While it is well established in other areas of business, crowdfunding for medical devices presents a new set of challenges and opportunities, and could become a passing fad rather than an encouraging new trend in the healthcare sector, says an analyst with research and consulting firm GlobalData.
According to Shashank Settipalli, GlobalData's Analyst covering Medical Devices, although medical device regulatory agencies, such as the US Food and Drug Administration (FDA), have not enacted
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Digital Health | News, Analysis, Insights - HIT Consultant
New Disposable Wearable Patch Measures Vital Signs Every 2 Mins
The monitoring of vital signs, such as pulse rate, respiration rate and body temperature, is an essential component of patient assessment. Changes in vital signs can be indicators of deterioration in a patient’s condition. However, in general care areas of the hospital, vital signs are typically taken during routine observation rounds only once every four to eight hours. If a patient deteriorates between these observation rounds, the warning signs can go undetected for hours, leading to
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How 3D Printing is Driving Innovation to Medical Specialties
Some have claimed that the advance of medical (and computer) technology is progressing at a rate faster than the human mind can assimilate. 3D printing is simply two-dimensional printing built upwards. The most exciting aspect of 3D printing involves is the promise of healthcare solutions so tailored to the individual, only “personalized medicine”—dependent on individual gene sequencing—can compete.
3D Printing in Orthopedics
3D printers emerged on the scene only to
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Teva To Acquire Gecko Health Innovations for its Smart Inhaler
Israeli generic drugmaker Teva Pharmaceuticals Industries Ltd. has reached an agreement to acquire mobile health technology company Gecko Health Innovations, Inc. The acquisition will help strengthen Teva's respiratory capabilities and help reinforce its leadership position in respiratory care. Financial terms of the deal were not disclosed.
CareTRx (formerly GeckoCap) is a cloud-based solution designed to simplify chronic respiratory disease management, connecting patients and caregivers
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CliniCloud Pulls In $5M For Its IoT Medical Home Kit
CliniCloud, the consumer digital health company bringing healthcare home with smart medical devices anyone can use, has raised $5 million in funding led by Tencent and Ping An Ventures. Additionally, CliniCloud announced a retail partnership with Best Buy to sell its first product, a connected medical kit containing a digital stethoscope, a non-contact thermometer and a mobile app that empowers patients to proactively manage their wellness at home in the U.S. and Canada, starting in
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98% of Med Students Prefer Face-to-Face Visits Over Telehealth Visits
98 percent of medical students would prefer to see their future patients face-to-face for the initial visit as opposed to telehealth visits, according to results from the 10th annual Epocrates Future Physicians of America survey. Even for follow-ups, 89 percent of students favor the traditional face-to-face exam over virtual visits. The survey of more than 1,000 medical students who use Epocrates, finds 41 percent of students turn to a medical app first for clinical answers while
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Portea Medical Raises $37.5M to Expand Home Healthcare in India
India-based home healthcare startup Portea Medical has received $37.5 million in Series B funding led by Accel. International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures and Ventureast also participated in this round. Portea works with leading hospitals, experienced doctors, nurses, diagnostic centers and others to provide in-home healthcare for patients in India & Malaysia.
The company will utilize the capital to scale the company’s expansion in India
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Solutionreach, Uber Integrate to Improve Patient Accessibility
Solutionreach, a Utah-based provider of patient relationship management solutions, announced that they have integrated with Uber, the on demand service that connects riders to local drivers through a mobile app. The integration will be used to improve healthcare by making it easier and more convenient for patients to connect to their providers.
The combination of the Solutionreach intelligence, which identifies when a patient needs to be seen by their doctor, and Uber's ability to precisely
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6 Startups Selected as Finalists in Mayo Clinic’s THINK BIG Challenge
Six digital health startups have been selected as finalists in the first Mayo Clinic THINK BIG Challenge and will compete on Oct. 1 at Transform 2015 for two $50,000 awards.
Sponsored by Mayo Clinic Center for Innovation (CFI), Mayo Ventures and AVIA Health Innovation, the Mayo Clinic THINK BIG Challenge celebrates innovative ideas in two areas:
- Got Health – promoting health maintenance and prevention
- I Am Not My Disease – helping people with chronic illnesses live better,
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Report: 5 Ways to Create A Culture of Innovation in Healthcare
Is healthcare innovation broken? According to a recent global survey of seniors executives conducted by PA Consulting Group, much of the healthcare industry's problem with innovation comes down to internal, structural resistance to change. Despite these obstacles, the healthcare leaders assert there is no shortage of good ideas in their organizations.
Barriers/Challenges to Healthcare Innovation
Healthcare senior executives identified the following four biggest challenges to healthcare
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