A roundup of Minnesota’s HealthIT industry news for February, 2017:
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.”
Late 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.
By Kavita Kumar, Star Tribune
“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.”
Via 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.”