CVS Health today announced the official opening of its Digital Innovation Lab in Boston, a facility that is focused on developing cutting-edge digital services and personalized capabilities that offer an accessible and integrated personal pharmacy and health experience. The Lab will serve as a vital hub for the rapidly growing digital team at CVS Health, which will remain headquartered in Woonsocket, R.I.
"At CVS Health, everything we do is to help people on their path to better health, and
Read More
Hill-Rom to Acquire Welch Allyn for $2.05B
Hill-Rom, a provider of hospital equipment, medical devices and surgical products, will acquire Welch Allyn for approximately $2.05 billion in cash and stock. Under the terms of the agreement, Welch Allyn shareholders will receive $1.625 billion in cash and approximately 8.1 million newly-issued shares of Hill-Rom common stock. After the acquisition is closed, which is slated before the end of September 2015, Welch Allyn shareholders will own approximately 13 percent of the combined
Read More
Tute Genomics Raises $3.9M to Enable Genome-guided Medicine
Tute Genomics, a cloud-based platform that can rapidly analyze and annotate personal genomes has raised over $3.9 million in Series A funding from a strategic group of investors, including internationally recognized Intermountain Healthcare, an integrated network of 22 hospitals and 185 physician clinics. Other major investors include Healthbox, a platform for innovation and entrepreneurship in healthcare, and China-based Tencent, one of the largest Internet companies in the world.
Tute
Read More
Hospital To Pilot First-Ever Patient Tablet App for Enhanced Recovery After Surgery
Montreal-based McGill University Health Centre’s (MUHC) Steinberg-Bernstein Centre for Minimally Invasive Surgery has partnered with SeamlessMD, a company which provides a cloud-based patient engagement solution for surgery, to perform the first-ever study of a patient tablet app for Enhanced Recovery After Surgery (ERAS). Funded by the Society of American Gastrointestinal and Endoscopic Surgeons (SAGES), the study will determine whether a patient tablet app can improve patient adherence to ERAS
Read More
Wellstar Breaks Off Merger Negotiations with Emory
Wellstar Health System announced it has ended merger negotiations with Emory Healthcare, Atlanta Business Chronicle reports. The proposed merger failed to fit into Wellstar’s “new strategic direction," according to Gary Miller, chairman of the system's board of trustees.
"WellStar has declined to enter the next stage of discussions with Emory University,” Miller said. “We respect Emory University as a leading, international academic medical center. WellStar will accelerate multiple horizontal
Read More
Walgreens Plans to Expand Telehealth Platform to 25 States
Walgreens, in collaboration with telehealth platform provider MDLIVE, today announced an expansion of its telehealth platform to users in Colorado, Illinois and Washington. Additionally, the company announced users can now access the platform via the Walgreens website on desktop and tablet devices, in states where the service is currently offered.
Walgreens and MDLIVE first launched the platform last December through the Walgreens mobile application in California and Michigan. The
Read More
55% of Millennials Would Trust A Health App Over Health Professionals
Fifty-five percent of millennials who live with diabetes stated they would trust a health app over a health professional for advice. The same number stated they are connecting with their doctors more frequently because of health apps, according to Telcare's first National Diabetes Awareness Index. The mobile diabetes management provider developed the Index to measure consumer awareness about diabetes and attitudes towards the use of technology in healthcare.
The index findings reflect a
Read More
New Bill Proposes 2 Year ICD-10 Grace Period
A new bill introduced into the US House of Representatives introduced by Rep. Gary Palmer (R-AL-6) on June 4 proposes a two-year “grace period” for accepting codes submitted in ICD-10-CM/PCS. The bill, H.R. 2652, Protecting Patients and Physicians Against Coding Act of 2015, would establish a two-year ICD-10 grace period during which physicians and other health care providers submitting claims and other documents using ICD–10 are not penalized for errors, mistakes, and malfunctions relating to
Read More
Former Facebook CFO Launches Digital Health Company Lyra Health
Former Facebook and Genentech CFO David Ebersman along with experienced group of tech leaders, clinicians, data scientists, and health care policy experts has announced the launch of a new new behavioral digital health startup called Lyra Health. Backed by venture capital firm Venrock, Lyra Health will have a singular focus on transforming behavioral health, enabling more patients to get the care they need, when they need it.
Approximately 50 million Americans suffer from behavioral health
Read More
Careport Health Raises $3.8M to Optimize Post-Acute Care
Careport Health, a technology company that helps health systems better manage their post-acute care networks has raised $3.8M in funding to accelerate growth. The round was led by Baseline Ventures, with participation from CommonAngels Ventures, Excelerate Health Ventures, Generator Ventures, Launch Capital, 500 Startups and Andy Palmer.
Eliminating the Information Gap
After witnessing the challenges of finding post-hospital care, Dr. Lissy Hu, a Harvard Medical School and Harvard Business
Read More
