Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system. Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
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Digital Health | News, Analysis, Insights - HIT Consultant
Why Artificial Intelligence Should Augment Patient Care, Not Replace IT
Skeptics about the future of artificial intelligence (AI) in healthcare are running out of reasons to be doubtful.AI, in fact, is already revolutionizing several areas of medicine. Researchers rely on AI to help them select candidates for clinical trials, algorithms are proving to be about as accurate as radiologists in diagnosing lung cancer, and experts from Oxford and Yale believe that all surgical work could be conducted by AI by the year 2053.Clearly, when it comes to clinical work, AI’s
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Philips Cares App Launches to Digitize the Aging and Caregiving Experience
Role reversal, complexity and cost put tremendous strain on families as they go through the challenges of aging. To help family caregivers be there for their loved ones, easing and enriching their aging journey, Philips launched Philips Cares app at CES. Whether caring for a loved one or for themselves, Philips Cares Aging & Caregiving service is a digital experience that enables people to easily form and activate a care circle of trusted family and friends, access meaningful insights into
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State of Georgia Expands Partnership with Sharecare to Improve Health of State Employees
Walmart to contribute annual incentive dollars earned through Sharecare to help eligible State Health Benefit Plan members purchase prescription medications and vision products at its retail stores; Emory Healthcare and Rollins School of Public Health to measure the impact of the new incentive program.Georgia Department of Community Health (DCH) is launching a new incentive program to reward State Health Benefit Plan (SHBP) members who engage in healthy behaviors through Sharecare’s
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DispatchHealth Expand On-demand Urgent Care Nationwide with New Health Systems Partnerships
DispatchHealth, a company bringing on-demand urgent care directly to patients’ homes, today announced a nationwide expansion and partnerships with numerous healthcare companies. These partnerships and new markets include: Baystate Health in Springfield, Massachusetts; Texas Health Resources in Dallas, Texas; and MultiCare in Tacoma, Washington. With the expansion, DispatchHealth can deliver acute care to an additional 80,000 patients nationwide throughout 2019, saving an estimated $100 million
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Led by Philips, Prenatal App Babyscripts Nabs $6M to Support Holistic Care for Mothers
Babyscripts, Inc., a Washington D.C.-based virtual care platform for managing obstetrics, announced today that Philips has taken a minority position in the company by leading a $6 million round of financing. The round also included participation from investors StartUp Health and NueCura Partners.Founded in 2013, Babyscripts has spent the last four years building a clinically-validated, virtual care platform to allow OBGYNs to deliver a new model of prenatal care. Using Internet-connected devices
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EarlySense Raises $39M to Expand Contact-Free Monitoring & Analytics Solution
Israeli digital health startup, EarlySense, a contact-free continuous monitoring solutions provider, announced today that it has raised $39 million in funding from Hill-Rom and Wells Fargo Strategic Capital. The round also included participation from BlueRed Capital, Israel Innovation Fund, Argos Capital and Hotung Capital. Existing investors, Pitango Venture Capital and JK&B Venture Capital. Founded in 2004, EarlySense’s FDA-cleared and CE-approved solutions are used by healthcare
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5 Trends Poised to Disrupt the Digital Health Market in 2019
LRV Health’s Keith Figlioli predicts this year’s fizzles and flourishes for digital healthcare.It’s a new year—the time of year where resolutions and fresh starts abound. It’s also the perfect time to predict what’s on the horizon in healthcare. According to LRV Health’s Keith Figlioli, there’s plenty to consider, especially when it comes to disruption in the digital realm.For several years, billions of dollars have flooded into the market, sparking innovation and the potential for future
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VRHealth Launches First Telehealth VR Medical Platform
VRHealth, a Boston and Israel-based digital health company providing specialized virtual reality (VR) technology solutions and data analysis, today announced the launch of the first telehealth-VR medical platform that includes apps specifically designed for consumers to use at home. VR Health is participating in AARP Innovation Labs. As part of the company’s collaboration with AARP, VRhealth has a residency in AARP Innovation Lab and is integrating core features of its product into the “Health
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Ascensia Diabetes Care, POCTech to Distribute and Co-Develop Continuous Glucose Monitoring Solutions
Ascensia Diabetes Care has announced a new global partnership with Zhejiang POCTech, Co., Ltd (POCTech), a developer and manufacturer of continuous glucose monitoring (CGM) systems for people with diabetes. As part of the collaboration, Ascensia will be the exclusive distributor of POCTech’s CGM in selected countries, with distribution anticipated to start later this year. Ascensia and POCTech have also entered into an agreement to co-develop next-generation products, leveraging expertise from
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