Pharmaceutical companies forfeit an estimated $637 billion a year to medication nonadherence, according to new research paper released by HealthPrize Technologies. The findings builds upon a research paper originally co-authored by HealthPrize and Capgemini Consulting in 2012. At that time, global revenue losses were being estimated at $564 billion annually. HealthPrize Technologies today announced the publication of an update to a research paper co-authored with Capgemini estimating annual
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Digital Health | News, Analysis, Insights - HIT Consultant
ContextMedia Acquires AccentHealth To Boost Healthcare Decision Platform
ContextMedia, a healthcare decision platform has acquired AccentHealth, a patient education at the point of care platform in an all-cash purchase. The acquisition will make ContextMedia the largest healthcare decision platform at the point of care in the United States to power 500 million outpatient consultations a year.The company projects that it will have market share in seventy percent of all practices in the U.S. by 2020.Founded in 2006 by Rishi Shah and Shradha Agarwal, ContextMedia
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AMA Approves List of Principles to Support Use of Mobile Health Apps by Physicians, Patients
During the AMA Interim Meeting, physicians voted to approve a list of principles to guide coverage and payment policies supporting the use of mHealth apps and associated devices that are accurate, effective, safe and secure. While physicians are optimistic about digital health innovation and its potential medical benefits, mHealth apps and devices that are not safe and can pose threats to the health and safety of patients. AMA policy acknowledges the need to expand the evidence base necessary to
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Stasis Labs Lands $5M for Cloud-based Vitals Monitoring System
Stasis Labs, a Los Angeles, CA-based provider of cloud-powered vital monitoring system has raised $5M in seed financing led by RTP-HC, the healthcare-focused investment arm of RTP Ventures, with participation from Wonder Ventures, Techstars Ventures, and others. Founded in 2015, Dinesh Seemakurty got the idea for the startup after his grandfather was admitted to the hospital in India. His grandfather later prematurely passed away when doctors missed a deterioration in his vital signs due to a
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Cambia Health, Mosiac Health Partner to Launch Echo Health Ventures
Cambia Health Solutions and Mosiac Health Solutions have teamed up to launch Echo Health Ventures, a partnership that combines the proven digital health investment expertise of both organizations to scale funding in existing innovative solutions. Together, Echo Ventures will work to build successful new digital health companies to deliver value that is responsive to systems, providers and consumers. The healthcare system is facing a crisis – nearly 20% of Americans lack access to basic care and
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Mount Sinai Launches Patient Experience App for Android
Mount Sinai Health System has announced the launch of the Android version of its mobile app for patients, called MountSinaiNY. Developed by Mount Sinai’s Department of Information Technology, MountSinaiNY serves as a one-touch patient experience, featuring information and links that make it easier to access and use health services offered at the Mount Sinai Health System. The app was first released in the Apple App Store in June 2016. Mount Sinai chose LifeMap Solutions, a subsidiary of
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Philips, N-of-One Partner to Speed Clinical Interpretation of Cancer Genomics
Royal Philips and N-of-One, Inc., a provider of clinical interpretation of molecular tests in oncology is teaming up to enhance the capabilities of Philips’ IntelliSpace Genomics solution. The two companies will collaborate on the clinical analysis, annotation and interpretation of oncology cases processed through Philips’ new precision medicine solution for oncology.This healthcare informatics solution integrates genomic information with full patient context to empower clinicians with
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Digital Health Innovation: Paralyzed ALS Patient Operates Speech Computer With Her Mind
In the UMC Utrecht a brain implant has been placed in a patient enabling her to operate a speech computer with her mind. The researchers and the patient worked intensively to get the settings right. She can now communicate at home with her family and caregivers via the implant. That a patient can use this technique at home is unique in the world. This research was published in the New England Journal of Medicine.Because she suffers from ALS disease, the patient is no longer able to move and
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American Heart Association, Amazon Launch Cloud-Based Precision Medicine Data Marketplace
The American Heart Association (AHA) has announced a strategic collaboration with Amazon Web Services (AWS) to launch a secure cloud-based precision medicine data marketplace. The marketplace will include a vast array of curated rich datasets, that are centrally stored, easily searched and accessible, and managed on the AWS cloud. This platform enables researchers and clinicians to aggregate and analyze a rich breadth and depth of data including longitudinal cohorts, proteomic, genomic, and
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Kindly Care Launches Care Exchange to Find Right Home Care Agency
Kindly Care, a San Francisco, CA-based marketplace for senior care is announcing today the launch of Care Exchange, enabling home care agencies to collaborate with each other when recruiting, vetting, and training caregivers.Historically, home care agencies competed with each other for their caregivers, but the ever increasing shortage in caregivers is necessitating a more collaborative approach. With Care Exchange, agencies are able to refer caregivers into a shared pool database for all
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