Exo unveils cloud-based, point-of-care ultrasound offering

[Image from Exo]Exo announced today that it unveiled its Exo Works point-of-care ultrasound workflow solution.

Redwood City, California-based Exo designed Exo Works to enable physicians to easily document, review, bill and manage quality assurance all from one platform within seconds.

According to a news release, Exo aims for its Exo Works platform to make it easier to manage ultrasound exams for compliance, quality assurance, credentialing and education. Its secure, cloud-based platform can be accessed by phone, tablet or web browser and it integrates with virtually any point-of-care ultrasound device and the most common EMR and hospital PACS systems.

The company designed Exo Works’ mobile-first software to reduce the time and costs associated with accurately and securely documenting patient data while providing additional tools for real-time collaboration, credentialling and tracking key program metrics for departments and individuals.

While …

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DTW Podcast: Truist’s Kaila Krum says Medtronic prepping for growth

In an interview with DeviceTalks Weekly Podcast, Truist Securities managing director Kaila Krum says Medtronic executives are retooling the company to keep pace with smaller, more focused competitors.

Breaking down the company’s Q1 call, Krum says Medtronic is seen as a company that’s too big to grow market share quickly. On the call, new CEO Geoff Martha emphasized gaining market share at one point telling investors the company would “go big or go home.”

Krum says Medtronic will pour resources into several critical areas to drive growth including soft tissue robotics, diabetes, and renal denervation.

“At a time when a lot of companies right now are forced to pull back on spending, Medtronic has been in a position where it can flex its balance sheet,” Krum said. “So they’ve been talking about investing in the pipeline, investing in structural, operational and cultural changes. I think all of that combined should support their growth goals over the …

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Exo raises $40M for handheld medical imaging tech

Exo announced today that it closed a $40 million Series B+ funding round for the development of its handheld medical imaging system.

Redwood City, Calif.-based Exo’s handheld ultrasound device is designed to use patented piezoelectric micromachined ultrasound transducer (pMUT) technology to offer high-quality images, intuitive software and powerful diagnostic capabilities in the pocket of caregivers and clinicians all over.

The company said in a news release that it will use the $40 million collected in the round to bring its data and workflow apps to market while finishing product development on its handheld ultrasound device. Along with a $35 million Series B round in August 2019 and other funding, the company has raised nearly $100 million.

Fiscus and Reimagined Ventures and Action Potential Venture Capital led the investment round, while TDK Ventures and Solasta Ventures participated, joining a list of previous investors that includes Intel Cap…

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