Motif Neurotech Raises $18.75M for Implantable Device for Treatment-Resistant Depression
HIT Consultant » Digital Healthcare
by Fred Pennic
3w ago
What You Should Know: – Motif Neurotech, a pioneer in minimally-invasive bioelectronics for mental health, announced today an impressive $18.75 million Series A funding round. Led by Arboretum Ventures, the investment saw participation from prominent players like KdT Ventures, Satori Neuro, and Dolby Family Ventures, alongside existing supporters Divergent Capital and PsyMed Ventures. – Motif Neurotech’s innovative approach represents a potential paradigm shift in mental health treatment. By leveraging the power of bioelectronics, they aim to offer a safer, more targeted, and potentially more ..read more
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Precision Psychiatry: Circular Genomics Secures $8.3M to Tackle Depression with CircRNA Test
HIT Consultant » Digital Healthcare
by Fred Pennic
3w ago
What You Should Know: – Circular Genomics, a pioneer in unlocking the secrets of circular RNA (circRNA) for precision psychiatry and neurology, has secured $8.3 million in a Series A funding round. Led by Mountain Group Partners, this vital investment brings on board new partner UNM Rainforest Innovations and bolsters support from existing investors like Cottonwood Technology Fund and Tramway Venture Partners. – The new funding will empower Circular Genomics to build and scale commercial operations, improve patient care and boost patient hope. This groundbreaking test promises to transform th ..read more
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Physician Burnout and Depression Rates Decline, Medscape Report Reveals
HIT Consultant » Digital Healthcare
by Fred Pennic
3w ago
What You Should Know:    – For the first time in years, a glimmer of hope has emerged in the fight against physician burnout and depression. – The latest Medscape Physician Burnout & Depression Report reveals a significant decline in the rates among U.S. doctors, suggesting a potential shift in the overall mental well-being of this critical workforce. Burnout Rates Dip, but Challenges Remain The Medscape Physician Burnout & Depression Report 2024, titled “We Have Much Work to Do,” indicates that 49% of physicians now report experiencing burnout, down from 53% in 2023. Simila ..read more
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Deliberate AI Joins FDA Pilot to Develop Mental Health Treatments
HIT Consultant » Digital Healthcare
by Jasmine Pennic
3w ago
What You Should Know: – Deliberate AI, a digital health company harnessing AI to revolutionize mental health assessment, has secured a major milestone in its mission. The U.S. Food and Drug Administration (FDA) has selected Deliberate AI’s AI-generated Clinical Outcome Assessment (AI-COA™) for its Innovative Science and Technology Approaches for New Drugs (ISTAND) Pilot Program. – The collaboration between Deliberate AI and the FDA represents a giant leap in the fight against mental illness. By harnessing the power of AI, we can accelerate drug development, improve treatment efficacy, and ult ..read more
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Isaac Health Secures $5.7M to Combat Dementia Deserts & Revolutionize Brain Care
HIT Consultant » Digital Healthcare
by Fred Pennic
3w ago
What You Should Know: – Isaac Health, a rising leader in digital brain health, has successfully closed an oversubscribed $5.7 million Seed funding round led by Meridian Street Capital and B Capital, bringing together prominent players like Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels. – This crucial funding round empowers Isaac Health to accelerate their mission by expanding their innovative brain health provider platform. advancing technology for improved screening, diagnosis, and management. In addition, the funding will enable the company to build strategic par ..read more
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Health2047-Backed HEAL Security Emerges from Stealth with $4.6M
HIT Consultant » Digital Healthcare
by Fred Pennic
3w ago
What You Should Know: – Health2047, the American Medical Association’s venture studio dedicated to healthcare innovation, announced its investment in and launch from stealth of HEAL Security, a cognitive cybersecurity platform built specifically for the healthcare industry. – Health2047’s investment in HEAL Security underscores the urgent need for robust and specialized cybersecurity solutions within the healthcare industry. Their platform equips health systems with the necessary tools to protect patient data, ensure operational continuity, and ultimately build a more secure future for health ..read more
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Being Health Unveils $5.4M-Backed Modern Mental Health Practice in Lower Manhattan
HIT Consultant » Digital Healthcare
by Syed Hamza Sohail
3w ago
What You Should Know: Being Health, a psychiatrist-founded modern mental health practice, launches today to bring the best of psychiatry, psychotherapy, novel treatments (such as ketamine infusion therapy), functional medicine and wellness services (such as acupuncture and nutrition) all under one roof for a seamless patient experience in New York City. Being Health has raised $5.4 million to date in funding from 18 Park and HDS Capital.  Personalising Access to Mental Health Care In a world that predominantly offers standardized solutions, Being Health stands out as a mental health ca ..read more
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Culmination Bio and Merck Announce R&D Collaboration in Autoimmune Disease Research
HIT Consultant » Digital Healthcare
by Syed Hamza Sohail
3w ago
What You Should Know: Culmination Bio, a data and technology company combining clinical and biospecimen data, announced an R&D collaboration with Merck, known as MSD, outside the United States and Canada, initially in the area of autoimmune disease. Under the terms of the master agreement, Merck will have access to both clinical (Electronic Health Records, labs, medications) and paired biospecimen (tissue and blood) data from several cohorts of various sizes and qualifications. This project-based collaboration leverages Culmination’s unique ability to build both retrospective and pr ..read more
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Unlocking Patient Insights with Conversational AI in Healthcare
HIT Consultant » Digital Healthcare
by Eric Prugh, Chief Product Officer at Authenticx
3w ago
Eric Prugh, Chief Product Officer at Authenticx Healthcare leaders should champion human-AI collaboration by having people work with AI to validate insights and develop engagement strategies. Organizations can — and should — implement conversational AI because it allows leaders to identify actionable areas of change and protects individuals’ privacy and identities.  Yet while these organizations recognize the merit of sharing these conversations enterprise-wide, many worry that doing so will compromise data privacy and compliance. But developments in conversational artificial intelligence ..read more
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Upfront Hires Tech Strategist Ryan Royal as CTO
HIT Consultant » Digital Healthcare
by Executive Digital Health Hires
3w ago
Ryan Royal, CTO at Upfront What You Should Know: Health tech leader Upfront, recognized for its industry-leading patient engagement platform, has announced the appointment of Ryan Royal as its new Chief Technology Officer (CTO). – Joining Upfront’s executive leadership team, Royal will be responsible for overseeing the company’s product roadmap, scaling global engineering teams, and driving new innovation strategies. His expertise is crucial as Upfront invests in next-generation reporting and analytics, as well as advancements in AI, further solidifying its position as a leader in patient enga ..read more
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