Philips

Remote patient monitoring use is on the rise, but reimbursement needs to catch up

The reimbursement model for remote patient monitoring needs to evolve as it may be holding providers back from investing in these programs, according to panelists at the MedCity INVEST Digital Health conference. Key issues with the structure as it stands now include the fact that there are too many gray areas that result in claims …

Remote patient monitoring use is on the rise, but reimbursement needs to catch up Read More »

HIMSS21 Day 1 News: Google Cloud, Salesforce, Zoom, Philips, GE Healthcare, GoodRx

Google Cloud Unveils New Research examining COVID-19’s Acceleration of Innovation in Healthcare Google Cloud revealed new research unveiling the impact of COVID-19 on reshaping technology’s role in healthcare. This research is the second phase of research that Google Cloud published in July, showcasing how critical data interoperability is in improving patient outcomes. The research reveals …

HIMSS21 Day 1 News: Google Cloud, Salesforce, Zoom, Philips, GE Healthcare, GoodRx Read More »

UCSF, Philips Partner to Enhance Digital Patient Experience & Interoperability

What You Should Know: – Today, Philips announced its collaboration with the University of California, San Francisco (UCSF) to develop technology that will enable a more streamlined patient experience and set a new standard for healthcare delivery. – As part of the strategic collaboration, UCSF will use Philips HealthSuite Digital Platform to enable patient care personalization and make it …

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Connect America Acquires Royal Philips’ Aging and Caregiving (ACG) Business

What You Should Know:      – Connect America has acquired international healthcare technology leader, Royal Philips’ Aging and Caregiving (ACG) business in a strategic deal that expands Connect America’s customer base and connect care portfolio. Connect America is an independent provider of medical alert systems in North America and has become known as a leader in technology solutions that …

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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response.  Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated.  Over the course of the quarter, we observed $7 billion in private …

Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity Read More »

Philips, Ibex Medical Analytics Partner on AI-Powered Digital Pathology Adoption

What You Should Know: – Philips and Ibex Medical Analytics announced a strategic partnership to globally commercialize clinically proven, AI-powered digital pathology solutions. The collaboration further cements Philips’ commitment to integrated diagnostics providing a clear path to precision diagnosis. – The trend towards centralized pathology labs, the global shortage of trained pathologists, and increasing demands on histopathology …

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Key Lessons from COVID-19 & How We Can Better Support our Healthcare Provider

Peter Ziese PhD, MD, Business Leader, Monitoring and Analytics, Philips COVID-19 has been a novel pandemic in many ways beyond the actual virus itself – from the irreparable impacts it’s having on society, to the immense strain it’s put on the healthcare industry. A recent report stated that 93% of healthcare professionals reported experiencing stress, …

Key Lessons from COVID-19 & How We Can Better Support our Healthcare Provider Read More »

Philips, Disney Partner to Improve Pediatric Experience During MRI Exams

What You Should Know: – Philips and Walt Disney Company, today announced a partnership partners to conduct first of its kind clinical research pilot program that aims to help reduce fear and anxiety to improve children’s patient experience during MRI exams – As part of the partnership, Philips will investigate how Philips Ambient Experience – …

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Disney characters will lend a hand to kids during MRI scans

Radiologists in Europe could soon have help keeping children calm as they have MRI scans from Disney favourites like Micky Mouse, Winnie the Pooh and the Little Mermaid. Healthcare tech company Philips has teamed up with Walt Disney Corp to develop custom ambient animations – featuring some of the most-lived characters from Disney, Marvel and …

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Cerner, Philips invest in Carevive Systems’ oversubscribed $18M equity round

The health technology company will use the investment to deploy its cancer care management platform and remote monitoring program at more health systems and to advance its research capabilities. Philips Health Technology Ventures led the equity round, and Cerner was a returning investor.

How Will Philips Acquisition of BioTelemetry Impact The Cardiac Monitoring Market?

