August 10, 2018
The second quarter of 2018 was a strong one for the rapidly expanding DarioHealth. Touting 70 percent year-over-year revenue growth and a continued decline in its cash burn rate, CEO Erez Raphael credited his company’s increasing fortune to recent US regulatory approvals and product launches as well as the company’s wider focus on an integrated consumer experience.
“Overall, we made an...
August 6, 2018
iRhythm Technologies reported a promising second quarter from a financial standpoint, citing a revenue of $35.5 million, up 55 percent from this time last year. But CEO Kevin King's major focus on the call was not earnings, but a pair of scientific studies published last month in the Journal of the American Medical Association and JAMA Cardiology.
These studies and what they represent could crack...
July 31, 2018
This story has been updated with some additional information about the layoffs.
Wal-Mart has decided to part ways with Castlight Health at the conclusion of its current contract rather than migrate over to Castlight Complete, the company's new platform designed to bring the consumer-facing care navigation tools it rolled out with Anthem Engage out to non-Anthem customers.
On the company's second...
July 18, 2018
Venture capitalists invested a total of $2.4 billion in digital health in the second quarter of 2018, according to a new report from Mercom Capital Group. Mercom tracked 196 deals, an increase in deal count but decrease in funding from the first quarter's $2.5 billion across 187 deals.
Comparing the year over year, the funding is a slight growth from $2.3 billion and 194 deals in Q2 2017. Funding...
July 6, 2018
In the second quarter of 2018, hospitals and other healthcare providers continued to advance technology in a number of ways. Read on for a recap of trends in innovation, telemedicine, patient engagement, telemedicine and more in Q2 2018.
Hospitals build towards innovation
Hospitals are evolving as more technology and innovations are integrating into the care system. Take New York’s newest...
July 6, 2018
Pharma companies are getting more and more open about their digital health initiatives, which has given MobiHealthNews more opportunities this quarter than usual to chronicle pharma’s efforts around adherence, clinical trials, and the burgeoning world of digital therapeutics. In addition, at the BIO conference in Boston this quarter MobiHealthNews heard pharma innovation leaders share their...
July 5, 2018
The money continues to roll in the digital health space this quarter. During the months of April, May, and June, MobiHealthNews reported on roughly 70 funding announcements totalling upwards of $2 billion. Artificial intelligence and telehealth remain popular choices for funders to invest in.
Another trend is big rounds for international companies. In fact this quarter Chinese healthcare...
July 5, 2018
This week, the acquisition everyone’s talking about is Amazon’s reported billion-dollar deal to buy pharmacy startup PillPack. But that deal was just the capstone on a busy quarter with 15 digital health mergers and acquisitions.
The area of digital health shaken up the most by deal activity this quarter was certainly telemedicine. Both Teladoc and American Well picked up smaller telehealth...