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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Kaiser Permanente Ventures Pumps $10M into Vidyo for Telehealth
Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente has invested $10 million in high quality visual communications Vidyo for telehealth and video collaboration. The Vidyo funding round also includes $5M from existing investors, for a total of $15M follow-on round of funding. The company will use the funds to accelerate growth in vertical markets.
The VidyoWorks platform has a FIPS 140-2 certified crypto-kernel, providing HIPAA-compliant encryption, and a rich
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Rock Health Releases 2015 Digital Health Funding: 11 Trends to Know
Rock Health, provider of full-service funding to promising entrepreneurs breaking into healthcare has released their Digital Health Funding: Year in Review 2015 Report, an in-depth analysis report of all digital health funding in 2015. The report found digital health funding in 2015 surpassed $4.3B, up from $4.1B in 2014. This represents 278 deals across 248 companies, closing with a new record average deal size of $15.6M.
The report produced by Halle Tecco, Mara Perman, Teresa Wang, Emily
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Edumedics Raises $4.2M to Expand Care Management Platform
Louisville, KY-based care management company Edumedics has raised $4.2 million in Series A financing led by Lunsford Capital. The round was joined by Chicago-based OCA Ventures and syndicate of angel investors and seed funds. Among them: Entrepreneur and Chrysalis Ventures Co-founder Doug Cobb, Enterprise Angels Fund, and 13 individuals geographically dispersed from Chicago to Florida.
The funding will be used to expand to other states from its core populations in Kentucky and
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The Top 9 Most In-Demand Medical Jobs
Anyone who is looking for job security in the coming years has to look no further than the medical field. As the American population lives longer and the Baby Boomer generation ages the need for medical treatments and disease prevention is growing. The healthcare industry has been a huge economic driver in recent years, and this year hospital jobs grew more rapidly than any other time since 1991.
Another important caveat is the fact that now 89% of people in the U.S. have health insurance.
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Illumina Accelerator Unveils Third Cycle of Genomics Startups
Illumina Accelerator, a business accelerator focused solely on creating an innovation ecosystem for the genomics industry—has selected four new investments from its third funding cycle.
During the six-month Accelerator funding cycle, each startup will gain access to business guidance and fully operational lab space in the San Francisco Bay Area, as well as seed investment, a subscription to Illumina’s NextBio translational genomics database, Illumina’s Genologics Clarity LIMS software, access
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