News and funding roundup: BioIntelliSense ‘stickers’ $45M, Exo ultrasound scans $220M, Enovation gets Scotland OK, WellSky snaps up Healthify, Cerner’s good quarter despite VA

Sticker shock? BioIntelliSense, which has been flying under the radar for over a year [TTA 17 July 2020] since inking a deal with Philips to integrate their BioSticker sensors into their post-acute remote patient monitoring (RPM) systems, scored a $45 million Series B funding for a total of $82 million since 2018. Lead investor is Chimera (UAE) with participation from 7wire Technology Partners, Mary Tolan of Chicago Pacific Founders, James Murren, formerly of MGM Resorts International, as well as Pendrell Corporation, Royal Philips, and Fresenius Medical Care North America.

BioIntelliSense has two wearables: the BioSense on-body sensor for 30 days of continuous vital sign monitoring, and the new BioButton for up to 60 days of RPM. The BioButton is touted for Covid-19 monitoring. “Temperature checks have proven to be unreliable and even amplified testing (PCR) has proven to be ineffective in identifying the virus in the early days of infection.” The button will be connected to the BioMobile screening survey app which will feed the user the latest CDC health screener and then scan for ‘subtle physiological changes’ in temperature, respiratory rate and heart rate at rest. The app generates a non-PHI report indicating ‘cleared’ or ‘not-cleared’. The BioSticker is 510(k) FDA-cleared; the BioButton is not, but is being marketed as an enterprise solution for employee health clearance. Mobihealthnews

Hand-held ultrasound gets ultra-funding. The Exo hand-held ultrasound snagged a hefty $220 million in Series C funding for a total of over $320 million since last year. Their point-of-care tool includes nano-materials, sensor technology, and advanced signal processing and computation in a platform called Exo Works. Exo is in a crowded field pioneered by GE Healthcare’s Vscan [TTA 27 March] back in 2010, but including Butterfly IQ, Mobisante, and Philips LumifyMobihealthnews

Enovation also approved by Scotland. With our news from Alcuris last week that they were selected by Scottish Digital Telecare as a security-assessed supplier, Enovation (formerly Verklizan), notified your Editors that they also were selected. Our quote from their management is from Andy Grayland, Chief Information Security Officer, Digital Office for Scottish Local Authorities. “The Scottish digital telecare security-assessed suppliers scheme reviewed a submission from Enovation for an Alarm Receiving Centre application. The assessment panel was very impressed with pre-existing security security culture and standards within Enovation. Both this assessment scheme, and Enovation’s positive response to it, will help ensure that vulnerable telecare users across Scotland are protected against the threat posed by cyber criminals when using these services.” 

WellSky to acquire SDOH provider Healthify. WellSky is a provider of software, analytics, and services for community care. Healthify builds and manages accountable networks for SDOH services, working with health plans, providers, and community partners in all fifty states. Previously, Healthify had raised $25.5 million in five rounds from 2013 (Crunchbase). Healthify is the fifth company WellSky has acquired since 2018, the last CarePort Health for $1.4 billion in 2020 (Crunchbase). Terms were not disclosed. Closing anticipated in Q3. The release does not indicate management transitions or HQ location.  

Despite their VA troubles and layoffs, Cerner had a very good quarter indeed: revenue up 10%, adjusted EPS $0.80 versus $0.63, exceeding analyst expectations for both. They laid off 500 employees in the quarter and eliminated 300 open positions, which will deliver $70 million in annualized savings. plus half their owned space is now unneeded so up for sale. Their Department of Defense EHR rollout is going well with 42 commands and 663 locations with 41,000 activated users. The Coast Guard’s deployment will be completed this year. As to VA, “results of the VA’s strategic review focused on governance, training, and readiness rather than Cerner-caused problems.” More in the lead article in HISTalk 8/2/21. Cerner’s announcement, transcript of earnings call on Seeking Alpha

Comings and goings, short takes, and in other news…: Vivify’s new SVP Sales, Parks’ Connected Health Summit, $35M for 3D portable ultrasound, Oxford Medical Sim new pilot

In comings and goings….remote patient monitoring company Vivify Health announced that Chris Fickle has joined them as Senior Vice President, Sales. Mr. Fickle was previously with Qualcomm as senior director, business development including international and in the home health market as general manager of Healthfield and American HomePatient. Vivify currently has customers such as UPMC, Trinity Health, and the Ontario (Canada) Telemedicine Network and provides remote care management through personalized care plans, biometric data monitoring, and multi-channel patient education. Certainly in the umpteenth iteration of their website and June’s MedTech Breakthrough Award, they have apparently bounced back from their bounce-out from their VA award in early 2018 [TTA 14 June 18 and 16 Jan 18].

A reminder that Parks Associates’ Connected Health Summit in San Diego is now open for registration. TTA has been in the past a formal media supporter of the CHS and while not this year, it’s a great way to spend a few days in late August. The location, content around the demand for both clinical and consumer health and wellness solutions aimed at improving the quality of life for people living and seeking support at home, and the speaker list has always been outstanding. Follow their Twitter feed at @CONN_Health_Smt | Hashtag: #CONNHealth19. And register here.

This Editor has been following handheld ultrasound since GE Healthcare debuted the VScan in what seems an eternity ago (only 2010!) –and yes, it’s still around–Mobisante demonstrated at TED by no less than Eric Dishman in 2013–and last year the locally-based Butterfly IQ hit the market at about half the price and raised $250 million. Now Redwood City, California startup Exo Imaging has gained a $35 million Series B round to develop its portable ultrasound that through AI assistance generates a 3D image. Release. Mobihealthnews

The UK’s Oxford Medical Simulation has picked up another pilot of their Oculus Rift VR headsets to simulate in-practice interactive patient treatment at the OxSTaR (Oxford Simulation, Teaching and Research) center, part of  John Radcliffe Hospital, Oxfordshire. We covered OMS in April with their pilot with Health Education England Wessex at the Portsmouth and Southampton Hospitals. Mobihealthnews

 

Catching up with: Mobisante, Parkinson’s Voice Initiative

(Editor’s note: This Editor is always gratified to see that some of the tech developments your Editors covered in early days pop up again having moved successfully forward. This article and the next on minimally disruptive healthcare follow up on articles respectively in April, December and June 2013.)

[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2015/01/Mobisante-185×185.jpg” thumb_width=”150″ /] Mobile ultrasound developer Mobisante is alive, well and well beyond their kit days we profiled back in 2011 (when they gained FDA approval) and last in April 2013. The smartphone is now a dedicated integrated mobile device called the MobiUS SP1 with applications in primary care, ob/gyn, emergency and vascular medicine, with the entire system under 12 ounces. It also has a big brother in a tablet-based system. Both are highly portable and take quick imaging to the max (and developing countries). Interview with Sailesh Chutani, CEO and co-founder. Hat tip to reader Sandeep Pulim MD of @Point Of Care via Twitter

The Parkinson’s Voice Initiative headed by the UK’s Max Little, currently a visiting professor at MIT, is moving forward having collected voice samples from 17,000 volunteers. He is seeking to develop a non-invasive, quick, accurate test for Parkinson’s through analyzing the patient’s voice patterns. Mr Little is adding to this the Michael J. Fox Foundation challenge in analyzing movement data captured through smartphones. Originally profiled in November and December 2013. Fast Company: Co.Exist (which also has his 2012 TED talk). Hat tip to Ashley Gold in today’s Morning eHealth (POLITICO)’s ‘What We’re Clicking’.