Providence St. Joseph Health, one of the nation's largest health systems, today has acquired Lumedic, a next-generation revenue cycle management platform powered by blockchain technology. Providence St. Joseph Health will be the first integrated provider-payer system to establish a scalable blockchain platform to transform claims processing and enhance interoperability between providers and payers.Optimizing Revenue Cycle ManagementReducing inefficiencies in revenue cycle management (RCM) has
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Health Data Platform Human API Raises $10M to Fuel Market Expansion
Human API, a San Mateo, CA-based health data network has raised $10 million funding from new investors Guardian Life Insurance Company and SCOR Life and Health Ventures, as well as returning backers BlueRun Ventures and Max Levchin's SciFi VC. The company plans to utilize the latest round of funding to accelerate product development and market expansion. Founded in 2013, Human API's data platform allows users to access, centralize and share their health data from a rapidly expanding network of
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Francisco Partners Acquires Qualcomm Life, Renames as CapsuleTech
Francisco Partners ("FP"), a Silicon Valley-based technology-focused private equity (PE) firm, today announced it has acquired Qualcomm Life, Inc. a wholly owned subsidiary of Qualcomm Incorporated that offers end-to-end medical device connectivity across the continuum of care. Financial details of the acquisition were not disclosed. Renames Qualcomm Life as CapsuleTechQualcomm Life will be separated from Qualcomm, be renamed as Capsule Technologies, Inc. ("CapsuleTech"), and continue operating
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Health Data Analytics Platform Health Catalyst Raises $100M, Reaches $1B Valuation
Health Catalyst, a Silicon Slopes, Utah-based provider of next-generation data, analytics and improvement, today announced it has raised $100 million in Series F equity and debt funding led by OrbiMed. The funding also included participation from Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, UPMC Enterprises, and Kaiser Permanente Ventures also contributed to the financing, which lifts Health Catalyst's value above $1 billion. Health Catalyst plans to use the funding
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Cognoa Awarded FDA Breakthrough Designations for Diagnostic and Digital Therapeutic Devices for Autism
Cognoa, a digital health company focused on behavioral health for children, today announced FDA Breakthrough designations for it's first diagnostic and therapeutic devices to identify and treat autism. This is the foundation for its AI-based digital precision health to support the developmental and behavioral health of children, combining diagnostics and therapeutics into one platform. This signifies a big step in the company’s expansion into therapeutics.FDA Breakthrough Devices Program
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Healthcare Blockchain Developer Embleema Nabs $3.7M to Develop Blockchain Apps for Patients
Healthcare-blockchain developer, Embleema has raised $3.7M in Series A funding round, led by strategic partner Pharmagest, a leading pharmacy software group in Europe, and Techstars. The funds will serve to accelerate the joint development of blockchain-based applications for patients and pharmacies, and further Embleema’s commercial deployment. CEO Robert Chu left his role as Senior Vice President, Global Technology Solutions at IMS Health to start Embleema in June 2017 and is supported by a
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PerfectServe Acquires AI Patient Scheduling Solution Lightning Bolt and CareWire
After 16 years of bootstrapped success, Lightning Bolt is being acquired by PerfectServe, a provider of cloud-based clinical communication and collaboration solutions. Lightning Bolt’s AI technology enables healthcare organizations to build smarter physician shift schedules that give doctors balanced hours, safer shifts, and more flexibility to take time off, all while still improving patient access.Founded in 2002 and based in San Francisco, California, Lightning Bolt is an AI-enabled solution
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Livongo Acquires Digital Behavioral Health Solution myStrength
Livongo Health, an Applied Health Signals company empowering people with chronic conditions to live better and healthier lives, today announced that it has acquired Denver-based myStrength, Inc., a provider of digital behavioral health solutions. Financial terms of the acquisition were not disclosed. The acquisition enables Livongo to more fully address the health of the whole person by integrating behavioral health conditions including depression, anxiety, stress, substance use disorder,
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Prenetics Group Acquires ‘Psychologist in a Pocket’ Kelaa App
Prenetics, a Southeast Asia-based global genetics, and digital health company announced it has acquired Kelaa App, the core product of Soma Analytics and associated assets. Founded in Germany in 2013, the Kelaa’ smartphone app available on Apple and Android devices provides tailored recommendations on how to deal with day-to-day stresses through bite-sized personalized daily sessions for employees and businesses. Used by a number of Britain’s leading medium to large enterprises, including
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Former ONC Chief Karen DeSalvo Joins LRVHealth as Executive Advisor
Former ONC Chief and Assistant Secretary at HHS joins “Inside Healthcare” investing platform focused on identifying and nurturing digital health innovation. Dr. Karen DeSalvo, who served as National Coordinator for Health Information Technology and Assistant Secretary for Health (Acting) during the Obama administration is joining LRVHealth as an executive advisor. LRVHealth is an early-stage venture platform exclusively focused on finding, investing in and building disruptive new digital health,
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