The global healthcare wearable devices market earned $5.1 billion and is expected to reach $18.9 billion in 2020, at a compound annual growth rate (CAGR) of 29.9%, according to new analysis from Frost & Sullivan. Additionally, consumer health wearables are expected to grow at a CAGR of 27.8%, and medical and clinical-grade wearables are expected to grow at a CAGR of 32.9%.The report finds wearables dedicated to chronic disease monitoring and other clinical applications are expected to
Read More
Clover Health Lands $160M for Data-Driven Health Insurance Service
Clover Health, a data-driven focused insurance service provider has raised $160 million in new funding led by Greenoaks Capital with existing investors Arena Ventures, First Round Capital, Sequoia Capital, Social Capital and Wildcat Ventures. The latest round also included new investors AME Cloud Ventures, Casdin Capital, Floodgate, Nexus Ventures, Refactor Capital, and Spark Capital. This brings Clover Health’s total funding to $285M. Founded in 2012 and based in San Francisco, Clover Health’s
Read More
SAP Purchases $18M Worth of Stock into Castlight Health
SAP has purchased purchased 4.76 million shares of newly issued Class B common stock in Castlight Health, a leading health benefits platform provider. The purchase results in SAP holding 4.7% post-issuance of the currently-outstanding common shares of Castlight, at a price per share of $3.77, for approximately $18 million in cash. SAP also received a warrant in connection with its stock purchase, under which SAP has the right to purchase an additional 1.9 million shares of Castlight Health Class
Read More
Accenture Intelligent Patient Platform Integrates with Salesforce Health Cloud
Accenture has teamed up with Salesforce to integrate its Accenture Intelligent Patient Platform with Salesforce Health Cloud, giving life science and healthcare providers the ability to deliver a personalized patient experience. The Salesforce Health Cloud integration gives life sciences companies and healthcare providers the ability to support more informed patient decisions, help increase patient engagement across their caregiver networks, and more efficiently manage patient data.The Accenture
Read More
EHR Hosting Vendor ITelagen Acquires Acquires Competitor Planet Logic
ITelagen, an IT Support and Hosting service for healthcare providers and practices, announced today that they will be acquiring Planet Logic, a Newton, New Jersey based healthcare cloud hosting company. Financial terms of the acquisition were not disclosed and it is expected to close on May 31, 2016. The acquisition complements ITelagen 's IT and EHR Support and Hosting Services with Planet Logic's custom healthcare solutions. The union of these organizations will allow for an acceleration of
Read More
Philips Lands 8 Year, $36M Deal with MUSC Health to Transform Patient Monitoring
Today, Philips announced an eight-year, $36 million dollar deal with the Medical University of South Carolina (MUSC) Health to transform and improve its patient monitoring system. Through an enterprise managed services model, Philips will install, integrate, and manage patient monitoring systems (including consumables) and software, as well as providing maintenance, training, and consulting services within a structured monthly payment model. The deal makes MUSC the fifth long-term, strategic
Read More
Accenture: Top 5 Digital Health Trends Show the Power of People
Every year, the Technology Vision team partners with Accenture Research to pinpoint the emerging IT developments that will have the greatest impact on companies, government agencies and other organizations in the next three to five years.The research process began during 2015 with gathering inputs from the Technology Vision External Advisory Board, a group comprising more than two dozen experienced individuals from the public and private sectors, academia, venture capital and entrepreneurial
Read More
Johnson & Johnson, HP Partner to Create 3D Printing Solutions for Personalized Care
Johnson & Johnson and HP Inc. has announced a collaboration to use 3D printing technologies to create better health care outcomes at reduced costs. Together, both companies plan to combine their scientific, clinical, material science and technological expertise, and deep insights to develop products and solutions which can be manufactured quickly and customized to the needs of an individual patient or consumer. Collaboration DetailsThe collaboration will focus on personalization of
Read More
PokitDok Unveils 3 New Pharmacy APIs for Real-Time Digital Access
Healthcare API platform startup PokitDok has unveiled a new suite of pharmacy APIs to bring quick data access prior to writing prescriptions and sending patients to pick them up. Starting today, physicians, EMRs and other digital innovators can have a consolidated view of patient prescription plans, qualified formularies, in-network pharmacies, and related financial information.Lack of Real-Time IntegrationWhile hospitals and medical practices maintain EHRs to house patient health history, the
Read More
SAP, Dell, Intel Team Up to Deliver Personalized Care through Actionable Insights.
This week during SAP Sapphire NOW, Dell has announce an optimized architecture for SAP Foundation for Health, which is built in collaboration with Intel and SAP. The collaboration will offer a clear path to analytics value and personalized medicine for organizations in health, life science, and other industries.With patient care, first time accuracy, speed and reliability as top requirements in the medical field, this architecture enables healthcare organizations to analyze large amounts of
Read More
