A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – HEALTHCARE IT
- Valant EHR providers of a SaaS EMR/EHR system to psychiatrists and Behavioural Health professionals raised $7.5M in funding. Link
- Zipari,a SaaS-based insurance-specific consumer experience platform featuring real-time insights into consumer behavior raised $7M in Series A from Vertical Venture Partners. Link
- Solera Network, a SaaS-based population health management platform for chronic disease management, raised $5M in Series A. Link
- Dedalus Group, an Italian healthcare IT software and solutions company providing clinical management and interoperability solutions for healthcare organizations raised a €72m bond from asset management firm Tikehau IM. Link
- Virtual Health Partners, an on demand HIPAA compliant healthcare platform focusing on ancillary care treatment such as nutrition, fitness, and behavior modification received 1.622M Seed Funding. Link
- LifeDojo a corporate wellness solution which offers clinically proven 12-week behavior change programs received $4.38M Series A funding. Link
- RxREVU offers to help patients and payers save money on their prescriptions by providing a clinical support tool that identifies the most effective medication at the best possible cost received $8.55M Series A funding. Link
- OrthoSensor developer of intelligent orthopedic devices and data services that provide quantitative feedback to surgeons and hospitals to assess their patients raised $2.35 in funding. Link
- Diagnotes offers a mobile and web-based communication platform that gives medical groups the tools to improve communication among providers, patients and staff raised $1M in Series B funding.Link
- HealthWatch is a developer of textile technology to produce smart-digital garments with sensors measuring body vitals continuously raised $20M in Series A fundng from Yiling Pharmaceuticals.Link
- SurgeonCheck offers a SaaS-based analytics platform that rates surgeons based on actual procedural practices, patient outcomes, and costs compared against the latest peer-reviewed clinical research raised $2.54M in Series A funding. Link
- Medable,an app and analytics platform that enables a single developer to build a full-stack HIPAA compliant app with in-app real-time analytics capabilities raised $3.64M in Series A round of funding. Link
- AristaMD is a digital health company focused on improving the specialty referral process, raised an undisclosed amount. Link
- Payspan is a provider of healthcare reimbursement and payment automation raised an undisclosed amount in the Series E from Primus capital. Link
- Arcadia offers an analytics platform that integrates data from EHR platforms and uses that data to drive improvements in patient care quality, practice efficiency, and financial performance has raised $30 million from a number of investors, including GE, Blue Cross Blue Shield of Massachusetts and Merck subsidiaries. Link
- Avalon Health Solutions, a portfolio company of Francisco Partners offers laboratory benefits management platform for physicians, patients, and payers raised an undisclosed amount from Mosaic Health Solutions (Mosaic), BlueCross BlueShield of South Carolina, and Francisco Partners Link
- PeraHealth, formerly known as Rothman Healthcare provides clinical decision support solutions based on the Rothman Index (RI):an algorithm that calculates Universal Patient Score based on 50+ measures raised $14 million in funding from Mainsail Partners. Link
- Connected health develops a product “Lifetime” which is a secure connection between doctor and patient over the phone raised $1.06M in seed funding. Link
- Endotronix develops miniaturized, wireless and implantable pressure sensors raised $12 Million in Debt Financing from Silicon Valley Bank. Link
- Aledade partners with independent, primary-care physicians to form and manage ACOs raised another $20 million in Series B1 led by Biomatics Capital Partners, a venture firm co-founded by Boris Nikolic, former chief scientific and technology adviser to Bill Gates, with participation from GV, formerly Google Ventures and the venture capital arm of Alphabet Inc. Link
- Senscio Systems offers an artificial intelligence based inference engine received $1.84M Series A funding. Link
- Dental360 is a dental clinic management software raised $15M in a Series A funding. Link
- Practo, a Practice management software for doctors and a platform for consumers to search for doctors raised $55M in Sries D funding led by Tencent. Link
- everyLIFE Technologies creators of a PASS system to help care workers manage their visits raised $4.2M in funding from Robin Batchelor, former managing director of BlackRock and chairman of EveryLIFE Technologies. Link
- Doctor.com, an online marketing and reputation management for Healthcare Providers, appointment booking service for patients and enterprise solutions raised $5M in Series A round of funding. Link
- TPG acquired Lenexa, Kansas-based Mediware Information Systems Inc, a provider of software for healthcare and human services providers. Link
- Healthsense which offers WiFi based Personal Emergency Response Systems, remote safety and wellness monitoring was acquired by GreatCall a connected health company creating devices for active aging. Link
- Enlightiks a provider of data analytics platform to convert data into actionable insights and finding its applications in healthcare, consumer insights & retail industries was acquired by Practo Technologies. Link
- Predicata provides an analytics platform that offers cost savings and quality improvement opportunities was acquired by Triose. Link
- Jiff is HIPAA-compliant private healthcare social network and digital health apps platform targeted towards employers providing healthcare plans for their employees was acquired by Castlight Health a company that made a name for itself with making price transparency in healthcare easier to manage for self-insured employers. Link
SOME INTERESTING STARTUPS FOUND
Medcrypt (2016, SFO) – Provides Cyber security software for connected medical devices.
