Healthbox Raises $7 Million To Expand Accelerator Program

Chicago, Il.-based Healthbox announces that it has closed its own $7 million investment round, the first strategic investment raised by the health IT accelerator. The round was led by Intermountain Healthcare, with additional participation from Health Care Service Corporation, and Chicago Pacific Founders. Along with the investment round, Healthbox unveils a corporate restructuring that resulted in a new parent company, Healthbox Global Partners, LLC, now sitting atop the growing Healthbox business.

Healthbox Raises $7 Million To Expand Accelerator Program

Since its founding in 2011, Healthbox has focused its efforts on expanding its health IT accelerator program. The company, which ran its inaugural class in January 2012, now runs five programs in Boston, Chicago, Nashville, Jacksonville, and London. Over the past two years, 50 startups have graduated from Healthbox programs. Healthbox has also signed corporate partnerships with 200 healthcare provider organizations interested in piloting, or otherwise supporting, new innovative startup technologies.

Read more...

Twitter Backs Health Research With #DataGrants Project

In February of this year, Twitter unveiled a new pilot program called Twitter Data Grants targeting non-profit researchers that would like to use Twitter’s “fire hose” of live streaming data to support research inquiries. On average, Twitter generates 500 million tweets per day, spanning the globe and covering a treasure trove of different topics. This data is concise, geo-located, and frequently tagged, making it an interesting potential source of datasets for researchers. The program, which offered free access to Twitter’s streaming data, drew 1,300 applications in just over one month. From this, Twitter picked six projects, three of which were focused on research in healthcare.

Harvard Medical School and Boston Children’s Hospital were selected to use Twitter traffic to help expand its HealthMap project. HealthMap was founded in 2006 as a research project that repurposes informal online sources of information to plot real-time disease outbreaks. Currently, the platform analyzes data from the World Health Organization, Google News, GeoSentinel, and others. Researchers with Harvard will now be able to analyze and use data from Twitter to track gastrointestinal illnesses.

Read more...

Nike Closing Down Fuelband Business Line

Nike will shut down its Fuelband business unit, according to CNET who reports that 55 of the 70 person Fuelband team has been laid off or internally transferred to new divisions, and that plans to unveil an upgraded version of the activity tracker, or any other physical products in the digital fitness space, have been cancelled.

Nike Closing Down Fuelband Business Line

Nike entered the activity tracker market early and had success with its Fuelband and Nike+ product lines. The wrist-worn trackers are popular with fitness enthusiasts that want a deeper understanding of their health metrics. However, activity trackers were never widely embraced by mainstream consumers, and the future of the tracker market looks grim because freeware smartphone apps are now beginning to accurately replicate their core functions. Apple’s newest iPhone includes a dedicated M7 processor developed specifically to let third-party apps track user activity more accurately. Samsung’s Galaxy smartphones include an S-Health app which also captures and tracks activity throughout the day.

Read more...

News 4/18/14

I’ve mentioned Oscar, the new tech-powered insurer in New York, a few times. It was gunning big for the insurance exchange there, but only enrolled 14,000 people during the open enrollment period, which is less than 2 percent of the people who enrolled in New York. I have to imagine that’s a major letdown for them. I think the value in Oscar will ultimately be in the technology it creates, so I’m interested to see if this result changes its trajectory.

News 4/18/14

Validic seems to be everywhere these days. Here’s a good local story on what they are doing in Durham. I had no idea they were growing so fast, currently with 16 people and growing by another 19 by the end of the year.

Read more...

Nuance Acquires Image Exchange Vendor Accelarad

Speech recognition vendor Nuance formally announces its acquisition of cloud-based image exchange vendor Accelarad, following several days of speculation that Nuance would enter the image exchange market with an acquisition. Financial details of the acquisition were not disclosed.

Nuance Acquires Image Exchange Vendor Accelarad

The acquisition has been in the works for a while, because in line with the acquisition announcement Nuance reported that its new image exchange network, renamed the Nuance PowerShare Network, would be immediately available for licensing. The network is web-enabled platform that allows clinicians to connect with one another and share reports and images across a secure web connection in a similar workflow to how information is shared on social networks. 

Read more...

Mayo Clinic-Backed Health Assistant App Raises $5 Million Seed Round

The Mayo Clinic is partnering with a new mobile health startup called Better that is launching an app it hopes will fundamentally disrupt the process of researching health conditions online. The Palo Alto, Calif.-based startup was founded in 2013 and has raised a massive $5 million seed round led by Mayo Clinic and the Social+Capital Partnership.

Mayo Clinic-Backed Health Assistant App Raises $5 Million Seed Round

The team behind the project has a track record of success. Geoff Clapp is a serial entrepreneur who previously founded the Health Hero Network before being acquired by Bosch Healthcare, and now serves as an advisor for Rock Health. He has also held positions with Apple and Genomera. Co-founder Chamath Palihapitiya is the founder and managing director of The Social+Capital Partnership, a prestigious VC fund in Palo Alto, Calif. with an equity stake in the new startup.

Read more...

Remember the Past or be Doomed to Repeat It

I had to Google that quote to figure out who said it first. Apparently the proper quote or original quote from George Santayana is, "Those who cannot remember the past are condemned to repeat it." "Doomed" is often used in place of "condemned," but I prefer the ring of condemned because it’s more like a punishment for forgetting.

Why should we be thinking about the past? Health IT is booming and more is coming to healthcare. In many respects, healthcare is at a crossroads, with large shifts taking hold. Many of these shifts will be powered by new technology, technology-enabled services, and data-enabled services. Layer on top of all of this new rules — I’m hesitant to say “standards” because of the track record of HL7 standards being implemented in a standard way for data exchange and interoperability — and we’re at a crossroads as an industry.

Read more...

Health Data Consortium Announces Code-A-Palooza Challenge

The Health Data Consortium announces a Code-A-Palooza challenge that invites programmers to dig into the hoards of newly released CMS payment data to create apps and visualization tools that would help consumers make more informed decisions about their healthcare.

Health Data Consortium Announces Code-A-Palooza Challenge

The challenge is soliciting written proposals through April 25, during which applicants will have to explain the use case and benefits of their idea. Ten finalists will be selected from those that enter and will get free passes to the Health Datapalooza conference as an award. Finalists will have all of May to code their final prototypes, before the June 1 – 3 Health Datapalooza conference, where they will present a live demo of their final product in front of a panel of judges. At the end of the demos, three winners will be chosen. The first place team will receive a $20,000 price. A second place award of $10,000, and a third-place award of $5,000 will also be issued.

Read more...
↑ Back to top

Founding Sponsors

Platinum Sponsors