Caption Health, a leading medical artificial intelligence (AI) company, concluded its Series B funding round with $53 million to expand and commercialize its FDA-cleared, AI-guided ultrasound technology that improves patient access to high-quality and essential care. The strategy is to use this investment to scale commercial operations, continue to develop its AI technology platform, and form new partnerships. New clinical capabilities are planned with increased clinical adoption of the Caption AI platform.
Old-school is uncool. Net Health's new digital strategy to managing patient caseload allows rehab therapists to leave old-school methods behind. Net Health, a leading provider of EHR software for specialized care settings, has announced that it has launched a new fully integrated digital solution for rehab therapists in acute care settings. Net Health Therapy for Acute Care enables physical and occupational therapists and speech language pathologists in acute care settings to better clinical and business outcomes by increasing efficiency and standardizing patient care.
IngenioRx, Inc., a wholly owned subsidiary of Anthem, Inc., announced its acquisition of ZipDrug an innovative pharmacy management company focused on improving the quality of pharmacy care. Now part of IngenioRx, ZipDrug seamlessly connects patients to the highest quality and lowest cost local pharmacies that deliver directly to patients at home.
Walgreens Boots Alliance (WBA), announced an expansion of its strategic partnership with Microsoft and Adobe to launch a world-class digital experience and customer insights platform to deliver personalized healthcare and purchasing offerings. It will provide Walgreens and Boots customers with products and services from its global pharmacy and retail businesses wherever, whenever and however they may want them. Installing this platform will push WBA into the second phase of its digital transformation, one of its key strategic priorities. The strategic partnership with Microsoft and Adobe allows WBA to provide insights to deliver more engaging and personalized experiences while upholding and protecting the privacy choices of patients and customers.
Valera Health has officially expanded its telemental health services to members of the Capital District Physicians Health Plan (CDPHP). Members can now receive care in the comfort and safety of their own homes. First announced in 2019, CDPHP will employ Valera's digital tools and advanced data analytics to amplify the impact of clinical services and maximize patient engagement and outcomes. According to the Centers for Disease Control and Prevention (CDC), the pandemic and social isolation can increase stress and anxiety, and these feelings are also known to increase the risk of suicide. The CDC recommends focusing on emotional well-being and seeking treatment via in-person or telehealth services.
Oscar, the first direct-to-consumer health insurance company, announces today that it has closed a $225 million funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission of making health care simple. This was a big week for Oscar. Earlier in the week, Cigna and Oscar released more details on their Cigna+Oscar partnership to provide affordable, customized health plans to small businesses.
The patient check-in process needs to be streamlined. DrChrono Inc., a platform operator for medical practices, has announced a new partnership with Ricoh to automatically scan patient IDs and medical documentation right into the electronic health record (EHR), as well as Explanation of Benefits (EOB) into the practice management system (PMS).