Innovation

Cobalt Ventures, the venture capital arm of Blue Cross and Blue Shield of Kansas City, invested $8 million into the mobile care platform MedArrive.

Scene Health, a digital medication adherence company, raised $17.7 million in a financing round that saw participation from Healthworx, the investment arm of CareFirst BlueCross BlueShield.

Jamie Clarkson, MD, a hand surgeon specialist at East Lansing-based Michigan State University Healthcare, is using virtual reality as part of his procedures, NPR affiliate WKAR reported April 12.

Rochester, Minn.-based Mayo Clinic is partnering with biotech company Naveris to launch a clinical trial of the company's precision medicine blood test for tumor tissue DNA, NavDx.

Chris Carmody, chief technology officer at Pittsburgh-based UPMC, said the health system is exploring how it can use technology and AI tools such as ChatGPT to make care more personalized and efficient for patients. 

Durham, N.C.-based Duke Health is exploring a partnership with analytics company SAS to develop new artificial intelligence-powered cloud products for healthcare organizations.

Oshi Health, a virtual specialty care gastrointestinal health company, raised $30 million in a series B financing round led by Koch Disruptive Technologies with participation from CVS Health Ventures.

With plans to target healthcare, venture capital firm Northrim Horizon closed on $153 million in financing in its second fund.

Peoria, Ill.-based OSF HealthCare will use an AI-based and machine learning platform to streamline its utilization management services and improve workflows. 

As it shifts its focus to health system revenue cycle management, artificial intelligence company Olive sold its utilization management business line to RCM firm Availity.