Axial Healthcare, Inc., a cloud-based clinical decision support platform for managing the cost and quality of patient care, announced today that it has closed an $8 million Series A round of funding. The round was led by .406 Ventures and Liam Donohue, .406 Venture’s Co-Founder and Managing Partner, has joined Axial’s Board of Directors. Previous investors, including BlueCross BlueShield Venture Partners and Sandbox Industries, also participated in the funding.The new funding will enable the
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
NantHealth Acquires Harris Healthcare Solutions to Optimize Patient-Clinician Experience
NantHealth, a subsidiary of NantWorks, LLC, announced it has completed the acquisition of Harris Corporation’s commercial Healthcare Solutions business, a clinical systems integration innovator. Harris retained its government healthcare services business. Financial terms of the transaction were not disclosed.
As part of the acquisition, NantHealth’s existing cOS, eviti and omics platforms will combined with Harris’ FusionFX® suite of products. The integration will delivers on the promise of
Read More
Blueprint Health Launches Its 8th Class of Digital Health Startups
Blueprint Health, a NYC based mentor-focused health technology accelerator has revealed its Summer 2015 Accelerator class (eight class) of eight digital health startups to its portfolio. Blueprint is a member of TechStars’ Global Accelerator Network. Today’s addition of eight companies brings the accelerator’s total to 68 digital health with more than 140 entrepreneurs in Blueprint’s alumni community.
To date, 87% of Blueprint’s companies are still in operation and 85% of those companies are
Read More
Accolade Secures $22.5M to Enhance Consumer Healthcare Engagement
Accolade, the consumer health engagement platform for large employers and payers, announced that it has secured $22.5 million in strategic funding from a subsidiary of Independence Health Group, the parent company of Independence Blue Cross (Independence), and McKesson Ventures.
Accolade will use this investment to further strengthen its technology and analytics capabilities while capitalizing on a growing market demand for healthcare solutions that are proven to save money, drive the right
Read More
DreamIt Health Philadelphia Unveils Its Latest Class of Startups
Philadelphia-based healthcare technology incubator Dreamit Health has announced its third class of health tech startups. The selected startup teams will participate in a 16-week boot camp from from July to October 2015 to rapidly achieve key business milestones in building high-growth potential companies.
In exchange for 8% in equity, each team will receive:
– $50,000 in seed capital, plus up to $250K in follow-on funding from DreamIt Ventures.
– coaching/mentorship from successful tech
Read More
Emdeon to Acquire Altegra Health for $910M
On Monday, Emdeon Inc. announced a definitive agreement to acquire Altegra Health, a provider of data aggregation and analytics for payers for approximately $910 million in cash. The acquisition will combine Altegra Health's risk adjustment and quality analytics and Emdeon's Intelligent Healthcare Network, revenue cycle management and payment solutions, enabling the delivery of innovative products designed to help customers elevate care quality, optimize financial performance.
Acquisition
Read More
20 Promising Canadian Digital Health Companies to Watch
“A company’s odds of success are better the closer they can get to their market,” argues Stephen Hurwitz, a thought leader in the Canadian venture capital industry, recognizing that the proximity to a VC-tech hub can help the success rate of Canadian startups.
A socialized healthcare system, Canada’s market is fragmented by province and type of care – most primary and emergency care is free for residents whereas specialty care, prescription drugs, long-term and in-home care amongst others,
Read More
Teladoc IPO Raises $157M, Shares Priced at $19
Today, Dallas-based telehealth provider, Teladoc initial public offering (IPO) debut under the symbol “TDOC" on the New York Stock Exchange at $19 per share, raising $157 million. The underwriters for the offering also have a 30-day option to purchase up to an additional 1,237,500 shares of Teladoc common stock.
Founded in 2002, the company emerged as an early leader in the growing telehealth space as self-insured employers and insurance companies look for ways to cut healthcare costs by
Read More
Allscripts Makes $200M Equity Investment in NantHealth, IPO Imminent
Ambulatory EHR leader Allscripts has purchased a 10% equity stake in NantHealth for $200 million and NantCapital, LLC, the personal investment vehicle of Dr. Patrick Soon-Shiong, founder of NantHealth, has made a $100 million investment into Allscripts. The financial investments strengthen the partnership between the two companies to develop an integrated, evidence-based, personalized approach to healthcare solutions that includes actionable clinical data, enabling physicians to make informed
Read More
HomeHero Raises $23M to Expand In-Home Senior Care
40% of U.S. adults today are responsible for taking care of an elderly or sick relative, according to a 2014 study by the Pew Research Center and the California HealthCare Foundation. Despite this growing number, most caregivers do not want their aging relatives living with them. Instead, family members are seeking affordable caregivers to provide in-home care for seniors.
To solve this gap in senior home care, HomeHero, a trusted marketplace advancing the in-home senior care industry has
Read More
