What You Should Know:
The Israel Innovation Authority announced today a NIS 113M ($31M USD) investment for the establishment of a center that will provide research and development (R&D) infrastructure for bio-devices based on bio-chips. The investment is part of the National Bio-Convergence Program.Bio-convergence represents the integration of biology and life sciences with engineering and software technologies. The investment is directed at companies dedicated to developing key
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Affect Therapeutics Secures $16M to Expand App for Drug and Alcohol Addiction
What You Should Know:
Today, Affect Therapeutics - a McLean, VA-based company reimagining alcohol and drug addiction treatment with smartphone apps that put an integrated treatment program into the pocket of its members raises $16M in Series A funding led by ARTIS Ventures. The funding also included additional participation from previous investors AlleyCorp and CityLight, as well as new investments from LifeArc Ventures, Samsung Next, and What If Ventures. Founded in 2020, Affect
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Fold Health Lands $6M for Optimization Platform for VBC Primary Care
What You Should Know:
- Fold Health,a San Francisco, CA-based platform supporting value-based primary care raises $6M in funding from Iron Pillar and global angel investors.
- Fold partners with leading value-based primary care groups, ACOs, health systems, health plans and digital health companies, to 10x the reach and effectiveness of collaborative care teams in their mission to radically improve outcomes.
Supercharge Primary Care
Despite the rapid shift to value-based
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Sequoia Project, AHIMA Launches Data Usability Initiative
What You Should Know:
The Sequoia Project and AHIMA, today announced the launch of a new initiative called Data Usability Taking Root to make health data more useful. 11 organizations have already committed to participating in the group and implementing and improving the best practices for data usability created over three years by 260+ Sequoia members. The organizations that have committed to implementing data usability include Azuba, Civitas Networks for Health, Epic, Foothold
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Verily & L’Oreal Launches Diverse Skin and Hair Health Registry
What You Should Know:
Today, Verily and L’Oreal announced the launch of a multi-year study, My Skin & Hair Journey, to advance precision skin and hair health. This is part of the two companies' multi-year partnership and research collaboration. The My Skin & Hair Journey registry will enroll thousands of self-identifying U.S. women to develop an unprecedented body of knowledge about perceptions and experiences of skin and hair health, including the role of lifestyle,
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Verifiable Lands $27M to Automate Healthcare Provider Credentialing
What You Should Know:
Verifiable, an API-first innovator to the antiquated provider network management software category, has raised $27 million in Series B funding led by Craft Ventures to accelerate its next stage of growth and product innovation. Verifiable’s comprehensive suite of network management solutions and real-time verifications empowers healthcare organizations to expedite credentialing from multiple weeks to a matter of days. For customers, these efficiency gains can
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Allegheny Health Network to Support Israeli Health Startups with Israel Innovation Authority Partnership
What You Should Know:
Allegheny Health Network (AHN) and the Israel Innovation Authority sign a memorandum of understanding (MOU) to establish a formal affiliation between AHN’s Research Institute and the Innovation Authority to support Israeli healthcare startups. The strategic alliance will provide Israel Innovation Authority with access to AHN facilities for pilot projects, advanced technology support, and other forms of program assistance.
Pilot Program to Support Israeli Medical
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Q/A: Cox Exec Talks Impact of Leveraging Smart Hospital Technology
We recently spoke with George Valentine, Assistant Vice President of New Growth and Development at Cox Communications for his insights on the impact of leveraging smart hospital technology to power smart communities.
How can IoT be leveraged to streamline traditionally siloed hospital processes and provide higher-level operational insight for the C-suite?
George Valentine, AVP of New Growth and Development at Cox Communications: Automation and process improvement are just two of the
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M&A: ResMed Acquires Somnoware to Expand Sleep Management Offerings
What You Should Know:
ResMed, the #1 global producer of CPAP machines and masks to treat sleep apnea acquires Somnoware, a U.S. leader in sleep and respiratory care diagnostics software. Financial details of the acquisition were not disclosed. Somnoware software streamlines the processes of physicians and sleep labs for diagnosing and evaluating a patient’s sleep and respiratory care test results, ordering treatment equipment, setting up appointments, tracking therapy compliance,
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Volume and Cost of Clinical Lab Tests Expected to Rise in 2023
What You Should Know:
According to a new report on lab trends, the overall number of routine lab tests declined from 2021 to 2022, largely due to a reduction in COVID-19 tests. However, the number of non-COVID tests rose during the same period and is expected to continue to grow, along with overall spending on tests.The 2023 Lab Trend Report comes from Avalon Healthcare Solutions, a Lab Insights company that provides an annual evaluation of the status of U.S. clinical lab testing and an
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