At the end of December 2020, Philips announced the planned acquisition of BioTelemetry for $2.8 billion in cash. – BioTelemetry was formed in 2013 after a series of acquisitions from the initial founding company CardioNet, Inc. – CardioNet, Inc. based in San Diego, USA was initially founded in 1994. – After a multitude of acquisitions …

How Will Philips Acquisition of BioTelemetry Impact The Cardiac Monitoring Market? Read More »

Executive Hires: Walgreens Appoints New CEO, Cityblock Health, Innovaccer, Others

Walgreens appoints Rosalind (Roz) Brewer as the company’s Chief Executive Officer, effective on March 15, 2021. Brewer will also join the WBA Board of Directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of Executive Chairman of the Board of WBA. Brewer, 58, will become the …

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Philips Launches Medical Tablet to Expand Remote Patient Management

What You Should Know: – Philips announced the launch of the Philips Medical Tablet, an end-to-end, easy-to-implement, portable monitoring kit that enables remote access to patient data and allows clinicians to care for patients outside of the hospital. – Aiming to serve larger patient populations during emergency situations like the COVID-19 pandemic, the Medical Tablet …

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Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards

What You Should Know: – Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. …

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From Analog to Digital Neurology: 3 Steps to Better Inform Patient Care

Dr. Nandor Pinter, Director of Neuroimaging Research, DENT Institute Dr. Murray Gillies, General Manager of Digital Cognitive Dx Venture, Philips The field of neurology is at an inflection point. With a growing aging population, neurologists are facing an increasing number of patients needing care, and the pent-up demand for services due to COVID-19 only exacerbates …

From Analog to Digital Neurology: 3 Steps to Better Inform Patient Care Read More »

PharmaShots Weekly Snapshots (Jan 18 – 22, 2021)

Takeda’s Alunbrig (brigatinib) Receives MHLW’s Approval as a 1L and 2L Treatment for ALK+ Advanced or Recurrent NSCLC Published: Jan 22, 2020 | Tags: Takeda, Alunbrig, (brigatinib), Receives, MHLW, Approval,1L and 2L, Treatment, ALK+ Advanced or Recurrent NSCLC MTPA and Aquestive Sign a License and Supply Agreement for Exservan (riluzole) to Treat ALS in the …

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Philips makes another digital buy, as Thermo adds COVID-19 test maker

Between them, Royal Philips and Thermo Fisher have been driving a mini M&A spree in the medical technology sector, snapping up three companies in the last few weeks. Dutch electronics giant Philips’ latest move is to acquire Capsule Technologies, which provides software to link data from medical devices and electronic medical records (EMR) within hospitals, …

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Philips Acquires Medical Device Integration Platform Capsule for $635M

What You Should Know: – Philips announces the acquisition of Capsule, a leading vendor-neutral Medical Device Integration Platform with a software-as-a-service business model – The Capsule acquisition is a strong fit with Philips’ strategy to transform the delivery of healthcare along the health continuum with integrated solutions. Philips, today announced that it has signed an …

Philips Acquires Medical Device Integration Platform Capsule for $635M Read More »

3 Steps to Maintain Telehealth’s Momentum Post-Pandemic

In the face of COVID-19, healthcare witnessed how crises can become the long-awaited push for creativity and innovation that the industry needs. When our healthcare infrastructure’s weaknesses were exposed, telehealth helped to stitch them up, with the number of telehealth claims increasing 8,336% nationally from April 2019 to April 2020. Out of need, patients quickly …

3 Steps to Maintain Telehealth’s Momentum Post-Pandemic Read More »

Philips to Acquire Capsule Technologies for ~$635M

Shots: Philips to acquire Capsule technologies for $635M in cash. The transaction is expected to be completed in H1’21 with the addition of ~300 employees of Capsule in Philips’ Connected Care segment The acquisition will expand Philips’ patient care management offering. The acquisition complements Philips’ strategy to transform the delivery of healthcare along the health …

Philips to Acquire Capsule Technologies for ~$635M Read More »

IoMT Is Improving Patient Access: We Must Avoid Creating New Barriers

Heidi Sveistrup, CEO at Bruyère Research Institute Elza Seregelyi, Director at L-SPARK The Internet of Medical Things (IoMT) is changing the face of healthcare and has the potential to significantly improve patient access as well as system efficiencies. The adoption of telemedicine, for example, spurred on by the Covid-19 pandemic, has spread rapidly.  Forrester revised …

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PharmaShots Weekly Snapshots (Jan 11 – 15, 2021)

Novartis’ Ligelizumab (QGE031) Receives the US FDA’s Breakthrough Designation for Patients with Chronic Spontaneous Urticaria Published: Jan 15, 2020 | Tags: Novartis’, Ligelizumab (QGE031), Receives ,US FDA’s, Breakthrough Designation for Patients , Chronic Spontaneous Urticaria Philips Collaborates with Merck KGaA to Advance Personalized Fertility Treatment Published: Jan 15, 2020 | Tags: Philips, Collaborates, Merck KGaA, …

