Healthcare IT VC funding topped $1.25 billion in 177 deals in Q3 2016 compared to $1.6 billion in 140 deals in Q2 2016, according to the latest report from Mercom Capital Group. The report, Q3 2016 Healthcare IT / Digital Health Funding and M&A Report reveals that overall funding is on pace to eclipse 2015’s total and the trend from last quarter continued as there was again increased funding activity in Healthcare IT outside of the United States, especially in China. Here are ten key trends
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Digital Health | News, Analysis, Insights - HIT Consultant
Johns Hopkins to Launch 8 Precision Medicine Centers of Excellence
Johns Hopkins inHealth, the precision medicine effort at Johns Hopkins has announced plans to launch eight precision medicine centers of excellence (COE) this year to highlight areas where the newest technologies and measurement tools can be applied to greatly improve patient care. As part of the effort, Johns Hopkins Medicine has identified several similarly challenging conditions for which precision medicine centers of excellence will improve efficiencies and patient outcomes, while fostering
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Cox Health: Diabetic Retinopathy Telemedicine Improves HEDIS Quality Measures
CoxHealth, a Missouri-based health system and payer announced that it has improved its HEDIS quality measures using Intelligent Retinal Imaging Systems (IRIS) diabetic retinopathy telemedicine solution, according to a recent case study. For the case study, Cox Health administered the diabetic retinopathy exam (DRE) to 1,865 patients over an initial 100-day period, diagnosing 305 (16%) with diabetic retinopathy who otherwise would have gone undiagnosed.Case Study BackgroundWith approximately
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IBM Watson, Quest Diagnostics Partner to Offer Gene Sequencing Service
IBM Watson is teaming up with Quest Diagnostics to launch Watson Genomics from Quest Diagnostics, a gene sequencing and Watson diagnostic analysis service to help oncologists deliver precision medicine to their patients. Together with Memorial Sloan Kettering Cancer Center (MSK), the service will provide a personalized tumor analysis of a patient’s sequenced genomic tumor that is supported by clinical evidence. As part of the precision medicine partnership, The Broad Institute of MIT and Harvard
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Why We Shouldn’t Call Apple ResearchKit and CareKit ‘Platforms’
Editor’s Note: Ryan Rossier is VP of Platform Solutions at Medullan, a digital healthcare consulting firm.It’s no secret that getting people to engage in their health is one of our generation’s biggest challenges.Digital health engagement, especially, is often discussed as “a huge opportunity,” but the reality is that while people are interested in their health, it’s still incredibly difficult to get them to use digital tools consistently. Enacting behavior change is still a mostly elusive
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Contessa Health Lands $7M for Evidence-Based Clinical Model
Contessa Health, Inc., a Nashville, TN-based provider of episodic risk arrangements and home hospitalization programs has $7 million in funding led by Noro-Moseley Partners. The round also included participation from existing investors BlueCross BlueShield Venture Partners, Martin Ventures and Sandbox Advantage Fund, as well as new investors, Nashville Capital Network and the Marshfield Clinic Health System. The startup plans to utilize the latest funding round to scale its operations to expand
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Philips Receives FDA 510(k) Clearance for Lumify Ultrasound Device
Royal Philips today announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for Lumify, its smart-device diagnostic ultrasound solution. The pocket-sized and lightweight S4-1 transducer now offers advanced sensitivity and exceptional high-resolution 2D image quality, along with new exam pre-sets, allowing clinicians to quickly triage and assess their patients like never before. Unveiled in late 2015, Lumify, the Philips smart device powered ultrasound
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PierianDx Acquires Tute Genomics for Integrated Personalized Medicine
PierianDx, a provider of clinical genomic analysis, interpretation and reporting has acquired Provo, UT-based Tute Genomics. For PierianDx, the acquisition of Tute Genomics’ leading constitutional and exome testing capabilities will provide a single clinical platform for best in class clinical workflow support of somatic cancer and constitutional testing. Financial details of the acquisition were not disclosed.The transaction includes incorporating Tute leadership, advisors and developers into
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Iora Health Nabs $75M to Expand Relationship-Driven Primary Care Clinics
Iora Health, a Boston, MA-based health system that aims to deliver relationship based primary care, raised $75 million in Series D funding led by Singapore-based Temasek. The Series D round also included participation from from existing investors .406 Ventures, Flare Capital Partners, F-Prime Capital, GE Ventures, Khosla Ventures, Polaris Partners, and Rice Management Company. The company plans to utilize the funding to expand into new markets and invest further development of its proprietary
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Healthcare is Riddled With Throwing Tech on Top of Broken Processes
Co-founder of Healthfundr’s Quad Aim Fund Dave Chase talks about healthcare moving beyond the Triple Aim, and why it’s imperative health-tech developers and investors follow suit.It’s time to let go of the status-quo. That may sound like a great slogan for a t-shirt, but it’s more like a resounding battle cry for U.S. healthcare at large. Patients, providers, health-tech developers and investors need to recognize the failings of today’s system to prompt and promote real change—and it’s going to
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