California-based virtual reality therapeutic company AppliedVR announced it secured an expanded contract with the U.S. Department of Veterans Affairs via its Office of Healthcare Innovation and Learning, dubbed VA Immersive, to provide veterans with VR-based chronic low back pain therapies.
AppliedVR's RelieVRx (formerly EaseVRx) received FDA De Novo clearance in 2021 to be used in the treatment...
Employer Direct Healthcare, a network company for employers who self-fund healthcare coverage, announced it garnered $92 million in secondary investment from Insight Partners, bringing its valuation to $1 billion.
Existing investors Redmile Group, Dundon Capital and Serent Capital will continue to receive ownership interest in the business.
The company also announced the hiring of numerous...
LUMA Vision, maker of a 4D cardiac imaging and navigation platform that uses machine learning, announced it secured $22 million in Series A3 financing.
The round was led by existing investors ABV Uni Fund, imec.xpand and EQT Lifesciences, and included new investors Bayern Kapital, Atlantic Bridge Growth Fund and an undisclosed strategic investor.
WHAT IT DOES
LUMA, which spun out of Trinity...
Digital health executives predict funding in 2024 will increase for companies with platforms proven helpful for healthcare providers and patients, while those not showing value will be forced to dissolve.
Leaders also relayed to MobiHealthNews that mergers and acquisitions will be prominent in the digital health industry, and genAI companies may take center stage when garnering funding. ...
Google announced the release of MedLM, two foundational models built off Med-PaLM 2, designed to answer medical questions, generate insights from unstructured data and summarize medical information.
The tech giant said that through piloting its LLMs with healthcare organizations, it has learned the most effective AI models are designed to address specific use cases. Therefore, the large model...
Leaders in the digital health space told MobiHealthNews their predictions about where AI will make the most significant mark in healthcare in 2024.
Following the considerable increase in the use of AI in healthcare in 2023, stakeholders expect next year to bring even wider adoption of the technology across various sectors, from implementation in physician-facing tools that help ease provider...
Digital metabolic care startup Twin Health announced it has raised $50 million in funding, two years after securing $140 million in Series C funding.
Temasek led the funding with participation from existing investors Sofina, ICONIQ Growth, Helena, and Peak XV.
WHAT IT DOES
Twin’s product is the Whole Body Digital Twin, an AI-backed model that aims to provide individualized nutrition, sleep and...
Digital weight loss company Noom has announced several new hires within its leadership team, including new executive vice president and chief financial officer Jean Clifton, chief technology officer Rich Friedman, and general counsel Norman Petty.
The company has also appointed Jim Bugden as senior vice president of corporate development and partnerships, named Katerina Kugel as senior director...
AI in healthcare and value-based care enablement are top developing trends in healthcare, but lack scalability so far, while big box retailers as providers and data interoperability have shown a high volume of activity in 2023, and are scaling with long-term trajectories.
Rock Health's report, which utilized data to determine the sequence of developments in the digital health space this year,...
Multispecialty medical group Privia Medical Group Gulf Coast, part of physician enablement company Privia Health, is partnering with tech-enabled women's health startup Iron Health to launch an initiative that binds health services with OB/GYN care dubbed Privia Wellness.
Iron Health dubs itself as a virtual extension of an OB/GYN practice, offering primary care and mental health services,...
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