Digital health market is expected to reach $379B, representing to register a CAGR (compound annual growth rate) of 26% over 2017-2024, according to a recent Global Market Insights report. The recent decades have witnessed an augmented development in terms of technology – a trend that has propelled digital health market to traverse a path of exponential growth.In the present healthcare industry scenario, a patient can schedule an appointment with the doctor, seek medical advice, view medical
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Valencell Nabs $10.5M to Expand Wearable Biometric Sensor Technology
Valencell, a Raleigh, NC-based developer of wearable biometric sensor technology, has raised $10.5M in Series E financing led by Sonion with participation from existing investors TDF Ventures, GII LLC, and WSJ Joshua Fund. The startup plans to utilize the funding to expand its biometric sensor technology and team. The latest round brings the total amount of funding raised to date to $35 million.Many people think you can create accurate biometric wearable devices by piecing together some LED’s,
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BioTel Care Unveils Next-Gen Wireless Blood Glucose Monitor for Diabetes Management
BioTel CareTM (formally known as Telcare), a BioTelemetry company has announced the release of its next-generation wireless blood glucose monitor for diabetes management. BioTel Care developed the first FDA-cleared, cellular-enabled glucometer which supports real-time transmission and consolidation of patient data in an FDA-cleared cloud. Building on the success of this technology, BioTel Care is launching its next-generation blood glucose monitor, which includes an innovative touch-screen user
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Telehealth App Medici Lands $22M to Re-imagine the Doctor-Patient Relationship
Medici, an Austin, TX-based digital health startup focused on the future of doctors and patients has raised $22 million in Series A funding from individual investors including executives from well-known global companies such as Citadel, Dell, Publix, and Starwood Capital. The latest round brings the total amount of funding raised to date to $46.6 million.Today’s doctors are buried with regulatory requirements, administrative hurdles and downward pressure on their own costs to run their
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Benchling Raises $14.5M for Biologics Platform to Streamline R&D for Scientists, Researchers
Benchling, a San Francisco, CA-based biologics platform for scientists, research managers, and executives to streamline and track R&D from discovery to bioprocessing, today announced it has raised $14.5M in Series B funding led by Benchmark. The round also included participation from from F-Prime Capital, a global venture capital firm associated with Fidelity Investments, and returning investor Thrive Capital. Benchling plans to utilize the funding to accelerate product development and
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Google Recognizes Doctor.com as Only Google My Business Partner for Healthcare
Doctor.com, the first customer experience platform purpose-built for the healthcare industry, today announced that it has officially been recognized by Google as the only healthcare-exclusive organization to be a Featured Google My Business (GMB) Partner. This partnership enables Doctor.com clients to have unparalleled control over the Google My Business listings for all of their providers and facilities, a task which is often challenging for healthcare organizations.Doctor.com's platform
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Hackensack Invests in Home Care Robot, Pillo Through $25M Innovation Fund
Hackensack Meridian Health, today announced it has invested in Pillo, an AI-powered home care robot companion that empowers patients to better manage their health at home, connecting them to caregivers and family members. The investment marks the first product funded through Hackensack Meridian Health’s $25 million innovation program to support the improvement of health care delivery. The health network’s novel incubator has vetted many products and strategies to streamline care delivery, reduce
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UCHealth to Create Healthcare Innovation Hub in Denver to Transform Healthcare Delivery
UCHealth’s innovation team, today announced it will develop a healthcare innovation hub in Denver that will leverage brilliant minds both inside and outside the health system – to help transform health care delivery of the future. The new healthcare innovation hub will be housed at the Catalyst Health-Tech Innovation building in Denver’s River North District (RiNo) as one of the facility’s largest tenants.The hub will bring together more than 70 organizations that will all work together in a
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GPB Capital Acquires Revenue Cycle Provider Health Prime International
GPB Capital, today announced it has acquired a majority ownership take in Health Prime International (HPI), a National Harbor, MD-based provider of practice management and revenue cycle management solutions for medical practices. GPB Capital plans to optimize HPI’s product offerings by integrating HPI with its existing healthcare IT portfolio companies including Cantata Health, Itelagen Healthcare, MDS Medical, Meta Healthcare IT Solutions. Financial terms of the acquisition were not
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Brook Lands $4M for AI-Powered Diabetes Assistant App, Partners With Independent Health
Brook, a Seattle-based personalized diabetes assistant app platform for personal empowerment and intelligent support has raised $4M in funding from a group of investors. In addition to the funding, the startup has inked a strategic partnership with Independent Health, a Western New York State health plan to provide enhanced resources to help its 380,000 members self-manage their care and make the best decisions about their health. The partnership builds on the 2017 pilot program with Independent
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