What You Should Know: - Sheba Medical Center, Israel’s largest hospital, today announced that over $110 million was raised in 2021 by six companies from its ARC Innovation Center. All companies are based on technology invented and developed out of Sheba, with Sheba MedTech startups raising over one billion dollars over the last decade. ARC Innovation Center
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Healthcare Innovation | News, Analysis, Insights - HIT Consultant
Olive Launches In-House Venture Studio for Digital Health Startups
Olive Launches In-House Venture Studio for Digital Health Startups What You Should Know: - Olive, the $4B healthcare automation company, today announced Olive Ventures, a new in-house venture studio that works hand-in-hand with early-stage entrepreneurs to create digital health companies through Olive’s platform. - Olive Ventures offers visionaries a secure, compliant tech environment (i.e. Olive’s tech stack) that’s designed to rapidly validate, deploy, distribute and
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Why Healthcare Innovation Needs Human-Centered Principles
Millions of people around the world have lost their health as a result of the pandemic. Millions more have lost loved ones. Trillions of dollars have been spent fighting the virus and restoring life post-pandemic, while many families have lost income, savings, or both. COVID-19 has no doubt been catastrophic, but let it also be the wake-up call we need to improve experiences for both patients and healthcare providers alike. In a new era increasingly shaped by remote care, digital tools,
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AMA Forms External Advisory Group to Advance Equity in Healthcare Innovation
What You Should Know: - The American Medical Association (AMA) today announced the creation of an external advisory group, the Equity and Innovation Advisory Group dedicated to advance equity in healthcare innovation. - The advisory group plans to recommend strategies that will help drive equitable resources to health solutions created by marginalized innovators and include marginalized patients’ voices in health innovation development processes – with a target of ultimately reaching a
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Wellstar Health System Launches Global Digital Health And Innovation Center
What You Should Know: - Wellstar Health System has launched Catalyst by Wellstar, a global digital health and innovation center to connect and collaborate with industry-leading corporations, enterprise startups, and universities to fuel innovation. - To foster meaningful discussion, action, and philanthropy around healthcare innovation, the Catalyst by Wellstar leadership team will participate in a Wellstar Foundation-hosted Innovation Series virtual event on June 15. - The first
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Amazon, AstraZeneca, Pfizer, Merck to Build $10M Digital Health Innovation Lab in Israel
What You Should Know: - Pfizer, AstraZeneca, Merck, and Teva, and Amazon Web Services (AWS) has been selected by the Israel Innovation Authority to establish an innovation lab in the fields of digital health and computational biology. - The innovation lab located in the Rehovot Science Park will receive a government budget of $10M over the next five years and is slated to start operations in 2021. Pfizer, AstraZeneca, Merck, and Teva, as well as the Israel Biotech Fund and tech
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Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts
What You Should Know: - Virtual maternity care platform Babyscripts announced a new round of investments from Banner Health, CU Healthcare Innovation Fund, The Froedtert & Medical College of Wisconsin Health Network, and WellSpan Health - Using internet-connected devices for remote monitoring, Babyscripts offers risk-specific experiences to allow providers to manage up to 90% of pregnancies virtually, allowing doctors to detect risk more quickly and automate elements of
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Israeli Digital Health VC Firm OTV Closes $170M Venture Fund
What You Should Know: - OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm closes $170 million venture fund to support innovative digital health companies worldwide. - OTV also announced today a new China office and the appointment of Jose Antonio Urrutia Rivas as Head of Asia Pacific. OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm, today announced the closing of a fund with a total value of
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience. The Cleveland Clinic and Amwell joint venture appoint
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Microsoft Launches Dedicated HealthTech Startup Program in India
What You Should Know: - Microsoft launches a dedicated HealthTech Startup Program and partners with startup incubator Social Alpha to accelerate the growth of healthtech startups in India. - Selected startups into the program will benefit from focused healthcare industry teams, co-innovation and collaboration, and Microsoft AI for healthcare. Today, Microsoft has announced the launch of a dedicated healthtech startup program to drive healthcare innovation in India. India faces
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