Startups should co-develop products with healthcare providers and figure out how to plant themselves into hospitals and clinics’ operating models. This will allow them to create effective technology, according to the healthcare executives speaking at a Monday panel on alleviating healthcare inefficiencies through innovation.
A $10 million venture fund launched earlier this year by the private, nonprofit hospital Rex Healthcare has found its first portfolio company in Morrisville, North Carolina-based Aerial BioPharma, which develops biologics and small molecules for conditions affected by the central nervous system. Rex Health Ventures’ $500,000 investment in Aerial is part of the company’s initial […]
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.
Early stage life science companies looking to fill a funding gap now have another avenue: a hospital. Rex Healthcare is creating a $10 million fund to invest in healthcare innovations and technologies. This new fund, called Rex Health Ventures, puts the Raleigh, North Carolina hospital among the few hospitals that have created venture capital fund. […]
Advanced medical technology figures into the more than 36,000 surgeries Rex Healthcare performs annually. But a recent November surgery was the first to feature a smartphone. Two of them, to be exact. And both were actively engaged in every surgical step from patient preparation to the closing of four small incisions. The procedure was a […]
Rex Healthcare is paying $1.9 million to settle allegations that the Raleigh, North Carolina-based hospital routinely submitted false Medicare claims. The settlement figure, plus interest, was announced Monday by the U.S. Department of Justice. The government alleged that the hospital submitted claims to Medicare for a variety of minimally invasive procedures in the 2004 through […]
Rex Healthcare has sold a minority stake in a suburban surgery center to a doctors group. While Raleigh, North Carolina-based Rex will maintain a controlling interest in the facility, the hospital and doctors hope the joint ownership will boost the facility's caseload.
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.