Top 5 videos from HIMSS17

Top 5 videos from HIMSS17

Venture funding for analytics, telemedicine, clinical surveillance heating up

Investments in Arcadia, SnapMD and PeraHealth are among those pointing the way toward evolving healthcare strategies.
By Mike Miliard
02:04 PM

A recent spate of substantial venture investments are indicative of where the health industry is headed in 2017 and the years ahead, suggesting a burgeoning trend toward smarter data for clinical quality and value-based agility enabled by virtual care.

This past week, on Jan. 5, Arcadia Healthcare Solutions gained $30 million in new capital from investors including the Merck Global Health Innovation Fund, GE Ventures and others. The cash infusion will help the data aggregation and analytics company innovate in its offerings for 60 or so customers: primarily ambulatory sites pursuing value-based care arrangements with affiliated health plans, IDNs, ACOs and more. 

[Gallery: Health IT startups to watch: Running list of big news]

The money will help Arcadia continue to build on its acquisitions of Concordant and Sage Technologies (2011 and 2015, respectively), expanding its analytics platform to help broaden population health management initiatives nationwide.

"Arcadia’s deep expertise in transforming isolated data into critical insights that enable providers to close gaps in care and enable better outcomes is central to our investment hypothesis around population health," Joel Krikston, managing director at Merck GHI.

On Jan. 9, telemedicine company SnapMD closed Series A extension for $3.25 million, bringing the total funding it's raised so far to $9.15 million. Officials say they'll put the money to work developing its Virtual Care Management platform and expand efforts to build revenue through channel partnerships with companies such as athenahealth and Konica Minolta.

The same day, PeraHealth, which develops predictive clinical surveillance technology, announced it had secured $14 million the equity firm Mainsail Partners, which will be put to work building out it clinical tools, help spur efforts toward further adoption and enable ongoing R&D.

At use in more than 80 hospitals such as Yale New Haven Health System and Houston Methodist, PeraHealth's technology integrates with EHRs to help optimize bed assignment prioritize nursing assignment, improve clinical documentation accuracy, inform discharge plans and more. Its proprietary Rothman Index is patient acuity model and scoring system that can help manage illnesses such as sepsis by helping clinicians spot patients most in need of earlier intervention.

"We're very impressed with PeraHealth's products," said Michael Anderson, a partner at Mainsail Partners. "Customers have demonstrated meaningful clinical improvements, like reductions in mortality rates, by using PeraHealth. Also impressive is the ease by which customers integrate the product into their daily routine and electronic medical record software." 

Twitter: @MikeMiliardHITN
Email the writer:

Like Healthcare IT News on Facebook and LinkedIn

More regional news

A programmer using a computer.

(Photo by skynesher/GettyImages)

Tift Regional Medical Center sepsis IT

The new Tift Regional Medical Center expansion will open in the fall of 2021 in Tifton, Georgia. The 263,000-square-foot, four-story tower will include a new emergency center, inpatient units and new ICU. (Credit: Tift Regional Medical Center)

Want to get more stories like this one? Get daily news updates from Healthcare IT News.
Your subscription has been saved.
Something went wrong. Please try again.