Bainbridge Health (2016, Philadelphia) – Provides a clinical intelligence & data analytics platform to monitor patient safety and reduce medication errors.
AffirmHealth (2016, Nashville) – Provides workflow integration and automation software to help health providers comply with controlled substance monitoring programs of regulatory bodies.
LEADER BOARD – HEALTHCARE IT
VALUE BASED CARE
Evolent Health (2011, Virginia, IPO) – Provides healthcare technologies and services that improve clinical, operational and business outcomes. The company’s services include providing customers with a population.
Privia Health (2007, Virginia, $419M) – Builds and enables physician groups and clinically integrated provider networks using technology, team-based care, and wellness programs to help doctors to manage the health of their populations. Backed by Goldman Sachs, Pamplona Funds, Cardinal Partners, Brighton Health, Health Enterprise Partners and Morgan Noble.
Lumeris (2001, Maryland Heights, $211M) – Provider of population health management solutions to health systems, payers and providers. Backed by BlueCross BlueShield Venture Partners, Camden Partners, Kleiner Perkins Caufield & Byers and Sandbox industries.
Population Health Management
MedHOK (2009, Tampa, $77M) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions, and improve the quality of care. Backed by Spectrum Equity and Bain Capital Ventures.
Humedica (2008, Boston, $63M, Acq) – Provides analytics solutions for healthcare providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing, and analyzing data from EHRs, practice management, claims data. Backed by NorthBridge and Bain Capital Ventures.
Patient Engagement
Accolade (2007, Pennsylvania, $163.5M) – Provides consumer healthcare engagement and influence solution for large self-insured employers and payer organizations. Backed by Mckesson, Carrick Capital Partners, Com Cast Ventures.
MindMaze (2012, Lausanne, $118.5M) – Develops interfaces for neuro-rehabilitation, game training, and 3D imaging, using VR/AR and neurophysiological recording technologies.
Medication Adherence
Proteus Digital Health (2001, California, $404M) – Digital medicine platform includes unique measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from sensors and sends it to the cloud, from where it can be analyzed using a smartphone app by doctors and caregivers. Backed by Novartis, Medtronic, Oracle, KP Ventures.
Care Coordination
Remedy Partners (2006, San Franciso, $95M) – Enables healthcare providers in developing and operating patient-centric episodic payment programs. Backed by Bain Capital ventures.
PatientSafe Solutions (2002, San Diego, $88.5M) – Provides smart point-of-care mobile solutions and innovating technologies enabling accountable care for healthcare organizations. Its flagship product, the PatientTouch System, delivers measurable safety and quality improvement by making care team workflows streamlined.
Remote Monitoring
LifeWatch (1993, New Jersey, IPO) – It is a maker of a medical device to be are worn on the chest to record heart’s rhythm. The data is continuously collected and analyzed in a dedicated mobile device.
iRhythm Tech (2006, San Franciso, $95M) – Its product the Zio Patch is a wearable patch designed to gather beat-to-beat heart data for diagnosis of cardiac arrhythmias. Backed by California Healthcare Foundation, Kaiser Permanente Ventures, Mohr Davidow Ventures, New Leaf Venture Partners, Northwest Venture Partners, and Synergy Life Science Partners.
