Capital Finance
The New York Genome Center, a nonprofit focusing on biomedical research and clinical care, could be $100 million richer thanks to a challenge grant from the Simons Foundation and The Carson Family Charitable Trust.
Well-known healthcare investment firm OrbiMed has closed a major new venture capital fund, OrbiMed Private Investments VI, with $950 million in limited partner commitments, the company announced in a statement.
The hospital-acquired infections prevention market in the United States is expected to grow 7 percent annually until 2020, according to a new report by by research-based management consulting firm Pharmaion, driven by increases in infections and chronic diseases among the aging population.
Perched on an exam table at the doctor's office watching the clinician type details about their medical problems into their file, what patient hasn't wondered exactly what the doctor is writing? As many as 50 million patients may have a chance to find out in the next few years, following the announcement this week of $10 million in new grants to expand the OpenNotes project, which works with medical providers to expand patient access to clinician notes.
When it comes to digital health funding, 2015 matched the record-breaking numbers of 2014 with more than $4.3 billion flowing into the industry, according to a Year in Review Report from Rock Health, a venture fund dedicated to backing digital health initiatives.
Kaiser Permanente Ventures is betting big on telemedicine, investing $10 million in Vidyo, a visual communications company that integrates high definition video communications into electronic health record systems and workflow, Vidyo announced Monday.
St. Louis-based Ascension Health has tapped Accretive Health as its sole revenue cycle system provider, the nonprofit Catholic health system announced this week, under a new 10-year contract extension that includes the total revamp of its revenue cycle system.
Beverly Hospital in Los Angeles has secured a $39.7 million bond from the California Statewide Communities Development Authority, a first bond issuance in the hospital's 66-year history.
Moody's Investor Services will start factoring a healthcare providers' cybersecurity strength into their credit ratings, the agency said this week, as hackers continue to infiltrate the sector.
In the last five years, 57 rural hospitals in the United States have closed, according to data from the Rural Health Research Program at the University of North Carolina. Others have declared bankruptcy, like the Mendocino Coast District Hospital.