Most current Jump ARCHES awards target on professional medical tech alternatives to deal with vexing overall health treatment worries

PEORIA, Sick. and URBANA, Ill., Jan. 20, 2022 /PRNewswire/ — 20 investigation assignments are sharing a bit additional than $1.4 million in funding via the Leap ARCHES investigate and development software to tackle a variety of vexing professional medical worries including neurological testing for small children and athletes (such as concussions), migraines, and worry among nurses enduring pandemic troubles at home and at function. The Soar ARCHES software is a partnership amongst OSF Healthcare and the University of Illinois Urbana-Champaign (U of I), and the University of Illinois Faculty of Medicine in Peoria (UICOMP).

The funding supports research involving clinicians, engineers, and social researchers to quickly establish technologies and devices that could revolutionize medical coaching and wellbeing care delivery. A lot of of the awards stand for new tasks, while some will construct on earlier funded attempts.

“These assignments highlight locations where by OSF Healthcare and our partners are dedicated to generating advancements, together with: COVID-19 restoration, personalized medication, information stability, overall health literacy to underserved populations, assistance for all those providing bedside treatment, as nicely as enhancements in neurological diagnosis/therapy, in accordance to Dr. John Vozenilek, vice president/chief medical officer, OSF Innovation & Digital Wellbeing. He adds, “We know digitally related health and fitness devices, effective information analytics, and new innovative techniques give the guarantee of universal conventional treatment and health and fitness know-how for everyone we provide.”

“The grant awards replicate areas of incredible investigate accomplishment on the U of I campus at the intersection of engineering and medicine, which commenced at our pretty have Health Treatment Engineering Systems Heart,” explained T. Kesh Kesavadas, director of the Wellness Treatment Engineering Units Center at U of I Urbana-Champaign. “The Center has set up alone as a main innovator on campus where by scientists remedy problems confronted by real clinicians in healthcare facility options with technological innovation these kinds of as AI-primarily based intubation and IoT sensor-dependent masks.”

Meenakshy Aiyer, MD, interim regional dean of UICOMP stresses collaboration and innovation are the important to advancing healthcare. “These Bounce ARCHES grants showcase the enjoyable choices that exist when the finest and brightest minds from across disciplines unite for the increased great.”

Spotlight Project- Evaluating Concussions in Two Minutes

Examining concussions in the two kids and grown ups has been a difficult problem which relies on self-described signs. Adam Cross, MD, FAAP is a pediatric hospitalist

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What Oracle’s acquisition of Cerner could imply for massive tech in well being

Previously this 7 days company software large Oracle stunned the health care IT entire world when it declared its programs to acquire a single of the primary EHR programs Cerner for $28.3 billion. The news places Oracle on the map as a opportunity significant player in the well being know-how planet. 

“This was a deal that no a single noticed coming. Beyond that, I would say it puts Oracle quietly in the healthcare tech place for the initial time,” Paddy Padmanabhan, CEO of Damo Consulting, told HIMSSTV.

“Oracle has a presence by means of its ER fork out merchandise and its database choices, and so on, but this is the 1st time they are finding into the clinical software space. And they are executing that with the most significant acquisition by considerably that they have done, but also the most important acquisition of this 12 months in tech, and in typical 1 of the major acquisitions we’ve found in the tech area in sometime.” 

It is not the first time massive tech has entered the health care arena. About the very last quite a few decades the FANNG corporations have invested in the place. For instance, Google designed an EHR search software identified as Treatment Studios, Amazon commenced to offer virtual care companies and Apple developed an Food and drug administration-cleared ECG algorithm for its Observe. 

“There is a new player in town, and that player has declared their existence in a incredibly loud and persuasive way. But let’s also not neglect that big tech has had its very own set of difficulties in the final calendar year.

“A few of them actually took a action again, and the most noticeable a single is Google, where by David Feinberg employed to perform in advance of taking on the job of CEO at Cerner. And Google successfully shut down its health care company. There isn’t a healthcare business enterprise. Apple also experienced some setbacks in the major care business they had been launching,” Padmanabhan explained. 

“Amazon is pressing ahead. They appear to have consolidated all of their healthcare initiatives less than a single leader. They are receiving right into the major treatment room, which is a little something that other tech firms have averted. That is finding into the health care business, since marketing healthcare technologies and offering healthcare products and services are two completely diverse issues. Microsoft has

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Report: COVID-19 accelerates wellness tech investment in 2021

Well being technological innovation expense is a standout in fundraising so much this calendar year, raking in $23.8 billion throughout 556 concluded promotions via the 3rd quarter, in accordance to Deloitte’s Road to Next report.

“Accelerated by the COVID-19 pandemic, dealmaking at the expansion stage rose to new heights in 2020 and 2021 to day,” wrote report authors Heather Gates and Peter Micca.

“Building off critical specialized developments and mass adoption of smartphones as well as incremental enhancements in again-finish healthcare+ IT infrastructure, wellbeing tech platforms have proliferated into a extensive wide range of niches, increasing significant financing rounds to keep scaling rapidly to meet mounting buyer demand.”

This year’s health care dealmaking increase is even much larger so significantly than the speedy growth of the earlier two decades. The report mentioned that mixture growth-phase offer price in health care much more than doubled in between 2019 and 2020, increasing from $8.3 billion to $17.4 billion.

