Innovation

Monticello, Ill.-based Kirby Medical Center has selected Augmedix for its automated medical documentation.

Houston Methodist Institute for Technology, Innovation and Training partnered with VR company FundamentalVR to build a new healthcare app for training, education and innovation. 

Google Cloud has unveiled a new software program that uses artificial intelligence for medical imaging diagnostics and has already begun collaborating with Edison, N.J.-based Hackensack Meridian Health to improve cancer detection.

DuBois, Pa.-based Penn Highlands Healthcare is expanding its collaboration with software company Regard on a tool that uses artificial intelligence to boost diagnostics and billing.

San Diego-based Rady Children's Institute for Genomic Medicine has partnered with healthcare data company PlumeCare RWE to create a pilot program that will screen newborns for 400 genetic diseases. 

Biotechnology company Alloy Therapeutics has raised $42 million, with return investor Thiel Capital participating in the series D fundraising round.

Technology investment firm Francisco Partners has agreed to acquire benefits technology company Bswift from CVS Health for an undisclosed amount.

Rochester, Minn.-based Mayo Clinic is the first place in North America to install an ultrafast PET/CT scanner the health system says will greatly boost its imaging quality, particularly for cancer diagnosis and treatment.

Healthcare innovation venture fund Wavemaker Three-Sixty Health is opening a new location in the San Francisco area.

Hospital and health system venture capital arms help provide financial investment and resources to startups. These companies may generate additional revenue for the health system if they are successful.