EarlySense (2004, Tel Aviv, $85M) – Developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care. Backed by Pitango Capital Ventures and JKB Capital.
AirStrip technologies (2003, San Antonio, $65M) – Platform allows clinicians to securely access patient monitoring data such as continuous heart tracings and other waveforms – along with parameters such as BP, temperature, etc from EMRs, bedside monitors, and devices on their laptops and mobiles. Backed by Sequoia Capital, Welltrust Fund,and Qualcomm Ventures.
PROVIDER
Suite Solutions
Epic (1979, Madison) – Develops, implements and supports IT software solutions for healthcare providers.
Cerner (1979, Kansas City, IPO) – End-to-end healthcare information technology solutions and services for the healthcare provider to optimize clinical, financial and operational outcomes.Went public in 1986.
EHR Platform
Practice Fusion (2005, SF, $155M) – Provides a free, web-based Electronic Health Record (EHR) platform to physicians. Backed by Qualcomm, Longitude Capital, Artis Ventures, SV Angels, Band Angels, Orbimed and KPCB.
Kareo (2004, Irvine, $137M) – Provides a SaaS-based practice management system to healthcareproviders. Backed by Escalate Capital, OpenView, SVB Financial Group, Montreux Equity Partners, Silver Lake, Greenspring Associates, Western Technology Investment, Stripes Group.
Practice Management
We Doctor Group (2010, Hangzhou, $521M) – We Doctor Group, earlier Guahao offers a platform to consumers and doctors, to book and manage appointments. Offers a practice management solutions to healthcare providers. Backed by Tencent, Fosun, Morningside Ventures, Qiming Ventures and Shandong Tyan Home Co.
Practo (2008, Bangalore, $125M) – Offers a web-based platform to patients and doctors. The SaaS-based practice management solution for physicians is called Practo Ray. Backed by Matrix Partners, Sequoia Capital, Tencent, Google Capital and InnoVen Capital.
Home care Management
Homecare Homebase (2001, Dallas, $57M) – Cloud-based tech enabler for Hospice & HomeCare organizations. Backed by SV Life Sciences.
Kinnser Software (2003, Austin, $40M) – Offers web-based software solution for point of care, billing and administration services to home health agencies. Backed by Insight Partners and Georgian Partners.
Clinical Operations Management
Imaging Advantage (2007, Santa Monica, $295M) – Offers RadAdvisor, a cloud-based decision support platform for radiologists that helps in diagnostic decision support. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.
HeartFlow (2007, Redwood City, $227M) – Provides cardiovascular diagnostic support using CT scans and high-performance computing to provide physicians with data about blood flow within the coronary arteries. Backed by Capricorn Investment Group and US Venture Partners.
Administrative Solutions
Livescribe (2007, Oakland, $156M, Acq) – Provides smart CPOE solution platform for healthcare providers. Backed by Qualcomm, Greenhouse Capital Partners, Scale Venture Partners, Double Bottom Line Investors, Lionhart, TransLink Capital, Keating Capital, Presidio Ventures, Crosslink Capital, DBL Partners, Aeris Capital, VantagePoint Capital Partners. Acquired by Anoto in Nov 2015.
Awarepoint (2002, San Diego, $88M) – Offers Location-as-a-Service for healthcare organizations to facilitate asset management and tracking. Backed by KPCB, Cardinal Partners, SVB Financial Group, Venrock, Heritage Group, Icon Ventures, Jafco Ventures, Avalon Ventures, Avalon Ventures, Top Tier Capital Partners, New Leaf Ventures.
Phreesia (2005, NYC, $76M) – Provides a patient check-in platform for healthcare providers. Backed by BlueCross BlueShield Venture Partners, Escalate Capital, Ascension Ventures, Ascension Ventures, LLR Partners, Polaris Partners, Sandbox Industries, Long River Ventures, HLM Venture Partners, VantagePoint Capital Partners.
Evariant (2008, Farmington, $69M) – Provides platform for digital marketing solutions. Backed by Lightspeed Venture Partners, Health Enterprise Partners, Enterprise Partners Venture Capital and Goldman Sachs.
