Venture investors, private equity, and corporations funneled $2 billion into digital health startups in the first quarter of 2019, down 19% from the nearly $2.5 billion invested a year ago.There were also 38 fewer deals done in the first quarter this year than last year, when investors backed 187 early stage digital health companies, according to data from Mercom Capital Group.While private investments declined, public equities soared in the first quarter — with 66% of the digital health companies that Mercom tracks beating the S 500, compared to the previous quarter when nearly the same amount of public companies were underwater compared to the SAmong startups, data analytics and mobile health apps, drew the most capital, with analytics focused companies raising $557 million for the quarter.Mobile health apps raked in $392 million while telemedicine-focused startups claimed another $220 million — making up the ublk of the funding in the digital healthcare space.The top investments went to Doctolib, the European back-office support software developer, which raised $170 million; Health Catalyst, which pulled in $100 million; and Calm, which grabbed another $88 million from investors, according to Mercom.
Too often we laugh, scoff or dismiss thinking or ideas that don’t conform with “the way we do things.” But it’s fresh thinking that inspires us to challenge convention and complacency—and sometimes even change the world.Few industries embody this dynamic of cultural change more than health and wellness where ideas from the fringe, historically overlooked and shunned, have gained mainstream currency and flipped the way we do health.We’re living in an expectation economy where the consumer is taking more control, and businesses need to quickly adapt to the new ways people are seeking, receiving, paying for and engaging with healthcare.For instance, only a few years ago it would have been taboo to trust recommendations from a stranger or a diagnosis from a physician you’ve never met, but that notion is long gone with the rise of urgent care facilities, patient social networks and telemedicine services that allow consumers to get care and treatment on-demand.Even cannabis, once considered an illicit recreational substance for stoners, is today increasingly embraced as an effective treatment for conditions that afflict millions worldwide.Yoga, meditation and mindfulness are no longer hippy practices; they’re now encouraged and offered by employers across industries.
5G is the fifth generation of cellular technology and with it comes a promise of increased speed, coverage and responsiveness of wireless networks.Proponents of 5G claim that this upgrade doesn't only come with big speed boosts to your cellular device, but will also greatly benefit other areas of tech such as self-driving cars, virtual and augmented reality as well as telemedicine devices.As of right now AT and Verizon have launched their 5G networks in a very small-scale level, and they have run into their fair share of snags, which you can read about here.While there is undoubtedly a ton of excitement over 5G, there are also naysayers who believe all the hype to be a bit preemptive.Their reasons for doubt range from it being too early to care, to the fact that these upgrades will likely come with a price increase, even to concerns of radiation sickness.Many are also worried that if they live in rural areas they will never see the benefits of a 5G network.
Indeed, even the FCC’s democratic Commissioner Jessica Rosenworcel has publicly admitted previously that the FCC’s own broadband coverage maps are ‘terrible’, and they need to fix those maps as soon as possible.And Microsoft agrees with her, after it blogged on Monday it was time time for a new approach for mapping broadband data to better serve Americans.For the record the FCC claims that 24.7 million people (mostly in rural areas) do not have broadband coverage.But Microsoft’s data shows that in actual fact 162.8 million American people do not use the Internet at broadband speeds.“Every day, our world becomes a little more digital.But reaping the benefits of this digital world – pursuing new educational opportunities through distance learning, feeding the world through precision agriculture, growing a small business by leveraging the cloud, and accessing better healthcare through telemedicine – is only possible for those with a broadband connection, a link not available to at least 25 million people, 19 million of whom live in this country’s rural areas, according to the Federal Communications Commission (FCC),” blogged Microsoft’s chief data analytics officer John Kahan.
Right from an individual to the various sectors contributing to the GDP of a nation, a bounty of activities and progression is solely dependent on the evolving technologies at the global platform.With each passing year and turn of every decade, emerging technologies are evolving at a brisk pace that is ultimately setting the trajectory of growth and development.One such sector that has showcased a remarkable transition by embracing new trends and innovations is the Indian healthcare industry.This paradigm shift is not only limited to embrace new technologies, but it’s also a gigantic step to revamp the overall process for improving the deliverables and increasing efficiency as well.TelemedicinePortrayed as one of the most beneficial digital trends across the globe, this technology truly holds the potential to deliver optimum healthcare services to patients living in rural areas and in the remotest corners of the country.Telemedicine brings the finest doctors and the patients at one platform using digital technology – without even traveling a single mile!Companies like IBM, Microsoft, and Google are working extensively to build solutions in the key area of diagnosis.Chatbots and virtual assistants are the other distinctive features that are simplifying the cumbersome process of registering medical records, lab results, and clinical workflows.IoMT – Internet of Medical ThingsIoMT plays a key role by bridging the gap between medical resources and healthcare services.
