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Medical Devices | FDA | News, Analysis, Insights - HIT Consultant

Canadian Government Awards $49M Grant to Establish Canada-wide AI Health Data Platform

by Jasmine Pennic 05/28/2019 Leave a Comment

Canadian Government Awards $49M Grant to Establish Canada-wide AI Health Data Platform

The government of Canada has announced an investment grant of up to $49 million in the Digital Health and Discovery Platform (DHDP), a network of partners that seeks to establish a cutting-edge Canada-wide health data platform. Through this new platform, researchers and doctors will work to accelerate the development of new and personalized treatments to help to find cures for diseases that affect Canadians. While the platform will initially focus on cancer, the plan is to expand to other areas
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Former FDA Commissioner Returns to Venture Capital Firm As Special Partner

by Fred Pennic 05/22/2019 Leave a Comment

FDA Commissioner Scott Gottlieb to Step Down

Former FDA Commissioner Scott Gottlieb, M.D. is returning to global venture capital firm New Enterprise Associates (NEA) as a Special Partner on the firm’s healthcare investment team. Dr. Gottlieb was a Venture Partner at NEA from 2007 to 2017 before being appointed the 23rd Commissioner of the U.S. Food and Drug Administration (FDA), where he served from 2017 to 2019.Dr. Gottlieb is a physician, policy expert, and advocate for healthcare entrepreneurship, innovation, and access. He is focused
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3 Challenges of Healthcare Internet of Things (IoT) Performance Testing

by Maxim Chernyak, Head of Test Automation & Performance Testing Lab at A1QA 05/21/2019 Leave a Comment

Is Internet of Medical Things (IoMT) on Par With the IoT Market as a Whole?

There’s no doubt that the internet of things (IoT) creates a new technological ecosystem in healthcare, helping organizations manage bottlenecks in care and bridging the gap between patients and providers. The list of applications for connected devices in hospitals keeps growing from real-time staff tracking across facilities to ensuring preventive equipment maintenance and 24/7 patient vitals monitoring in ER and resuscitation departments.But care delivery doesn’t stop after discharge. A range
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Roundtrip Nabs $5.1M to Expand Digital Transportation Marketplace for Providers & Patients

by Jasmine Pennic 05/03/2019 Leave a Comment

Roundtrip digital transportation marketplace

Roundtrip, a Philadelphia, PA-based digital transportation marketplace for better health outcomes announced it has raised $5.14M in Series A funding led by Motley Fool Ventures, with participation from a multi-billion dollar international healthcare software and medical device company, Ben Franklin Technology Partners of Southeastern Pennsylvania and Johns Hopkins University.Digital Transportation MarketplaceEvery day, 10,000 patients miss or delay care due to a transportation barrier. Learn
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Med Student Develops Mobile Device Cover to Bring Health Apps into Sterile Settings

by Fred Pennic 04/29/2019 Leave a Comment

Med Student Develops Mobile Device Cover to Bring Health Apps into Sterile Settings

 A medical student in the Michigan State University College of Osteopathic Medicine has announced the public launch and availability of the CleanCase sterile mobile devices cover, the first device-specific, fully FDA-complaint product on the market that allows surgeons to safely bring mobile devices into the sterile surgical field. The CleanCase cover, which was developed with investment from Red Cedar Ventures and Quantum Medical Concepts, uses patented technology to allow surgeons full mobile
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Digital Twin Technology: Should Healthcare Jump on the Bandwagon?

by Inga Shugalo, Healthcare Industry Analyst at Itransition 04/29/2019 Leave a Comment

Digital Twin Technology: Should Healthcare Jump on the Bandwagon?

While healthcare is known for not jumping to conclusions very fast when investing in new technology, the industry starts to pick up the pace. Such “newcomers” as blockchain, IoT, VR, and AR get a well-deserved appraisal and become an integral part of next-gen custom healthcare software aimed at supporting personalized treatment and predictable patient outcomes across a wide range of conditions. We anticipate that the digital twin technology has good chances to become the next addition to the
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Massachusetts Launches Digital Health ‘Sandbox’ Program for Startups

by Jasmine Pennic 04/25/2019 Leave a Comment

Massachusetts Launches Digital Health 'Sandbox' Program for Startups

 On Wednesday, Massachusetts Governor Charlie Baker joined members of the Massachusetts Digital Health Council to announce a new program to drive the growth of innovative startups in the state, helping them access unique R&D facilities in the state. The announcement was made at Worcester Polytechnic Institute’s PracticePoint research, development and commercialization alliance, the first R&D ‘sandbox’ selected to host startups as part of the program. That facility was the recipient of a
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Security Vulnerabilities Detected in ICDs: Addressing Ransomware Risk in Medical Devices

by HITC Staff 04/24/2019 Leave a Comment

Security Vulnerabilities Detected in ICDs: Addressing Ransomware Risk in Medical Devices

Medical device usage is on the rise, and that reality potentially puts people at risk if those gadgets have security flaws. It's crucial for device manufacturers, industry regulators and health practitioners to work together to ensure safety are paramount as adoption rises.Internal health devices are particularly at risk, especially since patients and providers may not immediately notice issues. The people who use or prescribe them assume they'll work as expected and typically don't have ways to
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Mayo Clinic, ASU Unveils Six Digital Health Startups for Inaugural MedTech Accelerator Cohort

by Fred Pennic 04/24/2019 Leave a Comment

Mayo Clinic, ASU Unveils Six Digital Health Startups for Inaugural MedTech Accelerator Cohort

The MedTech Accelerator, a collaborative effort between Mayo Clinic and Arizona State University has announced the selection of six digital health startups for its inaugural cohort. The MedTech Accelerator provides medical device and healthcare IT early-stage companies with personalized business development plans to collaborate with Mayo Clinic and ASU and accelerate go to market and investment opportunities. Benefits of Accelerator for Selected StartupsThe immersive experience will help
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The Cost of Medical Device Innovation: Can The U.S. Keep Pace?

by Fred Pennic 04/09/2019 Leave a Comment

The Cost of Medical Device Innovation: Can The U.S. Keep Pace?

Over the last six years, the U.S. Food and Drug Administration has approved a number of highly innovative medical devices that have revolutionized cardiovascular care. These novel devices have provided advanced treatment options, improved quality of life and extended longevity for patients. Unfortunately, reimbursement has often failed to keep up with many of increasingly expensive treatment options, according to a new report released by Vizient. The report, The cost of medical device
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