News & Updates

Tel Aviv, Israel-based HealthWatch recently previewed its hWear line of tshirts with interwoven ECG sensors, allowing the shirt to function as a 3 to 15 lead ECG. Currently, the garment itself is registered with the FDA as a Class I device, but the company is seeking 510(k) clearance for the complete system.

Sherpaa, a New York-based concierge medical practice, raised $4 million. According to a report in March from the Wall Street Journal, Tumblr Founder David Karp invested at least $500,000 in the round. This brings Sherpaa’s total announced funding to $5.85 million.

MobiHealthNews reported that medical device company Covidien acquired sports and medical wearables company Zephyr Technology. The company has raised more than $13 million since its founding in 2003, and will fit into Covidien’s patient monitoring division.

Propeller Health, formerly Asthmapolis, received FDA clearance for a platform that includes a new smart inhaler and is geared for patients with either asthma or COPD.

QPID Health, a pre-operative risk assessment tool developed at Massachusetts General, raised more than $12 million in a Series B round. QPID’s software sits on top of a hospital’s electronic health record system and is designed to make it easier for clinicians to access patient data through the EHRs and data repositories.

EMC Corporation debuted EMC Documentum Clinical Viewer, developed in partnership with U.K. based Fortrus Ltd. It provides clinicians with complete access to patient history, diagnosis and treatment from any location, and from any source, using a mobile device.

According to new study by MarketsandMarkets, the global Health Care Electronic Data Interchange market is expected to grow at a CAGR of 13.7% to reach $1,681.1M by 2018. Factors like reduction of overall administration costs for claims transactions, reduction of time and complexity of claims management process, and initiatives by various governments for supporting health care IT are responsible for this growth.

San Francisco based CrowdMed is helping people diagnose their medical conditions by “crowdsourcing” health care knowledge. It uses prediction market algorithms to collaborate the collective knowledge of ‘Medical detectives’ and provide a probable diagnosis, which the patients can take to their doctors for confirmation.

Zoeticx, a developer of medical software, opened its application programming interface (API) for medical industry software developers wanting to build applications that require access to patient medical records. Zoeticx’s publication of its API will provide benefits like faster development and deployment, and lower costs.

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