December 14-15, 2017

MedTech Impact 2017

Venetian/Palazzo Resort

Las Vegas, NV

(561) 893-8633

info@medtechimpact.com

Category: News Postings

Osso VR wins US DOE EdSim Challenge

The U.S. Department of Education announced Osso VR as the winner in the EdSim Challenge, which called for virtual reality, video game developer, and educational technology communities to submit concepts for immersive simulations that will prepare students for a globally competitive workforce and spur an ecosystem of virtual and augmented reality technology in education.

Five finalists were selected out of 249 submissions. Each finalist received $50,000 in cash as well as in-kind prizes from Oculus and Samsung, and refined their submissions during the Virtual Accelerator phase. Finalists presented playable prototypes to the judges at Demo Day on September 18, 2017, where a live audience joined the Challenge judges at the Department Of Education to see the five finalists compete for the $430,000 grand prize.  The winner was recommended by a panel of judges with expertise in education, gaming, workforce development, emerging technology, and venture capital.

Osso VR is a hands-on surgical training platform that enables users to practice cutting-edge techniques through realistic, hands-on simulations, bridging the gap between career exploration and career preparation. They won $430,000 in cash and additional in-kind prizes from IBM and Microsoft.

Learn more about each of the five finalists’ simulations here.

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Learn more about Osso VR at the 2017 MedTech Impact Expo & Conference in Las Vegas, December 14-15, where Justin Barad, Founder & CEO of Osso VR and editor of medgadget.com will moderate a panel session, New Realities in Medicine – Exploring the Virtual and Augmented Horizon. Other speakers in the session include Arshya Vahabzadeh, M.D., Chief Medical Officer at Brainpower, Matthew Stoudt, CEO of AppliedVR, Carrie Shaw, CEO of Embodied Labs, and Osamah Choudhry, CEO at MediVis. LEARN MORE.

Wearables Potential Impact on the Top 10 Causes of Death

In 2012, the Center for Disease Control (CDC) indicated about half of all adults (117 million people at the time) had one or more chronic health conditions. By 2014, seven of the top 10 causes of death were chronic diseases, with heart disease and cancer accounting for nearly 46% of all deaths each year. The costliest (86% of the nation’s $2.7 trillion annual health care expenditures) chronic health problems like heart disease, stroke, cancer, type 2 diabetes, obesity, and arthritis, are among the most prevalent, and continue to be on the rise. Considering lack of exercise or physical activity, poor nutrition, tobacco use, and excessive alcohol consumption is linked to most of these diseases – they also are the most preventable and reversible. However, compliance in lifestyle change, monitoring and medication management of chronic disease has proven to be a great challenge for clinicians and patients alike. Thanks to innovations and advancements in technology, this is becoming more accessible and convenient for both patient and clinician.

One innovator now offers a solution that supports patient follow up, development of treatments and the ongoing need for study into these conditions, the Byteflies Exploration Kit and data platform. Byteflies, a Belgian-American wearable health start-up, has introduced high precision wearable sensors and a data platform that remotely tracks patient vital signs, from blood flow (PPG) to electro-dermal activity (EDA), electrocardiogram (ECG), motion, respiration, and electromyogram (EMG). The platform is based on insights gained through practical use cases and decades of experience in healthcare and technology applications, and uses extend beyond heart rate measurement.

“When it comes to monitoring health, wearables have incredible potential. However, a wristband that counts steps and measures heart rate just won’t cut it when you’re developing solutions for Parkinson’s disease, pulmonary and cardiovascular conditions, hypertension, or epilepsy,” explains Hans Danneels, CEO and co-founder of Byteflies. “You need to be able to measure raw, accurate data – the kind of data collected in hospitals.”  Their technology is currently used by universities and pharmaceutical companies for detection of epileptic seizures, blood pressure trends, balance, and fatigue.

Advancements and innovations in wearable devices like Byteflies wearable monitors and data platform, smart clothing and footwear to monitor activity and vitals, apps for patient reporting and communication, smart contact lenses monitoring glucose levels, and ingestibles to monitor medicine levels and conditions such as glucose level in diabetics, will help the industry take a much-needed turn to better management, monitoring and prevention. Convenience and ease-of-use for patients has shown promise with increased compliance, allowing physicians to take a more proactive approach in monitoring and treatment.  While wearables won’t solve the chronic disease concerns, and not all patients will understand or be willing to comply, it signals the beginning of a shift and not just a trend.  Availability is increasing, costs are declining and medtech for both physicians and patients is more widely accessible – all a progress in helping clinicians offer more effective care for their patients.

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Education and information in medical technology for clinicians, healthcare execs and ACO’s is critical in the ever-changing field of medicine.  Get valuable insight, learn from industry leaders and connect with fellow medical professionals on technology and better patient care, all while exploring the latest innovations in medtech at the 2017 MedTech Impact Expo & Conference in Las Vegas, December 14-15, 2017.  Learn more.

FDA Encourages Development of Medical Technology

The Food and Drug Administration has recently announced a program that actively encourages the development of medical digital technology, including wireless wearables and applications that can monitor blood pressure and heart rate, track intake of calories, and measure physical activity.

The program is designed to give pre-clearance to developers working on digital health products, as the approval process for apps sometimes includes burdensome regulations, which can increase costs and limit innovation: the FDA hopes to reduce development costs and give entrepreneurs increased opportunities to develop products.

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Investing in Digital Health

Several of the world’s largest and most successful companies are investing in digital health, including Amazon, Google, and Microsoft. Amazon is heavily investing in health, across a number of different areas, and Google is likewise “ramping up its health cloud business.” Apple and Nokia recently announced a partnership on digital health, designed to advance medical support.

Amazon has also recently landed a health-tech hire from the company Box, a cloud content management and file sharing service for businesses. Missy Krasner, who previously helped build the cloud storage company’s health product, will transition to Amazon. Krasner was also a founding member of Google Health, the company’s online medical records and wellness platform.

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Announcement of NHS Funding

An announcement from the government has recently stated that the National Health Service–the publicly funded national healthcare system for England, and the largest, oldest single-payer healthcare system in the world–will receive £86 million worth of funding over the next three years.

This effort is designed to spur innovation, and help firms further develop medical advancements and technology. The release states that businesses will have the opportunity to ‘bid for funding’ in order to aid developments, which could potentially run the gamut from digital technologies to new inventive medications.

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Announcing New Partnership with the Society of Physician Entrepreneurs

MedTech Impact is excited to announce a new partnership with the Society of Physician Entrepreneurs, a nonprofit that functions as a community-based platform for biomedical and healthcare entrepreneurs to connect and collaborate. The partnership brings SoPE and its president Alren Meyers, MD, MBA into an advisory board position, designed to assist with development of the 2017 conference program focused on innovation in medical technology. SoPE will also host a breakout session during the two-day conference that highlights innovative ways in which to advance and further develop the ever-changing field of healthcare.  For more information about the 2017 conference agenda, visit www.medtechimpact.com