Bright Health to Acquire California-Based Health Plan

by Alex Skjong

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The news keeps on breaking in the Bright Health camp. Fresh off of announcing its new CFO earlier this week, the Minneapolis healthcare company has signed an agreement to acquire Universal Care, an entity that operates under the name Brand New Day. Based in Los Angeles, Brand New Day provides Medicare Advantage plans in Southern California.

“This transaction gives Bright Health Plan a strong presence in California with an established and philosophically aligned partner,” Mike Mikan, president and vice chairman of Bright Health, said in a release. “But beyond that, it positions us to leverage this partnership to bring key elements of Brand New Day’s patient-first, integrated clinical model of care to all our members across product lines and geographies.”

Financial details of the expansion are under wraps for now, but the deal is expected to close this year. We’ll be sure to provide updates when the cat is let out of the very large money bag.

CES 2020: The 16 Minnesota Companies Strutting Their Stuff

by Alex Skjong

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It’s 2020, folks. We’re officially in “years that sound like sci-fi dates” territory, and there’s no better way to kick off the arrival of the future than by looking ahead to the… future of the future?

While I’m busy sorting out the timelines in my noggin, 16 Minnesota companies are getting ready to present their products at CES ® (January 7-10). From quadcopter cameras to advertising insight, here’s how l’étoile du nord is being represented in Las Vegas this week.

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Clinician Nexus Raises $1.5 Million in Seed Round

by Alex Skjong

Twin Cities-based startup Clinician Nexus has announced that it raised $1.5 million in a seed round of fundraising, bringing the company’s total investments to $2.3 million. The round was led by Chicago’s Hyde Park Venture Partners with additional contributions by the non-profit hospital Cedars-Sinai as well as Minneapolis-based firms Sofia Fund and Great North Labs. The company also participated in the Cedars-Sinai Accelerator program last summer.

“Great North Labs invests in teams that meet a critical need and engage deeply with customers,” Pradip Madan, managing partner at Great North Labs, said in a statement. “Clinician Nexus meets both criteria.”

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HabitAware Awarded Small Business Innovation Research Grant

by Alex Skjong

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Good money for good causes is something we can certainly get behind, and the latest news from HabitAware definitely fits the bill. The St. Louis Park-based company announced in a blog post that it has been awarded a Small Business Innovation Research (SBIR) grant for $224,795 by the National Science Foundation. This marks the second grant the company has received; it was awarded a $300,000 federal research grant from the National Institute of Mental Health in 2018.

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Applying to the gBETA Medtech Accelerator Is a Healthy Resolution

by Alex Skjong

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Are you starting to assemble your New Year’s resolutions? Hit the gym more often… travel more… finally watch Game of Thrones so you can stop being what seems to be the last person on Earth not to know what a Many-Faced-God is and why it has so many faces?

Those are all noble endeavors, to be sure. But for the health-minded entrepreneurial spirits out there, it could be time to add another resolution to your list — apply to the gBETA Medtech accelerator.

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UnitedHealthcare Accelerator Powered by Techstars Demo Day: Class Recap

by Alex Skjong

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Augmented reality, thermal scanning, ridiculously inexpensive health benefits (with meditation?) — there was a lot to dig into during the UnitedHealthcare Accelerator powered by Techstars Demo Day. Taking place in the swanky digs of Aria, the event featured nine health-focused startups looking to wow through short, on-stage demos. Here are our impressions of the class presentations.

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MNIT Recognized as Leader in Cloud-Based Innovation

by Alex Skjong

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We’re happy to share the news of yet another feather in Minnesota’s tech community cap. The Amazon Web Services (AWS) City on a Cloud Innovation Challenge has recognized Minnesota IT Services (MNIT) for two projects completed in partnership with the Minnesota Department of Health (MDH). The first, a Point of Dispensing (POD) Medical PreCheck and POD Locator Applications, was named a winner in the “Constituent Services Award.” Another project, using AI and machine learning tech to quickly scan documents for personally identifiable information (PII), was a finalist in the “Dream Big Award” category.

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See the Future of Healthcare Products & Services at UnitedHealthcare Accelerator powered by Techstars Demo Day

by Alex Skjong

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Health and wellness. They’re so hot these days. But “these days” aren’t the focus of the upcoming UnitedHealthcare Accelerator powered by Techstars Demo Day event. The showcase of nine presenters will give attendees a glimpse into the exciting future of healthcare products and services.

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