October 15, 2014
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Founders' Note

Every day at StartUp Health, we work with brilliant entrepreneurs and innovators who are transforming healthcare. Now, we’re bringing their hard-earned intelligence and behind-the-scenes stories to you. We’re so excited to announce the launch of our new weekly web show StartUp Health NOW, which celebrates the Healthcare Transformers and changemakers who are reimagining healthcare. Watch here!

-- Steven Krein & Unity Stoakes, Co-founders of StartUp Health

#latest

Josh Stein, CEO and co-founder of StartUp Health company AdhereTech, is solving the $300 billion medication adherence problem. Tune into our inaugural episode of StartUp Health NOW to learn how he and his team -- and their smart pill bottle -- are using the Internet of Things to boost prescription adherence while reducing costs. 

#headlines

Google releases telemedicine platform Helpouts. The trial video platform connects users to doctors after they use the search engine to look for symptoms of common illnesses. Big partnerships with One Medical Group and Scripps are in the works, cementing Google’s entrance into the health space. New York Times

Philips proposes medical-grade wearable with Salesforce. The two tech giants have joined forces to develop a device for COPD patients that would allow patients and doctors to track respiratory activity, sleep apnea and more. The proposed wearable would transfer its data to two FDA-approved applications and could target patients recently released from the hospital. Gigaom

The universe of healthcare accelerators is booming, according to a new report published by the California Healthcare Foundation and written by VC and consultant Lisa Suennen. For the inside scoop, watch her on our latest episode of StartUp Health NOW.

Entrepreneurs are made not born. A new study from the Stanford Graduate School of Business, which examined records of 2.8 million small retailers in Texas, found that the lessons repeat entrepreneurs learned from the past were more valuable than their innate personality characteristics. Inc.

VCs are back to backing science startups. While funding for science-based companies still lags behind traditional tech startups, VCs including Founders Fund and Y Combinator are showing renewed interest in biotech, clean tech and other hard-core science startups. Investment in biotech companies rose 26% in the first half of 2014 to $2.93B and is on track to surpass the 2008 peak of $5.14B. New York Times

Telemedicine is gaining ground globally. More governments and private companies in Europe, China, Israel and the US are embracing telemedicine and enacting policies to support it. China is spending billions on health reform and Israel introduced relatively lax guidelines a couple of years ago to support an uptick in telemedicine. The Economist

#academy

Dr. Andrey Ostrovsky, CEO of Care at Hand, was a featured presenter in an mHealth Open Mic Series hosted by HIMSS. To realize the opportunities in mHealth, hospitals may need to beef up internal staffing in mobile design and user experience, an area which may emerge as a new career path for former clinicians, he said. mHealthNews

Inhaler sensor startup CoheroHealth launched a pilot with Mt. Sinai. The trial will test its sensor-based technology for tracking medication adherence among asthma patients. MobiHealthNews

StartUp Health Academy

For entrepreneurs who are transforming healthcare, StartUp Health Academy is a global, long-term coaching program and trusted peer network focused on increasing the equity value of its startups.

#events

Healthcare Transformers at Cleveland Clinic Medical Summit
Oct. 27-29, Cleveland, OH
More than 50 StartUp Health entrepreneurs will present their solutions alongside speakers including GE CEO Jeff Immelt and Microsoft Health Global Manager Neil Jordan. If you invest in or work closely with digital health innovators email events@startuphealth.com to request an invitation to our Showcase. For anyone not yet registered for the Medical Innovation Summit, use our partner code 0801SUPART for a StartUp Health Insider rate of $575.

Digital Health Connection at NYeC Digital Health Conference
Nov. 17-18, New York, NY
If you’re looking to get your startup in front of established industry leaders, join the NYeC program, which connects stakeholders across the industry with cutting-edge innovative companies. Apply by October 26 for the opportunity to participate.

See more digital health events

#insights

So far, digital health startups have received $6.12B in 2014, according to StartUp Health Insights. Here are a few of the most recent deals:

Genetic testing powerhouse Invitae raised $120M to close a series F round. Backed by The Broe Group, Randy Scott and more, the San Francisco-based company will use the new funds to bring its test, which examines 200 genes for issues relating to cancer, heart disease, neurology and more, to a global audience. MarketWatch

MyHealthDirect brought in $8M from Chrysalis Ventures and others to boost its white label appointment solution for health systems. With $12M to date, the company books 1.7 million appointments annually and helps make external referrals for customers including UnitedHealthcare. MyHealthDirect

Hello Doctor landed $700,000 in seed funding from Google, Facebook, pharma companies and other angel investors. The startup, which makes an app for importing digital health records and is HealthKit-compatible, is based in Palo Alto and Tel Aviv. It has access to over 50 percent of US hospitals and clinics through its API. VentureBeat

Digital Health Funding Rankings Q3 2014

Per the latest StartUp Health Insights report, 2014 is shaping up to be another record year for digital health, with $5B invested in the first three quarters of the year. Funding in the sector is on track to nearly double year-over-year.

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