In the latest blow to fee-for-service medicine, the nation’s Blue Cross and Blue Shield plans say they are spending more than $65 billion annually -- about 20 percent of the medical claim dollars they pay -- on “value-based” care that rewards better outcomes and keeps patients healthy. The moves by the [...]
The health world is flirting with disaster, say the experts who monitor crime in cyberspace. A hack that exposes the medical and financial records of tens of thousands of patients is coming, they say — it’s only a matter of when. As health data become increasingly digital and the use of electronic health records booms, thieves see patient...
At the end of the first quarter, we were optimistic that 2014 would be another record year for digital health funding. What we didn’t expect was that in just six months, 143 companies would have successfully raised $2.3B. Not only are there more companies receiving funding, but the average deal sizes are also up to $15.6M …
Verizon is taking another step into healthcare with the introduction Wednesday of its Virtual Visits program. The goal is to facilitate connections via phone, tablet or laptop between healthcare providers who contract with Verizon and their patients for what Verizon terms routine, urgent care.
“Generally, health is just so heavily regulated. It's just a painful business to be in. It's just not necessarily how I want to spend my time. Even though we do have some health projects, and we'll be doing that to a certain extent. But I think the regulatory burden in the U.S. is so high that think it would dissuade a lot of entrepreneurs.”
Right now, consumer purchases are driving explosive growth in the mobile-health-device market but that will change in the next decade as consumer buying slackens and clinical purchases and usage grows, according to Boston-based emerging technology market watcher Lux Research.
A midyear report from prominent healthcare startup accelerator Rock Health provides numbers to confirm the anecdotal impression: Digital health is the perhaps the hottest category to fund for venture capitalists. So far, the sector has raised $2.3 billion this year—which already exceeds the $1.5 billion raised in all of 2013. And this isn't a matter of digital health simply being pulled along by the tide pouring into all startups: While first-quarter funding is up 57% year-over-year for all sectors, it's up 85% for digital health. (More traditional healthcare categories are not benefitting from the boom with only 22% year-over-year gain for biotech, and 5% for medical devices.)