New York-based in-home care startup Hometeam has raised $27.5M in Series B funding led by Oak HC/FT with existing investors Lux Capital, IA Ventures and Recruit Strategic Partners. Hometeam transforms the aging experience by providing families expert caregiver matching, custom iPads, and a care team to promote healthy & active days. The capital will be used to accelerate its medical and technology development as it continues to experience ever-increasing growth in New York, New Jersey and
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Quality Systems, Inc. Completes $165M HealthFusion Acquisition
Quality Systems, Inc. announced today completion of its acquisition of San Diego-based HealthFusion, a cloud-based software for physicians, hospitals and medical billing services for $165 million plus potential additional contingent consideration of up to $25 million.
“We are pleased to close the HealthFusion transaction on schedule and consistent with the terms previously mentioned,” said Rusty Frantz, president and chief executive officer at Quality Systems, Inc. in an official statement.
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Zipnosis Raises $17M for White-Labeled Virtual Care Platform
Zipnosis, a Minneapolis, MN-based virtual care platform has raised a $17 million in Series A funding led by Safeguard Scientifics, Inc. The round also included participation from Ascension Ventures, a subsidiary of Ascension, the nation’s largest non-profit and Catholic health system; along with existing investors Fairview Health Services, Hyde Park Venture Partners, Arthur Ventures, Waterline Ventures and Omphalos Ventures.
Zipnosis offers virtual care for more than 90 conditions and is
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Assurex Health Nabs $15M for Precision Medicine for Behavioral Health
Assurex Health, Inc., a commercial-stage, informatics-based precision medicine company providing treatment decision support to healthcare providers for behavioral health and chronic pain conditions, has secured an additional $15 million in equity funding.
Assurex Health’s proprietary technology is based on pharmacogenomics— the study of the genetic factors that influence an individual’s response to drug treatments—as well as evidence-based medicine and clinical pharmacology. The GeneSight
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OrbiMed Launches $950M VC Fund
OrbiMed, a leading investment firm focused on the healthcare sector, announced the closing of its next venture capital fund, OrbiMed Private Investments VI, LP, with $950 million in limited partner commitments. Investors in the fund include some of the preeminent medical research institutions globally, along with leading endowments, foundations and sovereign wealth funds.
Consistent with its predecessor funds, the new fund will invest in all stages and sectors of the healthcare industry, with
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WellDoc Pulls In $22M To Accelerate Mobile Prescription Therapy Adoption
Digital health technology company WellDoc today announced $22 million in Series B funding led by Samsung Ventures and Merck Global Health Innovation (GHI) Fund serving as co-lead. Other participants in the round include Adage Capital Management, Excel Venture Management, Alexandria Venture Investments and Hudson River Capital Partners LLC.
Welldoc plans to utilize the funding to continue commercialization and accelerate adoption of its flagship product, BlueStar, a FDA cleared mobile
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Chiron Health Nabs $2.3M to Get Physicians Fully Reimbursed for Telehealth Visits
Telemedicine software and reimbursement services provider Chiron Health has $2.3 million in seed funding to bring a robust set of telemedicine tools to physician practices. Chiron Health is the only platform designed to get physician practices fully reimbursed for secure video visits covering both Medicare and Medicaid as well as private payers. Through their extensive knowledge of telemedicine regulation and reimbursement, the company guides practices through the complexities of telemedicine.
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Castlight Health Talks Where Predictive Analytics Is Heading in 2016
It’s been hailed as the next “big thing” in healthcare. Predictive analytics promises to aid in every aspect, from creating administrative efficiencies to improving outcomes. But beyond the algorithmic buzz, predictive analytics isn’t just going to help providers make better decisions, according to Castlight Health’s Chief R& D Officer, Jonathan Rende.
Turns out, predictive analytics has the potential to reveal a lot more for patients, including the competitive costs of procedures and how
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Kaiser Permanente Ventures Pumps $10M into Vidyo for Telehealth
Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente has invested $10 million in high quality visual communications Vidyo for telehealth and video collaboration. The Vidyo funding round also includes $5M from existing investors, for a total of $15M follow-on round of funding. The company will use the funds to accelerate growth in vertical markets.
The VidyoWorks platform has a FIPS 140-2 certified crypto-kernel, providing HIPAA-compliant encryption, and a rich
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Rock Health Releases 2015 Digital Health Funding: 11 Trends to Know
Rock Health, provider of full-service funding to promising entrepreneurs breaking into healthcare has released their Digital Health Funding: Year in Review 2015 Report, an in-depth analysis report of all digital health funding in 2015. The report found digital health funding in 2015 surpassed $4.3B, up from $4.1B in 2014. This represents 278 deals across 248 companies, closing with a new record average deal size of $15.6M.
The report produced by Halle Tecco, Mara Perman, Teresa Wang, Emily
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