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“The Future of Health is Your Smartphone” – How Digital Health is Growing

While mHealth is growing quickly, consumers aren’t embracing it at the same rate. RockHealth reported that despite there being over 13,000 medical apps available, the mHealth trend isn’t taking off as much as it could be. There is a lot of potential for mHealth, and it truly is the future of health.

The following infograph from mashable.com described what this future for digital health is starting to look like. It also answers the question, “What can mobile do?”, and displays how big mHealth is becoming:

December 7, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

Meta Health Technology Acquired By Streamline Health; Breakthrough, MyHealthTeams, and PatientCo Ink Receive Fundings

Aquistions

Streamline Health announced last week that the company will be acquiring Meta Health Technology, a “leading provider of health information management solutions for hospitals, clinics, physician group practices and long-term care facilities across the U.S. and Canada,” according to Red Orbit.

Streamline acquired approximately $15 million capital stock from Meta Health which was $13.4 million in cash and $1.6 million in Streamline Health Stock. Robert E. Watson, President and Chief Executive Officer of Streamline Health Solutions, discussed the acquistion:

The Meta suite of solutions, when bundled with our existing solutions, will help current and prospective clients better prepare for this challenge. In addition, the pending release of a computer-assisted coding solution (CAC) will place Streamline Health at the core of addressing the complexities of the ICD-10 transition.

Fundings

Launched in 2009, Breakthrough addresses that fact that one in four Americans suffer from a mental illness. The company is offering a way for users to contact mental health professionals through email or video. It also allows users to find providers based on various criteria including price, specialty, or disorder.

Breakthrough has raised $900k in seed funding from many different investors. The contributors included the following: Ash Patel and Mike Marquez of Morado Ventures, Charles River Ventures, Square COO Keith Robois, Badoo COO Benjamin Ling, Gus Fuldner, PracticeFusion co-founder Matthew Douglass, PayPal Director and former eHealth exec Avery Kadison, Invite Media co-founders Nat Turner, and Zach Weinberg.

MyHealthTeams is a start up that develops communities, both socially and locally, for those who live with or help those with chronic conditions. The startup announced on Tuesday a $1.75 million round today. The round was led by Adams Street Partners, with participation from 500 Startups.

According to TechCrunch.com, MyHealthTeams’ mission is:

To make it easy for people to quickly find and connect with a network of other people who are in a similar position and can understand the challenges faced via its own condition-specific social networks. In addition, members can also easily find referrals of local providers and businesses best suited to help them — and this, presumably, is part of the business model.

The funding is going toward expanding the company.

and finally, Patientco Ink raised $3.75 million in a Series A financing. The round was led by BlueCross Blue Shield Venture Partners and Sandbox Industries. In addition, as a result to the financing, the Managing Director of Sandbox Industries, Tom Hawkes, will be joining Patientco’s board of directors.

A press release concerning the financing described Patientco:

Patientco simplifies the challenges of understanding healthcare expenses for patients so they pay their healthcare providers faster. Already more than one million patients across 20 states securely receive, pay and track their healthcare expenses via Patientco. Patientco’s proprietary technology integrates with physician and hospital information systems to provide a comprehensive communication, payment and reconciliation solution.

Sandbox Industries invested in the company to help develop and further Patientco’s solution and “to solve the increasing healthcare payments problem.”

Thank you to Rockhealth.com for putting together a list of fundings and acquisitions each week. Be sure to check out their weekly newsletter!

September 20, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

Predilytics, InCrowd, and Doximity Receive Fundings and Plan to Expand

FUNDINGS

A Facebook for doctors? That’s what Doximity is being called. It started out as a LinkedIn for doctors, but with the addition of a news feed, it’s turning more Facebook-like. The company recently raked in $17 million series B round fundings. It was led by Morgenthaler Ventures, along with participation from Emergence Capital Partners and InterWest Partners.

This is the second round of funding that Doximity has received, which is when the company grew the most. It is a free, social networking tool that is secure and allows doctors to discuss patients, which cannot occur with regular social networks or text messaging. According to VentureBeat, Doximity

. . . hopes to connect doctors so that they can collaborate on cases, identify the right candidate for a referral, send private messages to each other, converse about the latest research, and gain exposure for their practice. It has experienced rapid expansion and recently announced that one in seven physicians in the United States have signed up.

