Hinge Health Prepares for IPO, FDA's Commitment to Digital Health, Labours plans to fix the NHS and more
Hi,?Kevin McDonnell?here. Thank you for reading my latest newsletter. Every week I share my round-up of the most interesting stories from the world of Digital Health I've been reading so you can find the ideas, people, innovations and technologies that are shaping the future of healthcare. I hope you enjoy them! Happy reading! Don't forget to?follow me?or?our page?for more insights every day.
A Deep Dive into NHS England's 2023-24 Business Plan - In a world where healthcare is perpetually under the microscope, NHS England’s 2023-24 Business Plan envisions a future in which technology and patient-centred services coexist effortlessly. But what lies underlying this ambitious ambition, and how will it shape the future of HealthTech and patient care in the UK?
Midi Health Secures ￡25M Series A Funding to Revolutionise Midlife Care for Women - Midi Health has secured ￡25M in Series A funding, led by GV. The company aims to redefine midlife care for women in the US. With this funding, Midi Health plans to expand its operations nationwide and collaborate with major hospital systems and employers. The focus is on providing personalised, affordable midlife care.
Exploring the Future: FDA's Commitment to Digital Health Innovations - The FDA has launched a Digital Health Advisory Committee to guide its approach to emerging digital health technologies. This committee will address AI, AR/VR, wearables, and more challenges. Operational by 2024, it aims to balance innovation with patient safety, reflecting the FDA's proactive stance on digital health.
Three Hours Daily Rehabilitation: A Leap Forward for Stroke Recovery? - New NHS guidelines recommend three hours of daily rehabilitation for stroke patients in England and Wales. While the intensified therapy could benefit recovery, concerns arise about the health service's capacity to deliver. The move highlights the balance between offering optimal care and managing systemic challenges in healthcare delivery.
Hinge Health Aims for Profitability in 2024 as It Prepares for IPO - Hinge Health, a virtual physical therapy provider, is gearing up for an IPO, targeting profitability by 2024. Despite economic challenges, the company remains financially stable with over $400 million in reserves. CEO Daniel Perez also revealed plans to acquire digital-health startups, enhancing Hinge Health's offerings and market position.
How would a Labour government fix the NHS? - The Labour Party outlines its vision for the NHS, focusing on community care, prevention, and technological advancements. Wes Streeting, the shadow health secretary, emphasises shifts from hospital-centric to community-based care, illness treatment to prevention, and analogue to digital services. The plan also prioritises mental health and workforce shortages.
Anticipated Consolidation in Digital Health: Key Areas to Watch in the Upcoming Year - Healthcare leaders predict consolidation in digital health sectors like generative AI, behavioural health, virtual care platforms, and digital therapeutics. Factors include the rise of sustainable business models, increased investments, and industry maturation. The evolving landscape suggests a focus on scalable solutions and integration into the broader healthcare system.
Digital Health's AI Frontier: The Search for a Dominant Player Continues - The digital health landscape is undergoing a transformative shift, with artificial intelligence (AI) at the forefront of discussions and innovations. The HLTH 2023 Conference in Las Vegas became a melting pot of ideas, where over 10,000 attendees, ranging from budding startups to Fortune 500 giants, showcased their latest digital health solutions. The competition is fierce, with tech behemoths like Alphabet, Microsoft, and Amazon carving out their individual AI strategies. The challenge lies not in the technology itself but in its integration into existing healthcare systems.
Best Buy Health Ventures into Prescription Diabetes Medical Technology Delivery - Best Buy is diversifying its offerings by introducing prescription-required medical devices, specifically glucose-monitoring machines. This move is in response to the alarming prevalence of diabetes, affecting over 10% of the U.S. population. Partnering with the virtual care platform Wheel and pharmacy technology entity HealthDyne, Best Buy aims to provide a comprehensive hub for patients' needs.
GE Healthcare Secures ￡44 Million Contract for AI-Augmented Ultrasound Technology Development - GE Healthcare has secured a ￡44 million contract from the Biomedical Advanced Research and Development Authority (BARDA) to develop AI-enhanced ultrasound technology. This aims to support clinicians of varying expertise in diagnosing lung pathology and traumatic injuries efficiently. The technology's potential is vast, from routine care to mass casualty scenarios, ensuring timely and accurate patient care. This collaboration signifies the commitment to revolutionising healthcare through advanced technologies.
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