What You Should Know:
- Better Therapeutics (BTTX), a developer of prescription digital therapeutics (PDT), announced today it is shuttering operations and terminating its employees as they explore strategic alternatives.
- The announcement follows a special meeting of the board of directors on March 13, 2024.
Strategic Crossroads
The company will explore strategic options, including:
Assignment for the Benefit of Creditors (ABC): In an ABC, an independent trustee takes
Read More
Zephyr AI Secures $111M to Democratize Precision Medicine with Explainable AI
What You Should Know:
- Zephyr AI, a healthcare technology company pioneering explainable AI (XAI) for precision medicine, raises $111M in Series A round led by Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group.
- The company plans to use this round of funding to refine its technology to fortify its extensive collection of training and validation datasets, crucial for robust AI models, deliver results even faster, and expand its scientific and commercial
Read More
Pi Health Secures $30M to Democratize Cancer Clinical Trials
What You Should Know:
- Pi Health, a newly independent oncology-focused clinical research company raises $30M in Series A funding led by AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe.
- The company, previously incubated by BeiGene (NASDAQ: BGNE), aims to revolutionize access to innovative cancer treatments through its technology platform and global network of clinical trial sites.
Less Than 8% of
Read More
Nursing Report Reveals Generational Divide on Nursing’s Future, Amidst Staffing Shortages
What You Should Know:
- Incredible Health, the leading healthcare career marketplace, released its 5th Annual State of US Nursing Report today. The report, based on data from one million nurses and a survey of over 3,300, offers a comprehensive look at the state of nursing in the United States.
- The report underscores the need for solutions to address staffing shortages, improve compensation, and enhance nurse safety and well-being. Collaboration between healthcare systems,
Read More
AKASA Unveils Gen AI Assistant, Cuts Prior Authorization Time by 50%
What You Should Know:
- AKASA, a leader in generative AI (GenAI) solutions for the revenue cycle, today announced the launch of Authorization Advisor™.
- Authorization Advisor tackles the time-consuming and error-prone process of prior authorization, a major pain point for healthcare providers.
Prior Authorization Made Easy with AI
Prior authorization, a process requiring approval from insurers before delivering certain services, is a significant burden for healthcare providers. It
Read More
Feds Launches Investigation of Change Healthcare Cybersecurity Attack
What You Should Know:
- The Department of Health and Human Services' Office for Civil Rights (OCR) has announced an investigation into the recent cyberattack on Change Healthcare, a subsidiary of UnitedHealth Group (UHG).
- The cybersecurity attack has significantly disrupted healthcare billing and information systems nationwide, potentially impacting patient care.
Investigation Focuses on HIPAA Compliance
The OCR enforces the Health Insurance Portability and Accountability Act
Read More
Availity Processes More Than $5B in Claims Stuck with Change Healthcare
What You Should Know:
- The Change Healthcare cybersecurity breach continues to disrupt the healthcare industry three weeks after the initial incident. Hospitals, physicians, pharmacists, and health plans are struggling to maintain operations amidst logistical and financial challenges. Patients nationwide face uncertainty regarding their ability to receive necessary care.
- Availity, the nation's largest real-time health information network, has emerged as a key resource in helping these
Read More
Mahana Acquires Cara Care to Expand into the European Market
What You Should Know:
- Mahana Therapeutics, a provider of digital chronic condition management programs acquires Cara Care, a Berlin-based company specializing in digital digestive healthcare.
- The acquisition of Cara Care is expected to accelerate Mahana’s market entry in Europe where the reimbursement of digital programs is outpacing the United States. Financial terms of the acquisition were not disclosed.
Expanding Digestive Health Portfolio and Global Reach:
The
Read More
Healthcare Triangle, Inc. Appoints Anand Kumar as Interim CEO
What You Should Know:
- Healthcare Triangle, a company reinforcing healthcare progress through breakthrough technology and extensive industry knowledge and expertise, appoints Anand Kumar as interim CEO while he maintains his role as Chief Revenue Officer.
- Kumar’s experience in digital transformation, AI, and healthcare makes him a strong candidate to lead the company through its next phase of growth.
- Kumar has over 20 years of experience in modernizing infrastructure, data
Read More
Clinithink Appoints Mark Johnston as Chief Executive Officer
What You Should Know:
- Clinithink, a leader in transforming unstructured clinical data into actionable insights through artificial intelligence (AI), today announced the appointment of Mark Johnston as its new Chief Executive Officer (CEO).
- Mr. Johnston succeeds Dr. Chris Tackaberry, who will transition to the role of Executive Vice President of Population Health and Life Sciences.
Proven Leadership in Healthcare Technology:
Mark Johnston brings a wealth of experience to
Read More