Be sure to look for big things from this company in the future.

Boston-based startup Predilytics combines machine learning and health care to help health care companies run more efficiently. On September 4th, the company announced that it closed on a $6 million Series A round of funding. Contributors include Flybridge Capital Partners, Highland Capital Partners and Google Ventures.

Gigaoam.com quote Predilytics as describing their services as follows:

Predilytics offers a new approach for generating healthcare insights – applying big data, machine learning technology to create transparent, unbiased business driven results. This approach exceptional predictive models that are 2x to 4x more insightful and actionable than conventional statistical/regression modeling and rules-based methods.

Predilytics plans to use this funding to “further expand its product offerings and grow operations with a focus on analytics, information technology, application development and account management.”

InCrowd allows “pharmaceuticals to survey screened and targeted healthcare professionals in real-time.” The company recently closed a $2.2 million Series A round. The round was let by Nauta Capital.

InCrowd has a database of “pre-screened healthcare professionals.” These professionals have opted-in to being in the database. Pharmaceutical companies can take this database and find doctors that fit the description of who they want to to take their survey, and then a survey will be sent out to them.

Thank you to Rockhealth.com for putting together a list of fundings and acquisitions each week. Be sure to check out their weekly newsletter!

September 14, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

Agile Health, Best Doctors Inc., and Life Image Among Many Companies Receiving Fundings

FUNDINGS:

Agile Health, based in Nashville, announced that the company has recently raised $2 million. The company created “Kick Buts,” a smoking cessation program. It was built after the company’s starters, Gary Slagle and Scott Werntz, saw research from the UK that showed people were more likely to quit smoking if they were involved in a texting program. The article about this funding didn’t include anything additional information about where the fundings came from, as officials at Agile Health weren’t immediately reachable for comments.

A Nashville-based, mail-order institutional pharmacy, NuScriptRX, announced on August 27th that they closed on a $5 million round of funding. The round was led by Council Capital and Council & Enhanced Tennessee Fund. There were quite a few other investors, including Clayton Associates of Nashvlle, Linwood A. “Chip” Lacy, Jr., and Envest of Virginia Beach, Va.

Best Doctors Inc., a company that “provides proven medical cost containment solutions to employer groups and other parties around the globe,” received a $45 million equity investment recently. The investment came from BBH Capital Partners.

This funding will go toward technology and infrastructure at Best Doctors, and to help hire more employees. According to this article, the company addresses “the issue of misdiagnosis in people and patients getting the wrong treatment. Last year, the company, which has 30 million members, handled close to 10,000 cases in the U.S., where 29 percent of the cases were misdiagnosed.”

Life Image, a healthcare informatics company in Massachusetts, raised $4 million recently. $11.8 million was raised in a Series B financing round recently as well, bringing the total to almost $16 million. There were 13 investors, which included Cardinal Partners, Galen Partners, Massachusetts Technology Development Corp., and Partners Innovation Fund.

The company has cloud-based software that “facilitates transferring, indexing and searching for digital medical images to reduce the time and cost of redundant exams, avoiding excessive radiation exposure for patients using an image transport method with optimal security that is faster and more reliable than the current practice of using CDs and DVDs,” according to Med City News. 

A healthcare software company based in Brookfield, Wisconsin, recently completed a $2o million recapitalization. Connecture will now be able to “meet demand for the creation of health insurance exchanges mandated by the Patient Protection and Affordable Care Act, as well as supporting Connecture’s ongoing investments in software innovations intended to benefit the health plan, broke, and insurance exchange markets,” according to a news release.

The investment was led by Great Point Partners LLC, and Chrysalis was listed as a co-investor.

Sequoia Capital recently became the latest backer for Telecare, and with that support, led a round of funding that raked in $25.5 million. Telecare created a new way solution to managing diabetes, which includes a wireless glucose monitor, as well as apps that help family and friends follow the progress of their loved ones who suffer from diabetes.

The glucose monitor was released earlier this year. With this $25 million funding, Telecare plans to expand marketing, sales, research, and development.

