Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Philips Acquires Patient Navigation Platform Medumo
Philips has acquired Boston-based patient navigation platform Medumo for an unclosed sum, according to CBNC reports. Founded in 2013, Medumo helps hospitals, surgical centers, and care teams automatically guide patients throughout their care journey. The company has raised a total of $2.1M. Its patient navigation platform ensures that patients appropriately schedule, show up on time, have all their pre-appointment tasks completed, and continue to follow instructions when they go home after their
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Did EHRs Light the Physician Burnout Fuse?
Christopher Maiona, M.D., SFHM, Chief Medical Officer of PatientKeeper
According to the American Medical Association, about 50 percent of practicing doctors are experiencing burnout and EHRs are a significant driver of this problem. For every hour physicians spend on direct patient care, the report indicates that they spend two hours on EHR data entry and other administrative tasks. All of this adds up to more time spent with computers than with patients.
Organizational, regulatory, and
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3 Ways On-Demand Care Can Improve the Patient Experience
Matthew Blosl, Chief Revenue Officer, DocuTAP
In the increasingly competitive healthcare space, establishing loyalty and improving the patient experience has become a priority for providers. In no area is this truer than the highly competitive, consumer-driven on-demand care space. In fact, a recent survey revealed that patients are five times more likely to select a practice because they’ve had a positive experience there rather than traditional marketing tools, highlighting a key driver of
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Analysis: Philips’ Evolution to a Pure-play Healthcare Technology Vendor
The last two-to-three years we have seen Philips complete its transformation into a pure-play healthcare technology vendor. It has reduced its interest in its remaining non-healthcare business Philips Lighting/Signify (now owning only a 16.5% share), made 16 healthcare technology acquisitions since the start of 2017 and organized its internal business units into three core healthcare technology segments, Personal Health, Diagnosis & Treatment and Connected Care. A few weeks ago, several of
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Cedars-Sinai Accelerator Reveals 5th Class of 11 Digital Health Startups
Cedars-Sinai Accelerator, today announced 11 new digital health startups selected to participate in its fifth class from across the United States and Europe. From artificial intelligence to a smart brace for knee replacement patients, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges,
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PE Firm Acquires Secure Health Information Exchange Company Vyne
Vyne, a provider of secure health information exchange and electronic healthcare communication management has been acquired by The Jordan Company, L.P., a middle-market-focused private equity firm with original capital commitments in excess of $11 billion. This new investment supports Vyne’s commitment to providing market-leading healthcare technology and support to thousands of dental practices, hospitals and major health systems across the United States.Expansion Plans for VyneThe acquisition
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AdhereHealth And Papa Partner to Tackle Social Determinants of Health
AdhereHealth, a healthcare technology company focused on medication adherence, announced a partnership with Papa, a companionship platform company serving the elderly, blind and disabled. AdhereHealth and Papa will work together to address social determinants of health such as loneliness, food insecurity, and transportation to improve health outcomes for Medicare beneficiaries. The partnership addresses these foundational barriers to care through a combination of advanced technologies and
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Is Artificial Intelligence The Answer To A Plethora of Healthcare Problems?
Abhinav Shashank , CEO & Co-founder at Innovaccer
The world of healthcare is changing, and with it, our approach to understanding the concept of patients and doctors, ways of delivering care, and building a better relationship between every member associated with it is also changing. Like other industries, healthcare is also going through a major revolution, and Artificial Intelligence (AI) stands at the core of it.
Biological sciences and medical research are rapidly changing fields.
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Centene Leads $60M Round for Behavioral Health Platform Quartet
Quartet, an NYC-based innovative healthcare technology and services company has announced a strategic partnership with Centene Corporation to ensure the most vulnerable populations have access to mental healthcare. In addition, Quartet has raised $60 million in Series D funding led by Centene Corporation, and returning investors F-Prime Capital Partners, GV (formerly Google Ventures), Oak HC/FT, and Polaris Partners. The latest round brings total funding raised to date to $153M.Growing Focus on
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