Medtech companies raised more than $738 million in Q2

Venture capital firms invested more than $738 million during the second quarter of 2018, $1 million less than the first quarter of this year, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and CB Insights. There was a total of 61 deals during Q2, an increase from the 48 that the industry saw during Q1.

Medtech stories we missed this week: July 6, 2018

From Zetta getting FDA clearance to Prescient Medical receiving CE Mark approval, here are five medtech stories we missed this week but thought were still worth mentioning. 1. Zetta wins FDA clearance for Zoom MRI software Zetta announced in a June 25 press release that its MRI software has received FDA 510(k) clearance. The software, known as

Medical devices: When should you make them smarter?

The drive toward value in healthcare has increased demand for smarter medical devices able to provide information for real-time feedback, as well as after-the-fact analysis. So when does it make sense to actually make a medical device smarter? And how do you go about it? Tom KraMer, CEO of Kablooe Design outside Minneapolis, has a

No-shows at radiology can cost a hospital $1 million a year, study says

People who fail to show up for radiology appointments cost hospitals about $1 million per year on average, according to a new study. That’s as much as the cost of a new 3T MR scanner. Most of the no-shows at academic medical centers were for mammography appointments, according to the study, published in Current Problems

Hey, Google! When will I die?

Google’s AI capabilities can predict with greater accuracy than a hospital’s computers when a critically ill patient will die, according to a new study. Using a patient’s entire chart, Google’s deep learning methods were able to predict, 24 hours after admission, the risk of that patient’s death at 19.9% while the regular hospital’s computers predicted

Study finds nearly half of people with diabetes skip care due to costs

A newly-published report from UpWell Health found that nearly half of Americans with diabetes have skipped medical care at times because they couldn’t afford it. The 5,000-person survey showed that diabetes doesn’t just take a financial toll on people’s lives – it can impact their relationships, too; 37% of respondents reported that diabetes has harmed

Medtech stories we missed this week: June 15, 2018

From Cytosorbents opening a new U.S. manufacturing facility to DyAnsys received FDA clearance for a wearable to treat opioid withdrawals, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. Cytosorbents opens new U.S. manufacturing facility CytoSorbents announced in a June 12 press release that it has opened a new

These medical gloves are antimicrobial and prevent infections

Scientists at the University of Nottingham have created antimicrobial medical examination gloves that help prevent the spread of infection. The gloves are the world’s first non-leaching antimicrobial medical gloves and the scientists on the project expect to sell billions of them to healthcare organizations around the world to help fight infection and combat antimicrobial resistance.

Sharecare and Blue Cross and Blue Shield of Minnesota partner for health and wellbeing solutions

Sharecare (Atlanta) and Blue Cross and Blue Shield of Minnesota recently announced that they have forged a partnership to offer Sharecare’s personalized health platform to Blue Cross commercial customer groups and members starting in 2019. The agreement offers exclusivity to Blue Cross as the only Minnesota-based plan to offer Sharecare. As part of the agreement, Sharecare

6 reasons you shouldn’t bet on blockchain disrupting healthcare

Blockchain is the big buzzword these days, bruited as a disruptive force for industries covering the spectrum. But there seems to be little understanding of what exactly “blockchain” means, let alone how it could affect so many different markets so profoundly. Simply put, a blockchain is a decentralized database with tight rules about how data […]

Stericycle reports mixed results for Q1

Medical and hazardous waste disposal and compliance company Stericycle (Nasdaq: SRCL)  this evening reported mixed results for its first quarter ended March 31: Adjusted earnings per share beat the Street, but organic revenue was slightly down. Lake Forest, Ill.–based Stericycle earned $21 million, or 25 cents per share, during the first quarter, down from about

AI could be a game-changer for older people and cognition

As the founder and CEO of MyndYou, Ruth Poliakine-Baruchi believes strongly in the power of artificial intelligence to change health. MyndYou is an AI healthcare company dedicated to identifying and tracking cognitive changes in older adults. The goal is to help these adults stay with their families longer and gain better care than they might get

How augmented reality and virtual reality devices are boosting medicine

Augmented reality (AR) and virtual reality (VR) devices have immense disruptive potential, with the capacity to change how the healthcare industry delivers patient care and provider training. These technologies are helping to take medicine outside clinical spaces and will present a wide range of opportunities for innovators as professionals continue to adapt. Tim Jennings,  Custom

Medtech’s top leaders commit to interoperability – but can the data back it up?

Integrating data into the care process holds a great deal of promise for the healthcare industry. But medical device industry leaders agree that there are system complexities that need to be solved — with lack of good data a critical issue. That was a major takeaway from a Healthcare Technology Leadership Panel at the 6th Annual

China’s private hospital revenue expected to triple by 2019

Grace Palma, China Med Device The public healthcare system in China is getting overcrowded. Medical resources are getting stretched thin and this is particularly evident in level III public hospitals. The government, aware of the challenges, has opened up the healthcare system to private investments as outlined in its 13th five-year plan. At the same time,