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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Philips, DispatchHealth Launch On-Demand Home Care Pilot Program for Arizona Seniors
Philips is joining forces on a pilot study with DispatchHealth, a provider of mobile urgent care that delivers convenient, affordable care within one’s home to help enhance care for select Arizona members of Mercy Care. DispatchHealth supports seniors wishing to stay in their homes longer by providing a preventative and proactive treatment where and when seniors need it to help avoid elevating health situations to costly emergency medical services (EMS) and to avoid unnecessary trips to
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HIMSS19 Day 2 Announcements & Summary
Accenture: Millenials & Gen Z Are Shifting to Virtual, Retail, Clinic, Digital CareMillennial and Gen Z consumers in the U.S. are rapidly adopting non-traditional care models, such as retail clinics, virtual and digital services, according to results of an Accenture survey of 2,000 consumers.Key findings of the survey study include:- When considering traditional in-person care, millennials (ages 22 to 38 in 2019) were two to three times more likely than baby boomers (ages 55 to 73) to be
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The Future Role of Robots and Humans in Caretaking
Visit the research facilities of the Georgia Institute of Technology. You may meet Darwin, a pint-sized robot that helps patients meet physical therapy goals. From enhancing a surgeon’s precision to disposing of medical waste to monitoring health metrics, artificial intelligence (AI) is making a big impact on the sector. Even the pint-sized robots are doing big things in healthcare. It will be fascinating to see where it all goes. As populations age, one area robots could help tremendously is
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NIA Awards $4.5M Grant to Develop In-Home Care Solutions for Dementia Caregivers
The National Institute on Aging (NIA) has awarded $4.5 million over three years to white label Internet of Things (IoT) software provider, People Power to focus on developing in-home care supportive solutions for dementia caregivers. National Institute on Aging mission is to improve the health and wellness of older Americans through biomedical, social and behavioral research focused on aging processes and age-related diseases. The results of the collaborative research with University of
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Hackensack Invests in Home Care Robot, Pillo Through $25M Innovation Fund
Hackensack Meridian Health, today announced it has invested in Pillo, an AI-powered home care robot companion that empowers patients to better manage their health at home, connecting them to caregivers and family members. The investment marks the first product funded through Hackensack Meridian Health’s $25 million innovation program to support the improvement of health care delivery. The health network’s novel incubator has vetted many products and strategies to streamline care delivery, reduce
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In-Home Care Startup Honor Lands $50M to Grow Network of Home Care Agencies
Honor, an in-home care startup has raised $50 million in Series C funding led by Naspers Ventures, with participation from existing investors, bringing the company’s total funding amount to $115 million. The latest round comes as the larger healthcare industry is increasingly recognizing non-medical home care as a vital component to value-based care. In April, the Centers for Medicare and Medicaid Services announced that Medicare Advantage plans will be able to cover non-medical home care
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Senior Care Startup HomeHero Rebrands As Harvey to Provide Virtual Consultations
After shutting down their non-medical home care marketplace in February, senior care startup HomeHero is rebranding as an integrative medicine company called Harvey. The company’s name derives from English physician and scientist, William Harvey, who first discovered and explained how blood circulates through the human body.The new company will focus on providing virtual consultations with functional and naturopathic doctors, in-home lab testing and natural therapies to help optimize your health
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Kindly Care Launches Care Exchange to Find Right Home Care Agency
Kindly Care, a San Francisco, CA-based marketplace for senior care is announcing today the launch of Care Exchange, enabling home care agencies to collaborate with each other when recruiting, vetting, and training caregivers.Historically, home care agencies competed with each other for their caregivers, but the ever increasing shortage in caregivers is necessitating a more collaborative approach. With Care Exchange, agencies are able to refer caregivers into a shared pool database for all
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Home Care Startup Honor Inks Deal with National Parkinson Foundation
Honor, a home care focused digital health startup has landed a partnership with the National Parkinson Foundation (NPF) to license it’s proprietary care guidance. This partnership gives Honor a unique advantage to train its Care Professionals using NPF care expertise—and to provide superior personalized non-medical care to clients with Parkinson’s.Additionally, Honor Care Pros will be equipped with the Honor Care Pro App , containing the Foundation’s content and detailed recommendations for how
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