Q1 2014 brought with it a new record in digital health venture funding.
According to the latest data from Rock Health, not only did January set a record month in both deals and dollars, the first quarter of 2014 set an all-time record for digital health funding in a single quarter.
“Nearly $700M in funding poured into the space, paving the way for the biggest year ever for the industry,” the report summary reads. “Q1 2014 experienced a mind blowing 87% year-over-year growth versus Q1 2013.”
Posted in mHealth funding, Technology
Now that healthcare providers are working on Stage 2 Meaningful Use, they are required to take a closer look at their EHR compliance and governance polices. What makes this particularly challenging is that 40% of healthcare providers do not currently utilize EHRs. Of the 60% that do, only 63% have the required multidisciplinary committee or advisory board in place.
Many healthcare providers initially believed that making the move to EHRs would be fast and simple, but they are finding is that it requires a significant amount of training as well as entirely new internal operations. On top of that, due to patient privacy compliance, they must put in place an advisory board or committee to regulate and implement how data is stored.
In order to ensure that they can do their job to the best of their ability, healthcare providers must find committee or advisory board members who have a great understanding of both their internal operations, and the vulnerabilities of EHRs.
Posted in Healthcare IT
Apple’s rumored but unconfirmed health-tracking platform called “Healthbook” is reportedly coming soon. And it could be a game changer for mHealth.
Sources in the know at Apple say the platform’s design is very similar to Passbook and represents one of the most “ambitious” apps Apple has produced to date.
From monitoring fitness activity and one’s heart rate, to recording blood oxygen levels and other vitals, Apple is said to be working on Healthbook as a means for raising the overall bar for mHealth apps on iOS.
Posted in mHealth, mHealth news, Mobile App
With health tech companies emerging as some of the biggest draws for venture capital and consumer investment in this new year, it’s no surprise that the health tech boom is impacting IPO pricing.
According to sources close to Castlight Health, the health-software maker is upping its IPO share price range to $13-to-$15 from the previously announced $9-to-$11 range.
This puts Castlight Health on track to raise nearly $140 million, which is an impressive 40% mark up on the funds it had originally expected to raise by going public.
Posted in Healthcare, Healthcare IT
Google Glass is on its way to the emergency room in Rhode Island.
According to the Providence Journal, Rhode Island Hospital’s emergency department will be the first to test Google Glass on medical conditions detected and treated in the ER.
Specifically, attending physicians will use Google Glass technology to stream live images of a patient’s medical condition “to a consulting specialist located elsewhere.”
Posted in mHealth, mHealth news, Technology, telehealth platforms, Telemedicine, Wearable technology
New analysis from Frost & Sullivan indicates that so-called “smart pills” may be the next big thing in health tech.
With each passing year, the increasing need for convenient diagnostic and accurate therapeutic tools is driving innovation in smart pills.
While certain smart pill applications, such as imaging and sensing, have been successfully commercialized, others like drug delivery and surgery are yet to be proven clinically. There is also commercialization preference and focus on wireless capsule endoscopes and ingestible sensors for internal signs monitoring.
Posted in Healthcare, mHealth
On Tuesday at HIMSS14, EvolveMed, a provider of intuitive physician electronic medical records for hospitals and physician practices, announced its integration of Nuance 360 SpeechAnywhere Services.
The move, groundbreaking many ways, underscores the growing relationship between cutting-edge cloud-based solutions with modern healthcare IT.
By leveraging Nuance technology, TalkChart can purportedly enhance the intuitive efficiency of its cloud-based medical records with speech-integrated services.
Posted in Healthcare IT, Technology