Healthcare providers are recognizing the value of increasing volumes of data they hold and expanding their use of mainstream and advanced analytics solutions to more use cases and more user groups
Vendor analytics and reporting solutions are rapidly evolving to serve provider needs for enterprise performance management (EPM), according to Chilmark's latest report. While value-based care (VBC) initiatives remain the driving business reason for analytics adoption, leading healthcare organizations
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Artemis Health Raises $25M to Expand Benefits Data Analytics Platform
Artemis Health, a Utah-based benefits data analytics company has raised $25 million in Series C funding led by Bessemer Venture Partners with Maverick Ventures, F-Prime, Hearst Health Ventures, and Rose Park Advisors. The company plans to use the latest round of funding to further expand and scale its platform and services to help employers get the most from their healthcare spending. Artemis Health: Actionable Insights from Benefits Data The cost of healthcare is skyrocketing, but
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Covera Health Nabs $8.5M for Data Analytics Platform to Improve Healthcare Outomes
Covera Health, an NYC-based provider of analytics-based programs to reduce medical misdiagnoses and improve quality of care has raised $8.5 million in Series A funding led by Equity Group Investments (EGI). The Series A round also included select strategic and individual investors. Founded in 2017, Covera Health leverages advanced data analytics to build Radiology Centers of Excellence Programs for employers, health plans, and other healthcare entities to reduce misdiagnoses, improve patient
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Health Data Analytics Platform Health Catalyst Raises $100M, Reaches $1B Valuation
Health Catalyst, a Silicon Slopes, Utah-based provider of next-generation data, analytics and improvement, today announced it has raised $100 million in Series F equity and debt funding led by OrbiMed. The funding also included participation from Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, UPMC Enterprises, and Kaiser Permanente Ventures also contributed to the financing, which lifts Health Catalyst's value above $1 billion. Health Catalyst plans to use the funding
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Healthcare Data Platform Innovaccer Closes $35M Series B Round
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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