Tehealth leader, American Well has raised $81 million in Series C funding to expand telehealth videos with patients, according to a SEC filing. American Well immediately connects U.S. board-certified physicians with patients for live, on-demand video visits 24-7, and handles all related administrative, security and record keeping functions. See below for the full release details.
“Telehealth is about to completely change how people get healthcare,” said Doug Wenners, Senior Vice President for
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Technology
KLAS: Phytel Takes Lead in Population Health Vendor Market Race
Population health management is one of the hottest emerging markets in the health IT space and vendors are quickly racing to carve out market share.70% of providers report that they see tangible benefits to patient care when using certain population health vendors, according to KLAS. But with so many PHM vendors and very little data, healthcare providers are having a hard time identifying who is the best vendor to help them maximize the benefits of their population health efforts.
To
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Global Telehealth Market Set to Double in 5 Years
The global telehealth market is set to nearly double in next 5 years due to the demand for high-quality healthcare and remote patient monitoring, according to a new report by ReportsnReports.com. Analysts forcecasts the telehealth market togrow at a CAGR of 18.88 percent over the period 2014-2019.
Enhancing Mobile Health Reach
While all major players in the market are focusing on R&D to launch innovative products and services, there is also a sense of urgency among vendors regarding the
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Walgreens to Offer Telehealth Visits Through MDLIVE
Drugstore gaint Walgreens has announced the expansion of its telehalth platform to offer telehealth visits through MDLIVE, provider of telehealth services that will give Walgreen customers 24/7 access to U.S. board-certified doctors through its mobile application. The collaboration aims to transform retail digital healthcare delivery and compete against competitors Rite Aid and CVS who already have similar telehealth offerings. Last year, Walgreens launched its Pharmacy Chat feature,
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Florida Blue to Offer HealthSpot’s Telehealth Kiosks in Miami
Florida Blue and Miami Children's Hospital have partnered to offer HealthSpot's telehealth kiosks at the company's retail center in Miami for Florida Blue members. The HealthSpot® station – a private, 8-foot-by-7-foot telehealth kiosk is equipped with a stethoscope, scale, blood pressure cuff, pulse oximeter, thermometer, otoscope and magnascope to stream medical information to the provider and patient. The station is also supported by an on-site accredited medical attendant. The
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InfoBionic Nabs $17M to Expand its Remote Patient Monitoring Platform
InfoBionic, Inc., a provider of patient monitoring solutions for chronic disease management announced that it completed the second tranche of a $17 million Series B financing round led by new investors Excel Venture Management and Zaffre Investments. The company also named Steven R. Wasserman as Chief Financial Officer and William G. Swavely as Senior Vice President, IT. Capital raised from this round will be used to commercialize Infobionic's MoMeTM System, a remote patient monitoring platform
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41% of Providers Are Not Reimbursed for Telehealth Services
41 percent of providers are not reimbursement for telehealth services and 21 percent received lower rates from managed care companies for telemedicine than for in-person care, according to a recent survey by Foley & Lardner.The survey asked senior executives of for-profit and non-profit health care providers about the future of telemedicine and how their organizations are navigating regulatory and reimbursement hurdles, as well as other barriers to widespread adoption of
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Xerox Invests in HealthSpot To Accelerate Deployment of Telehealth Kiosks
Xerox announced today it is investing in HealthSpot Inc., a pioneer in patient and provider driven healthcare technologies. HealthSpot’s telehealth platform allows patients to interface via Skype with nationally recognized doctors and healthcare professionals in a 40-square-foot telehealth kiosk. The average visit takes just 15 minutes, offering patients convenient and affordable access to doctors. The terms of the investment were not disclosed.
Investment Details
With Xerox’s investment,
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Rite Aid to Test HealthSpot Telemedicine Kiosks in Ohio Stores
Rite Aid Corporation announced on Friday it will pilot HealthSpot's enclosed telemedicine kiosks in select Ohio stores. The partnership marks the first major partnership with a nationwide pharmacy chain for the Dublin, OH based telehealth startup. The initial pilot markets for Rite Aid are Cleveland, Akron, Canton, Dayton and Springfield.
Rite Aid customers who use the telemedicine kiosk will be able to connect with a network of physicians including staff at the Cleveland Clinic and other
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93% of Telehealth Video Calls Replaced Doctor Visits
93 percent of all telehealth video calls with First Stop Health doctors avoided expensive and time-consuming trips to doctors' offices or emergency rooms, according to recent analysis conducted by telehealth and advocacy service provider First Stop Health. These medically unnecessary office and ER visits would have cost an average of $103 and $1,067, respectively, according to a fee schedule published by physicianspractice.com. Given that the average family of four goes to the doctor about 14
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