What You Should Know:
- A new survey reveals that the healthcare industry is making significant strides towards interoperability, thanks to the adoption of standards-based application programming interfaces (APIs).
- The research, conducted by the Office of the National Coordinator for Health Information Technology (ONC), reveals that a majority of digital health companies are using the FHIR standard to integrate with electronic health records (EHRs).
The Rise of FHIR
The Cures Act
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Freenome Raises $254M to Accelerate Early Cancer Detection Platform
What You Should Know:
- Freenome, a leader in blood-based early cancer detection, has raised $254M in a new funding round, fueled by its innovative multiomics platform and promising pipeline of tests. The funding was led by Roche with participation from a16z Life Sciences Growth Fund, the American Cancer Society’s BrightEdge Ventures, ARK Investments, ArrowMark Partners, Artis Ventures, Bain Capital Life Sciences, Cormorant Capital, DCVC, Eventide Asset Management LLC, Intermountain Ventures,
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Health Systems Grapple with AI Governance: Balancing Promise and Risk
What You Should Know:
- Despite the increasing adoption of artificial intelligence (AI) in healthcare, a new survey reveals that very few health systems have formal policies in place to govern its use, particularly for generative AI. In addition, 70% of executives plan to adopt AI solutions through EHR vendors for easier integration.
- The Center for Connected Medicine's full report, "How Health Systems are Navigating the Complexities of AI," offers a deeper dive into the survey findings
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RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI
What You Should Know:
- RapidClaims, a healthcare technology startup focused on automating medical coding and reducing claim denials, has officially exited stealth mode after securing a $3.1M seed funding round. The seed round was led by Together Fund, a $250 million global SaaS fund, with participation from Better Capital, Neon Fund, Peercheque, DeVC with angels and advisors coming from prominent US healthcare organizations including Oscar Benavidez (Executive Director, Mass General), Ankit
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VR Mask for PTSD Shows Promise in Decentralized Trial, Aims for FDA Breakthrough Designation
What You Should Know:
- Curavit Clinical Research, a leader in decentralized clinical trials (DCTs) for digital therapeutics (DTx), successfully completed a study for the Sana Device, a virtual reality (VR) mask aiming to reduce post-traumatic stress disorder (PTSD) symptoms.
- Overall, this study represents a significant step forward in the development of VR-based treatments for PTSD. If approved, the Sana Device could offer a valuable tool for patients struggling with this
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Xealth Digital Health Report Reveals 8 Emerging Trends for 2024
What You Should Know:
- Xealth, a leader in enabling digital health at scale, released its 2023 Digital Health Review, analyzing data from over 12 million digital health orders across nearly 30 health systems.
- The report highlights key trends and emerging areas for 2024, offering insights into the evolving digital health landscape.
Key Findings from 2023
Most Enrolled Patients: Surgery preparation and recovery programs saw the highest enrollment, reaching 1.5 million
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How Open-Source Technologies Will Transform Digital Clinical Trials
Although the traditional nearly decade-long clinical trial timelines completely collapsed during COVID, this truncating was not necessarily novel. Precedent exists for accelerating approval timelines during health emergencies such as the AIDs/HIV epidemic, where Compound S, a re-make of AZT, or azidothymidine, originally developed to fight cancer, became controversially fast-tracked after the discovery that it could block HIV activity. Likewise, when potentially lifesaving drugs are
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PathAI, Roche to Develop AI-Enabled Digital Pathology Algorithms for Companion Diagnostics
What You Should Know:
PathAI, a pioneering AI-powered precision pathology company, has just announced an exclusive collaboration with Roche Tissue Diagnostics (RTD) aimed at advancing AI-enabled interpretation for companion diagnostics.
Through this strategic partnership, PathAI will work exclusively with Roche Tissue Diagnostics to develop AI-enabled digital pathology algorithms specifically tailored for companion diagnostics.
Advance AI-enabled Interpretation for Companion
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Catalyst Solutions Appoints Aneesh Kumar as Chief Digital Innovation Officer
What You Should Know:
- Catalyst Solutions, a leader in healthcare business process outsourcing (BPO), technology, and consulting services, announces the appointment of Aneesh Kumar as Chief Digital Innovation Officer.
Kumar Bio
Kumar joins Catalyst with a 25-year record of driving transformative changes in healthcare for companies like Apple, Elevance Health, Gainwell Technologies, Cigna and Accenture. He also founded, built, and sold startups in care delivery (AzulCare) and in digital
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Beta Boom Closes $14.5M Fund to Invest in Digital Health Startups
What You Should Know:
- Beta Boom, a pre-seed and seed-stage VC firm focused on impact investing, has secured $14.5 million for its Fund II.
- Led by Managing Partners Kimmy and Sergio Paluch, the fund targets early-stage startups addressing critical needs within fast-growing, underserved communities.
Investment Thesis & Focus
Beta Boom goes beyond traditional networks and tech hubs, looking for passionate founders with grit and deep understanding of the problems they solve. They
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