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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant

Arbital Health Acquires Actuarial Firm & Secures $10M for Value-Based Care Adjudication

by Fred Pennic 01/04/2024 Leave a Comment

Arbital Health Acquires Actuarial Firm & Secures $10M for Value-Based Care Adjudication

What You Should Know: - Arbital Health, a rising star in the value-based care space, announced a significant double play today, acquiring leading actuarial firm Santa Barbara Actuaries and securing $10 million in Series A funding led by Transformation Capital. - This strategic move positions Arbital Health as a major player in accelerating the healthcare industry's transition to a more outcome-driven model. Building the Infrastructure for Value-Based Care Founded in November 2023 by
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Credo Health Secures $5.25M to Revolutionize Value-Based Care with AI-Powered Platform

by Fred Pennic 01/04/2024 Leave a Comment

Credo Health Secures $5.25M to Revolutionize Value-Based Care with AI-Powered Platform

What You Should Know: - Credo Health, a game-changer in value-based care technology, has secured $5.25M in Series Seed funding, led by FCA Venture Partners with strong participation from existing investors Hannah Grey VC, FirstMile Ventures, and SpringTime Ventures. This significant investment fuels Credo's mission to become the definitive platform for value-based care providers, empowering them to thrive in the evolving healthcare landscape. Bridging the Data Gap Credo Health's core
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Devoted Health Secures $175M to Expand Medicare Advantage Plans for Seniors

by Fred Pennic 01/02/2024 Leave a Comment

Devoted Health Secures $175M to Expand Medicare Advantage Plans for Seniors

What You Should Know: - Devoted Health, a leading provider of all-in-one healthcare for Medicare beneficiaries, has secured $175M in Series E funding, demonstrating continued investor confidence in its mission to revolutionize senior care. - The round was led by a lead syndicate composed of The Space Between (TSB), Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures. Also participating in the funding round were Socium Ventures, Emerson Collective, Andreessen
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UNP Scores $32M for AI-Powered Macrocycle Therapeutics

by Fred Pennic 12/19/2023 Leave a Comment

UNP Scores $32M for AI-Powered Macrocycle Therapeutics

What You Should Know: - Unnatural Products, Inc. (UNP), a biotech company harnessing the power of AI and chemistry to design the next generation of targeted therapeutics, has secured $32M in Series A funding. - Led by Merck Global Health Innovation Fund (MGHIF) and TechBio-focused ARTIS Ventures,  the funding will help propel UNP's innovative platform and expand its reach beyond oncology, tackling a wider range of medical challenges. Macrocycles: Nature's Key to Untapped Drug
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KAID Health Secures $9M to Drive AI-Driven Healthcare Efficiency

by Fred Pennic 12/19/2023 Leave a Comment

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship platform, Whole Chart Analysis, leverages cutting-edge natural language processing (NLP) to unlock the true potential of electronic medical records (EMRs). Unlike traditional NLP solutions that focus on specific data points, KAID Health goes beyond, analyzing every available piece of information within a patient's chart, including notes, conditions, medications, and lab results. This comprehensive approach enables: • Improved coding accuracy and capture: KAID Health demonstrably boosts coding accuracy, ensuring providers receive proper financial compensation while improving data-driven decision-making. • Streamlined quality reporting: Effortlessly fulfilling complex quality reporting requirements, freeing up valuable time for clinicians. • Enhanced care management: KAID Health identifies key patient needs, facilitating proactive care interventions and optimizing clinical outcomes. Real-World Impact, Proven Results KAID Health's impact extends beyond theoretical promises. To date, the platform has already: • Revolutionized Medicare Advantage coding for large provider groups nationwide. • Simplified chart review for prior authorization and clinical trial enrollment. • Outperformed physicians in identifying surgical risks at a major medical center. "KAID Health continues to deploy technology that makes clinicians more efficient, translates that efficiency into more cost-effective care, and grows revenues," explained Kevin Agatstein, CEO of KAID Health. "By combining best-in-class, scalable, flexible, secure technology with deep clinical workflow and market expertise, we can partner with each customer to meet their informatics needs while alleviating chronic staff shortages."

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship
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Biorithm Secures $3.5M to Revolutionize Connected Maternity Care

by Jasmine Pennic 12/18/2023 Leave a Comment

Biorithm Secures $3.5M to Revolutionize Connected Maternity Care

What You Should Know: - Biorithm, a global women's health medtech company, has secured $3.5M in Series A funding to fuel its mission of improving maternal health outcomes and reducing preventable pregnancy complications. - This investment, co-led by Adaptive Capital Partners and SEEDS Capital, will support Biorithm's expansion in key markets like Southeast Asia and the United States, as well as the advancement of its flagship Femom technology. Combating Preventable
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ARTIS Ventures Closes $200M TechBio Fund to Support Next Era of Health & Medicine Innovation

by Jasmine Pennic 12/14/2023 Leave a Comment

ARTIS Ventures Closes $200M TechBio Fund to Support Next Era of Health & Medicine Innovation

What You Should Know: - ARTIS Ventures, a pioneer in this "TechBio" revolution, announces the closing of its second fund, TechBio II, with $200M focused on healthcare and biology innovation. - The fund aims to support early-stage companies to transform human health and well-being by leveraging growing data sets, advanced analytics, and insights. TechBio II Investment Thesis Diseases once deemed incurable now have hope, personalized therapies are becoming a reality, and the human body
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Cytovale Secures $84M for Transformative Sepsis Diagnostic Tool

by Syed Hamza Sohail 12/05/2023 Leave a Comment

Cytovale Secures $84M for Transformative Sepsis Diagnostic Tool

What You Should Know: Cytovale®, a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases, today announced it has raised $84 million in Series C funding led by Norwest Venture Partners with participation by additional new investors Sands Capital and Global Health Investment Corporation (GHIC).The financing included participation from other new and existing investors, as well as the conversion of
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Intuitive Ventures Closes $150M Fund to Fuel Revolution in Minimally Invasive Care

by Fred Pennic 12/04/2023 Leave a Comment

Intuitive Ventures Raises $150M to Fuel Revolution in Minimally Invasive Care

What You Should Know: - Intuitive Ventures, an early-stage venture capital fund dedicated to reimagining minimally invasive care, announced the close of its second fund at $150M. - The funding signifies their unwavering commitment to supporting visionary founders who are transforming healthcare through precision diagnostics, secure digital ecosystems, and improved access to coordinated care. Building on a Strong Foundation In 2020, Intuitive Ventures launched its inaugural fund of
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Alcohol Tracking App Sunnyside Raises $11.5M to Support Healthier Drinking Habits

by Jasmine Pennic 12/01/2023 Leave a Comment

Alcohol Tracking App Sunnyside Raises $11.5M to Support Healthier Drinking Habits

What You Should Know: - Sunnyside, an app and program that helps people build healthier habits around drinking alcohol, today announced $11.5M in Series A funding and the hire of Steve Lloyd as Chief Product and Technology Officer. - The funding round was led by Motley Fool Ventures with major participation from Will Ventures, bringing the company's total funding to $14.6M to date. Additional Series A investors include Uncork Capital, Offline Ventures, Joyance
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