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One VC Firm's 5 Healthcare Predictions for 2024

Executives at LRVHealth expect to see a continued focus on generative AI, increased enrollment in Medicare Advantage and more in 2024.

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Record Scottish tech funding for remote home healthcare system


PREMIUM
The Current Health monitor remotely collects data on a variety of vital signs to predict the onset and progression of disease
By Kristy Dorsey
Edinburgh start-up Current Health has raised $43 million (£31m) in what is believed to be largest Series B funding round in Scottish tech history.
The cash will allow the company, whose platform delivers healthcare in the home, to more than double headcount with the creation of 100 new jobs by the end of this year. About half of these will be data science and software engineering posts based in Edinburgh, where it currently employs 50 of its 90 staff.

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Current Health Closes $43M Series B Financing


Current Health, a Boston, MA-based enterprise remote care management platform, raised $43M in Series B financing.
The round was led by Northpond Ventures, with participation from LRVHealth, OSF HealthCare, Section 32, Elements Health Ventures, and existing investors. Andrea Jackson, Director at Northpond Ventures, and Tripp Peake, General Partner at LRVHealth, will join Current Health’s Board of Directors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Chris McCann, CEO and Co-Founder, Current Health is an enterprise remote care management platform, focused on enabling early, preventive healthcare. The company provides a single point of insight into patient health at home, ingesting data from hundreds of remote monitoring devices – along with patient-reported data and electronic medical record data – to identify and predict the onset and progression of disease. The company’s physician-led virtual command center provides 24/7 care management capability and integrates with a range of in-home healthcare services to provide a single, integrated solution across the care continuum.

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Scottish medtech Current Health raises £31m to create 100 jobs

Scottish medtech Current Health raises £31m to create 100 jobs
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Current Health closes $43M Series B for company growth, Medchart raises $17M for product innovation and more digital health fundings


Photo by IronHeart/Getty Images
Remote care management platform Current Health has closed a $43 million Series B financing round. Northpond Ventures led the round, along with LRVHealth, OSF HealthCare, Section 32, Elements Health Ventures and existing investors.
In addition to the financing, Current Health is adding Andrea Jackson, Director at Northpond Ventures, and Tripp Peake, General Partner at LRVHealth, to its board of directors.
Current Health’s remote patient monitoring devices, paired with its platform, collect and monitor users' vital signs to enable preventative care. The new capital will go towards company growth, according to Chris McCann, the CEO and cofounder of Current Health.

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Data focused digital health company Diameter scores $18M in funding


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This morning health data company Diameter Health scored $18 million in Series B funding. Centene Corporation led the round with participation from Optum Ventures, LRVHealth, Connecticut Innovations and Activate Venture Partners.
This new funding round brings the company's investment total to $30 million.
WHAT IT DOES
Founded in 2013, the company focuses on synthesizing clinical data sets. It uses an API system to enable real-time data exchanges.
"So you think about all of that clinical data that is spread across different electronic health records – Epic, Cerner, Allscripts, Meditech, Athena. ... We can retrieve that information and make it organized, accessible and actionable for health information exchanges, for health plans and for the health IT providers nationally. That is the core competency of Diameter Health. I like to talk about semantic interoperability, which is that 'interoperability 2.0' of making data truly usable – that's really where we play in the ecosystem," John D'Amore, president and cofounder of Diameter Health, told HIMSSTV earlier this year.

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