mHealth News: Here’s What Happened This Week

mHealth News: Here’s What Happened This WeekHere are some of the top stories in healthcare, telemedicine, and mobile health that we have been monitoring this past week.

Healthcare IT VC Funding Surges
On Tuesday, Mercom Capital Group, a global communications and research firm, released its report on funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for Q2 2016.

Philips Confirms Expansion of Population Health Management Business
Royal Philips confirmed to MHW this week that it has signed an agreement to acquire Wellcentive, a US-based provider of population health management software solutions.
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Are Wearables Wearing Out Their Welcome?

Are Wearables Wearing Out Their Welcome?For the first time, the worldwide smartwatch market saw a year-over-year decline of 32%, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.

According to the IDC’s media announcement, smartwatch vendors shipped 3.5 million units in the second quarter of 2016. That’s down substantially from the 5.1 million shipped a year ago.

As for the market leaders, Apple held the top rank by shipping 1.6 million watches. “However, it was the only vendor among the top 5 to experience an annual decline in shipments,” IDC says.

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Parks Associates Senior Research Director to Tackle Tough Issues at mHealth + Telehealth World

mHealth News Here’s What Happened This WeekMHW learned on Friday that Harry Wang, Senior Director of Research at Parks Associates, will speak next week at mHealth + Telehealth World.

According to a statement provided to media, Wang to address “the rising consumerism in the U.S. healthcare industry and examine system-wide approaches to digital health.”

He will also discuss new findings from the firm’s 360 View: Empowering Healthcare Consumers, which includes a 2Q 2016 survey of U.S. broadband households on connected healthcare attitudes and adoption.

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BaseHealth Partners with Executive Health Centre Canada

partnershipBaseHealth, a predictive analytics company for healthcare, announced on Thursday a new partnership with Canada-based Executive Health Centre, one of the leading preventative health care clinics in North America. Through the partnership, Executive Health Centre will leverage BaseHealth’s genomics-based predictive analytics to enhance their personalized wellness assessments and action plans.

A provided news release notes that BaseHealth’s technology expands Executive Health Centre’s ability to construct predictive models sensitive to each patient’s genetic data.

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With Healthcare IT Evolving at a Rapid Pace, What Are the Benefits of In-House Development with Commercial Support?

With Healthcare IT Evolving at a Rapid Pace, What Are the Benefits of In-House Development with Commercial Support?The following is a guest contributed post to MHW from Paul Jackson, a Senior Product Manager at Ideagen.

Healthcare IT is evolving at a rapid pace. With government targets and more local initiatives, organizations are looking for solutions that fully support their clinical processes, in an environment where each Trust, Health Board, department, specialty and even individual user works in different ways, no matter how subtle. Many organizations are using in house developments in an effort to react more quickly and to support these differing processes, but there’s often a downside.

Having spent many years working with a range of different suppliers, I fully understand the frustrations of technical teams and end users who, when requesting a valid change, often technically minor but high impact, are greeted with a higher than expected quotation for development and/or a long lead time running into months when healthcare organizations are more and more often required to react with much more agility.

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FedDev Ontario Banking on Healthcare Innovation

Major Money Raised for Low IncomeMHW learned today via a shared media announcement that Canadians “will soon benefit from improved health-care options to support the management of chronic disease.”

This comes as a result of a $15 million investment to York University and its partners, Southlake Regional Health Centre and the University Health Network.

This investment by the Government of Canada was announced today by  Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Agency for Southern Ontario (FedDev Ontario), along with. Kyle Peterson, Member of Parliament for Newmarket-Aurora.

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Philips Confirms Expansion of Population Health Management Business

Shield_RGB_2013Royal Philips confirmed to MHW this week that it has signed an agreement to acquire Wellcentive, a US-based provider of population health management software solutions.

Terms of the deal were not disclosed as of this writing.

“In population health management, Philips already offers enterprise telehealth, home monitoring, personal emergency response systems (PERS) and personal health services that address multiple groups within a population from intensive ambulatory care for high-risk patients to prevention and personal health programs for the general population,” the Philips announcement reads, noting that Wellcentive complements Philips’ portfolio with cloud-based IT solutions to “import, aggregate and analyze clinical, claims and financial data across hospital and health systems to help care providers deliver coordinated care that meets new healthcare quality requirements and reimbursement models.”
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