Digital musculoskeletal clinic Hinge Health raises $600 million in a Series E funding round, bringing its valuation to $6.2 billion. The company boasts 575 enterprise customers including employers and payers, and a network of 750,000 providers that leverage patient health data derived from its virtual programs for real-time clinical interventions.
Alongside its funding news, the company has named Lalith Vadlamannati (Amazon) CTO
November 11 (Thursday) 1 ET. “Increasing OR Profitability: It May Be Easier than you Think.” Sponsor: Copient Health. Presenters: Michael Burke, co-founder and CEO, Copient Health; David Berger, MD, MHCM, CEO, University Hospital of Brooklyn at State University of New York Downstate Health Sciences University. The OR is a hospital’s biggest source of revenue and its costliest resource, yet it often sits idle because of unfilled block time even as providers with cases ready to book lack access. AI-powered emerging technologies can help fill unused OR time and provide decision support to structure workflows and optimize block allocation. This webinar explores the biggest challenges to profitability faced in the OR and the fastest, most impactful changes a hospital can make to address them.
Acquisitions, Funding, Business, and Stock
Primary care and telemedicine company Skylight Health Group will sell its medical cannabis-related Canna Care Docs and Relaxed Clarity businesses to New Frontier Data for $8.6 million. Skylight will use the proceeds to purchase more practices and shift its focus entirely to value-based care business models.
Pennsylvania-based startup Vitable Health raises $7.2 million in a seed funding round. The company targets its membership-based in-home and virtual care services to hourly workers. CEO Joseph Kitonga left Penn State last year to launch Vitable Health, taking advantage of Y Combinator and his Thiel Foundation Fellowship to develop the business model.
Ryan Jacobs (Optum) joins Cricket Health as chief commercial officer.
HIPAAtrek promotes Amy Coulter to CEO. Coulter co-founded Ability Network in 2000, and sold it to Inovalon in 2018 for $1.2 billion.
Greenway Health Chief Compliance Officer Susan Kohler takes on the additional role of SVP of revenue services.
Announcements and Implementations
Virginia Hospital Center will enable Arlington Free Clinic (VA) to access its Epic system.
United Rheumatology selects patient engagement software from PatientPoint,including wait-time messaging and interactive exam room educational content.
Sea Mar Community Health Centers (WA) notifies patients of a data breach that occurred between December 2020 and March 2021 when an unauthorized actor copied data from its “digital environment.” DataBreaches.net reports that the hacker listed some of the data for sale on the dark web. Sea Mar did not include that information in their notice to patients.
The local news profiles the Rural Telementoring Training Center, which offers free virtual care training and resources to providers in rural and/or underserved areas looking to adopt or tweak telemedicine services. Based out of UT Health San Antonio, the center officially launched its RISE (Resources, Information, Support, and Education) for Rural Telementoring program last week.
More news: HIStalk.