Talkspace, a telebehavioral health company providing online therapy has raised $50M in funding led by Revolution Growth. Existing investors Norwest Venture Partners, Qumra Capital, Spark Capital and Compound Ventures, amongst others, will also participate in the round. Patrick Conroy of Revolution Growth will join the Talkspace board of directors. Additionally, the company announced a new partnership with Optum Health, which will expand Talkspace services to cover 5 million lives.Transforming
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Digital Health | News, Analysis, Insights - HIT Consultant
Welkin Health Lands $17.5M for Patient Relationship Management Platform
Welkin Health, a digital health company based in San Francisco has raised $17.5M in Series B funding led by Altos Ventures. Existing investors, Thrive Capital, Red Swan Ventures, and Asset Management Ventures also contributed to the round, which brings Welkin’s total funding to $30 million to date. The company plans to use that latest round of funding to expand operations and its business reach.
Helping Care Teams Have Meaningful Relationships With Their Patients
Founded in 2013, Welkin’s
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3 Major Problems With the Medical Device and Wearables Market in 2019
Technology can improve human life in significant ways and aid in the fight against troublesome illnesses. Unfortunately, no technology is perfect — and newer technologies are especially prone to growing pains.There are three major problems in today's medical devices and wearables market: potential sabotage of the devices themselves, devices as a backdoor into networks and patient data, and device manufacturers taking advantage of regulatory loopholes to get their products on the market.1. Many
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FDA Clears First Smartphone-Controlled Migraine Wearable Device
Today, Theranica announced that the FDA has granted De Novo clearance for Nerivio Migra, the first-ever smartphone controlled wearable for the acute treatment of migraines. Worn on the upper arm, Nerivio Migra utilizes remote electrical neuromodulation for the acute treatment of migraine that is proven to be as effective as leading devices and drugs on the market in treating acute migraine, with fewer and more mild side effects.Migraine is the third most common disease in the world, with an
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Medically Home Group Nabs $10M for Scalable, Virtual Hospital Platform
Medically Home Group, Inc., a Boston, MA-based technology-enabled services company has raised $10 million in Series B funding led by Cardinal Health and other investors. This strategic investment for Medically Home from Cardinal Health and other investors illustrates the rapid movement in the market for innovative value-based models. The company plans to use the latest round of funding to support scaling efforts and to realize a common vision of enabling cost-effective, patient-centric
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4 Areas in Consumer-Driven Healthcare Ripe for Innovation
Consumer-driven healthcare (CDH) has become pervasive over the last decade as a powerful tool to help address the cost crisis in the American healthcare system. The success of CDH in reversing the cost trend – together with the recent rise in health savings account (HSA) adoption – confirms that CDH will continue to thrive into the future.
Despite its success, CDH, as we know it today, is far from perfect. Employers struggle to effectively design a CDH program (the combination of the health plan
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Canadian Government Awards $49M Grant to Establish Canada-wide AI Health Data Platform
The government of Canada has announced an investment grant of up to $49 million in the Digital Health and Discovery Platform (DHDP), a network of partners that seeks to establish a cutting-edge Canada-wide health data platform. Through this new platform, researchers and doctors will work to accelerate the development of new and personalized treatments to help to find cures for diseases that affect Canadians. While the platform will initially focus on cancer, the plan is to expand to other areas
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Apple Quietly Acquires Childhood Asthma Monitoring Startup Tueo Health
Apple quietly acquired Tueo Health, a digital health startup developing a solution to assist parents in monitoring asthma-related symptoms in sleeping children, reports CNBC. The exact date of the acquisition is not known; however, Tueo's CEO and COO, Brownwyn Harris and Anura Patil, changed their employers from Tueo to Apple on LinkedIn in late 2018.
Sleep Sensors for Data-Driven Asthma Management
About 10% of children between 5-17 years of age, or more than 7 million kids in the US
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American Well Telehealth App Joins Epic App Orchard Marketplace
Telehealth provider American Well announced today that its telehealth app has joined the Epic App Orchard Marketplace, enabling providers to embed video visits into their existing clinical workflows and launch an American Well-powered video consultation from the patient chart with one click. The announcement is a critical milestone for American Well as it expands acute care telehealth opportunity for Epic EHR clients that offers a streamlined and collaborative platform for virtual careGrowing
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UnityPoint Health Launches $100M Venture Fund to Invest in Early-Stage Growth Startups
UnityPoint Health, a West Des Moines, IA-based network of hospitals, clinics, and home care services in Iowa, Illinois, and Wisconsin has announced the launch of its $100M venture fund at the inaugural MedCity INVEST Pop Health conference in New Orleans this week. The UnityPoint Health Ventures Innovation Fund will manage and direct the health system’s financial and strategic investment opportunities in early-stage growth companies in four key sectors: digital health, medical devices,
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