There is a real sense that we are on the cusp of a diagnostics revolution. This has been spurred on by the pandemic, which at once underscored the tremendous power of mass testing as it became the fundamental basis for decision-making, from our own personal health to national policy. It also revealed gaps in terms of needing to drastically scale up testing capacity and invest in new and innovative digital diagnostics tools. Innovation in diagnostics, however, is
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Merck Digital Sciences Studio Launches to Support Biomedical Startups
What You Should Know: - Merck, today announced the launch of the Merck Digital Sciences Studio (MDSS) to enable the generation of innovative technologies for drug discovery and development. - MDSS will support early-stage biomedical startups with direct investment, access to powerful Azure Cloud computing and opportunities to pilot their technologies in collaboration with discovery and clinical scientists at Merck. MDSS Accelerator Program Focus The MDSS is a collaboration between
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Black Female Co-founders CancerIQ Raises $14M to Improve Cancer Early Detection and Prevention
What You Should Know: - CancerIQ, a Chicago-based platform powering early cancer detection and prevention across broad patient populations, announced today it closed a $14M Series B financing round. - The Series B round was co-led by Merck Global Health Innovation Fund (Merck GHI) and Amgen Ventures with participation from McKesson Ventures, OSF Ventures (the investment arm of OSF HealthCare, a current CancerIQ customer), and HealthX Ventures. Inequality in
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RelayHealth, McKesson Rx Automation, RxCrossroads Unifies Under CoverMyMeds Brand
What You Should Know: - Today, CoverMyMeds announced that RelayHealth, McKesson Prescription Automation, CoverMyMeds, and RxCrossroads by McKesson have unified as one business and one team under the CoverMyMeds brand. - Together, the technology innovation and robust connections to providers, pharmacies, payers, and biopharma provided by RelayHealth and CoverMyMeds; RxCrossroads’ deep therapeutic and drug commercialization expertise; and McKesson Prescription Automation’s
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Evidation Health Nabs $153M to Expand Virtual Health Programs
What You Should Know: - Evidation Health announced it has raised $153 million in Series E funding co-led by OMERS Growth Equity and Kaiser Permanente Group Trust. Existing investors including McKesson Ventures and B Capital also joined. - Founded in 2012, Evidation measures health in everyday life and enables anyone to participate in ground-breaking research and health programs. - Evidation, which works with nine of the 10 largest global biopharma companies, already delivers research
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Why A Smart Command Center Requires A Health Cloud Platform
Aviation, military, NASA, or even utilities like the New York Power Authority—almost all high-consequence, complex organizations have one thing in common: a command center. The concept of a command center or a ‘war room,’ or ‘air traffic control’ has been around for a while. Command centers help counter logistical challenges, enable cross-collaboration and guide decision-making with state-of-the-art technology and communications. With them it seems there is absolutely nothing that cannot be
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CIO: 3 Rules for Meeting ONC/CMS Interoperability, While Improving Cybersecurity
Healthcare data security has been a growing concern for CIOs for the last year or so, as hackers are increasingly targeting health information. Now, with a global pandemic forcing a shift to telemedicine and remote work, and new rules from the ONC and CMS introducing more regulatory burden, healthcare CIOs have more to manage than ever. Fortunately, it is possible to roll out new capabilities while simultaneously improving cybersecurity by following these three rules: Rule 1: Think Like an
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Ensuring Telehealth Providers’ Virtual Care Dollars Make Sense
Telehealth and virtual care are not brand-new phenomena suddenly cobbled together as a rapid response to the onset of the COVID-19 pandemic, but the average US patient could be forgiven for thinking that it is. Indeed, virtual visits to care providers and remote patient monitoring have been available for quite some time, delivering two key benefits: - Providing a platform to address cost-efficiencies and accessibility to quality healthcare for the populace at large - Playing a
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Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding
What You Should Know: - Augmedix closes $25 million in private placement
funding and completion of a reverse merger transaction with Malo Holdings Corp. - Following the transaction, the merged entity will be
named "Augmedix, Inc.", and will continue the historic and innovative
business of Augmedix. Augmedix, a company
specializing in providing remote medical documentation and live clinical
support services, today announced the closing of a $25 million private
placement
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Designing A Digital Experience to Drive Revenue and Patient Engagement
With the rise of healthcare consumerism, people are looking to hospitals, health systems, and physician practices to deliver the same user-friendly, digital experiences they receive from other industries. A recent survey found that more than 80% of consumers surveyed believe “shopping for healthcare should be as easy as shopping for other common services.” Specifically, they want streamlined access points online where they can shop for and purchase healthcare, easily make appointments,
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