When Mark Bakken formed the healthcare technology investment firm HealthX Ventures nearly five years ago, he says hospitals, insurers, and other potential buyers of digital health products were less open to conversations with the kinds of early-stage healthtech startups Bakken’s firm wanted to back. At the time, healthcare organizations’ top priority was installing electronic medical … Continue reading “AI Can Unlock Health Data’s Potential, But Access Is Still Difficult”
Tag: Epic Systems
Nuance & Microsoft Team Up on Conversational AI for Doctors’ Offices
Nuance Communications’ plan to lighten the clerical burden on physicians is coming into focus, and it involves an assist from tech giant Microsoft. Nuance (NASDAQ: [[ticker:NUAN]]), the 27-year-old speech recognition technology pioneer, in February revealed it’s developing a device that would sit in exam rooms and listen to conversations between doctors and patients. The system’s … Continue reading “Nuance & Microsoft Team Up on Conversational AI for Doctors’ Offices”
WI Watchlist: Epic, Shine, Venture Investors, Stratatech & More
It’s time to catch up on some of the latest happenings across Wisconsin’s innovation communities: —Shine Medical Technologies said it struck a deal to receive $50 million in financing from funds managed by Oaktree Capital Management. The money will support the ongoing construction of Shine’s medical isotope production facility in Janesville, as well as Shine’s … Continue reading “WI Watchlist: Epic, Shine, Venture Investors, Stratatech & More”
WI Watchlist: Epic, Frontdesk, Shine, StartingBlock Madison & More
With summer coming to a close, it’s time to catch up on recent happenings in Wisconsin’s innovation clusters. Read on for details. —Epic Systems, the electronic medical records giant, unveiled several new products at its annual Users Group Meeting held at its headquarters near Madison. Per a report by the Wisconsin State Journal, the additions … Continue reading “WI Watchlist: Epic, Frontdesk, Shine, StartingBlock Madison & More”
Why Ethernet Inventor Bob Metcalfe is an Internet Optimist
[Editor’s note: This is part of a series examining the internet’s first 50 years and predicting the next half century. Join Xconomy and World Frontiers Forum on July 16 for Net@50, an event exploring the internet’s past and future.] Right alongside Moore’s Law, which describes the exponential growth in computing power since the 1960s, there’s Metcalfe’s … Continue reading “Why Ethernet Inventor Bob Metcalfe is an Internet Optimist”
Q&A: Providence Exec on Bluetree Acquisition, Trends in Health Tech
Providence St. Joseph Health, a Renton, WA-based organization that operates 51 hospitals and 829 clinics across five US states, announced its latest strategic, IT-focused acquisition last week. The company Providence has agreed to purchase—financial terms aren’t being disclosed—is Bluetree Network, a Madison, WI-based consultancy that works with healthcare providers to install and optimize electronic health … Continue reading “Q&A: Providence Exec on Bluetree Acquisition, Trends in Health Tech”
Providence St. Joseph to Buy Wisconsin Health IT Consultant Bluetree
Providence St. Joseph Health, a large network of hospitals and clinics headquartered in Renton, WA, said Thursday it plans to acquire Bluetree Network, a consultancy that specializes in projects involving electronic health records software. Providence did not say how much it will pay to acquire Madison, WI-based Bluetree in a news release announcing the deal, … Continue reading “Providence St. Joseph to Buy Wisconsin Health IT Consultant Bluetree”
Seattle’s TransformativeMed Carves Out Niche in Medical Specialties
An estimated 99 percent of US hospitals now track patients’ health information using computerized records systems, many of which were installed to replaced paper medical charts. As a result, startups are rushing in to capitalize on the recent health-records digitization wave. Some of them, like Seattle-based TransformativeMed, are making the case that their add-on software … Continue reading “Seattle’s TransformativeMed Carves Out Niche in Medical Specialties”
Redox Wrangles $33M to Become Healthcare’s Go-To Data Integrator