Lumosity is a health-game creator that “develops games and exercises that aim to improve core cognitive abilities and enables users to remember more, think faster and perform better at work and school,” according to Tech Crunch. The company received $31.5 million in Series D funding recently. This brings their total funding to around $70 million.

The round was led by Discovery Communications, and other investors included Menlo Ventures, FirstMark Capital, Harrison Metal, and Norwest Venture Partners. The funding will go “towards further research into human cognitive performance, expanding reach and marketing and branding.” Lumosity has more than 40 games in its collection that focus on memory, attention, and problem solving.

 

Thank you to Rockhealth.com for putting together a list of fundings and acquisitions each week. Be sure to check out their weekly newsletter!

September 10, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

$100k Investment for Every Rock Health Company

It’s been a busy week for the people at Rock Health. First, they had the Rock Health Boston Demo Day. Yesterday and today they’re doing the Health Innovation Summit in San Francisco. And now Rock Health is announcing that Kleiner Perkins Caufield & Byers alongside longtime supporters Aberdare Ventures, Mohr Davidow Ventures, and the Mayo Clinic are upping their investment in Rock Health startup companies from $20k to $100k per company.

This is a good move by Rock Health. Just yesterday I was reading a Ycombinator founder describe how the added investment that each Ycombinator company got relieved some of the pressure that was associated with the program. Basically, he could make good long term decisions as opposed to forcing decisions because the funding and time frame were so short. I’m sure we’ll see that in Rock Health as well.

For those interested in Rock Health, they just opened their 3 week application period for their Fall cohort in San Francisco. I assume that they’ll be going back to the 5 month program again after doing only 3 months in Boston.

It’s worth noting that NYDHA (New York Digital Health Accelerator) offers $300k to health startup companies. I’m sure there’s going to be a lot of competition to get the best healthcare startups to participate in the various health IT accelerator/incubator programs.

August 28, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Digital Health Takes Off in 2012

So far, 2012 has been a good year for the digital health world. According to Rock Health’s weekly newsletter, there is 73% more funding for digital health right now than this time last year. Rock Health created a presentation with their mid-year report, which can be found at the bottom of this post.

Some key findings from the report,  according to the newsletter, that were found in the report included:

-68 digital health companies have raised over $2M

-92 investors

-Common themes: physician tools, sensors, home health, and data

-Bay Area dominates funding, with 28% of overall funding.

There have been some significant deals over the first half of 2012. The report shows that the four biggest deals were:

  1. Castlight Health, which “enables employees to compare costs and quality of healthcare services” received $100 million in funding from T. Rowe Price and Redmile Group
  2. GoHealth, a health insurance comparison website, received $50 million from Norwest Equity Partners
  3. Kinnser Software, which creates web-based software solutions, received $40 million from Insight Venture Partners
  4. AirStrip Technologies, who created a mobile platform that records and receives real-time data from hospital monitoring systems, received $39 million from Sequoia and Qualcomm Life

The digital health industry is definitely on the rise. This reports shows that, and other interesting findings. It will be exciting to see how much the digital health world grows and changes over the next half of 2012

July 23, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

$12.5 million raised for AssureRx Health, Startups Announced That Will Participate at Rock Health in Boston

$12.5 million was recently raised in Series C financing by AssureRx Health Inc. AssureRx, a personalized medicine company, is an Ohio-based startup. The company is a personalized medicine company that specializes in pharmacogenomics and helps physicians figure out correct drugs for patients who suffer from neuropsychiatric and other related disorders.

Four Rivers Group, Claremont Creek Ventures, and Sequoia Capital led the financing; other investors that participated were Cincinnati Children’s Hospital Medical Center, Mayo Clinic, CincyTech, Allos Ventures, jVen Capital, and Alafi Capital. The funds that were raised will go toward increasing commercial activities for GeneSightRx® Psychotropic and GeneSightRx® ADHD, which are AssureRx’s two flagship pharmacogenomic products.

James S. Burns, president and CEO of AssureRx Health, described the company’s main objectives and what is expected to come from this round of funding:

Our goal is to build the leading clinical informatics company providing pharmacogenomic and other treatment decision support products to help physicians individualize the treatment of patients with neuropsychiatric and other disorderds. Proceeds from the Series C financing will be used to expand sales coverage, sponsor multiple clinical studies, and develop new products to help accelerate our leadership position in psychiatric personalized medicine.

