What You Should Know:
- The digital health industry is showing signs of strength despite recent economic uncertainties, according to Rock Health’s latest H1 report.
- U.S. digital health startups raised a significant amount in the first half of 2024 ($5.7B), with the potential to exceed full-year totals from 2019 and 2023. This growth is fueled by strong Series A activity, with a median deal size of $15M, indicating larger investments for early-stage companies.
Here's a breakdown
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KLAS: Healthcare Organizations Prioritize EHR Initiatives Despite Fewer Purchases in 2023
What You Should Know:
- Healthcare organizations worldwide continue to prioritize implementing Electronic Health Record (EHR) systems, according to a new report by KLAS. While the total number of finalized EHR purchases in 2023 dipped slightly below the average for recent years, the number of hospitals impacted by these decisions reached a five-year high due to several large regional contracts.
- Government initiatives in Asia and Latin America are expected to fuel future EHR
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M&A: HHAeXchange Acquires Generations Homecare System
What You Should Know:
- HHAeXchange, a provider of homecare management solutions, announced today the acquisition of Generations Homecare System.
- Generations offers a comprehensive software solution designed to streamline operations, improve care team collaboration, and ensure compliance for homecare agencies. The strategic move reinforces HHAeXchange's position as a frontrunner in the homecare technology space.
A Growing Market Demands Innovation
The homecare industry
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Teladoc Health Announces Executive Leadership Change
What You Should Know:
- Teladoc Health, Inc. has announced a significant change in its executive leadership structure. Laizer Kornwasser, President of Enterprise Growth and Global Markets, has been terminated without cause as part of a reorganization of the company’s executive reporting structure. This change will take effect on July 1, 2024.
- Mr. Kornwasser, who has been with Teladoc since October 24, 2022, will remain with the company in an advisory capacity to the Chief Executive
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Walmart Seeks Buyers for Shuttered Health Clinics After Failed Expansion
What You Should Know:
- Retail giant Walmart is reportedly shopping around a potential sale of its recently closed health centers, according to a recent Fortune report citing unnamed sources.
- The news comes just a few months after Walmart announced the closure of all 51 of its health clinics in late April.
Financial Losses Prompt Sale
The report claims Walmart has held talks with health insurance companies, including Humana, with the goal of recouping some of the
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Pangea Biomed’s ENLIGHT-DP Predicts Cancer Treatment Response from Simple Scans
What You Should Know:
- Pangea Biomed, a leader in precision oncology, announced a significant breakthrough in its ENLIGHT cancer response predictor. A new study published in Nature Cancer demonstrates the effectiveness of their ENLIGHT-DP platform, revealing its ability to predict cancer treatment response across various types and drugs using only routine pathology slides.
- While these findings are promising, further validation and testing are planned for regulatory
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AI Ushers in New Era of Global Healthcare Equity and Efficiency
What You Should Know:
- The global healthcare landscape is undergoing a transformative shift. Digital innovation, particularly the integration of Artificial Intelligence (AI), is emerging as a powerful tool to improve access, quality, and affordability of healthcare worldwide.
- A recent white paper by the World Economic Forum, in collaboration with leading organizations, highlights the exciting potential of AI in social innovation, specifically within healthcare. The report
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Cano Health Emerges from Chapter 11, Focused on Florida Market
What You Should Know:
- Cano Health, a value-based primary care provider, announced today that it has successfully exited Chapter 11 bankruptcy as a reorganized private company.
- The emergence follows a strategic restructuring aimed at improving the company's financial health and optimizing operations.
Key Achievements of the Restructuring
Debt Reduction: Cano Health significantly reduced its debt burden by converting over $1 billion of pre-bankruptcy debt into common
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New Hope for Early Alzheimer’s: FDA Approves Kisunla to Slow Disease Progression
What You Should Know:
- Eli Lilly's Kisunla™ (donanemab-azbt) has been approved by the FDA as a treatment for adults in the early stages of Alzheimer's disease (AD), including those with mild cognitive impairment (MCI) and mild dementia, who have confirmed amyloid plaque buildup in the brain.
- The FDA approval marks a significant step forward in the fight against Alzheimer's, offering new hope for patients and their families.
How Kisunla Works
Kisunla targets amyloid
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Hummingbird Healthcare Secures $10M to Streamline Patient Access, Create Jobs
What You Should Know:
- Hummingbird Healthcare Inc., a tech-driven healthcare services company raises $10M in Series A funding led by UCHealth, a leading Colorado-based health system and existing investor. The round also included participation from CU Healthcare Innovation Fund, 8VC, and Gaingels.
- With this new funding, Hummingbird is poised to expand its reach and empower healthcare providers to deliver exceptional patient experiences.
Focus on Patient Access and Operational
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