The costs for drug discovery and development are skyrocketing, but AI (artificial intelligence) is introducing new efficiencies to help find effective treatments faster.
A study in 2020 concluded that the estimated median capitalized research and development cost per product was $985 million. Contributing factors to this included larger trial sizes, the need to assess health technology, the requirement to provide data on comparative drugs’ effectiveness, and most
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Digital Health | News, Analysis, Insights - HIT Consultant
Elion Raises $3M to Expand Digital Health Marketplace
What You Should Know:
- Elion, a San Francisco-based independent digital health technology marketplace company, today announced it has raised $3.3M in seed funding from leading digital health investors NEA, Max Ventures, 8VC, AlleyCorp, Charge Ventures and Floating Point, with additional participation from a broad set of healthcare founders and angels.
- In addition to the round of funding, Elion has released its beta product to the public. The company plans to use the funding to
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ObvioHealth & Oracle Collaborate to Seamlessly Integrate Diverse Data Sets Into Decentralized Clinical Trials in APAC
What You Should Know:
- Today, ObvioHealth and Oracle have announced a partnership to enable the rapid collection, integration and analysis of this complex data to get breakthrough therapies to market faster and cheaper within the APAC region. This partnership will integrate ObvioGo, ObvioHealth’s next generation decentralized clinical trial (DCT) platform and mobile app, and Oracle Clinical One Cloud Service, facilitating pharma-grade analytics and reporting that can
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Resilience Lab Joins Aetna In-Network for Mental Health
What You Should Know:
- Resilience Lab, a mental health provider enabling communities of clinicians to improve outcomes and access announced that it has joined Aetna as an in-network mental healthcare provider.
- Resilience now has in-network partnerships with three of the nation’s largest health insurance carriers, including Aetnea, United Healthcare and Humana, allowing them to serve more than 50 million Americans across five northeast states.
- This expansion is a key part of
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COTA Secures New Financing to Accelerate Cancer Research and Treatment Innovation
What You Should Know:
- COTA, Inc., an oncology real-world data and analytics company, announced its latest financing by an investment fund managed by Deerfield Management and additional capital from existing investors.
- The company will use this new funding to further expand its real-world data platform and services in order to drive more efficient and inclusive drug development in oncology.
- Perella Weinberg Partners LP served as exclusive financial advisor and Goodwin Procter
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Teladoc Health Appoints Laizer Kornwasser as President, Enterprise Growth & Global Markets
What You Should Know:
- Teladoc Health announced that is has named Laizer Kornwasser as President, Enterprise Growth & Global Markets, effective October 24, 2022. As President, Laizer will be focused on further unlocking the revenue and growth potential of the company and optimizing performance across Teladoc’s four market channels: US Group Health, International, Hospitals and Health Systems, and BetterHelp.
- Kornwasser joins Teladoc Health from CareCentrix, where he served
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When Advancing a Medical Device, Be A Partner First & Seller Second to Hospital Systems
US hospital systems validate the safety, clinical utility, and robustness of newly FDA-approved devices, 510(k) cleared, before adopting them into clinical practice. This work occurs alongside evaluating how to integrate the medical device into the hospital system’s diagnostic paradigms, including in relation to quality improvement programs. Companies can have a role but there are 415 US hospital systems (comprising ~5,000 hospitals), and each has a bespoke process and ever-changing set of
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Headway Expands to California for In-Network Mental Healthcare
What You Should Know:
- Headway, a tech-enabled company that has built the easiest way for people to get quality in-network mental health care, announced it is available in California.
- Headway patients can attend a virtual or in-person appointment in as little as 48 hours, and on average patients attend their first appointment less than 6 days after online booking; this is compared to the national average of two to three weeks, if not months.
Mental Health Crisis in
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Bain Capital PE Makes Strategic Investment in CitiusTech
What You Should Know:
- CitiusTech, a leading provider of technology and consulting services to healthcare and life sciences companies, today announced a strategic growth investment from Bain Capital Private Equity (“Bain Capital”).
- Bain Capital joins Baring Private Equity Asia (“BPEA”), which acquired a majority stake in CitiusTech in 2019, as a significant shareholder to accelerate the Company’s growth. Financial terms of the private transaction were not disclosed.
Technology-Driven
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Mayo Clinic Proceedings Launches Expansion Journal Focused on Digital Health
What You Should Know:
- Mayo Clinic will launch a new Mayo Clinic Proceedings expansion journal on digital health, with the first issue to be published in early 2023. Articles will be published ahead of issue as they are accepted.
- The journal, Mayo Clinic Proceedings: Digital Health, will focus on the digital transformation that is reshaping healthcare. It will join Mayo Clinic Proceedings: Innovations, Quality & Outcomes, an open-access journal edited by Taimur
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