The material cost of COVID-19 has been at the center of public discourse since the early days of the pandemic. In 2020, growth in federal government spending on healthcare increased 36 percent, compared to the 5.9 percent bump in 2019. While the distribution of vaccines has allowed for a version of pre-pandemic life to resume, hospitals are still not recovered from the high rates of hospitalizations that occurred in March 2020, and the indirect costs of the pandemic continue to loom over the
Read More
Medical Innovation
How Faster Data Access Can Save Lives
Eleven months versus ten years. When you’re waiting for an answer to cure or prevent a disease, that difference can feel like forever. Scientists that developed the COVID vaccine in under a year represent a huge medical breakthrough compared to the standard decade-long vaccine process. The expedited research and development phase showed the world just how quickly the process could occur if given the right resources.
The key here was better data. Data collaborations quite literally
Read More
Israeli Digital Health Startup G Medical Innovations Withdraws $30M US IPO
What You Should Know:
- Israeli-based G Medical Innovation has withdrawn its plans for an initial public offering (IPO) on Tuesday, Nasdaq first reports.
- The company originally filed
an IPO to raise $30 million by offering 5 million shares at a price range of $5
to $7 last month to list on the Nasdaq under the symbol GMVD.
- The recent withdrawal marks the company's second
attempt to go public in the US, previously filing in May 2019 and withdrawing
the following August. The company
Read More
Tampa General, Philips Ink 7-Year Partnership to All Bedside Patient and Vital Sign Monitors
What You Should Know:
- Tampa General Hospital announces a
seven-year strategic partnership with Philips to innovate and improve patient
experience.
- As part of the partnership, Tampa
General will replace all bedside patient and vital sign monitors throughout the
1,006-bed hospital and upgrade key imaging equipment in the catheterization
laboratories and interventional radiology rooms.
Tampa General Hospital
(TGH) and Philips today
announced they are creating a
Read More
OurCrowd Launches $100M Pandemic Innovation Fund to Invest in Companies on Front Lines of COVID-19
What You Should Know:
- Israeli venture capital platform OurCrowd launches $100M Pandemic Fund to invest in companies on the front lines of COVID-19.
- The fund plans to raise $100M to invest in 15-20 companies focused on prevention & containment, treatment & healing, and community & disruption mitigation technology solutions to combat current and future pandemic.
OurCrowd,
a Jerusalem, Israel-based crowdfunded-venture investment platform, today
announced the launch of
Read More
Deloitte, Amazon Web Services Partner to Create New Health Ecosystems Through Data
- Deloitte is now working with Amazon Web Services (AWS) and its new cloud-based service AWS Data Exchange to help organizations quickly and easily find, access and share data from other institutions securely.- Deloitte and AWS Data Exchange together will help organizations and researchers uncover the value created from the vast amounts of data generated throughout the healthcare ecosystem. Most of this data has been inaccessible – and if it is accessible, it’s difficult to find and obtain. -
Read More
Cleveland Clinic Names Top 10 Medical Innovations for 2020
- Cleveland Clinic panel of top doctors and researchers presents the 10 medical innovations with the power to transform healthcare in the next year.
Today at the 2019 Medical Innovation Summit, Cleveland Clinic today announced the Top 10 Medical Innovations for 2020. The 17th annual Medical Innovation Summit is organized by Cleveland Clinic Innovations, the development, and commercialization arm of Cleveland Clinic. Led by Michael Roizen, M.D., Emeritus Chief Wellness Officer at Cleveland
Read More
Mayo Clinic Selects Google Cloud to Power its Digital Transformation
- Mayo Clinic selects Google Cloud to be their cornerstone of its digital transformation in a 10-year strategic partnership agreement.
- Google Cloud will secure and store Mayo Clinic's data while working with Mayo Clinic to apply AI and other cloud computing technologies to solve complex healthcare problems.
- Mayo Clinic will leverage Google Cloud to conduct medical research, developing and deploying new machine learning models designed to improve treatment precision and clinical
Read More
Wellframe Granted Patent for Mobile-Enabled Care Interventions to Monitor Ongoing Patient Progress and Improve Patient Compliance
Wellframe, a Boston, MA-based mobile-enabled care management solution has been awarded a patent for a mobile-enabled method to monitor and improve patient compliance with care programs. Wellframe’s mobile-enabled care solution extends the reach and effectiveness of a clinical team by delivering a customized, interactive, daily health checklist to patients on their smartphone or tablet, collecting valuable, day-to-day-health information, and enabling high-touch, sustained, and supportive
Read More
Sen. Alexander: Getting EHRs “Out of Ditch” Is Critical to Future of Medical Innovation
Senate health committee Chairman Lamar Alexander (R-Tenn.) today said that “electronic health records are a critical piece to the future of medical innovation” during the first oversight hearing on the 21st Century Cures Act. Today, the committee held the first oversight hearing on the 21st Century Cures Act, which became law in December 2016 and was called “the most important legislation” of the year by Majority Leader Mitch McConnell.“Last December, we passed the 21st Century Cures Act,
Read More
