Medivis, a New York City-based medical technology company harnessing augmented reality and artificial intelligence to advance surgical visualization has received 510(k) clearance for clinical use in the operating room by the U.S. Food and Drug Administration (FDA).Most medical procedures are performed relatively blindly, with surgeons having to reconstruct slices of 2D imaging data in the “mind’s eye” to make it actionable. Founded by neurosurgeon Osamah Choudhry, MD and radiologist Christopher
Read More
medical technology
3 Major Problems With the Medical Device and Wearables Market in 2019
Technology can improve human life in significant ways and aid in the fight against troublesome illnesses. Unfortunately, no technology is perfect — and newer technologies are especially prone to growing pains.There are three major problems in today's medical devices and wearables market: potential sabotage of the devices themselves, devices as a backdoor into networks and patient data, and device manufacturers taking advantage of regulatory loopholes to get their products on the market.1. Many
Read More
Biofourmis Lands $35M for AI-Powered Digital Therapeutics Platform
Biofourmis, a Boston, MA-based digital therapeutics platform, today announced that it has raised $35 million in Series B funding led by Sequoia Capital/Sequoia India and co-led by Mass Mutual. The latest funding round will enable the company to advance its proprietary artificialintelligence (AI)-powered digital therapeutics platform and pipeline that treats and manages a range of complex chronic conditions.Digital Therapeutics is Redefining The Healthcare Value ChainFounded in 2015, Biofourmis
Read More
Miraki Innovation Launches $175M Medical Technology Breakthrough Fund
Miraki Innovation has announced the launch of the Medical Technology Breakthrough Fund, a $175 million fund that will help finance and build the next generation of innovative medtech companies.Marking the third fund for Miraki’s founder, Chris Velis, Miraki's Medical Technology Breakthrough Fund will help support the company’s mission of identifying and solving the world’s most pressing health challenges through technology. Miraki leverages Chris’ unique, efficient and proven approach to
Read More
LetsGetChecked Lands $30M for Regulated At-Home Medical Testing Platform
LetsGetChecked, an NYC-based direct-to-consumer at-home health testing platform increasing access to laboratory and self-testing, today announced it has raised 30 million in Series B round led by LTP with participation from existing investors Optum Ventures and Qiming Venture Partners USA.
At Home Testing, For A Healthier You
Founded in 2014, LetsGetChecked is a medical technology platform linking customers to regulated laboratory testing to better manage and control their health. The
Read More
Med Student Develops Mobile Device Cover to Bring Health Apps into Sterile Settings
A medical student in the Michigan State University College of Osteopathic Medicine has announced the public launch and availability of the CleanCase sterile mobile devices cover, the first device-specific, fully FDA-complaint product on the market that allows surgeons to safely bring mobile devices into the sterile surgical field. The CleanCase cover, which was developed with investment from Red Cedar Ventures and Quantum Medical Concepts, uses patented technology to allow surgeons full mobile
Read More
Mercom: Global Digital Health/Health IT VC Funding Tops $2B in Q1 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reach $2 billion in funding in Q1 2019, according to market research firm Mercom Capital. The Q1 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals $2B in funding across 149 deals compared to $1.4B across 142 deals in Q4 2018. VC funding in Q1 2019 was down 19% compared to the same quarter of last year (Q1 2018) when nearly $2.5 billion was raised in 187
Read More
We Need Less Focus on Perfecting Physicians Using Carrots and Sticks
I’m not sure what the relevant analogy might be, but I’ll take a shot, nonetheless.
Let’s say we poured billions of dollars into improving highways and city streets, but the local commute for residents continued to get longer, more frustrating, less effective.
Or, maybe we also dumped billions into school systems, but student test scores only got worse.
I ask if these comparisons are relevant after reading about a recent study published in the Lancet, which suggests that poor
Read More
AMA, Sling Health Launches Clinical Problem Database to Compile Insights from Physicians
The American Medical Association (AMA) and Sling Health (formerly IDEA Labs), a student-run biotechnology incubator is expanding their joint efforts to allow the voice and experience of physicians to inspire technologies that resolve unmet needs in health care delivery and clinical medicine. Together, the two organizations have launched the Clinical Problem Database designed to compile insights from physicians on needed improvements to clinical efficiency and patient care. These real-world
Read More
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
Read More
