What You Should Know:
Verizon Public Sector announced a $448.3M, nine-year expansion of its existing partnership with the Department of Veterans Affairs (VA) medical centers and healthcare facilities to supply mobile devices including mission-critical communications support during the VA’s disaster recovery missions and other emergencies.As part of the agreement, the VA can purchase devices and services for community-based outpatient clinics, field and program offices, and remote users in the
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Medical Devices | Policy & Regulation News, Analysis, Insights - HIT Consultant
How AI Can Deliver Benefits in Healthcare Manufacturing and Patient Device Usage
According to Grand View Research, the global artificial intelligence (AI) in the healthcare market size was valued at USD 15.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030, to reach an estimated USD 208.2 billion. That’s an impressive growth rate, indicating the expected value delivery to a mostly early-phase adoption of AI in the healthcare marketplace. With such aggressive predicted growth, many health industry professionals
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MedCrypt Funds Medical Device Usable Security Research at Tufts University
What You Should Know:
- MedCrypt, Inc., a proactive cybersecurity solutions provider for medical device manufacturers, announced its financing of the School of Engineering for a Tufts University fellowship program that will support research focusing on the investigation of medical device security and threat modeling.
- MedCrypt acknowledges the vital role that evidence-based security practices play in the MedTech industry and recognizes the need to address the existing gaps. Additionally,
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Accenture Invests in Digital Twin Solution Virtonomy
What You Should Know:
- Today, Accenture Ventures announced it has made a strategic investment in Virtonomy, a provider of data-driven simulations that use existing patient data and digital twin technology to bring life-saving medical devices to market more quickly.
- Virtonomy’s digital twin simulation solution enables medical device manufacturers to build model patient virtual environments for device testing at a reduced cost and with less regulatory complexity.
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Ocutrx Acquires Spectrum AMT to Advance Capabilities for Medical Devices
What You Should Know:
Ocutrx Technologies, a global technology company developing medical devices with augmented reality (AR), extended reality (XR) and artificial intelligence (AI), acquires Spectrum Advanced Manufacturing Technologies, Inc., a Colorado-based electronics manufacturing and assembly company.With this acquisition, the consolidated Oxutrx_Spectrum company now has seven (7) process lines, including ISO Optics Lab capabilities,
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LifeOmic Launches Patient Engagement App to Automate Patient Pathways
What You Should Know:
LifeOmic, a healthcare technology company powering precision health with its end-to-end software solution, the LifeOmic Platform, today announced the launch of its Patient Mobile App. LifeOmic’s Patient Mobile App enables the two-way connection between the healthcare team and patient. With the LifeOmic Patient Mobile App, healthcare providers have access to a highly configurable solution that integrates directly into their existingworkflows to meet
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Dot Compliance Launches First AI Based ChatGPT Powered eQMS for Life Sciences
What You Should Know:
Dot Compliance, a leading provider of eQMS compliance solutions for the life sciences sector, has introduced an industry-first, ready-to-use AI-Based electronic Quality Management System for life sciences, powered by an embedded generative and predictive artificial intelligence.The system deploys ChatGPT combined with proprietary algorithms to optimize quality processes, automate tasks and help professionals working in quality assurance to focus on what really matters
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Q1 2023 Digital Health Funding Reaches $3.4B Across 132 Deals
What You Should Know:
2023 started off with the hallmarks of a rebound year. While Q4 2022 signaled the tail end of the digital health funding cycle, January and February funding numbers began to suggest that sector investment was slowly but surely inching back upwards. Inflation was easing ever so slightly. Investors were rediscovering their confidence and launching new projects, signaling optimism in the sector, according to a new Rock Health report. However, recent news—the collapse of
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Hybrid Healthcare and The New Normal: Biggest Adjustments for Healthcare Organizations
The adoption of virtual health has increased dramatically since March 2020, with 150 million telehealth claims in less than two years. Like other revolutionary innovations throughout history, healthcare innovation is necessitated by time — and unmet needs. So many struggled to create virtual care solutions during the pandemic, and many technology companies jumped into the telehealth space because of the unmet needs of patients. But the pandemic era is soon coming to an end, leaving telehealth to
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5 AI-Driven Healthcare Trends and Solutions in 2023
Enterprise-level healthcare is a massive business sector with seemingly infinite moving parts. With patients’ lives at stake, liability is huge, leaving little room for error. Yet human error is common in healthcare, and minor mistakes can cost millions in legal fees and lawsuits, not to mention risks to patient health. Healthcare enterprises are quickly embracing artificial intelligence solutions to mitigate loss, streamline operations, improve efficiency, and enhance customer
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