[Updated 5/3/19, 12:55 pm CT. See below.] As hospitals and clinics have shifted from paper-based records to digital systems, one of the biggest challenges has been sharing patient data between healthcare providers, and between providers and outside software applications. This “interoperability” problem has created a market for companies such as Redox, a Madison, WI-based startup … Continue reading “Redox Wrangles $33M to Become Healthcare’s Go-To Data Integrator”
WI Watchlist: DotCom Therapy, Nordic, UWM, Epic
It’s time to catch up on recent happenings in Wisconsin’s innovation community: —Madison-based telemedicine startup DotCom Therapy named Sanaz Cordes as its chief executive and said it raised an undisclosed amount of funding from HealthX Ventures, a local venture firm that backs healthtech companies. Cordes is a physician and former chief operations officer of another … Continue reading “WI Watchlist: DotCom Therapy, Nordic, UWM, Epic”
Xealth Gets $11M, Aims to Be Surescripts of Digital Health Services
Doctors prescribe all sorts of things for their patients, like drugs, medical procedures, and changes to diet and exercise regimen. Prescribing a software application—one that helps a patient manage diabetes, for example—may sound futuristic to some people. But to Mike McSherry, CEO of Xealth, a Seattle-based startup that announced $11 million in new funding Wednesday to … Continue reading “Xealth Gets $11M, Aims to Be Surescripts of Digital Health Services”
WI Watchlist: Northwestern Mutual, Epic, Exact Sciences, Propeller
It’s time to catch up on notable headlines from Wisconsin’s innovation community: —Northwestern Mutual, the Milwaukee-based insurance and wealth management services giant, has hired Souheil Badran as chief innovation officer. Badran was previously president of the Americas region for Alipay, the online payments platform operated by Ant Financial, the Alibaba-owned fintech firm. Badran’s new role … Continue reading “WI Watchlist: Northwestern Mutual, Epic, Exact Sciences, Propeller”
Seattle Startup Funding News: Immusoft, TurboPatent, VYRTY & More
Catch up on funding news in the Seattle area’s early-stage business ecosystem from late December and early January: —Immusoft, which is developing technology to genetically reprogram patients’ B cells outside the body to produce therapeutic proteins, said it raised $20 million from investors. The Seattle-based company said a mix of new investors and return backers … Continue reading “Seattle Startup Funding News: Immusoft, TurboPatent, VYRTY & More”
Amazon Wants to Help Doctors and Patients Process Healthcare Data
Amazon intends to wade deeper into healthcare. The company announced Tuesday that it is working with groups in the industry to help them make sense of unstructured medical data using Amazon’s software tools. The Seattle e-commerce and technology giant unveiled what it calls Amazon Comprehend Medical, which the company says could help hospitals, clinics, and … Continue reading “Amazon Wants to Help Doctors and Patients Process Healthcare Data”
WI Watchlist: Froedtert, Gener8tor, Fujifilm Cellular Dynamics, Exact
It’s been a busy week for Wisconsin’s innovation community, with entrepreneurship events taking place statewide for Startup Wisconsin Week (check out highlights on Twitter). Here are some of the other headlines from the past week: —Wauwatosa-based Froedtert Health, which runs a network of hospitals and clinics and is affiliated with the Medical College of Wisconsin, … Continue reading “WI Watchlist: Froedtert, Gener8tor, Fujifilm Cellular Dynamics, Exact”
Epic, Kiio, HealthMyne & More: This Week’s Wisconsin Watchlist
Stay current on news from Wisconsin’s innovation community with these recent headlines: —Epic Systems, a Verona-based developer of record-keeping tools for the healthcare industry, said virtual assistant software it created in tandem with Nuance Communications is now commercially available. The tools allow doctors and other care providers at hospitals and clinics that use Epic’s software … Continue reading “Epic, Kiio, HealthMyne & More: This Week’s Wisconsin Watchlist”
Harley, Gener8tor, Allergy Amulet & More: This Week’s WI Watchlist
