Author: MobiHealthNews
Covera Health, an AI-enabled clinical data analysis company focused on improving radiology readings, announced it secured an additional $50 million in Series C funding and finalized its acquisition of CoRead, which uses AI to flag medical errors on radiology examinations. The funds add to the company’s $25 million Series C round announced in 2021. Insight Partners led the 2021 round and the current $50 million add-on, with $25 million being committed to Covera from the recent round today. Former CoRead CEO Lawrence Ngo will join Covera Health as senior vice president of its quality assurance platform. WHAT THEY DO New…
FireflyVR, a company that develops virtual reality software for mental healthcare, announced the appointment of Andy Mathis as its new chief business officer and Steve Howarth as its chief financial officer. Mathis’ previous roles include head of Android carrier partnerships in North America at Google, head of customer account management at Oculus, director of healthcare partnerships for the REAL System at Penumbra, and, most recently, principal of business development, emerging products at Amazon. Howarth formerly held the role of vice president of global finance operations at medical device company Medtronic. “I look forward to building on FireflyVR’s already strong relationships…
GE HealthCare reported its third-quarter earnings today, noting revenue of $4.8 billion, a 5% year-over-year revenue growth and 6% organic revenue growth, seeing its stock price rise. The company, which officially spun out of GE earlier this year, reported $375 million in net income compared to $487 million compared to the prior-year period, with a net income margin of 7.8% versus 10.6%, respectively. Adjusted earnings before interest and taxes (EBIT) were $744 million in the third quarter compared to $700 million in the same quarter last year. The tech giant’s health division reported cash flow from operating activities at $650 million…
Global healthcare investment firm OrbiMed announced it raised more than $4.3 billion in commitments for its private investment funds – OrbiMed Asia Partners V, OrbiMed Royalty & Credit Opportunities IV and OrbiMed Private Investments IX. A range of university endowments, pension funds, medical institutions, foundations, family offices and sovereign wealth funds invested in the funds. WHAT IT DOES OrbiMed invests in businesses from the seed stage to large publicly-traded companies in biopharmaceuticals, medical devices, diagnostics and technology-enabled healthcare services. Its portfolio consists of fertility benefits manager Carrot Fertility, chronic-condition-management platform DarioHealth, tech-enabled drug-discovery startup Insilico, health-data company MDClone, AI-powered preclinical…
A new generative AI tool has been made available to doctors in Japan that helps summarise long and detailed preliminary interviews of patients. Japanese startup Ubie has recently launched a large-language model-based (LLM) feature on its AI-powered patient service platform. HOW IT WORKS The Medical Interview Summary Function is a new feature on the Ubie Medical Navi, a platform offering that replaces paper medical questionnaires with digital forms for patients. It is said that the service platform, which is currently only available to Japanese clinics and hospitals, can tailor preliminary interviews based on patient symptoms. After answering 20-30 questions related to their…
Senior care technology platform Sage raised $15 million in a Series A funding round led by Maveron. Distributed Ventures, ANIMO Ventures and Goldcrest Capital also participated in the round. Natalie Dillion, partner at Maveron, will join Sage’s board of directors. Sage offers a coordinated-care platform for senior living communities that allows residents and their caregivers to connect with care teams. The app also provides data insights to those teams on a resident’s care needs and trends, recommendations, and community-performance metrics. The company will use the funds to expand its data science team and fuel its growth. “Sage changes the way care teams…
Harmonic Health, a tech-enabled dementia care platform, announced its launch today alongside a partnership with Stoney Batter Family Medicine, a medical practice with locations in Delaware, Maryland and Pennsylvania. St. Louis-based Harmonic Health is a company built at Redesign Health, which helps build, launch and find funding for digital health startups. Harmonic offers comprehensive care-management for patients and their caregivers, including a physician-engagement platform and 24/7 behavioral, social and medical support. The company also offers telehealth, predictive care and educational content. Through its partnership with Stoney Batter Family Medicine, the company will pilot a program providing physicians and their patients…