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Digital Health | News, Analysis, Insights - HIT Consultant

Everlywell Secures $175M to Expand Position in At-Home Testing Market

by Jasmine Pennic 12/03/2020 Leave a Comment

Everlywell Announces $175 Million Financing to Expand Consumer Lab Testing and Digital Health Offerings

What You Should Know: - Everlywell secures $175M in Series D funding to expand its virtual care offerings, scale its testing and infrastructure, drive clinical research and disease management through testing, and grow its national leadership position in the at-home testing market. - Since launching in 2016, more than one million people have used Everlywell's tests and digital platform to manage their health and wellness. As more people turn toward digital platforms for their health
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Israeli Digital Health VC Firm OTV Closes $170M Venture Fund

by Fred Pennic 12/03/2020 Leave a Comment

Israeli Digital Health VC Firm OTV Closes $170M Venture Fund

What You Should Know: - OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm closes $170 million venture fund to support innovative digital health companies worldwide. - OTV also announced today a new China office and the appointment of Jose Antonio Urrutia Rivas as Head of Asia Pacific. OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm, today announced the closing of a fund with a total value of
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Northwell Health Offers COVID-19 Screening Chat for NY Schools and Employers

by Jasmine Pennic 12/03/2020 Leave a Comment

Northwell Health Offers COVID-19 Screening Chat for NY Schools and Employers

What You Should Know: - Northwell Health announced that its Northwell Direct unit, which works with large employers, will be offering Conversa HealthCheck to screen employees, customers, students, and visitors. - HealthCheck is a quick, chat-based electronic screening for symptoms and signs of exposure to COVID-19. If cleared, users receive a digital "badge" that allows entry to a facility. If not cleared, they are given additional information on staying home and steps for testing
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M&A: Olive Acquires AI Prior Authorization Company Verata Health

by Fred Pennic 12/03/2020 Leave a Comment

Olive Acquires AI Prior Authorization Company Verata Health

What You Should Know: - On the heels of $225.5 million dollars in funding and a $1.5B valuation this week, Olive today announced its acquisition of Verata Health to create a combined AI prior authorization solution for providers and payers under the Olive name. - Prior authorization is a $31 billion dollar issue in healthcare, and one of the top reasons patient care is delayed. Olive is now able to reduce write-offs by over 40% and cut turnaround times for prior authorizations by up to
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Brigham, Biofourmis Co-Develops Tech Solution to Enable Home Hospital Care

by Jasmine Pennic 12/03/2020 Leave a Comment

Brigham, Biofourmis Co-Develops Tech Solution to Enable Home Hospital Care

What You Should Know: - Brigham is working with Biofourmis on a national rollout of their co-developed technology solution, which has been refined and scaled for use by other healthcare systems across the country seeking to establish and execute similar home hospital programs to alleviate COVID-related capacity issues and to receive 1:1 parity on payments from CMS. - The Hospital@HomeTM platform provides a turnkey, end-to-end ecosystem for any health system that wants to quickly launch
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AHRQ and Google Pilot New Tool to Help Patients Plan for Medical Visits

by Fred Pennic 12/02/2020 Leave a Comment

AHRQ and Google Pilot New Tool to Help Patients Plan for Medical Visits

What You Should Know: - Built-in collaboration with the Agency for Healthcare Research and Quality (AHRQ), Google is piloting a new tool to help patients plan for medical visits. - The new Google visit planning tool makes it easy for patients and those who care for them to privately list and prioritize their questions in preparation for a medical visit. - The suggested questions, developed by AHRQ as part of its “Questions are the Answer” initiative, is designed to get people thinking
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The Stanford Center for Digital Health Landscape Report

by Fred Pennic 12/02/2020 Leave a Comment

Stanford Center for Digital Health Landscape Report

The Stanford Center for Digital Health recently released the Stanford Center for Digital Health Landscape Report, a first of its kind, comprehensive analysis of digital health efforts across Stanford. The report includes a deep dive into academic literature, detailed research trends, and unique institutional insights from a variety of stakeholders throughout the Stanford ecosystem. The report focuses on four core elements: 1. Literature review of Stanford’s digital health publications
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HHS Taps CVS Health for Pilot to Administer COVID-19 Therapy to Patients At Home & Long-Term Care Facilities

by Jasmine Pennic 12/02/2020 Leave a Comment

HHS Taps CVS Health for Pilot to Administer COVID-19 Therapy to Patients At Home & Long-Term Care Facilities

What You Should Know: - Today, CVS Health was selected by HHS, as part of Operation Warp Speed, to pilot the administration of a limited supply of bamlanivimab, a monoclonal antibody therapy, with eligible COVID-19 patients at-risk of severe infection or complications resulting from the virus. - Under this pilot, Coram, the specialty pharmacy and infusion care business of CVS Health, will administer the intravenous therapy in patients’ homes or long-term care facilities to help meet the
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Philips Launches Integrated Cybersecurity Services to Protect Connected Medical Devices

by Jasmine Pennic 11/30/2020 Leave a Comment

Philips Launches Integrated Cybersecurity Services to Protect Connected Medical Devices

What You Should Know: - Philips partners with CyberMDX, a leader in connected medical device security, to provide vendor-neutral solutions to protect connected medical systems and devices. Philips, today announced the introduction of the Philips Cybersecurity Services for seamlessly integrating and enhancing strategic security solutions for Philips customers. The Philips Cybersecurity Services comprise an end-to-end suite of technologies and services to
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Israeli Digital Health Startup G Medical Innovations Withdraws $30M US IPO

by Jasmine Pennic 11/25/2020 Leave a Comment

Israeli Digital Health Company G Medical Innovations Withdraws $30M US IPO

What You Should Know: - Israeli-based G Medical Innovation has withdrawn its plans for an initial public offering (IPO) on Tuesday, Nasdaq first reports. - The company originally filed an IPO to raise $30 million by offering 5 million shares at a price range of $5 to $7 last month to list on the Nasdaq under the symbol GMVD. - The recent withdrawal marks the company's second attempt to go public in the US, previously filing in May 2019 and withdrawing the following August. The company
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