Keep up with news from Wisconsin’s innovation community with these recent headlines: —Harley-Davidson, the iconic Milwaukee-based motorcycle manufacturer, said Wednesday that it plans to open a new research and development center in Silicon Valley. Harley (NYSE: [[ticker:HOG]]) said the facility will house about two dozen of its workers—most of whom the company intends to hire … Continue reading “Harley, Gener8tor, Allergy Amulet & More: This Week’s WI Watchlist”
Redox Gets $3M for Tools That Help Hospitals, App Makers Share Data
Redox, a Madison, WI-based startup that develops digital tools enabling healthcare applications to exchange data with patient health records systems, has raised $3 million in debt funding, according to a document filed with federal securities regulators. Twelve investors participated in the financing round, according to the document. Redox has raised more than $15.8 million in … Continue reading “Redox Gets $3M for Tools That Help Hospitals, App Makers Share Data”
Epic Building Tools to Help Patients Guard Their Health Data
New, Internet-connected devices—everything from watches that measure our steps and sleep to sensor-equipped inhalers able to track medication use—are starting to deliver on their promise of giving healthcare providers a fuller picture of what, and how, their patients are doing when they’re not in for a check-up. But the more gadgets and software applications patients … Continue reading “Epic Building Tools to Help Patients Guard Their Health Data”
Epic, CEO Faulkner Confront Life as a Big Tech Company in 2018
Almost all of Epic Systems’ growth during the nearly four decades the healthcare software powerhouse has been in business has come from selling products and services developed internally, which founder and CEO Judy Faulkner has argued is preferable to expanding through mergers and acquisitions. “We’re a software factory. We build our own software. We do … Continue reading “Epic, CEO Faulkner Confront Life as a Big Tech Company in 2018”
Goal of Epic Summit for Non-Clients Is Better Health Records Sharing
For years, the patient records software company Epic Systems has held an annual conference, which attracts thousands of leaders from hospitals and clinics that use Epic’s software to the company’s headquarters in Verona, WI. The customer conference, known as Users Group Meeting, or UGM, has now inspired a spinoff, Epic says. On Sept. 26, the … Continue reading “Goal of Epic Summit for Non-Clients Is Better Health Records Sharing”
Race for Governor, Foxconn, Promega & More: This Week’s WI Watchlist
Voters in Wisconsin will head to the polls on Tuesday, Aug. 14 to cast ballots in primary races for governor and other elected offices. Read on to learn about connections between some of the candidates for governor and the state’s technology and business sectors, as well as other recent headlines from Wisconsin’s innovation community: —Gov. … Continue reading “Race for Governor, Foxconn, Promega & More: This Week’s WI Watchlist”
Fiserv, Comply365, Open Data & More: This Week’s Wisconsin Watchlist
Stay current on news from Wisconsin’s innovation community with these recent headlines: —Fiserv Forum: That’s the newly unveiled name of the arena the NBA’s Milwaukee Bucks will play at when the league’s season begins in September. The arena’s namesake is Fiserv (NYSE: [[ticker:FISV]]), a company headquartered in the Milwaukee suburb of Brookfield that provides banks, … Continue reading “Fiserv, Comply365, Open Data & More: This Week’s Wisconsin Watchlist”
10 Must-Read Stories From Xconomy (and Elsewhere) This Week
Ah, Friday: The gateway to a relaxing weekend. If you’re reading this, it’s likely you’re starting your Friday off the right way with some casual reading. Here’s a peek at some of the fine work Xconomy editors have put out in the last week—and a few from other publications, too, that are very interesting reads. … Continue reading “10 Must-Read Stories From Xconomy (and Elsewhere) This Week”
Epic Systems Pauses HQ Construction After 15 Years of Constant Growth
[Updated 7/22/18 12:48 p.m. See below.] The cranes are gone from Epic Systems’ corporate campus in Verona, WI. After more than a decade of near-perpetual expansion, the fast-growing healthcare software company is taking a break from new building construction, Xconomy has learned. Epic’s employee count has more than tripled in the past decade, from a … Continue reading “Epic Systems Pauses HQ Construction After 15 Years of Constant Growth”
