By Arundhati Parmar, MedCity News
“A mobile health startup wants to help providers get a better handle on patient satisfaction and they find good reception given the advent of Accountable Care Organizations and other elements of healthcare reform.
Healthy Heartland Inc. has created CareWire, a text-messaging service by which patients can rate their satisfaction following an appointment on a scale of 0 to 10. After patients have completed their appointment, CareWire can send a text message on behalf of the provider to the patient asking that they rate their experience on a scale of 0 to 10, with 10 being very positive.”
By Arundhati Parmar, MedCity News
“People eager to tackle obesity or just maintain a healthy lifestyle may soon have another tool to help them achieve their goals. MetaLogics Corp, a Minnesota company, is building a calorie monitor that it claims is the “only wearable device that directly measures the calories your body burns without relying on guesses or estimates.”
In late December the company raised $70,000 of the $200,000 it is seeking.The MetaLogics Personal Calorie Monitor is worn on the upper arm. It uses a patented technology used in metabolics research to measure the four kinds of heat generated by the body – radiant, conductive, evaporative and convective.”
By Arundhati Parmar, MedCity News
“Vertical Health Solutions, which does business as OnPoint Medical Diagnostics, is seeking $5 million in exchange for equity and options, according to a regulatory filing. So far, $525,000 has been raised.
William Cavanaugh is the president and CEO of the company, while Rochester real estate mogul Gus Chafoulias is one of its directors. OnPoint Medical Diagnostics, a Minnesota health IT firm, makes MRI quality assurance software.”
By Arundhati Parmar, MedCity News
“As the e-clinical software market has seen rapid growth, Minnetonka, Minnesota-based MedNet Solutions, which makes web-based clinical study management tools, has shared in some of that bounty.
Earlier in August, the health IT firm made the list of Inc. magazine’s 5,000 fastest-growing, privately held companies for the fifth year in a row. This time, MedNet Solutions ranked 4,085 and showed a 30 percent growth in three years with revenue climbing to $11.2 million last year from $8.6 million in 2008.”
By Arundhati Parmar, MedCity News
“Serial entrepreneur Abir Sen wants to revolutionize how employers buy health insurance for their workers as well as provide more control and choice to employees in how they choose health benefits.
Sen is the founder and CEO of Minneapolis, Minnesota startup Bloom Health. The startup announced last week that it has signed up Blue Cross Blue Shield of Michigan, the largest insurer in that state, and Medica, a Minneapolis health plan, to provide health benefits through Bloom’s newly launched private health exchange.”
By Arundhati Parmar, MedCity News
“An emerging health IT startup in Minnesota wants to create a healthcare social network that would move sales between vendors and hospital systems completely online.
Consider Qualtrx a mix between Twitter and Match.com, says its founder and CEO Rashaun Sourles. Hospitals and physicians in the Qualtrx network broadcast their needs, which can be as specific as the desire for an individual product or patient care need or as broad as an organizational goal. Then, medical sales representatives will buy access to the system, respond to the health systems’ needs and (presumably) make a sale.”
By Arundhati Parmar, MedCity News
“Health IT company OnPoint Medical Diagnostics could be the silver lining of the collapsed Minnesota incubator Healthcare IP Partners.
Healthcare IP Partners fell to pieces in less than two years after trying to commercialize Mayo Clinic technology, such as the kind used by OnPoint. Most of the five spinoffs have uncertain futures. But OnPoint seems to be recovering from a rocky start, which included temporarily losing its license to Mayo due to lack of funds, said the company’s President William Cavanaugh.”
By Arundhati Parmar, Finance and Commerce
“A nonprofit in northern Minnesota is about to launch a project that will ultimately bring eight northeast rural counties into the 21st century by providing high-speed Internet.
Earlier this year, the Mountain Iron-based Northeast Service Cooperative received $43.5 million in loans and grants from the federal government to lay 915 miles of fiber optic cable in the region. The nonprofit is set to issue a request for proposal (RFP) by Nov. 15, said Lyle MacVey, director of information technology.”
By Arundhati Parmar, Finance and Commerce
“A provider of card-payment systems for the health-care industry has raised $1.55 million, according to documents filed with the Securities and Exchange Commission.
mPay Gateway Inc., based in Minneapolis, raised the money from eight investors, according to the filing. Two previous investors also invested in this round — Los Angeles-based GRP Partners and Denver-based Appian Ventures.”
By Arundhati Parmar, Finance and Commerce
“Call it “password fatigue.” For many of us, remembering multiple passwords is an annoying fact of 21st century life. Now, a local company says it has the cure.
Chanhassen-based software company Indigo Identityware makes software, used in conjunction with biometric readers, that identifies people with a simple fingerprint, providing instant access to multiple applications. According to documents filed with the Securities and Exchange Commission, Indigo Identityware raised $1.25 million earlier this year. The company is trying to raise more money now, but President and CEO Thomas Rheineck declined to say how much.”
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