Dave Muoio

By Dave Muoio 03:09 pm October 12, 2020
As healthcare becomes more digitized and clinical treatments shift away from one-size-fits-all therapies, the industry will need to become more critical about how it's employing and curating health data. For vendors and providers, it's about understanding what tools are at their disposal and how they can be implemented to maintain and improve the standard of care. But for regulators like the FDA...
By Dave Muoio 11:32 am October 12, 2020
Datavant, a data sharing technology startup for providers and life science companies, last week closed $40 million in Series B funding. Transformation Capital headlined the raise, which saw contributions from new backers Johnson & Johnson Innovation - JJDC and Cigna Ventures in addition to those of prior investors Roivant Sciences and Flex Capital. All told, the new funding brings Datavant's...
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By Dave Muoio 02:43 pm October 8, 2020
A new proof-of-concept machine learning system outlined in npj digital medicine could provide Bluetooth-based contact tracing tools with the means to quantify the risk of coronavirus transmission when device owners are in close proximity. The approach, researchers from the Fraunhofer Heinrich Hertz Institute in Berlin write, measures whether the received signal strength of a second party's...
By Dave Muoio 11:27 am October 8, 2020
Avail Medsystems, maker of a telemedicine platform fine-tuned for remote procedure room collaborations, has claimed $100 million in a Series B raise headed by D1 Capital Partners. 8VC and the company's existing investors – a list that includes Lux Capital, Coatue, Sonder Capital, Playground Global, Baidu Ventures and Refractor Capital – also participated. WHAT IT DOES The Palo Alto, California...
By Dave Muoio 02:22 pm October 7, 2020
More digital health tools join the PBM party. Evernorth, a newly-established Cigna subsidiary that now acts as the parent of Express Scripts, announced today several new additions to the pharmacy benefit manager's Digital Health Formulary. Joining the lineup in 2021 will be: Wildflower Health's app-based women's health offering. Quit Genius's digital program for smoking and vaping cessation....
By Dave Muoio 10:35 am October 7, 2020
U.S. iPhone owners are no longer the only ones with access to Apple's Health Records. This morning the tech giant announced its personal health record (PHR) feature is now available in the U.K. and Canada. There are five healthcare provider groups that have made the tool available to their patients right off the bat: Oxford University Hospitals NHS Foundation Trust and Milton Keynes University...
By Dave Muoio 03:05 pm October 6, 2020
The FDA has issued an Emergency Use Authorization (EUA) to a clinical decision support (CDS) tool that predicts when an adult patient admitted to the hospital with COVID-19 is at risk of further complications. Developed by Oakland, California-based diagnostic algorithm developer Dascena, the COViage Hemodynamic Instability and Respiratory Decompensation Prediction System reviews demographic and...
By Dave Muoio 12:09 pm October 6, 2020
ICON Health & Fitness, the parent company of consumer connected fitness equipment brands like NordicTrack, Freemotion and iFit, has raised a $200 million growth investment. The company said that the funding was led by L Catterton, with participation from prior backer Pamplona Capital Management. WHAT IT DOES Founded in 1977 as an import business, Utah-based ICON first stepped into the home...
By Dave Muoio 01:49 pm October 5, 2020
Just nine months into the year, 2020 has already hit a digital health fundraising high note as investors up their ante in coronavirus-affected health tech markets such as on-demand healthcare services or fitness and wellness platforms, per Rock Health's latest quarterly report. The digital health-focused venture capital firm reported $4 billion in U.S.-based digital health startup investments...
By Dave Muoio 02:39 pm October 1, 2020
Consumer-friendly telehealth and mail-order wellness product service Hims is officially entering the public markets. Today it announced a merger agreement with Oaktree Capital Management-sponsored special purpose acquisition company (SPAC) Oaktree Acquisition Corp. The reverse merger is expected to close in the fourth quarter of 2020, and places the combined entity at a roughly $1.6 billion...