HIT Consultant sat down with Mike McSherry, CEO, and co-founder of Seattle-based digital prescription platform Xealth to discuss digital health lessons learned in 2020 and what we can expect in 2021. As Xealth’s CEO, Mike also works with Duke Health, UPMC, Atrium Health, and The Froedtert & the Medical College of Wisconsin health network where he uses his background in digital health to connect patients and care teams outside of traditional care settings.
HITC: In 2021, How can digital
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venture capital
Israeli Digital Health VC Firm OTV Closes $170M Venture Fund
What You Should Know:
- OTV (formerly Olive Tree
Ventures), Israel’s ‘digital health first’ venture capital firm closes $170
million venture fund to support innovative digital health companies worldwide.
- OTV also announced today a new China
office and the appointment of Jose Antonio Urrutia Rivas as Head of Asia
Pacific.
OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm, today announced the closing of a fund with a total value of
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience.
The Cleveland Clinic and Amwell joint venture appoint
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Peregrine Ventures Launches $300M VC Fund for Late-Stage Life Science Companies
What You Should Know:
- Israeli-based Peregrine Ventures launches a new $300 million venture capital fund named Peregrine Growth to focus on late-stage life science companies.
- Peregrine Growth will invest $20 to $30 million per funding round, with a strong emphasis on companies that are on the verge of an IPO or M&A.
Peregrine Ventures, one of Israel’s premier venture capital firms focused on the life sciences, today announced the launch of a new growth fund, Peregrine
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Tampa General to Launch Healthcare Innovation Venture Fund in Q1 2021
What You Should Know:
- Tampa General Hospital announces its plan to launch a new
healthcare innovation venture fund to improve the quality and access to care
across the Tampa/St. Pete metro area in Q1 2021.
- Through TGH InnoVentures, Tampa General will partner
with Embarc Collective, Tampa Bay's innovation hub and education nonprofit
dedicated to helping startups grow into scalable, thriving businesses.
Today, Tampa General Hospital
President and Chief Executive Officer John
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Intuitive Launches $100M Venture Fund to Accelerate Future of Minimally Invasive Care
What You Should Know:
- Technology leader Intuitive forms $100M
inaugural fund to invest in the future leaders of minimally invasive care.
- The venture fund will invest in innovative early-stage companies across digital, medical device, therapeutic, and diagnostic domains. that will support independent initiatives in the direct and adjacent fields of minimally invasive care.
Intuitive,
a Sunnyvale, CA-based technology leader in minimally invasive care and the
pioneer of
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COVID-19 Pandemic Further Exposes Systemic Racism…
This will be ugly and sad. Racism has cost this country $16 trillion over the last twenty years according to a recent Citigroup report. Much of this loss ($13 trillion) was attributed to discriminatory lending practices and the 6.1 million fewer jobs created as a result, while disparity in wages ($2.7 trillion) and discrimination in housing policies and lost income due to restricted access to higher education accounted for the balance. The report estimates that if these gaps were to be
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COVID-19’s Amplification of Digital Technology in the Patient Experience
In the last decade, the healthcare industry has experienced a rapid rise in digital health solutions that have promised to transform care delivery and improve outcomes. Yet, with change comes skepticism – especially in an industry that is notoriously slow to adopt new technologies and innovations. Despite the industry’s conservative reputation, we have seen an influx of global venture capital funding for digital health services, which hit a record $3.1 billion in funding this
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Corindus Vascular Robotics CEO Departure, UPMC Enterprises’ New President, Nordic Consulting’s New CIO, Other Health IT Hires
Mark Toland, CEO of Corindus Vascular Robotics (acquired by Siemens for $1.1B last year), has announced his departure and will be joining BioStar Capital, a health-tech venture capital group focused on cardiovascular and orthopedic medical devices. As a partner and entrepreneur in residence, Mark will help to identify and develop innovative companies leveraging AI, deep learning, robotics, and other transformative technologies that address a wide range of unmet needs. The BioStar team has
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CancerIQ Raises $5M to Expand Genetic Cancer Risk Assessment Platform
What You Should Know:
- CancerIQ raises $5M in Series A funding led by HealthXVentures to accelerate the growth of its genetic cancer risk assessment platform to identify and manage patients at high risk of cancer.
- CancerIQ’s technology enables hospitals to use genomics
to personalize the prevention and early detection of cancer.
- Two new hires recently joined CancerIQ’s newly formed
Integrated Products team from Epic, with the goal of advancing CancerIQ’s
integration with leading
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