Digital health is everywhere. It’s transforming healthcare for patients and providers with everything from telemedicine to continuous real-world data and AI-enhanced imaging analysis. However, whilst healthcare as a whole is starting to show the impact, MedTech is still catching up. As healthcare moves from fee-for-service to value-based care, MedTech’s focus is shifting from ‘how many products or procedures are we selling?’ to ‘how can we show the greatest impact on patient outcomes’ and to do
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Digital Health VCs Cite ROI & Clinical Validation As Greatest Markers of Company’s Success
What You Should Know: - Investors in the healthcare technology space believe a measurable return on investment (ROI) and clinical validation of the technology's platform will be the greatest indicators of company success in 2023, according to a new survey of top digital health investors by GSR Ventures. - ROI was deemed "important" or "very important" to the success of digital health companies by more than 94% of investor respondents, and 79% for clinical evidence and trials. Top
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AI Improving the Patient Experience of Cancer Care
For cancer patients and their loved ones, days, weeks, and months matter. In fact, anyone who has waited anxiously for test results or a treatment regimen to begin can attest that hours, or even minutes, will drag on with emotional heaviness. From a clinical standpoint as well, time to treatment significantly impacts outcomes. All suspected cancers should be ruled out or confirmed with a diagnosis so treatment can begin as soon as possible. Similarly, patients with incidental findings—masses or
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Vital Launches Lab Results Tool to Help with Cures Act Compliance
What You Should Know: Today, Vital, the leading AI-driven digital health company, launches Lab Results tool to help health systems comply with the 21st Century Cures Act, educate patients and expedite the sharing of results at the point of care. - Vital’s new tool helps health systems not only comply with the new mandate but also present results in a timely, consumer-friendly way. Critical or sensitive results are flagged as such and shared personally by the appropriate
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HLTH22: 6 Digital Health Executives Share Key Takeaways
We reached out to six digital health executives for their key takeaways and reflection from attending the recent HLTH22 conference. Sunny Kumar, MD, Partner at GSR Ventures, a $3B AUM venture firm investing in early-stage digital health companies. The most fascinating element of HLTH 2022 were the concurrent contrasts. Set against a challenging macroeconomic environment with decreases in venture funding and near-daily headlines of large layoffs cutting across the tech ecosystem,
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4th Annual UCSF Health Hub: Digital Health Awards Announced
What You Should Know: - UCSF Health Hub and the Digital Health Awards team announces the ten Best in Class winning companies, 40 Rising Stars, three Rising Star Champions and two Hall of Fame inductees for the 2022 Digital Health Awards. - The winning companies were chosen from more than 1,200 submissions based on a rigorous judging criteria. In the first round of judging, the priority was on reviewing every aspect of
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Evaluating Evidence Base in Digital Health Solutions: The Real Questions Stakeholders Should Be Asking
Throughout the pandemic, digital health companies have seen significant growth, with one study finding that U.S.-based digital health startups surpassed $29 billion in 2021, almost twice the funding seen in 2020. When done correctly, the use of these digital innovations can help people reduce the burden of dealing with mental health challenges by providing accessible, affordable, and timely care to users. As digital mental health interventions (DMHI) continue to battle it out for a leading spot
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HLTH22 Day 3 News Summary
DispatchHealth Raises $330M for Hospital-at-Home Care DispatchHealth, a provider of in-home medical care raises $330M led by Optum Ventures with support from current investors such as Humana (NYSE: HUM), Oak HC/FT, Echo Health Ventures and Questa Capital. New investors included Adams Street Partners, the Olayan Group, Silicon Valley Bank, Pegasus Tech Ventures and Blue Shield of California. Patients and their care partners can request DispatchHealth medical care via phone, mobile app, or
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HLTH22 Day 2 News Summary: Amazon Clinic Launch, General Catalyst, Verizon, Higi
Amazon Launches Amazon Clinic Across 32 States Amazon launches Amazon Clinic, a virtual care option that will operate across 32 states that offers up-front pricing, and treatment within hours, instead of days—helping customers achieve better health. Welcome to easy-to-use, effective care for common health conditions. For customers, the cost of consultations will vary by provider and includes ongoing follow-up messages with their clinician for up to two weeks after the initial
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Verizon and Higi Extend Community Healthcare Access & Services
What You Should Know: - Wireless and communications leader Verizon and Higi - a consumer health engagement company announced their collaboration to provide digital health solutions and services that will extend care access for communities and help support preventative health, drive literacy, and identify high risk consumers eligible to be managed via home-based monitoring. The partnership will prioritize solution delivery in service of community
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