Virtual and in-office healthcare provider Juno Medical raised $12 million in Series A funding round co-led by tennis star Serena Williams, managing partner at Serena Ventures, and Julian Eison, managing partner at NEXT VENTURES.
Vast Ventures, which led Juno's seed round, also participated in the Series A funding alongside Empire State Development's New York Ventures, Genius Guild, TXV Partners,...
Providing healthcare for rural Americans is ripe for innovation. Compared with their urban counterparts, rural Americans have worse health outcomes: According to the CDC, they're more likely to die from heart disease, cancer, unintentional injury, COPD and stroke.
Meanwhile, they face longer travel times and less access to providers. More than 180 rural hospitals in the U.S. have closed since...
Oak Street Health, a chain of primary care clinics geared toward the Medicare population, has acquired virtual specialty care provider RubiconMD for up to $190 million.
The deal includes a base $130 million in cash with up to $60 million added subject to performance, paid either in cash or a cash and stock combination, according to an investor presentation.
RubiconMD provides a network of...
New York City-based RubiconMD, maker of a digital-expert consultation platform, has snagged $18 million in Series C funding. Deerfield Management Company led the new investments, which included the support of prior backers Optum Ventures, HLM Venture Partners, Waterline Ventures and Heritage Provider Network.
With this, RubiconMD said that its total fundraise now exceeds $40 million.
WHAT THEY DO...
New York City-based digital consult platform RubiconMD has closed a $13.8 million Series B funding round led by HLM Venture Partners and Optum Ventures, representatives from the company told MobiHealthNews. Other participants in the round included Centene Corporation, Blue Ivy Ventures, and other return investors.
“Specialists are oftentimes centralized, overbooked, costly, or out of network,”...
Since October 2016, when it started using a new telehealth technology, ConcertoHealth has seen 73 percent of its new e-consults replace the need for patients to see specialists face-to-face.
Further, there has been a 30.3 percent reduction in the health system's rate of hospital admissions and a 17 percent drop in readmissions.
ConcertoHealth uses a platform from AristaMD that delivers access to...
Telemedicine company Teladoc has added Brian McAndrews, former CEO of Pandora (the media company, not the jeweler), to its board of directors. Notably, McAndrews has extensive experience with machine learning algorithms, which Teladoc is considering ways to deploy.
“Brian’s depth of experience as an executive leader and board member of prominent technology and digital media companies complements...
Jawbone's Chief Financial Officer has left the company, The Verge reported this week. CFO Jason Child, who joined Jawbone in 2015 from Groupon, has left the struggling company to join the Global Advisory Board of the University of Washington's Foster School of Business. Jawbone also lost it's top product exec, Travis Bogard, this past summer.
New York City-based physician-specialist consult...
New York City-based RubiconMD, which makes a digital consultation platform for physicians and specialists, has announced a $750,000 investment from the California Health Care Foundation Innovation Fund, which supports emerging technologies in healthcare. The company most recently closed a Series A round of financing in which they received around $4 million, and the new investment brings their...
New York City-based physician-specialist consult company RubiconMD has raised $4 million in a round led by Waterline Ventures. Dioko Health Ventures, a North Carolina based fund managed by Nashville-based FCA Venture Partners, and Alma Mundi Fund also contributed to the round. Existing investors from the company's seed round include athenahealth and former Blue Cross and Blue Shield of Florida...
