What You Should Know:
- The U.S. Department of Veterans Affairs (VA) is taking a major step forward in pain management by expanding its contract with AppliedVR, a provider of immersive therapeutics (ITx) using virtual reality (VR).
- This contract expansion will significantly increase access to RelieVRx®, the first and only FDA-authorized in-home VR treatment for chronic lower back pain (CLBP).\
Continue Use of Virtual Reality for Treating Chronic Low Back Pain
Chronic pain affects
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Absci, PrecisionLife Partner to Develop AI-Enabled Drug Pipeline
What You Should Know:
- Absci, a generative AI drug creation company, and PrecisionLife, a pioneer in computational biology for complex chronic diseases, have announced a powerful partnership to develop a joint portfolio of potential therapeutics.
- This collaboration aims to leverage the strengths of both companies to address unmet medical needs and accelerate drug development.
Combining Expertise for Faster, Precision-Driven Drug Discovery
Key aspects of the partnership
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RPA Adoption: 74% of Hospitals Automate Revenue Cycle Tasks
What You Should Know:
The healthcare revenue cycle is getting a major makeover, driven by a surge in automation and artificial intelligence (AI). A new survey by AKASA, a leading developer of AI-powered revenue cycle automation solutions, reveals that 74% of healthcare organizations are already automating some part of their revenue cycle operations, and 80% of those not currently using it plan to do so by the end of 2025.
The Rise of the Robots
- Automation is no longer a luxury, but a
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Patients Crave Conversational Texting, Frustrated by Simplistic Healthcare Communication
What You Should Know:
- A new survey by Artera, a leader in patient communication technology, reveals a stark disconnect between how healthcare providers communicate and what patients actually want.
- The findings, based on responses from over 2,000 patients, paint a picture of frustration and missed opportunities, with simple phone calls and one-dimensional text messages falling short of patient expectations.
Communication Breakdown
- Nearly half (45%) of patients have missed or
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Cox Health to Implement Epic Enterprise EHR, Replacing Cerner
What You Should Know:
- CoxHealth, a healthcare system in southwest Missouri announced it will implement Epic enterprise EHR across its health system, replacing its long-time Cerner EHR system.
- This strategic move signifies a commitment to delivering the highest standard of care while embracing cutting-edge technology to empower both patients and healthcare professionals.
Unifying Workflows, Streamlining Care
The move to Epic wasn't taken lightly. Following an extensive selection
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Biorithm Secures $3.5M to Revolutionize Connected Maternity Care
What You Should Know:
- Biorithm, a global women's health medtech company, has secured $3.5M in Series A funding to fuel its mission of improving maternal health outcomes and reducing preventable pregnancy complications.
- This investment, co-led by Adaptive Capital Partners and SEEDS Capital, will support Biorithm's expansion in key markets like Southeast Asia and the United States, as well as the advancement of its flagship Femom technology.
Combating Preventable
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Michigan Expands Access to Philips Avent Pregnancy+ App for Medicaid Mothers
What You Should Know:
- Michigan is taking a major step forward in improving maternal and infant health by expanding access to the Philips Avent Pregnancy+ mobile app for Medicaid-eligible families.
- The public-private partnership between the Michigan Department of Health and Human Services (MDHHS) and Royal Philips addresses the U.S. maternal mortality crisis and creates a more equitable healthcare system.
Connecting Families to Resources and Education
The Pregnancy+ app provides
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Gartner Releases Healthcare Supply Chain Top 25 for 2023: Cleveland Clinic Rated #1
What You Should Know:
- The 15th annual Gartner Healthcare Supply Chain Top 25 ranking is out, offering a snapshot of the leading U.S. health systems excelling in this crucial area.
- This year, Cleveland Clinic reigns supreme, showcasing leadership in digital initiatives and environmental, social, and governance (ESG) commitment.
Cleveland Clinic Takes the Top Spot
Cleveland Clinic clinches the top spot in the 2023 ranking, demonstrating leadership in both digital initiatives and
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Nascentia Health Enhances Aging in Place with Biofourmis’ Connected Care Platform
What You Should Know:
- Nascentia Health, a provider of in-home care and insurance services in Central New York, is taking care-at-home to the next level with a strategic partnership with Biofourmis, a global leader in technology-enabled care delivery.
- The strategic collaboration aims to empower older adults to age safely and comfortably in their own homes while reducing unnecessary hospital readmissions and improving overall healthcare outcomes.
Key Benefits of the Partnership
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ARTIS Ventures Closes $200M TechBio Fund to Support Next Era of Health & Medicine Innovation
What You Should Know:
- ARTIS Ventures, a pioneer in this "TechBio" revolution, announces the closing of its second fund, TechBio II, with $200M focused on healthcare and biology innovation.
- The fund aims to support early-stage companies to transform human health and well-being by leveraging growing data sets, advanced analytics, and insights.
TechBio II Investment Thesis
Diseases once deemed incurable now have hope, personalized therapies are becoming a reality, and the human body
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