What You Should Know:
- Health systems are increasingly working to get the most out of their IT investments. Focusing on a strong implementation can have a huge impact. Analysis of KLAS data gathered from 2018–2022 suggests that the quality of implementations may be more important than the technology selected.
- The data primarily focuses on solutions that require complex, large-scale implementations (e.g., acute care EMRs, ERP solutions, patient accounting systems, and PACS solutions).
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Merck Invests in Gesund, Launches Medical AI Platform on AWS
What You Should Know:
- Gesund, the company ensuring that medical artificial intelligence (AI) is safe and effective for all, today announced the securing of a strategic investment from Merck as well as a launch of a new commercial platform on Amazon Web Services Marketplace.
- While terms of the investment are not being disclosed, the news signals support for the company's approach as it launches a first of its kind commercial platform on Amazon Web Services Marketplace, immediately
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Ukraine Soldiers Get Prosthetics and Care From 5K Miles Away
What You Should Know:
- Protez Foundation, the non-profit helping Ukrainian children, soldiers and civilians who have lost their limbs during the war to get free quality prosthetics in the US, today announced they have partnered with OneStep, an innovative platform for digital physical therapy using pioneering science that turns any smartphone into a clinical-grade motion analysis lab, to provide remote care for their patients.
- Protez Foundation is committed to helping
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Healthcare Executives Are Burned Out; Here’s What to Do About It
What You Should Know:
- In the summer of 2022, WittKieffer emailed an online survey to thousands of healthcare C-suite executives of a range of titles at leading hospitals, health systems, academic medical centers, medical groups and other provider organizations. The survey asked questions about feelings of burnout in leaders’ lives and at work as well as the professional impact of the global pandemic.
- A total of 233 healthcare executives, including 63 CEOs, completed the survey. Of
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PwC’s Health Services 2023 Deals Outlook – Volume Remains Resilient Against Headwinds
What You Should Know:
- While megadeals, trading multiples and overall deal values in the health services sector have not been immune to interest rate hikes and recessionary fears, PwC’s 2023 Health Services Deals Outlook report released recently forecasts a strong year ahead.
- Increasing transaction volumes and players embracing value-based care—coupled with large levels of corporate cash and private equity dry powder—are leading to continued expansion for deal volumes in 2023.
Trends
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59% of Employees Would Rather Speak To An App About Their Mental Health
What You Should Know:
- In October 2022, Wysa commissioned an independent survey of over 1000 American employees to get an in-depth look at the urgent state of mental health post-COVID. The results are staggering.
- There are serious debilitating mental health concerns that our workforces are silently struggling with, leading to impacted individual self-confidence and self-perception about their abilities and identity at work, which further leads to perceived low self-efficacy, leading to
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IT/Security Leaders Can No Longer Rely Solely on Perimeter Security
What You Should Know:
- Imprivata, the digital identity company for life- and mission-critical industries, today released new research that reveals over 91% of security leaders agree they can no longer rely solely on perimeter security to combat and respond to cyber threats, with 99% having experienced a cyberattack in the past year.
- The report outlines how healthcare, finance, manufacturing, pharmaceutical, and biotech organizations are approaching cyber and privacy
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Patient Financial Experience: 40% of Americans Confused by Medical Bills
What You Should Know:
- AKASA™, a developer of AI for healthcare operations, released findings from a new survey conducted on its behalf by YouGov.
- The survey findings highlight uncertainty looms among patients about what is included in a bill and if they can pay - two factors that drive the most confusion on medical bills. However, there are strategies healthcare organizations can take to be proactive and prevent billing surprises from trickling down to patients.
Understanding
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Pangea Biomed Adds $5M for its Multi-Cancer Response Predictor
What You Should Know:
- Pangea Biomed, the biotech company behind ENLIGHT, the multi-cancer response predictor improving the effectiveness of precision oncology, announced $5M in additional funding reaching a total seed round of $12M.
- The latest fundraising is led by angel investor Danny Tocatly and existing investor NFX, and will be used to expand US operations, drive commercial partnerships, and scale product offerings.
Expanding US Operations and Fostering Commercial
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83% of Patients Provided Duplicate Health Info at a Doctor’s Office
What You Should Know:
- New data from Carta Healthcare shows 83% of patients have had to provide the same health information or duplicate health information at a doctor’s office. 42% of Americans spend six minutes or more recounting past medical history at their doctor’s appointments due to a lack of integrated data processes.
- This data reveals the direct impacts of inefficient data collection within the healthcare system on patients as doctors are spending too much time inputting
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