Indian social commerce startup GlowRoad announced today that it has raised a $10 million Series B.The round was led by CDH Investments, a Chinese investment firm, with participation from returning investor Accel Partners.GlowRoad’s last funding, a $2 million Series A led by Accel, was announced in September 2017, a few months after it launched.The startup’s founding team includes Sonal Verma, a physician who focused on community medicine before co-founding telemedicine company HealthcareMagic in 2008.During her medical work, Verma realized that many stay-at-home mothers and housewives resell products in their neighborhoods.GlowRoad was created to help them take their businesses online by drop shipping products.
As the healthcare industry continues to innovate with improved technological solutions, one specific market has rapidly gained traction on a global scale. With a 2017 market value of $32,842.48 (USD) million dollars and a forecasted expansion of a whopping 18.83% between 2018-2023 according to Mordor Intelligence, the telemedicine sector is making huge strides in availability. This has led many major hospitals, clinics, and medical practices to adopt the technology at an alarming rate, ultimately allowing healthcare professionals to now treat, diagnose, and evaluate patients through the use of telecommunications technology. Seeing patients in person for every healthcare issue they encounter is becoming a thing of the past, and so for companies who have yet to adopt this new technology, there are several reasons why you should consider hiring a healthcare software development company to build you a unique telemedicine solution for your business.
About an hour later, in a briefing room a mere 10 feet below that keynote hall, AT Chief Technology Officer Andre Fuetsch told CNET, "The issue is devices.After years of work on 5G networks, hyped as the life-changing foundation for tech trends like augmented reality and telemedicine, the super-fast wireless technology is finally being rolled out across the globe.Samsung, the world's biggest smartphone vendor, unveiled the Galaxy S10 5G in February during its Unpacked event in San Francisco.Oppo at MWC talked up its first, not-yet-named 5G phone.In the US, Verizon turned on its 5G service on Wednesday in Chicago and Minneapolis.The downside of that high capacity is limited range.
The best way to consult a Riverside medical marijuana doctor is to use telemedicine services.You need not leave your sweet home—fill an online form and see a doctor through your digital device and receive your MMJ letter.The complete process takes about 10 minutes.
Healthcare tech startup Jio Health raised US$5 million in a series A funding round led by Monk’s Hill Ventures.The company plans to use the proceeds from the investment to further expand its suite of services and meet its growth expectations, it said in a statement.Jio Health also said it’s looking to scale its care provider team and operations in the country.Founded in 2014, the company leverages on technology to provide affordable and on-demand healthcare services, including home doctor visits, nursing care, telemedicine, and access to digital medical records.
Federal Communications Commission Chairman Ajit Pai has proposed a new spending cap on the FCC's Universal Service programs that deploy broadband to poor people and to rural and other underserved areas.Pai reportedly circulated the proposal to fellow commissioners on Tuesday, meaning it will be voted upon behind closed doors instead of in an open meeting.The FCC's Universal Service system's purpose is to bring communications service access to all Americans and consists of four programs: The Connect America Fund, which gives ISPs money to deploy broadband in rural areas; Lifeline, which provides discounts on phone and broadband service to low-income consumers; the E-Rate broadband program for schools and libraries; and a telecom access program for rural health care providers.The FCC's list of items on circulation was updated today to include the proposal, referring to it as a plan for "Universal Service Contribution Methodology," but provides no description beyond those four words."The commission must inject fiscal responsibility into the USF [Universal Service Fund] by establishing an upper boundary of how much we are willing to take from hardworking American consumers who support the program through higher fees on their phone bills."But adding a government fee to broadband service would be controversial and may require Congressional approval.
With artificial intelligence, the Internet of Things (IoT), and augmented reality transitioning from buzz words to the backbone of developed economies, wireless connectivity enabled by 5G , a new standard for wireless telecommunications, will be the catalyst for unlocking the new technologies’ full potential and is expected to have a major impact on every industry, from media and entertainment to transportation to telemedicine.In fact, 5G technology introduction marks the beginning of a new era in connectivity that will impact almost every element of our daily lives.As providers of this technology, network operators can acquire plenty of new revenue if they recognize business opportunities and develop practical use cases.Most importantly, 5G will allow telecom operators to offer massively higher speeds, higher capacity to carry more traffic hence lower costs per megabyte, and an ability to “slice” traffic so that differentiated connectivity can be offered to customers in the same coverage area.5G promises unparalleled speed and capacity along with low latency and fiber-like performance on-the-go.The race to the market
Plenty of direct-to-consumer birth control brands are hitting the market today, using pretty packaging, suggestive photography or overly-posed models to sell the product, but Nurx is taking a different approach.The brand is particularly focused on expansion to Southern states, including South Carolina, Alabama, Tennessee and Georgia.Nurx has been around since 2015, originally dubbed by many as the “Uber for birth control.” Today the telemedicine company offers everything from birth control and emergency contraception to home HPV screening kits and PrEp.As the company continues to expand (it’s now in 23 states and the District of Colombia) Nurx decided it was time to rethink the way it communicates with existing and potential customers.“The reality was we didn’t have much of a brand.Our brand didn’t necessarily reflect what we are doing here in terms of being an all-in-one service encompassing really primary healthcare needs, things you would traditionally have had to go to a physical doctor’s office location, followed by a pharmacy, to get,” explained Katelyn Watson, Nurx’s vp of marketing.
