Arrowhead, Research Cuts, JCI, & More: This Week’s WI Watchlist
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Department of Veterans Affairs, according to a BizTimes Media report. The grant funding will allow veterans considering starting their own companies to receive up to $500 worth of training from the Wisconsin Small Business Development Center, according to the report.
—More funding news: Milwaukee-based Scanalytics, which develops hardware and software to help customers track the movement of people in stores, at trade shows, and in other settings, recently raised $1 million from investors, co-founder and CEO Joe Scanlin said. Scanalytics, which currently has 15 employees, will use some of the new capital to add data scientists and engineers to its team, and recruit additional customers, Scanlin said.
—Becker’s Hospital Review profiled Redox, a Madison-based startup that develops digital tools enabling software developers to access data from electronic health records systems used at hospitals and clinics. Redox currently has 30 employees; about 20 of them reportedly used to work at Epic Systems, a health records giant based in Verona, a suburb of Madison. Redox has raised more than $12 million from investors since launching in 2014, including a $9 million Series B funding round that closed earlier this year, SEC filings show.
—Staying in health IT, the Centers for Medicare and Medicaid Services approved software developed by Madison-based Forward Health Group as a so-called “qualified registry” that healthcare providers can use to report data to the federal agency in 2017. The approval comes about two months after CMS kicked off a key component of a quality-based reimbursement program requiring clinicians and healthcare organizations to submit select patient data to the agency. The program is part of a broad shift in the healthcare industry from fee-for-service payment models to value-based care.
—Madison Magazine profiled Farhan Ahmad, who serves as chief technology officer at the Madison-based software company HealthDecision. The report, part of a package of stories called “Muslim in Madison,” explains that Ahmad and his family moved to the U.S. in 1998 from Pakistan, and he later found work at software and healthcare organizations in the area. It also examined his faith. “The reasoning and logic that’s provided by [Islamic] scholars here tends to be much more fact-based than you would get in Pakistan, where it’s just like you’re expected to believe one way and there’s no thought besides it,” Ahmad told the magazine.