Physician practice-focused health IT vendor Elation Health raises $40 million in a Series C funding round led by Generation Investment Management, bringing its total raised to $55 million.
Founded in 2014 by siblings Kyna and Conan Fong, the company caters to a network of 14,000 independent clinicians. In addition to virtual visit capabilities added earlier this year, Elation will soon offer billing and payment collection, population management, interoperability, and quality reporting solutions.
December 15 (Tuesday) 1 ET. “Highlights from the 2021 CPT Code Set Update.” Sponsor: Intelligent Medical Objects. Presenters: June Bronnert, MSHI, RHIA, senior director of global clinical services, IMO; Shelly Jude, RHIA, RHIT, mapping manager, IMO. Top coding professionals will highlight the most important changes to the Current Procedural Terminology code set that take effect on January 1, including crucial additions, deletions, and revisions; how to communicate Official Coding Guidelines changes to the healthcare team; and a description of the impact that the code set update could have on practice.
Acquisitions, Funding, Business, and Stock
Automated patient engagement software startup Pair Team raises $2.7 million in seed funding. Founders Neil Batlivala and Cassie Choi, RN came up with the technology, which helps providers, payers, and patients avoid gaps in care, while building out operational software at direct primary care company Forward.
Community care provider Cityblock Health wraps up a $160 million financing round that brings its valuation to over $1 billion. The company, which serves Medicaid and low-income patients in Connecticut, New York, Massachusetts, and Washington, DC, offers primary and behavioral healthcare, and access to social services through its proprietary Commons software.
Blueprint will use $3.4 million in seed funding to further develop its assessment, analytics, and reimbursement software for mental healthcare providers.
Menopause care-focused telemedicine company The Cusp shuts down, telling the local business paper that it had failed to find investors to keep operations going. It launched in 2018, employed 21, and had raised $4.2 million. Founder and now former CEO Taylor Sittler, MD also co-founded Color Genomics, a partner in NIH’s All of Us research program.
Primary care clinic operator and health IT developer MCI OneHealth prepares for a $23.5 million Canadian IPO.
Jordana Bernard (InTouch Health) joins InnovaTel Telepsychiatry as chief compliance officer.
In Texas, the San Antonio Fire Department routes some healthcare-related calls directly to a telemedicine service using GoodSam software, freeing up rescue units for more dire emergencies. The department says the new service has already reduced daily fire/EMS dispatches by nine in its first seven weeks.
- Nordic releases a new video featuring Scripps Health, “How to implement a successful Community Connect program.”
More news: HIStalk.