NIH Awards Mayo Clinic $142M to Create Biobank for Precision Medicine Initiative

Precision Medicine Market

The National Institutes of Health (NIH) has awarded Mayo Clinic $142 million over five years as part of President Obama's Precision Medicine Initiative to create the world’s largest biobank for the PMI Cohort Program. Mayo Clinic will use the funding to support the collection, storage and distribution for research use of biological samples known as biospecimens. Laboratory analyses of the biospecimens, including chemical and genetic tests, will be a key component of the core PMI Cohort Program
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StartUp Health Finland Unveils First 5 Digital Health Startups

StartUp Health Finland Reveals New Class of 16 Healthcare Transformers

StartUp Health, a global entrepreneurship development company for Healthcare Transformers, announced the first five digital health startups to join the StartUp Health Academy as part of StartUp Health Finland. StartUp Health Finland is the company’s first Regional Affiliate that connects directly into StartUp Health’s global platform and is focused on coaching and supporting the rapidly growing ecosystem of Finnish entrepreneurs. StartUp Health Finland will provide selected entrepreneurs access
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Medtronic, Qualcomm Team Up to Develop Next-Gen Continuous Glucose Monitoring

qualcomm medtronic diabetes

Medtronic and Qualcomm has signed a global, multi-year collaboration to jointly develop future generation continuous glucose monitoring (CGM) systems that aim to improve health outcomes for people with diabetes. Both companies want to enable more informed care, by giving insights to doctors and people with type 2 diabetes concerning glucose levels specifically for those who do not have control of their diabetes today.Collaboration DetailsThe initial focus of the collaboration would be to develop
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6 Recent Digital Health Innovations to Watch

HIT Consultant Digital Health Innovations

At HIT Consultant, we are always thinking about how digital innovation is impacting healthcare. As a result, we’ve compiled a list of innovations that have the potential to create greater change when it comes to the application and practice of healthcare in our series: HIT Consultant’s Selected Six Digital Health Innovations.Take a look at what we’ve chosen for May’s selected six, including a genomic search engine with fishy inspiration, a smartwatch that turns your skin into a touchscreen, and
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Intermountain Healthcare Pumps $12M into Machine Learning Startup Zebra Medical

Intermountain Healthcare Pumps $12M into Zebra for Automated Diagnostic Algorithms

Intermountain Healthcare has invested $12 million in strategic funding with Zebra Medical Vision, an Israeli medical company. The partnership will accelerate the creation of Zebra’s imaging analytics engine and create neural networks that will use Zebra’s vast imaging dataset to assist radiologists with automated diagnostic algorithms. In addition to Intermountain, Zebra's existing investors include Khosla Ventures and Marc Benioff. Founded in 2014 by Co-Founders Eyal Toledano, Eyal Gura, and
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CareFirst Shells Out $3M to Deliver Telemedicine to Underserved Communities

CareFirst

According to a company statement, CareFirst BlueCross BlueShield (CareFirst) plans to shell out nearly $3 million dollars for regional telemedicine programs to 10 health care organizations in Maryland, Northern Virginia and Washington, D.C. The telemedicine programs will focus on expanding healthcare to underserved communities. Last year, CareFirst issued a request for proposals from public health entities and nonprofit organizations aiming to use telemedicine programs to remove common barriers
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Sensifree Lands $5M for Contactless Biometric Monitoring Sensors

Sensifree

Sensifree, an Israeli digital health startup provider of low power, contact free, electromagnetic sensors that accurately collect a range of continuous biometric data without the need to touch the human body, today announced it has raised $5 million in Series A funding.  The round was led by TransLink Capital with participation from existing and new investors, including UMC Capital, a subsidiary of United Microelectronics Corp. and an undisclosed strategic investor.The latest round adds to seed
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Practice Fusion Founder Launches Heart Monitoring Smartwatch – iBeat Life Monitor

Practice Fusion Founder Launches Heart Monitoring Smartwatch – iBeat

After stepping down as the CEO of cloud-based EHR platform Practice Fusion in mid-2015, founder Ryan Howard is back with a new digital health startup focused on a life-saving Wearable-as-a-Service. The startup is currently developing its first product, iBeat Life Monitor, a heart monitoring smartwatch wearable that perpetually monitors and detects cardiac arrest, heart attack, and atrial fibrillation. Similar to the Life Alert system for seniors, in the case of a life-threatening emergency,
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Propeller, Health Vectura Partner To Develop Connected Dry-Powder Inhaler

Vectura Group

Digital health company Propeller Health is teaming up with respiratory pharmaceutical company Vectura to develop digitally connected dry powder inhaler (“DPI”) technology inhalers integrated with Propeller's FDA-cleared digital health platform. The partnership will bring a new connected dry-powder inhaler device onto the Propeller platform. Vectura provides a range of pre-metered foil blister-based dry powder inhalers developed to meet patients’ needs in inhalation therapy. The initial focus of
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Clinical Grade Wearables Will Accelerate Growth Opportunities for Internet of Medical Things

Wearables

The global healthcare wearable devices market earned $5.1 billion and is expected to reach $18.9 billion in 2020, at a compound annual growth rate (CAGR) of 29.9%, according to new analysis from Frost & Sullivan. Additionally, consumer health wearables are expected to grow at a CAGR of 27.8%, and medical and clinical-grade wearables are expected to grow at a CAGR of 32.9%.The report finds wearables dedicated to chronic disease monitoring and other clinical applications are expected to
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