What You Should Know: - FundamentalVR has raised an additional $20M to significantly accelerate medical skill-transfer and increase surgical proficiency through its world-leading medical simulation platform, Fundamental Surgery. - The funding was led by EQT Life Sciences investing from the LSP Health Economics Fund 2 and joined by prior investors Downing Ventures. The new investments follow a Series A round in October 2019 and bring the
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Mayo Clinic Health System | News, Analysis, Insights - HIT Consultant
Diagnostic Robotics Raises $45M for Medical-Grade AI Triage & Clinical Predictions Platform
What You Should Know: - Diagnostic Robotics has announced the closing of a $45M Series B funding round led by StageOne investors, with participation from Mayo Clinic, thus becoming a Mayo Clinic Platform portfolio company. Technion – Israel Institute of Technology, as well as other existing investors such as strategic angel investor Bradley Bloom, co-founder of Berkshire Partners, participated in this funding round as well. - The new funding will be used to accelerate product development,
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Mayo Clinic, Mercy Sign 10-Year Collaboration to Transform Patient Care
What You Should Know: - Mayo Clinic and Mercy announced a 10-year collaboration agreement— a first-of-its-kind alliance between two large healthcare systems that will use the most current data science and years of deidentified patient outcomes to find diseases earlier and start patients on paths to better health more quickly. - With the combination of privacy-protected, cloud-based technology architecture, and the growth of artificial intelligence and machine learning, this aggregated
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Theator Raises $39.5M for AI-Driven Surgical Intelligence Platform
What You Should Know: - Theator, the first-of-its-kind AI-driven Surgical Intelligence Platform, announced that it has extended its Series A funding round by $24M, bringing the round’s total to $39.5M - The extension was led by Insight Partners with support from existing investors including Blumberg Capital, Mayo Clinic, NFX, StageOne Ventures, iAngels, and former Netflix Chief Product Officer Neil Hunt. In addition, new growth investors including iCON and TripActions’ CEO and Co-founder
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K Health, Mayo Clinic Platform Launches Personalized Hypertension Treatment Algorithm
What You Should Know: - Clinical AI-powered healthcare company K Health announced today a new collaboration with Mayo Clinic’s digital healthcare initiative, Mayo Clinic Platform, which harnesses new knowledge, solutions and technologies to improve patients' lives. - Primary Care clinicians practicing on K Health’s virtual platform are now able to use a predictive model based on real-time insights from Mayo Clinic’s de-identified medical data to treat hypertension more accurately and
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Ordr Secures $40M for Real-Time Connected Device Security Platform
What You Should Know: - Ordr, a company making the complex problem of securing every connected device — from traditional IT devices to newer and more vulnerable IoT, IoMT or OT — simple, today announced it has raised an additional $40M. The funding round was co-led by Battery Ventures and Ten Eleven Ventures, with participation from new investor Northgate Capital and continuing investors Wing Venture Capital, Unusual Ventures, Kaiser Permanente Ventures, and Mayo Clinic.
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Is It Finally Time for Hospital-at-Home or is Time Up?
All the signs point to a bright and expansive future for hospital-at-home programs, which have been growing steadily since the Centers for Medicare and Medicaid (CMS) created the Acute Hospital at Home waiver program in November 2020. As of March, nearly 100 health systems and more than 200 hospitals in 34 states had been approved for the program. Meanwhile, Forrester predicts the number of hospitals delivering acute care at home will triple in 2022. The reasons why are compelling: a study
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Phenomix Sciences Launches Obesity Biobanking Registry Studying Personalized Treatment Options Based on Genetics
What You Should Know: - Biotech company Phenomix Sciences launches its biobanking registry, marking the first obesity registry to study the impact of personalized treatment based on phenotyping. The impact of this biobanking registry and the data it will yield has the potential to change the entire system’s approach to obesity, from a treatment recommendation to the way payers determine coverage and how the industry combines diagnostics testing with drug therapy. - The
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Divurgent Appoints Ed Marx as New CEO
What You Should Know: - Divurgent, a healthcare IT consulting company, today announced it has appointed Ed Marx, a renowned leader with more than 30 years of experience, as its new Chief Executive Officer (CEO). - In addition, Colin Konschak, company founder and CEO since 2007, will move to a new role as Executive Chairman of the Board of Directors. Ed Marx Background Ed Marx is an influential, veteran IT leader with deep experience in healthcare. He was the former Chief
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Mayo Clinic Partners with VUNO to Develop AI-Driven Precision Oncology Solutions
What You Should Know: - Mayo Clinic has signed a research agreement with VUNO, a global medical artificial intelligence (AI) company to develop advanced AI-driven precision oncology solutions to deliver precision oncology care. - Through this research agreement, VUNO will establish a collaboration with Mayo Clinic to develop innovative AI and machine learning solutions for more precise diagnosis, prognosis and treatment stratification in cancer. - This collaborative agreement combines
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