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#NowTrending: This Week’s MedTech News

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1. Tal Medical Secures $14 Million in Financing Round

We wrote about Tal Medical, a local company developing new treatments for depression and other psychiatric disorders, a few months ago. But since then, the company has raised additional funding and added new industry veterans to their team. According to a release, the company will use the new funding to drive their clinical research programs, which use low-field magnetic stimulation technology to treat major depressive and bipolar disorders. The funding will also be used to advance product development and scale up the organization.

“Our new and existing investors understand the game-changing potential for Tal Medical to help people living with depression, bipolar disorder and other psychiatric disorders,” Jan Skvarka, the company’s President and CEO, said in the release.

2. HealthXL Initiates Research Collaboration

HealthXL (founded by one of our 40 under 40 members, Tom Parsons), announced this week that they’ll be partnering with Cleveland Clinic and HealthBeacon to revolutionize the management of self injectable medications at home. The HealthBeacon system helps patients manage home injections, but this new partnership will integrate their product into the Cleveland Clinic, helping them to develop clinical insights and preparing for a nation-wide launch of the product.

3. Home Health Technology Use Predictions Skyrocket

According to a new report from Tractica, a market intelligence firm, 78.5 million consumers worldwide are projected to be using home health technologies by 2020. This projection includes remote medical monitoring, diagnoses and treatment, as well as remote consultations, eldercare and health and wellness applications. Currently, approximately 14.3 million consumers worldwide use these sorts of products.

4. Patient Satisfaction Ratings for U.S. Hospitals Disappoint

This week, the Centers for Medicare and Medicaid Services (CMS) rolled out a new rating system for patient satisfaction in hospitals – and only 251 U.S. hospitals scored in the highest bracket. 101 received the lowest ranking of one star; 582 received two stars; 1,414 received three stars; and 1,205 received four stars. Many hospitals have expressed concern about these ratings, questioning the methodology.

Jenni Whalen

Jenni Whalen

    Jenni Whalen is the Executive Assistant of Editorial at Upworthy. She was previously MedTech Boston's Managing Editor and has an MS in Journalism from Boston University, as well as a BA in Psychology from Bucknell University. Whalen has written for Greatist, Boston magazine, AZ Central Healthy Living and the New England Journal of Medicine, among other places. She has also worked as a conference planner, ghost writer, researcher and content developer.

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