Motivo, Rockwell, Snippet & More: This Week’s Wisconsin Watchlist
Keep up with news from Wisconsin’s innovation community with these recent headlines: —Motivo, a New Berlin-based company that sells wheeled, collapsible walkers for people who need help with mobility and balance, said it raised $950,000 from investors to ramp up sales of its Motivo Tour Walker product line. The walkers, which are currently available for … Continue reading “Motivo, Rockwell, Snippet & More: This Week’s Wisconsin Watchlist”
Epic, Foxconn, Thermo Fisher & More: This Week’s Wisconsin Watchlist
Catch up on news from Wisconsin’s innovation community with these recent headlines: —The United States Supreme Court ruled in favor of Verona-based Epic Systems and two other corporations in a case that examined whether it’s legal for organizations to require their employees to sign arbitration agreements that keep them from pursuing group claims in court. Groups of … Continue reading “Epic, Foxconn, Thermo Fisher & More: This Week’s Wisconsin Watchlist”
Healthfinch Seeks to Take Automation in Healthcare Up a Level
The late 19th century saw a number of advances in elevator equipment. For example, the first electric elevator was built in 1880, and manufacturers introduced safety bumpers and automatic stopping technology in subsequent decades. By 1900, many models of elevator had gone “driverless” and could be controlled by someone inside without any specialized knowledge. As … Continue reading “Healthfinch Seeks to Take Automation in Healthcare Up a Level”
Healthfinch Raises $6M to Automate Routine Patient Care Tasks
[Updated 4/11/18 8:57 a.m. See below.] Healthfinch, a startup whose software automates routine tasks performed by physicians and others who care for patients in clinics, has raised $6 million from investors, says co-founder and CEO Jonathan Baran. Madison, WI-based Healthfinch has developed applications for tasks like fulfilling medication requests and planning visits to the doctor’s office. … Continue reading “Healthfinch Raises $6M to Automate Routine Patient Care Tasks”
Doyenne, Epic, Cellectar, & More: This Week’s Wisconsin Watchlist
Keep up with news from Wisconsin’s innovation community with these recent headlines: —Doyenne Group, an organization that supports Wisconsin-based companies led by women and people of color, enrolled seven startups in its new business accelerator, the Wisconsin State Journal reported. The inaugural program reportedly kicked off in January and will run for 12 months. According … Continue reading “Doyenne, Epic, Cellectar, & More: This Week’s Wisconsin Watchlist”
Epic, Microsoft A.I. Tools Show Promise Predicting Health Problems
A Louisiana-based hospital network’s recent study of machine learning tools from Epic Systems provides the latest glimpse of healthcare’s possible future, if advocates of artificial intelligence technologies have their way. Ochsner Health System, which operates 30 hospitals and 80-plus clinics in Louisiana and Mississippi, says it’s among the dozens of healthcare organizations in the U.S. … Continue reading “Epic, Microsoft A.I. Tools Show Promise Predicting Health Problems”
Electric Harley, Ab E, D2P, & More: This Week’s Wisconsin Watchlist
During a ceremony held at dawn on Friday in Sun Prairie, WI, Jimmy the Groundhog saw his shadow, which according to Groundhog Day lore means Wisconsin will not be having an early spring this year. Whether it’s frigid temperatures, flu season, or something else keeping you indoors, take a few minutes to stay current on … Continue reading “Electric Harley, Ab E, D2P, & More: This Week’s Wisconsin Watchlist”
Epic Upgrades Records-Sharing App in Bid to Improve Interoperability
Epic Systems says it’s added new features to Care Everywhere, a software application allowing the company’s 300-plus hospital and health clinic customers to share information about their patients. About 190 million people have a current medical record in Epic, according to the Verona, WI-based business. When members of this patient population go to another hospital … Continue reading “Epic Upgrades Records-Sharing App in Bid to Improve Interoperability”
Amazon’s New Healthcare Venture: Insurance, Drugs, or Something Else?
