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Amazon | AWS | Healthcare Innovation | News, Analysis, Insights - HIT Consultant

Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

by Healthcare Growth Partners (HGP) 04/12/2021 Leave a Comment

Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response.  Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated.  Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.  By comparison, Q1 of 2020 saw $3.2 billion and 127 investments.  Health IT
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AWS Launches Next Phase of Diagnostic Development Initiative

by Fred Pennic 04/12/2021 Leave a Comment

Amazon Web Services Launches Next Phase of Diagnostic Development Initiative

What You Should Know: - Today, Amazon Web Services (AWS) launched the next phase of Diagnostic Development Initiative and expanded funding scope. - In the first phase of the initiative, AWS has supported 87 organizations to date through this effort ranging from startups, nonprofits, research institutions, and businesses in 17 countries and awarded $8 million in computing credits and customized expertise from AWS Solutions
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Next-Generation Cloud Storage: Enabling Collaboration & Analytics for Pharma Research

by Russ Kennedy, Chief Product Officer, Nasuni 03/29/2021 Leave a Comment

Next-Generation Cloud Storage: Enabling Collaboration & Analytics for Pharma Research

Pharmaceutical companies today are distributed, global organizations, with research centers, manufacturing facilities, and regulatory management hubs spread all over the globe. To develop new treatments and bring them to market, all of these different functions need to collaborate more closely than ever. Using traditional, on-premises storage technologies, however, makes it difficult to share data quickly and securely, especially given that the research and manufacturing process can generate
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Novo Nordisk, TetraScience Partner on Cloud-Based Instrument Data Platform

by Jasmine Pennic 03/23/2021 Leave a Comment

What You Should Know: - Novo Nordisk A/S, a leading global healthcare company, and TetraScience, the leading global Life Sciences R&D Data Cloud, announce a new partnership to design a cloud-based instrument data platform for drug R&D, built natively on Amazon Web Services. - Novo Nordisk will leverage the TetraScience Platform for automated instrument data acquisition and scalable in-cloud processing from heterogeneous sources and data streams, including plate readers, robotic
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Why Patients, Not EHRs, Deserve our Undivided Attention

by Prayus Tailor, MD, FASN 02/24/2021 Leave a Comment

Why Patients, Not EHRs, Deserve our Undivided Attention

We cannot earn patients’ trust and respect if we are tethered to a computer in the exam room, navigating the EHR concurrent to a visit or otherwise in a hurry to finish so we can return to our office where data entry to the EHR awaits us. ______________________________________________________ I am a physician married to a physician, and for years, our evenings consisted of putting the kids to bed, then sitting next to each other, laptops open, finishing our charting. If you are a
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HealthTensor Secures $5M to Scale AI-Powered Medical Diagnosis Platform

by Fred Pennic 02/02/2021 Leave a Comment

HealthTensor Secures $5M to Scale AI-Powered Medical Diagnosis Platform

What You Should Know: - HealthTensor, an LA-based startup that uses AI to ensure no medical diagnoses are overlooked, has raised $5 million to scale operations. - To date, HealthTensor has helped physicians write more than 2,000 notes and has identified overlooked medical conditions in 95% of cases. HealthTensor, an LA-based artificial intelligence digital health startup that is creating software to help augment medical decision making, announced today that it has raised a $5 million
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To Beat COVID-19, We Need A Modern Approach to Public Health Data

by Ed Simcox, Chief Strategy Officer at LifeOmic 01/20/2021 Leave a Comment

To Beat COVID-19, We Need A Modern Approach to Public Health Data

The COVID-19 pandemic, which has taken 270,000 American lives to date, has shined a light on another crisis — the U.S. currently has no standardized system for reporting public health data. Health departments all over the country resort to using paper, fax, phone, and email to transmit and receive critical information, and essential healthcare workers are spending precious time retyping data into systems from printed reports and PDFs. At the heart of this lack of a centralized infrastructure
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Traditional RESTful APIs Will Not Solve Healthcare’s Biggest Interoperability Problems

by Brian Platz, Co-CEO and Co-Chairman of Fluree 01/12/2021 Leave a Comment

Traditional RESTful APIs Will Not Solve Healthcare's Biggest Interoperability Problems

Interoperability is a big discussion in health care, with new regulations requiring interoperability for patient data. Most approaches follow the typical RESTful API approach that has become the standard method for data exchange. Yet Health Level Seven (HL7), with its new Fast Healthcare Interoperability Resources (FHIR) standard for the electronic transfer of health data, is leading to a rash of implementations that, to date, are not solving core interoperability issues.  Data is still
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Xealth’s CEO Shares Impact of Digital Health in 2020 and What’s Ahead in 2021

by Fred Pennic 01/07/2021 Leave a Comment

Xealth’s CEO Shares Impact of Digital Health in 2020 and What’s Ahead in 2021

HIT Consultant sat down with Mike McSherry, CEO, and co-founder of Seattle-based digital prescription platform Xealth to discuss digital health lessons learned in 2020 and what we can expect in 2021. As Xealth’s CEO, Mike also works with Duke Health, UPMC, Atrium Health, and The Froedtert & the Medical College of Wisconsin health network where he uses his background in digital health to connect patients and care teams outside of traditional care settings.  HITC: In 2021, How can digital
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Amazon, AstraZeneca, Pfizer, Merck to Build $10M Digital Health Innovation Lab in Israel

by Fred Pennic 12/29/2020 Leave a Comment

Amazon, AstraZeneca, Pfizer, Merck to Build $10M Digital Health Innovation Lab in Israel

What You Should Know: - Pfizer, AstraZeneca, Merck, and Teva, and Amazon Web Services (AWS) has been selected by the Israel Innovation Authority to establish an innovation lab in the fields of digital health and computational biology. - The innovation lab located in the Rehovot Science Park will receive a government budget of $10M over the next five years and is slated to start operations in 2021. Pfizer, AstraZeneca, Merck, and Teva, as well as the Israel Biotech Fund and tech
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