Along with the announcement of Apple's third-generation iPad on March 7, the tablet is getting a wireless upgrade with Bluetooth 4.0 Smart Ready connectivity. The Bluetooth Special Interest Group (SIG) announced the availability of Smart Ready technology for the new version of the Apple tablet, bringing new possibilities for remote-monitoring medical applications.
But after the Great Recession hit and the 2010 health law passed, the financiers behind the medical arms race started to rethink their investment calculus.
"If you come in with [a device] that's 10 percent better and twice as expensive, it's hard to get anyone to care," said Bryan Roberts, a Palo Alto, Calif.-based venture capitalist at Venrock, a Silicon Valley company that invests in firms working on health services, medical devices and drugs.
Hospitals and other health care organizations long known for weak purchasing practices are starting to adopt world-class procurement strategies, creating a new more cost competitive landscape for medical devices.
One company, WellApps Inc, has developed a product that creates that direct line to the doctor--but for people with legitimate chronic illnesses...not imagined ones. And its innovative apps have caught the eye of Medivo, a company that streamlines the lab testing process. Medivo announced Wednesday that it has agreed to acquire WellApps.
AirStrip Technologies Inc., based in San Antonio, Texas, is opening a 10-person office at the Mallory Station Business Center [in Cool Springs, TN] to meet growing demand among local health-care clients for its software, which lets doctors see patient information — everything from vitals on bedside devices to electronic health records — on physicians’ smartphones and tablets.