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?
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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3M Unveils Medical Transfer Adhesive for Wearable Medical Devices
Today, 3M announced it has added 3M Extended Wear Medical Transfer Adhesive, 4075 to its lineup of advanced adhesives for wearable medical devices. Designed to laminate many substrates, 3M medical transfer adhesive, 4075 features an extended wear pressure sensitive transfer adhesive and allows design engineers to use a variety of backings. 3M medical transfer adhesive, 4075 offers excellent initial skin adhesion with up to a 14-day wear time, depending on the backing material used.The Critical
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UM Spinout Fifth Eye Lands $11.5M for Early Warning Patient Deterioration System for Hospitals
Fifth Eye, a medical device software spinoff from the University of Michigan building clinical early warning patient deterioration system for hospitals has raised $11.5 million in Series A funding led by Arboretum Ventures and Cultivation Capital. Other participants in the round include were MINTS, the direct investing arm of the University of Michigan’s endowment, along with additional capital from previous investors Invest Michigan and 35 private angel investors.Why Clinicians Need A Better
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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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Francisco Partners Acquires Qualcomm Life, Renames as CapsuleTech
Francisco Partners ("FP"), a Silicon Valley-based technology-focused private equity (PE) firm, today announced it has acquired Qualcomm Life, Inc. a wholly owned subsidiary of Qualcomm Incorporated that offers end-to-end medical device connectivity across the continuum of care. Financial details of the acquisition were not disclosed. Renames Qualcomm Life as CapsuleTechQualcomm Life will be separated from Qualcomm, be renamed as Capsule Technologies, Inc. ("CapsuleTech"), and continue operating
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Why the FDA Is Doing an Overhaul of the Medical Device Approval Process
Since 1976, the U.S. Food and Drug Administration (FDA) has allowed manufacturers to apply for an accelerated pathway to bringing their devices to the market. It's called the 501(k) Premarket Notification. In short, if a new device gets proved safe and effective to a device that's already available, the new device can get cleared because it's considered substantially similar to the older one. The FDA also allows for the first-cleared device (also known as the predicate) to be another product
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5 Strategies to Achieve Successful IoT in Healthcare
The future of healthcare looks well connected, but it’s going to require real strategy to get there. Extreme Networks’ Director of Health Solutions Bob Zemke explains.Connectivity—it lies at the heart of Internet of Things (IoT) and every innovation that promises to transform healthcare. It's one of the hardest challenges for healthcare organizations to take on, as the number of apps and devices continue to multiply and all are expected to thrive in a vast and varied technological
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University Hospitals Adopts Needle-Free Blood Draw Technology
University Hospitals Cleveland Medical Center adopts needle-free blood draw technology to reduce anxiety and risks for hospitalized patients.University Hospitals (UH) Cleveland Medical Center in Ohio, announced that it has implemented the PIVO needle-free blood draw device from San Francisco-based medical device innovator Velano Vascular at UH Cleveland Medical Center for inpatient blood draws. UH is the first health system in Ohio to deliver this enhanced experience to patients and is helping
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Protecting Medical Device Security in the Age of Ransomware
From medication pumps to pacemakers, people depend on lifesaving devices to live their healthiest possible lives and manage chronic ailments. Many of those patients likely hear about cybercriminals orchestrating massive data breaches, and might get concerned about one of those incidents compromising their information.However, they probably haven’t considered the hackers might target the devices in their bodies or the ones they otherwise use for better well-being.Hospitals Must Pay Attention to
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