Silicon Valley-based healthcare data platform company Innovaccer, announced that is has closed $35 million in Series B funding, led by Microsoft’s investment arm M12 (formerly known as Microsoft Ventures), Westbridge Capital with participation from Lightspeed Ventures. The latest round brings the total capital raised by Innovaccer to $51 million. Founded in 2014, Innovaccer Inc. is on a mission to drive efficiency in healthcare by unleashing the power of data. Its leading healthcare data
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Industry Roundtable: AI, Greater Collaboration, Integration are Key to Unlocking Healthcare Data’s Ability to Enhance Care Delivery
Chasm Partners, an executive search firm in the healthcare technology and services space recently convened a roundtable discussion to assess how the transformation of “big data” in clinical informatics provides the healthcare industry with an opportunity to gain new insights into patient care, as well as key lessons learned about artificial intelligence’s impact on the industry.Hosted as part of the firm’s quality newsletter, ChasmPOV featured viewpoints from three recognized thought leaders in
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Puerto Rico’s Largest MSO Goes Live on Innovaccer’s Healthcare Data Platform
Inmediata, Puerto Rico's largest Management Service Organization (MSO), went live on Innovaccer’s healthcare data platform to drive analytics-powered healthcare, gain insights into provider performance and deliver value-based care. Inmediata currently manages around 70% of patient data across the island of Puerto Rico. Using rapid integration and advanced data analytics provided by Innovaccer's healthcare data platform company, Inmediata will be able to bring their data together and identify
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PlayMaker Health Acquires viaDirect to Improve Healthcare Data Insights for Post-Acute Care
Playmaker Health, a Nashville, TN-based provider of market intelligence to post-acute providers, has acquired one of its competitors, ViaDirect. Hospices, LTCs, SNFs and others are still in the early stages of using analytics to refine their strategies around referral sources, opportunities for market expansion, and everything in between. With the ViaDirect acquisition, Playmaker’s platform includes not just Medicare and commercial claims data, but Lexis/Nexus data analytics as well. This
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Lumiata Raises $11 Million to Accelerate AI Powered Health Analytics
Lumiata raises $11M from Khosla Ventures, BlueCross BlueShield Venture Partners, and Intel Capital to fuel transformation of healthcare across insurers, providers and employers through predictive analytics. Lumiata, a San Mateo, CA-based provider of AI-powered health analytics for managing cost and risk, today announced it has raised $11 million in funding co-led by Khosla Ventures and BlueCross BlueShield Venture Partners. The investment was secured under the leadership of Dilawar Syed, who was
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The 3 F’s for Care Innovations— Flow, Feasibility, Flexibility
Recently, I came across a story on a high-end care facility situated in Philadelphia. The said center was equipped with highly advanced machines, served high-income patients, and their services were fairly ‘integrated.’ A patient could visit a PCP on one floor and get diagnostic imaging done on another. However, any two systems did not connect. An X-ray image had to be first printed, faxed, and then again scanned in the physician’s desktop— taking a fair amount of time, and image quality was
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5 Key Components of A Results-Driven AI Platform for Hospitals and Health Systems in the Era of Value-based Care
Value-based reimbursement is forcing hospitals and health systems to reduce costs and to improve outcomes. Whether they are trying to manage population health or to improve clinical pathways in hospitals, healthcare organizations need a way to understand and harness the huge amounts of data that could potentially be applied to achieving these goals. Artificial intelligence (AI) systems offer an approach that can derive actionable insights from large, complex datasets at the scale required by
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Innovaccer Launches InGraph to Transform Healthcare Analytics
To assist organizations facing the challenge of fragmented data and limited insights, Silicon Valley-based Innovaccer today announced the launch of their Population Health and Networks Analytics Solution, InGraph today. Built on our healthcare data platform, InGraph provides holistic population health and network analyses and offers a strong foundation to power efficient care management and cost-effective quality improvement.Efforts to improve care for a population or system have driven care
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Protenus Lands $11M to Expand AI-Driven Compliance Analytics Platform
Baltimore, MD-based Protenus, a provider healthcare compliance anlaytics has raised $11 million in Series B funding co-led by F-Prime Capital Partners and Kaiser Permanente Ventures, with participation from Arthur Ventures, Lionbird Venture Capital, and Cognosante Ventures. The company plans to use the funding to accelerate sales and customer support hiring, as well as R&D to expand platform capabilities.Founded in 2014, the Protenus platform makes an analytical assessment of every digital
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Healthcare Data Tsunami: Organizing Data in the Internet of Things Age
If you’re of a certain age, you had the opportunity to experience life before the Internet – the days before email, Facebook, and online shopping. If you wanted to send a note to your old buddy from high school, you’d pen a letter, stick a 15-cent stamp on an envelope and drop it in the mail. You might make a few purchases from a mail-order catalog, but do most of your shopping at a brick-and-mortar store.The Internet allows us to find just about everything we’ve ever wanted within one or two
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