Health IT VC funding reached $1.6 billion in 165 deals compared to $845 million in 154 deals in Q4 2016, almost doubled quarter-over-quarter (QoQ), according to the latest report from Mercom Capital Group. The report finds that VC funding in Q1 2017 was also up compared to Q1 2016 when nearly $1.4 billion was raised in 146 deals. Since 2010, VC funding in the Healthcare IT sector has now crossed $20 billion (2010 - Q1 2017).Here are ten key trends to know from the Mercom’s latest report:1. The
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Digital Health | News, Analysis, Insights - HIT Consultant
Healthbox Launches Horizon Scan Platform to Help Healthcare Organizations Evaluate Digital Health Solutions
Healthbox, a Chicago-based healthcare innovation consulting firm and venture capital investment manager, announced the launch of their new platform Horizon Scan to help healthcare organizations optimize their digital health vendor sourcing process. For healthcare organizations, the new Horizon Scan platform will serve as a sourcing tool to successfully find and evaluate innovative digital health solutions.Many healthcare organizations are currently faced with tenuous profit margins and an
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American Diabetes Association Recognizes One Drop’s Diabetes Education and Coaching Program
One Drop today announced that its mobile diabetes education and coaching program, One Drop | Experts, has been Recognized by the American Diabetes Association for Quality Self-Management Education* and Support. One Drop | Experts is the first and only digital therapeutics program to receive this recognition, identifying One Drop | Experts as meeting the National Standards for Diabetes Self-Management Education and Support (NSDSMES).According to the latest statistics from the American Diabetes
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Medidata to Acquire Mytrus to Transform Clinical Trial Patient Experience
Medidata, a provider of cloud-based solutions and data analytics for clinical research has agreed to acquire Mytrus, Incorporated, an e-clinical technology company specializing in patient-centered electronic informed consent (eConsent) and virtual trials. Financial terms of the acquisition were not disclosed.Medidata will integrate Enroll™, Mytrus’ eConsent solution, into the Medidata Clinical Cloud as part of its ongoing commitment to modernize clinical trials for patients, sites and sponsors.
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Why Data Block Is the Leading Cause of Death for Digital Health Startups
Editor's Note: Buff Colchagoff is the CEO of RosettaHealth, a cloud-based health messaging and exchange platform. Colchagoff has over 16 years of Health IT experience with large projects, including building the VA’s PHR MyHealtheVet, as operations manager for the Nationwide Health Information Exchange (NwHIN) which grew into the Sequoia Project, the Direct Project. Follow him on Twitter at @BuffColchagoffYou’re the leader of a digital health startup born in 2015, ready, willing, and eager to
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Parks Associates: 6 Consumer Trends In On-Demand Virtual Care To Watch
IoT research firm Parks Associates has released new connected health research overview of consumer trends in on-demand virtual care, including visiting physician services and remote care.The report, 360 View Update: On-Demand Care: The Patient Wants to See You Now, examines the types of services consumers are most interested in, the demographics reporting the greatest interest in these services, and self-reported consumer satisfaction rates. The research also pays special attention to consumer
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Massachusetts Announces $5M Grant to Launch Digital Health Innovation Lab
Last Thursday, Massachusetts Lt. Governor Karyn Polito joined executives from GE for the announcement of a $5 million grant from the Massachusetts Technology Collaborative toward the construction of a new digital health innovation lab at Worcester Polytechnic Institute (WPI). The grant will be matched by nearly $9.5 million from WPI, as well as $2.5 million in support from GE Healthcare Life Sciences in both capital investments and imaging equipment. These funds will go toward new integrated
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Senate, House Health Committee Release Discussion Draft of FDA User Fees Reauthorization
On Friday, the leaders of the Senate and House health committees released a discussion draft of bipartisan legislation reauthorizing the Food and Drug Administration user fee agreements. The Food and Drug Administration (FDA) Reauthorization Act of 2017 renews FDA's authority to collect user fees from the makers of prescription brand drugs, medical devices, generic drugs and biosimilars, and several vital programs at the FDA.The 2012 prescription drug user fee amendments (PDUFA), medical device
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Report: Apple Developing Sensors to Monitor Blood Sugar for Apple Watch Integration
Apple has hired a team of biomedical engineers to develop sensors that can noninvasively and continuously monitor blood sugar levels to better treat diabetes, according to CNBC. The initiative was initially envisioned by Steve Jobs before his death and has been in development for at least the past five years, with about 30 people working on the project and reports to Johny Srouji, Apple's senior vice president of hardware technologies. Some of the engineers have been working with the Apple team
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Sansoro Health Raises $5.2M For Real-Time Data Exchange Between EMRs & Digital Health Apps
Sansoro Health, a Minneapolis MN-based startup that makes it easy to exchange real-time health care data between digital health applications and EMRs led by Bain Capital Ventures. The digital health startup plans to use the funding to expand sales, marketing and operations to accelerate transforming health care IT ecosystems through real-time digital health interoperability.Among U.S. hospital system chief information officers, 62% identify interoperability as their most important
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