According to a recent report, the market for artificial intelligence in healthcare was worth over $600 million in 2014. By 2021, this figure is expected to rise by 11 times to $6.6 billion. Healthcare is widely regarded as one of the premier industries destined for AI-led transformation. The reasoning is simple: AI is widely prescribed as an antidote for healthcare’s high costs and an enabler for better health outcomes and experiences.However, the industry has been slow to realize the
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Digital Health | News, Analysis, Insights - HIT Consultant
SkylineDx Inks Partnership With Mayo Clinic to Develop Diagnostic Tests for Melanoma
SkylineDx, a Netherland-based commercial-stage biotech company has inked a joint development agreement with with Mayo Clinic to develop novel diagnostic tests which will improve clinical decision making for melanoma patients. For SkylineDx, the collaboration with the renowned Mayo Clinic is an important milestone as it allows the company to develop new diagnostic tests and extend its product offering for a broader group of patients and clinicians.The knowledge and experience of SkylineDx in the
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Engine Biosciences Lands $10M for AI-Driven Drug Discovery Platform
Engine Biosciences("Engine"), a San Francisco, CA-based biotech company pioneering its artificial intelligence and genomics network biomedicine platform for drug discovery has raised $10 million. The seed round was co-led by by DHVC (Danhua Capital) and 6 Dimensions Capital, with participation from global biopharmaceutical leader WuXi AppTec, EDBI, Pavilion Capital, Baidu Ventures, WI Harper, and Nest.Bio Ventures.The company plans to utilize the funding to support its proprietary platform,
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Medidata, Syapse Partner to Democratize Access to Oncology Clinical Trials
Medidata, a provider of cloud-based technology and data analytics for clinical research, and Syapse, a precision medicine solutions provider, have announced a new partnership to transform oncology clinical trials for the age of precision medicine. As part of the new partnership, Medidata and Syapse will jointly develop a portfolio of solutions to make it easier for cancer patients to access potentially life-saving clinical trials,Partnership DetailsThe partnership will initially build products
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Universe mHealth Unveils Client-Branded Mobile App Platform
Universe mHealth LLC, today announced the launch of their client-branded advanced mobile app platform for healthcare organizations—the Universe mHealth App Platform. The platform offers medium and large healthcare organizations a single iOS and Android mobile app to support all of their informational, clinical, and financial self-service tools.Custom apps currently offered by major health systems feature incredibly low functionality considering their price tags of $500,000 to $1,000,000 and 1+
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Gore Innovation Center, Kenzen Team Up to Develop Dermal Biometrics Patch
The Gore Innovation Center in Silicon Valley, today announced a joint development agreement and cash investment in digital health startup, Kenzen. W. L. Gore & Associates (Gore) engineers and scientists will work hand in hand with Kenzen, an innovator in precision health monitoring and insights, to develop a comprehensive wearable health monitoring system that employs biosensor data and predictive modeling to anticipate and prevent avoidable injuries and health conditions.By integrating
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drchrono, HDP Health Integrate to Enable Physicians & Patients Access to Clinical Trials
drchrono Inc., the company enabling the medical practice of the future, today announced that it has partnered with HDP Health to provide physicians and medical facilities with access to thousands of the latest clinical trials for their patients.HDP Health software is now integrated with drchrono’s EHR platform and lets the doctor know which of their patients are eligible for clinical trials. HDP Health supports medical organizations and helps physicians identify which of their patients fit
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Can NLP Text-Mining Transform Drug Discovery & Development for Biopharma?
Healthcare is in the midst of a data explosion, thanks to the widespread adoption of electronic health records (EHRs), the increased sophistication of insurance claims databases, and the growth of social media. These real-world data provide critical insights into the health of patients and can be leveraged to advance pharma and biotech initiatives that improve the delivery of care.This wealth of clinical data is particularly valuable for organizations seeking to understand the real-world impact
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Syapse Expands Precision Medicine to Asia Through Partnership With Health System
Syapse, a precision medicine company, announced today it is expanding to Asia through new partnerships with Seoul National University Hospital (SNUH), the premier hospital in Korea, and Megazone, a cloud-specialized IT company.Syapse and SNUH are launching a precision oncology program to improve cancer care in Korea, with the support of Megazone’s innovative cloud services. SNUH, one of the largest health systems in South Korea, is the first health system outside the U.S. to use the Syapse
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Why Did the Global Digital Health Market Strengthen During Q4 2017?
Healthcare innovation consultancy Enspektos, LLC, today released the latest edition of its quarterly study, digihealth impact trac. The report focuses on key Q4 2017 market themes and previews five digital health trends that will matter in 2018. The research reveals that telemedicine is having a far-reaching impact as adoption surges globally. Most importantly, telemedicine solutions are delivering economic benefits and re-shaping the patient-physician relationship, as clinicians learn what it
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