Radiology software vendor Rad AI raises $25 million in a Series A funding round led by Artis Ventures. The San Francisco-based startup’s AI-enabled technology helps radiologists automate repetitive tasks to save time and reduce burnout.
Co-founder Jeff Chang, MD claims to be the youngest radiologist and second youngest physician in US history, having started medical school at the age of 16 and graduated at 20.
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Acquisitions, Funding, Business, and Stock
Videra Health raises $3 million in seed funding. The company has developed remote patient monitoring tools for mental healthcare patients and providers to use after discharge and/or between appointments. Provider-facing software also provides clinical decision support for timely interventions.
CloudMD, a Canadian clinic operator and health IT developer, will acquire digital mental health care company MindBeacon for $4.78 million plus share consideration. CloudMD will house MindBeacon’s white label, cognitive behavioral therapy software within its Digital Health Services Division.
Venkat Chittoor (Vimly) joins Marathon Health as chief product and technology officer.
Research and Innovation
A GoodRx survey of 1,000 patients finds that 40% had more interactions with their providers during the pandemic than before because of telemedicine. That same amount reported spending the same amount of time with their providers during video visits as they had during in-person visits. Moving forward, more than 60% say they’ll use a combination of virtual and in-person care. Of the 600 physicians surveyed, 60% say telemedicine has improved medication adherence. Nearly half found no-show rates for video visits to be equal to or greater than traditional office visits.
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