Mobile health monitoring company BodyMedia, which makes an armband that captures health data from users, has raised $2.7 million of an anticipated $10 million round.
The funding for Pittsurgh-based BodyMedia comes from four investors, with the first sale occurring on March 13, according to a regulatory document.
When worn all day, BodyMedia’s FIT armbands measure a person’s steps taken, sleep patterns and calorie output, and then recommends activity and dietary adjustments to the user based on that data.
Market Trends to Watch for Health Systems and Their Specialty Pharmacies
The future looks bright for the integrated specialty pharmacy model – for health systems, providers, and most importantly, for patients.
In addition to the armbands, the FIT system includes an online activity manager and free apps for mobile device users.
Earlier this month, BodyMedia announced that astronauts on the International Space Station would be wearing FIT armbands to monitor their physical activity as part of an experiment to determine astronauts’ energy needs during long-term space flights.
BodyMedia has garnered lots of press in recent months and signed a promotional deal with fitness expert Jillian Michaels, who appeared at the Consumer Electronics Show in Las Vegas earlier this year to endorse the FIT system.
Chief financial officer Paul Quinn didn’t return a call.
Reducing Clinical and Staff Burnout with AI Automation
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.