ICON, a global provider of drug development solutions and services has acquired MolecularMD, a molecular diagnostic specialty laboratory that enables the development and commercialization of precision medicines in oncology. The acquisition of MolecularMD’s extensive scientific and clinical biomarker experience expands the ICON’s capabilities in molecular diagnostic testing and also adds expanded testing platforms, including next-generation sequencing and immunohistochemistry, to ICON’s
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Study: VR-AI Therapy Cuts Night Flashes in Half for Cancer Patients
A new clinical study from VRHealth cites that breast cancer patients reduced hot flashes and night sweats by 50% using VR-AI therapy coaching environment. In addition, study participants reported significant improvements in their sleep quality and fewer disruptions to their daily lives following a three-week experiment with the VR solution. VRHealth is a digital health company focused on helping clinicians better manage their patients' care via specialized virtual reality (VR) technology
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Covera Health Nabs $8.5M for Data Analytics Platform to Improve Healthcare Outomes
Covera Health, an NYC-based provider of analytics-based programs to reduce medical misdiagnoses and improve quality of care has raised $8.5 million in Series A funding led by Equity Group Investments (EGI). The Series A round also included select strategic and individual investors. Founded in 2017, Covera Health leverages advanced data analytics to build Radiology Centers of Excellence Programs for employers, health plans, and other healthcare entities to reduce misdiagnoses, improve patient
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NarrativeDx Raises $3M for Patient Experience Intelligence Platform
NarrativeDx, an Austin, TX-based artificial intelligence (AI) company that provides actionable insights from patient and provider feedback, today announced it has raised $3 million in strategic funding led by Christiana Care Health System, Summation Health Ventures and The Texas Medical Center. Also joining the round are HealthX Ventures and Cultivation Capital, who participated in previous rounds of funding. NarrativeDx will use the funds to accelerate sales and marketing, product innovation,
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Emedgene Lands $6M to Expand AI-Driven Genomics Interpretation Platform
Emedgene, a Palo Alto, CA-based artificial intelligence (AI) driven genomics interpretation platform, today announced it has raised $6 million in funding led by health-focused OliveTree Ventures. The company plans to utilize the latest round of funding to expand sales operations in the US. Emedgene's Genomics Intelligence Platform OverviewThis rise in genomics-based medicine is putting tremendous pressure on geneticists globally - who must analyze and interpret each test. It is a costly,
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Teckro Lands $25M to Make Clinical Trials Data Accessible to Research Staff
Teckro, an NYC-based technology platform that makes the conduct of clinical trials simple, more transparent and more inclusive for doctors, research nurses and patients announced it has raised $25 million in funding. The Series C funding round was led by Northpond Ventures with participation from Founders Fund, Sands Capital Ventures, Bill Maris’ Section 32 venture fund, and Borealis Ventures. Teckro’s total funding now stands at $43 million.Making Your Clinical Trial Information Instantly
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Johnson & Johnson to Acquire Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson, today announced it has entered into a definitive agreement to acquire Auris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately held developer of robotic technologies, initially focused on lung cancer, with an FDA-cleared Monarch platform currently used in bronchoscopic diagnostic and therapeutic procedures. This acquisition will accelerate Johnson & Johnson’s entry into robotics and strengthens its digital surgery
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Providence St. Joseph Health Acquires Blockchain-Powered Revenue Cycle Platform Lumedic
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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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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