Vericred, an NYC-based data services platform powering the digital distribution of health insurance and employee benefits, announced today a Medicare Advantage rating API enabling InsurTech and digital health companies to build innovative solutions that serve the fast-growing Medicare-eligible population.Growth of Medicare Advantage PlansMedicare Advantage – also known as Medicare Part C – is a program in which individuals who qualify for Medicare enroll in certified health plans offered by
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5 Opportunities to Increase Electronic Exchange of Medical Documentation
Today, 84 percent of “attachments” sharing medical information between providers and health plans are exchanged through mail or fax, resulting in administrative inefficiency and delays in patient care, according to a new white paper released by CAQH CORE. The white paper, “CAQH CORE Report on Attachments: A Bridge to a Fully Automated Future to Share Medical Documentation“ highlights challenges associated with the exchange of medical information and supplemental documentation used for healthcare
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Pfizer, McKesson, Others Join MediLedger’s Blockchain Project Working Group
Leading life sciences and healthcare companies Pfizer Inc., McKesson Corporation, AmerisourceBergen Corporation, and Premier Inc. have joined the MediLedger Project Contracting and Chargebacks working group, a second working group running in parallel to the ongoing DSCSA working group started in 2017. MediLedger is an initiative of Chronicled, Inc., a San Francisco-based technology company, that builds blockchain-powered ecosystems and supply chain solutions.Network VisionMediLedger uses
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Telepsychiatry Improves Access to Mental Healthcare in Rural Areas, Study Finds
A new study by Genoa Healthcare and Relias found that combining telepsychiatry with in-person visits improved the timeliness of care and increased the number of regular psychiatric appointments for people with severe mental illness in non-metropolitan areas where provider resources tend to be scarce. Study Key FindingsRecently published in the American Psychological Association’s Journal of Rural Mental Health, the peer-reviewed study analyzed data from 242 Medicaid patients in rural Missouri
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FDA Grants Breakthrough Designation to RenalytixAI for AI-Enabled Diagnostic for Kidney Disease
RenalytixAI, a developer of artificial intelligence-enabled clinical diagnostics for kidney disease, today announced that it has been granted Breakthrough Device designation by the U.S. Food and Drug Administration (FDA), for its lead diagnostic, KidneyIntelX™. This is the first such designation for an AI-enabled diagnostic for kidney disease publicly announced by any company.FDA Breakthrough Devices Program OverviewThe FDA’s Breakthrough Devices Program is a voluntary program for certain
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Consumer Awareness of Personalized Medicine Has Only Grown by 1% YoY Since 2013
Consumer awareness of personalized medicine is up 4% from 2018, according to a new report from Dosis, an AI-powered personalized dosing platform. The 2019 Dosis Personalized and Digital Medicine Consumer Report surveyed more than 1,000 consumers, weighted for the U.S. population, to gain a better understanding of how big the disconnect is between the advances in personalized medicine approaches and general consumer awareness of its benefits.Consumer Awareness of Personalized Medicine Continues
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Misonix Acquires Regenerative Wound Healing Product Theraskin for $97M
Misonix, Inc., a provider
of minimally invasive therapeutic ultrasonic medical devices announced it has
entered into a definitive agreement to acquire
Solsys Medical, LLC, a privately
held regenerative medical company in an all-stock transaction valued at
approximately $97 million. The acquisition of Solsys substantially broadens
Misonix’s addressable market through wound care solutions that are complementary
to its existing products.
Theraskin:
Real Skin from One Human to Another
Solsys
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Amgen, Syapse Partner to Develop Observational Research Analytics for Precision Oncology
Amgen, a world leader in biotechnology, and Syapse, a company powering precision medicine insights through its global provider network, today announced a precision medicine collaboration in oncology. Under the terms of the collaboration, Amgen and Syapse will develop observational research analytics to assess treatment outcomes for areas of unmet need in oncology.Generates Insights from Real-World Evidence for Potential Use in Regulatory FilingsThis effort will identify existing patients within
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CirrusMD Lands $15M to Fuel Adoption of Chat-First Virtual Care Solution
CirrusMD, a Denver, CO-based chat-first virtual care solution, today announced that it has raised $15 million in Series B funding led by Drive Capital, Colorado Impact Fund and other prior investors, bringing total funding to-date to $26 million. The company also announced a new contract with Iron Bow as a subcontractor to the United States Department of Veteran Affairs (VA) for improved care access and delivery for the veteran community.
Care Without Barriers
Founded in 2012 by Blake
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Fitbit Health Solutions Business Grew 70%, $30.5M in Revenue in Q1 2019
Fitbit today released its Q1 2019 earnings reporting revenue of $272 million, GAAP net loss per share of $(0.31), non-GAAP net loss per share of $(0.15), GAAP net loss of $(79) million, non-GAAP net loss of $(38) million, cash flow from operations of $(68) million and free cash flow of $(74) million.Q1 2019 Fitbit Health Solutions EarningsFitbit Health Solutions business grew 70% YOY with revenue of $30.5M, which was an important contributing factor to the company’s positive momentum overall in
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