CodaMetrix, a spinoff of Somerville, Mass.-based Mass General Brigham that uses artificial intelligence for health system revenue cycle management, raised $55 million in series A funding.
Innovation
Fountain Valley, Calif.-based MemorialCare is one of the largest systems in the country and has made some notable investments through its venture arm, the MemorialCare Innovation Fund.
Financial giant Morgan Stanley revealed the five winners of its second annual Alliance for Children's Mental Health Innovation Awards; each winner will receive a $100,000 grant to help scale their company.
Edison, N.J.-based Hackensack Meridian Health is partnering with Neosoma, a medtech company that uses artificial intelligence to research and treat brain tumors.
Many health systems are dipping their toes into venture capital investments, and Ballad Health is no exception. The Johnson City, Tenn.-based health system maintains a sizable venture arm and has invested in a diverse array of healthcare companies.
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Chicago-based CommonSpirit Health is one of the largest systems in the country and has made some notable investments.
Orlando (Fla.) Health has a venture capital arm that focuses on early-stage companies creating disruptive healthcare technologies that align with the health system's strategy.
Saint Luke's Health System is expanding its home-based care program to serve patients of Saint Luke's Hospital of Kansas City and Saint Luke's North Hospital, both based in Kansas City, Mo.
AtlantiCare is using an AI-powered tool to help physicians identify and track patients at risk for lung cancer.
Vytalize Health, a value-based care company that provides analytics and recommendations to primary care providers, raised $100 million in funding.