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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Welltok, HealthFitness Partner to Power Health Management Program Delivery
Consumer health management platform Welltok and HealthFitness, a provider of health management and corporate fitness solutions are collaborating on a multi-year strategy to bring an enhanced platform to HealthFitness’ clients and their program participants. The mutually beneficial partnership enables both companies to create more value for clients by integrating complementary capabilities to engage more individuals in sustainable healthy behaviors.
Partnership Details
As part of the
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Medtronic, Samsung Expand Alliance to Develop Solutions for Neuromodulation Patients
Medtronic, the global leader in medical technology and Samsung today announced a broad-based strategic alliance to accelerate the development of digital health solutions for the millions of people suffering from chronic pain, movement disorders, incontinence, and other conditions who could benefit from neuromodulation therapy.
The alliance will leverage Samsung's deep understanding of consumer technology and mobility to develop advanced tools, based on the Android operating system,
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Ascension Pumps $200M in Accretive Health: 6 Things to Know
Accretive Health and Ascension, faith-based healthcare organization have announced a long-term strategic partnership to renew, revise and expand their existing services agreement for a 10-year term. As part of the agreement, Ascension will serve as Accretive Health's sole revenue cycle provider to cover all of Ascension’s net patient revenue (NPR).
In addition, a newly formed investment vehicle owned by Ascension and TowerBrook Capital Partners has entered into a definitive agreement under
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