Health companies within the digital technology sector experienced significant funding support during Q2 of 2017.
According to an article on Fierce Healthcare, data from StartUp Health has indicated that investors sunk a total of $3.8 billion into digital projects within the healthcare and medical industries during Q2. This level of investor funding has not been seen since 2011 and represents an 81% increase in comparison to the same period one year ago.
Grace Century President and Director of Research Scott Wold said “the healthcare industry is finally starting to catch-up with other industries in terms of the embracement of digital technology, and the large increase in investor dollars being pumped into healthcare projects in 2017 is a clear indication of this trend.”
Read the full Fierce Healthcare article here.
MediXall Group, Inc., the medical network arm of Grace Century Electronic Medical Records (EMR) portfolio partner Quantum, has announced that its program to recruit and enlist licensed and certified healthcare providers to its Member Network has attracted almost 1,500 registrants.
The MediXaid platform provides a B2C capability that brings together into a single, cloud-based, patent-pending virtual marketplace the consumers of healthcare products and services with providers that compete on price, location and schedule for requested products and services.
MediXall Group Chairman, Noel J. Guillama , stated, “When I envisioned the MediXaid platform I believed that healthcare would soon be moving toward the need to providing greater access, transparency and competition for the consumer and to ensuring a broader reach into a greater segment of the community for healthcare providers. Clearly, this vision has proven accurate and now even the federal government is calling for exactly what we are providing through the MediXaid platform and MediXall Group, Inc. The positive response we are seeing from the Providers we are contacting is exciting and serves to underscore that both the consumer and provider are seeing the need for a platform like MediXaid.”
Scott Wolf, President and Director of Research for Grace Century, commented “The speed of uptake from healthcare providers to the MediXall member program is very impressive. The numbers achieved to date are already 6 months ahead of MediXall member targets, and this is an excellent indicator of the future growth potential of the MediXaid platform.”
Read the full press release here
It has recently been reported on Yahoo! News that MediXall Group, Inc., who are the medical network arm of Grace Century Electronic Medical Records (EMR) portfolio partner Quantum, have announced the launch of Phase 2 in the recruitment of Healthcare Providers. This has been done with the Provider Development Website, which has been designed to speed-up the enlisting of selected physician practices, diagnostic centers and medical services companies to the MediXaid Platform.
MediXall Group Chief Operating Officer, Carl Larsen, stated, “We are excited by the overwhelmingly positive response we are receiving from healthcare practices to join the MediXaid® Provider Network. We believe we have developed a strong marketing and sales program that will both facilitate the rapid development of a strong healthcare provider network in the South Florida are, plus will further serve as a foundation for expanding our reach throughout the State and nationwide.”
Grace Century President and Director of Research Scott Wolf said “Fresh Out of the box, Grace Century and Quantum’s Portfolio firm is moving forward fast. We are so excited for this firm, with Beta testing expected over the summer.”
Read the full article on Yahoo! News by clicking here.
A recent article on ZD Net takes a look at cloud computing / technology and how it the business models to generate revenue from related products have evolved over the years.
Our electronic medical records partner The Quantum Group Inc, have developed an innovative cloud- based system known PWeR, which a shortened version of Personal Wellness Record. Quantum currently employs a subscription model, which interestingly is how most the companies who use cloud technology in other industries – Amazon being a prime example – are structuring their business models.
Scott Wolf, President and Director of Research for Grace Century, commented “this is an interesting article on the subject of cloud technology, and from our perspective is it notable that Quantum have taken a commercial path which is similar to that of cutting-edge industry giants in other technology-based market sectors. The difference between the healthcare sector and other market sectors is that the use of cloud computing and related technology is very much behind in the healthcare sector, and Quantum are one of the very few companies in this sector who have embraced such technology at a best-practice level.”
Read the full article on ZD Net by clicking here.
Provia Labs, Grace Century’s dental stem cell storage system portfolio project, has been features in an article on CNN on how dental cells could represent the next stage in the development of the emerging science of stem cell treatment.
The article, which is a lengthy and comprehensive feature, includes contributions from Dr. Joseph C. Laning, chief technology officer of Provia Laboratories LLC. The piece tries to balance the increasingly rigorous scientific case for the increased potential of stem cells as a method of treating complex disorders like multiple sclerosis (MS) and traumatic brain injury, with some more cautious views from the scientific community.
Scott Wolf, President and Director of Research for Grace Century, commented “The fact that our portfolio project, Provia labs, has made it to CNN, simply serves to highlight the traction that stem cells and their significant future potential for the treatment of many conditions has gained in the medical world. Whilst the article includes the views of some of the more skeptical members of the community, it should be noted that The President of the American Academy of Pediatric Dentistry, Dr. Jade Miller endorses the storage of baby teeth / Wisdom teeth and has done so himself for his family. In addition, the opinion of professional medical bodies is no guarantee of anything as Dr. N (Advisor for Provia) discovered for himself with regard to the National Bone Registry as we reported on our blog article of last May.”
