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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Waystar Acquires AI Firm Digitize.AI to Tackle Prior Authorizations
Bain-Capital-backed revenue cycle management company Waystar is acquiring Digitize.AI, an artificial intelligence firm, to enable faster and smarter prior authorizations in healthcare – one of the largest pain points for both providers and consumers.Financial Impact of Prior AuthorizationsPrior authorizations, the process by which insurance companies and payers determine if they will cover a prescribed procedure or medication, are meant to help patients avoid surprise bills and unexpected
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Digital Prescribing Platform Xealth Raises Additional $3M to Close $14M Series A Round
Xealth, a Seattle-based digital prescribing platform has raised an additional $3 million in its Series A financing, bringing the amount raised in this round to $14 million total. New investors Atrium Health, Cleveland Clinic and MemorialCare Innovation Fund join McKesson Ventures, Novartis, Philips, ResMed, Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network. Investments from this round will be used to advance the
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Waystar Acquires Presumptive Charity Scoring Solution PARO
Waystar, a provider of revenue cycle technology, today announced it has acquired PARO, a financial assistance predictive analytics solution designed for the healthcare industry. As part of the acquisition, the PARO solution will be integrated with Waystar’s technology platform to help hospitals better assess charity care, reduce bad debt and meet community benefit requirements.Why PARO?Nonprofit hospitals are required to make reasonable efforts to determine if patients are eligible for financial
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UPMC Launches New Telemedicine Company to Tackle Infectious Diseases
UPMC, today announced the launch of a new telemedicine-enabled
company to help hospitals address the nationwide shortage of physicians
specializing in infectious diseases. Backed by the world-class ID expertise of
UPMC, the new company named Infectious Disease (ID) Connect aims to improve outcomes while reducing
transfers and keeping patients in their own communities for treatment. Factors Driving Formation of ID Connect UPMC’s
network of hospitals has been providing ID services to
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Digital Prescribing Platform Xealth Raises $11M to Expand Digital Health Tools
Xealth, a Seattle-based digital prescribing platform has raised $11 million in Series A funding from McKesson Ventures, Novartis, Philips, and ResMed. Existing investors Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network also participated in the round.Xealth BackgroundSpun out of Providence St. Joseph Health in 2017, Xealth enables clinicians to prescribe and monitor digital healthcare content, apps, devices, and
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Philips, AHA & UPMC Launch $30M Fund to Spur Health Innovation in Heart Disease and Stroke Care
Philips, American Heart Association (AHA) and UPMC’s announcement to launch Cardeation Capital, a new $30 million venture fund designed to spur healthcare innovation in heart disease and stroke care. With cardiovascular disease costs projected to exceed $1 trillion by 2035, this initiative will play a critical role in transforming care for a healthier, less costly tomorrow.The fund will be managed by Aphelion Capital where each company has committed $10 million and will work together to identify
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Elsevier Acquires Clinical Decision Support Solution Via Oncology
Elsevier, the information analytics business specializing in science and health, and part of RELX Group, today announced that it has acquired Via Oncology, a Pittsburgh, Pennsylvania-based company that provides clinical decision support and best practices in cancer care management. A former subsidiary of UPMC, one of the nation's leading integrated healthcare delivery and financing systems, Via Oncology helps cancer centers demonstrate the value of their care to patients, referring physicians
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Health Fidelity Launches NLP-Powered Provider Risk Adjustment Solution
Health Fidelity, a UPMC-funded startup developing innovative solutions for value-based care has announced the launch of NLP-powered risk adjustment solution for providers. The solution, HF360 Risk Adjustment for Providers empowers risk-bearing providers with the technology and support needed to succeed in implementing value-based care models.To ensure optimal implementation and ROI, Health Fidelity also offers HF360 Blueprint, a consultative service that helps providers benchmark their current
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Digital Health Startup Incubated at Providence Lands $8.5M for Digital Prescription Platform
Xealth, a digital health startup incubated within Providence’s Digital Innovation program has raised $8.5 million in funding led by DFJ to launch its digital prescription platform. The funding also included participation from leading healthcare organizations including Providence, UPMC, Hennepin, and Froedtert.Xealth’s digital prescribing and analytics platform is already being used by two of the largest not-for-profit healthcare systems in the US—Seattle-based Providence and Pittsburgh-based
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