Finance
The New York-based company posted a net loss of $1 billion, or $5.87 per share, causing its stock price to fall around 15%.
HIMSS25
The cost burden is lowered when rural hospitals share their EHR because the host can bear the cost of things such as infrastructure, security and staffing, says David Winn, vice president for Parkview Community Connect at Parkview Health.
The financing is in addition to a $1.8 million NIH grant for a Veris implantable physiological monitor.
This comes five years after Advent Partners and Geoffrey Sayer, who became its CEO, bought the company.
The announcement comes just three months after XRHealth announced it acquired cognitive training VR platform NeuroReality and its assets.
The company will use the funds to expand its team and hasten its product direction as demand for its offering accelerates.
The company will use the funds to enhance the development of its AI capabilities and for commercial growth.
Vitalchat also garnered $6 million in a Series A round, and Cerula Care secured $3.7 million in an oversubscribed seed funding round.
The alliance will result in the integration of Kyruus Health's care access platform with aha!'s "low-code/no-code" health experience platform.
The company will use the funds to expand its customer relationships with provider groups.