The American healthcare system is "sick and getting sicker," and executives must take decisive action to fix it--even if that means making some people angry, management guru Clayton Christensen tells Forbes.
#HackMed Because MedTech Boston believes that Boston is truly the center of the universe for medical technology and innovation, we are happy to report that Boston will be fully represented at this week's South by Southwest Las Vegas (SXSW V2V). Don't miss an exciting conversation about "Hacking Academic Medical Center Silos" on Wednesday, July 16 at 11:15am at The Cosmopolitan of Las Vegas Belmont 1! SXSW Interactive Austin 2014; Jennifer Joe, MD With LinkedIn, Twitter, and Facebook, the millennials are ushering us into the Age of Connectivity, whether that's knowing where your old roommate is vacationing this weekend or what your little brother in Houston ate for lunch. Why does it still take an average of 10 years for new standards of care to go from bench to bedside? With 23&Me, FitBit, Jawbone, and others, the direct to consumer healthcare sector is bringing a new level of medical technology to the population outside of mainstream academic medicine. How do we bring these
Bad news today from the National Institute of Allergy and Infectious Disease: the so-called "Mississippi Baby," which newspaper headlines in the New York Times and Wall Street Journal declared "cured" last March, now has detectable HIV. “Certainly, this is a disappointing turn of events for this young child, the medical staff [...]
“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.)
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 …