In a large Apple-sponsored study assessing whether the pulse sensor on older versions of the Apple Watch (Series 1, 2, and 3) can pick up heart rhythm irregularities, researchers found that only 34 percent of participants who received an alert of an irregular pulse on their watch went on to have a confirmed case of atrial fibrillation, a common type of irregular heart rhythm.A look at the Apple Watch’s ECG, from someone who needs itThe study was led by researchers at Stanford, who presented the results Saturday in New Orleans at the annual meeting of the American College of Cardiology.The results have not been published in a scientific journal and have not been peer-reviewed.Though the study didn’t keep pace with that of wearable device development, it was rather speedy relative to clinical trials.In fact, some cardiologists were impressed simply by the short period of time in which the study was able to recruit such a large number of participants—nearly 420,000—plus follow up with them using telemedicine and get results.
Jamey Edwards, the CEO of Cloudbreak is on a mission to #HumanizeHealthcare.As a member of Startup Health’s Global Army of Health Transformers, Jamey and the team at Cloudbreak Health are focused on delivering on its moonshots to increase access to underserved communities and drive down overall healthcare costs.Prior to Cloudbreak, Jamey was the CEO of Emergent Medical Associates (EMA) and led its growth into the leading multi-specialty group in the Southwest US and to its repeated presence on Modern Healthcare’s Hottest Companies list.Jamey is a thought leader in healthcare with over 14,000 twitter followers and almost 9,000 LinkedIn connections.He has also authored articles for renowned magazines such as Forbes and Becker’s Health IT and CIO Report to drive awareness of innovations in healthcare and how telemedicine can become an engine of positive change and contribute to solving some of healthcare’s biggest challenges.Jamey has been an Honoree for the ‘Ernst & Young Entrepreneur of the Year Award’ three times and twice an Honoree of the ‘Los Angeles Business Journal Healthcare Leadership Award’.Under his guidance, Cloudbreak has been recognized as a ‘MedTech Breakthrough Award’Winner, a ‘Patrick Soon Shiong Innovation Award’ Winner, and as one of the top entrepreneurial companies in the country by a renowned magazine.Forthcoming ObjectivesCloudbreak is focused on incessantly launching new products and features into the market to meet the ever-changing needs of its clients.“Our future goals are to work with the most innovative health systems in the country to show them what is possible and how telemedicine can be a core part of their go-forward strategy.
A renowned and distinctive player in the healthcare domain, Synct is a one-stop shop for an overall effective digital presence for all the providers’ and patients’ virtual care needs.The company is spearheading with a goal to make Medical Care now Office Optional.Synct specializes in providing support to providers including asynchronous telemedicine, video conferencing, website development, branding, e-commerce, and email support services.As Synct offers robust and diverse solutions, clients can select the solutions that meet their needs precisely.Moreover, the company is fully customizable to the brand of clients.About the Perceptive LeaderDr.Tom R. McDougal is the dynamic CEO and Founder of Synct.Prior to founding Synct, he had served as the CEO of five different hospitals within the outstanding healthcare systems of Community Health Systems, Palmetto Health Alliance, and UAB Health System.
With a vision to make healthcare access affordable for all, a fast-growing company – PatientClick, Inc. is making its mark on the healthcare landscape.It is offering an innovative, all-in-one, online electronic health record (EHR) and practice management platform, as well as, telemedicine solutions, that are designed and built specifically for physicians and multi-specialty medical clinics.As the name suggests, the company is helping meet patients’ needs – just at the click of their fingers.PatientClick’s EHR solution is Meaningful Use Stage 2 Complete and Meaningful Use Stage 3 Modular certified.The company provides the Software-as-a-Service (SaaS) solution, with no costly hardware to install, and with a minimal amount of time required to it get up and running.Its specialty-specific EHR software service covers more than 30 medical specialties, and can be customized to fit the individual needs and workflow of any physician’s office.The technology also allows patients to connect with their provider anytime, anywhere, on any device such as iPhone, Android smartphone, tablet, or computer.Evolving Over the YearsPatientClick started in 2007-2008, as a medical record management company for multispecialty clinics using software for document management and EHR.
