What You Should Know:
- Alphabet’s Verily has established a new subsidiary,
Coefficient, with a mission to create value by combining innovative health
technology solutions with new insurance and payment models. Verily is the
majority shareholder and Swiss Re Corporate Solutions, an established player in
the employer stop-loss market, has a minority stake in the new company.
- Coefficient will enter a segment of insurance called
employer stop-loss. Employer stop-loss typically protects
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Verily Launches Healthy at Work Program for COVID-19 Screening & Testing
What You Should Know:
- Verily launches Healthy at Work Program providing
ongoing COVID-19 screening and testing for a healthy return to work and school
to communities across the nation.
- The Healthy at Work program combines symptom screening, testing services, and data analytics. Employees, students, or others designated to participate in the program can use the online interface to record health symptoms each day.
Today, Verily, an Alphabet
company, has announced a new Healthy
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Verily Launches Joint Venture to Develop & Commercialize Ophthalmic Devices
- Alphabet company Verily and Santen Pharmaceutical launch joint venture focused on developing and commercializing ophthalmic devices and comprehensive tech-enabled solutions.
- The joint venture will focus on tackling ophthalmic conditions, such as glaucoma and dry eye.
Santen Pharmaceutical
Co., Ltd. and Verily, an Alphabet
company, announced the establishment of a joint venture focused on applying
microelectronics and scalable digital technologies to ophthalmology. The new
joint
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Alphabet’s Verily, Wake Forest Baptist Health Partner on Healthy Aging Research
- Alphabet’s Verily is partnering with Wake Forest Baptist Health on a healthy aging research project to develop more effective ways to connect patients with healthcare professionals and the resources needed to better deliver long-term rather than episodic care.- The research partnership will test interventions that promote physical and cognitive independence and facilitate greater involvement of older adults in decisions related to their health and wellness preferences.Verily, an Alphabet
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Research: October Health IT M&A Activity, Public Company Performance
- Healthcare Growth Partners (HGP) summary of Health IT/digital health merger & acquisition (M&A) activity, and public company performance during the month of October 2019
During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma.
The
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Google Parent Company Alphabet Reportedly in Talks to Acquire Fitbit
- Google’s parent company, Alphabet has made a bid to acquire Fitbit, according to sources familiar with the matter. - The speculation drove Fitbit’s stock by more than 30%.Google parent company Alphabet has made a bid to acquire fitness wearable company Fitbit, according to sources familiar with the matter. At this time, there is no definite if the negotiations between Google and Fitbit will lead to any deal, Reuters reports.The digital health and wellness market is crowded, with an estimated
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Google Appoints Karen DeSalvo As First-Ever Chief Health Officer
Karen DeSalvo, Chief Health Officer at Google
- Google appoints former ONC chief Dr. Karen DeSalvo as the company’s first-ever Chief Health Officer to further establish its aggressive movement in the healthcare market.
- In her new role as Chief Health Officer, she will report to former Geisinger Health CEO David Feinberg.
Dr. Karen DeSalvo, who served as National Coordinator for Health Information Technology and Assistant Secretary for Health (Acting) during the Obama
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Why Healthcare Is Finally Moving To The Cloud
Dr. Gautam Sivakumar, CEO and Founder of Medisas
When I started in this industry, the idea that we would put patient information in the cloud was an absurdity. How on earth could anyone justify putting the most sensitive information in our personal lives somewhere other than a locked cupboard, in the safety of a hospital? We would never dream of letting paper patient charts leave the hospital or clinic, so why would we let them leave simply because they are electronic?
Historically, security
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iRhythm, Verily Collaborate to Develop Atrial Fibrillation Detection Solution
- iRhythm and Verily collaborate to develop health management solutions for atrial fibrillation patients.- The iRhythm and Verily collaboration aims to address this underserved population at risk for asymptomatic or silent AFib.- iRhythm will make an upfront payment to Verily of $5 million and potential milestone payments of up to $12.75 million.iRhythm Technologies, Inc. is teaming up with Verily, an Alphabet company focused on the development of digital health solutions aimed at improving the
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Verily Launches Baseline Health System Consortium with Duke, Mayo, Vanderbilt
Verily, an Alphabet company, today announced a new Project Baseline initiative, the Baseline Health System Consortium, comprised of Verily, Duke University Health System, Vanderbilt University Medical Center, University of Mississippi Medical Center, Mayo Clinic, Regional Health in South Dakota and the University of Pittsburgh. Verily launched Project Baseline in 2017 with the Project Baseline Health Study to develop the technology and tools to help researchers create a more comprehensive map of
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