More than 4 million recalled medical devices may harm patients in 2021. And that’s just what we can see has been “posted” on the FDA site through June 25, 2021. The number of medical device recalls issued halfway through 2021 is far higher than in the previous five years. Healthcare facilities are now facing both a higher number of recalls and a shortage of essential medical devices and products. The FDA has noted that recalled medical devices caused almost 100,000 deaths between 2008
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Medical Devices | Policy & Regulation News, Analysis, Insights - HIT Consultant
Withings Devices Integrates with One Drop App for Multi-Condition Employer Program
What You Should Know: - One Drop and Withings have announced a strategic partnership to integrate One Drop’s AI-powered chronic condition management platform with Withing’s suite of smart medical device. Through this integration partnership, members enrolled in the One Drop employer program can qualify to receive a Withings Body smart scale or a Withings BPM Connect smart blood
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BioT Raises $6.5M to Transform Medical Devices Into Connected Solutions
What You Should Know: - BioT, a TEL AVIV, Israel-based provider of medical devices cloud connectivity and remote care, announced $6.5 million Seed Round financing led by Bridges Israel, together with North First Ventures, and XT Hi-Tech. - Connected Care is quickly becoming a major factor in the healthcare industry by eliminating the need for patients to return to a physician's office for check-ups and monitoring. BioT is a low-code, easy-to-integrate, cloud-based platform for
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AcuityMD Nabs $7M for Targeting Platform for Medical Device Companies
What You Should Know: - AcuityMD, a platform for commercializing and improving medical devices with data announced it has raised $7M in funding led by Benchmark with participation from Ajax Health. Eric Vishria, General Partner at Benchmark will also join AcuityMD’s board of directors. - Since launching commercially in 2020, AcuityMD has become a trusted partner within the medical device industry by creating a data platform for the entire medical device lifecycle, from sale and
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Cynerio Raises $30M to Expand Healthcare IoT Cybersecurity Platform
What You Should Know: - Cynerio, a leading provider of Healthcare IoT cybersecurity and asset management solutions, today announced it has secured $30 million in Series B funding led by ALIVE Israel HealthTech Fund, Israel's pioneering HealthTech investment fund. Existing investors, global VC Accelmed, RDC, Elron’s joint venture with Rafael, and Swiss-based growth investor, MTIP, also participated in the funding round. - Notably, the COVID-19 pandemic caused a nearly 50% increase in the
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Talking about Cybersecurity Vulnerabilities in Medical Devices Shouldn’t be Taboo
According to the National Vulnerability Database, 18,353 vulnerabilities were reported in 2020. That’s nearly three times the volume of vulnerabilities reported five years ago, and higher than any year in the previous two decades. Given the rise in connected devices, this increase is not entirely unexpected. If that’s the case, shouldn’t we be seeing more vulnerability disclosures related to medical devices? The U.S. Department of Homeland Security Cybersecurity and Infrastructure
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Validic Integrates Medical Device Data with Wellframe App
What You Should Know: - Today, Wellframe and Validic® announced a strategic collaboration today, empowering Wellframe members to integrate medical device data within the Wellframe mobile app. This integration with Validic will first enable Wellframe users to track their blood glucose levels across 50 glucometer devices, right from the Wellframe app. Wellframe’s ability to collect meaningful biometrics data from their digital care management platform allows for more touchpoints with care teams
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Ambulatory Considerations for Remote Patient Monitoring Technologies
The use of healthcare technology solutions in clinical settings is a time-tested conventional practice, and it’s becoming more commonplace in remote patient monitoring (RPM) as supporting technologies drive more innovation. With the broad range of care encompassed by the term “RPM,” there are a number of factors that can impact the overall effectiveness of monitoring patient vitals and other physiological parameters in remote, non-clinical situations. When a patient transitions from a
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Improving Inventory Management During COVID-19 and Beyond
Healthcare systems across the country are facing high patient volumes combined with higher patient expectations during the COVID-19 pandemic. In response, hospitals and other healthcare facilities need to consider technology that can help them keep pace with evolving demands while prioritizing the health, safety, and experience of their patients. One of the most impactful solutions in a healthcare facility’s technology arsenal are the ones focused on inventory management. These
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Life Sciences Firm OrbiMed Raises $3.5B Across Private Investment Funds
What You Should Know: Life sciences investment firm OrbiMed announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III. The three new funds include a broad range of medical institutions, university endowments, foundations, pension funds and sovereign wealth funds. - OrbiMed Private Investments
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