In the face of COVID-19, healthcare witnessed how crises can become the long-awaited push for creativity and innovation that the industry needs. When our healthcare infrastructure’s weaknesses were exposed, telehealth helped to stitch them up, with the number of telehealth claims increasing 8,336% nationally from April 2019 to April 2020. Out of need, patients quickly turned to telehealth as a new model of care delivery; clinicians adapted to a new avenue for engaging with patients, policymakers
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Philips | News, Analysis, Insights - HIT Consultant
IoMT Is Improving Patient Access: We Must Avoid Creating New Barriers
The Internet of Medical Things (IoMT) is changing the face of healthcare and has the potential to significantly improve patient access as well as system efficiencies. The adoption of telemedicine, for example, spurred on by the Covid-19 pandemic, has spread rapidly. Forrester revised its forecasts to predict that virtual care visits in the United States will soar to more than one billion this year—including 900 million visits related to Covid-19 specifically. Likewise, in the United Kingdom,
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2020’s Top 20 Digital Health M&A Deals Totaled $50B
Teladoc Health and Livongo Merge
The combination of Teladoc Health and Livongo creates a
global leader in consumer-centered virtual care. The combined company is
positioned to execute quantified opportunities to drive revenue synergies of
$100 million by the end of the second year following the close, reaching $500
million on a run-rate basis by 2025.
Price: $18.5B in value based on each share of Livongo
will be exchanged for 0.5920x shares of Teladoc Health plus cash consideration
of
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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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M&A: Philips Acquires Remote Cardiac Monitoring BioTelemetry for $2.8B
What You Should Know:
- Philips acquires BioTelemetry, a U.S. provider of
remote cardiac diagnostics and monitoring for $72.00 per share for an implied
enterprise value of $2.8 billion (approx. EUR 2.3 billion).
- With $439M in revenue in 2019, BioTelemetry annually monitors over 1 million cardiac patients remotely; its portfolio includes wearable heart monitors, AI-based data analytics, and services.
- BioTelemetry business is expected to deliver double-digit growth and improve its
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Philips Launches Integrated Cybersecurity Services to Protect Connected Medical Devices
What You Should Know:
- Philips partners with CyberMDX, a leader in
connected medical device security, to provide vendor-neutral solutions to
protect connected medical systems and devices.
Philips, today
announced the introduction of the Philips Cybersecurity
Services for seamlessly integrating and enhancing strategic security solutions
for Philips customers. The Philips Cybersecurity
Services comprise an end-to-end suite of technologies and services to
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The Future of the ICU? How Clinical Decision Support Is Advancing Care
Without a doubt 2020 has been a devastating year for many; the impact of COVID-19 on both personal lives and businesses has had long-term consequences. At the end of September, the number of COVID-19 cases fell just short of 350 million, with just over 1 million deaths reported. The expectation of a second peak in many countries exposed to the deadly illness is being handled with care, with many governments attempting to minimize the impact of an extreme rise in cases.
COVID-19
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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
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Dept. of Defense and Philips Partner on AI Tech to Contain COVID-19
What You Should Know:
- Today, Philips, in partnership with the U.S.
Department of Defense, announced plans to expand their research on an AI-based
early warning system for infectious disease, opening new possibilities in the
battle to contain COVID-19.
- An application of their joint Rapid Analysis of Threat
Exposure (RATE) project, the technology aims to provide early alerts
of potential infection, ensuring troop readiness and protection against
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Philips Launches Advanced 3D Imaging Navigation Platform for Faster Lung Cancer Diagnosis
What You Should Know:
- Philips paves the way for faster lung cancer diagnosis and treatment with advanced 3D imaging and navigation platform with the launch of Azurion Lung Edition.
- By speeding diagnosis and treatment, Azurion Lung Edition
is helping to transform lung cancer care, contributing to dramatically improved
outcomes and reduced costs.
Royal Philips, today
announced the launch of Azurion
Lung Edition, an advanced 3D imaging and navigation platform to accelerate
the
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