Venture capital (VC) firms are reportedly gearing up for further investments in healthcare. The pace of VCs’ fundraising for investments in the healthcare sector this year exceeds that of 2022, a year in which the second-highest total was raised, The Wall Street Journal (WSJ) reported...
German digital health startup Patient21 is targeting new markets after raising $108 million. The company announced its Series C funding round on Monday (May 22), saying it would use the financing to enter new markets in Europe and develop its software platform. Founded in 2019,...
Mastercard and HealthLock say they’ve teamed to help consumers avoid medical bill fraud and claim errors. The partnership, announced Monday (May 22), gives Mastercard health savings account and flexible spending account users access to Healthlock’s platform, which lets them monitor all healthcare claims in one place, prevent fraud, potentially reduce...
MedShift has launched a Software-as-a-Service (SaaS) solution for medical aesthetic businesses. The new Velocity Technology Suite includes sales acceleration and business automation features designed for dermatology, plastic surgery and other aesthetic businesses, the medical technology company said in a Friday (May 19) press release. “Our solution represents a significant...
Consumers are clamoring for a unified system to manage their health but nothing yet fits the bill. Nearly every digital problem seems to have a variety of solutions in the ConnectedEconomy™. The fragmented healthcare system has not yet been solved, however, and a solution that...
Despite decades of innovation and legislation, navigating the health plan maze and then figuring out how to pay for the care we need has gotten more labyrinthine and more expensive, not less. Digital platform solutions are available to help workers manage care and costs and...
Private equity-backed Envision Healthcare has filed for bankruptcy, citing COVID, inflation and clashes with insurers. The Tennessee-based company, backed by investment giant KKR, announced in a Monday (May 15) press release that it had agreed to a restructuring plan for debt obligations of roughly $7.7...
The healthcare industry is experiencing a rapid shift to digital channels, and older generations are embracing this change. PYMNTS’ data shows that 64% of baby boomers and seniors have already adopted digital channels for some healthcare activities. We also find that they are highly satisfied...
In the post-pandemic era, financial health is closely intertwined with physical health. The pressures of paying for healthcare, as deductibles and out-of-pocket expenses increase, are illustrated by findings this month from the Consumer Financial Protection Bureau, which revealed that consumers spent $1 billion in deferred interest...