Health Tech Coverage - MedCity News (2024)

Events

Who Will Compete in the INVEST Digital Health Pitch Perfect Contest?

The theme of the Pitch Perfect contest at INVEST Digital Health in Dallas is pediatric mental health. Six companies will compete in the event at Pegasus Park on September 18. Register today!

StartupsHealth Tech,

Public Exits Are Getting More Feasible In The Medtech Space

After several quarters with little to no exit activity in the medtech space, several startups made exits in the second quarter of 2024, according to a new report.

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The Impact Brands: Empowering Wellness Through Natural and Holistic Solutions

In an era of escalating healthcare costs and a growing preference for natural, holistic approaches to health, The Impact Brands emerges as a collective of diverse brands dedicated to supporting overall wellness through natural means.

MedCity Influencers

Proposed Medicare Codes a Game-Changer for Digital Health

If enacted, the codes will represent the first major step toward broad-based reimbursem*nt for digital therapeutics, and acknowledgement that CMS recognizes the substantial role new digital solutions can provide.

BioPharma,Health Tech,Payers

Digital Therapeutics Sector Sees Billing Codes as Key to Breaking Free of Reimbursem*nt Rut

Medicare’s physician fee schedule includes billing codes for digital therapeutics for the first time. Stakeholders say these codes could help turn around reimbursem*nt challenges weighing on the entire digital medicines sector.

Startups

FDA Clears Gel That Can Stop Bleeding In Seconds

Cresilon snagged its second FDA clearance for human use. The FDA granted 510(k) clearance to Traumagel, the startup’s gel that can stop bleeding in just seconds, for temporary external use to control moderate to severe bleeding.

Hospitals,Startups,Health TechArtificial Intelligence,

Caresyntax Rakes In $180M To Make Hospital ORs More Efficient

Caresyntax closed a $180 million Series C extension round, bringing its Series C fundraising total to $310 million. The company sells AI-based precision surgery technology that unifies operating room data on a single platform.

Sponsored Post

What Healthcare Can Learn from Costco

The path forward is clear: employers must evaluate their health plan the same way they do their Saturday shopping excursion.

MedCity Influencers

Medical Device Innovation: Transforming The Workplace

Medical device companies that leverage today’s technology to better share and track product and safety information will outpace rivals and gain a competitive edge. They will be the innovators that can solve problems faster and streamline their workflows for optimal efficiency.

Health Tech,Payers

Fair Square Medicare Unveils Generative AI Platform for Medicare Organizations

Fair Square Medicare launched a new generative AI platform called Vox. It's meant to be used by Medicare carriers and brokerages and has three main features: AI voice agents, generative AI-driven insights and AI-powered coaching.

Health Tech

When Foes Become Friends: Abbott Teams Up With Medtronic

Abbott and Medtronic — typically regarded as competitors — have recently joined forces. The two companies teamed up to collaborate on a continuous glucose monitoring system that combines Abbott’s FreeStyle Libre technology with Medtronic’s automated insulin delivery system.

StartUPDATES: New Developments from Healthcare Startups

Check out news from Alpha Sophia, MD Ally, Guardoc Health, and more.

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Integrated Enrollment Platforms and Consumer Assistance Centers: The Strongest Advantage for State-Based Exchanges

In the ever-evolving landscape of state-based health insurance exchanges, the convergence of technology and customer service is reshaping how these exchanges operate. The increasing advent of automation and artificial intelligence (AI) is rapidly dismantling the traditional business model that relies on the siloing of technology and customer service centers.

Health Tech,Payers

Good Measures, Point32Health Launch Food as Medicine Partnership

Through a new partnership with Good Measures, some Point32Health members have gained access to nutrition counseling, food tracking and other services.

Consumer / Employer,Providers,Pharmacy

What Will the Future of Retail Health Look Like?

Retailers aren’t giving up on healthcare — but they are trying to be more strategic in their efforts to disrupt the space. As these companies re-strategize, experts think they need to center their efforts on building trust and fostering long-term patient engagement.

Hospitals,Providers

Health Systems Are Still Missing Payments Because of the Change Healthcare Cyberattack

Six months after Change Healthcare suffered its cyberattack, some health systems are still missing payments for patient encounters from February, according to a new report. It showed that small hospitals are still missing about 3-5% of expected net revenue for patient encounters from February.

HospitalsHealth Tech,

Last week, McLaren Health Care fell victim to its second major cyberattack in less than a year. The Michigan-based health system has been working to restore its IT and phone systems over the past week, but some of these systems still remain down.

Health Tech

Modern Health Boosts AI Capabilities by Acquiring Anvil Health’s Tech

Modern Health has acquired Anvil Health's AI technology. It has also hired Anvil's co-founder, Paul Clark, as head of AI strategy.