The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe.
Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week!
The round was led by an undisclosed large private corporation with expertise in medical cost containment and operations, and included the MaRS Investment Accelerator Fund, and Jeff Fettes, co-founder of 24-7 Intouch.
MediSeen Recommends: Ontario moves healthcare innovation forward with next round of Health Technologies Fund (OC-INNOVATION)
“The Health Technologies Fund is already having an impact driving innovation forward in Ontario,” says William Charnetski, Chief Health Innovation Strategist for the Government of Ontario. “We have invested in 27 projects that are hitting major milestones, improving patient care and driving economic development. The opportunity to explore disruptive technology showcases Ontario’s commitment to developing the future of health care.”
It is unacceptable that a hospital in 2018 can’t send an X-ray from one facility to another, without asking a patient to physically carry over a CD-Rom or a USB drive. Even drug dealers have moved on from using faxes and pagers. And in every other industry from retail to banking, systems connect.
On one hand, trying to solve problems that have vexed both industry and government for decades is the very definition of hubris. The key for big tech will be cultivating a deep understanding of complicated health care issues.
The company, which aims to reduce the amount of money and time researchers spend on finding compounds for medications, says it now has more than 50 molecular discovery programs.
ThoughtWire’s Ambiant platform is targeted to healthcare providers, smart buildings, and advanced manufacturers. It provides real-time guidance to staff so they can predict and resolve issues and achieve energy efficiency.
Google cloud unveils expanded health IT portfolio at HIMSS 2018 (HEALTHTECHMAGAZINE)
At HIMSS 2018, Google, which has been signaling its interest in revolutionizing health IT for the last few years, has upped its game with a litany of updates aimed at expanding its offerings for healthcare providers.
The big differentiator between WHOOP and other wearables is the amount of data (the massive amount of data) it collects and transmits to servers for processing and analysis. The WHOOP has five sensors that collect data 100 times per second.
Excessive paperwork and red-tape is the sewage of modern medicine. An estimated 14% of wasted health care spending — $91 billion — is the result of inefficient administration.
LiveHealth, which operates a cloud-based platform for managing medical reports, has raised $1.1 million in its seed round of funding from Nexus Venture Partners.