digital health
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4 Ways Investors Think the Health Tech World Will Change in 2024
At HLTH, Bessemer investors Sofia Guerra and Steve Kraus detailed four predictions about where they think the digital health world is headed in 2024. One of these was that “services-as-software” will emerge as a new category of healthcare AI. Another was that some healthcare technology vendors will have to rethink their distribution models and rely on indirect monetization strategies.
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7wireVentures Launches $217M Digital Health Fund
7wireVentures launched its largest fund to date on Tuesday — the closing of the $217 million digital health fund brings the Chicago-based firm’s assets under management to more than $500 million. Two-thirds of the new fund’s capital will be allocated to 7wireVentures’ existing portfolio companies for follow-up investments, and the remaining third will go toward Series B and Series C funding round for companies in which the firm hasn’t yet invested.
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Jorie Healthcare CEO Shares Why Automation is Critical to Revenue Cycle Management
The revenue cycle management business is using AI tools to automate cumbersome tasks to help hospitals operate more efficiently. It’s beginning to attract the attention of major healthcare organizations.
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Consumer / Employer, Health Tech
Solera Health Introduces New Platform To Reduce Point Solution Fatigue
Solera Health recently launched HALO, a platform that allows payers and employers to manage both Solera point solution partners and non-Solera point solutions in one place.
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Weight Loss Drugs Will Have Impact Far Beyond Just On Drugmakers
A new PitchBook report listed several predictions for digital health companies in regards to weight loss drugs, including the potential for new weight loss startups and possible challenges for existing nutrition companies.
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Peterson Center on Healthcare Launches $50M Institute To Assess Digital Health Solutions
The Peterson Health Technology Institute will function as an “independent evaluator” of digital health solutions. It will analyze solutions’ clinical effectiveness, how they’re affecting healthcare costs, their ability to improve health equity, and their privacy and security capabilities.
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Affect Therapeutics Secures $16M for Digital Addiction Recovery Platform
Affect Therapeutics’ $16 million Series A funding round was led by ARTIS Ventures and included participation from AlleyCorp, CityLight, LifeArc Ventures, Samsung Next and What If Ventures. In total, Affect Therapeutics has raised about $26 million, said Kristin Muhlner, co-founder and CEO of the company.
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Why Digital Health Startups Should Embrace a Provider-Centric Approach, Per an AMA Exec
Providers often have a checklist of requirements they use to determine whether they should bring new technology into their organization. Digital health startups would be wise to learn about these criteria when taking their products to market, said Meg Barron, the AMA’s vice president of digital health strategy, at a recent conference. That way, startups can build their products around meeting providers’ needs.
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Pharma, BioPharma, Health Tech
Women’s Health Startups Graduate from PharmStars Digital Health Accelerator
A new cohort of startups has graduated from PharmStars, a digital health accelerator. This latest group focused on women’s health and health equity.
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New Israeli Health Tech Fund Launches to Invest in Pre-Seed and Seed-Stage Startups
Israeli health tech fund Shoni Health Ventures recently launched to invest in digital health and medical device startups that are in the pre-seed and seed stages of fundraising. The fund is affiliated with Sheba Medical Center, the largest hospital in Israel. Startups will have access to the hospital’s innovation center so that they can develop, pilot and commercialize their products.
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Navigating Healthcare’s Data Revolution: Priorities, Opportunities, and Challenges for Health Systems
Arcadia recently partnered with HIMSS Market Insights to survey executives, IT, technology, and clinical leaders. Here’s what we found.
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MedCity Influencers, Health Tech
Pharma Injecting Life into Digital Health Amidst Funding Downturn
Numerous clinical, regulatory and financial factors are behind this digital shift in pharma. Regardless of the reasons, investors, pharma, and research organizations are recognizing that advanced digital health tools will be a significant competitive advantage and generate meaningful return on investment (ROI) in an industry that is becoming more personalized and specialized.
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Which Digital Health Tools Will Be the Greatest Victim to Turnover from Hospitals?
Hospitals’ digital health adoption exploded during the pandemic, leading to many vendor contracts spanning three to five years. As these contracts reach their expiration dates over this year and next, a new report predicts that telemedicine platforms and remote patient monitoring tools face the highest risk of being turned over by hospitals.
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Experts Release New Framework to Evaluate Digital Health Products
A group of healthcare researchers and health system leaders recently proposed a new framework to evaluate evidence for digital health products. The framework seeks to provide hospitals, payers and trade organizations with a clear set of steps they can use to determine whether or not a digital health product is evidence-based and therefore suitable for their company to adopt.
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Hyro Raises $20M for Conversational AI Assistant Used by Intermountain, Novant & More
Hyro — a New York-based startup selling a conversational AI platform for providers — recently closed a $20 million Series B funding round. The platform is “mostly plug-and-play” and requires minimal effort and resources from providers, CEO Israel Krush said.
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Digital Health Funding Steadied in Q1 After a Year of Decline
Global funding for digital health companies finally stabilized in Q1 of this year. The sector raised $3.4 billion — this marks the first time the digital health world didn’t experience a quarter-over-quarter funding decline since Q4 of 2021. By holding steady, digital health startups defied the dwindling fundraising totals seen across the broader venture capital landscape, where funding dropped by 13% quarter-over-quarter.
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Payers Need Clear Outcomes Data to Reimburse Digital Health, Experts Argue
It’s clear that services like telehealth and remote patient monitoring have potential to provide value within the healthcare industry, but hospitals and digital health companies need to show payers clearer evidence of the outcomes these care modalities can produce in order to earn reimbursement, panelists argued during MedCity’s INVEST conference.