Summary of Health IT/digital IPOs, merger & acquisition (M&A) activity, and public company performance during the month of July.
Digital Health IPOs in July
Source: Healthcare Growth Partners (HGP)
Breaking the digital health IPO drought, there were four initial public offerings (IPOs) during a five-week period from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare. The last health IT companies to reach IPO were iRhythym Technologies and
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NYC Health + Hospitals Launches Primary Care-Centered Diabetes Management Program
NYC Health + Hospitals, the largest public health care system in the nation announced the launch of a comprehensive, primary care-centered diabetes management program. The diabetes management program includes investing in new clinical pharmacy staff, equipment, and technology to improve health outcomes and expand services through telehealth techniques for more than 60,000 New Yorkers with diabetes who receive care in the City’s public hospitals and community-based health centers.Impact of
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Tele-ICU: Advancing from Triple Aim to Quad Aim with Improved Critical Care Team Satisfaction
Dr. S. Ram Srinivasan, Chief Medical Officer at Advanced ICU Care.
Tele-ICU is increasingly being recognized for its ability to improve the satisfaction of high-acuity care teams, which can ultimately impact the ability to enhance patient outcomes.
Since 2007, hospitals and healthcare systems in the U.S. have been driving toward a common set of goals: The Triple Aim. This model broadly calls for enhancing the patient experience, improving population health, and reducing the per capita
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Reducing Preventable Medication Errors and Adverse Drug Events
Dr. Chris Hobson, MD MBA, Chief Medical Officer at Orion Health
Using a Health Information Exchange (HIE), clinicians across multidisciplinary care teams can access a patient’s medications, reconcile the list and monitor their progress, thereby reducing medication errors and future costs from preventable hospital admissions.
Multiple factors combine to make the prescribing, supplying and taking of medications a perilous and costly issue for patients and the healthcare sector. Prescription
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Philips Acquires Patient Navigation Platform Medumo
Philips has acquired Boston-based patient navigation platform Medumo for an unclosed sum, according to CBNC reports. Founded in 2013, Medumo helps hospitals, surgical centers, and care teams automatically guide patients throughout their care journey. The company has raised a total of $2.1M. Its patient navigation platform ensures that patients appropriately schedule, show up on time, have all their pre-appointment tasks completed, and continue to follow instructions when they go home after their
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Geisinger Selects EarlySign to Apply AI Algorithms to Identify Patients At Risk of Lower GI Disorders
Geisinger Health System announced it is partnering with machine learning solution provider EarlySign to develop AI-based solutions to identify individuals at risk of a range of chronic and high-burden diseases. The multi-year agreement will begin by deploying EarlySign’s LGI Flag through Geisinger’s Steele Institute for Health Innovation – to identify patients at risk of lower gastrointestinal conditions – including colorectal cancer and precancerous adenomas. This partnership follows the
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Rimidi Adds Aggregated Cardiovascular Disease EHR Data to Platform
Across the United States, cardiovascular disease (CVD) continues to threaten populations. It’s the leading cause of death, with nearly half of all U.S. adults suffering from some form of CVD. Rimidi, a cloud-based software platform that enables personalized management of chronic cardiometabolic conditions across the population has expanded its cloud-based platform to include a view for CVD. Working within the electronic health record (EHR) workflow, clinicians can seamlessly navigate between the
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Analysis: Philips’ Evolution to a Pure-play Healthcare Technology Vendor
The last two-to-three years we have seen Philips complete its transformation into a pure-play healthcare technology vendor. It has reduced its interest in its remaining non-healthcare business Philips Lighting/Signify (now owning only a 16.5% share), made 16 healthcare technology acquisitions since the start of 2017 and organized its internal business units into three core healthcare technology segments, Personal Health, Diagnosis & Treatment and Connected Care. A few weeks ago, several of
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Livongo Announces Bi-directional Integration with Apple, Fitbit, Samsung Smartwatches
Livongo, a leading Applied Health Signals company empowering people with chronic conditions, today announced the launch of a bi-directional integration with the top smartwatches in the market, including leading models from Apple, Fitbit, and Samsung. Livongo Members can now connect their smartwatches to the Livongo mobile app to receive real-time Livongo notifications on the surface of their choice enabling Livongo to provide more timely and relevant information to Members and their care
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Digital Prescribing Platform Xealth Raises Additional $3M to Close $14M Series A Round
Xealth, a Seattle-based digital prescribing platform has raised an additional $3 million in its Series A financing, bringing the amount raised in this round to $14 million total. New investors Atrium Health, Cleveland Clinic and MemorialCare Innovation Fund join McKesson Ventures, Novartis, Philips, ResMed, Threshold Ventures (formerly DFJ Venture), Providence Ventures, UPMC and Froedtert and the Medical College of Wisconsin health network. Investments from this round will be used to advance the
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