What You Should Know:
- Koda Health, a pioneer in digital Advance Care Planning (ACP), today announced the successful closing of an oversubscribed Seed+ funding round led by Ecliptic Capital with strategic investment from Memorial Hermann Health System, AARP and the Texas Medical Center (TMC) Venture Fund.
- Koda Health, founded in 2020 by Dr. Tatiana Fofanova, Dr. Desh Mohan, and Katelin Cherry, emerged from the Texas Medical Center's (TMCi) Biodesign program. This program fosters
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First Successful Implant of FDA-Approved Duo Venous Stent System Offers New Hope for Chronic Venous Insufficiency Patients
What You Should Know:
- A new era in the treatment of chronic venous insufficiency (CVI) began on June 11th, 2024, with the successful implantation of the Philips Duo Venous Stent System outside of a clinical trial setting.
- Dr. Erin Murphy, a leading vascular surgeon at Atrium Health's Sanger Heart & Vascular Institute, performed the procedure, marking a significant milestone for patients suffering from this debilitating condition.
CVI: A Common Yet Complex
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Streamlining Behavioral Health: Mercy Health Cuts ED Stays in Ohio by 64%
What You Should Know:
- A collaborative effort between Conduit Health Partners and Mercy Health – Springfield Regional Medical Center has yielded significant improvements in behavioral health patient care.
- The behavioaral health initiative, focused on streamlining transfers from the emergency department (ED) to appropriate care settings, has resulted in a remarkable 64% reduction in ED length of stay for these patients.
The Challenge: Rising Need, Strained
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Cerebral Settles FTC Charges Over Data Privacy and Deceptive Practices
What You Should Know:
- The Department of Justice (DOJ), in conjunction with the Federal Trade Commission (FTC), announced a settlement with Cerebral Inc., a telehealth company, resolving allegations of data privacy violations, deceptive practices, and misleading cancellation procedures.
- The government, however, is continuing its case against Cerebral's former CEO and other executives, along with separate telehealth companies founded by the former CEO.
Cerebral Settles
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HEALWELL AI Acquires VeroSource for $24.5M to Bolster AI-Powered Preventative Care Platform
What You Should Know:
- HEALWELL AI (TSX: AIDX), a leader in AI-powered preventative healthcare, announced today it has agreed to acquire VeroSource Solutions Inc., a healthcare technology company focused on data solutions and digital healthcare platforms.
- The acquisition, valued at approximately $24.5M, is expected to significantly enhance HEALWELL's capabilities in early disease detection and improve patient outcomes. By combining HEALWELL's AI expertise with VeroSource's data
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Omniscient Secures Series C Funding to Expand AI-Powered Brain Mapping
What You Should Know:
- Omniscient (o8t®), a Sydney, Australia-based global leader in applying AI to unlock the secrets of the human brain, announced today the successful conclusion of its Series C funding round. This round brings the company's total capital raised to US$60M , marking a significant milestone in its growth trajectory.
- The funding round highlights the confidence of prominent Australian investors, including Will Vicars and Gina Rinehart, in Omniscient's vision and
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Verily Launches AI-Powered Chronic Care Solution, Lightpath
What You Should Know:
- Verily, Alphabet's precision health subsidiary, today announced Lightpath, a next-generation chronic care solution designed to address the evolving needs of health plans and their members.
- The initial offering, Lightpath Metabolic, focuses on empowering individuals with cardiometabolic conditions to achieve and maintain their health goals. Open enrollment is targeted for early 2026.
Building on Success with Onduo
Lightpath Metabolic leverages the
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Canary Speech Secures $13M for AI-Powered Vocal Biomarkers
What You Should Know:
- Canary Speech, Inc. (Canary), a pioneer in AI-powered voice biomarker technology, announced today it has closed a $13M Series A funding round.
- The round was led by Cortes Capital, LLC (Love’s Private Equity), with participation from Sorenson Communications, LLC., SMK (Japan), and Hackensack Meridian Health.
Canary's Cutting-Edge Technology
Canary Speech leverages vocal analysis to identify early signs of mental health and neurological conditions.
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Tampa General Hospital Deploys AI Tools to Reduce Burnout, Bost Patient Experience
What You Should Know:
- Tampa General Hospital (TGH) is embracing artificial intelligence (AI) to streamline documentation workflows and empower physicians to focus on what matters most – their patients.
- While thorough documentation is crucial for high-quality care, the process can be time-consuming and detract from valuable patient interactions. To address this challenge, TGH has partnered with Nuance to implement DAX Copilot, an innovative AI-powered solution.
DAX Copilot:
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JAMA: Traditional Medicare Is, In Fact, The Failure
What You Should Know:
- A new article published in JAMA Internal Medicine reignites the debate about Medicare Advantage and traditional Medicare.
- Dr. Sachin H. Jain, CEO of SCAN Group and SCAN Health Plan, argues in favor of Medicare Advantage, while Drs. Adam Gaffney, David Himmelstein, and Steffie Woolhandler advocate for traditional Medicare.
Traditional Medicare: Lower Costs, Fewer Benefits
Traditional Medicare offers beneficiaries lower premiums, but it comes with
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