In 2017, CVS Caremark established a hyperinflation drug removals program to help rein in skyrocketing pharmaceutical costs for its clients. This program reviews drug price inflation on a quarterly basis and removes drugs with especially big price tags with lower-priced, clinically equivalent alternatives. CVS Caremark’s hyperinflation drug removal program was able to save clients more than $15 per 30-day supply, spending $88.30 on average (per 30-day supply) compared to $102.58 for those on
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Emory Researchers to Use Wearable ECG Patch to Predict Coronary Artery Disease
· New Emory University study is using VivaLNK’s medical wearable ECG sensors to evaluate autonomic function in predicting coronary artery disease (CAD).· VivaLNK’s ambulatory ECG patch will study patients undergoing coronary angiography in order to measure autonomic function. · The research goal is to better understand the role of the autonomic nervous system in depression and coronary artery disease, and to develop better tools for clinical assessment.An Emory University study is using
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Telehealth Adoption: Convenience & Cost Drive Adoption For Consumers
Convenience and cost are the key drivers of telehealth adoption for American consumers, but lack of awareness is an issue, according to recent findings from American Well’s Telehealth Index: 2019 Consumer Survey. Telehealth leader American Well commissioned Harris Poll to conduct an online study among over 2,000 adults to measure usage and sentiment toward telehealth. The results are weighted to be representative of the American adult population across standard demographics.Majority of Consumers
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MyHealthTeams Lands $9.44M to Expand Social Networks for Chronic Condition Communities
MyHealthTeams, a San Francisco, CA-based creator of the largest and fastest-growing social networks for people facing chronic health conditions raised $9.44 million in a Series B financing round led by strategic investor UCB, a global biopharmaceutical company. This financing brings total investment in MyHealthTeams to $26.84M, building on the company's Seed and Series A1, A2 and A3 rounds. Existing investors including Adams Street Partners, Qiming US Ventures, CVS Health, The Westly Group,
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UK Startup Flow Raises $1.5M for Brain Stimulation Headset, Therapy App
Flow, a London-based medical device startup using a brain stimulation headset and therapy app to treat depression has raised $1.5 million in seed funding led by Khosla Ventures. In Europe, Flow has been approved as a Class II medical device intended for use as a treatment for depression – and is the first approved treatment of its kind in Europe available to buy and use at home. The investment will be used to support Flow’s European rollout, introduce Flow to healthcare clinics, and fund
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StartUp Health Adds 6 New Healthcare Transformers to its Portfolio
StartUp Health, a platform where health transformers, partners, customers, investors, patients, and caregivers connect and accelerate the progress of the health moonshots announced it has added six new companies to its army of Healthcare Transformers.Every quarter, StartUp Health coaches its army of Health Transformers on how to create value, amplify their story, and ultimately achieve their Health Moonshot. Each company is supported for the entire journey of their business, through multiple
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Depression App UpLift Raises $1M to Help People Fight Depression
UpLift is the first mobile consumer app for depression to be based on a complete course of Cognitive Behavioral Therapy (CBT). The new round of funding will be used to accelerate UpLift’s development and improve core technology, while also building out newly requested features like an enhanced gamification system, the ability to connect with a coach, and more evidence-based and personalized activities to improve users’ mood. Cognitive Behavioral Therapy (CBT) Approach to DepressionUpLift
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Why Clinician Burnout Is A Public Health Crisis Demanding Urgent Action
Clinician burnout is a public crisis that demands urgent action, according to a new Spok survey on the prevalence of clinician burnout. In April 2019, Spok asked 474 clinical staff members at hospitals and health systems across the U.S. their insights on clinician burnout. The survey reveals 92% of clinicians called burnout “a public health crisis,” yet many report their organizations are not implementing recommended strategies to address it.Understand The Impact of Clinician BurnoutBurnout is
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Vida Health Raises $30M for Personalized Virtual Care Platform for Physical & Behavioral Health
Vida Health, a personalized virtual care platform for physical and behavioral health has raised $30M in Series C funding from strategic investors including GuideWell Mutual Holding Corporation, Teladoc Health, and Workday Ventures. Existing investors from previous rounds also participated.Impact of Chronic Disease in the U.S.Sixty percent of adults in the United States have one chronic disease, and 40% have two or more. More than 68% of adults with a mental health condition have at least one
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Flow Launches Medical-Grade Headset, Therapy App for Depression
Flow, a medical device company launches a medication-free treatment for depression comprising a brain stimulation headset and therapy app. In Europe, Flow has been approved as a Class II medical device intended for use as a treatment for depression - and is the first approved treatment of its kind in Europe available to buy and use at home.Flow BackgroundBased in Sweden, Flow was developed by clinical psychologist Daniel Mansson and neuroscientist Erik Rehn, together with a team of prominent
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