Dave Muoio

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By Dave Muoio 11:47 amMarch 9, 2020
This morning the US Department of Health and Human Services dropped its long-awaited final rules on interoperability, information blocking and patient access. While the two final documents from the HHS Office of the National Coordinator for Health Information Technology (ONC) and the Centers for Medicare & Medicaid Services (CMS) specify a number of new requirements laid out in the 21st...
By Dave Muoio 11:28 amMarch 6, 2020
Pager, an app-based virtual care and services navigation app, announced this morning $33 million in both equity and debt funding. According to the company, equity comprised roughly two-thirds of this total. Health Catalyst Capital headed the growth equity investment, which also saw participation from new backer Horizon BlueCross BlueShield of New Jersey as well as returning institutional...
By Dave Muoio 03:26 pmMarch 5, 2020
SymphonyAI Group, a collection of private B2B artificial intelligence companies spanning multiple sectors, announced yesterday that it has acquired TeraRecon, the maker of products for medical-image post-processing and other related products. As the group’s seventh portfolio company, TeraRecon will continue building out its radiology, cardiology and vascular-surgery AI-imaging support. However,...
By Dave Muoio 04:01 pmMarch 4, 2020
Alignment Healthcare, a Medicare Advantage (MA) insurer that relies on a tech platform to manage its members' shifting data in real time, has announced $135 million in new funding. The Series C round was backed by Fidelity Management & Research Company, Durable Capital Partners L.P. and multiple funds and accounts advised by T. Rowe Price Associates. WHAT THEY DO Active within California (and...
By Dave Muoio 11:56 amMarch 4, 2020
The FDA is warning of new cybersecurity vulnerabilities affecting Bluetooth Low Energy communications technology used in certain medical devices. According to the agency, the issue could allow unauthorized users to wirelessly crash a device, prevent it from working or access functions limited to its users. The FDA says the vulnerabilities – referred to as "SweynTooth" by the researchers who...
By Dave Muoio 02:26 pmMarch 3, 2020
It was another strong quarter for the ever-growing Livongo Health, which yesterday reported to investors a 137% rise in year-over-year Q4 revenue from $21.2 million to $50.2 million. Full-year revenues followed a similar path, growing 149% from $68.4 million in 2018 to $169.9 million in 2019. “Livongo finished the year with excellent momentum, exceeding all of our guidance metrics, achieving...
By Dave Muoio 03:19 pmMarch 2, 2020
Health-benefits navigation platform Accolade announced on Friday the filing of its S-1 with the US Securities and Exchange Commission, making it the next digital-health company in line to join the public markets. Accolade has set a $100 million maximum aggregate offering price to calculate its registration fee, but has not yet locked down the price and volume of its share offering. The Seattle-...
By Dave Muoio 12:04 pmMarch 2, 2020
axialHealthcare, maker of a platform for managing substance use disorder (SUD) patients, has closed $15 million in Series C funding. The raise was headlined by the Nashville company's existing investors, a list that includes Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture Partners and Sandbox Advantage Fund. WHAT THEY DO Founded in 2012, axialHealthcare's earlier iteration focused on...
By Dave Muoio 03:00 pmFebruary 28, 2020
The year 2019 was good to Teladoc Health. Although still operating at a loss, the virtual care provider enters the new year hot with reports that revenue and visits — domestic and international, paid membership and visit fee — all outpaced the company’s projections. Teladoc said during a Wednesday afternoon earnings call that it is expecting that growth to continue. Part of this is due to the...
By Dave Muoio 03:26 pmFebruary 27, 2020
And the band played on. Peloton has come to terms with members of the National Music Publishers’ Association (NMPA), which had brought a lawsuit against the exercise machine maker over alleged copyright infringement. The association said at the time that Peloton had been illegally featuring music from Rihanna, Bruno Mars, Lady Gaga and others. The parties also said they have now entered a joint...