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Pediatric teletherapy provider DotCom Therapy raises $13M backed by LRVHealth, OSF Ventures

Pediatric teletherapy provider DotCom Therapy raises $13M backed by LRVHealth, OSF Ventures
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How did local hospitals perform on latest safety ratings? • Illinois Black maternal health crisis • Swedish to close pediatric unit

Unsplash RUSH HELPS REVISE NEW CMS HOSPITAL STAR RATINGS: Nearly one-third of hospitals scored higher star ratings under CMS  new methodology that s meant to create a clearer picture of quality and safety, according to data released Wednesday. It s the first time CMS has applied the new methodology, and 45% of hospitals received the same star rating as before. Nearly a quarter, 22.7% of acute-care hospitals, had worse ratings. Fourteen percent of hospitals under the new methodology received five stars, including Rush University Medical Center and Rush Oak Park Hospital. Both hospitals had 5-stars under the earlier formula, and clinicians and others from the Rush helped shape the new methodology.

OSF Ventures Invests in Remote Care Management Platform

Press release content from PR Newswire. The AP news staff was not involved in its creation. OSF Ventures Invests in Remote Care Management Platform April 26, 2021 GMT OSF HealthCare Logo (PRNewsfoto/OSF HealthCare) PEORIA, Ill., April 26, 2021 /PRNewswire/ OSF Ventures joined a $43 million Series B investment in Current Health, provider of a remote care management platform that can empower health systems to monitor and manage patient care at home – thereby shortening patient hospital stays, reducing readmission rates and delivering better patient outcomes. OSF Ventures, the corporate investment arm of OSF HealthCare, joins the round led by Northpond Ventures, with additional financing from LRV Health, Section 32, Elements Health Ventures and existing investors. The funding comes on the heels of Current Health 3,000%+ growth in year-over-year revenue, making them one of the fastest growing health care companies.

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