Portfolio News

How to Use Big Data to Improve Patient Engagement

Patient engagement remains an elusive goal in the healthcare industry, wrote Dr. William Disch, director of analytics at Evariant, in an article on DataInformed.com. But big data analytics can help, particularly with chronically ill patients. Because this population also has a problem with compliance regarding medications and other health maintenance issues, it’s particularly important to use technology to help these patients. Health care providers can use big data insights to identify people who have chronic illnesses and help them to receive the information they need in order...

ClearCare Introduces New Online Management System

Home care industry leader ClearCare has developed a new software system for managing day-to-day healthcare operations. The system was built to save both time and money by automating simple office processes. Highlights of the new system include advanced scheduling tools, billing attributes, and HR capabilities. ClearCare’s new software system is accessible 24/7 through any mobile or Internet device. The online system allows information to be transmitted in real-time, which allows users to stay up-to-date on any recent changes. The interface offers separate portals for caregivers and...

Accolade Secures $70 Million in Series E Funding

Health concierge Accolade raised $70 million in investment funding. The start-up company will use the funding to expand its outreach efforts, which include: marketing, sales, research, and further developing its technological platform. Private American venture capital firm Andreessen Horowitz led the fundraising efforts, with significant contributions from Madrona Venture Group. Jeff Jordan, Andreessen Horowitz General Partner, is now serving on Accolade’s board of directors. "Accolade is simply the best tool we’ve seen to help companies simultaneously improve both the quality and the cost of health care,” Jordan...

PillPack Deploys PokitDok’s Pharmacy APIs for Real-Time Pharmacy Eligibility

PokitDok and PillPack are partnering up to improve patient experiences for more than 16 million Medicare Advantage Beneficiaries and 40.5 million Medicare Part D Prescription Drug Benefit Plan recipients. PokitDok, a McKesson Ventures portfolio company, is a cloud-based API platform that is designed to streamline healthcare transactions. By partnering with PokitDok, PillPack enables its customers to instantly find out which prescriptions are covered, how much it costs, and how their insurance applies. PillPack primarily serves individuals that must manage multiple medications, making the process simpler by delivering...

Playing catch-up in hospital innovation

In a recent article on TechCrunch, Crunch Network contributor Mandira Singh argues that a big change is due in health care: more tech innovations to improve processes, deliver healthcare, increase accuracy, and ensure that patients are able to receive the care they need, when they need it. While we have over a million apps and other services to help us stay fit, keep us entertained, educate us, improve our efficiency, and more, the healthcare industry is notably lacking in IT solutions. Yet these are the kinds...