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Digital Health | News, Analysis, Insights - HIT Consultant

Misonix Acquires Regenerative Wound Healing Product Theraskin for $97M

by Fred Pennic 05/02/2019 Leave a Comment

Misonix Acquires Regenerative Wound Healing Product Theraskin for $97M

Misonix, Inc., a provider of minimally invasive therapeutic ultrasonic medical devices announced it has entered into a definitive agreement to acquire Solsys Medical, LLC, a privately held regenerative medical company in an all-stock transaction valued at approximately $97 million. The acquisition of Solsys substantially broadens Misonix’s addressable market through wound care solutions that are complementary to its existing products. Theraskin: Real Skin from One Human to Another Solsys
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RefleXion Medical Receives $60M Loan for Biology Guiding Radiotherapy Machine

by Jasmine Pennic 05/02/2019 Leave a Comment

RefleXion Medical, Inc., a biotargeting oncology company developing the first and only biology-guided radiotherapy (BgRT) machine* for targeted cancer treatment has received a $60M senior secured term loan from Oxford Finance LLC. The company plans to use the loan to support the completion of the FDA clearance process for its biology-guided BgRT system and its subsequent commercial launch. Building from Positron Emission Tomography Positron emission tomography (PET) is an established
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Amgen, Syapse Partner to Develop Observational Research Analytics for Precision Oncology

by Fred Pennic 05/02/2019 Leave a Comment

Amgen, Syapse Partner to Develop Observational Research Analytics for Precision Oncology

 Amgen, a world leader in biotechnology, and Syapse, a company powering precision medicine insights through its global provider network, today announced a precision medicine collaboration in oncology. Under the terms of the collaboration, Amgen and Syapse will develop observational research analytics to assess treatment outcomes for areas of unmet need in oncology.Generates Insights from Real-World Evidence for Potential Use in Regulatory FilingsThis effort will identify existing patients within
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Fitbit Health Solutions Business Grew 70%, $30.5M in Revenue in Q1 2019

by Fred Pennic 05/01/2019 Leave a Comment

Fitbit Health Solutions Business Grew 70%, $30.5M in Revenue in Q1 2019

Fitbit today released its Q1 2019 earnings reporting revenue of $272 million, GAAP net loss per share of $(0.31), non-GAAP net loss per share of $(0.15), GAAP net loss of $(79) million, non-GAAP net loss of $(38) million, cash flow from operations of $(68) million and free cash flow of $(74) million.Q1 2019 Fitbit Health Solutions EarningsFitbit Health Solutions business grew 70% YOY with revenue of $30.5M, which was an important contributing factor to the company’s positive momentum overall in
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Accenture Launches AI-Driven Solution to Tackle Elderly Loneliness

by Fred Pennic 05/01/2019 Leave a Comment

Accenture Launches AI-Driven Solution to Tackle Elderly Loneliness

Accenture has released a groundbreaking new project that uses a unique conversational artificial intelligence to address the challenges of elderly loneliness. The project named Memory Lane is being used by Accenture Interactive and Stockholm Exergi, one of Sweden’s largest energy suppliers to provide an innovative social solution which allows people, particular the elderly, to capture memorable stories for future generations while also providing companionship. Project Memory Lane
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NASSCOM, GE Healthcare Partner to Co-Create Digital Health Solutions in India

by Fred Pennic 05/01/2019 Leave a Comment

NASSCOM, GE Healthcare Partner to Co-Create Digital Health Solutions in India

NASSCOM and GE Healthcare have formed a strategic partnership to foster healthcare innovation to bring digital health solutions to the market in India. NASSCOM CoE-IoT is India’s largest deep-tech Innovation hub for startups that provides a platform for collaborative innovation.Strategic Partnership DetailsThrough NASSCOM’s Center of Excellence-Internet of Things (CoE-IoT), GE Healthcare will work with India-based startups to co-create solutions for real-world healthcare challenges in the areas
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Blue Cross Blue Shield, BHI Launches Data Innovation Challenge

by Fred Pennic 05/01/2019 Leave a Comment

Blue Cross Blue Shield, BHI Launches Data Innovation Challenge

The Blue Cross Blue Shield Association (BCBSA) and Blue Health Intelligence® (BHI) has announced the launch of the BlueCross BlueShield Data Innovation Challenge to develop solutions that increase access to care, enhance patient engagement, and improve care delivery and outcomes. BCBSA and BHI are collaborating with HIMSS and Healthbox, a HIMSS Innovation company, to implement the BlueCross BlueShield Data Innovation Challenge.BlueCross BlueShield Data Innovation Challenge OverviewTo advance
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Validic Integrates With Welldoc’s Bluestar Platform to Enable Real-Time Insights for Patients

by Jasmine Pennic 04/30/2019 Leave a Comment

Validic Integrates with Welldoc’s Bluestar Platform to Enable Real-Time Insights for Patients

Validic, a provider of data solutions for remote monitoring and virtual engagement is integrating with Welldoc’s BlueStar platform. The integration of personal health data within the Welldoc BlueStar digital therapeutic platform will allow users to connect their wearables, apps, and in-home health devices directly to the platform – enabling deeper engagement and better self-management of one's health.The Power of Leveraging Device-Generated Data for PatientsAs the number of people managing
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XRHealth Inks Partnership to Provide VR Relaxation Videos to Hospitals Nationally

by Jasmine Pennic 04/30/2019 Leave a Comment

XRHealth Inks Partnership to Provide VR Relaxation Videos to Hospitals Nationally

XRHealth, formerly known as VRHealth is the leader in extended reality and therapeutic applications, announced today that they are partnering with Healing Healthcare Systems, Inc. to provide virtual reality (VR) relaxation videos to over 1,000 hospitals throughout the nation. XRHealth offers medical facilities their flagship product, the VRHealth Platform which includes a variety of VR medical apps: cognitive assessment and training apps, motor function apps, pain management apps, and behavioral
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Why The Handheld Ultrasound Market Is Poised for Next Wave of Growth

by Simon Harris, Managing Director at Signify Research 04/30/2019 Leave a Comment

Why The Handheld Ultrasound Market Is Poised for Next Wave of Growth

This year marks the tenth anniversary of the launch of the first handheld ultrasound scanner, GE Healthcare’s Vscan, yet the market has largely failed to live up to expectations. In 2018, sales of handheld ultrasound accounted for less than 2% of the $6.9 billion global markets for ultrasound equipment. The relatively high cost and limited performance of early generation handhelds were limiting factors. Steady product improvements over the years, coupled with fresh innovation from new market
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