In December 2016, many were suggesting that wearables were dead. Fitbit’s stock price was rapidly dropping. Apple Watch sales had declined for two consecutive quarters and Pebble had just been acquired in a fire sale.What a difference a year makes. Today, Apple Watch is poised to become the world’s best selling wearable. And, the market is quickly diversifying as hearables (once again led by Apple) and clinical wearables gain importance.The lesson is clear. As we look toward 2018, it’s more
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Biotech Startup Akouos Lands $7.5M To Restore & Preserve Hearing
Akouos, a Boston, MA-based new biotechnology startup focused on restoring and preserving hearing has raised $7.5 million in seed funding led by 5AM Ventures and New Enterprise Associates (NEA), with participation from Partners Innovation Fund. Spun out of Harvard Innovation Labs in 2017, Akouos is developing novel therapies and delivery systems to prevent hearing loss and restore hearing in genetically defined patient populations.In addition to the seed round of funding, Akouos has entered into
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CVS to Acquire Health Insurer Giant Aetna for $69B: 8 Things to Know
CVS Health has agreed to acquire health insurer giant Aetna for $69 billion in a landmark deal that that will redefine access to high-quality care in lower cost, local settings whether in the community, at home, or through digital tools.This is the next step in our journey, positioning the combined company to dramatically further empower consumers. Together with CVS Health, we will better understand our members' health goals, guide them through the health care system and help them achieve their
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Health Wizz Launches Blockchain-Powered Mobile Platform for Patients to Organize Their Medical Record Data
Health Wizz has announced it's token pre-sale and the launch of it's new mobile platform that leverages blockchain, mobile technologies and data management to help consumers aggregate and organize their medical record data, then use the blockchain to securely access and share their data. As consumers gain greater awareness, they have greater expectations. They expect to be in control of their health and their health data and this includes the ability to access their health information anytime,
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Health Engagement Startup Revel Lands $17M to Expand Into New Target Markets
Revel, a data-driven health company formerly known as Healthtel has raised $17 million in growth equity from TT Capital Partners ("TTCP") to accelerate Revel's expansion into new target markets and advance the innovation and technology development of its health engagement platform. Revel health engagement platform, Revel Connect engages health insurance members in their own healthcare, enabling the healthcare system to support the individual, deliver better health outcomes and reduce unnecessary
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MDLIVE Unveils AI-Powered Chatbot to Improve Registration Process in Virtual Care Platform
MDLIVE, a virtual medical and behavioral healthcare provider has announced the launch of Sophie, an artificial intelligence (AI) powered chatbot. The artificial intelligence-powered personal health assistant, Sophie is designed to mitigate the inconvenience, difficulties associated with registration process in virtual care platforms. Sophie’s name is rooted in Greek ideology and symbolizes “wisdom.Conversation is initiated with a user based on demographics and information entered throughout the
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GE Launches Startup Drawbridge Health To Transform Blood Collection
GE Ventures has announced the launch of Drawbridge Health, a personal diagnostic testing startup developing proprietary technology designed to integrate blood draw, collection and sample stabilization into a single device. The Drawbridge solution is being designed to offer a way for healthcare providers and diagnostic testing companies to better engage their patient-consumers and help enable them to manage their own health — driving a shift from reacting to tracking.Healthcare providers using
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FDA Clears AliveCor’s KardiaBand for Apple Watch, Records Medical-Grade EKG in 30 Seconds
AliveCor, a FDA-cleared personal electrocardiogram (EKG) technology, today announced FDA clearance of KardiaBand in the U.S., allowing Apple Watch users to discreetly capture their EKG anytime, anywhere in order to quickly detect normal sinus heart rhythms and atrial fibrillation (AFib), the most common heart arrhythmia. The announcement marks first FDA-cleared medical device accessory for the Apple Watch, KardiaBand can record an EKG in 30 seconds with just a touch of its integrated sensor.
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Prognos Raises $20.5M For AI-Powered Disease Prediction Platform for Payers, Providers
Prognos, a New York City-based healthcare Artificial Intelligence (AI) startup that has been steadfastly building its AI capabilities with the goal of predicting disease has raised $20.5 million in Series C funding. Particpatnts in the round include Cigna, GIS Strategic Ventures (the venture capital arm of the Guardian Life Insurance Company), Hermed, Hikma Ventures, Maywic, Merck Global Health Innovation Fund (GHI), and Safeguard Scientifics.Prognos plans to use the funding to expand Prognos’
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Empiric Health Raises $3M to Expand Evidence-based Care Delivery Platform
Empiric Health, a health IT startup that activates evidence-based healthcare delivery to improve both clinical outcomes and operational efficiency has raised $3M in seed funding from Intermountain Helathcare. The company plans to use the seed funding to to commercialize and expand the company's service offering and workflow optimization tools, which will help health systems uncover and address variations in procedures and improve outcomes.Formed by Intermountain Healthcare and Oxeon earlier this
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