Oncology analytics startup Flatiron Health raises a $130 million Series B round led by Google Ventures. The startup, which was founded by two 20-something ex-Googlers with no medical or health IT experience, is also announcing that it will immediately invest some of that new capital by acquiring Altos Solutions, another cloud-based Oncology analytics firm.
Castlight Health reports its first quarter results since going public: total revenue was $8.4 million, up significantly over 2013 results, but EPS was -$0.72 vs. –$1.19, missing analyst expectations. Their stock price is down seventy percent since their March IPO.
HHS reports that, since implementing the Affordable Care Act, reductions in falls, adverse drug events, and infections “have prevented nearly 15,000 deaths in hospitals, avoided 560,000 patient injuries, and approximately $4 billion in health spending over the same period." HHS also says readmission rates have dropped 1.5 percent.
Hedge fund manager David Einhorn’s slides from the critical presentation he gave on athenaHealth are released. Athena’s stock prices have dropped 15 percent since his statements.