A doctor speaking through a telepresence robot in California gave a dying patient and his family devastating medical news, raising questions about when the convenience of telemedicine should be skipped in favor of a face-to-face conversation.According to KTVU, Ernest Quintana was in the intensive care unit of the Kaiser Permanente Medical Center in Fremont, California, when a doctor on a video screen told Quintana that he wasn’t likely to survive.It should have been a human being come in,” Quintana’s granddaughter Annalisia Wilharm told KTVU.“That’s not something you want to ask the loved one of a patient to do in that kind of situation,” Alex John London, a Clara L. West professor of ethics and philosophy at Carnegie Mellon University, told The Verge in response to the KTVU story.“It created a real distance between the family and the clinician, which, instead of the empathy that you want out of this kind of interaction, further depersonalized it.”Michelle Gaskill-Hames, senior vice president and area manager of Kaiser Permanente Greater Southern Alameda County, expressed Kaiser Permanente’s condolences for the family.
California, USA based I Online Doctor is a startup having its operations in the USA and India who has developed a platform for patients to conduct Live Video Consultation with Certified Doctors from their Smartphones.Through the dynamic platform, doctors can not only diagnose and suggest treatment plan but also provide Electronic Prescription, Diagnostic Lab Work, School/Work related Sick Leave Note through its Mobile App.I Online Doctor’s video consultation is completely secure and all health records are electronically accessible to the patient through the mobile app and securely stored at the user end.It has also developed HIPAA level secure application to ensure patient-provider privacy at all times.At present, the company has a worldwide patient clientele from countries like the USA, Canada, India, Pakistan, China, Australia, New Zealand, and Bangladesh.More than 600 doctors and healthcare providers are registered to deliver a world-class healthcare to their users.The Astute LeaderI Online Doctor’s visionary Founder, Deepak Patel is a true world citizen.Being born in India and now a Canadian Citizen, Deepak is heading the startup in the USA and worldwide.Having successfully created and headed two Canadian Companies previously, he wanted to create an efficient and effective way to deliver healthcare to everyone, anytime, anywhere; using the latest technology.
Global Healthcare Consulting Service Market is valued US$8.75 bn in 2017 and is estimated to reach US$20.6 bn by 2026 at a CAGR of 11.3%.Healthcare consulting service market is segmented by Type of Service, by End-user & by Region.Types of services are Strategy Consulting, Digital Consulting, IT Consulting, Operations Consulting, Financial Consulting, and HR Talent Consulting.Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.Importance of growth in the global aging population, the rising value of value-based care, and technical advancements in the healthcare industry are factors driving the growth of the market.Shift from paper-based healthcare models to digital models in developed markets and increasing healthcare spending for building intelligent hospitals are the main factors driving the growth of this segment.On the basis of the end user, Government Bodies is the most dominating segment in the market.Government Market consists of public sectors controlled by national, state or provincial, and local governments.So, Government bodies have the resources to pay for more risk-based contracts and agreements, which is a key factor driving this market.Region wise, healthcare consulting services market was dominated by North America, but Asia Pacific is estimated to register the highest CAGR during the forecast period due to the increasing need for remote care and telemedicine in rural areas in the region.Government institutions in China and India are expected to witness a high demand for healthcare consulting services for bolstering the healthcare infrastructure in these countries.Key players operate to, Accenture, McKinsey & Company, Cognizant, Deloitte Consulting, KPMG, McKinsey & Company, The Boston consulting group, Huron consulting and Ernst & Young.For More Information Visithttps://www.maximizemarketresearch.com/market-report/global-healthcare-consulting-service-market/17103/Scope of Report Healthcare Consulting Service MarketGlobal Healthcare Consulting Service Market, by Type of Service:• Digital Consulting• It Consulting• Strategy Consulting• Operations Consulting• Financial Consulting• HR & Talent ConsultingGlobal Healthcare Consulting Service Market, by End-user:• Government Bodies• Players• Life Science Companies• ProvidersGlobal Healthcare Consulting Service Market, by Region:• North America• Europe• Asia Pacific• Middle East & Africa• Latin AmericaKey Players Analysed in Global Healthcare Consulting Service Market• Accenture• McKinsey & Company• Cognizant• Deloitte Consulting• KPMG• McKinsey & Company• The Boston consulting group• Huron Consulting• Ernst & Young.