What You Should Know:
- OrbiMed, a global healthcare investment firm raises $4.3B in commitments across its four investment funds: OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV.
- The $4.3B will be used to invest globally, from the seed stage for start-ups incubated by OrbiMed through growth capital opportunities. Investors in these new funds include a broad range of medical institutions, university endowments, foundations,
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Prolucent Secures $4M for Healthcare Workforce Optimization
What You Should Know:
- Dallas-based Prolucent, a healthcare workforce optimization company announced it has secured $4M in funding by A1 Health Ventures. Joe Greskoviak, former CEO of Press Ganey and Managing Director of A1 Health Ventures, has joined Prolucent’s Board of Directors.
- The new capital will fuel Prolucent’s continued product innovation to help healthcare providers nationwide gain control of labor costs, build a better-balanced workforce, and meet the demands of a
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Pair Team Secures $9M to Connect Underserved Communities to Care
What You Should Know:
Pair Team, a virtual and community-based primary care solution connecting Medicaid's highest-risk patients to high-quality care, today announced it has raised $9 million in Series A funding. The financing was led by NEXT VENTURES, with participation from PTX Capital, Kapor Capital, Kleiner Perkins, Y Combinator, and several notable healthcare angel investors including Jay Desai.The funding will be used to help Pair Team accelerate its
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Gero Raises $6M for Physics-Powered GenAI Biotech
What You Should Know:
Gero, a biotechnology company focused on aging and chronic diseases, has closed $6M in a Series A extension round.This funding round positions Gero to continue internal drug development programs, grow its scientific team to boost platform technology development, and expand its US presence. The round was led by Melnichek Investments, a Cyprus-based VC firm that seeks to improve the quality of human lives by funding and supporting promising, potentially high-impact,
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Waymark Secures $42M to Expand Community-Based Care for Medicaid Patients
What You Should Know:
- Waymark, a San Francisco, CA-based Medicaid provider enablement company raises $42M in new financing to scale technology-enabled, community-based care for primary care providers and their patients enrolled in Medicaid programs. The round was led by Lux Capital and CVS Health Ventures joins as a new investor.
- Existing investors Andreessen Horowitz (a16z) and New Enterprise Associates (NEA) also participated in the round. The investment consists of $22M in
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InfoBionic Secures Funding to Expand Virtual Telemetry Solution
What You Should Know:
- InfoBionic, a digital health company focused on virtual telemetry and cardiac remote patient monitoring closes its Series D financing round. The series D funding round includes participation by Security International Investments (SII), Mayo Clinic and Excel Venture Management while distinguished existing investors like Blue Cross Blue Shield of MA (Zaffre Investments), Blue Cross Blue Shield of Kansas and Safeguard Scientifics remain actively involved.
- The
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Ventricle Health Secures $8M to Accelerate Value-Based Home Care Model for Heart Failure
What You Should Know:
- Ventricle Health - a new national, virtual cardiology clinical reimagining cardiac care delivery - raises $8M in seed funding led by RA Capital and Waterline Ventures.
- This company will used the seed funding to expand Ventricle Health’s heart failure management therapeutic model in collaboration with value-based care provider groups and payers, which can reduce the overall average annual cost of heart failure care by at least 30-50%.
Virtual
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HeartX Accelerator Announces 5 Startups for 2023 Program
What You Should Know:
- HeartX, a digital health accelerator powered by HealthTech Arkansas and MedAxiom along with eleven leading cardiology practices in Arkansas and around the country — has selected the five healthcare companies that will participate in the 2023 accelerator program.
- HeartX is a cardiovascular-focused healthcare accelerator that facilitates guaranteed hospital pilot projects and clinical trials for accomplished, early-stage companies bringing new cardiovascular
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Prevounce Health Closes $7M to Scale Remote Care Management Solutions
What You Should Know:
- Prevounce Health, a provider of remote care management software, devices, and services closes $2.5M in new Series A funding led by Cloud Hill Partners and Michael Hammond, former co-founder of Hammond Hanlon Camp LLC and H2C Securities, with participation from additional returning investors.
- The company has now raised $7M in total Series A funding and will use the Series A funding to advance its product and service offerings and scale its team to meet growing
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Capital Rx Closes $50M to Expand Pharmacy Benefits Administration Platform
What You Should Know:
- Capital Rx, an NYC-based full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) raised $50M with participation from more than 10 of the leading health systems in the nation, including Atlantic Health System, Banner Health, Hawai’i Pacific Health, Inova Health System, Lehigh Valley Health Network, Memorial Hermann Health System, Nebraska Medicine, Novant Health, Ochsner Health, and WellSpan Health, among others, as well as
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