Digital health technology company WellDoc today announced $22 million in Series B funding led by Samsung Ventures and Merck Global Health Innovation (GHI) Fund serving as co-lead. Other participants in the round include Adage Capital Management, Excel Venture Management, Alexandria Venture Investments and Hudson River Capital Partners LLC.
Welldoc plans to utilize the funding to continue commercialization and accelerate adoption of its flagship product, BlueStar, a FDA cleared mobile
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Chilmark: Connected Health Market Bright, Yet Remains Immature
The US healthcare system’s shift towards value-based care has ignited an interest in new models of virtual, connected healthcare. As defined by Chilmark Research in their latest report, Migration to Connected Health: Opportunities and Challenges in Remote Patient Monitoring (RPM), ‘Connected Health’ is the application of technology to connect and extend healthcare delivery system (people, tools, facilities, and so on) in an ongoing, virtual, semi-automated manner across a patient
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Sytrue, HighFive Partner to Optimize Medication Reconciliation for Providers
SyTrue, Inc., a healthcare data-refinement company, that specializes in natural language processing (NLP) solutions used to translate unstructured medical data into useable clinical information, announced today, a partnership with HighFive, who provides community wide medication management solutions.
Partnership Details
Leveraging SyTrue’s NLP OS™ and Semantic terminology server, HighFive has normalized medication data from free text as well as disparate systems into usable interoperable data
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TeleHealth Services, UbiCare To Engage Patients Throughout Care Continuum
TeleHealth Services and UbiCare are teaming up to provide a unique, proven patient education and engagement solution for hospitals, healthcare systems, clinics and ambulatory centers. Through their proprietary technologies, the companies are able to fully engage patients throughout the care continuum with timely, episode-specific messages sent directly to their personal devices. Patients will receive evidence-based reliable health information from their trusted care provider pushed to them no
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CMS Awards Startup Amino Access to Physician-Level Medicare Claims Data
Amino, a digital health startup connecting people to doctors, today announced that it has achieved Qualified Entity (QE) Status under the Centers for Medicare & Medicaid Services’ (CMS) data sharing program and will be the first for-profit company to receive a complete set of national, physician-level claims data from Medicare parts A, B, and D.
These CMS claims will be added to Amino’s expanding database – already more than 5 billion health care interactions representing 188 million
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49% of Consumers Prefer Doctors to Use Their Health Apps Data for Care
Expectations that smartphones and apps will change how people manage their health have risen to 69%, according to recent results of Apigee Institute’s 2015 Digital Impact Survey. Since Apigee’s first Digital Impact Survey in 2013, more than 42 million additional Americans now report that smartphones and apps have changed the way they manage their health and wellness, representing a 70 percent increase in adoption.
According to the survey, 60 percent of adult smartphone owners in the U.S. -
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Pharma Deals Vital to Offsetting $2.5B Drug Development Cost
With the average cost of getting a novel drug to market at almost $2.5 billion, and few products achieving blockbuster status, deal-making is becoming increasingly vital for pharmaceutical companies to offset rising Research and Development (R&D) costs, says business intelligence provider GBI Research.
The company’s latest CBR Pharma report* states that pharmaceutical companies are considering various strategies to overcome the current challenges, which also include shifts in patent laws
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FDA Launches precisionFDA, Platform for Genomic Sequencing Data
Today, the FDA announced the beta release of precisionFDA, a community platform for NGS assay evaluation and regulatory science exploration. The online , cloud-based, portal will allow scientists from industry, academia, government and other partners to come together to foster innovation and develop the science behind a method of “reading” DNA known as next-generation sequencing (or NGS). precisionFDA is the FDA’s answer to its role under the White House’s Precision Medicine
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Federal Court Denies Texas Medical Board Motion to Dismiss Teladoc Lawsuit
On Monday, December 14, Judge Robert Pitman, U.S. District Court for the Western District of Texas, denied the Texas Medical Board’s (TMB) motion to dismiss a federal lawsuit filed by telehealth provider Teladoc. The decision marks the seventh occasion in the last four years that various Texas courts have sided with Teladoc against the Texas Medical Board’s repeated attempts to limit access to affordable, quality health care in the state.
In May, Judge Pitman blocked a TMB rule that would
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Report: Value-based Care Driving Remote Patient Monitoring Adoption
The healthcare industry's transition to value-based care and the regulatory penalties associated with readmissions are driving the adoption of remote patient monitoring. According to a recent report from Frost & Sullivan, remote patient monitoring is increasingly becoming a critical tool to support the new value-based care environment. As a result, the remote patient monitoring market is expected to grow at a rate of 13.2 percent through 2020.
Defining Remote Patient Monitoring
Remote
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