Medicare Advantage and Medicaid plans making the switch from traditional to technology-first NEMT programs are realizing positive outcomes across the board. A missed medical appointment costs a provider $200 on average, and no-show rates are as high as 30% nationwide. When members have access to reliable, technology-first NEMT solutions, they are three times more likely to show up to appointments. Empowering members to book their own rides and choose the most appropriate transport type for their unique needs and comfort level helps drives member satisfaction and, ultimately, star ratings.
Read MoreCarallel, a leading provider of human-centered guidance and digital tools for family caregivers, has raised an $8.2 million Series A funding round. FCA Venture Partners led the round, with participation from prominent regional payers including 450 Ventures, as well as Create Health Ventures, Gratitude Railroad, Loud Capital, and Wanxiang Healthcare Investments.
Read MoreInformation technology has taken the expanding healthcare industry by storm. As IT has become fully integrated into the modern world, healthcare providers have become increasingly reliant on exciting IT innovations that are transforming healthcare processes. Countless healthcare IT startups have attempted to develop strong market positions selling services to providers, but only few have reached $100 million or more in annual recurring revenue (ARR).
Read MoreThe Alimentiv, Satisfai Health, and Virgo partnership enables advanced AI-fueled HD video capture, decision support, and clinical research tools for Alimentiv’s global clinical trial investigator site network.
Read MoreSupplemental benefits are a niche market of healthcare that has seen significant growth in recent years. CMS’s 2019 decision to allow supplemental benefits to be medical related as well as non-medical has opened the market opportunity more than ever before. The recent skyrocket in benefits usage fueled by a highly expanded amount of plan offerings makes them one of the top healthcare markets for disruption.
Read MorePayGround, a healthcare fintech payments platform, today announced the completion of a $5.5M funding round led by FCA Venture Partners and Lewis & Clark Ventures with participation from existing investors, Triventures and notable angel investors. This financing will help the company expand into new markets, invest in new marketing campaigns and enhance the platform’s features.
Read MoreOlympus today announced that the company's venture capital fund, Olympus Innovation Ventures, completed its first investment, participating in the Series A financing of Virgo Surgical Video Solutions ("Virgo") of Carlsbad, California. The Olympus corporate venture capital fund makes investments in emerging digital, device, and diagnostic companies in minimally invasive detection and treatment of disease in gastroenterology, urology, respiratory care and other clinical areas.
Read MorePhiladelphia-based PrecisionGx announced the closing of its Series A financing round, led by FCA Venture Partners and participation from Commerce Ventures.
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