Minnesota startup raising $3m for ICU wireless monitoring

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By Arundhati Parmar, MD+DI

“A Minnesota-based startup is looking to raise $3 million to develop innovative, low-cost wireless monitoring platform in the intensive care unit.

The twist is that while Vios Medical is based in the U.S., it is using research and development capability from India to develop its product. Of the $3 million it is seeking, Vios has already raised $1.7 million, according to a regulatory filing.”

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$20M seed fund and $50M national venture fund to be launched by U of M

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By Arundhati Parmar, MedCity News

“Minnesota entrepreneurs and their counterparts nationally listen up. Two new funds are expected to launch in July to help you survive the investment valley of death.

University of Minnesota President Eric Kaler told an audience of healthcare entrepreneurs and investors Tuesday that the University will launch two funds next year, pending approval from the university’s Board of Regents. He was speaking at the Mid America Healthcare Venture Forum in Minneapolis.”

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Minnesota Health IT startup providing MRI QA software seeks $5M

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By Arundhati Parmar, MedCity News

“Minnesota start-up OnPoint Medical Diagnostics, which has been seeking $5 million for more than a year, has now managed to raise $958,800, according to a recent amended regulatory filing.

The company did a reverse merger with Vertical Health Solutions, a Florida corporation in April, 2011, becoming its wholly owned subsidiary, thereby separating itself from a stumbling incubator which gave it life.”

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Mayo launches self-help app

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By Arundhati Parmar, MedCity News

“Called Anxiety Coach, the app claims to do no other self-help app can – help “people conquer their fears by guiding them through a series of confidence-building exercises while simultaneously tracking anxiety levels in real time and gauging their progress.”

The app is designed for people with anxiety levels across the spectrum ranging from stage fright to more deeper, severe symptoms that may require them to see a healthcare provider. In the case of the latter, the app is meant to help in tracking and fighting bouts of anxiety in between sessions with the psychiatrist or other care provider.”

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Healthsense raises $7m series D

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By Arundhati Parmar, MedCity News

Healthsense, a Mendota Heights, Minnesota startup that makes remote monitoring technology for seniors living in assisted living communities, has raised $7 million in a Series D round.

Product/Solution:The eNeighbor is a remote monitoring system by which sensors are placed within the living space of a senior which communicate using a wireless technology with software so that if seniors fall, caregivers can be immediately notified.”

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Mayo partners with San Fran startup on big data

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By Arundhati Parmar, MedCity News

“The Mayo Clinic announced Monday that it is partnering with a California startup that aims to provide unparalleled insight into a hospital’s performance data with the goal to improve healthcare quality, reduce costs and prevent reimbursement declines.

Dabo Health, based in San Francisco, has built a granular information platform “that centralizes quality metrics and makes them actionable for clinicians and hospitals based on evidence-based best practices,” said founder and CEO Camilo Barcenas, in an interview Sunday.”

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Minnesota health IT startup wants to shed light on hospital insurance contracts

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By Arundhati Parmar, MedCity News

“Insurance reimbursement contracts for providers are notoriously complex and opaque. Each procedure has a separate code and there are various permutations and combinations for when payments are available.

That gets in the way of practicing medicine and now a Minnesota health IT startup wants to help doctors groups and hospitals focus on their core function.  MD Clarity has a cloud-based software-as-a-service product through which doctors can know whether they are being paid appropriately by insurance companies for treating their members.”

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When innovation leads beyond the comfort zone

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By Arundhati Parmar, MedCity News

“For 35 years, Worrell Inc., a Minneapolis design firm has hummed along helping marquee clients like Johnson & Johnson, General Mills, Pepsi and Medtronic develop and market products.

Then last year something happened. Quite by accident the company came up with a product.

A product that appears to have all the elements sorely lacking in today’s healthcare:”

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VaporWire wants to make tracking activity a breeze

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By Arundhati Parmar, MedCity News

“Imagine pedometers, heart rate monitors and other activity trackers that capture data, but don’t require you to log the information manually to get a true picture of how much fat you are burning and how active you are.

That is the promise of recent Minnesota health and welllness startup VaporWire.”

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Warm Health App allows live chat between members and health plans

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By Arundhati Parmar, MedCity News

“A Minneapolis company has created an iPhone app that will allow people to interact with their health insurance companies about everything from claims and coverage to disease management.

Warm Health, a healthcare communications and disease management company, announced Monday that the Warm Health App on iTunes is available to plan members of its insurance clients. Although it is free for anyone to download, the app works only with health plan customers of Warm Health. The company has 25 clients including Amerigroup, Medica, HealthSpring.”

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