The COVID-19 pandemic experienced a hand in the improved expenditure in wellness tech and health care IT. The report’s authors wrote that COVID-19 inspired suppliers to update their technology, arguing that tech-enabled startups with new treatment styles are commencing to pull patients away from larger health and fitness programs. 

“Large healthcare companies are usually sluggish to renew tech stacks  but they will have to, sooner or later  which could deliver unbelievably rewarding possibilities for health and fitness tech corporations seeking to tackle pieces of that over-all value chain,” they wrote.

In the meantime, digital health organizations are also benefiting from modifying needs through the pandemic, like the enlargement of virtual treatment and at-property screening. These firms are employing the flood of funds to grow speedily though the industry proceeds to will need these new modalities. They are also coming into their personal, thanks to improved communications tech. 

“Many of these businesses’ products and solutions and services only turned actually feasible about the past decade, many thanks in substantial section to the growing trustworthiness and ubiquity of wireless communications and large-excellent video, the reduction in expenses of prevalent tests, and declines in computing prices, among other folks,” Gates and Micca wrote.

Earning an exit

Valuations are getting superior, pushing wellness tech companies towards the public markets. The report uncovered the higher quartile of late-stage pre-revenue valuations grew from $100 million in 2019, to $200 million in 2020, and $331.3 million so far

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Black tech founders work to improve health care for people of color : Shots

(from left) Kevin Dedner founded Hurdle, a mental health startup that pairs patients with therapists. Ashlee Wisdom’s company, Health in Her Hue, connects women of color with culturally sensitive medical providers. Nathan Pelzer’s Clinify Health analyzes data to help doctors identify at-risk patients in underserved areas. Erica Plybeah’s firm, MedHaul, arranges transport to medical appointments.

Kevin Dedner; Kolin Mendez Photography; Aaron Gang Photography; Starboard & Port Creative


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Kevin Dedner; Kolin Mendez Photography; Aaron Gang Photography; Starboard & Port Creative

(from left) Kevin Dedner founded Hurdle, a mental health startup that pairs patients with therapists. Ashlee Wisdom’s company, Health in Her Hue, connects women of color with culturally sensitive medical providers. Nathan Pelzer’s Clinify Health analyzes data to help doctors identify at-risk patients in underserved areas. Erica Plybeah’s firm, MedHaul, arranges transport to medical appointments.

Kevin Dedner; Kolin Mendez Photography; Aaron Gang Photography; Starboard & Port Creative

When Ashlee Wisdom launched an early version of her health and wellness website, more than 34,000 users — most of them Black — visited the platform in the first two weeks.

“It wasn’t the most fully functioning platform,” recalls Wisdom, 31. “It was not sexy.”

But the launch was successful. Now, more than a year later, Wisdom’s company, Health in Her Hue, connects Black women and other women of color to culturally sensitive doctors, doulas, nurses and therapists nationally.

As more patients seek culturally competent care — the acknowledgment of a patient’s heritage, beliefs and values during treatment — a new wave of Black tech founders like Wisdom want to help. In the same way Uber Eats and Grubhub revolutionized food delivery, Black tech health startups across the United States want to change how people exercise, how they eat and also how they communicate with doctors.

Inspired by their own experiences, plus those of their parents and grandparents, Black entrepreneurs are launching startups that aim to close the cultural gap in health care with technology — and create profitable businesses at the same time.

Seeing problems and solutions others miss

“One of the most exciting growth opportunities across health innovation is to back underrepresented founders building health companies focusing on underserved markets,” says Unity Stoakes, president and co-founder of StartUp Health, a company headquartered in San Francisco that has invested in a number of health companies led by people of color. He says those leaders have “an essential

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These 3 Health Tech Startups Are Case Studies – Crunchbase News

March 12, 2020, was always going to be memorable for Jason Feldman, because that was the day his men’s health-focused startup, Vault Health, was set for a major rebrand and national rollout. But now the day is etched in his mind because it set his company on an unexpected trajectory that led to growth beyond his expectations. 

On that mid-March Thursday, Feldman stood on the stock market floor in New York and witnessed the chaos as the country’s Dow Jones Industrial Average and S&P 500 saw the greatest single-day percentage dip since 1987. 

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The founder and CEO was there to pose for photos and provide an interview to announce Vault Health’s next moves, but instead found the market was reacting to the COVID-19 virus. The deadly coronavirus had been declared a pandemic by the World Health Organization the day before, and would be branded a national emergency in the United States by then-President Donald Trump less than 24 hours later. 

“I was there watching these investors on the floor of the stock exchange freaking out because the market literally was crashing,” Feldman remembered in a recent interview with Crunchbase News. “So we go back to the office, and I thought ‘What are we going to do?’ Because we had literally just launched the brand nine months before and built all this technology and here we are. Now I’m afraid that peoples’ jobs are at risk, and I don’t know how we’re going to live.” 

Vault not only lived, but grew significantly over the next year and a half. 

The pandemic set in motion a new trajectory for many healthtech startups, particularly those nimble enough to respond to a world crisis that confused and broke traditional public health care systems. And while tech’s contribution during the pandemic was a mixed bag of good and bad, those that figured out how to quickly fill the needs of scared residents, governments and companies have been rewarded. 

Investors in the space raced to put money into digital health startups last year. In all, the industry raised $16.6 billion in investments globally while the pandemic raged on, up from $12.5 billion the year before, according to Crunchbase data. So far in 2021, the industry has raised nearly $20 billion in funding, the data show. 

Of those that successfully made a pandemic pivot, many lucked out having existing partnerships

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