Skip to Content

Tag: Funding


Rx Redefined skips 'intermediary’ 

Specialty Providers

Rx Redefined skips 'intermediary’ 

March 17, 2023Tracy Orzel

OAKLAND, Calif. - Rx Redefined, a platform that allows physicians to manage the distribution of medical supplies for their patients, recently raised $8 million in Series A funding, a sign that founder and CEO Brandon Boots is on to something.  Boots started Rx Redefined in 2018 because he believes, when it comes to obtaining medical supplies for a chronic condition, the prescription process is broken.  "We have experienced tremendous growth in the last year,” said Boots. “With...

Funding, Medical supplies, Rx Redefined


Read Full Articlered right arrow icon

Vendors

RehabPulse attracts $4.5M

October 25, 2021HME News Staff

MADISON, Wis. – RehabPulse, an online marketplace for a wide range of DME solutions and services, has secured $4.5 million in its latest funding round.  The company says it has also become the first online marketplace in the DME industry to offer integrated online insurance claims processing.  “In RehabPulse, we created a one-stop shop for medical products and services, and our insurance integration now presents an unprecedented opportunity to reduce the complexities involved...

Funding, Online Marketplace, RehabPulse, WISC Partners


Read Full Articlered right arrow icon

Also Noted

Oventus raises millions

May 11, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has firm commitments from institutional and sophisticated investors for a two-tranche placement of ordinary shares to raise about $5 million. The company has also launched a fully underwritten 1 for 4.4 pro-rata, non-renounceable entitlement offer to raise another $5 million. “We thank all those investors who showed strong support for the company through the placement, despite the challenges brought about by sustained lockdowns...

Capital Raise, Funding, Oventus Medical


Read Full Articlered right arrow icon

Also Noted

Rx Redefined attracts funding

February 22, 2021HME News Staff

OAKLAND, Calif. – Rx Redefined, which offers a platform that allows physicians to directly manage the distribution of DMEPOS to their patients, has completed its $2 million seed funding round, led by Silverton Partners, with participation from Saturn Five. “The status quo within the DMEPOS marketplace creates unnecessary distribution delays and often allows for bait-and-switch tactics, which wastes patient and physician time and negatively impacts health care outcomes,” said...

Funding, Prescribing, Rx Redefined


Read Full Articlered right arrow icon

Also Noted

WHILL secures funding

September 20, 2018HME News Staff

SAN CARLOS, Calif. - WHILL, which launched the Model Ci in the U.S. in January, has secured $45 million in funding led by investors SBI Investment Co., Daiwa PI Partners Co. and Daiwa Corporate Investment Co., and WHIZ Partners, as well as Endeavor Catalyst and others. This funding brings WHILL's total funding to about $80 million. WHILL, expanded sales into the U.K. and Italy in July, following its expansion into Canada earlier this year, will use the funding to further broaden its geographic footprint...

Funding, Wheelchair, WHILL


Read Full Articlered right arrow icon

Also Noted

Parachute Health attracts second round of funding

June 5, 2018HME News Staff

NEW YORK ­- Parachute Health has attracted $9.5 million in new funding to expand its e-prescribing platform into key markets across the United States. Parachute provides a seamless, all-digital solution for ordering home medical equipment and services after patients are discharged from hospitals. The new funding was led by Harley Miller and Dan Ahrens of Insight Venture Partners, and includes investment from GNYHA Ventures, the business arm of the Greater New York Hospital Association, and Anthony...

Documentation, e-prescribing, Funding, Parachute Health


Read Full Articlered right arrow icon

Vendors

Parachute Health digitizes DME

March 30, 2018Liz Beaulieu, Editor

NEW YORK - Healthcare technology platform Parachute Health has raised $5.5 million on its mission to kill the fax machine for DME orders.The company offers a standalone cloud-based website and an app in Epic's “App Orchard” that digitizes the process of determining insurance coverage, selecting providers, and sending and tracking orders for DME.“The end goal for Parachute is to solve this problem for patients of not getting the equipment they need when they need it,” said...

Electronic Ordering, Funding, Parachute Health


Read Full Articlered right arrow icon

Also Noted

Parachute Health secures $5.5M

March 20, 2018HME News Staff

NEW YORK - DME technology platform Parachute Health has raised $5.5 million to expand nationwide. The company integrates directly with Epic and other widely used electronic medical record software programs to create a completely digital prescription ordering process for DME based on machine learning technology that ensures compliance with ever-changing insurance requirements. “Despite decades of advancement across industries, healthcare still relies on the fax machine,” said CEO David...

Digital, Durable Medical Equipment (DME), Funding, Parachute Health, Prescribing


Read Full Articlered right arrow icon

Also Noted

Sleep therapy system receives $58.5M in funding

December 19, 2017HME News Staff

MINNETONKA, Minn. - The makers of a transvenous implantable neurostimulation system for treating central sleep apnea have received $58.5 million in financing. The financing for Respicardia and its remed? System was led by ZOLL Medical Corp., a manufacturer of medical devices and related software solutions. "We believe the remed? System will soon become the treatment of choice for patients suffering from central sleep apnea," stated Bonnie Labosky, president and CEO of Respicardia. "Proceeds from...

Funding, Respircardia, Sleep Therapy


Read Full Articlered right arrow icon

Also Noted

Metamason draws $3M in funding

June 7, 2016HME News Staff

LOS ANGELES - Metamason, the company behind a 3-D scanned and printed customized CPAP mask, has closed on a $3 million Series Seed financing round. The investment was led by 3P Equity Partners, a manufacturing-focused private equity firm in San Jose, Calif., and Tsing Capital, a leading “cleantech” venture capital firm in China. “We are thrilled to reach this important milestone for the company,” said CEO Leslie Oliver Karpas. “Our investors are confident that Metamason...

3-D, CPAP Mask, Funding, Metamason


Read Full Articlered right arrow icon