What You Should Know: - A new report, “Private Equity Firms Rebrand Prison Healthcare Companies, But Care Issues Continue,” by the Private Equity Stakeholder Project (PESP) focuses on healthcare company Wellpath and the regulatory risks that the company continues to take in local jails and prisons. - Wellpath is owned by private equity firm H.I.G. Capital and is among the largest healthcare companies serving U.S. prisons and jails. Wellpath has had a litany of staffing and access to
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Syed Hamza Sohail
Improving Patient Access to Med Services Named Top Priority for Health Systems
What You Should Know: - Improving patient access to medical services remains a top priority for U.S. health systems as they grapple with economic uncertainty and the continued impact of the COVID-19 pandemic, which has altered patient behavior, according to a new report from the Center for Connected Medicine (CCM) and KLAS Research. - To address the challenge, health systems are investing in telehealth technology, patient portals and other digital tools, updating their organizational
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Lumen Raises $62M for Handheld Device to Measure Metabolic Health
What You Should Know: - Lumen, the metabolic health company behind the first handheld device to measure your metabolism through the breath, today announced that it has raised $62M in a series B funding round led by Pitango Venture Capital. - Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital, and Disruptive VC. World’s Largest Platform For Measuring Metabolism To Expand Business Growth and Research Lumen helps
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UCLA Spinout PictorLabs Launches with $18.8M to Revolutionize Histopathology
What You Should Know: - PictorLabs launches with more than $18M in financing to advance an AI-powered virtual staining platform to revolutionize histopathology, an area that has seen little change in over a century and is essential for clinical research and patient diagnoses. Investors include M Venture (Merck's corporate VC arm), SSC Soft Computer, and Koç Holding. - Spun out of UCLA, PictorLabs replaces complex chemical-based tissue staining processes (which are time-consuming to
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KLAS: State of Value-Based Care Reimbursement in 2022 Trends
What You Should Know: - Value-based care (VBC) has been established as a priority among healthcare organizations and payers as participants have gained more experience in managing their quality metrics and contracts, ultimately realizing returns on their investments. - For their latest report, Value-Based Care Reimbursement 2022, KLAS talked to 54 healthcare executives—including CEOs, CFOs, CIOs, CMIOs, COOs, VPs and directors of population health, and VPs of analytics—to gauge how
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Nectin Therapeutics Raises $25M for Immuno-Oncology Therapies
What You Should Know: - Nectin Therapeutics Ltd., (Nectin) a biotechnology company developing novel targeted immunotherapies to address resistance to approved immune-oncology treatments, announced it has extended its Series A financing to over $25 million. IBF and Peregrine Ventures led the round, with participation from aMoon Fund and other existing investors. - The funding will be used to support the ongoing clinical evaluation of NTX1088, and to further advance the company’s pipeline of
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Summer Health Launches Messaging-Based Pediatric Care to Combat the RSV, Flu, and COVID Tripledemic
What You Should Know: - Summer Health, the first text-based pediatric care provider designed to offer parents support, prescriptions, and referrals within just 15 minutes, today launched free trials to combat the U.S. tripledemic plagued by the rise of RSV, Flu, and COVID cases amongst children. - Amid a growing pediatric-care crisis that has caused an overflow in emergency rooms and doctor’s offices across the country, Summer Health aims to help relieve the overwhelming burden and be the
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RNSA22: Couchbase on AWS Enables Arthrex to Improve Patient Outcomes with IoT Data
What You Should Know: - Couchbase, Inc., the cloud database platform company, today announced that Arthrex, a global leader in minimally invasive surgical technology, selected Couchbase on Amazon Web Services (AWS) to improve patient outcomes. - Embedded in the Arthrex Synergy product family, Couchbase is used in customer hospitals and operating rooms to manage the capture, sync and storage of patient data, surgical data and media metadata, including captured images and videos from Arthrex
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RNSA22: NVIDIA Partners With NHS Trusts to Deploy AI Platform in UK Hospitals
What You Should Know: - A consortium of 10 National Health Service Trusts — the publicly funded healthcare system in England — is now deploying the MONAI-based AIDE platform across four of its hospitals, providing artificial intelligence (AI)-enabled disease-detection tools to healthcare professionals serving 5 million patients a year. - AIDE, short for AI Deployment Engine, is expected to be rolled out next year across 11 NHS hospitals serving 18 million patients, bringing AI
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Provider Burnout Has Leveled Out in 2022; Staffing Shortages Rises, KLAS Reports
What You Should Know: - Value-based care (VBC) has been established as a priority among healthcare organizations and payers as participants have gained more experience in managing their quality metrics and contracts, ultimately realizing returns on their investments. - For their latest report, KLAS talked to 54 healthcare executives—including CEOs, CFOs, CIOs, CMIOs, COOs, VPs and directors of population health, and VPs of analytics—to gauge how they are moving beyond
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