Oaktree Capital Management has closed its Life Sciences Lending Fund with a total capital commitment of $2.3B, representing the largest pool of capital ever raised dedicated to the space. Oaktree’s Life Sciences Lending Fund aims to generate attractive risk-adjusted returns by providing bespoke capital solutions to innovative companies across the life sciences sector globally, with a focus on high-growth subsectors, such as biopharma and medical
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Shoni Health Ventures Launches Health Tech VC Fund
What You Should Know:
Shoni Health Ventures, a new health tech VC fund announces it’s official launch affiliated with ARC Innovation at Sheba Medical Center. The affiliation with Sheba Medical Center gives portfolio companies access to global ecosystem partners, including leading health systems and medical personnel, and more than 25 years of medical data. The fund will invest in early-stage (pre-seed and seed stage) startups and will utilize its unique resources to support entrepreneurs
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DUOS Raises $10M to Empower Older Adults to Live Independently
What You Should Know:
DUOS, a digital health company focused on empowering older adults to live independently, announced today an additional $10M in funding led by Primetime Partners, SJF Ventures, and CEOC's Aging Innovation Fund managed by Castellan Group. Founded in 2020, DUOS focuses on older adults' aging needs and maximizes their well-being by connecting them with untapped health plan benefits and building high-trust relationships. The DUOS' System of Aging technology connects
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