Connected pillbox maker MedMinder received $35 million through a credit facility with SWK Holdings Corporation and additional investment from Accelmed Partners.
The company offers a connected medication dispenser with an interactive screen that alerts polypharmacy patients, seniors and caregivers when it's time to take medications or when a dose is missed. It also provides a service where...
Digital health funding in August
So far this year, MobiHealthNews has tracked digital funding that has reached nearly $1.35 billion. August was a healthy month for funding, bringing in $223.86 million across 19 deals, putting it slightly above the monthly average for the year. In the first quarter of 2016, digital health companies raised $770 million, and in the second quarter got almost $500...
MedMinder, a Needham, Massachusetts-based company that makes cellular-connected smart pill cases, has raised an additional $500,000 from an undisclosed investor. A longtime player in the connected pillbox space, MedMinder has only raised about $2.3 million in funding to date, all of it from undisclosed private investors.
The new funding will be used to support the company's recent expansion into...
Harvard Pilgrim is not new to using digital health technology to improve patient care and wellness at home -- the health insurance company worked with health engagement platform Eliza back in 2006 and with smart pillbox maker MedMinder in 2009, before signing its recent deal with Voxiva's Care4Life. But Harvard Pilgrim is careful about the partnerships they engage in, making sure they're both...
Medication adherence is a huge problem, and it's one that seems solvable. People fail to take the pills prescribed to them for many reasons, but one of the biggest is forgetfulness, especially among elderly patients who take a lot of medications and can easily become confused.
Pillboxes have always been the go-to technology to improve adherence, whether it's a simple Monday-through-Friday...
Care4Today by Janssen Healthcare Innovation
For one reason or another, as many as half the patients in the United States don't take the medication that is prescribed to them at a cost to the US healthcare system of $290 billion a year in waste. That's according to NEHI, formerly known as the New England Healthcare Institute, which has been tracking the medication adherence problem for years....
To sleep, perchance to dream: Nearly one-third of Americans get fewer than seven hours of sleep each night, according to a recent CDC survey. Upwards to 70 million Americans might be classified as having chronic sleep or wakefulness disorders, according to the study. While many of these restless sleeper will not turn to the healthcare system for help, there seems to be a growing interest in sleep...
The Center for Technology and Aging announced a $500,000 grant program for medication optimization, which includes adherence and related issues. The center is offering up to six one-year grants to organizations that propose programs that benefit older adults in California. One or two grants will be made available to those groups with programs in other areas, the center said.
"Programs eligible...
New England-based health plan Harvard Pilgrim Health Care announced plans to pilot a medication adherence study that makes use of MedMinder Systems' wireless-enabled pillbox. The randomized controlled study, which is set to begin in early September, aims to determine how effective MedMinder's system is on a population of patients with chronic kidney disease (CKD). CKD affects 26 million...
