Mayo Clinic Ups Stake In Digital Health Startup AliveCor

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AliveCor-280By Don Jacobson, Twin Cities Business

“The Mayo Clinic has increased its venture investment stake in a Silicon Valley digital health startup touting a smartphone-based system that taps Mayo’s know-how in machine learning to detect and predict abnormal heart rhythms and the risk for stroke.

AliveCor of Mountain View, California, announced last week it has completed a Series D funding round of $30 million, led by Omron Healthcare, with participation from Mayo and its other existing inside investors. The goal is to boost the fortunes of the new Kardia Pro software platform, which is aimed at doctors.”

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Stratasys and VA Create The First Hospital 3-D Printing Network

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By Dee DePass, Star Tribune

Screen Shot 2017-03-17 at 10.10.46 AMStratasys Ltd. has teamed up with five veterans hospitals to create the first three-dimensional printing hospital network in the country, company officials announced Thursday.

Under the partnership with the U.S. Department of Veterans Affairs (VA), Stratasys will provide VA hospitals around the country with industrial 3-D printers, 3-D printing plastics, other materials and training that will allow doctors to make customized medical devices for veterans. The first VA hospitals to receive the 3-D printers are located in Seattle, San Antonio, Albuquerque, Orlando and Boston, Stratasys officials announced.”

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Local Startup OperaDDS Brings Tech to Teeth

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Introducing new technologies to age-old industries that are set in their ways can be like pulling teeth.

Fortunately, that happens to be Dr. Bryan Laskin‘s specialty.

About seven years ago, the longtime dentist decided to grow from his successful solo operation in Wayzata and open another practice. But while he was shopping for communication systems to equip the new location, he grew frustrated with the antiquated and overpriced options available.

“I tried a bunch,” he says. “They all sucked, frankly.”

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OneMedNet Raises Half A Million For Medical Imaging Software

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screen-shot-2016-09-12-at-8-07-02-amEden Prairie-based OneMedNet has raised $500k in equity investment per this SEC disclosure.

Formed in 2006, OneMedNet specializes in the exchange of medical imaging. Their flagship BEAM software suite features an array of features for providers and patients to securely and quickly share information across a number of devices and networks.

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Mayo Clinic Backs AI Nurse Startup Sense.ly

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By Lora Kolodny, TechCrunch

“San Francisco startup Sense.ly has raised $8 million in a Series B round of venture funding to bring its virtual nurse technology to clinics and patients of every kind. The company’s app helps physicians stay in touch with patients, and prevent readmission to the hospital. Chief Executive Officer and founder of Sense.ly, Adam Odessky describes the platform as “A cross between Whatsapp and Siri that captures all the important signals about a person’s health.”

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NetGain CEO Scott Warzecha On The $25M Capital Raise

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SWLate last month, St.Cloud-based Netgain announced receiving $25m in a majority strategic stake from Bluff Point Associates, a private equity firm focused on the healthcare IT and financial services space.

We spoke with founder and CEO Scott Warzecha about the past, present and future for Netgain:

When and how did Netgain form?

I founded Netgain in January of 2000 as a pure play application service provider (ASP) because I realized that St. Cloud had a lot of fiber optic available.

For the first time ever, in this area at least, we were able to use this to access our data centers and do things never done before.

My original business plan included about 25 employees and was really just focused on the area, which we were concentrated on back in the beginning.  An early salesperson really helped us break into the healthcare industry, which has become our specialty today and really expanded the geographic scope of Netgain.

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HealthIT Startup Ambient Clinical Analytics Closes On $3.9m of Series A

Ambient_FullColorRochester-headquartered Ambient Clinical Analytics has closed on $3.9m of $5.4m series A funding round according to this recent SEC disclosure.

Created in partnership with the Mayo Clinic, Ambient Clinical Analytics launched its initial big data platform AWARE for hospital ERs & ICUs in early 2014.

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Q&A With Minnesota’s Most Active Heathtech Investor, TreeHouse Health

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Screen Shot 2017-02-10 at 10.18.55 AMTreehouse Health is Minnesota’s most active healthtech investor by deal volume.

Since 2013 inception, the incubator has funded 14 HealthIT companies, 11 based in Minnesota.

We spoke with Managing Partner Jeffrey “JD” Blank about what’s working for TreeHouse Health right now.

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