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Philips Collaborates with Merck KGaA to Advance Personalized Fertility Treatment

Shots: The companies have launched a multi-year collaboration to bring digital technologies to fertility treatments integrating informatics, mobile ultrasound diagnostics and more The collaboration build on Philips’ expertise in maternal & fetal monitoring, Pregnancy+, Baby+ consumer engagement apps, which provide information on diet and exercise along with updates on the baby’s development The companies will …

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2020’s Top 20 Digital Health M&A Deals Totaled $50B

Teladoc Health and Livongo Merge The combination of Teladoc Health and Livongo creates a global leader in consumer-centered virtual care. The combined company is positioned to execute quantified opportunities to drive revenue synergies of $100 million by the end of the second year following the close, reaching $500 million on a run-rate basis by 2025. …

2020’s Top 20 Digital Health M&A Deals Totaled $50B Read More »

Startup gets Army funding to test wearable monitor for early Covid-19 detection

Remote monitoring startup BioIntelliSense and Royal Phillips received $2.8 million to test BioIntelliSense’s device for the early detection of Covid-19 symptoms. The startup received FDA clearance for its small, adhesive monitoring device last year.

PharmaShots Weekly Snapshots (Dec 21-23, 2020)

Roche’s Phesgo (Perjeta + Herceptin) Receives EC’s Approval for the Treatment of HER2-Positive Breast Cancer Published: Dec 23, 2020 | Tags: (Perjeta + Herceptin), EC’s Approval, HER2-positive Breast Cancer, Phesgo, receives, Roche, Treatment AMO Pharma Initiates P-II REACH-CDM study of AMO-02 (tideglusib) to treat Congenital Myotonic Dystrophy Published: Dec 22, 2020 | Tags: AMO Pharma, …

PharmaShots Weekly Snapshots (Dec 21-23, 2020) Read More »

DoD Awards $2.8M to Philips & BioIntelliSense to Validate Wearable for Early COVID-19 Detection

What You Should Know: – Philips and BioIntelliSense has been selected by the U.S. Army Medical Research and Development Command (USAMRDC) to receive nearly $2.8M from the U.S. Department of Defense (DoD) to validate BioIntelliSense’s FDA-cleared BioSticker device for the early detection of COVID-19 symptoms. – Working with the University of Colorado Anschutz Medical Campus, …

DoD Awards $2.8M to Philips & BioIntelliSense to Validate Wearable for Early COVID-19 Detection Read More »

Philips to Acquire BioTelemetry for ~$2.8B

Shots: Philips to acquire all outstanding shares of BioTelemetry and its wearable heart-tracking devices for $72/ share in cash with a 16.5 % premium to a closing price of BioTelemetry on Dec 17, 2020, making a total value ~$2.8B. The transaction is expected to be completed in Q1’21 The acquisition complements Philips’ cardiac care portfolio …

Philips to Acquire BioTelemetry for ~$2.8B Read More »

M&A: Philips Acquires Remote Cardiac Monitoring BioTelemetry for $2.8B

What You Should Know: – Philips acquires BioTelemetry, a U.S. provider of remote cardiac diagnostics and monitoring for $72.00 per share for an implied enterprise value of $2.8 billion (approx. EUR 2.3 billion). – With $439M in revenue in 2019, BioTelemetry annually monitors over 1 million cardiac patients remotely; its portfolio includes wearable heart monitors, …

M&A: Philips Acquires Remote Cardiac Monitoring BioTelemetry for $2.8B Read More »

To Solve Healthcare Interoperability, We Must ‘Solve the Surround’

Peter S. Tippett, MD, Ph.D., Founder & CEO of careMesh Interoperability in healthcare is a national disgrace. After more than three decades of effort, billions of dollars in incentives and investments, State and Federal regulations, and tens of thousands of articles and studies on making all of this work — we are only slightly better …

To Solve Healthcare Interoperability, We Must ‘Solve the Surround’ Read More »

COVID-19 ventilator demand fuels Philips Q3 sales

Huge demand for ventilators and patient monitors spurred third quarter sales for Royal Philips, the company announced. The Dutch health technology group reported sales of €4.98bn, a 10% year-over-year growth. The connected care business, which includes patient monitors and ventilators saw the biggest rise, increasing by 42%. Philips said it had ramped up production of …

COVID-19 ventilator demand fuels Philips Q3 sales Read More »