After months of speculation that Amazon could soon expand its presence in the healthcare sector, the Seattle-based online retail leader said Tuesday that it plans to launch a joint venture with Berkshire Hathaway and JPMorgan Chase to provide the three companies’ U.S. employees “with simplified, high-quality, and transparent healthcare at a reasonable cost.” The companies … Continue reading “Amazon’s New Healthcare Venture: Insurance, Drugs, or Something Else?”
Exact Sciences, Generic Drugs, WEDC & More: This Week’s WI Watchlist
Catch up on news from Wisconsin’s innovation community with these recent headlines: —Citron Research published its second report in the past 12 months arguing that prospective investors should think twice before buying stock in Madison-based Exact Sciences (NASDAQ: [[ticker:EXAS]]). The company’s flagship product is a non-invasive, stool-based DNA test for colorectal cancer called Cologuard. In … Continue reading “Exact Sciences, Generic Drugs, WEDC & More: This Week’s WI Watchlist”
With Medical Records Tools, Apple Wades Deeper Into Digital Health
[Updated 1/24/18 4:09 p.m. See below.] Apple said Wednesday it plans to introduce new features that will allow iPhone users to access parts of their medical records through the company’s Health app. The move could impact the interoperability of health records software and spark more competition in the health IT industry. Cupertino, CA-based Apple (NASDAQ: … Continue reading “With Medical Records Tools, Apple Wades Deeper Into Digital Health”
Nordic to Move Into Management Consulting After Partial Acquisition
Nordic, a healthcare consulting firm that advises on implementations of computerized patient records software and other projects, said Tuesday that it had acquired part of The Claro Group. Madison, WI-based Nordic said its acquisition of Chicago-based Claro’s revenue cycle transformation practice marks the Wisconsin company’s first foray into “the technology-agnostic management consulting world.” Up to … Continue reading “Nordic to Move Into Management Consulting After Partial Acquisition”
EnsoData, Pyxsee, Epic, & More: This Week’s Wisconsin Watchlist
As you get set to head into the final week of 2017, take a few minutes to catch up on news from Wisconsin’s innovation community with these recent headlines: —EnsoData, a Madison-based startup developing software to help clinicians analyze sleep data and diagnose patients with sleep apnea and other disorders, raised nearly $1 million in … Continue reading “EnsoData, Pyxsee, Epic, & More: This Week’s Wisconsin Watchlist”
EmOpti Aims to Help Patients in ER Get Seen by Doctors More Quickly
Ed Barthell doesn’t mince words when describing the poor experiences many patients have when they go to the emergency room. “Emergency medicine is still an industry that essentially delivers lousy service for really high cost,” says Barthell, a doctor who worked in the ER for more than two decades before leaving his clinical practice in … Continue reading “EmOpti Aims to Help Patients in ER Get Seen by Doctors More Quickly”
Former GE CEO Immelt Talks Uber, A.I., and a Rejected Bid for Epic
Artificial intelligence holds promise for healthcare in areas like radiology, but it could be tough sledding for businesses selling narrowly focused products to one customer at a time. The winners in this emerging sector will figure out how to integrate A.I. tools into a broader platform that offers clear value for doctors, hospitals, insurers, and … Continue reading “Former GE CEO Immelt Talks Uber, A.I., and a Rejected Bid for Epic”
ImageMoverMD Installs New Leadership Team Aimed at Boosting Sales
ImageMoverMD, a Madison, WI-based startup whose products include software allowing healthcare providers and patients to securely transmit photos and videos taken with their smartphones, has recently made a series of leadership changes in a bid to ramp up the company’s revenues, executives say. K. Thomas Pickard, whom ImageMoverMD brought on as CEO in 2015, says he left … Continue reading “ImageMoverMD Installs New Leadership Team Aimed at Boosting Sales”
Gener8tor, Shine, Cellectar, & More: This Week’s Wisconsin Watchlist
