What You Should Know:
- Fitch Ratings has released a report revealing an improvement in the median financial performance of Fitch-rated not-for-profit (NFP) hospitals and healthcare systems with early fiscal year ends (FYE) in 2024, compared to the previous year.
- While this positive trend suggests a potential stabilization, full calendar year (CY) 2024 medians are expected to remain below pre-pandemic levels.
NFP Median Operating Margin for Providers
Specifically, the
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Daymark Health Launches with $11.5M to Redefine Cancer Care
What You Should Know:
- Daymark Health, a company aiming to redefine the cancer care experience, has publicly launched with an $11.5M in seed funding co-led by Maverick Ventures and Yosemite, with additional participation from Oncology Ventures. Daymark was launched out of Healthcare Foundry, with Robert Pahlavan and Jonathan Rhodes as co-founders leading thesis development.
- The company began operations this year in partnership with a leading payer in the Northeast, providing
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GoodRx Launches E-commerce Experience for Retail Pharmacies
What You Should Know:
- GoodRx, a platform for medication savings in the U.S., today announced a new e-commerce experience for retail pharmacies, designed to improve how consumers obtain their medications through the GoodRx platform. The company is initially launching this experience with the Midwest-based retailer Hy-Vee.
- GoodRx's e-commerce capability bridges online consumer engagement with prescription fulfillment, demonstrating the company's commitment to reducing
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KLAS Report Evaluates AI Data Science Solutions in Healthcare
What You Should Know:
- A new report from KLAS Research examines the use of artificial intelligence (AI) and machine learning (ML) within healthcare data science solutions.
- The KLAS report, which builds upon a previous KLAS analysis, explores how healthcare organizations are utilizing these technologies, the outcomes they are achieving, and the effectiveness of vendor partnerships in driving success.
AI in Healthcare: A Broad Landscape
The report emphasizes
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Why Nurse Leaders Deserve a Seat at the AI Table
AI is unlocking new possibilities for care delivery. As the frontline guardians of patient care, nurses play a critical role in ensuring AI solutions effectively address healthcare’s most pressing challenges. To fully harness AI’s potential, healthcare organizations must bring nurses, other clinicians and nurse leaders to the decision-making table.
Evaluating the Healthcare Landscape
In the last year alone, healthcare organizations faced over 700 data breaches, a nearly 21% turnover
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Lark Joins CVS Caremark PBM for GLP-1 Obesity Management
What You Should Know:
- Lark Health, a conversational-AI health coaching platform for managing chronic conditions today announced that CVS Caremark clients can now access Lark's suite of coaching programs through CVS Caremark's clinically-vetted digital health solutions platform.
- The offering includes Lark's end-to-end GLP-1 Cost Containment and Obesity Management solution. Lark can customize a holistic program based on specific employer needs, focusing on medical cost savings,
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Rural America Loses Independent Physicians and Practices at Alarming Rate, Report Finds
What You Should Know:
- A new report commissioned by the Physicians Advocacy Institute (PAI) and conducted by Avalere reveals a significant decline in the number of independent physicians and medical practices in rural areas of the United States between January 2019 and January 2024.
- The report raises concerns about reduced access to care, rising costs, and a decline in care quality for rural communities.
Report Background/Methodology
The analysis used data from the
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Gen AI Adoption Surges in Healthcare, Leaders See Potential for Transformation
What You Should Know:
- Generative AI (Gen AI) is rapidly changing the healthcare industry, and a recent McKinsey survey reveals that a large majority of healthcare leaders are actively exploring or implementing this technology.
- The latest survey, conducted in Q4 2024, provides insights into the evolving perspectives and approaches of payers, health systems, and healthcare services and technology (HST) groups.
Widespread Adoption and Implementation
The survey found that 85%
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Mount Sinai Launches AI Small Molecule Drug Discovery Center
What You Should Know:
- The Icahn School of Medicine at Mount Sinai has launched the AI Small Molecule Drug Discovery Center, a pioneering initiative that leverages artificial intelligence (AI) to revolutionize the process of drug development.
- The new center aims to integrate AI with traditional drug discovery methods to identify and design novel small-molecule therapeutics with unprecedented speed and precision.
Accelerating Drug Discovery with AI
Unlike conventional drug
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CareCloud Acquires RevNu Medical Management to Expand Audiology RCM
What You Should Know:
- CareCloud, a provider of practice management, healthcare technology, and AI-driven solutions for medical practices acquires RevNu Medical Management (RevNu), an emerging revenue cycle management (RCM) company specializing in audiology.
- Financial details of the acquisition were not disclosed.
Expanding in the Audiology Market
This acquisition represents a strategic move by CareCloud to expand its presence in the U.S. audiology market. The U.S.
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