The Future of the ICU? How Clinical Decision Support Is Advancing Care

Kelly Patrick, Principal Analyst at Signify Research Without a doubt 2020 has been a devastating year for many; the impact of COVID-19 on both personal lives and businesses has had long-term consequences. At the end of September, the number of COVID-19 cases fell just short of 350 million, with just over 1 million deaths reported. …

The Future of the ICU? How Clinical Decision Support Is Advancing Care Read More »

PharmaShots Weekly Snapshot (Aug 24 -28, 2020)

1. Taysha Gene Therapies’ TSHA-101 Receives the US FDA’s Orphan Drug Designation and Rare Pediatric Disease Designation for GM2 Gangliosidosis Published: Aug 27, 2020 | Tags:  Taysha Gene Therapies, TSHA-101, Receives, US, FDA, Orphan Drug Designation, Rare Pediatric Disease Designation, GM2 Gangliosidosis 2. Bayer Reports the NDA Submission to NMPA for Vericiguat to Treat Chronic …

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Philips to Acquire Intact Vascular for $360M

Shots: Philips will acquire Intact Vascular for $275M up front and deferred payments of $85M upon completion of the transaction. The transaction is expected to be completed in Q3’20 The collaboration will expand Philips’ image-guided therapy portfolio with the addition of Intact Vascular’s Tack endovascular system, that reinforces standard and drug-coated balloon PAD treatment results …

Philips to Acquire Intact Vascular for $360M Read More »

Philips and B. Braun’s Onvision Needle Tip Tracking Technology Receive the US FDA’s 510 (k) Clearance for Regional Anesthesia

Shots: Onvision needle tip tracking technology will be exclusively available on the latest version of the B. Braun and Philips’ Xperius ultrasound system together with the Stimuplex Onvision needle, empowering anesthesiologists to embrace regional anesthesia as a viable and effective alternative to general anesthesia. It allows anesthesiologists the confidence to accurately position the needle tip …

Philips and B. Braun’s Onvision Needle Tip Tracking Technology Receive the US FDA’s 510 (k) Clearance for Regional Anesthesia Read More »

To Combat COVID-19, Philips Launches Rapid Equipment Deployment Kits

What You Should Know: – Philips today announced the launch of its Rapid Equipment Deployment Kits, which provide doctors with critical care patient monitoring solutions they can quickly implement in the ICU. The Rapid Equipment Deployment Kits use advanced patient monitoring technology to enable care teams to swiftly scale up critical care capabilities within just a …

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Philips Launches Virtual Care Station to Deliver Personalized Telehealth

What You Should Know: – Philips announced the launch of Virtual Care Station, a telehealth environment delivering virtual care services to patients in convenient neighborhood locations, such as retail settings, libraries, town halls and universities. – Using proven Philips technology developed for the ATLAS program (Accessing Telehealth through Local Area Stations), which was created to …

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Cerner Invests in Xealth to Jointly Develop Digital Health Solutions for Clinicians

What You Should Know: – Cerner and Xealth announce a collaboration to foster tighter physician-patient relationships by giving patients easier access to digital health tools. – These assets will be prescribed directly within the physician’s EHR workflow to manage conditions including chronic diseases, behavioral health, maternity care, and surgery preparation. – Cerner and LRVHealth have …

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Philips Launches Pre-Hospital Wireless Monitoring Solution for Emergency Medical Response

What You Should Know: – Philips receives 510(k) clearance from the FDA for its pre-hospital wireless monitoring solution (Tempus LS- Manual), now offering its remote monitor and defibrillator solution (Tempus ALS) to EMS customers in the U.S. – Solution delivers real-time bidirectional data transfer for remote patient monitoring, giving EMS responders a new approach to …

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Philips and BioIntelliSense Integrate to Enhance Remote Patient Monitoring

What You Should Know: – Philips integrates the BioIntelliSense FDA-cleared BioSticker™ sensor as part of its remote patient monitoring solutions for patients outside the hospital. – Multi-parameter sensors aid monitoring across multiple chronic conditions with medical-grade vital signs for physicians to remotely track core symptoms, including COVID-19. – Healthcare Highways is the first to leverage …

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VA, Philips to Create World’s Largest Tele-Critical Care System for Veterans

What You Should Know: – U.S. Department of Veterans Affairs selects Philips to create the world’s largest tele-critical care system, further integrating tele-health and delivering quality care for veterans. – The ten-year contract, which enables VA to invest up to $100 million with Philips for tele-critical care technology and services, leverages Philips history of innovation, including research into technologies …

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