Rich Herrington EVP, Client Success Team Leader at SoftServe
In the digital economy, every industry runs on data. In the healthcare industry, there is no greater need than to have total view and capitalization of data. But this need inherits others—the need for security, transparency, and interoperability.
In an industry rife with inefficiencies and systemic vulnerabilities (e.g. counterfeit prescription drugs), the benefits of using blockchain to address these needs cannot be ignored.
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Top Global Digital Health/Health IT VC Funding Categories in Q3 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reached $2B in funding across 156 deals in Q3 2019, according to market research firm Mercom Capital Group. The 9M & Q3 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals global venture capital reached $7.2B over 474 deals in the first nine months of 2019 compared to $8B in 556 deals in 9M 2018. In Q3 2019, Digital Health companies raised $2B in 156
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The Graveyard of Digital Health, and How to Stay Out of It
Anish Sebastian, CEO and Co-founder, Babyscripts
- How partnerships are breaking the adoption barrier for digital health.
Collaboration is at the heart of successes over history — in Darwin’s words, “those who learn to collaborate and improvise most effectively have prevailed.”
Yet the healthcare space has been slow to learn that lesson. Far from functioning as a team focused on a single goal, healthcare stakeholders operate on a fractured playing field, each one trying to get to the goal on
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Healthcare Blockchain Startup BurstIQ Nabs $5.5M for HIPAA-Compliant Blockchain Platform
- BurstIQ raises $5.5M for HIPAA-compliant blockchain platform services for on-chain data management, complex data ownership, and granular consent.- The healthcare blockchain-based software company plans to aggressively expand sales, marketing, and network growth.BurstIQ, an Denver, CO-based provider of HIPAA-compliant blockchain solutions for the healthcare industry has raised $5.5M in Series A funding led by Elsewhere Partners. Elsewhere, a growth-stage venture capital firm which invests in
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Eko Raises $20M to Expand Machine Learning Platform for Cardiac Monitoring/Analysis
- AI-driven digital health startup Eko raises $20M led by ARTIS Ventures with participation from 3M and Mayo Clinic.
- Funding will be used to accelerate research and development (R&D) and commercialization of Eko’s machine learning platform for cardiac screening/analysis.
- Eko’s cardiac monitor combines digital stethoscope and ECG technology both for in-clinic and at-home monitoring, which enables patients to seamlessly and consistently send cardiac data to their
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Q&A: How the VHA’s Innovator’s Network Is Transforming Veteran Care
Dr. Ryan Vega, Executive Director at VHA Innovation Ecosystem
Dr. Ryan Vega explains how the VHA’s Innovator’s Network (iNET) is transforming how the VA identifies, incubates, and deliver healthcare innovation to improve healthcare for veterans.
Innovation is the bud from which all things radical seem to bloom. It’s also the critical element at the center of the Veterans Health Administration (VHA) objectives to improve the quality and reach of healthcare for its veterans. Changes
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InsightRX Lands $10M for Precision Medicine Dosing at the Point of Care Platform
- InsightRX raises $10M led by HealthX Ventures to accelerate the adoption of its precision dosing at the point of care platform.
- The platform leverages patient-specific data, pharmacology models, and machine learning to understand each patient’s unique pharmacological profile to guide treatment decisions.
- InsightRX plans to use the new funding to deepen its integration capabilities, broaden development across additional therapeutic areas, and continue its expansion into
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Mercy Virtual Integrates With AI Health Monitoring Platform Myia Health
- Mercy Virtual integrates with intelligent health monitoring platform Myia Health to accelerate the adoption of new patient care and at-risk reimbursement models.
- Myia is a digital health platform that collects biometric data from curated sensors, including best in the market and over the counter, Apple and Fitbit.
- Mercy Ventures, Mercy’s corporate venture capital group leads $10M Series A funding investment in Myia to further strengthen the partnership.
Myia Health,
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Rite Aid’s New CEO, CommonSpirit Health Appoints First Chief Information and Digital Officer, Geisinger’s Chief Nursing Exec, Other Health IT Appointments
Rite Aid Corporation appoints Heyward Donigan as Chief Executive Officer (CEO) and a member of the Board, effective immediately. John Standley will step down from his role as chief executive officer. Prior to joining Rite Aid, Donigan served as the president and chief executive officer of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best-fit healthcare providers.
Since 2015, Donigan lead Sapphire Digital's strategy and
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OSF Ventures Closes $75M Sophomore Venture Fund to Focus on Emerging Technologies
OSF Ventures, the corporate venture capital arm of Peoria, Ill.-based OSF HealthCare, has announced the closing of its sophomore venture capital fund of $75M. The sophomore fund will focus on investing in new technology, devices, and services that offer improved and more cost-efficient healthcare.Investment PhilosophyOSF focuses on investing in companies seeking funding at all post-seed stages and has invested primarily in Series A and B rounds. In addition, OSF Ventures is open to
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