...Group buys France’s eDevice for $106 million. The aim seems to be integration of eDevice’s backend infrastructure to iHealth’s RPM devices. Mobihealthnews….A analysis of what went wrong at HealthSpot is in the new publication Telehealth & Medicine Today. A summary is that they had a business model that started out on point quite a while ago (2010) but then competitors and fresh technology ate their lunch (Editor’s term). They didn’t pivot to fit, moved too slowly and were overly wedded to their business model. A big problem was scaling costly kiosks and not finding the right places for them. While... Continue Reading
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Catch-up: what you may have missed whilst on holiday
...DHACA is holding its next event, close to Leeds station, when we will have presentations from among many, Bethany Gildersleve from NHS Digital who is now finalising the NHS’s app assessment process (ex NIB 1.2), ORCHA on private app assessment, digital nutrition, and lots more. More details and book here (and you can also book for 18th January too, in London, if you want, here). On 28th September, to 1st October, the KTN is running an event entitled Age does not matter in London. Register here (free). Bigger & better than ever before, the International Technology Enabled Care Conference is... Continue Reading
Unhappy endings? HealthSpot’s remains to Rite Aid, Theranos’ story to Hollywood
HealthSpot Station’s assets to Rite Aid, minus the ‘froth’. On Monday, drug store chain Rite Aid won the US Bankruptcy Court in Columbus, Ohio’s mandated auction for the inventory, most assets and IP for its entry bid of $1.15 million. According to Columbus Business First (subscription only), a touted second bid by a central Ohio investor group was $1 million–and stayed right there with no second bid. This group had invested $650,000 before HealthSpot entered Chapter 7. A dark horse third bidder, which came in at the last minute, never put money on the line. The Ohio business group leader,... Continue Reading
Is the clock at the funding pub pointing to ‘last call’? (Updated)
...to score $40 million in its first venture round. (Ed. note: I shop at Rite Aid–and have never seen one.)This is after the failure of HealthSpot Station, which burned through approximately $43 million through its entire short but showy life. The low-cost, largely exchange plan insurer Oscar Health raised $400 million this February ($727 million total) while UnitedHealth and others are dropping money-losing plans in most states. Over 50 percent of exchange co-ops went out of business in 2015, leaving doctors, health systems and patients holding their baggage. Again, low margins, high cost and high customer acquisition costs. We’ve previously... Continue Reading
HealthSpot winds out to Ch. 7 liquidation, assets for sale
...for the hardware, or the intellectual property of HealthSpot, is a very open question indeed. Some digging by this Editor has revealed a possible precipitating event to the company’s shutdown, and an obvious, non-recoupable drain on the time and funds of a teetering company. A District Court order issued 4 December on the patent infringement legal action by Nevada-based Computerized Screening [TTA 8 Jan] is now available online. It appears to have been conceded by Computerized Screening as “non-infringement on the basis of the absence of the limitation of “controller”” which is technically a win for HealthSpot. But HealthSpot then... Continue Reading
HealthSpot files for Chapter 7 liquidation (updated)
The shock continues with HealthSpot. On Wednesday the company filed for Chapter 7 liquidation in US Bankruptcy Court for the Southern District of Ohio in Columbus. The laundry list: assets of $5.2 million, about $3.5 million in inventory, and $23.3 million in liabilities, including convertible notes of $10 million from cable/broadband company Cox Communications, $6 million from investor Xerox and an undisclosed amount from the Ohio Development Services Agency. HealthSpot had raised close to $44 million since 2011. Their bankruptcy attorney David Whittaker cited cash flow; with only $1.1 million in revenue over the past three years, according to the... Continue Reading
Outsourcing of retail clinics–another reason for HealthSpot’s demise? (US)
...of direction and a need for cost cutting that wasn’t there a year ago. Walgreens is finalizing its merger with Alliance Boots and is acquiring Rite Aid’s 4,600 locations (less overlap) if regulatory approval is gained. The largest contract HealthSpot had was with 25 Rite Aid locations in Ohio. If their acquirer is outsourcing in-store clinics to health systems, a commitment to kiosks–especially ones which have to be staffed–makes little sense. And will CVS be far behind in outsourcing their clinics if the numbers work? Related articles on Walgreens’ clinic move: Healthcare Dive, mHealth Intelligence Earlier on HealthSpot Station’s closing... Continue Reading
HealthSpot closes the doors, shuts kiosks in Rite Aid, Cleveland Clinic (updated)
As we reported last July, HealthSpot, the Dublin, Ohio, based telemedicine health kiosk business which was [grow_thumb image=”https://telecareaware.com/wp-content/uploads/2016/01/HealthSpot-logo-1.png” thumb_width=”150″ /]carrying out a retail trial with Rite Aid since November 2014, started commercial operations in 25 locations in three Ohio areas. In October reports emerged of a patent infringement claim that has been ongoing since April 2014 against HealthSpot by Nevada-based Computerized Screening. (More on this ongoing series of lawsuits in Ohio and Nevada is here.) According to reports in Columbus Business First, HealthSpot has now informed Rite Aid that it would cease operations as of 31 December last year and... Continue Reading
Qualcomm Life, Cox Communications buy into integration–differently (US/FR) updated
...in healthcare with last week’s acquisition of Trapollo, a program design/supply chain/logistics provider that currently works with multiple telehealth, telecare and monitoring device companies. Cox is clearly seeking another type of integration of their data carriage capabilities with systems and programs; they have also invested in HealthSpot Station’s virtual visit/telehealth kiosk and formed a strategic alliance with Cleveland Clinic. Release. Neil Versel’s columns also note IBM Watson‘s growth and development of its own Care Manager with Apple HealthKit/ResearchKit [TTA 10 Sep] and Salesforce’s entry into patient management with Health Cloud, with another big announcement rumored to be on the way.... Continue Reading
HealthSpot, Rite Aid open 25 locations in Ohio
[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2015/07/Healthspot-station.jpg” thumb_width=”150″ /]Telehealth/telemedicine kiosk HealthSpot and retail drug chain giant Rite Aid, which announced their partnership last November [TTA 11 Nov], have now set up shop in 25 locations in three Ohio areas–Akron/Canton, Cleveland and Dayton/Springfield. Since late May, the staffed stations have treated over 5,000 customers ages 3 and above for minor and common health conditions, including cold and flu, rashes and skin conditions, eye conditions, earaches and seasonal allergies. The kiosks combine video consults with hands-on assistance in vital signs measurement from a wellness attendant, and their recording software interfaces with insurance eligibility, electronic medical records and... Continue Reading
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