Philips has acquired Boston-based patient navigation platform Medumo for an unclosed sum, according to CBNC reports. Founded in 2013, Medumo helps hospitals, surgical centers, and care teams automatically guide patients throughout their care journey. The company has raised a total of $2.1M. Its patient navigation platform ensures that patients appropriately schedule, show up on time, have all their pre-appointment tasks completed, and continue to follow instructions when they go home after their
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Global Digital Health VC Funding Breaks $5.1B in First Half of 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reach $5.1 billion in the first half of 2019, according to market research firm Mercom Capital. The 1H and Q2 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals $5.1B in funding across 318 deals compared to $4.9B across 383 deals in 1H 2018. Q2 2019 VC funding held strong at $3.1 billion in 169 deals following the $2 billion raised in 149 deals in Q1 2019.
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Rock Health Report: Is 2019 The Year of the Digital Health IPO?
Digital health funding reached a new record of $4.2 billion across 180 deals in the first half of 2019, according to Rock Health, a full-service venture fund dedicated to digital health. The digital health sector is on track for an $8.4B year in 2019—and may even break 2018’s annual funding total. The report also validates the continued trend of the large $100M+ mega deals, attributing to 30% of venture funding in H1 2019. The 2019 Midyear Digital Health Market Update reflects a maturing digital
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Amp Recover CEO Talks The Current State of Digital Health Adoption in Orthopedics, PT, Sports Med
David M Nichols, CEO of Amp Recover
David Nichols is the CEO is of AMP Recover, a health intelligence platform that empowers healthcare organizations with actionable data to improve the patient experience, produce successful outcomes and achieve their business goals. This transition from current workflows to a modern, data-driven approach does not happen overnight. The Atlanta, GA-based company works with providers focused on Injury Prevention, Physical Therapy and Sport, Performance and have
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Reaching the Healthcare Mainstream: Wearables and Remote Patient Monitoring Market Map
Even though 2014 was supposed to be the “year of the wearable” according to Forbes, five years later we are now seeing the wearable reach maturity and mass-adoption. This increase in adoption has largely been driven by software and hardware stability which is now allowing these devices to be used with confidence to manage an individual’s health and wellness, including chronic condition management. The graphic below from Accenture shows the increase in technology usage across consumers to manage
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Analysis: Examining The Highly Fragmented International EHR Market
The EMEA market for EMR/EHR IT is estimated to have been worth $3.7B in 2018 (both acute and ambulatory applications) according to Signify Research’s recently published market report on the global EMR/EHR market. However, only one vendor, Cerner, is estimated to have had a double-digit revenue share. Despite its recent announcement that it will potentially sell its Hospital IT and Integrated Care business, Agfa Health was the only other vendor to come close. In terms of suppliers, the market is
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Innovaccer Launches ‘Archive’ to Assist Organizations Get Rid of All Their Legacy Data Headaches Instantly
Innovaccer Inc., the leading San Francisco-based data activation company, announced the launch of their Archive solution to enable organizations to archive and preserve their crucial patient data and streamline the operation of data collection from legacy systems. The solution is aimed at enhancing organizations’ experience of EHR transition by efficiently archiving their crucial patient data to a single repository to secure it for future reference. Archive Solution OverviewWith healthcare
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Healthcare M&A Survey: Health IT Represents the Richest Opportunity in Sector
Most healthcare mergers and acquisitions (M&A) professionals see a positive outlook for healthcare and life sciences deals next year, even as political uncertainty will be the biggest factor to upend transactions, according to a recent Merrill Insight poll of global M&A professionals.According to the poll, which included more than 200 respondents from the Americas and Europe, the Middle East and Africa (EMEA), 52% of respondents believe that the M&A market is headed in a positive
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Pfizer, McKesson, Others Join MediLedger’s Blockchain Project Working Group
Leading life sciences and healthcare companies Pfizer Inc., McKesson Corporation, AmerisourceBergen Corporation, and Premier Inc. have joined the MediLedger Project Contracting and Chargebacks working group, a second working group running in parallel to the ongoing DSCSA working group started in 2017. MediLedger is an initiative of Chronicled, Inc., a San Francisco-based technology company, that builds blockchain-powered ecosystems and supply chain solutions.Network VisionMediLedger uses
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KLAS: Allscripts Continues Trend of Sunrise & Paragon Losses in 2018
In terms of EMR purchasing, 2018 was the busiest of the past three years. This energy impacted every market sector, with the US government finalizing contracts, three large health systems changing EMRs, and the small-hospital market continuing to see churn, according to a new KLAS Report.The KLAS annual report, “US Hospital EMR Market Share 2019,” is based on acute care EMR purchasing activity (i.e., executed contracts) that occurred in the United States from January 1–December 31, 2018. KLAS
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