Fitbit, Inc., a provider of connected health and fitness market this week reported it sold 4.8 million connected health and fitness devices in the first quarter of 2016. The wearables company reported total revenue of $505.4 million, GAAP diluted net income per share of $0.05, non-GAAP diluted net income per share of $0.10, and adjusted EBITDA of $45.1 million, for its first quarter of 2016.Successful Launch of Fitbit Blaze and Alta Weraables 47% of the reported revenue was driven by the recent
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IBM, Bausch + Lomb Partner to Develop App for Cataract Surgeons
Global eye health company Bausch + Lomb and IBM are teaming up to develop the first of its kind iPhone and iPad app for surgeons who perform cataract surgery. The app will allow surgeons to streamline their workflow by delivering patient information and clinical insights as well as intraocular lens (IOL) options on a single, digital platform at the point of care. Pilot study testing for the new app is expected to begin in late 2016.The app will be designed to send patient data across iPhone and
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Envera Health Raises $14M for Patient Engagement Optimization
Envera Health, a hands-on partner for optimizing provider and consumer engagement, empowering health systems to deliver their best patient care has raised $14M in funding led by Harbert Venture Partners (HVP) and Noro-Moseley Partners (NMP). Founded by CEO Dan Neuwirth, Envera Health's patient engagement optimization platform combines expertise, managed services, data, technology and infrastructure that enable our partners to achieve clinical, financial and growth objectives. Envera Health has
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Hacking Medicine Institute Launches Health Apps Review Program
The Hacking Medicine Institute (HMi), a non-profit organization, has launched RANKED Health, a program to critically evaluate and rank health-focused applications and connected devices for better disease monitoring and management. Spun out of the MIT Hacking Medicine Initiative,this program will not only provide independent, unbiased and accurate information to empower providers and consumers to confidently choose new products and services for monitoring and managing specific conditions, but
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Press Ganey Acquires Patient Experience Firm Avatar
Patient experience firm Press Ganey Holdings today announced the acquisition of Avatar International Holding Company and its subsidiary Avatar International LLC, a patient experience and employee engagement company. As part of the acquisition, Press Ganey will add Avatar’s clients to its existing patient experience and caregiver engagement client base.According to the press release, the transaction, which closed on May 2, 2016, is expected to contribute revenue of $6 to $7 million in 2016 and
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Survey: Only 22% of Digital Health Users Use EHRs to Make Medical Decisions
60% of consumers who use digital health tools state they have an EHR; however, only 22% of digital health users are accessing EHRs to help make medical decisions, according to a March/April HealthMine survey. The survey of 500 insured consumers who use mobile/internet-connected health tools reveals that despite the wide-spread adoption of EHRs, 55% of users simply view them as tools to simply "stay informed."Additionally, 29% of those consumers who say they do have an EHR are not getting much
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Heritage Group Closes $220M Healthcare Innovation Fund
Backed by 15 leading national healthcare companies, Heritage Group, a Nashville-based, healthcare-exclusive, venture capital firm has announced the official closing of its latest Healthcare Innovation Fund at $220 million. The fund exceeded its original fund target by $20M and exceeded its prior Healthcare Innovation Fund by more than $50M. Founded in 1986 as a holding company for the entrepreneurial endeavors, Heritage’s unique VC model allows its strategic investors to actively engage in the
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Your.MD Launches AI-Powered Doctor Diagnosis on Facebook Messenger Via Chatbot
Your.MD, a London-based company that provides medical guidance through artificial intelligence has announced the launch of OneStop Health- a one-stop-shop in digital health to allow people to take full control of each stage of their health issues: from understanding their symptoms to finding the best treatment - all via a chatbot.Now available on Facebook Messenger and WeChat, OneStop Health empowers mobile users to find the safest and most suitable health service providers and products. The
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Quietyme Unveils Intelligent Sensor For Real-Time Noise Reduction in Hospitals
Quietyme (pronounced “quiet time”), a intelligent sensor-focused company, today announced the launch of its automated, end-to-end solution for hospital noise reduction. The intelligent sensor technology utilizes proven continuous process improvement methods to prompt real-time modifications for an improved overall patient experience. The enhanced Quietyme solution is being rolled out to all current client hospitals and will be available for all future customers beginning the end of May
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Healthix, HBI Solutions Partner to Add Real-time Predictive Analytics to HIEs
Healthix, a public health information exchange (HIE), with data of over 16 million patients, has tapped HBI Solutions to offer predictive analytics and performance analysis capabilities to its participant organizations. As part of the agreement, HBI's analytics engine will use the entire Healthix database to provide Healthix participants with a comprehensive view of their patient population. Hundreds of provider organizations across New York City and Long Island are connected to Healthix,
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