What You Should Know:
The Consumer Health Division of Bayer announced this week it has launched a Precision Health business unit focused on developing new products across its range of everyday health categories. The new unit will consist of multiple business units and diverse leaders prioritize developing products that enable people to take greater control of their own personal health through digital solutions that facilitate more informed choices based on personal insights and novel
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Eversense E3 CGM for Diabetes Now Covered by UnitedHealthcare
What You Should Know:
UnitedHealthcare, the largest health insurance company in the United States, will begin providing coverage for the Eversense E3, a Continuous Glucose Monitoring (CGM) System effective July 1, 2023 for people with type 1 and insulin-requiring type 2 diabetes.Eversense, brought to people with diabetes by Ascensia Diabetes Care, is a CGM System indicated for continually measuring glucose levels in persons age 18 years and older with diabetes for up to 6 months. The system
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Strive Health Secures $166M to Expand Value-Based Kidney Care Platform
What You Should Know:
Strive Health, a Denver-based provider of value-based kidney care today announced it has raised $166M in Series C funding led by NEA alongside five new investors, including large strategic investor CVS Health Venture.The company will use the new funds to grow and scale the business by expanding into new markets, investing in its existing payor, health system, nephrologist and medical group partnerships and refining its clinical value-based care model. Strive will
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AI in Drug Discovery Market to Reach $4B by 2027
What You Should Know:
The AI in Drug Discovery market in terms of revenue was estimated to be worth $600M in 2022 and is poised to reach $4B by 2027, growing at a CAGR of 45.7% from 2022 to 2027 according to a new report published by MarketsandMarkets™. The report cites the growing need to curb the drug discovery cost & reduce the overall time taken in this process, the rising adoption of cloud-based applications and services, and the impending patent expiry of blockbuster
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DiagnaMed Launches Generative AI Brain Health Solution
What You Should Know:
DiagnaMed, a generative AI healthcare solutions company launches PalGPT.ai, a generative AI brain health solution powered by OpenAI's ChatGPT for people seeking an AI companion to have meaningful private conversations, friendly advice and share inner thoughts.PalGPT.ai is the Company’s second commercial product from its Health GenAI division, which is focused on the development and commercialization of a suite of generative AI ready-made and customizable applications to
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HHS, Advantus Health Partners Sign $1.2B Patient Experience Partnership
What You Should Know:
Advantus Health Partners and HHS announced an eight-year, $1.2 billion agreement designed to provide optimized productivity and expanded analytics capabilities that contribute to a high-quality and consistent patient experience.HHS serves 750+ customers worldwide and offers multiple services, including housekeeping, food, facilities, patient transport, healthcare technology management, and linen and laundry management.This strategic collaboration allows Advantus to bring
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Vanderbilt University Medical Center Taps Philips to Reduce Carbon Footprint
What You Should Know:
Vanderbilt University Medical Center (VUMC) and Philips announced a collaboration to reduce the health system’s carbon footprint with a project focused on measuring and addressing energy consumption in the radiology department. Radiology is an especially high contributor to the CO2 emissions responsible for climate change with its heavy energy, equipment, and supply usage. Philips and VUMC will analyze radiology energy consumption data from VUMC’s diagnostic imaging
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Mastercard, HealthLock Partner to Protect Against Medical Fraud
What You Should Know:
Mastercard and HealthLock have partnered to offer millions of Americans help in protecting themselves against medical bill fraud, claim errors and overcharges. HealthLock’s platform helps consumers audit every single medical insurance claim and keep them organized through a user-friendly dashboard.The partnership will initially open HealthLock’s analytics-backed healthcare services to millions of US-issued HSA and FSA Mastercard cards, with plans to expand to other
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Included Health Launches Virtual-to-Home, Care Model
What You Should Know:
Included Health announced a new partnership with a national provider of high acuity and complex in-home care, DispatchHealth to launch a new virtual-to-home, care model.Included Health and DispatchHealth will supplement care that begins online with on-demand, in-home support. This augmented offering will activate the home as a setting to treat everything from common to complex injuries, illnesses and disease, and offers great promise when it comes to reducing
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M&A: ArisGlobal Acquires SPORIFY to Expand Regulatory Solutions
What You Should Know:
ArisGlobal, a provider of life sciences software acquires SPORIFY, the trusted substances, products, organizations and referentials (SPOR) data harmonization technology solution for five of the world’s top 20 largest pharmaceutical companies. Financial details of the acquisition were not disclosed.With its second acquisition in the last 90 days, ArisGlobal is prioritizing the development of an open architecture that enables an interconnected life sciences ecosystem.The
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