Prior authorization is a large burden on the healthcare system. While it was conceived as a way to cut unnecessary healthcare costs, the infrastructure of the prior authorization process has failed to innovate as rapidly as the rest of the healthcare industry, leaving providers and patients frustrated. Aside from the complexities surrounding the process as a whole, PA has been listed by physicians as the #1 cause of burnout. The volume of PAs are increasing by 20% per year due to the increasing number of medical treatments on the market.
Read MoreNEW YORK, April 12, 2021 — Vericred, the innovative data services platform powering digital quote-to-card experiences in health insurance and benefits, today announced the completion of a Series B round of funding totaling $23 million and the addition of two new members to its board of directors. Aquiline Technology Growth led the oversubscribed funding round, which included participation from new investors Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, and existing investors Riverside Acceleration Capital, FCA Venture Partners and First Health Capital Partners.
Read MoreLOUISVILLE, KY – April 7, 2021 – eBlu Solutions announced today that it has raised an $11.4M Series A round led by OCA Ventures (Chicago), with co-investors Mutual Capital Partners (Cleveland) and FCA Venture Partners’ Health Innovations II (Winston-Salem/Nashville).
Under the leadership of CEO Mark Murphy, eBlu Solutions is a digital health prior authorization software company – whose digital platform streamlines the prior authorization of expensive infusion-based specialty medications.
Read MoreKelseyCare Advantage announces a new Medicare Advantage transportation benefit through a strategic partnership with SafeRide Health, a non-emergency medical transportation technology and services leader dedicated to driving healthier lives. Through this new collaboration, KelseyCare Advantage is leading the way in Texas offering an innovative, technology-first benefit for Medicare Advantage enrollees looking for plans that make quality healthcare easier to obtain.
Read MoreFeedtrail, a leading patient engagement platform, has expanded its partnership with Novant Health to prioritize patient satisfaction and education, as vaccine distribution processes continue to evolve across the nation.
Read MoreNASHVILLE, TN – February 3 2021 – Integrative Health Centers, Inc. (IHC), a leading provider of specialized health care services, announced today it has raised a $2.95 million Series Seed round, led by FCA Venture Partners’ Health Innovations fund, with participation from Martin Ventures and founder Ryan Chapman. The funds will be used to help fuel the company’s growth and expand its offerings to clinics and communities across the US.
Read MoreWearable technology in healthcare has seen significant growth in demand, generating a booming market, and now insurers and other healthcare companies are discovering how supplying the new technology to their consumers and employees is beneficial. In 2019, the global wearable medical device market size was valued at approximately $13 billion and is expected to see a 27.9% CAGR through 2027
Read MoreSpiras Health will expand its executive leadership team with the addition of healthcare veteran Scott A. Bowers as Chief Executive Officer. Bowers will partner with company founder Brook Bishop who will continue as president to support growth and scale Spiras Health’s proven clinical model to help high-risk patients manage their illness.
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