MDLIVE has raised fresh capital one month after adding a second opinion service for pediatrics, according to a company statement.
It raised $23.6 million in a financing round led by new investors including Heritage Group, Sutter Health and Kayne Anderson Capital Advisors. Among its established investors are Sentara Healthcare and John Sculley, the former CEO for Apple and Pepsi Cola and the vice chairman of MDLIVE’s board of directors.
The funding will be used to expand its healthcare system in the cloud, as well as to integrate a Second Opinion program for patients. Last month, MDLIVE inked a deal with Children’s Hospital of Pittsburgh to provide 24 hour access to pediatricians for patients who have seen a primary care physician. It’s designed to confirm for parents whether a recommended diagnosis or treatment plan is the best option.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The Florida-based company, launched in 2006, provides a telehealth service through employers such as Cigna. It also has a HIPAA-compliant system that helps payers and providers collect and share clinical data from patient medical records, lab results and in-home biometric devices for real-time risk assessments and wellness advice.
