What You Should Know:
The year 2023 marked a stark shift for digital health, transitioning from the heady days of record-breaking funding to a harsh reality of tightening belts and consolidation, according to a new report from CB Insights.
- The CB Insights report, State of Digital Health 2023, reveals that while the pandemic initially fueled a gold rush of innovation, the tide has turned, leaving a landscape of both challenges and opportunities.
Funding Plummets, Deals Dry Up
Global
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53% of Psychologists Are Concerned About The Use of AI
What You Should Know:
- As artificial intelligence (AI) creeps into every corner of life, psychology faces a critical juncture, according to a new study by PsychologyJobs.com reveals a complex and often conflicted landscape among psychologists regarding AI's potential and perils in their practice.
- The study surveyed 100 psychologists across 12 different fields, and the findings paint a fascinating picture. While a quarter (25%) of psychologists surveyed are already using AI tools, and
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ObjectiveHealth Secures Growth Investment to Expand Innovative Clinical Research Model
ObjectiveHealth, a pioneer in integrated specialty research, today announced a strategic investment from Vitruvian Partners, a renowned global growth equity firm.
- This strategic investment will fuel ObjectiveHealth's expansion and its mission to revolutionize clinical research by seamlessly integrating trials into the practices of community-based physicians.
Transforming Clinical Trials, One Patient at a Time:
ObjectiveHealth stands out with its innovative approach. They act as a
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Swift Medical Secures $8M to Power AI-Driven Wound Care
What You Should Know:
- Swift Medical, a digital health leader in AI-powered wound care, has announced a successful $8M funding round co-led by BDC Capital's Women in Technology Venture Fund and funds managed by Virgo Investment Group.
- The strategic investment will fuel the company's mission to revolutionize chronic and acute wound care through advanced technology and artificial intelligence.
The Future of Wound Care
Swift Medical boasts a proven track record, serving as the
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Ochsner Health Appoints Amy Trainor as Chief Information Officer
What You Should Know:
- Ochsner Health has appointed Amy Trainor as its new System Vice President and Chief Information Officer.
- In her new role as CIO, Trainor will oversee the design, implementation, and utilization of information services across the organization's vast network of 46 hospitals, 370+ health and urgent care centers, and its cutting-edge Connected Health program.
Amy Trainor Bio/Background
Trainor brings extensive experience and a proven track record to the table.
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Motif Neurotech Raises $18.75M for Implantable Device for Treatment-Resistant Depression
What You Should Know:
- Motif Neurotech, a pioneer in minimally-invasive bioelectronics for mental health, announced today an impressive $18.75 million Series A funding round. Led by Arboretum Ventures, the investment saw participation from prominent players like KdT Ventures, Satori Neuro, and Dolby Family Ventures, alongside existing supporters Divergent Capital and PsyMed Ventures.
- Motif Neurotech's innovative approach represents a potential paradigm shift in mental health treatment.
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Precision Psychiatry: Circular Genomics Secures $8.3M to Tackle Depression with CircRNA Test
What You Should Know:
- Circular Genomics, a pioneer in unlocking the secrets of circular RNA (circRNA) for precision psychiatry and neurology, has secured $8.3 million in a Series A funding round. Led by Mountain Group Partners, this vital investment brings on board new partner UNM Rainforest Innovations and bolsters support from existing investors like Cottonwood Technology Fund and Tramway Venture Partners.
- The new funding will empower Circular Genomics to build and scale commercial
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Physician Burnout and Depression Rates Decline, Medscape Report Reveals
What You Should Know:
- For the first time in years, a glimmer of hope has emerged in the fight against physician burnout and depression.
- The latest Medscape Physician Burnout & Depression Report reveals a significant decline in the rates among U.S. doctors, suggesting a potential shift in the overall mental well-being of this critical workforce.
Burnout Rates Dip, but Challenges Remain
The Medscape Physician Burnout & Depression Report 2024, titled "We Have
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Isaac Health Secures $5.7M to Combat Dementia Deserts & Revolutionize Brain Care
What You Should Know:
- Isaac Health, a rising leader in digital brain health, has successfully closed an oversubscribed $5.7 million Seed funding round led by Meridian Street Capital and B Capital, bringing together prominent players like Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels.
- This crucial funding round empowers Isaac Health to accelerate their mission by expanding their innovative brain health provider platform. advancing technology for improved
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Health2047-Backed HEAL Security Emerges from Stealth with $4.6M
What You Should Know:
- Health2047, the American Medical Association's venture studio dedicated to healthcare innovation, announced its investment in and launch from stealth of HEAL Security, a cognitive cybersecurity platform built specifically for the healthcare industry.
- Health2047's investment in HEAL Security underscores the urgent need for robust and specialized cybersecurity solutions within the healthcare industry. Their platform equips health systems with the necessary tools to
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