MediFormatica’s Post

Why Digital Health Startups Should Start Thinking About Their Reimbursement Pathway Earlier Some of the most difficult processes for digital health startups to navigate are those related to reimbursement and coding. Startups will often need to create entirely new codes for their products, so they should start thinking about this sooner rather than later, experts said at a recent conference. https://lnkd.in/gn78MQuS #startups #devices #diagnostics #healthtech #digitalhealth #reimbursement

March Fundraising Roundup: 7 Provider Tech Startups That Closed Rounds This Month – MedCity News - MedCity News #MarchFundraisingRoundup In March, several provider tech startups successfully closed funding rounds, indicating a growing interest in healthcare technology investment. Here are 7 notable startups that secured funding this month: #1. #PatientEngagementPlatform One of the startups that closed a funding round in March is a patient engagement platform that aims to improve communication between patients and healthcare providers. #2. #TelehealthSolution Another startup that secured funding offers a telehealth solution that allows patients to access care remotely, leading to increased convenience and accessibility. #3. #EHRIntegrationTool A third startup focuses on developing an EHR integration tool that streamlines the process of sharing patient information between different healthcare systems. #4. #AI-poweredDiagnostic ai.mediformatica.com #seriesa #startup #funding #fundinground #codametrix #data #healthcare #nourish #pihealth #platform #seriesafundinground #technology #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3TV9qiv)

We are thrilled to welcome Ethos and PEP to Mayo Clinic Platform_Accelerate, our revolutionary accelerator program for health tech startups! Learn more about these innovative companies and what they are already doing to transform care: Ethos is an AI-enabled platform addressing alcohol use across its spectrum of risk through early detection and continuous monitoring. Through its partnership with Mayo Clinic Platform, Ethos is developing a novel machine learning model to enhance the capability of healthcare organizations and providers to preemptively identify and treat individuals at risk for Alcohol-Associated Liver disease.   Through their AI persona Addie, PEP is revolutionizing patient care transitioning. Addie empowers hospitals to pinpoint post-acute care candidates upon admission and assists those providers in streamlining the recovery journey. Seamlessly bridging acute and post-acute providers, PEP ensures optimal patient outcomes. Whether returning home or transitioning to long-term care, Addie orchestrates smooth transitions, enhancing efficiency and quality of care. Want to follow their journey? Subscribe to the Accelerate monthly newsletter: https://lnkd.in/g96DtAtS #ai #healthcare #startups #healthtech #mayoclinicplatform

Thrilled to announce Ethos partnership with Mayo Clinic Platform_Accelerate to advance #earlydetection of Alcohol-Associated Liver Disease (ALD). From 2022 to 2040, ALD is projected to cost $880 billion. What is even more shocking is that women accounted for 29% of all costs associated with the disease in the U.S. in 2022 and are expected to account for 43% by 2040. We are currently facing a significant crisis in women's health. Insufficient resources and policies for women are leading to structural inequities in #mentalhealth and #behavioralhealth support. It is crucial that women's #behavioralhealth becomes a priority in both legislation and health innovation. I'm extremely proud that Ethos can contribute to mitigating the devastating impact ALD will have on #womenshealth. #EarlyDetection #AlcoholAssociatedLiverDisease #ALD #WomensHealth #HealthCrisis #HealthEquity #MentalHealth #BehavioralHealth

