MDClone copies a well-used route to success, raising $26 million in capital, by claiming to create the "first of its kind platform which democratizes data to the entire healthcare ecosystem". Uhh, wow, I think I should be impressed, at least by the level of hype. Oh wait, it uses "synthetic data". Hmmm, doesn't that mean artificial? So you are democratizing fake data? Oh gosh, now I am just confused, but then I am obviously not as smart as the investors who fall for this stuff.
Telus Health, a subsidiary of the large Canadian telecommunications company, tells us that it is buying the combined Akira/Right Health firm, a vendor of virtual care software.
Hold on to your hats, the world of health care is being transformed, by the transformative merger of iGambit and Clinigence, or at least that is what the press release says. The former is a health risk assessment platform and the later does population health analytics.
https://www.igambit.com/blog
Aug192019
Nomad Health, which offers temporary staffing services for health systems, wanders into a fresh $34 million of capital.
Aspirion, which aspires to get larger, is buying Specialized Healthcare Partners, which helps providers collect on complex claims. Aspirion provides other revenue cycle management services to providers.
Buoy Health floats a fresh $15 million in financing for its website that uses, guess what, AI, to help consumers find health information, because there just aren't enough websites like that already.
Sidecar Health motors along, raising $18 million in new capital for its health insurance plan that will begin operations in Texas. The company claims that its plans will cost 40% less and let consumers see any provider, etc., etc. Sounds too good to be true and it undoubtedly is.
Accolade, which supposedly helps patients "navigate" the medical care system, wins plaudits for acquiring MD Insider, which offers data on provider quality and cost.
UK-based Babylon Health shows that digital health investment derangement syndrome is apparently worldwide, as the telehealth firm raises $550 million in new capital.
Shields, a provider of on-site specialty pharmacies for health systems, has received an undisclosed amount of financing from a group that includes Walgreens.
Physician staffing firm Sound Physicians hears the market and calls an audible, acquiring iNDIGO Partners, a Michigan telemedicine and hospitalist staffing firm.
Hello Heart, a vendor of another digital heart health tracker, raises $12 million in new financing. I have no clue why investors think we need the 400th iteration of this digital tracking crap that no one is going to find long-term value in.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.