Hinge Health, a Silicon Valley-based digital health company, today announced the results about the first clinical study, published April 2018 in the Journal of Medical Internet Research demonstrates that a mobile-first, at-home exercise therapy and behavioral coaching solution improves outcomes for chronic knee pain by 61% and elective surgeries by 63% without opioids or surgery (N=162). A cost-benefit analysis estimates that the study’s employer saved $438,000 in avoided surgeries across the
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Digital Health | News, Analysis, Insights - HIT Consultant
In-Home Care Startup Honor Lands $50M to Grow Network of Home Care Agencies
Honor, an in-home care startup has raised $50 million in Series C funding led by Naspers Ventures, with participation from existing investors, bringing the company’s total funding amount to $115 million. The latest round comes as the larger healthcare industry is increasingly recognizing non-medical home care as a vital component to value-based care. In April, the Centers for Medicare and Medicaid Services announced that Medicare Advantage plans will be able to cover non-medical home care
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Luma Health Raises $6.33M for Patient-Provider Communications Platform
Luma Health, a San Francisco, CA-based smart patient-provider communications platform, today announced it has completed a $6.33 Million round of Series A funding led by U.S. Venture Partners along with continued participation from the Stanford-StartX Fund and existing investors. Luma Health plans to used the latest round of funding to extend its go-to-market operation, including sales and marketing, while also expanding its engineering team to support the company’s growing product roadmap. The
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Eye Care Telemedicine Startup Simple Contacts Raises $16M for Tech-Enabled Prescription Lenses
Simple Contacts, a New York City-based telemedicine startup for eye care has raised $16 million in funding led by Waypoint Capital Partners, with participation from returning investors Goodwater Capital, Steven Cohen, executives from Flatiron Health and a number of the nation’s top ophthalmologists. The company plans to use the new funding to invest in marketing and customer service, open new offices, and eventually expand the business to address additional healthcare categories. The latest
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TriNetX Launches Research Analytics Solutions for Use with Its Clinical & Genomic Data
TriNetX, the global health research network, today announced the availability of TriNetX Research, a suite of analytics solutions to leverage real-world data when conducting observational and outcomes research. TriNetX Research combines longitudinal clinical and genomic data from its global network with powerful, state-of-the-art analytics on a single self-service platform. Researchers will now have access to the fastest and easiest method to create real-world evidence (RWE) and enable
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How Telemedicine is Transforming the Doctor-Patient Relationship
If telemedicine hasn’t revolutionized healthcare, it has certainly revamped it. It has extended providers’ reach to areas where care might not be readily available, and allowed patients much-needed access.Such convenience is the primary reason telemedicine -- defined as two-way, real-time interactive communication between a healthcare professional and a patient -- has taken hold, among not only among those in far-flung areas but those in urban settings where healthcare might be lacking. Cost is
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Gender Parity Remains Elusive in Health IT, Despite Recent Progress
Chasm Partners, a leading executive search firm in the healthcare technology and services space, recently convened a roundtable discussion to evaluate the state of gender parity in the healthcare IT space, as well as explore the benefits that gender diversity creates for health organizations. The discussion revealed gender parity is most effective when it’s a component of broader, organization-wide cultural change and women must known their own value to effectively become their own advocates of
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CipherHealth Raises $37.5M to Expand Patient Engagement Platform
CipherHealth, a NYC-based patient communication, engagement and care coordination software company today announced that it has received a significant strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software companies. Since 2009, CipherHealth's integrated solutions have enabled providers across the care continuum to improve patient communication and care coordination with the latest technologies. With each technology, the company delivers highly
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Philips, AHA & UPMC Launch $30M Fund to Spur Health Innovation in Heart Disease and Stroke Care
Philips, American Heart Association (AHA) and UPMC’s announcement to launch Cardeation Capital, a new $30 million venture fund designed to spur healthcare innovation in heart disease and stroke care. With cardiovascular disease costs projected to exceed $1 trillion by 2035, this initiative will play a critical role in transforming care for a healthier, less costly tomorrow.The fund will be managed by Aphelion Capital where each company has committed $10 million and will work together to identify
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Celsius Therapeutics Launches with $65M to Develop Precision Therapeutics for Autoimmune Disease & Cancer
Celsius Therapeutics, a company translating single-cell genomic insights into precision therapeutics for autoimmune diseases and cancer, launched with a $65 million Series A financing led by Third Rock Ventures with participation from GV (formerly Google Ventures), Heritage Provider Network, Casdin Capital, Alexandria Venture Investments and other key investors. Celsius is charting a new course of target and drug discovery by understanding the specific cells, among many others, that are key
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