FCC Chairman Ajit Pai
The Federal Communications Commission (FCC) on Thursday took action to promote telehealth in rural America through reforms to the Rural Health Care Program that ensure limited program funds are disbursed efficiently and equitably, promote transparency and predictability in the program’s administration, and strengthen safeguards against waste, fraud, and abuse.
The announcement revises the rules governing the Telecom Program to simplify calculation of the urban rate—the
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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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Cleveland Clinic Study: Propeller Health’s Smart Inhalers Reduces Hospitalizations, ER Visits for COPD Patients
Cleveland Clinic today released research that uses Propeller Health’s smart inhaler platform to show that digital medicines significantly reduced hospital visits for COPD patients. COPD is a term applied to a family of diseases that includes emphysema, chronic bronchitis, and emphysema due to alpha-1 antitrypsin deficiency. The research findings published in The Journal of Telemedicine and Telecare marks the first-ever research to assess the impact of a digital medicine on healthcare utilization
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Redox Lands $33M for Scalable Healthcare Data Interoperability Platform
Redox, a Madison, WI-based company that
is changing the way healthcare providers and software vendors share data has
raised $33 million in Series C funding led by Battery Ventures. The Series C
round also included participation from existing investors .406 Ventures, RRE
Ventures, and Intermountain Ventures.
Finally. A Scalable Way to Exchange Healthcare Data
Currently, inconsistent data formats and redundant connections slow, or completely prevent the flow of critical health information,
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March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary
A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Why Walmart Centers of Excellence Model Could Redefine How Employers Deliver Quality Care
Mitigating the cost of healthcare expenses has long been an uphill battle for employers, though the problem has become particularly pressing in recent years. The price tags for routine treatments and specialty services alike are on the rise; patients and payers alike shoulder heavy cost burdens for everyday care needs. The benefits packages that may have provided sufficient coverage a decade ago are now stretching to cover costs -- and the companies paying out those benefits are desperately
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AI in Healthcare, VR/Mixed Reality, Robotic Surgery Among Top 10 Medical Innovations for 2019
This week, Cleveland Clinic unveiled their annual Top 10 Medical Innovations of 2019 selected by a panel of Cleveland Clinic physicians and scientists, led by Michael Roizen, M.D., Chief Wellness Officer at Cleveland Clinic.Ranked by anticipated importance, here are the Top 10 Medical Innovations of 2019: 1. Alternative Therapy for Pain: Fighting the Opioid CrisisPharmacogenomic testing, which uses a patient’s genetic makeup to predict an individual’s metabolism of drugs, including some
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Cleveland Clinic Adds EHR Data to Apple Health Records on iPhone for Patients
On Tuesday, Cleveland Clinic announced that patients can now access their personal health data via the Apple Health Records on iPhone feature. The new functionality provides another convenient way for patients to access their personal health data in addition to using the Epic MyChart via computer or downloading the app. Both ways provide patients the ability to access:- Allergies- Conditions- Immunizations- Lab Results- Procedures & Vitals- Organized medical information from various
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Cleveland Clinic, JumpStart Partner to Create Biotech/Digital Health-Focused Accelerator
Cleveland Clinic and JumpStart Inc. have announced a three-year partnership with Silicon Valley-based Plug and Play to create a new accelerator focused on biotech and digital health innovation in downtown Cleveland’s Global Center for Health Innovation.As part of the partnership, the three organizations will work together — with support from Ohio Third Frontier and additional institutions and corporations — to attract dozens of U.S. and international biotech/digital health startups to Cleveland
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Cleveland Clinic Selects PierianDx Platform to Accelerate Precision Medicine
Cleveland Clinic has selected PierianDx to utilize its integrated “one space” workflow and analysis solution, Clinical Genomicist Workspace (CGW), to advance precision medicine for patients. By joining the PierianDx customer network, Cleveland Clinic can now access the shared constitutional and somatic genomic data within CGW’s knowledge base, a robust database comprised of millions of biomedical findings driven by public and highly curated sources.PierianDx enables clinical labs to deliver
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