Professional Networks
Doximity (2011, San Mateo, $82M) – Mobile/web networking platform for physicians, medical professionals. Backed by Interwest Partners, Emergence Capital, T. Rowe Price, DFJ Venture, Morgan Stanley and Morgenthaler Private Equity.
Sermo (2000, New York City, $60M) – Social network for physicians. Backed by Kennet Partners and Deerfield Capital Management.
HORIZONTAL
McKesson (1833, San Francisco, IPO) – Provides solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services.
Imprivata (2002, Tennesse, IPO) – Provides secure access and collaboration solutions for enterprises. It strengthens user authentication, streamlines application access and simplifies compliance reporting across multiple computing environments.
MedSolutions (2002, Tennesse, IPO) – Provides Intelligent Cost Management, that encompasses utilization management, capturing savings, reducing treatment costs, and supporting diagnostic accuracy.
Health Catalyst (2000, Utah, $237M) – Provides multiple analytical products, services, and applications like population health management, patient injury prevention, operational efficiency, performance monitoring and financial management for healthcare organizations. Backed by Sequoia Capital, Kp Ventures, Epic Venture Capital, Sorenson Capital.
EMPLOYER
Benefits Administration
Castlighthealth (2008, SF, IPO) – Offers healthcare information on providers and pricing for enterprises. Went public in 2014. Went public in 2015.
Collective Health (2013, San Mateo, $119M) – Self-insurance SaaS platform for employers to sponsor their employees. Backed by Google Ventures, Rock Health, Redpoint Ventures, Maverick Capital, New Enterprise Associates, Founders Fund and RRE Ventures.
Employee Fitness & Wellness
Welltok (2009, Denver, $151M) – Platform which provides personalized incentive based patient engagement services for Population health managers. Backed by Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA), Qualcomm Ventures, Miramar Digital Ventures, Okapi Venture Capital, Georgian Partners, EDBI and Flare Capital Partners.
Virginpulse (2004, Framingham, $92M) – Provides hub of tools that foster employee engagement and wellness.Backed by Insight Venture Partners and Virgin Group.
Healthcare Delivery
Imaginehealth (2006, Midvale, $36M) – Provider of customize fleet of Healthcare providers to employers. Backed by HLM Venture Partners and Trident Capital.
Healthiestyou (2010, Scottsdale, $30M) – Teleconsultation service provider for employees. Backed by Frontier Capital.
PAYER
Connecture (1997, Brookfield, IPO) – Web-based health plan distribution platform for healthcare payers. Went public in 2014.
NexgenRx (2003, Toronto, IPO) – Web-based claims adjudication and benefits administration for processing prescription drugs, and dental office claims. Went public in 2006.
ikaSystems (1999, Southborough, $152.5M, Acq.) – Software suite for health plans that includes claims submission and authorization, member and provider portals, electronic billing and claims adjudication solutions. Backed by Essex Woodlands Health Ventures. Acquired by Blue Cross Blue Shields in 2015.
HealthEdge (2004, Burlington, $58M) – Suite of software products for the healthcare payer market that includes claims and benefits administration, care management, business intelligence and portal solutions. Backed by Psilos.
PHARMACY
Express Scripts (1986,Missouri, IPO) – Offers SaaS platform of pharmacy benefit management solutions for health plans, providers, and patients.
CatamaranRx (1981,Illinois, Acq) – Provides pharmacy benefit management solutions and connect pharmacists, doctors and caregivers with prescription data to improve health outcomes.
Talyst
(2012,Washington, $65M) – Pharmacy Management solutions to pharmacies. Backed by OVP Ventures, Align Investments, Ignition Partners.
MedAvail (2012,Ontario, $36M) – Offers a self-service kiosk solution called the MedAvail MedCenter, automating the dispensing of prescription drugs and Over-The-Counter medications. Backed by Walgreens, Redmile Group, Adage Capital.
Millennium Pharmacy Systems (2003, Oakbrook, $62M) – Offers Just-In-Time dispensing with e-prescription, administration, documentation, and reporting. Backed by Essex Woodlands, Boulder Ventures, ATEL Capital Group, CHL Medical Partners, Ascension Ventures, and HealthInvest Equity Partners.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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