What You Should Know:
- evolvedMD, a Collaborative Care Management (CoCM) provider, announced the close of its $34M Series B investment round, led by Sustainable Investing at Goldman Sachs Alternatives. Existing investors Conductive Ventures, FCA Venture Partners, Healthworx Ventures, Tectonic Ventures, and Waterline Ventures also participated in the round.
- The funding will be used to accelerate evolvedMD's mission to increase behavioral health care availability and expand
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Zimmer Biomet to Acquire Monogram Technologies for $177M to Offer First Fully Autonomous Surgical Robot
What You Should Know:
- Zimmer Biomet Holdings, a global medical technology leader, and Monogram Technologies Inc., an orthopedic robotics company, announced a definitive agreement for Zimmer Biomet to acquire all outstanding shares of Monogram.
- The deal, valued at an upfront payment of $4.04 per share in cash (approximately $177M equity value, $168M enterprise value), will significantly expand Zimmer Biomet's surgical robotics portfolio and position it to become the first
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Validic Launches Sparks: Generative AI Solution Transforms Wearable Data into Actionable Healthcare Insights
What You Should Know:
- Validic, a platform for Connected Health Data and remote patient monitoring (RPM), announced the launch of Validic Sparks, a generative AI solution designed to help healthcare organizations transform raw health data from wearables and FDA-approved devices into actionable insights.
- Validic Sparks enables health systems, value-based care organizations, health plans, and digital health apps to combine their contextual data with Validic personal health data to
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Omega Healthcare Expands Microsoft Collaboration, Launches 20+ AI Solutions to Transform Revenue Cycle Management
What You Should Know:
- Omega Healthcare, a provider of technology-enabled Revenue Cycle Management (RCM) services, today announced an expanded collaboration with Microsoft.
- Through the integration of Microsoft Azure's cutting-edge AI models via Azure AI Foundry and the company's proprietary Omega Digital Platform (ODP), Omega Healthcare has launched more than 20 generative and agentic AI solutions designed to enhance healthcare organizations' revenue cycle operations and
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FTC Penalizes NextMed $150k for Deceptive Weight-Loss Claims
What You Should Know:
- The Federal Trade Commission (FTC) has reached a settlement with Southern Health Solutions, Inc., operating as Next Medical and NextMed, and its founders Robert Epstein and CEO Frank Leonardo III.
- The FTC's charges allege the telemedicine company used deceptive cost and weight loss claims, fake reviews, and undisclosed terms to lure consumers into their weight-loss membership programs.
Deceptive Weight-Loss Claims and Hidden Fees
According
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New AI Model Predicts Cancer Mutations from Routine Pathology Slides, Streamlining Treatment Decisions
What You Should Know:
- A new study by researchers at the Icahn School of Medicine at Mount Sinai, Memorial Sloan Kettering Cancer Center, and collaborators, suggests that artificial intelligence (AI) could significantly improve how doctors determine the best treatment for cancer patients by enhancing how tumor samples are analyzed in the lab.
- The compelling findings, published in the July 9 online edition of Nature Medicine, demonstrated that AI can accurately predict genetic
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Samsung to Launch AI-Powered Health Coach Beta in US
What You Should Know:
- Samsung Electronics Co. unveils its plans to roll out a beta version of an AI-powered health coach within its Samsung Health application in the US by the end of this year. This new digital assistant, in the form of a chatbot, will analyze users’ health data and assist them in incorporating their doctors’ prescriptions and medical advice into their daily routines.
- The initiative follows Samsung’s recent acquisition of Xealth, a US-based healthcare integration
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Ryght Partners w/ Emory Cancer Institute for AI-powered Clinical Trials
What You Should Know:
- Ryght AI, a provider of real-time generative AI healthcare technology for clinical research, today announced that the prestigious Winship Cancer Institute of Emory University has joined its unique Ryght Research Network.
- The global network creates an AI digital twin of every research site worldwide, allowing distinguished academic institutions like Winship to leverage Ryght's AI platform and applications to revolutionize clinical trial processes and
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Johns Hopkins Launches Illustra Health to Transform Population Health Analytics
What You Should Know:
- Johns Hopkins Health System announced the official launch of Illustra Health, an advanced suite of analytics and implementation capabilities designed to transform the practice of population health. Developed by Johns Hopkins veterans, Illustra Health aims to convert complex data into clear, prioritized actions with a proven impact on financial performance.
- Illustra Health builds on Johns Hopkins' long-standing commitment to population health innovation and
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HHS Reverses 1998 PRWORA Interpretation: Tightens “Federal Public Benefit” Access for Illegal Aliens
What You Should Know:
- The U.S. Department of Health and Human Services (HHS) today announced a significant policy shift aimed at restoring compliance with federal law and ensuring that taxpayer-funded program benefits, originally intended for American citizens, are not diverted to subsidize illegal aliens.
- HHS has formally rescinded a 1998 interpretation of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA), which it states improperly
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