The health technology company's valuation skyrocketed to $1.3 billion following its latest funding round. It plans to use the new funds to launch Innovaccer Health Cloud, which will aggregate and normalize data from different systems and support the development of interoperable apps.
MedCity News
Biotech Vividion lands $135M in crossover cash, paving a path to the public markets
Vividion Therapeutics has technology that enables it to develop drugs for “undruggable” disease targets. The Series C financing is a crossover round, an indication a biotech is preparing for an IPO.
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Vividion Therapeutics has technology that finds ways to hit promising disease targets that were previously deemed “undruggable.” Now it has $135 million that might allow it to find something else: a public stock listing.
The Series C round of financing announced Wednesday included so-called crossover investors, firms that invest in both public and private companies. Securing crossover investment is one of the steps companies take as they prepare for an IPO.
MedCity News
How Banner Health streamlined digital experience for patients across 29 hospitals
Alexandra Morehouse, chief marketing officer at Banner Health, spoke to MedCity News about how the 29-hospital system made changes to patients digital experience amid the Covid-19 pandemic and the types of technology that helped drive the changes.
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Patient demand for a digitized healthcare experience exploded during the Covid-19 pandemic.
Not only did telehealth visits spike dramatically amid rising coronavirus cases, but healthcare consumers also showed a preference for providers offering online scheduling. Further, about 65% of people plan to continue to use telehealth after the pandemic ends, according to a survey conducted early this year by The Harris Poll.
After Google struck a controversial partnership with Ascension to build a searchable health record, the companies are now launching an expanded clinical pilot of the tool. Now, about 250 clinicians will be able to use it.
MedCity News
How are health systems and payers addressing gaps in care for minorities? Learn how at MedCity INVEST
MedCity News has assembled compelling speakers to address the Covid-prompted rapid transformation of healthcare at this year s virtual INVEST conference, April 19-23.
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MedCity News has assembled compelling speakers to address the Covid-prompted rapid transformation of healthcare at this year’s virtual INVEST conference, April 19-23.
INVEST is a premier international healthcare investing event hosted in partnership with MHIN, a Midwest healthcare investor organization. The conference brings together active investors and promising startups in biopharma, diagnostics, medical devices, health IT, and health services.