What You Should Know:
- The digital health industry is showing signs of strength despite recent economic uncertainties, according to Rock Health’s latest H1 report.
- U.S. digital health startups raised a significant amount in the first half of 2024 ($5.7B), with the potential to exceed full-year totals from 2019 and 2023. This growth is fueled by strong Series A activity, with a median deal size of $15M, indicating larger investments for early-stage companies.
Here's a breakdown
Read More
Digital Health | News, Analysis, Insights - HIT Consultant
Why Precision Medicine Demands a Completely New Type of Database
Precision medicine is revolutionizing healthcare - by optimizing the efficiency and therapeutic benefit for particular groups of patients, especially by using genetic or molecular profiling. This approach enables a range of health disciplines, including disease prediction, prevention and the resulting treatments, diagnostic screening for prenatal and newborns, and screening for rare diseases and cancer types. For life sciences, the ability to peer into high-resolution molecular profiles has
Read More
Teladoc Health Announces Executive Leadership Change
What You Should Know:
- Teladoc Health, Inc. has announced a significant change in its executive leadership structure. Laizer Kornwasser, President of Enterprise Growth and Global Markets, has been terminated without cause as part of a reorganization of the company’s executive reporting structure. This change will take effect on July 1, 2024.
- Mr. Kornwasser, who has been with Teladoc since October 24, 2022, will remain with the company in an advisory capacity to the Chief Executive
Read More
The Crucial Role of Patient-Level Data in Elevating Healthcare Outcomes
In today's healthcare landscape, patients are more informed than ever before, thanks to easy access to online resources and a growing focus on patient education. This shift has transformed how healthcare is communicated, fostering a new era of personalized care and stronger connections in the industry. Taking center stage amidst such advancements is patient-level data that is being increasingly leveraged for enhanced care quality and strengthened patient-provider
Read More
AI Nurses: The Solution to the Nursing Shortage and Beyond
The healthcare sector is rapidly adopting AI to help improve disease detection and patient care along with delivering efficiency gains. The technology’s potential is fueling an array of investments and innovations in everything from cancer diagnosis to AI nurses. With respect to AI nurses, many believe this application is the only way to ease the industry's staffing shortages.
With the nursing labor gap expected to exceed 10 million by 2030, coupled with the imperative to improve
Read More
Walmart Seeks Buyers for Shuttered Health Clinics After Failed Expansion
What You Should Know:
- Retail giant Walmart is reportedly shopping around a potential sale of its recently closed health centers, according to a recent Fortune report citing unnamed sources.
- The news comes just a few months after Walmart announced the closure of all 51 of its health clinics in late April.
Financial Losses Prompt Sale
The report claims Walmart has held talks with health insurance companies, including Humana, with the goal of recouping some of the
Read More
AI Ushers in New Era of Global Healthcare Equity and Efficiency
What You Should Know:
- The global healthcare landscape is undergoing a transformative shift. Digital innovation, particularly the integration of Artificial Intelligence (AI), is emerging as a powerful tool to improve access, quality, and affordability of healthcare worldwide.
- A recent white paper by the World Economic Forum, in collaboration with leading organizations, highlights the exciting potential of AI in social innovation, specifically within healthcare. The report
Read More
Could Amazon or Google Hold the Key to the Future of Public Health Diagnostics?
Anyone who works in medical technology knows that the industry is currently focused obsessively on two prime targets – maximizing the availability of self-testing and playing its part in the common goal of achieving net zero. To those can now be added a third priority – attempting to find a way to make those twin targets mutually achievable rather than, what seems increasingly to be the case, of them canceling each other out. In the evolving landscape of MedTech, biotech, and life sciences, the
Read More
Prescribe FIT Scores $4.8M to Expand Remote Patient Monitoring for Orthopedic Care
What You Should Know:
- Prescribe FIT, a leader in remote patient monitoring (RPM) and virtual lifestyle coaching for musculoskeletal health secures $4.8M in Series A funding. The funding round includes investments from prominent figures in the healthcare and business sectors, including Jim Grote, Tamarind Hill, JobsOhio Growth Capital, seasoned executives, and orthopedic surgeons.
- The investment will fuel the company's mission to improve patient outcomes and well-being
Read More
Former Outcome Health Execs Sentenced in $1B Fraud Scheme
What You Should Know:
- Three former executives of Outcome Health, a Chicago-based health tech startup, were sentenced for their roles in a massive fraud scheme that defrauded clients, lenders, and investors of an estimated $1B.
- The case was investigated by the FBI and FDIC-OIG with assistance from the U.S. Securities and Exchange Commission. The prosecution was handled by the Department of Justice's Criminal Division's Fraud Section and the U.S. Attorney's Office for the Northern
Read More
