Today’s technologies are expected to offer tremendous potential for innovation in the healthcare industry. In fact, the digital health market is expected to surpass $379 billion by 2024.The reasons behind this expected growth is two-fold; the current infrastructure in healthcare is already outdated, and the world around us continues to innovate.As communities become more connected and technology continues to be ingrained in almost every part of our life, healthcare needs to keep pace. Current
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Internet of Things | IoT | HIT Consultant
HMicro Nabs $10.2M for “System-on-a-Chip” Biosensor Platform
HMicro Inc., a Fremont, CA-based startup has raised $10.2 million in Series C funding to expand and commercialize its "system-on-a-chip" biosensor platform technology for medical device manufacturers. The latest round included strategic investor partners that plan to commercialize HMicro's healthcare products throughout various healthcare markets. Starting in 2008, HMicro started manufacturing a new generation silicon-based wireless sensing platform and associated subsystem products for medical
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Why Digital Health Growth Will Come From Clinically-Tested, Consumer-Facing, Interoperable Products
Editor's Note: Ingrid Oakley-Girvan, Ph.D., M.P.H. is an epidemiologist trained at Stanford. She is the VP of Strategy at Medable, a Palo Alto-based health platform start-up.A new study in the Journal of the American Medical Association (JAMA) finds that many health apps may be sharing patients’ health data without their knowledge. Four-fifths of 211 diabetes apps examined did not have privacy policies. And in January 2016, Fitbit was slapped with a class-action lawsuit alleging that its
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Mayo Clinic, GE Ventures Partner to Bring IoT Approach to Cell, Gene Therapies
Today, GE Ventures and Mayo Clinic announced they are teaming up to launch Vitruvian Networks, Inc., an independent platform company committed to accelerating access to cell and gene therapies through advanced, cloud-ready software systems and manufacturing services. Vitruvian Networks will partner with therapy producers and serve them by providing a state-of-the-art software and manufacturing platform to bring the Internet of Things (IoT) to cell and gene therapies. At scale, the platform will
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IBM, Pfizer Partner for IoT Collaboration to Transform Parkinson’s Disease Care
Pfizer and IBM are teaming up on a first-of-its-kind research Internet of Things (IoT) collaboration to develop remote monitoring solutions aimed at transforming how clinicians deliver care to patients suffering from Parkinson’s disease. The experimental IoT approach will rely on a system of sensors, mobile devices, and machine learning to provide real-time, around-the-clock disease symptom information to clinicians and researchers. The research collaboration goal is to obtain a better
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Connected Health Business Models for Smart Home Platform Players
Editor's Note: Harry Wang is the Director of Health & Mobile Product Research at Parks Associates. He is also the founder and lead analyst of Parks Associates’ digital health research program since its inception in 2006.
The smart home industry focuses on consumer use cases that charge a recurring monthly fee as the default revenue model for service providers. Equipment manufacturers usually earn revenues from product sales. Smart home platform providers can offer a
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Robotic Surgery Is the Future of Medicine
Editor's Note: Richard van Hooijdonk is a futurist and international keynote speaker on future technologies and disruption and how these technologies change our everyday lives. Van Hooijdonk and his international team research ‘mega trends’ on digital health, robotic surgery,drones, the internet-of-things, 3D/4D printing, Big Data and other how new technologies affects many industries.
The human body is a rather untidy place where your organs, bones, flesh, muscles, arteries
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FBI issues IoT Security Warning for Medical Devices, Wearables
The Internet of Things (IoT) refers to any object or device which connects to the Internet to automatically send and/or receive data may pose serious security risks for medical devices and wearables, according to an FBI public service announcement. For healthcare, medical devices, such as wireless heart monitors or insulin dispensers and wearables e.g. fitness devices could provide opportunities for cyber criminals to intrude upon private networks and gain access to other devices and information
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