From virtual care platforms to precision medicine, data analytics to interoperability, the healthcare IT landscape is constantly changing thanks to new approaches driven by entrepreneurs making waves in the sector.
Manoj Saxena, CognitiveScale executive chairman
CognitiveScale revealed a $21.8 million round of financing to advance its industry-specific machine intelligence software. “This funding will accelerate our mission to bring scalable, practical AI to the enterprise,” Saxena said.
Luke Bonney Niko Skievaski and James Lloyd founded Redox in 2014. The Epic alumni who run Redox are aggressive about interoperability, and they claim it's easier to achieve than it seems. They call it "turnkey interoperability." Most recently Redox has integrated its health apps with Epic, Cerner and eClinicalWorks, among others.
Aledade founder Farzad Mostashari, MD
Aledade, former ONC chief and physician Farzad Mostashari’s accountable care organization startup, is 'steady as she goes' as it enters its third year.
Omicia will expand HIPAA-compliant, cloud-enabled platform for research, population health, clinical trials. The startup landed $23 million in its Series B financing round, completed on June 8. UPMC led the funding.
ePatientFinder announced on June 9, it had raised $8.2 million tto build out its Clinical Trial Exchange platform. The EHR agnostic cloud-based service enables doctors to locate new treatment options, preventative procedures and clinical trials for their patients.
Intermountain led a $12 million funding round that Zebra said it will use to build out its analytics engine with machine learning algorithms for diagnosing imaging scans.
The forthcoming cloud service will monitor a user’s heart activity around the clock, according to CEO Ryan Howard.
The data science company said it will use the investment money to develop applications for care and quality measurement.
Decisio Health, a startup that aims to help acute-care provider organizations continually improve their clinical processes, launched the Decisio Health Clinical Intelligence Platform on May 17 and also announced $4.5M in Series A funding. The new platform is based on technology developed at the University of Texas Health Center. Read full story.
Andrew Kress, co-founder and CEO of HealthVerity,
Health Verity’s technology enables customers to rapidly discover, license and assemble patient data from a wide range of traditional and emerging healthcare data sources that can aid pharmaceutical, hospital and payer organizations seeking to enhance patient insights from existing and new data sources. The startup has landed $7.1 million in its first round of funding.
Augmedix co-founders Ian Shakil, left, and Pelu Tran
Augmedix, which bills itself as the world's first Google Glass startup, has secured $23 million in venture funding to date. Already, the Google Glass service is being used by five health systems nationwide, including the 40-hospital Dignity Health in San Francisco.
Ruben Amarasingham, MD
Pieces Technologies landed $21.6 million in its first round of funding in March 2016. The investment will help the fledgling company advance its cloud-based population health management tools, said CEO and founder Ruben Amarasingham, MD. Pieces Tech’s software platform, incubated at the Parkland Center for Clinical Innovation, provides integrated monitoring, prediction, workflow optimization and organizational learning services specifically for hospitals and health systems.
Alejandro Foung, Lantern co-founder and CEO
Lantern, a San Francisco-based startup, with 17 employees, is working with UPMC Enterprises, the commercialization arm of the Pittsburgh-based healthcare giant, to further develop the company’s online mental health wellness services and products.
Health Catalyst CEO Dan Burton
Health Catalyst has raised $70 million in its fifth round of funding, bringing the total of venture capital it has attracted to $235 million.
Norwest Venture Partners, the lead investor in three previous rounds of funding, and UPMC Enterprises, the commercialization arm of UPMC, co-led the round. UPMC is also a Health Catalyst customer and technology development partner.
Zipnosis CEO Jon Pearce
Zipnosis, a startup that provides virtual care platforms, has raised $17 million in its Series A financing round to speed product development. Zipnosis describes its offering as a platform that empowers health systems to launch proprietary branded virtual care service lines staffed with their own clinicians. The goal is to maximize the clinician's time and ensure clinically appropriate patient outcomes.
Nat Turner and Zach Weinberg, co-founders of Flatiron Health
In recent months New York-based Flatiron Health opened an office in San Francisco, completed a second round of funding – $130 million – in May 2014, and doubled down on using data to work on eradicating cancer. The company also joined forces with another oncology company to work on the next generation of cloud-based, electronic health record, data analytics and decision support software for cancer care providers around the world.
Patrick Soon-Shiong, founder and CEO of NantHealth
Patrick Soon-Shiong, businessman, surgeon, scientist and founder of health IT company NantHealth announced back in July 2015 that he planned to take the company public by the end of the year. "We feel we have one or two transactions to accomplish, then we will initiate the public offering that we anticipate will happen probably within this year," Soon-Shiong, was quoted in the Los Angeles Times. The health IT company aims to solve the interoperability crisis and also promises to take genomics and clinical decision support to a new level. We’re still watching for an IPO in 2016.
From virtual care platforms to precision medicine, data analytics to interoperability, the healthcare IT landscape is constantly changing thanks to new approaches driven by entrepreneurs making waves in the sector.
The following gallery highlights some of those emerging companies and people who made news in 2016. Check back often as we will be updating the collection regularly.
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