Weekly Recap 5/24/13

VentureHealth Launches Equity Backed Crowd Funding Site

Crowd funding site VentureHealth launches the first equity-backed funding platform designed to seed fund early-stage healthcare startups. It will provide entrepreneurs direct access to angel investors and gives those investors an opportunity secure an equity stake through a crowd funding investment platform.

5-22-2013 9-31-29 PM

Scanadu, which is developing the highly anticipated medical tricorder Scout, launches an Indiegogo campaign that brought in $250,000 in the first day. The campaign offers consumers a first-edition Scout for $199 each, with estimated delivery in March 2014.

ConsultingMD Closes $10 Million Series A Funding Round

San Francisco-based ConsultingMD closes a $10 million Series A round led by veteran health IT venture capital firm Venrock. The funding comes on top of a $1 million seed round raised in 2012. ConsultingMD is building on the work of HealthTap and ZocDoc in trying to create an online clinic that allows patients to search for doctors and solicit second opinions. The site claims to have an active physician population made up of the top 0.1 percent of experts in each field.

5-18-2013 7-57-27 PM

San Francisco based-Ringadoc raises $700k in additional seed funding led by Siemer Ventures, Telegraph Hill Group, and HealthKeep founder Lyle Dennis, MD, bringing its funding total to $1.9 million. Ringadoc launched in 2010 with the goal of delivering $40 telephone-based virtual consultations 24 hours a day. The company adjusted its strategy in January by offering an after-hours messaging service to physicians in an effort to build its physician population.

5-22-2013 10-15-10 PM

Former Epocrates chief technology officer Bob Quinn raises $2 million in seed capital for his new mobile health startup, Gamgee. The funding will be used to hire experts in mobile app design, product management, machine learning, and natural language processing. The company has no website, but Quinn’s Linkedin profile offers a few details:

Funded by Khosla Ventures, I am building an exciting new mobile healthcare company. Near-term, our goal is to get a very helpful mobile healthcare app used by millions of people who are chronically ill or headed that way. We are confident that we know how to do this. Long-term, we will change the way people get their healthcare questions answered.

5-21-2013 3-47-11 PM 5-21-2013 3-45-12 PM

Imprivata, expecting to go public within two years according to its CEO, names John Halamka, MD (Beth Israel Deaconess Medical Center) and former Phase Forward CFO Rodger Weismann to its board.

5-23-2013 10-09-56 PM

Free Web-based EHR vendor Practice Fusion launches a new service that, like ZocDoc, allows patients to compare doctors in their area and book appointments. Patients can review their spending history for individual visits or across the entire history of their medical care.

Lumosity Shown To Help Combat Chemo-Fog

A recent study published in the Clinical Breast Cancer followed a group of cancer survivors over a 12-week period while they trained with the cognitive training program Lumosity.  The results suggest that the use of computer-guided brain training software may help reverse the cognitive impairment known as “chemo-fog” that is sometimes caused by repeated chemotherapy.

Ginger.io Seeing Early Success At Forsyth Medical Center

MIT’s Technology Review profiles mHealth startup Ginger.io and the work the company is doing with Forsyth Medical Center in Winston-Salem, NC to detect depression in the post-acute care environment, which is often related to medication adherence. A population health tracker at the medical center highlights patients for whom the company’s app detects a reduced level of social media use or texting or an increased number of lengthy telephone calls. 

5-18-2013 8-23-06 PM

The FDA publishes an order setting the classification for up-and-coming “smart pill” technology that transmits medication compliance data after it is taken. The ruling places “ingestible event marker” technology as a Class I medical device, which is less restrictive than the Class III typically assigned to new-to-market technologies.

Travis gives a first-hand account of his recent experiences with health Q&A site HealthTap. New HIStalk contributor Kyle Samani is looking for input on which mobile health startup readers would most like to see interviewed. Vote for your preference on the poll on the right.

Keep up with the fast-paced mobile health market by signing up for HIStalk Connect updates. As always, thank you for reading. – Lt. Dan

Sponsor Updates

  • Imprivata announces a single sign-on migration path for current Citrix customers interested in moving to the Imprivata platform.


Lt. Dan, Dr. Travis, Mr. H, Inga, Dr. Jayne.

More news: HIStalk, HIStalk Practice.

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