Stay current on news from Wisconsin’s innovation community with these recent headlines: —Gener8tor announced the six startups chosen to receive investments and mentorship during its latest 12-week accelerator program, which kicked off last month and runs through November. The program is being run out of Gener8tor’s Milwaukee offices, and three of the companies in the … Continue reading “Gener8tor, Shine, Cellectar, & More: This Week’s Wisconsin Watchlist”
Epic Opens App Orchard Marketplace, Helping Hospitals Share Software
Epic Systems has opened its App Orchard, a program allowing hospitals and clinics that use Epic’s patient records software to share apps they’ve built and browse third-party digital health products that have been configured to work with Epic. Sumit Rana, senior vice president of research and development at Verona, WI-based Epic, said App Orchard makes … Continue reading “Epic Opens App Orchard Marketplace, Helping Hospitals Share Software”
Epic Seeks to Join Alexa, Siri as Software You Can Chat With
Epic Systems may soon add its name to the list of companies with virtual assistant software that people can give instructions to and get information from. But those who say, ‘Hey Epic’ to initiate a man-to-machine conversation won’t be your average consumers. Instead, they’ll be doctors, nurses, and others who use the Verona, WI-based company’s … Continue reading “Epic Seeks to Join Alexa, Siri as Software You Can Chat With”
Epic CEO Judy Faulkner: No ‘Magic Wand’ For Improving Healthcare
Epic Systems may have taken inspiration for new buildings on its corporate campus from Harry Potter, but that hasn’t imbued the company with magic powers. Dressed in a wizard’s robes and hat, Judy Faulkner, founder and CEO of one of the largest makers of electronic health records (EHR) software, told a gathering of thousands of … Continue reading “Epic CEO Judy Faulkner: No ‘Magic Wand’ For Improving Healthcare”
Epic’s App Orchard Gains Traction with Hospitals, Third Parties
In February, Epic Systems formally introduced App Orchard, a program aimed at helping other healthcare software companies integrate their digital products with Epic’s tools for managing patient records. Hundreds of health systems around the world already use Verona, WI-based Epic’s software to document patient information. Doctors, nurses, and other healthcare workers can use the software … Continue reading “Epic’s App Orchard Gains Traction with Hospitals, Third Parties”
Q&A: UW Prof on Whether Patient Portals Are Working as Designed
The percentage of U.S. hospitals that rely entirely on paper records to document information on their patients now stands at 1 percent, down from 69 percent in 2003, according to a study published recently in the American Journal of Health-System Pharmacy. For more than two decades, hospitals and clinics have been working to digitize their … Continue reading “Q&A: UW Prof on Whether Patient Portals Are Working as Designed”
Amazon, EWPanel, Shine, RPRD & More: This Week’s Wisconsin Watchlist
Catch up on the latest news from Wisconsin’s innovation community with these recent headlines: —Municipal leaders in Milwaukee will attempt to persuade executives at the online retailing giant Amazon (NASDAQ: [[ticker:AMZN]]) that the city would make an ideal home for its second headquarters, or HQ2, the Milwaukee Journal Sentinel reported. Earlier this month, the Seattle-based … Continue reading “Amazon, EWPanel, Shine, RPRD & More: This Week’s Wisconsin Watchlist”
With New Software, Epic Aims to Help Patients Share Health Records
Epic Systems has long used a slogan to describe its software, which hundreds of hospitals and clinics across the globe use to manage their patients’ health records: “with the patient at the heart.” Verona, WI-based Epic is backing up that credo with a new program that would allow the 190 million people who have a … Continue reading “With New Software, Epic Aims to Help Patients Share Health Records”
Online Portals Challenge WebMD as Patients’ Source for Health Info
Suppose you wake up with a mysterious rash. Or you’ve got back pain, or have come down with a cough unlike any you’ve experienced previously. What’s your first move? Maybe you run a Google search. Maybe you text a doctor or nurse you know. Or maybe you attempt to get through your normal morning routine, … Continue reading “Online Portals Challenge WebMD as Patients’ Source for Health Info”