Every week, we compile the most popular and thoughtful stories on MedCity News. Among this week’s highlights, Proscia $1 million fundraise underscores the rise of digital pathology in cancer diagnoses, a survey on corporate venture firms and their investment priorities and the ramifications of the Providence St. Joseph Health merger.
1. Pathology software startup using data analytics to aid cancer diagnosis has raised $1M
Precision medicine in the fight against cancer saves lives and long term healthcare costs,” said David West Jr., president and CEO of Proscia in a statement. “Like digital imaging did for radiology, our software will usher in a new era of computer assisted pathology accelerating the fight against life threatening diseases.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
2. Corporate venture capital can no longer considered “dumb money”
About 61 percent of CVCs responding to the Health Evolution Summit survey have been formed since 2008 and 27 percent were formed in the past two years, the report found. A whopping 95 percent of them “reported teams that included prior venture capital experience or combinations of both health care operations and investment track records,” per the report, which was developed by Lisa Suennen, of Venture Valkyrie and the Health Evolution Summit.
3. Newly merged Providence St. Joseph Health bets on technology, patient safety
At the beginning of 2016, Providence hired CTO David Endicott away from United Airlines. He will, in part, be in charge of making sure data flows between disparate systems. Providence hospitals and clinics have Epic Systems electronic health records, while St. Joseph facilities mostly use Meditech, according to Hochman.
A Personalized Approach to Medication Nonadherence
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
4. Providence St. Joseph Health wraps up merger, pledges $100M for mental health
Providence St. Joseph made a splash on its first day, announcing the $100 million commitment to mental health by forming the Institute for Mental Health and Wellness. The organization has hired Maureen Bisognano, retired president and CEO of the Institute for Healthcare Improvement, will chair an advisory panel charged with developing a blueprint for the institute and for providing better mental healthcare nationwide.
5. Report: Telemedicine is behind many of the largest non-US digital health deals in H1 ’16
Many of the digital health investments in the first six months of the year reflected the development of digital health outside the U.S. in places like Israel, China and India, especially in telemedicine, according to a midyear report on digital health investment by StartUp Health. Here’s a look at some of the companies that attracted the most investment.
Image: Proscia
