A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS
- Spry Health which provides a predictive analytics based monitoring wearable has raised $5.5M Series-A funding led by Grove Ventures with participation from the Stanford-StartX Fund. Link
- AI startup Mindstrong which offers a behavioral health assessment platform has raised $14M funding led by ForeSite Capital and ARCH Venture Partners with participation from Optum Ventures, Berggruen Holdings and One Mind Brain Health Impact Fund. Link
- Innovu, a provider of employee health management solution raised $6.5M in financing from an undisclosed investor. Link
- Sigmacare, a CDSS-integrated EHR provider for long-term care is acquired by MatrixCare. Link
- PHEMI which offers big data solutions for healthcare raised $10M from Quark Venture, GF Securities, CTI Life Sciences Fund (CTI), BDC Capital Healthcare Venture Fund, and Yaletown Partners. Link
- Cyder, a provider of patient flow management software is acquired by Cambio Healthcare. Link
- Coviti Healthcare which provides analytics-driven payment accuracy solutions for healthcare payers announced an agreement to purchase a value-based payer-provider analytics company RowdMap for $70M. Link
- Wellframe, an AI-based mobile care management solution provider raised $15M Series-B funding led by F-Prime Capital, with participation from existing investors including DFJ. Link
SOME INTERESTING STARTUPS FOUND
2bPrecise (2016, Pittsburgh) – A provider of a cross clinical-genomic platform for precision medicine & scientific discovery.
Ibex (2016, Tel Aviv) – An AI-based digital pathology solution for cancer diagnostics.
LEADER BOARD – HEALTHCARE ANALYTICS
Suite Solutions
NantHealth (2007, Culver City, IPO) – Building an integrated, evidence-based, omically-informed, personalized approach to the delivery of care and the development of next generation healthcare solutions.Went public in 2016.
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.
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.
EHR Platforms
Modernizing Medicine (2010, Boca Raton, $328.74M) – Provides Electronic Medical Assistant (EMA), is a cloud-based, specialty-specific electronic medical record (EMR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Pentland, Sands Capital, Sands Capital Ventures
Flatiron Health (2010, 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.
Population Health Management
Welltok (2009, Denver, $185M) – PaaS based analytics platform for health optimization and population health management. Backed by Qualcomm Ventures, EMCAP Partners, Interwest Partners, Bessemer Venture Capital.
MedHOK (2009, Denver, $185M, Acq) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions. Acquired by Hearst Communications.
Clinical Analytics
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, $227M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Butterfly Network (2011, Guilford, $100M) – Developing a device that combines deep learning and an ultrasound imaging technology. Backed by Aeris Capital and Stanford University.
Financial Analytics
Remedy Partners (2011, Fairfield, $96M) – Provides a tech-enabled episode based care. Backed by Bain Capital Ventures, TomorrowVentures, Bain Capital, Spring Lake Equity Partners.
MediGain (2002, Plano, $46M) – Analytics tools for revenue cycle management, billing, and reimbursement. Backed by Prudential Capital Partners.
Apixio (2009, San Mateo, $42M) – Cognitive computing platform for risk adjustment coding. Backed by SSM Partners, First Analysis, and Bain Capital Ventures.
Truveris (2009, NYC, $27M) – A 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.
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.
Evidation (2014, Menlo Park, $31M) – Data analytics platform to assess digital health technologies. Backed by Rock Health, GE Ventures, Sanofi-Genzyme BioVentures, Fresco Capital, B Capital Group and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and understaffing. Backed by Health Velocity Capital, HLM Venture Partners, Draper Triangle, West Capital Advisors and more.
Impact Rx (2000, Mount Laurel, $28M, Acq) – Platform which tracks and evaluates the impact of pharmaceutical promotions on the prescribing behavior of the physicians. Backed by Western Technology Investment, Mediphase Venture Partners, 3i Group.
Health Engagement
Proteus Digital Health (2001, Redwood City, $404M) – Medication adherence platform using sensor-enabled pills, biometric sensor patch, and data analytics. Backed by Novartis, Medtronic, Oracle, KP Ventures.
Early Sense (2004, Israel, $85M) – Has developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits. Backed by Pitango Venture Capital, The Challenge Fund-Etgar, JK&B Capital, ProSeed Venture Capital Fund, Docor International, Bank Hapoalim, Bridge Investment Fund, Noaber Services, Mitsui, Impact First Investments, Partners500, Welch Allyn, Samsung Venture Investment.
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.