This year marks the tenth anniversary of the launch of the first handheld ultrasound scanner, GE Healthcare’s Vscan, yet the market has largely failed to live up to expectations. In 2018, sales of handheld ultrasound accounted for less than 2% of the $6.9 billion global markets for ultrasound equipment. The relatively high cost and limited performance of early generation handhelds were limiting factors. Steady product improvements over the years, coupled with fresh innovation from new market
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CareDx Acquires OTTR for $16M to Enable EMR Integrations at Transplant Centers
CareDx, Inc., a molecular diagnostics company focused on the discovery, development, and commercialization of clinically differentiated, high-value diagnostic solutions for transplant patients has agreed to acquire OTTR Complete Transplant Management (“OTTR”), a provider of organ transplant patient tracking software.Financial DetailsCareDx will pay approximately $16M to acquire OTTR and intends to fund the transaction with cash on hand. For the full year 2019, OTTR’s revenue is projected to be
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Digital Twin Technology: Should Healthcare Jump on the Bandwagon?
Source: The Living Heart Project
While healthcare is known for not jumping to conclusions very fast when investing in new technology, the industry starts to pick up the pace. Such “newcomers” as blockchain, IoT, VR, and AR get a well-deserved appraisal and become an integral part of next-gen custom healthcare software aimed at supporting personalized treatment and predictable patient outcomes across a wide range of conditions.
We anticipate that the digital twin technology has good chances
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Verisk, Human API Partner to Transform Life Insurance Underwriting and Portfolio Tools
Verisk, a leading data analytics provider, and Human API, a health data network, announced plans to work together on Verisk`s new InsurTech tools. Leveraging electronic health record (EHR) data collected by Human API, Verisk`s solutions will help revolutionize how life insurers underwrite coverage and manage in-force portfolios.Verisk/Human API Partnership DetailsAs part of the effort, Verisk will analyze EHR data obtained by Human API and produce risk scoring and benchmarking information for
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GoCheck Kids Nabs $6M for iPhone App That Detects Amblyopia in Pre-Verbal Children
GoCheck Kids, the creators of an FDA-registered and CE certified iPhone app that screens for amblyopia in pre-verbal children used by over 4,500 pediatricians announced it has raised $6M in Series B funding led by FCA Venture Partners. The investment will be used to add artificial intelligence capabilities with Apple’s CoreML and ARKit and accelerate further electronic health record (EHR) integrations.
Amblyopia: The Leading Cause of Vision Loss in U.S. Children
According to the CDC,
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Vital Lands $5.2M for AI-Powered Emergency Department Platform
Vital, an Atlanta, GA-based AI-powered software increasing productivity and improving patient health in hospital emergency rooms has raised $5.2M led by First Round Capital and Threshold Ventures (formerly DFJ Venture). The seed round also includes participation from Bragiel Brothers, Meridian Street Capital, Refactor Capital, and SV Angel, with angel investment from Vivek Garipalli, CEO of CloverHealth; and Nat Turner and Zach Weinberg, founders of Flatiron Health. Josh Kopelman, founder, and
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Mayo Clinic, ASU Unveils Six Digital Health Startups for Inaugural MedTech Accelerator Cohort
The MedTech Accelerator, a collaborative effort between Mayo Clinic and Arizona State University has announced the selection of six digital health startups for its inaugural cohort. The MedTech Accelerator provides medical device and healthcare IT early-stage companies with personalized business development plans to collaborate with Mayo Clinic and ASU and accelerate go to market and investment opportunities. Benefits of Accelerator for Selected StartupsThe immersive experience will help
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Innovaccer Launches AI-Powered Pediatric Care Management Solution
Innovaccer Inc., a San Francisco-based data activation company, today announced the launch of its Pediatrics Care Management solution specifically designed to bring the entire care network together to fulfill every child’s needs. The solution will assist pediatric care organizations in bringing together information that spans across multiple venues, clinicians, and stages of life.Pediatric-Specific Measures Are Not Widely AvailableValue-based payment reforms have made quite an impact on US
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What The Failure of Microsoft’s HealthVault Means for the Future of EHRs
Microsoft recently announced that it is officially shutting down HealthVault at the end of this year. HealthVault was Microsoft’s attempt at a web-based personal health record system. You probably never used it -- it suffered low adoption. But while HealthVault will shut down, mobile apps that collect and store your personal health information and share it with your healthcare team are poised to revolutionize medicine and wellness practice.
The downfalls of HealthVault included its focus on
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PathAI Lands $60M to Accelerate AI-Powered Pathology Platform
PathAI, a Boston, MA-based provider of AI-powered pathology platform has raised $60M in Series B funding led by General Atlantic with strong participation from General Catalyst and other existing investors. General Atlantic Managing Director Dr. Michelle Dipp will be joining PathAI’s board of directors.Advanced Learning Towards Faster More Accurate Diagnosis of DiseaseCo-founded by Chief Executive Officer Dr. Andy Beck in 2016 with the mission to offer faster, safer and more powerful solutions
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