💡 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞: 𝐖𝐡𝐲 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐢𝐬 𝐁𝐞𝐭𝐭𝐢𝐧𝐠 𝐁𝐢𝐠 𝐨𝐧 𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐂𝐚𝐫𝐞 🚀 The landscape of venture capital (VC) is evolving, with investors increasingly targeting clinical care as a sector ripe for innovation and growth. This trend is driven by a mix of technological advancements, shifting patient expectations, and the potential for transformative outcomes in healthcare. 🌟 𝐖𝐡𝐲 𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐂𝐚𝐫𝐞 𝐈𝐬 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐧𝐠 𝐕𝐂 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 - 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐁𝐞𝐭𝐭𝐞𝐫 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞: As patient populations grow and age, there’s an increasing need for efficient, accessible, and high-quality care solutions. - 𝐓𝐞𝐜𝐡-𝐃𝐫𝐢𝐯𝐞𝐧 𝐃𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐨𝐧: From telemedicine to AI-powered diagnostics, technology is unlocking new opportunities to improve care delivery and patient outcomes. - 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐒𝐡𝐢𝐟𝐭𝐬: Evolving policies are creating favorable conditions for startups in clinical care, encouraging innovation while ensuring patient safety. - 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 𝐑𝐎𝐈 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥:  Healthtech startups offer significant potential for returns, especially as they address inefficiencies in traditional care systems. 🚀 𝐊𝐞𝐲 𝐀𝐫𝐞𝐚𝐬 𝐨𝐟 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐅𝐨𝐜𝐮𝐬 - 𝐓𝐞𝐥𝐞𝐡𝐞𝐚𝐥𝐭𝐡: Platforms enabling remote consultations and monitoring are expanding access to care, particularly in underserved areas. - 𝐀𝐈 𝐢𝐧 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬: Machine learning tools are accelerating diagnoses, reducing human error, and supporting clinicians in decision-making. - 𝐇𝐨𝐦𝐞-𝐁𝐚𝐬𝐞𝐝 𝐂𝐚𝐫𝐞: Startups delivering care services at home are gaining traction, as patients and families increasingly prefer this model over traditional hospital stays. - 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐂𝐚𝐫𝐞 𝐌𝐨𝐝𝐞𝐥𝐬: Solutions that connect disparate aspects of care—such as mental health and primary care—are making healthcare more cohesive and effective. 🌐 𝐁𝐫𝐨𝐚𝐝𝐞𝐫 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 These investments go beyond just financial returns—they’re shaping the future of how care is delivered. By funding innovation in clinical care, VCs are driving a more patient-centric, tech-enabled healthcare ecosystem that promises to improve lives on a global scale. 𝐈𝐧𝐬𝐢𝐠𝐡𝐭: The convergence of technology and clinical care is more than a market opportunity—it’s a chance to redefine healthcare as we know it. 💬 𝐖𝐡𝐚𝐭’𝐬 𝐲𝐨𝐮𝐫 𝐭𝐚𝐤𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐫𝐢𝐬𝐢𝐧𝐠 𝐕𝐂 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐢𝐧 𝐜𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐜𝐚𝐫𝐞? 📖 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐨𝐫𝐢𝐠𝐢𝐧𝐚𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://lnkd.in/e6ibRFTC #VentureCapital #HealthcareInnovation #ClinicalCare #HealthTech #AI #Telemedicine #HomeCare #FutureOfHealthcare #TechInvestments #PatientCentric

Why Digital Health Startups Should Start Thinking About Their Reimbursement Pathway Earlier – MedCity News - MedCity News Summary: #Importance of Reimbursement Strategy Healthcare IT startups need to prioritize developing a reimbursement pathway early on to ensure sustainability and growth in the industry. #Understanding Reimbursement Landscape It is crucial for startups to have a clear understanding of the complex reimbursement landscape in healthcare to navigate challenges effectively. #Reimbursement Challenges Startups often face challenges related to reimbursement, such as coding, coverage, and payment issues, which can hinder their success in the market. #Collaboration with Payers Collaborating with payers early in the development process can help startups align their solutions with reimbursement requirements and increase market adoption. #Data Collection for Reimbursement Collecting relevant data on clinical outcomes and cost-effectiveness is ai.mediformatica.com #conference #reimbursement #about #health #heartrhythmsociety #startups #digital #medcity #news #coding #digitalhealth #digitalhealthstartups #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3MD3AxM)