Read the full CNN article by clicking here.
A recent report from Goldman Sachs, featured in an article on News Max Finance strongly indicates that regenerative medicine is continuing to be a an attractive option for investment.
The GS report is entitled “The Coming Age of Regenerative Medicine”, and to quote from it “venture capital in companies pursuing regenerative medicine increased from $296 million in 2011 to $807 million in 2016, growing roughly 34% year-over-year.”
The report also states that 80 regenerative-medicine companies have gained investment with the last 3 years, representING approximately 50% of the top VC deals in 2015 and 2016.
Grace Century President and Director of Research Scott Wolf said “This continues to show that our research was right 6 years ago. Regenerative medicine is the new Gold Rush.”
Read the full article on News Max Finance here
Annual Investment Meeting (AIM) Startup 2017 kicked off in Dubai, under the patronage of his Highness Sheikh Mohammed Bin Rashid al Maktoum, Vice President and Prime Minister of the U.A.E. and Ruler of Dubai. In cooperation with the Ministry of the Economy, and over 3 days, attendees were able to network and listen to presentations with multiple speakers from different niches within finance.
The event is a platform where disruptive Start-ups gather to present their innovative products and services on a truly global stage.
The discussions gave a unique insight to the present and future climate that ‘Early” stage firms might be confronted with. These included many discussions from Building Global companies all the way to the “Do’s and Don’ts” with the interaction of Government agencies. The event was highlighted by providing a platform for 84 young companies, from many countries, to have an opportunity to be in front of interested funding partners.
Grace Century Members Jennifer Doyle, Vice President of Administration and CEO, Scott Wolf attended. Wolf comments “I was thoroughly impressed with the innovations brought to the competition, especially the high concentration of companies from the Emirates. It is a testament to how the country has provided a nurturing infrastructure and why it is home to some many “incubators””.
Presenting to the groups were Start-ups and early stage firms coming from Food & Beverage, Agriculture, Renewable Energy, Healthcare, and Education.
Scott Wolf concludes “Expos like this are not only invaluable to see possible “project flow” for our firm, but to keep on finger on the rapidly changing landscape in this stage of firms and the changing technologies. The fact that it was in our “backyard” of Dubai was an added benefit”.
It has been announced that Grace Century President and Director of Research Scott Wolf has has appointed to the Business Advisory Board of Provia Laboratories LLC, Grace Century’s dental stem cell storage project partner.
Scott has tirelessly worked to help Provia with many important business functions since becoming involved with them in 2014, including contributing to Provia’s overall strategy, new business & market development, and raising of capital. Though the Grace Century members’ network, almost $10 million of funding has been secured for Provia.
Read Provia’s full press release on Scott’s apportionment here.
A recent article in Business Insider looks at what Americans are currently paying for their healthcare – and the conclusion is that the average American is paying than ever before.
According to the article, more than 50% of American workers pay up to $1,000 up front for their healthcare plans – and this cost runs into several thousand dollars when it comes to specialist services such as getting an X-ray or MRI.
In addition, these costs can escalate significantly if the procedure takes place in a hospital compared to an imaging centre – the research upon which the report is based, which surveyed over 14,000 locations, states that hospital MRI rates were significantly dearer than a stand-alone imaging center.
Scott Wolf, President and Director of Research for Grace Century said “Costs depending on where you go is the whole logic behind our portfolio projects idea for Medxiall. The Business Insider article explains this clearly”
Read the full article here.
Transporting stem cell cultivation to the earth’s orbit could play a key role in the faster rate of growth of stem cells for clinical use, according to a recent article in the International Business Times
Preliminary research has shown that the microgravity environment of the International Space Station actively increases the growth rate of stem cell, and researchers have now confirmed that human stem cell are being cultivated on the ISS for trials back on earth.
The trial are specifically researching mesenchymal stem cells (found in the bone marrow), hematopoietic stem cells (which can grow into all other blood cells) and leukemia cancer stem cells (responsible for leukemia, or cancer of blood-forming tissues).
Abba Zubair, a researcher at the Mayo Clinic in Jacksonville, Florida who is directly involved in the research said “What is unique about this investigation is that we are not only looking at the biology of the cells and how they grow, but focusing on application, how we can use them to treat patients”.
In a statement, NASA said that the long term goals of the research were to develop a safe and reliable clinical grade stem cell bioreactor in space for commercial use and to understand the biology of stem cells and the progression of cancer stem cells.
Scott Wolf, Director of Research for Grace century commented ”It’s only a matter of time before stem cells are regularly cultivated in this manner, given their massive potential for effective clinical treatment of many diseases”
Read the full article here.