What You Should Know:
- AMA
announces new CPT codes for multi-virus tests to detect COVID-19 and flu for
immediate use.
The American Medical Association (AMA) today published an update to the Current Procedural Terminology (CPT®) code set that includes new code additions and editorial revisions for reporting medical services sparked by the public health response to the COVID-19 pandemic. The update to the CPT code set was approved by the CPT Editorial Panel, the
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Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding
What You Should Know:
- Augmedix closes $25 million in private placement
funding and completion of a reverse merger transaction with Malo Holdings Corp.
- Following the transaction, the merged entity will be
named "Augmedix, Inc.", and will continue the historic and innovative
business of Augmedix.
Augmedix, a company
specializing in providing remote medical documentation and live clinical
support services, today announced the closing of a $25 million private
placement
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Walmart to Offer Medicare Insurance Plans During 2020 Open Enrollment
What You Should Know:
- Walmart announced it will begin selling Medicare
insurance plans during this year’s annual enrollment period, Oct. 15 through
Dec. 7.
Today, Walmart
announced the launch of Walmart
Insurance Services, LLC, a licensed insurance brokerage, which will assist
people with enrolling in insurance plans—and simplify what’s historically been
a cumbersome, confusing process. Walmart Insurance Services will begin selling
Medicare insurance plans during this year’s Annual
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AWS, PHDA Collaborate to Develop Breast Cancer Screening and Depression Machine Learning Models
What You Should Know:
- Amazon Web Services (AWS) and the Pittsburgh Health Data Alliance (PHDA) announce a collaboration to produce more accurate machine learning models for breast cancer screening and depression.
- In work funded through the PHDA-AWS collaboration, a research team led by Shandong Wu, an associate professor at the University of Pittsburgh Department of Radiology, is using deep-learning systems to analyze mammograms in order to predict the short‐term risk of developing
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Q3 2020 Digital Health Funding Breaks $4B: 3 Key Trends to Know
What You Should Know:
- Digital health funding reached a record-breaking $4.0B in
Q3 2020 for a total of $9.4B year to date, according to the latest Rock Health
quarterly report.
- Twenty-four (24) digital health companies have raised
mega deals of $100M or more through Q3 of 2020. The rise in mega deals reflects
a trend towards capital concentration in digital health venture investment.
- On-demand
healthcare services is the top-funded value proposition with $2.0B
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NVIDIA Develops AI Model to Accurately Predict Oxygen Needs for COVID-19 Patients
What You Should Know:
- NVIDIA and Massachusetts General Brigham Hospital
researchers develop an AI model that determines whether a person showing up in
the emergency room with COVID-19 symptoms will need supplemental oxygen hours
or even days after an initial exam.
- The ultimate goal of this model is to predict the
likelihood that a person showing up in the emergency room will need
supplemental oxygen, which can aid physicians in determining the appropriate
level of care for patients,
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New Jersey Urology Launches First-Ever Urologic-Centric Epic EHR
What You Should Know:
- New Jersey Urology (NJU) becomes the first urology-only group to launch a urologic-centric Epic electronic health record (EHR).
- NJU is the largest urology practice providing complete
urologic care and comprehensive individualized treatment at more than 60
convenient locations, including six state-of-the-art Cancer Treatment Centers.
New Jersey Urology ("NJU"), the leading urology service provider in New Jersey, and Urology Management Associates
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Value-Based Reimbursement Contracts Now Account for 26% of Hospital Revenue, KLAS Finds
What You Should Know:
- Value-based reimbursement (VBR) contracts now account
for 26% of hospital revenue, according to a new report from KLAS research and
CHIME.
- Report reveals providers are looking first to their
electronic health record (EHR) systems to drive PHM, and are most interested in
investing in new healthcare information technology (HIT) when they know there
is a clear ROI.
With value-based reimbursement (VBR) adoption slowing, healthcare providers are searching
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Amwell and Cigna Ranks High in Telehealth Patient Satisfaction, J.D. Power Finds
What You Should Know:
- Amwell ranks highest among direct to consumer brands
and Cigna ranks highest among health plans for telehealth patient satisfaction,
according to the J.D. Power 2020 U.S. Telehealth Satisfaction Study
- Though telehealth has been pitched as a solution to
improve access to healthcare for everyone, more than half (52%) of telehealth
users say they encountered at least one barrier that made it difficult to use
telehealth.
Patient satisfaction with
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NIH Funds First Nationwide Rare and Atypical Diabetes Network
What You Should Know:
- NIH awards funding for Rare and Atypical Diabetes
Network, or RADIANT that will seek to discover the cause of
several unusual forms of diabetes.
- RADIANT plans to screen about 2,000 people with unknown
or atypical forms of diabetes that do not fit the common features of type 1 and
type 2 diabetes.
The National Institute of
Health (NIH), announced this week it is funding a nationwide study with The Rare and Atypical Diabetes
Network (RADIANT) that will seek
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