The Ethos team is excited to join the Mayo Clinic Accelerate program, where we will address the critical intersection of Alcohol Use Disorder (AUD) and Alcohol-Related Liver Disease (ALD). With the prevalence of these comorbidities escalating, it is imperative to reframe AUD as a chronic condition within the healthcare landscape. Through this program, we aim to leverage advanced AI and machine learning to enhance early detection and intervention strategies, ultimately improving patient outcomes and reducing the burden of liver disease. Our collaboration with Mayo Clinic will be pivotal in driving innovative solutions and fostering a holistic approach to managing AUD and ALD. #HealthcareInnovation #AIinHealthcare #MachineLearning #AlcoholUseDisorder #LiverDisease #MayoClinicPlatform #MayoClinicAccelerate

Regard Secures $61M in Series B Funding, Valued at $350M Regard, a digital health startup, has successfully raised $61 million in a Series B funding round, significantly boosting its valuation to a noteworthy $350 million. The round was expertly led by Oak HC/FT and also saw active participation from Cedars-Sinai Health Ventures and existing investors. Since its establishment in 2017, Regard has harnessed the power of AI to meticulously analyze patient health data, empowering physicians to streamline their processes, consequently leading to enhancements in diagnosing accuracy. This innovative approach by Regard has allowed doctors to seamlessly detect various health conditions, with a notable case where a general physician utilized Regard to identify atrial fibrillation, a potential oversight by a cardiologist. Aside from the direct benefits to healthcare professionals, which include saving time and delivering accurate diagnostic outcomes, Regard's software solutions have also been found to create new billing opportunities for hospital financial administrators based on the identification of previously undetected conditions. The company has shown substantial growth, experiencing a remarkable revenue surge of 4.5 times in 2023, with projections pointing towards similar growth in the current year. Notably, Regard anticipates achieving profitability within the next two years, a testament to its steadfast trajectory within the healthcare technology landscape. Investors are notably enthusiastic about the measurable impact on physician productivity, the reduction of burnout, accurate coding, and positive clinical outcomes. Since its inception in 2021, Regard has solidified partnerships with prominent healthcare systems such as Banner Health, Sentara Healthcare, Montefiore Medical Center, and Cedars-Sinai Medical Center. Competitors in this space include Engage One by 3M and the startup Pieces. Furthermore, Nancy Brown of Oak HC/FT has reiterated the firm's confidence in Regard's leadership position, praising its scalability and robust return on investment for clients. # Thank you Liora Chen for your submission!

Counsel Health secures $11M in seed funding led by a16z - MobiHealthNews I'm sorry, but I can't access external content such as the blog post from the provided URL. However, if you can provide text or key points from the blog post, I'd be happy to help you create a summary based on that information. ai.mediformatica.com #health #patients #platform #healthcare #medical #startup #a16z #andreeenhorowitz #asynchronous #biohealth #clinicians #funding #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/40m5HxU)

When you are on a journey to revolutionise a core sector such as healthcare and make quality healthcare accessible for all by solving for last mile- specially in medically underserved markets, you are always looking for aligned capital and strong partners to believe in your vision and partner with you in this journey. In Elevar Equity we not just found a partner who believes in us but also believes in our customer segment - together we are on a mission to change the world and make healthcare more equitable for all ! In the last two years we have served over 100000 plus patients in close to 100 plus eClinics powered by the most robust and compliant technology platform connecting the local healthcare ecosystem to medically underserved markets … and we are just getting started ! Shobhan Mahapatra Sanjay Swain Vasant Nangia Shikha Suman Dr. Shilpa Bhatte, MD Siddharth Das Ramdas Mullath Nikhil Gupta Sandeep Farias Jyotsna Krishnan Vipul Rawal Amie Patel Johanna Gil Posada Shobha Venkataraman bhaskar pramanik Randy Belcher CureBay raises Rs 62 crore in funding round led by Elevar Equity https://lnkd.in/gWVpnNwe Download Economic Times App to stay updated with Business News - https://lnkd.in/gzAZC6ME