Digital health funding reached a new record of $4.2 billion across 180 deals in the first half of 2019, according to Rock Health, a full-service venture fund dedicated to digital health. The digital health sector is on track for an $8.4B year in 2019—and may even break 2018’s annual funding total. The report also validates the continued trend of the large $100M+ mega deals, attributing to 30% of venture funding in H1 2019. The 2019 Midyear Digital Health Market Update reflects a maturing digital
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Net Health Acquires Post-Acute Care EHR Provider Optima Healthcare Solutions
Net Health, a provider of cloud-based software solutions for specialized outpatient care, today announced it has acquired cloud-based post-acute care EHR provider Optima Healthcare Solutions. Optima post-acute care EHR platform supports contract therapy companies, skilled nursing and assisted living facilities, outpatient therapy clinics, home health therapy providers and hospice organizations.Acquisition Benefits for Net HealthOnce the acquisition closes, the combined company will serve
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Carenet Health Acquires Engagement, Telehealth Subsidiary of Citra Health
Carenet Health, a San Antonio, TX-based provider of healthcare engagement, clinical support, advocacy and 24/7 telehealth solutions, has acquired the engagement and telehealth solution subsidiary of Citra Health Solutions. The acquisition is the second acquisition of its kind by Carenet in a span of seven months. Financial terms of the acquisition were not disclosed.The recent acquisition complements Carenet’s ongoing commitment to delivering high-quality, cost-effective, on-demand telehealth
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Cedars-Sinai Accelerator Reveals 5th Class of 11 Digital Health Startups
Cedars-Sinai Accelerator, today announced 11 new digital health startups selected to participate in its fifth class from across the United States and Europe. From artificial intelligence to a smart brace for knee replacement patients, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges,
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AMA Grants New CPT Code for KidneyIntelX to Support Medicare & Reimbursement
The American Medical Association (AMA) has granted a CPT® Proprietary Laboratory Analyses (PLA) Code for Renayltix AI’s lead product, KidneyIntelX. The new code, 0105U, has been approved and published by the AMA CPT Editorial Panel, and is scheduled to become effective on October 1, 2019.Medicare Price for New CPT CodeA payment rate for the new code will be established for Medicare patients through the 2019 Clinical Lab Fee Schedule (CLFS) Annual Public Meeting process. Renayltix AI will shortly
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Verizon to Offers Veterans Unlimited Access to the VA’s Telehealth App Free of Charge
Verizon announced plans to offer its customers who are Veterans unlimited access to the U.S. Department of Veteran Affairs (VA) VA Video Connect telehealth app. Starting now, veterans will be able to access the application anywhere across Verizon’s nationwide 4G LTE network, without charge.
VA Video Connect Overview
VA Video Connect uses smartphone or tablet cameras to let Veterans talk and interact with their VA care team over a live, encrypted video stream. Accessing VA Video Connect
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Survey: Only 20% of Consumers Would Trust AI-Generated Advice for Healthcare
Artificial intelligence (AI) has no role in consumer healthcare, according to a recent survey commissioned by Invoca and conducted online by The Harris Poll among over 2,000 U.S. adults. The survey reveals only one in five (20%) would trust AI-generated advice for healthcare information.Consumers Prefer Humans Over AIPhone calls are the winning channel for healthcare when it comes to completing a transaction, with 32% of consumers preferring to do so over the phone compared to 30% in-person and
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NewYork-Presbyterian Launches $50M Hauser Institute for Health Innovation
NewYork-Presbyterian has announced the launch of The Hauser Institute for Health Innovation, in recognition of the visionary philanthropy of Rita E. Hauser and Gustave M. Hauser. The Hausers have given more than $50 million to NewYork-Presbyterian in support of the Hospital’s innovation programs in health information technology and telemedicine since 2011.Hausers’ Philanthropy Led to Creation of NYB OnDemandThe Hausers’ previous philanthropy efforts led to the creation of NYP OnDemand,
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Eko Unveils Investigational Aortic Stenosis (AS) Detection Algorithm
Eko, a Berkeley-based digital health company applying artificial intelligence and machine learning in the fight against heart disease unveiled an investigational Aortic Stenosis (AS) detection algorithm at the American Society of Echocardiography (ASE) 2019 Scientific Sessions aimed to assist healthcare providers in the early detection of clinically significant AS. The algorithm represents a major step forward toward Eko’s mission to empower healthcare providers with tools to more accurately
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Apple to Sell One Drop’s Blood Glucose Monitors in Select Retail Stores
One Drop, a digital blood glucose monitoring kit for diabetes management will now be available in select retail Apple stores, CNBC reports. Currently sold online in the Apple Store for $69.95, the digital diabetes kit includes a Bluetooth glucose meter, test strips, lancets (optional), and one year of free coaching from a certified diabetes coach.One Drop Blood Glucose MonitorOne Drop’s blood glucose meter ensures clinically proven accurate, reliable results in just five seconds. The meter then
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