Swedish MedTech startup Kry raised $300 million in a funding round that values the telehealth platform at $2 billion, almost triple the $700 million valuation the firm had last year, CNBC reported. The funding round was led by CPP Investments and Fidelity, with participation by...
On the surface, it appeared as a typical acquisition. A bank, Bank Of America, acquires a healthcare payments platform, Axia Technologies, to strengthen its patient/provider payments capabilities. Under the surface, it was more: a cornerstone for expanding its merchant service offerings in healthcare beyond payments...
As we reported in February, healthcare data breaches have been on the rise since the start of the pandemic. Now, new data shows that the rate at which patient information is being accessed is not slowing down. In March alone, Modern Healthcare reports, there was...
Sun Life Financial will acquire medical intelligence and healthcare navigation provider PinnacleCare International, Sun Life announced Friday (April 23). The $85 million deal will make PinnacleCare part of Sun Life’s Stop-Loss & Health business, which is the largest stop-loss provider in the U.S., per the announcement....
InsurTech Oscar Health is launching +Oscar, a “tech-driven platform business designed to help healthcare clients drive improved efficiency, growth and superior engagement with their members and patients.” An InsurTech aims, through the use of technology, to disrupt the health insurance industry. “We have built Oscar from...
It wasn’t a physician who said, “an ounce of prevention is worth a pound of cure.” It was a revolutionary with a second-grade education named Ben Franklin. Also, he was talking about fires and not fitness — but the saying is forever tied to the...
Facebook said it is rolling out artificial intelligence (AI) tools aimed at predicting the best combination of pharmaceuticals to combat complex illnesses, VentureBeat reported. The social media behemoth said it is launching the first AI solution that is able to predict the effects of drug combinations and...
Microsoft showed just how seriously it takes its ambitions in the health sector when it announced its second most expensive purchase in history after LinkedIn – that of Nuance Communications. Nuance, which specializes in speech recognition, will enable Microsoft to develop technology that can process...
After a troubled year involving a lawsuit by the American Hospital Association, the price transparency rule for hospitals went into effect on Jan. 1, 2021. The rule, issued by the Centers for Medicare & Medicaid Services (CMS), is intended to not only make pricing for...
