iHealthBeat: Business and Finance

Health IT Business News Roundup for the Week of January 22, 2016

Thu, 21 Jan 2016 14:00:00 Z

Vindell Washington, former president of the Franciscan Missionaries of Our Lady Health System Medical Group, has been named principal deputy national coordinator at the Office of the National Coordinator for Health IT. Jawbone, a developer of fitness tracking wearable technology, has raised $165 million from the Kuwait Investment Authority.

Report: 2015 Digital Health Funding Down Slightly to $4.6B

Tue, 19 Jan 2016 18:50:00 Z

A Mercom Capital Group report shows that total venture capital funding for digital health dropped slightly last year, from $4.7 billion in 2014 to $4.6 billion in 2015. In the last five years, total digital health funding reached $13.4 billion across 2,050 deals. Healthcare IT News et al.

Health IT Business News Roundup for the Week of January 15, 2016

Fri, 15 Jan 2016 13:39:00 Z

Healthline Networks, a health information website, has raised $95 million from Summit Partners. Health Catalyst will integrate its data warehousing infrastructure with the University of Pittsburg Medical Center's cost management system.

Health IT Business News Roundup for the Week of January 8, 2016

Fri, 08 Jan 2016 17:44:00 Z

Navigant has acquired McKinnis Consulting Services, a consulting firm for Epic EHR system clients, for about $49 million in cash, $3 million in stock and potentially an additional $10 million. Melissa Martin, with the West Virginia United Health System, has been named president/chair of the American Health Information Management Association's board of directors.

IBM Partners With Under Armour on Fitness-Tracking Platform

Thu, 07 Jan 2016 18:22:00 Z

IBM has announced a new partnership with Under Armour that will leverage Watson's data analysis capabilities for "timely, evidence-based coaching about health- and fitness-related issues." IBM also announced a new initiative under its partnership with Medtronic to develop an alert system for diabetes patients. IDG News Service/Computerworld et al.

Poll: Average Salary of Health IT Workers Topped $111K in 2015

Wed, 06 Jan 2016 17:14:00 Z

A survey by the Healthcare Information and Management Systems Society finds health IT professionals last year earned an average of $111,388. The survey shows salaries varied by gender, with men earning an average salary of $126,262, compared with an average of $100,762 for women. Health Data Management, Healthcare IT News.

Report: Connected Health Technology Market To Reach $117B by 2020

Tue, 05 Jan 2016 18:16:00 Z

A report by ACT | The App Association finds that the connected health technology market is expected to reach $117 billion by 2020. Meanwhile, the report finds the industry is likely to place greater emphasis on chronic condition management, personal fitness and wellness, and remote patient monitoring. FierceMobileHealthcare, ACT | The App Association report.

Report: Venture Capital Funding for Digital Health Down in 2015

Mon, 04 Jan 2016 17:41:00 Z

A new report from StartUp Health finds that venture capital funding for digital health companies was $5.8 billion in 2015, down from $7 billion the previous year. Deal size remained consistent for early-stage deals but rose for late-stage deals, indicating a maturing market. Modern Healthcare.

Health IT Business News Roundup for the Week of December 18, 2015

Fri, 18 Dec 2015 13:20:00 Z

Lisa Gallagher of the Healthcare Information and Management Systems Society North America and Arien Malec of RelayHealth Clinical Solutions have been named co-chairs of the Office of the National Coordinator for Health IT's Health IT Standards Committee. Vidyo, a provider of encrypted videoconferencing telehealth services, has raised $15 million in a funding round.

Remote Patient Management Market To Grow by 13.2% by 2020

Thu, 17 Dec 2015 18:36:00 Z

An analysis from Frost & Sullivan finds that while the current clinical need for remote patient management is limited, new opportunities are expected to emerge over the next five years. The analysis projects that an increase in chronic health conditions, efforts to keep readmissions low and other factors will drive the remote patient monitoring market to grow by 13.2% by 2020. FierceHealthIT et al.

Report: 2015 Digital Health Venture Funding Holds Steady at $4.3B

Wed, 16 Dec 2015 17:12:00 Z

A Rock Health report shows total venture funding for digital health remained flat at $4.3 billion between 2014 and 2015. Meanwhile, the average value of each deal increased from $14.7 million in 2014 to $15.6 million in 2015, while the total number of venture investments decreased from 294 to 278. MedCity News, MobiHealthNews.

Health IT Business News Roundup for the Week of December 11, 2015

Fri, 11 Dec 2015 16:43:00 Z

IBM Watson Health has partnered with Novo Nordisk, a developer of diabetes treatment and care devices, to develop diabetes care tools for the Watson Health Cloud. Florida-based Adventist Health System has selected athenahealth's electronic health record, practice management and patient engagement services.

Maryland Terminates Contract for Upgraded Medicaid System

Thu, 10 Dec 2015 18:33:00 Z

The Maryland Department of Health and Mental Hygiene has terminated Computer Science Corp.'s five-year, $171 million contract to upgrade the state's Medicaid claims management system. The state, which alleged inadequate work, is determining whether it is owed any refunds, while CSC says it still is owed $80 million. Baltimore Sun.

Report: Population Health Management Market To Double by 2020

Thu, 10 Dec 2015 16:38:00 Z

A new report by Tractica finds that the population health management market is expected to grow from $14 billion this year to $31.9 billion by 2020. The report estimates that one-third of the new revenue will come from software, while two-thirds of new revenue will come from professional services. Health IT Analytics, Tractica release.

Workplace Wellness Programs Promising, but Health Data Privacy Concerns Remain

Mon, 07 Dec 2015 11:00:00 Z

Employers are widely adopting wellness programs to encourage healthier behaviors among employees and to lower medical costs. But questions about how sensitive health data are stored and who ultimately gains access to such information continue to surface.