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Digital Health | News, Analysis, Insights - HIT Consultant

Reify Health Secures $220M to Support Clinical Trial Diversity at $4.8B Valuation

by Fred Pennic 04/21/2022 Leave a Comment

Reify Health Secures $220M to Support Clinical Trial Diversity

What You Should Know: - Reify Health, a leading provider of solutions that empower the clinical trial ecosystem, announced a $220M Series D funding round dedicated to improving diversity in clinical research. The investment comes less than a year after its Series C and brings the company's valuation to $4.8B.  - The Series C found was co-led by Altimeter Capital and Coatue, joined by Dragoneer Investment Group and existing investors ICONIQ Growth, Adams Street, and Battery
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NexHealth Nabs $125M for End-to-End Patient Experience Platform

by Fred Pennic 04/21/2022 Leave a Comment

NexHealth Nabs $125M for End-to-End Patient Experience Platform

What You Should Know: Today, NexHealth announced its $125M Series C funding, bringing the company’s valuation to $1B for its patient experience platform. - The funding will support the company in advancing its mission to create a more streamlined doctor and patient experience while building the seamless technological infrastructure needed for future health tech entrepreneurs to innovate upon.  NexHealth, a San Francisco, CA-based patient experience management platform
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Seven Bridges, USP, Google Cloud to Build A Brazilian Reference Genome

by Fred Pennic 04/21/2022 Leave a Comment

Golden Valley Memorial Goes Live on MEDITECH Expanse Genomics

What You Should Know: - Seven Bridges, a bioinformatics ecosystem provider, announced it is collaborating with the University of São Paulo (USP) and Google Cloud, as well as the Associação Genomas Brasil (Brazil Genome Association), to assist the DNA do Brasil (DNABr) project in building a reference genome that represents the genetic diversity of the Brazilian population. - The joint effort will advance unbiased precision medicine for underrepresented populations in Brazil through the
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mPharma & TytoCare Integrate to Offer Telehealth to Pharmacies in Africa

by Fred Pennic 04/20/2022 Leave a Comment

mPharma & TytoCare Partner to Offer Telehealth to Pharmacies in Africa

What You Should Know: -  TytoCare, an all-in-one modular device and examination solution for AI-powered, on-demand, remote medical exams partners with mPharma, a technology-driven healthcare company building Africa's largest health management organization with a focus on making medications affordable and accessible to every African.  -The integration of the TytoCare solution into mPharma’s telehealth offerings enables pharmacies to provide patients with enhanced
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Blackrock Neurotech Acquires Spatial Computing Firm MindX

by Jasmine Pennic 04/20/2022 Leave a Comment

Blackrock Neurotech Acquires Spatial Computing Firm MindX

What You Should Know: Blackrock Neurotech, a provider of Brain Computer Interface (BCI) technology, has acquired the spatial computing software house, MindX. Financial details of the acquisition were not disclosed. - MindX’s spatial computing technology is used to recognize and interpret the movement of objects in physical space, and in combination with Blackrock’s BCI technology, will unlock additional levels of interaction between patients and their physical
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PreciseDx’s AI-Enabled Digital Pathology Proven to Detect Early-Stage Parkinson’s Disease

by Jasmine Pennic 04/20/2022 Leave a Comment

PreciseDx's AI-Enabled Digital Pathology Proven to Detect Early-Stage Parkinson's Disease

What You Should Know: - Mount Sinai spinout, PreciseDx, today announced that its AI-enabled digital pathology is the first proven to detect early-stage Parkinson’s disease, according to a recent research study. - The study, conducted in collaboration with Michael J. Fox Foundation, identified that PreciseDx’s technology can accurately diagnose Parkinson's disease in living patients prior to the severe onset of symptoms. Challenges Diagnosing Parkinson’s
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THREAD Acquires Clinical Trial Recruitment Solution CureClick

by Health M&A Activity 04/20/2022 Leave a Comment

THREAD Acquires Clinical Trial Recruitment Solution CureClick

What You Should Know: - THREAD, a technology and consulting service provider enabling electronic clinical outcome assessments and decentralized clinical trials has acquired CureClick, which offers the world’s first proprietary crowdsourcing platform designed to accelerate awareness and participation in clinical research. This acquisition follows THREAD’s recent acquisitions of Modus Outcomes and inVibe, positioning THREAD as the industry’s leading
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Free Market Health Secures $13.5M for Advance Specialty Pharmacy Ecosystem

by Fred Pennic 04/19/2022 Leave a Comment

What You Should Know: Free Market Health, a Pittsburgh-based healthcare technology company transforming the specialty pharmacy ecosystem with a care-driven marketplace platform, today announced its $13.5M in Series A financing led by Alta Partners and with participation from existing investors Highmark Ventures and 653 Investment Partners. - The capital will enable the company’s team of specialty pharmacy industry experts to scale beyond the hundreds of millions of dollars in specialty
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Analysis: The Role of Compact Systems in Today’s Ultrasound Market

by Mustafa Hassan, Market Analyst at Signify Research 04/19/2022 Leave a Comment

Analysis: The Role of Compact Systems in Today’s Ultrasound Market

Much of the focus in the ultrasound market in the last few years has been on the handheld market. This is justified, considering its role in the response to the COVID-19 pandemic and the spate of innovation in the sector, both in terms of new product releases and partnerships.  As a result, there is less mention of the other ultrasound product segments, especially the compact market. However, the compact market has also been active, with the release of Fujifilm SonoSite’s SonoSite LX in February
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Blue Spark Technologies Raises $40M for AI-Based Remote Patient Monitoring

by Jasmine Pennic 04/18/2022 Leave a Comment

Blue Spark Technologies Raises $40M for AI-Based Remote Patient Monitoring

What You Should Know: - Blue Spark Technologies, Inc., a Cleveland, OH-based provider of wearable remote patient monitoring solutions, announced that it has raised $40 million in growth funding led by Ghost Tree Partners with support from Aon. - The funding will go towards scaling the company’s sales and marketing functions and the continued advancement of Blue Spark’s wearable remote patient monitoring solutions. Continuous, Real-Time Body Temperature Monitoring System TempTraq®,
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