Read the latest articles, press releases, blogs and other media involving Psilos and our Portfolio Companies

Breakthrough Mayo Clinic Study Highlights MBI Secondary Screening Technology as a Cost-Effective Way to Increase Accurate Breast Cancer Diagnoses

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A recent study conducted by Mayo Clinic has determined that the addition of Molecular Breast Imaging (MBI) for women with dense breast tissue resulted in a lower cost per cancer detected than screening with mammography alone. The study, published in the American Journal of Roentgenology (AJR), entitled,Diagnostic Workup and Costs of a Single Supplemental Molecular Breast Imaging Screen of Mammographically Dense Breasts,” found MBI technologies led to more accurate diagnosis rates, and in combination with mammography, resulted in a cost savings of approximately 15 percent. Read More

Gamma Medica Bolsters Executive Team to Support the Fight Against Breast Cancer with Focus on Growth and Commercialization of Molecular Breast Imaging

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Salem, N.H., June 8, 2015Gamma Medica, a leader in molecular breast imaging (MBI) technology, announced today that Philip M. Croxford has been appointed as Chief Executive Officer. The Company also named Scott Headland as its new Vice President of Sales. These executive changes align with Gamma Medica’s focus on commercializing its unique breast imaging technology for improved cancer detection in the 40 percent of women with dense breast tissue. Gamma Medica’s former CEO, Jim Calandra, has left the company to pursue other business opportunities. Read More

Medica Selects HealthEdge To Bring Innovative Products And Services To Members

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HealthEdge®, provider of the only integrated financial, administrative and clinical platform for healthcare payors, today announced that Medica, a health insurance company in Minnesota, has selected the HealthRules product suite as its technology platform to meet their next-generation healthcare business goals. Medica will leverage the HealthRules product suite to provide its Individual and Family Business segment a variety of new products and services. The HealthRules product suite will help Medica reduce administrative costs, stay ahead of regulatory changes, and leverage a more agile technology platform to meet the changing needs of consumers in the healthcare market. Read More

Digital Healthcare Players Set to Profit From Epic’s Open Platform

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Story appears in TheStreet.com
Epic Systems decision to create an open source third-party platform for diversified healthcare applications is the biggest development in the healthcare industry in years, said Steve Krupa, senior managing member at healthcare venture capital firm Psilos Group. Krupa added that the new Epic platform will enable independent developers around the world to write a huge array of healthcare applications which will be linked to the Epic database, which until now has been mostly a closed system. Finally, Krupa said Epic’s publicly traded competitors like Allscripts, Cerner and Athena Health, will likely follow Epic’s lead and develop similar open source software because the opportunity is too big to ignore.

Venture Capitalist on Epic’s Opening Up

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Story appears in TechCrunch.com
In 2015, the consumer will really be in the driver’s seat, and this is especially true in the healthcare world. The Affordable Care Act (ACA), better known as Obamacare, is here to stay. Now health insurers today have little choice but to dramatically revise their 50-year old business models that focused on employer-sponsored group products and focus on the consumers who have so much power going forward. Read More

In Search of a Better Approach to Breast Cancer Screening

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Story appears in XConomy.com
As a venture investor in the healthcare sector, I see a lot of new medical technologies that promise improvement over the current standard of care. Opportunities that represent truly transformational change in medicine are rare, and those that address a major clinical challenge affecting tens of millions of lives are rarer still. Read More

In 2015, Consumer Will Be King in Healthcare

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Story appears in TechCrunch.com
In 2015, the consumer will really be in the driver’s seat, and this is especially true in the healthcare world. The Affordable Care Act (ACA), better known as Obamacare, is here to stay. Now health insurers today have little choice but to dramatically revise their 50-year old business models that focused on employer-sponsored group products and focus on the consumers who have so much power going forward. Read More

VC in 2015: Steve Krupa of Psilos Group on Laments About a Bubble

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Story appears in WSJ.com
Venture capital exploded in 2014, with bigger deals and more eye-popping valuations than anytime since the dot-com boom. So what happens next, and which opportunities will define 2015?

We asked several venture capital investors to reflect on the past year and give us their outlook for the next 12 months. Next in our series is Steve Krupa, managing member of Psilos Group Managers. Mr. Krupa talks about health-care IT, resistance to new health-care IT infrastructure and laments about a bubble. Read More