Finance

Four people in nursing uniforms, one wearing stethoscope
By  Trevor Dermody 02:26 pm April 22, 2024
Staffing and workforce management company ShiftMed has acquired workforce solutions managed-service provider CareerStaff Unlimited in a deal with post-acute-care provider Genesis HealthCare.  As part of the seven-year agreement, ShiftMed will provide services to 200 skilled nursing and 1,200 Powerback Rehabilitation centers for Genesis.  CareerStaff’s per diem and MSP platform enables healthcare...
Coreline Soft's flagship product, AVIEW LCS
By  Adam Ang 02:59 am April 5, 2024
South Korean medical AI company Lunit has recently secured deals with hospitals in Europe, where the medical device market – the second largest after the North American market – is worth $155 billion. It won the contract to supply a lung disease screening solution to TeleDiag, the largest teleradiology group in France.  Lunit was also chosen to provide a mammography analysis solution to the...
Group of people, two in lab coats, sit around table
By  Trevor Dermody 10:28 am April 3, 2024
Chicago-based GE HealthCare announced it closed its acquisition of AI and imaging solutions company MIM Software, expanding its digital imaging offerings.  Cleveland-based MIM Software provides remote software solutions for oncology, nuclear medicine, cardiac imaging and neuroimaging.  The company touts its products as reducing time spent on manual tasks, allowing clinicians to focus on providing...
Healthcare provider leaning on a desk and looking at a computer
By  Jessica Hagen 12:33 pm March 29, 2024
DarioHealth, a digital chronic-condition-management platform, reported $3.6 million in revenue for Q4 2023, compared to $6.8 million for the fourth quarter of 2022, a 47% decrease. Year-over-year revenue in 2023 was $20.4 million, compared to $27.7 million for 2022. The New York-based company said the overall decrease in revenue stemmed from lower consumer and strategic-partner channels.  The...
Juan Santos, SVP of brand experience and innovation at the Tavistock Group and innovator in Orlando's planned community Lake Nona
By  Jessica Hagen 12:06 pm March 13, 2024
ORLANDO – Juan Santos, SVP of brand experience and innovation at the Tavistock Group and innovator in Orlando's planned community Lake Nona, kicked off the Venture Connect Program at HIMSS24. "If you read about Lake Nona, it has been called Medical City by the media," Santos said. "The reason for this is that at the core of Lake Nona, at the base of who we are, we have a very solid healthcare...
Healthcare provider looking at a tablet
By  Jessica Hagen 02:32 pm March 11, 2024
ORLANDO – According to experts, financial return on investment is not the only aspect that should be considered when examining the implementation of virtual care technologies. "Sometimes there is no pathway to return on investment, the pathway is blurry or assumptions are made," Chad Ellimoottil, professor and medical director of virtual care at the University of Michigan told an audience at...
A doctor reading a patient's chart while discussing it with another doctor on the phone
By  Adam Ang 01:08 am March 8, 2024
Magentus taps Google Cloud for genAI Magentus has engaged Google Cloud to help it build a "centralised and secure" foundation for customer data in the cloud, leveraging generative AI solutions and large language models. The health IT provider intends to assist clinicians in easily accessing information and simplifying the way they extract insights from complex, unstructured medical data, which...
Provider gives options to patient while looking at a tablet or notepad
By  Trevor Dermody 04:15 pm March 6, 2024
BrainCheck, a digital health company specializing in cognitive assessments, announced it secured $15 million in funding.  The investment was led by seed-stage investor Next Coast Ventures, venture capital firm S3 Ventures and UPMC Enterprises. Additionally, the company announced an expansion of its board of directors, with Nicholas Shapiro, vice president of UPMC Enterprises, joining the...
Healthcare provider sitting at a desk, wearing a lab coat and stethoscope, while looking at a computer
By  Jessica Hagen 02:21 pm March 4, 2024
Direct-to-consumer virtual care company Hims & Hers Health reported a total of $246.6 million in revenue for Q4 compared to $167.2 million for the fourth quarter of 2022 and total year-over-year revenue in 2023 of $872.0 million compared to $526.9 million for 2022.  The San Francisco-based company reported a net income for the fourth quarter of $1.2 million compared to a net loss of $10.9...
Two individuals sitting in front of two computer monitors with their backs turned toward the camera
By  Jessica Hagen 02:13 pm February 23, 2024
The integration of blockchain technology in healthcare represents a significant leap forward in terms of enhancing data security, safeguarding patient privacy and improving supply chain management. This transformative technology is redefining the landscape of healthcare data management. Revolutionizing healthcare data security Blockchain technology, with its decentralized and tamper-evident...