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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How COVID-19 Made Employee Safety Work for Employees
Over the past decade, the move toward automated hygiene, cleaning, and sanitation solutions has steadily accelerated and its effective implementation has positively impacted organizations who quickly recognized its potential value. Enhanced productivity, increased worker safety, an opportunity to repurpose labor, and improved water savings are just a few of the reasons why a growing chorus of organizations embraced the automation revolution. COVID-19 has served as a reminder that
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How the Pandemic is Accelerating the Shift to Alternative Care Delivery Models
The COVID-19 pandemic has transformed how we interact with one another, with businesses, and with the world around us. From social distancing to hand sanitation to remote working, its impact on society is immense. And among the various industries that are experiencing significant change as a result of the pandemic, healthcare tops the list. Supply chain disruptions, crowded ICUs and exhausted medical staff has taken a toll on hospitals and clinics — and they’ve had to pivot rapidly to new
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How Will Philips Acquisition of BioTelemetry Impact The Cardiac Monitoring Market?
At the end of December 2020, Philips announced the planned acquisition of BioTelemetry for $2.8 billion in cash. - BioTelemetry was formed in 2013 after a series of acquisitions from the initial founding company CardioNet, Inc. - CardioNet, Inc. based in San Diego, USA was initially founded in 1994. - After a multitude of acquisitions in recent years, BioTelemetry has established itself as a leading cardiac powerhouse, specializing in mobile and wireless medical technology. After this
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A New System to Fit A New Economy: How Healthcare Can Recover From COVID-19
We are at a watershed moment. The COVID-19 pandemic has forced us to reevaluate our priorities both economically and with regard to public health. Living with a healthcare system that was created in response to an emergency measure during World War II, US consumers have struggled for more than a decade to control and understand the rising cost of healthcare. Unfortunately, employer-based health insurance and government-subsidized care continue to be the major drivers of cost and policy. As
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DoD Awards $2.8M to Philips & BioIntelliSense to Validate Wearable for Early COVID-19 Detection
What You Should Know: - Philips and BioIntelliSense has been selected by the
U.S. Army Medical Research and Development Command (USAMRDC) to receive nearly $2.8M
from the U.S. Department of Defense (DoD) to validate BioIntelliSense’s
FDA-cleared BioSticker device for the early detection of COVID-19 symptoms. - Working with the University of Colorado Anschutz
Medical Campus, the clinical study will consist of 2,500 eligible participants
with a recent, known COVID-19 exposure and/or a
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Stryker Launches First Completely Wireless Hospital Bed for Patient Safety
What You Should Know: - Stryker launches the industry’s first and only completely wireless hospital bed, ProCuity that can connect seamlessly to any nurse call system for every acuity level. - ProCuity Bed Series designed to enhance patient and
caregiver safety for all acuity levels, reduce in-hospital falls Stryker, one of the
world's leading medical technology companies, today announced the global launch
of the industry’s first and only completely wireless hospital bed,
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Backed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform
What You Should Know: - Osso VR raises $14M in Series A funding led by Kaiser
Permanente Ventures (KPV) to expand its virtual reality (VR) surgical training
platform. - Using immersive VR technology, Osso VR’s scalable platform offers a realistic, hands-on training environment that leads to real-world performance gains and ultimately improved patient outcomes. Osso VR, a Palo Alto, CA-based validated Virtual Reality (VR) surgical training platform, today announced it has raised $14M
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Multi-Vital Ambulatory Monitor for COVID-19 Patients Launches in the U.S.
What You Should Know: - VivaLink launches a new multi-vital ambulatory monitoring solution for infectious respiratory diseases is being debuted in America and Western Europe. This monitoring solution is currently deployed in Asia, Eastern Europe, and the Middle East to help monitor COVID-19 patients. - Built upon VivaLink’s proprietary ambulatory medical wearable sensor platform, the solution can easily be set up and scaled in hospitals, nursing homes, and remote environments. Even pop-up
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M&A Analysis: 3 Benefits of Siemens Healthineers’ $16.4B Acquisition of Varian Medical
What You Should Know: - Siemens Healthineers and Varian Medical announce a $16.4B deal in an all-cash transaction on 2nd August 2020. - Deal expected to close in 1H 2021. - Varian Medical will maintain its brand name and operate “independently” - Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of the transaction. News of the deal between Siemens Healthineers and Varian Medical will have caught many industry onlookers off guard on Sunday evening.
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