7wireVentures is an early stage healthcare venture firm based in Chicago has closed a $100 million fund and formed a coalition with eight healthcare provider and plans dedicated to investing in companies that use technology to help consumers get and stay healthy. The coalition of leading healthcare service organizations include Allina Health, Arkansas BlueCross BlueShield, Bon Secours Health System, Cigna, Horizon Blue Cross Blue Shield of New Jersey, Memorial Hermann Health System, Rush
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
HHS Launches KidneyX to Drive Innovation in Kidney Disease Treatment
The U.S. Department of Health and Human Services (HHS) is teaming up with American Society of Nephrology to launch the Kidney Innovation Accelerator (KidneyX), a a public-private partnership to accelerate innovation in the prevention, diagnosis, and treatment of kidney diseases. KidneyX will engage a community of researchers, innovators, and investors to enable and accelerate the commercialization of therapies to benefit people with and at risk for kidney diseases through a series of prize
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iBeat Closes Additional $5.5M to Bring Wearable Heart Monitoring Smartwatch to Market
iBeat, makers of the heart monitoring smartwatch wearable that perpetually monitors and detects cardiac arrest, heart attack, and atrial fibrillation has closed another $5.5 million in seed funding, bringing to the total funding round to $10 million. The second tranche of funding includes new investors Kairos, 8VC, City Light Capital, Plug and Play Ventures, ChinaRock Capital Management, as well as angel investors Tony Robbins, Josh Kazam, Shlomo Ben-Haim, Dr. Fred St. Goar, and Dr. Uma
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EXL Acquires Payment Integrity Company SCIO Health Analytics for $240M
EXL, an operations management and analytics company has signed an agreement to acquire SCIO Health Analytics, a West Hartford Connecticut-based leading healthcare analytics solution and services company for $240 million, excluding adjustments for cash, debt, and working capital. SCIO has been focused on using next-generation analytics to help payers, providers, and life sciences organizations make the transition to value-based care, improve revenue, reduce financial loss, uncover fraud, waste,
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SwipeSense Acquires Mobile App iScrub Lite for Recording Hand Hygiene Observations
SwipeSense, a Chicago-based healthcare technology company, today announced the acquisition of iScrub Lite, the leading mobile app for hand hygiene observation. Originally conceived and developed by the Computational Epidemiology Research Group at the University of Iowa, iScrub Lite was launched to simplify the time-consuming and error-prone process of recording hand hygiene observations and sharing the results with health care professionals. In fact, the CDC has recommended iScrub Lite as a part
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Catchwind Innovations Partners with VantEdge Ventures to Foster Medical Innovation
Catchwind Innovations, a Minneapolis-based healthcare innovation company, and VantEdge Ventures, a Chicago-based innovation firm and venture fund, have announced a strategic partnership to foster medical innovation. Catchwind Innovations accelerates and provides visibility to the development path for healthcare technology and medical device startups from concept to commercialization. Its proprietary system and revolutionary approach connects entrepreneurs at any stage to the expertise, resources
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Suki Lands $20M to Create AI-Driven Alexa for Doctors Platform
Suki, an n AI-powered, voice-enabled digital assistant for doctors that lifts the burden of documentation has raised $20 million that comes from a Series A round led by Venrock with participation from First Round and Social Capital, as well as individual Googlers and angels, Nat Turner of Flatiron Health, and Marc Benioff. Venrock also led the seed round.Founder by former Google and Salesforce executives Punit Soni and Karthik Rajan, Suki's AI-driven voice-enabled digital assistant for doctors
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Health2047 Nabs $27.2M from AMA to Ramp Up Innovation Incubator
Health2047, a Silicon Valley-based healthcare innovation enterprise has announced a $27.2 million follow-on investment from its founding partner, the American Medical Association (AMA). Health2047 plans to utilize the funding ramp up development and commercialization of promising new technology-based solutions in the areas of chronic disease reduction, radical productivity change, and value-based healthcare. Launched in 2016, Health2047’s mission is to transform U.S. healthcare at the system
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Fitbit and Google Team Up to Develop Consumer and Enterprise Health Solutions
Fitbit and Google are exploring the development of consumer and enterprise health solutions. Fitbit intends to use Google’s new Cloud Healthcare API to help the company integrate further into the healthcare system, such as by connecting user data with electronic medical records (EMR). Combining Fitbit data with EMRs can provide patients and clinicians a more comprehensive view of the patient profile, leading to more personalized care. The companies will also look to help better manage chronic
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Report: Patients Worried Digital Therapeutics will Expose Them to Unwanted Surveillance
New research released today by healthcare innovation consultancy Enspektos, LLC reveals that digital therapeutics, defined as innovations such as prescription medications with embedded sensors and mobile applications that may one day replace drugs, are rapidly growing in scope and importance globally.The research also highlights deep patient concerns about whether digital therapeutics will expose them to unwanted surveillance or that data collected by these applications could be sold or used
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