What You Should Know:
- While the healthcare industry is abuzz with the potential of AI and ambient speech technology, virtual scribing services continue to play a crucial role in easing the administrative burden on clinicians.
- KLAS's latest report provides valuable insights into the evolving landscape of virtual scribing, highlighting key trends and vendor performance in this developing market.
The Value Proposition of Virtual Scribes
Provider organizations are
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Medical Drone Delivery Services Market to Reach $1.9B by 2032
What You Should Know:
- The medical drone delivery services market is experiencing a dramatic upswing, driven by the increasing need for efficient and accessible healthcare delivery, especially in remote and underserved areas.
- According to FN Media Group, the market, valued at approximately $245.4 million in 2023, is projected to achieve a remarkable compound annual growth rate (CAGR) of 22.3% from 2024 to 2032, reaching $1.9 billion.
Factors Fueling the
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Avel eCare Acquires Hospital Pharmacy Management, Expanding Telepharmacy Services
What You Should Know:
- Avel eCare, a provider of telemedicine services, today announced the acquisition of Hospital Pharmacy Management, Inc. (HPM), a company specializing in remote medication order review and onsite pharmacy management for hospitals and health systems.
- The strategic acquisition significantly expands Avel eCare's telepharmacy capabilities and strengthens its commitment to supporting healthcare providers, particularly in addressing the growing shortage of
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Vitalic Launches Geriatric Behavioral Health Platform for Seniors
What You Should Know:
- Vitalic announced the launch of its innovative geriatric behavioral health platform, designed specifically to address the often overlooked mental health needs of older adults.
- Launching with $4M in seed funding from Redesign Health and Medicare Advantage payor VNS Health (a national home- and community-based health care payor/provider), Vitalic focuses on providing comprehensive and integrated care that prioritizes the unique challenges and vulnerabilities of
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Royal Health Secures Significant Investment from HealthQuest Capital
What You Should Know:
- Royal Health Inc., a provider of advanced radiology software and workflow solutions, announced today the closing of a minority investment led by HealthQuest Capital, a growth capital firm focused on transformative healthcare companies.
- The recapitalization represents a significant milestone for Royal Health, resulting in a near eightfold increase in enterprise valuation since its previous investment round in 2019.
While the specific funding amount
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KLAS Revenue Cycle Management Summit 2024: Top Challenges and Solutions
What You Should Know:
- The KLAS Revenue Cycle Management Summit 2024 brought together 117 revenue cycle management (RCM) leaders to address pressing challenges, explore emerging technologies, and enhance cybersecurity in healthcare.
The KLAS Revenue Cycle Management Summit provided healthcare leaders navigating the evolving RCM landscape with practical solutions and best practices for optimizing revenue cycle operations.
Top RCM Challenges and Solutions
Summit attendees
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Commure Acquires Digital Care Navigation Platform Memora Health
What You Should Know:
- Commure, a healthcare technology company, has announced the acquisition of Memora Health, a digital care navigation platform. The strategic move strengthens Commure's comprehensive suite of AI-powered solutions, further solidifying its commitment to transforming healthcare delivery.
- By integrating Memora's advanced patient navigation tools with CommureOS's robust integration engine, the combined platform will empower healthcare organizations to deliver
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Could AI Revolutionize the Physical Exam? New Study Explores LLMs as Physician Aids
What You Should Know:
- A new study published in the Journal of Medical Artificial Intelligence explores the potential of large language models (LLMs), like GPT-4, to act as valuable tools for clinicians.
- Study author Marc D. Succi, MD, strategic innovation leader at Mass General Brigham Innovation, and his team investigated the use of GPT-4 in recommending physical exam instructions based on patient symptoms. For example, if a patient presented with a painful hip, GPT-4 would
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ŌURA Secures $200M to Fuel Growth and Innovation in Health Wearables
What You Should Know:
- ŌURA, the company behind the world's leading smart ring, has announced the completion of a $200 million Series D funding round, raising its valuation to $5.2B.
- This significant investment, with participation from Fidelity Management & Research Company and Dexcom, reflects ŌURA's strong momentum and its potential to transform the healthcare landscape.
Driving the Future of Health Wearables
ŌURA has been redefining health wearables since its
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Remodel Health Raises Over $100M to Expand ICHRAs
What You Should Know:
- Remodel Health, a provider of Individual Coverage Health Reimbursement Arrangements (ICHRAs), has announced a significant growth funding round of over $100M. ICHRAs offer employers predictable annual benefits costs, providing stability and potential cost savings compared to traditional group health insurance.
- The investment, led by Oak HC/FT and Hercules Capital, will support Remodel Health's continued expansion and innovation in the ICHRA
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