Tag: Funding
Rehab Medical taps UHC exec for new role
December 10, 2024HME News Staff
INDIANAPOLIS – Rehab Medical has appointed Michael Farrell to the newly created position of vice president of regulatory and funding. With nearly two decades of health care experience, Farrell has worked as a compliance consultant for various providers and previously served as vice president of revenue cycle management for UnitedHealthcare (UHC) and Optum. “I’ve been in the health care industry 15 years, providing operational guidance so facilities could build solid teams and implement...
Better Health secures new funding round
June 13, 2024HME News Staff
SAN FRANCISCO – Better Health, a medical supply provider, has received $14 million in strategic funding, including investments from Healthworx, the innovation and investment arm of CareFirst Inc., UHealth - University of Miami Health System, and Mosaic General Partnership.
Better Health will use the funding to bring a more comprehensive solution to payers and providers, while also expanding into new categories to better serve members with chronic conditions. The company is also...
Rx Redefined skips 'intermediary’
March 17, 2023Tracy Orzel
OAKLAND, Calif. - Rx Redefined, a platform that allows physicians to manage the distribution of medical supplies for their patients, recently raised $8 million in Series A funding, a sign that founder and CEO Brandon Boots is on to something.
Boots started Rx Redefined in 2018 because he believes, when it comes to obtaining medical supplies for a chronic condition, the prescription process is broken.
"We have experienced tremendous growth in the last year,” said Boots. “With...
RehabPulse attracts $4.5M
October 25, 2021HME News Staff
MADISON, Wis. – RehabPulse, an online marketplace for a wide range of DME solutions and services, has secured $4.5 million in its latest funding round.
The company says it has also become the first online marketplace in the DME industry to offer integrated online insurance claims processing.
“In RehabPulse, we created a one-stop shop for medical products and services, and our insurance integration now presents an unprecedented opportunity to reduce the complexities involved...
Oventus raises millions
May 11, 2021HME News Staff
BRISBANE, Australia – Oventus Medical has firm commitments from institutional and sophisticated investors for a two-tranche placement of ordinary shares to raise about $5 million. The company has also launched a fully underwritten 1 for 4.4 pro-rata, non-renounceable entitlement offer to raise another $5 million. “We thank all those investors who showed strong support for the company through the placement, despite the challenges brought about by sustained lockdowns...
Rx Redefined attracts funding
February 22, 2021HME News Staff
OAKLAND, Calif. – Rx Redefined, which offers a platform that allows physicians to directly manage the distribution of DMEPOS to their patients, has completed its $2 million seed funding round, led by Silverton Partners, with participation from Saturn Five. “The status quo within the DMEPOS marketplace creates unnecessary distribution delays and often allows for bait-and-switch tactics, which wastes patient and physician time and negatively impacts health care outcomes,” said...
WHILL secures funding
September 20, 2018HME News Staff
SAN CARLOS, Calif. - WHILL, which launched the Model Ci in the U.S. in January, has secured $45 million in funding led by investors SBI Investment Co., Daiwa PI Partners Co. and Daiwa Corporate Investment Co., and WHIZ Partners, as well as Endeavor Catalyst and others. This funding brings WHILL's total funding to about $80 million. WHILL, expanded sales into the U.K. and Italy in July, following its expansion into Canada earlier this year, will use the funding to further broaden its geographic footprint...
Parachute Health attracts second round of funding
June 5, 2018HME News Staff
NEW YORK - Parachute Health has attracted $9.5 million in new funding to expand its e-prescribing platform into key markets across the United States. Parachute provides a seamless, all-digital solution for ordering home medical equipment and services after patients are discharged from hospitals. The new funding was led by Harley Miller and Dan Ahrens of Insight Venture Partners, and includes investment from GNYHA Ventures, the business arm of the Greater New York Hospital Association, and Anthony...
Parachute Health digitizes DME
March 30, 2018Liz Beaulieu, Editor
NEW YORK - Healthcare technology platform Parachute Health has raised $5.5 million on its mission to kill the fax machine for DME orders.The company offers a standalone cloud-based website and an app in Epic's “App Orchard” that digitizes the process of determining insurance coverage, selecting providers, and sending and tracking orders for DME.“The end goal for Parachute is to solve this problem for patients of not getting the equipment they need when they need it,” said...
Parachute Health secures $5.5M
March 20, 2018HME News Staff
NEW YORK - DME technology platform Parachute Health has raised $5.5 million to expand nationwide. The company integrates directly with Epic and other widely used electronic medical record software programs to create a completely digital prescription ordering process for DME based on machine learning technology that ensures compliance with ever-changing insurance requirements. “Despite decades of advancement across industries, healthcare still relies on the fax machine,” said CEO David...