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The company's SaaS platform uses artificial intelligence for advanced facial recognition and motion-sensing to confirm medication ingestion.

The telehealth industry is presumed to be on the cusp of a significant growth spurt. By one estimate, telehealth will become a $4.5 billion industry by 2018.

The company's 22otters service allows providers to convert their instructions into interactive mobile apps to reduce no-shows and improve patient satisfaction.

The new funds will be used to accelerate development, delivery and broadening of Vivify's patient engagement and remote patient monitoring solution.

The OMsignal Biometric Smartwear provides users with real-time data showing heart rate, breathing, activity levels, and wellness insights for a healthier life.

The company says its product is best used for follow-up appointments, test results, medication refills, after hours care and doctor-to-doctor communication.

In general, Millennials see the US healthcare system as a dysfunctional collusion - and don't believe the major players have an incentive to change.

The funding will go towards further development of the "Health Storylines" platform that allows providers and health plans to engage and learn from patients.

The company plans to use the new funds to keep working on its DNA-printing technology, and to start development of its own incubator.

This temporary dip in sales will be driven by an overlap in functionality between smart wristbands, other wearable fitness monitors and smart watches.