Digital health funding reached a new record of $3.4 billion across 193 deals in the first half of 2018, according to Rock Health, a full-service venture fund dedicated to digital health.The 2018 Midyear Funding Review reveals a maturing market with an increasing number of digital health companies are hitting key validation milestones, creating a stable funding environment based on proven outcomes;investors are taking notice and rewarding companies with larger deals. The average deal size
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Caradigm Sale – The Final Step in GE’s Exit From PHM/Value-based Care?
- On 13th June 2018, cancer informatics and digital pathology workflow vendor, Inspirata, announced that it was purchasing GE Healthcare’s remaining population health management (PHM) interest, Caradigm- This follows the announcement in April 2018 that GE Healthcare was selling its ambulatory value-based care business to Veritas Capital- This latest announcement now means that GE Healthcare has exited the population health management market from both an enterprise and ambulatory perspective- It
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SMART Brain Aging Launches First Scientifically-Supported App for Early Stage Dementia
Healthcare technology company SMART Brain Aging, Inc. has announced that its one-on-one patient intervention program for aging brain health -- Brain U Online -- is now available to adults age 50+ through online subscription and iOS app, Brain U Lite. The new program is the result of 5 years of clinical trials with more than 3,000 participants at Harvard Medical School/Boston University School of Medicine. Used by the country’s leading memory care facilities, Brain U Online and Brain U Lite are
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NIA Awards $4.5M Grant to Develop In-Home Care Solutions for Dementia Caregivers
The National Institute on Aging (NIA) has awarded $4.5 million over three years to white label Internet of Things (IoT) software provider, People Power to focus on developing in-home care supportive solutions for dementia caregivers. National Institute on Aging mission is to improve the health and wellness of older Americans through biomedical, social and behavioral research focused on aging processes and age-related diseases. The results of the collaborative research with University of
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Amazon Acquires Online Pharmacy Startup PillPack
Amazon, today announced it has entered into an definitive agreement to acquire online pharmacy startup, PillPack for an undisclosed amount. The deal will allow Amazon further entry into healthcare with an on-demand online pharmacy and drug distribution platform.Founded in 2013, PillPack is an online pharmacy that delivers medications in pre-sorted dose packaging, coordinates refills and renewals, and makes sure shipments are sent on time. The service is designed to provide the best possible
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Cedar Raises $36M for Modern Patient Financial Management Platform
Cedar, the patient financial management platform for hospitals, health systems and independent medical groups, today announced a Series B fundraising round of $36 million, led by the global investment company Kinnevik. Participants in the round include existing investors Founders Fund and Thrive Capital, as well as Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health. Cedar plans to use the funding to further invest in the next generation of its innovative
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HSBlox Unveils Healthcare Blockchain Referral Management Solution
HSBlox, a technology company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its Advanced Referral Manager (ARM) solution, which utilizes blockchain technology to automate the referral administration process, resulting in decreased network leakage, time and money savings for payers and providers, and enhanced patient care.Current market challenges reveal high costs and manual processes associated with referral administration,
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Medalogix Deploys New Predictive Analytics Predictive Analytics for Home Health Utilization
Nashville-based healthcare data science company, Medalogix, announced today its newest product, Medalogix Care. This home health utilization management solution leverages predictive analytics and optimization technology to provide guidance on patient care plans to healthcare providers, based on the historical analysis of millions of patient records, care plans and outcomes. The announcement comes after Vanderbilt University Medical Center’s Health Economists peer-reviewed Medalogix’s models and
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Partners Healthcare Taps Circulation to Bring On-Demand Medical Transportation to Patients
Circulation Health, a on-demand medical transportation exchange that coordinates transportation logistics for health organizations, today announced an agreement with Partners Healthcare, an integrated, not-for-profit health system with facilities in Massachusetts and New Hampshire.As part of the collaboration, Partners will utilize Circulation's on-demand ride technology, which interfaces with Lyft, to move patients to and from their appointments. The relationship also allows for expansion to
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DreaMed Diabetes Granted FDA Approval for Personalized Diabetes Decision Support Solution
DreaMed Diabetes, an Israeli-based developer of personalized diabetes management solutions, today announced that the U.S Food and Drug Administration (FDA) has granted a De Novo request for DreaMed Advisor Pro, an artificial intelligence (AI)-based diabetes treatment decision support software. Advisor Pro is indicated to assist healthcare providers in the management of people with type 1 diabetes who use insulin pumps and continuous glucose monitoring (CGM).The announcement marks the second
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