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Digital Health | News, Analysis, Insights - HIT Consultant

Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories

by Fred Pennic 07/16/2020 Leave a Comment

Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories

What You Should Know: - Same day pharmacy delivery startup NowRx raises $20 Million in Series B funding to expand into new U.S. territories and accelerate its technology roadmap, transforming the way consumers get their prescriptions.  - NowRx’s competitive advantage is its proprietary pharmacy management system, which leverages AI and robotics to fill and deliver prescriptions in record time, including interfacing with insurance, checking for drug
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Wake Forest Baptist Health Launches Drone Delivery for Medicines, PPE for COVID-19

by Fred Pennic 07/15/2020 Leave a Comment

Wake Forest Baptist Health Launches Drone Delivery for PPE, Medicines for COVID-19

What You Should Know: - Wake Forest Baptist Health will establish a hospital drone delivery network to carry patient-specific time- and temperature-sensitive medicines and PPE for medical professionals treating COVID-19. - In partnership with Matternet and UPSFF today started operating on two routes from one location at Wake Forest Baptist Health to two other health system locations, marking one of the first hub-and-spoke operating models for the U.S. drone delivery industry. Wake
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Caption Health Nabs $53M to Commercialize FDA-Cleared AI-Guided Ultrasound Technology

by Fred Pennic 07/15/2020 Leave a Comment

GE HealthCare to Acquire Caption Health

What You Should Know: - Caption Health raises $53 million series B round to fuel commercialization and expansion of its FDA-approved AI ultrasound technology. This is on the heels of its receiving FDA clearance, designated as a breakthrough technology to fight against COVID-19. - As ultrasounds, especially cardiac ultrasounds, have become increasingly important during a time of COVID when resources are stretched, using AI to help more healthcare professionals take high-quality images is
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Medly Pharmacy Lands $100M to Expand Digital On-Demand Pharmacy Platform

by Jasmine Pennic 07/15/2020 Leave a Comment

Medly Pharmacy Lands $100M to Expand Digital On-Demand Pharmacy Platform

What You Should Know: - Medly Pharmacy raises $100M investment co-led by Volition Capital and Greycroft to propel Medly's leadership in the $500B+ digital on-demand pharmacy market. - Medly will use the funding to expand its digital on-demand pharmacy platform, enter new markets, and provide category-leading services to patients and partners across the country that is well-positioned to meet new customer needs.  Medly Pharmacy (Medly), an industry-leading full-service digital
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Noteworth Lands $5M to Expand All-in-One Care Delivery Platform

by Jasmine Pennic 07/15/2020 Leave a Comment

Noteworth Lands $5M to Expand All-in-One Care Delivery Platform

What You Should Know: - Noteworth, a first-of-its-kind Digital Healthcare platform for modernizing Digital Medicine delivery operations, secured a $5 million oversubscribed seed funding round led by Laconia Capital Group   - With this investment, the company will continue to build upon the delivery of Noteworth’s first-of-its-kind Digital Healthcare platform.  Noteworth, a Hoboken, NJ-based all-in-one-care delivery platform for modernizing digital medicine delivery
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HHS Taps Fenway Health as Pilot Site for Precision Medicine Project

by Jasmine Pennic 07/14/2020 Leave a Comment

HHS Taps Fenway Health as Pilot Site for Advancing Standards for Precision Medicine Project

What You Should Know: - Fenway Health has been selected as the pilot site to participate in the Advancing Standards for Precision Medicine (ASPM) project. - The ASPM project is focused on how healthcare providers can systematically identify the socio-economic factors that may impact the health of patients in order to provide more individualized care that reflects patients’ needs.  Fenway Health, a Boston, MA-based Federally Qualified Community Health Center (FQCHC)
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Socialized Medicine Shows its Strengths During COVID-19 – But Only When Paired with Tech

by Mykal Kaminski 07/14/2020 Leave a Comment

Socialized Medicine Shows its Strengths During COVID-19 – But Only When Paired with Tech

What the US and other countries can learn from the “Taiwan Example” Italy has a single-payer medical system, yet it didn’t spare the country from COVID-19. On the contrary, Italy was among the hardest hit and is still struggling. That’s a common talking point one might hear from certain US-based pundits who are critical of so-called “socialized medicine.” According to international healthcare insurance provider Allianz Care, “The healthcare system in Italy is a regionally based
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UnitedHealth Group Launches New Digital Health Therapy for Type 2 Diabetes

by Fred Pennic 07/13/2020 Leave a Comment

UnitedHealth Group Launches New Digital Health Therapy for Type 2 Diabetes

What You Should Know: - UnitedHealth Group launches a new pilot for digital health therapy for Type 2 Diabetes to nearly a quarter-million members at no additional cost to more than 230,000 employer-sponsored, fully insured UnitedHealthcare members in 27 states and Washington, D.C. - The therapy, known as Level2, helps participants gain real-time insights about their condition and, for some, successfully reduces spikes in blood sugar levels or achieves Type 2 Diabetes remission. - The
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Paige Lands Additional $20M for AI-Native Digital Pathology Ecosystem

by Fred Pennic 07/13/2020 Leave a Comment

Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem

What You Should Know: - Paige secures an additional $15M from Goldman Sachs totaling $20M to close out a total Series B funding round of $70M for its AI-native digital pathology ecosystem. - The company’s continued product portfolio of innovation in telepathology and digital diagnostics accelerated by further investment. Paige, an NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it received an additional $15M from
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COVID-19 Has Permanently Shifted Patient Behavior Towards Virtual Care

by Jasmine Pennic 07/10/2020 Leave a Comment

Report: How COVID-19 Has Permanently Changed Patient Behavior Towards Virtual Care

What You Should Know: - The COVID-19 crisis has significantly impacted the patient care paradigm, and the ripple effects have altered patient behaviors and expectations, requiring a significant change in how life sciences companies engage with and support patients - Accenture surveyed 2700 patients about changes in care during COVID-19 and found a major shift to virtual care, which patients embraced. - Virtual care is here to stay and can be an integral part of the patient experience
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