Industry veterans from Ernst & Young, Johnson & Johnson (NYSE:JNJ) and Deloitte are planning to launch a healthcare growth equity company to provide turnaround services and to help new companies get off the ground.Scheduled to open next month, the firm will help underperforming companies improve sales. It will also serve as a launchpad for smaller [...]

A New York health system is looking to Cleveland Clinic Innovations to help discover, develop and commercialize new technology invented by its clinicians.CCI has inked a new agreement with North Shore-Long Island Jewish Health System. It’s the second deal of this nature that CCI has made — the first was with Maryland’s MedStar Health, which [...]

The picture-driven social media tool Pinterest made Internet history by rocketing to 10 million subscribers in just under two years, and already surpasses YouTube, Google+ and LinkedIn for referral traffic. The majority of users are early adopters of social media, women in their 20s and 30s sharing pictures under categories ranging from beauty, fitness, science and nature.

Frank Moss of the MIT Media Lab and director of the New Media Medicine group discussed some of the projects the lab has undertaken to help people manage their own health and speed up the development of digital health apps and devices at Social Media Week in New York.“We dramatically underestimate the power of ordinary [...]

East Coast technology accelerator DreamIt Ventures has launched its second new program in as many months – the latest focusing on minority-led startups.DreamIt Access will consist of five minority-led businesses in each DreamIt Ventures class from now on, starting with the summer class in New York City, said William Crowder of DreamIt Ventures. Applications for [...]

Big Data investor IA Ventures has raised a new $105 million fund that it will funnel into two dozen or so startups over the next three years.The New York-based venture firm invests in “companies that create competitive advantage through data,” usually in pre-revenue stages. With its second fund, IA will try to balance its portfolio [...]

A drug developer wants to shake up the clinical trial process through crowdsourcing as well as using telemedicine and greater data transparency. It believes implementing these together can cut the cost of doing clinical trials by 50 percent in the next two years.Transparency Life Sciences is a New York-based startup that was founded by CEO [...]

The U.S. Food and Drug Administration is reviewing epidural injections of steroids to treat neck and back pain following a warning by Bristol-Myers Squibb (NYSE:BMY) seven months ago that administering its Kenalog steroid around the spine could cause serious complications, according to a report by Bloomberg.Bristol-Myers in New York revised its label for Kenalog to [...]

The escalating costs of healthcare have been widely reported, but a bill for a three-week hospital stay left one New Yorker reeling when he was charged $44.8 million, according to The New York Daily News.Alexis Rodrieguez had been treated for pneumonia at Bronx-Lebanon Hospital.PHY Services said the pricey hospital bill was a mistake resulting from [...]

Blueprint Health will add a second class later this year following the massive response the start-up accelerator received for its inaugural spring class for healthcare IT companies.Blueprint, led by Mathew Farkash and Dr. Brad Weinberg, received 300 applications for a class of nine. The company has been able to build an ensemble of 120 mentors [...]