As our sister site mHealthWatch first reported this week during its coverage of the 2013 mHealth Summit, investment capital is flowing into health technology at a hurried pace today.
That much has been apparent throughout the convention, where a number of key venture funding announcements were made.
Practice Fusion, a provider of free Electronic Health Records, announced an investment of $15 million. Behind the cash infusion is Qualcomm, which helps bring Practice Fusion’s total funding to $149 million, Forbes confirms.
Whether Practice Fusion can make the jump from small physician practice to hospitals is yet to be determined. However, its success in fundraising and managing growth appear to put it in the poll position to win the next phase of EHR adoption.
Additionally, HealthLoop – a startup that already boasts a promising array of new patient-engagement tools – announced $10 million of Series A funding, led by Canvas Venture Fund.
“Rather than just sending text messages reminding you to take your pill, or information about your condition or treatment into your browser, HealthLoop seeks to integrate these data into the patient-doctor relationship,” explains report author John R. Graham. “It allows physicians to prioritize which patients they will reach out to on a given day, and has a suite of patient-education materials (including 3D models) that physicians can customize with treatment plans.”