Portfolio News

StartUp Health’s Q3 is an Even Crazier $9bn YTD

StartUp Health recently reported on Q3 digital health funding activity, joining a previous Rock Health study. According to StartUp, whose study takes a wider sample than Rock Health’s, funding in Q3 is already at $9bn, past last year’s $8bn. StartUp Health notes that it is very likely funding will surpass $10bn by the end of 2017. Some key takeaways: -- Q3 charted $2.5bn in funding so far, which is less than Q2 ($3.8bn) but above Q3 funding in 2016 ($2.2bn). -- Series C and D deals provided 15%...

Diffusing Innovation: A Case Study of Care Management in Louisiana

Aledade, a health company that works with independent primary care practices to operate accountable care organizations (ACOs), currently helps 287 primary care practices in 17 states look after more than a million patients. Their mission is to find more and better ways to diffuse innovation, including determining sustainable financial models, adapting local environments to partnerships, standardizing trainings, and improving technologies. Aledade’s work with Louisiana ACOs is just one example of the company’s adoption of optimal chronic care management across partnerships with healthcare practices. Aledade started by looking...

Avizia Acquires Carena

Telehealth company Avizia announced on October 10 that it will acquire Seattle-based Carena, a leading virtual care provider. This acquisition makes Avizia the largest and most comprehensive telehealth solutions partner in the nation. It will also roughly double Avizia’s size, raising the number of health systems on its platform from about 35 to 70. The combined company will provide telemedicine services to more than 1,300 hospitals. Avizia helps both initiate and maintain system-wide telehealth strategies. By adding Carena to its holdings, Avizia can now customize a...

Black Book ranks top 50 disruptive health IT companies, see the list

On Friday, market research firm Black Book published its list of the 50 most disruptive IT companies in healthcare. Hospitals and payers rated these companies the highest in terms of client experience. The list—comprised of both startups and established names—is categorized by services rendered. McKesson Ventures portfolio company PokitDok made the list for cybersecurity. The winners, along with their official scores, are listed below: Cybersecurity PokitDok – Clearinghouse & Blockchain Solutions: 9.82 ExtraHop - Healthcare Data Security Solutions: 9.67 Fortinet - Healthcare Cybersecurity: 9.60 Imprivata - Healthcare IT...

Why ACOs Should Be Considered by Independent Primary Care Physicians

Primary care physicians have been asking themselves how they can survive and thrive in a reimbursement environment that is increasingly biased toward consolidation, specialists, and large health systems. Empowered independent primary care practices will help create a health system that is better for patients, better for society, and better for physicians. And one of the best models is that of the physician-owned Accountable Care Organization (ACO). ACOs work because they are built around the same core principles as the physicians who join them: ensuring that patients get...