Solera Health, a Phoenix, AZ-based technology-enabled integrated benefit network has raised $42 million in Series C funding led by HCSC Ventures. Current investors BlueCross BlueShield Venture Partners/Sandbox Advantage Fund, Adams Street Partners and SJF Ventures also participated in the most recent funding round. The Series C round, Solera's largest to date, brings its total funding to $72 million.Integrated Benefit NetworkFounded in 2015, Solera Health serves as an integrated benefit network
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Livongo for Diabetes Program Reduced Medical Spending by 22% for Members, Study Finds
The Livongo for Diabetes program delivered a 21.9 percent reduction in medical spending for Livongo members when compared to the matched non-Livongo population, according to study findings published in the latest edition of the Journal of Medical Economics. When taking the average price of the Livongo for Diabetes program into account, the study demonstrated that employers experienced a positive return on investment in one year.Financial Impact of Diabetes Management in the U.S.Diabetes is one
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Podimetrics Raises $13.4M for FDA-Cleared Solution to Prevent Diabetic Foot Ulcers
Podimetrics, a care management company with the leading solution to help prevent costly and deadly diabetic foot ulcer (DFUs) has raised $13.4M in Series B funding round from investors Rock Health, Norwich Ventures, and Scientific Health Development.Impact of Diabetic Foot Ulcers for PatientsDiabetic foot ulcers are a major complication of diabetes and are one of the most devastating and costliest diabetes complications -they can lead to debilitating amputations that cost on average $100k. In
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DispatchHealth Nabs $33M to Expand On-Demand Healthcare Model to High Acuity Patients
DispatchHealth (formerly known as True North Health Navigation), a Denver, CO-based provider of on-demand healthcare delivery to a patient’s home has raised $33 million in growth capital funding led by Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions. The funding also included participation from existing investors Alta Partners, Questa Capital and additional strategic investors.Founded in 2013 by two mobile health executives, DispatchHealth’s
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Physician Practices Strategy to Developing A Strong Chronic Care Management (CCM) Program
Zachary Blunt, Sr. Manager of Product Development, Population Health at Greenway Health
More than three years have passed since the Centers for Medicare & Medicaid Services (CMS) introduced its separately billable non-face-to-face Chronic Care Management (CCM) service. This was intended to help more than two-thirds of individuals on Medicare who suffer from multiple conditions receive more coordinated, regular primary care. The hope was that a focus on managing chronic conditions would
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FDA Grants Breakthrough Designation to RenalytixAI for AI-Enabled Diagnostic for Kidney Disease
RenalytixAI, a developer of artificial intelligence-enabled clinical diagnostics for kidney disease, today announced that it has been granted Breakthrough Device designation by the U.S. Food and Drug Administration (FDA), for its lead diagnostic, KidneyIntelX™. This is the first such designation for an AI-enabled diagnostic for kidney disease publicly announced by any company.FDA Breakthrough Devices Program OverviewThe FDA’s Breakthrough Devices Program is a voluntary program for certain
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Study: Physicians Found Use of Mobile Prenatal App Reduce in-Person Visits During Pregnancy
George Washington University physicians found use of the mobile app Babyscripts reduced in-person prenatal care visits while maintaining patient and provider satisfaction, according to research published in JMIR mHealth and uHealth.Study BackgroundThe study included two groups with a total of 88 participants, with one group, prescribed the Babyscripts program to manage their pregnancy. Eligible participants were pregnant women between the ages of 18 and 40 considered to be low-risk: that is, a
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Fitbit Health Solutions Business Grew 70%, $30.5M in Revenue in Q1 2019
Fitbit today released its Q1 2019 earnings reporting revenue of $272 million, GAAP net loss per share of $(0.31), non-GAAP net loss per share of $(0.15), GAAP net loss of $(79) million, non-GAAP net loss of $(38) million, cash flow from operations of $(68) million and free cash flow of $(74) million.Q1 2019 Fitbit Health Solutions EarningsFitbit Health Solutions business grew 70% YOY with revenue of $30.5M, which was an important contributing factor to the company’s positive momentum overall in
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Validic Integrates With Welldoc’s Bluestar Platform to Enable Real-Time Insights for Patients
Validic, a provider of data solutions for remote monitoring and virtual engagement is integrating with Welldoc’s BlueStar platform. The integration of personal health data within the Welldoc BlueStar digital therapeutic platform will allow users to connect their wearables, apps, and in-home health devices directly to the platform – enabling deeper engagement and better self-management of one's health.The Power of Leveraging Device-Generated Data for PatientsAs the number of people managing
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CMS Approves Livongo As An Enrolled Provider for Medicare Advantage Members
Livongo, the leading Applied Health Signals company announced that it has been approved by the Centers for Medicare and Medicaid Services (CMS) as an enrolled provider for Medicare Advantage members. In addition, starting in June, the Livongo for Diabetes program will be available to Medicare Advantage members of Cambia Health Solutions' regional health plans.Empowering America's Senior PopulationCambia reaches nearly 70 million Americans nationwide, including more than two million people in the
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