MedStack, a privacy and security compliance solution for healthcare apps, today announced it has raised a $2.4 million in seed funding. The seed round was led by TELUS Ventures, with participation from ScaleUP Ventures and Panache Ventures. Existing investor Ontario Centres of Excellence and several existing angel investors also participated in this round.The TELUS Ventures investment into MedStack represents a strategic synergy between MedStack's growing reputation as an enabler for digital
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Crossover Health Acquires Virtual Primary Care Platform Sherpaa Health
Crossover Health, a provider of comprehensive health services for self-insured employers, has acquired the exclusive rights to the technology platform developed by Sherpaa Health, the pioneer of virtual primary care. The announcement is part of Crossover Health’s efforts to accelerate the creation of a seamless “in person, online and anytime” system of health for its national base of self-insured employers and their employee members.Virtual Primary Care PioneerFounded in 2012 by Jay Parkinson,
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ICON Acquires Precision Medicine for Oncology Company MolecularMD
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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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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