If health systems are going to retain and attract new customers, femtech is a critical starting place: it’s what women want.
In 2012, investments in female-specific health technology (femtech, as it has been coined) totaled $57M. By the close of 2019, they’re projected to reach $1B. That’s a 1651% increase in a mere seven years — and the numbers continue to climb.
The boom can be pinned to a multitude of causes, not least among them a growing (though still very much in the minority) number of
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Digital Health | News, Analysis, Insights - HIT Consultant
Executive Insights: Top Healthcare Predictions & Trends to Watch in 2020
As we close out the year, we asked several healthcare industry executives to share their predictions and trends for 2020.
Robbie Hughes, Founder, and CEO, Lumeon
“Following the announcement of the Trump administration's price transparency requirement – and the ensuing backlash from hospital groups – the issue of price transparency will dominate the healthcare industry next year. Regardless of the outcome of the lawsuit, I expect we'll see more attention around the importance of the
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4 Digital Health Tools for Combating Opioid Addiction in 2020 & Beyond
The human and economic statistics surrounding the opioid epidemic are staggering. According to the U.S. Department of Health and Human Services, 11.4 million people have misused prescription opioids, and more than 130 people die daily from opioid-related drug overdoses.Moreover, the Society of Actuaries found that the total economic burden of the opioid crisis in the United States from 2015 to 2018 was at least $631 billion. The organization attributed nearly one-third of that cost to extra
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Mayo Clinic Appoints Rita Khan as First-Ever Chief Digital Officer
- Mayo Clinic appoints Rita Khan as the health system’s first-ever chief digital officer to lead Mayo Clinic’s digital health transformation strategy.
- Khan most recently was senior vice president of consumer digital at UnitedHealthcare, where she directed enterprise-level digital strategy.
Mayo Clinic has named Rita Khan chief digital officer, Mayo Clinic where she will help guide Mayo Clinic's strategy as it prepares for transformative changes in the digital space. As Mayo Clinic's
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Top 60 Health IT/Digital Health Mergers & Acquisitions in 2019
- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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Augmedics Secures FDA 510(k) Clearance for Augmented Reality Guidance System for Surgery
- Augmedics announced U.S. Food and Drug Administration (FDA) 510(k) clearance and the U.S. launch of its groundbreaking xvision Spine system (XVS), the first AR guidance system to be used in surgery.
- xvision Spine allows surgeons to visualize the 3D spinal anatomy of a patient during surgery as if they had “x-ray vision,” and to accurately navigate instruments and implants while looking directly at the patient, rather than a remote screen.
Today, Augmedics announced U.S. Food and Drug
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Butterfly iQ Expands Whole-Body Ultrasound System to Android Devices
- Butterfly iQ, the world’s first single-probe whole body ultrasound system announces it is now compatible with Android for the first time, allowing for even greater accessibility to medical professionals around the world- With this expansion, Butterfly’s mission to help pave the way for early detection and diagnosis of health issues globally has become even more tangible. - From remote villages in Africa to research missions in the arctic tundra, Butterfly is dedicated to providing a seamless
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SoldierStrong Donates Spinal Cord Rehabilitation Exoskeleton to VA Boston
- SoldierStrong donates a spinal cord rehab exoskeleton that enables individualized gait therapy for patients with lower extremity weakness or paralysis to VA Boston Healthcare System, West Roxbury Campus. - The donation will provide VA Boston with device options for their Veterans who meet the medical clearance and FDA criteria to allow for robotic-assisted ambulation post spinal cord injury. SoldierStrong, a national nonprofit organization dedicated to providing revolutionary medical
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FDA Breakthrough Status Granted for Heart Failure Algorithm by Eko
- Eko announced the FDA has granted “breakthrough status” for an algorithm that could provide an easily accessible screening test for heart failure during routine physical exams.- This designation is awarded to novel innovations that demonstrate the potential to address unmet medical needs for life-threatening or irreversibly debilitating diseases. - Heart failure is often left untreated until it’s too late due to costs, inaccessibility to echocardiogram testing, or misdiagnosis. With nearly six
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Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery
- Paige raises $45M in Series B funding led by Healthcare Venture Partners with participation from Breyer Capital, Kenan Turnacioglu, and others. - The funding will be used to accelerate commercial efforts of its AI-native digital pathology ecosystem in the U.S., Europe, Brazil, and Canada. Paige, a NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it has closed its Series B funding round of $45 million, bringing the Company’s
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