Four Rivers, jVen Capital, and Alafi Capital, some of the investors in this Series C financing, bring along with their investments, connections to help build AssureRx Health’s leadership position in psychiatric pharmacogenomics.

New investors Four Rivers, jVen Capital, and Alafi Capital bring to AssureRx Health further expertise and partnering connections to help AssureRx Health continue building its leadership position in psychiatric pharmacogenomics.

In other news, Rock Health, a San Francisco-based digital health incubator, recently announced which six startups will be participating in the kick-off incubator in Boston this summer. Each of the startups participating will present on August 24th at a demo day. The startups that were selected for the Boston class are:

1. HomeTeam Therapy
2. PrescribableApps
3. NeuroTrack Technologies
4. Neumitra
5. NoviMedicine
6. ZeroSum Health

More information about Rock Health in Boston can be found here.

June 11, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

Healthcare IT Data Entry Takeaways

I was looking over Rock Health’s writeup of the Health Innovation Summit. A lot of the post is more about what happened as opposed to what was said, but there were some really interesting takeaways that stuck out to me from the Form Reform: Data Entry for Humans session by Jackson Wilkinson. Here’s the section on it:

Jackson Wilkinson, Co-founder of WeSprout, gave attendees practical advice for data entry. Data is an important part of the healthcare equation, but input design is blocking progress. Quick take-aways: Don’t ask for anything you don’t need; whatever you request, return the favor in spades; make it fast, accurate, and simple. And don’t forget: The best form is the one you never have to fill out.

The money phrases:

Input design is blocking progress
and
Whatever you request, return the favor in spades
and
The best form is the one you never have to fill out.

While I’m quite sure this presentation had to do more with consumer health IT than EMR and EHR software, I think there’s a lot that could be learned from these comments by EMR companies. Far too many EHR companies believe that they have their users captive and so they can ask whatever they want of their users. Sure, they’d never admit this out loud, but when you look at their EHR software and the design, you realize that they weren’t focusing on the above points very well.

As I think about these points, I’m taken back to a visit to San Francisco where I met with the founders of Elation EMR, Conan and Kyna. I absolutely loved their laser focus on stripping out the unneeded extras in their EMR software. They talked about becoming a certified EHR and handling ePrescribing and how they literally had to work tirelessly to make meaningful use of a certified EHR a seamless experience that didn’t place an undue burden on the provider. I saw this same focus through every part of their approach to EHR software development. I haven’t seen their software in a while so I don’t know how well they’ve followed through on this focus, but I’m interested to see it again to find out.

January 23, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Omada Health Raises $800k for Diabetes Prevention Program

Omada Health comes out of the first batch of Rock Health startups. Back in December it raised $800k from Esther Dyson, NEA, Aberdare, Kapor Capital, and TriplePoint Ventures. I’m quite interested in Omada Health since a Diabetes Prevention Program was on my Health IT 2012 Wish List.

The unfortunate part about Omada Health is that their website has no real information about what they’re doing. It has their vision for doing disease prevention and it tells about their team, but their product isn’t out yet. I do like their idea of “Using the power of human relationships to drive behavior change.”

I think they call this peer pressure, but it sounds like they’re trying to leverage it for good in this case. It’s definitely a powerful idea if they can execute on it. I’ve often thought that the most valuable mHealth startup companies are going to be those that are able to create something that will get people to change. Change is hard and if you create something that facilitates change, then that’s powerful!

Since Diabetes Prevention is on my Wish list, I hope that Omada Health is wildly successful.

January 17, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Digital Health Investment Year in Review

The people at Rock Health have put together a great little slide presentation taking a look at some of the major investment that’s been happening in health IT startup companies in 2011. Check it out below.

Lots of really interesting movement in this area including some major EHR software companies getting a bunch of money. I’m personally looking for some health IT startups that are looking for funding in the next 6 months. So, if you’re a startup company in the healthcare space, I’d love to hear from you. I’m not going to be investing myself, but I’m working on something that will interest health IT startups.

The best part of this slide presentation is that I think we’re just getting started in health IT investment. Digital health investment is going to be even bigger in 2012.

January 2, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.