A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS
- Apixio, a cognitive computing platform for risk adjustment, has raised $19.3M in Series D funding led by SSM Partners. Link
- PatientPop, a marketing platform for healthcare providers, has raised an additional funding of $10.5M in a round led by Toba Capital to bring its Series A funding total to $20.5M. Link
- Zebra Medical Vision, a provider of deep learning based analytics engine for medical imaging diagnosis, has raised $12M in Series A funding led by Intermountain Healthcare. Link
- Lumiata, an Artificial Intelligence powered predictive analytics company for population health management, has closed $10M in Series B funding led by White Cloud Capital. Link
- Evidation Health, a company that helps analyze the efficacy of healthcare technologies, has raised $11.6M in Series A financing from B Capital Group. Link
- Podimetrics, a cloud-based platform for predicting foot ulcers in Diabetic patients, has raised $5.8M. Link
- Sprigbuk, a cloud-based population health platform for employers, has raised $3.75M in a Series A funding round led by Lewis & Clark Ventures. Link
- Valify Health, a SaaS-based analytics and benchmarking tool for Purchased Services, has raised $2M in Series A funding led by Frist Cressey Ventures and Step 5 Capital. Link
- EagleDream Health, a provider of analytics platform for population health management and value-based reimbursement, has raised $1M in Series A investment. Link
- GNS Healthcare, a machine learning based population health analytics company, has announced an investment from Horizon Healthcare Services. Link
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SOME INTERESTING STARTUPS FOUND
Scribe.ai (2016, Seattle) – Offers an artificial intelligence based platform for automating documentation at the point of care.
SurgeonCheck (2016, Bethlehem, $1.1M) – Offers a SaaS-based analytics platform that rates surgeons based on procedural practices, patient outcomes, costs and peer-reviewed clinical research.
LEADER BOARD – HEALTHCARE ANALYTICS
Suite Solutions
Inovalon (1998, Bowie, IPO) – Cloud-based analytics platform for clinical, financial and quality insights. Went public in 2015.
Evolent Health (2011, Arlington, IPO) – An integrated platform for population health, financial and operational analytics. Went public in 2015.
Flatiron Health (2012, NYC, $314M) – Cloud-based Cancer care platform for clinical, financial and operational intelligence. Backed by Google Ventures, Roche, First Round Capital, Social Capital, SV Angels and more.
Health Catalyst (2008, Salt Lake City, $237M) – A suite of health analytics and data management solutions to help identify care gaps and support process improvement. Backed by Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, Sorenson Capital and more.
Clinical Analytics
Privia Health (2007, Arlington, $419M) – Cloud-based platform offering population healthmanagement and value-based care solutions. Backed by Goldman Sachs and Health Enterprise Partners.
Imaging Advantage (2007, Santa Monica, $295M) – Cloud-based clinical decision support tool for radiologists. Backed by Goldman Sachs, Brightwood Capital Advisors and CRG.
Heart Flow (2007, Redwood City, $163M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Lumeris (2001, Maryland Heights, $141M) – Population health management solutions forhealthcare organizations to facilitate transition to a value-based care model. Subsidiary of Essence Group Holdings Corporation. Backed by BlueCross BlueShield Venture Partners, Camden Partners, Kleiner Perkins Caufield & Byers and Sandbox industries.
Financial Analytics
MediGain (2002, Plano, $40M) – Analytics tools for revenue cycle management, billing and reimbursement. Backed by Prudential Capital Partners.
Truveris (2009, NYC, $27M) – SaaS-based platform for prescription claims analytics and pharmacy data validation. Backed by New Leaf Venture Partners,Tribeca Venture Partners, First Round, New Atlantic Ventures and more.
Aver (2010, Columbus, $24M) – Analytics platform for bundled payment solutions. Backed by GE Ventures, Cardinal Health, Heritage Group, Drive Capital and more.
Recondo (2006, Greenwood Village, $20M) – Cloud-based tool for electronic claims management and revenue cycle forecasting. Backed by Bregal Sagemount.
Operational Analytics
eVariant (2008, Farmington, $68.5M) – CRM analytics platform for digital marketing and patient engagement. Backed by Goldman Sachs, Lightspeed Venture Partners, Health Enterprise Partners, Dignity Health and Salesforce Ventures.
Kyruus (2010, Boston, $56M) – Referral management solutions using analytics and data mining. Backed by Venrock, Mckesson Ventures, New Leaf Venture Partners, Highland Capital Partners and more.
Aptus Health (2008, Massachusetts, $17M, Acq.) – Digital marketing for healthcare and life science companies. Backed by Merck Global Health Innovation. Acquired by Merck in 2013.
Health Market Science (1999, King of Prussia, $16M, Acq.) – Big data analytics to helphealthcare organizations reduce operational costs and maximize market opportunities. Acquired by LexisNexis in 2015. Backed by Edison Partners and Cross Atlantic Capital Partners.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates, visit the Healthcare Analytics feed.