Portfolio News

Truveris Pulls in $25mln in Series D

New York City-based Truveris, a healthcare tech company focusing on cloud-based data analytics, recently raised $25 million during its Series D funding. The funding round was led by McKesson Ventures, with other investors including Canaan Partners, New Leaf Venture Partners, Tribeca Venture Partners, and New Atlantic Ventures. “Access to affordable prescription drugs is a critical need facing all Americans,” said Truveris President and CEO Paisal Mushtaq. “This strategic investment enables us to rapidly expand the availability of our platform so we can help more organizations reduce...

How to Raise Your Employees’ Benefits IQ Before Open Enrollment

With all the paperwork required for benefits, particularly during the open enrollment season, it can be difficult to make sure employees receive everything they need. With the Bureau of Labor Statistics finding that the average cost of employee benefits is about 30% of their total compensation, it’s vital to make sure benefits are explained and easily accessible. For many HR professionals, the amount of work involved requires outside assistance in order to get it all done in a timely manner. Keeping track of requirements is a...

Doctors in Smart Glasses Are Using the “Pokemon Go” of Medicine

With health systems around the world under pressure due to time restraints and excessive paperwork, bedside manner is often the first to go. That’s why Augmedix’s Google Glass transcription service is so vital to the healthcare industry. “Augmedix allows doctors to focus on what matters the most: patient care,” says Augmedix co-founder Ian Shakil. Augmedix provides a hands-free “assisted reality” tool that can provide doctors with data on their patients without requiring time away from human interaction to make sure everything is recorded properly. “Most doctors spend more than...

Aledade Tech is Helping Solo Practitioners Stay Independent Amid Value-Based Shift

With healthcare moving to value-based care models, smaller independent physicians need new ways to keep track of data. That's why Shawn Purifoy, MD, who owns the Malvern Family Medical Clinic in Malvern, Arkansas, has taken to using the Aledade Arkansas ACO. According to Purifoy, the ACO partners with primary care physicians to provide IT services that help smaller practices like Purifoy's remain independent—and efficient. "Value-based care is the primary focus of the work being done within the Aledade ACOs," Purifoy said. "As an independent solo practitioner, I...

Kyruus CEO Shares Perspective on Digital Health in Massachusetts

Kyruus CEO Graham Gardner likens Kyruus's efforts to change healthcare to the way Oakland A's manager Billy Bean redefined baseball by focusing on the inherent value of his players in the book Moneyball. The KyruusOne software platform, according to Gardner, helps health systems connect patients with "the right provider the first time." It's a centralized provider database that includes information on medical conditions, procedures, insurances, languages, and scheduling rules so that patients and providers can find the best fit. Additionally, Kyruus's ProviderMatch search and scheduling applications, currently used...