Trinity Pharma makes cloud-based data, analytics, and mobile products for handling the wealth of information generated by life scientists around the world.
Today, the company announced it’s raised $15 million in a growth round. The fresh cheddar will enable Trinity to build new offices in New Jersey and California, to do more sales and marketing, and to continue development on its mobile data analytics product, AgileM.
The round was led by Health Enterprise Partners (HEP), a New York-based growth equity firm with a special focus on health care services and information technology companies.
With the rollout of the Affordable Care Act (ACA) and promise of millions of newly insured individuals gaining access to more health care, the growing problem of doctor shortages in the United States has suddenly taken center stage. Health care experts and policy officials are rightly worried about increased wait times for patients and doctors that are overworked and stretched too thin.
Pacemaker surgery typically requires a doctor to make an incision above a patient’s heart, dig a cavity into which they can implant the heartbeat-regulating device, and then connect the pulse generator to wires delivered through a vein near the collarbone. Such surgery could soon be completely unnecessary. Instead, doctors could employ miniaturized wireless pacemakers that can be delivered into the heart through a major vein in the thigh.
Another Silicon Valley startup by the name of Qardio is planning its jump into the remote health monitoring pool early next year with a mobile blood pressure cuff and a cardiac monitoring chest strap.
Martina Janeckova, who’s in charge of business development for the company, said that many people who should be taking daily blood pressure readings aren’t because it’s inconvenient to carry around a clunky device. Qardio wanted to change that. Its offering is different from other products on the market, according to Janeckova, in its design and user experience.
By 2015, adults aged 50 to 75 will make up 40 percent of the adult population. That has been a significant trend that has influenced the type of technologies startups are developing. A report by Start Up Health and the AARP revealed that investment in digital health companies that include technology of interest to Americans in the 50+ market rose 28 percent in the past year to $928 million by the end of the third quarter this year. But which categories attracted the most investment or saw the most deal activity? Here are a few indications.
Eight former pro football players learned this year that they have signs of a degenerative brain disorder called chronic traumatic encephalopathy (CTE), a condition linked to depression, dementia, and memory loss. These somber findings were uncovered using a new method of brain imaging that, for the first time, enables researchers to spot signs of the condition in the living brain. Previously CTE could only be identified after a victim died.
iMedicare, the high growth Medicare decision-making platform, announced today that it now has 1,000 pharmacies as paying customers nationwide and has performed over 100,000 Medicare plan comparisons for seniors enrolling in affordable health insurance plans this year.
By partnering with over 40 pharmacy organizations, including the National Community Pharmacy Association (NCPA) and the Federation of Pharmacy Networks (FPN), iMedicare now directly reaches over 18,000 pharmacies (26% of the market).
Digital health is booming. A number of web-based and mobile service companies are bringing transparency to health care.
Instead of selecting a doctor based on a friend’s recommendation, you can now peruse anonymous reviews. Rather than calling a doctor’s office and waiting on hold, you can book an appointment online. And instead of paying exorbitant fees for a procedure, you can compare prices at different hospitals.
But how many of these tools do patients actually use, and how useful are they?
After raising a hefty $70 million in September, Practice Fusion, the makers of a popular Electronic Health Records (EHR) platform, are adding yet another round of coin to its coffers. Today’s $15 million investment is an extension to the company’s Series D raise in September, bringing the round to $85 million in total, with the company’s total funding raised to date standing just under $150 million.
From our genomes to Jawbones, the amount of data about health is exploding. Bringing on top Silicon Valley talent, one NYC hospital is preparing for a future where it can analyze and predict its patients' health needs--and maybe change our understanding of disease.
The office of Jeff Hammerbacher at Mount Sinai's Icahn School of Medicine sits in the middle of one of the most stark economic divides in the nation. To Hammerbacher’s south are New York City’s posh Upper East Side townhouses. To the north, the barrios of East Harlem.
