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HealthTech Conference 2014: What new HealthTech companies will be the winners?
Written by Anne DeGheest // 30 August 2014 // Conferences, НealthTech Capital

HealthTech and Digital Health investment doubled in 2013 to over $2 billion. That’s enough to prove that the healthcare revolution of the century is definitely here bringing massive changes that are affecting healthcare providers and payers alike. You just have to look at the transition from fee for services to value-based healthcare delivery services to know we’ve arrived at the age of Retail Medicine with the growing empowerment of patients.

anne

Above: Anne DeGheest, Founder & Managing Director, HealthTech Capital

Recent healthcare IPOs by Castlight Health and Care.com have captured the curiosity of consumers, technologists, and investors. Without question, healthcare as an industry is gaining recognition as one of the hottest sectors for start-ups. This is how Anne DeGheest, Founder & Managing Director of HealthTech Capital, puts it:

 

“Right now, there is a tsunami of opportunities to create very disruptive healthcare companies. The country is re-shaping its largest industry, and it’s the biggest experiment we’ve ever done with the American economy.”

With other epic changes in our healthcare system — things such as accountable care organization and public or private health insurance exchanges — there are massive opportunities to develop new tools and services to provide better healthcare anywhere and at lower cost. The practical issues are how to successfully grow a sustainable HealthTech business.

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Hearst Health Acquires CareInSync
Written by Anne DeGheest // 24 April 2014 // НealthTech Capital

On April 24, 2014, Hearst Corporation's healthcare group, Hearst Health, announced its acquisition of CareInSync, a software solutions company providing a real-time, mobile platform to improve patient care by enhancing communications between care providers and patients.

The company was succesfully sold to Zynx Health, a division of Hearst Health and had been funded by a syndicate led by HealthTech Capital in 2012.

MobiHealthNews article about the Hearst acquisition.

Looking Back on 2013, Predictions for 2014
Written by Anne DeGheest // 06 April 2014 // НealthTech Capital, healthtech, HIT, mobile health, digital health

Healthtech and Digital Health investment doubled in 2013 to over $2 Billion.

However, over 73% went to seed and series A investments, with still a flat amount of deals funded by venture capitalists at the series B and C stages.

Are we going to see a growing funding crunch for all these young companies or will we see increasing VC investments?

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CareInSync Appoints New CEO And Raises Additional Funding
Written by Anne DeGheest // 09 May 2013 // НealthTech Capital

One of HealthTech Capital portfolio companyies, CareInSync, announces that the Board of Directors has tapped industry veteran Steve Curd as the Company’s new President and CEO.

Steve Curd is also joining CareInSync’s Board of Directors. Plese check press release.

Steve joins the CareInSync team with a distinguished reputation for building successful and innovative health care technology organizations. As Chief Information Officer of UnitedHealthcare, Steve delivered new technologies to improve the connectivity between health care providers, payers, and patients. As the Chief Operating Officer of Healtheon / WebMD, he helped lead the company’s rapid growth by introducing solutions which fundamentally transformed the efficiency and transparency of health care service delivery. Most recently, Steve led the development of Global Care Quest, the Surgical Informatics division of KARL STORZ Endoscopy-America, Inc., which focuses on improving surgical team communication, patient safety, and operating room efficiency.

“I am thrilled to be joining Siva, Sathi and the CareInSync team at such a pivotal time. The innovative Carebook™ technology delivers an unprecedented real-time care team collaboration platform that streamlines the patient care transitions while reducing complications and readmissions,” according to Steve Curd.

“Carebook works alongside the hospital’s existing electronic health records systems to manage care transitions across the entire professional team, essentially eliminating miscommunications, incorrect assumptions, and dropped handoffs through an intuitive mobile solution.”

“We are excited to bring on a leader of Steve’s caliber, to help take the strong foundation we have built at CareInSync to the next level of business growth.” says Siva Subramanian, founder of CareInSync, Director, and Chief Operating Officer.

“Steve’s broad healthcare experience, his track record of building trust and teamwork across the industry, and his prior growth successes are exactly what we need,” adds Anne DeGheest, Executive Chairperson of the CareInSync Board and lead investor from HealthTech Capital.

In addition, CareInSync announces a follow-on investment from the California HealthCare Foundation’s Health Innovation Fund. According to Sanjay Shah, Senior Program Officer with the Foundation’s Innovations for the Underserved program, “CareInSync’s focus is aligned with our mission: to promote sustainable, scalable care innovations that can dramatically lower cost and substantially improve access to care. We are pleased to have the opportunity to assist in CareInSync’s growth as they work to improve quality and efficiency of patient care.” 

CareInSync’s real-time mobile care collaboration network connects care providers to coordinate safe and timely care transitions for patients from admission through discharge. The network identifies patients at risk of readmissions and dispatches evidence-based interventions from Project BOOST®, Project RED®, Care Transitions Intervention® and other hospital-proven best practices. These interventions are delivered to the appropriate provider at the right time, to enable efficient and effective management of each patient’s specific challenges and readmissions risks.

CareInSync Corporation and Carebook are trademarks of CareInSync Corporation. Project BOOST®, Project RED® and CTI® are registered trademarks of Society of Hospital Medicine, Boston University Medical Center and The Care Transitions Program of the UC, Denver respectively.

TIME Magazine Slams Rapacious U.S. Medical System
Written by Anne DeGheest // 13 March 2013 // НealthTech Capital

By Sarosh Kumana, HealthTech Capital member and Junglee LLC - Venture Investments.

Time Magazine's March 4, 2013 cover story, Bitter Pill: Why Medical Bills Are Killing Us, is an exploration of what's wrong with the US medical system - the players, the rapacity, the secrecy. Ultimately it's about how hospitals, doctors, pharma, regulators and insurers all collude in extracting the maximum possible income from the economy, with consumers allowed very limited information about their options, and very little control over their bodies, their care and the costs forced upon them. Patients are seen as simply the pawns to enable the medical community to impose an out-of-control levy on the economy.

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