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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Target Launches New Mini-Accelerator For Health-Related Startups

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By Kavita Kumar, Star Tribune

target-sign-pictures-target-logo-pictures4“While Target Corp. may be cutting some internal innovation initiatives, it hasn’t lost its appetite for working with start-ups.

The Minneapolis-based retailer is launching a new program called “Target Takeoff” to help support health- and wellness-related start-ups through a sort of mini-accelerator. It’s one of a growing number of programs in the Twin Cities aimed at helping young companies find their way and connect with the major retailers in town.”

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Blue Cross Has A New Head Of HealthIT Investments

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Screen Shot 2017-02-06 at 12.17.27 PMVia News Release

“EAGAN, Minn., Feb. 6, 2017 /PRNewswire-USNewswire/ — Blue Cross and Blue Shield of Minnesota (Blue Cross) today announced that Tom Vanderheyden has joined the organization’s senior leadership team as president of diversified business. In this new position, Vanderheyden oversees all strategies for expanding diversified businesses investments, bringing new health care products and solutions to market, and commercializing existing products and services.”

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St. Cloud HealthIT Firm Netgain Lands $25m Strategic Investment

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Via News Release

netgain-st-cloud-minnesota“ST. CLOUD, Minn., February 1, 2017 – Netgain, the leading provider of IT-as- a-service (ITaaS) to health care providers and other highly regulated industries, announced that they have received a two-stage $25 million strategic investment from Bluff Point Associates, a private equity firm focused on growth-stage investing in the healthcare IT and the financial services space.”

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