Digital health executives share their predictions on how artificial intelligence (AI) will continue to shape the healthcare industry in 2022. Diana Nole, EVP and GM of Healthcare at Nuance Communications, Inc. AI will find more game-changing use cases – According to Optum's fourth annual survey on AI in healthcare, 96% of respondents said AI plays an important role in increasing health equity, and 94% said they have a duty to ensure AI is used responsibly in healthcare. As healthcare
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Fred Pennic
Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.
Jumpstart Health Launches $55M Venture Fund for Black Founded Health Startups
What You Should Know: - Jumpstart Health Investors, announced this week the launch of Jumpstart Nova, the first venture fund to invest in Black founded and led healthcare innovation companies. - The $55M fund will invest exclusively in Black founder-led healthcare companies across health IT, digital health, tech-enabled services, diagnostic devices, biotech, medical device manufacturing and consumer health and wellness. Why It Matters Marcus Whitney, a leader in healthcare innovation
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Verana Health Raises $150M to Expand Real-World Data Network
What You Should Know: Verana Health, a digital health company that delivers quality drug lifecycle and medical practice insights from an exclusive real-world data network, today announced a $150 million Series E funding round led by Johnson & Johnson Innovation - JJDC, Inc. (JJDC) and Novo Growth, the growth-stage investment arm of Novo Holdings. - Existing Verana Health investors GV (formerly Google Ventures), Casdin Capital, and Brook Byers also joined the round, as well as notable
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Improvements in Data Quality Could Yield Up to $42.1M for Healthcare Organizations
What You Should Know: - InterSystems and Sage Growth Partners announced research that reveals just how much healthcare organizations could save from investing in higher quality data - including up to $42.1 million over the course of three years. Report Background According to the respondents from 100 C-level leaders from top healthcare organizations, hospitals, and healthcare systems are using inefficient practices that can impose a significant financial burden. The research found that
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Decentralized Clinical Trials Can Achieve Net Financial Benefits of 5X to 14X
What You Should Know: - New data from Tufts and Medable reveal on average, decentralized clinical trials (DCTs) are associated with reduced clinical trial timelines and can achieve net financial benefits ranging from five to 14 times for Phase II and Phase III trials, respectively. - The findings are based on financial modeling and analysis of trial data from the Tufts Center for the Study of Drug Development (CSDD), Tufts University School of Medicine, and more than 150 clinical trials
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Sanofi Taps BrightInsight for Development of Software as a Medical Device
What You Should Know: - Sanofi, a global biopharmaceutical company focused on human health has inked a strategic partnership with BrightInsight, Inc., provider of the leading global platform for biopharma and medtech regulated digital health solution to bring to market a next-generation digital companion application for one of Sanofi’s products. - The BrightInsight® Platform has been selected to serve as the underlying infrastructure to accelerate continuous development of one of Sanofi’s
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Chronus Health Raises $22M for Portable, Rapid Blood Analyzer Technology
What You Should Know: - Chronus Health, a point-of-care diagnostics company raises $22M in Series A funding led by Tarsadia Investments with participation from Monta Vista Capital, SOSV, Savantus Ventures, and an undisclosed strategic investor. - Chronus intends to use the proceeds of the Series A financing to scale its research, engineering, and data science teams, in addition to accelerating the company’s product and technology development. Diagnostics on Demand. Reimagined While
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GrayMatters Health Raises $10M for Biomarker-Based PTSD Therapeutics
What You Should Know: - GrayMatters Health (GMH), a company set to change the standards of mental health care with biomarker-based therapeutics, beginning with PTSD raises $10 million in Series A funding round led by Otsuka Medical Devices Co., Ltd., bringing total funding to $13.5 million. Additional investors in the Series A round included Joy Ventures, J-Ventures, and J-Impact. Existing GMH investors, Marius Nacht and Joyance Ventures, also
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Headspace Acquires AI Mental Health Startup Sayana
What You Should Know: - Headspace Health, today announced the acquisition of Sayana, an AI-driven mental health and wellness company. With this acquisition, Headspace Health is expanding its ability to provide highly-personalized mental health care and content to its millions of users in 190+ countries. - The acquisition comes approx. 6 months after the $3B merger of Headspace and Ginger, and will add further AI capabilities to what is the most accessible and comprehensive digital
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Digital Health Funding Tops $29.1B Across 729 Deals in 2021
What You Should Know: - Digital health funding in the U.S. reached $29.1 billion across 729 deals, according to latest research from Rock Health, a full-service venture fund dedicated to digital health. The total nearly doubles 2020’s $14.9B record with an average deal size of $39.9M. - The findings signal both the cause and effect of trends in the healthcare landscape as the digital health sector deals with major changes to its infrastructure, business models, and talent pool
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