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Syed Hamza Sohail

French FemTech Startup Sonio Raises $14M for Augmented Prenatal Ultrasounds

by Syed Hamza Sohail 07/11/2023 Leave a Comment

French FemTech Startup Sonio Raises $14M for Augmented Prenatal Ultrasounds

What You Should Know: Sonio, a French medtech specializing in pregnant people and children's health raises $14M following the initial commitment of the EIC Fund (European Innovation Council) last December. This round is led by Cross Border Impact Ventures, a North American impact fund dedicated to the health of women and children, and the Elaia funds, French Tech Seed managed on behalf of the State by Bpifrance in the framework of France 2030, OneRagtime, as well as business angels very
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Digital Health Funding Reaches $6.1B in First Half of 2023

by Syed Hamza Sohail 07/10/2023 Leave a Comment

Digital Health Funding Reaches $6.1B in First Half of 2023

What You Should Know: Digital health funding in H1 2023 shows fewer deals, lower check sizes, and a smaller cohort of sector investors, according to the latest Rock Health report. Founders, investors, and healthcare innovators are adjusting to the new status quo, with some startups pursuing unlabelled raises, seasoned investors looking for the next big startups, and companies making decisions to sunset their businesses while their assets may continue as acquisitions or relaunched
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UPMC Researchers Create Algorithm that Accurately Identifies High-Risk Surgical Patients

by Syed Hamza Sohail 07/10/2023 Leave a Comment

UPMC Researchers Create Algorithm that Accurately Identifies High-Risk Surgical Patients

What You Should Know: Researchers and physicians at the University of Pittsburgh and UPMC used machine learning to create and deploy an accurate and flexible model for predicting patients at high-risk for complications after surgery, according to a new study published recently in JAMA Network Open.Before the COVID-19 pandemic, the third leading cause of death globally was complications 30 days after surgery, killing about 4.2 million people each year. Identifying patients who are at
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RCM: Average Length of Clinical Notes Continues to Increase

by Syed Hamza Sohail 07/07/2023 Leave a Comment

RCM: Average Length of Clinical Notes Continues to Increase

What You Should Know: In 2021, the Centers for Medicare and Medicaid Services (CMS) implemented changes to evaluation and management (E/M) CPT billing codes aimed to reduce the administrative documentation burden on providers.Epic Research just came out with a new study that shows the average length of clinical notes has continued to increase over the last three years. Understanding Why Clinical Notes Remain ‘Bloated’ The study evaluated 1.7 billion clinical notes written by 166,318
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Northwell Health and Nebraska Medicine Deploys Laudio’s AI Workflow Solution

by Syed Hamza Sohail 07/06/2023 Leave a Comment

Northwell Health and Nebraska Medicine Deploys Laudio’s AI Workflow Solution

What You Should Know: Laudio, the management solution for healthcare, today announced partnerships with new health systems including Northwell Health and Nebraska Medicine.This rollout will add more than 15,000 frontline leaders across clinical and operation functions to the Laudio platform, empowering them to do the best work of their lives, all while improving retention, labor productivity, service, quality, and safety. AI-Driven Partnerships Focused on Improving Healthcare
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Innovaccer, Arcadia, Epic Named Most Considered Population Health Vendors

by Syed Hamza Sohail 07/06/2023 Leave a Comment

Innovaccer, Arcadia, Epic Named Most Considered Population Health Vendors

What You Should Know: As more healthcare organizations start to leverage population health management (PHM) technology in their journey toward offering value-based care, they are sometimes uncertain about how well vendors can fulfill their unique needs, as PHM programs vary in breadth and complexity.A new KLAS report provides an overview of several PHM offerings to help readers understand (1) what types of organizations typically use the solutions, (2) what the customer experience
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Health Systems Lose $3.1B in Physical Therapy Revenue

by Syed Hamza Sohail 06/30/2023 Leave a Comment

What You Should Know: - Health systems lose an estimated $3.1 billion in revenue from physical therapy referral leakage across the 3.9 million commercially insured patients studied in a new national report by Luna, the leading provider of in-home, in-person physical therapy. - In the report based on 2022 national data, 60% of patients referred to physical therapy by their health system opted for a local clinic provider, equating to a loss of $2,000-$3,000 per patient. Analysing the Burden of Physical Therapy Referral Leakage Referral leakage is greatly influenced by the preferences of patients, as they often opt for alternative care options due to convenience and proximity. For instance, many patients prefer not to travel beyond 2-3 miles to receive healthcare services. Additionally, the limited availability of services within health systems compels some patients to seek out more accessible providers near their homes. With a staggering number of over 38,000 clinics spread across the country, patients have a wide range of options for physical therapy. This extensive geographic coverage allows patients to receive care in closer proximity to their residences, leading to substantial competition that can negatively impact health systems. “Referral leakage is deeply worrying for health systems, and investing in costly additional locations is not the answer. Health systems need to find creative, innovative solutions to survive, post-pandemic. Offering outpatient physical therapy direct to a patient’s home is a truly advantageous strategy. It expands patient access and geographic coverage, enhances patient satisfaction, and standardizes patient care,” said Palak Shah, co-founder and head of clinical services at Luna. Leading health systems such as Providence, Emory Healthcare, Intermountain Healthcare, UCLA Health and Scripps Health have partnered with Luna to offer outpatient physical therapy in the convenience of a patient’s home.

What You Should Know: Health systems lose an estimated $3.1 billion in revenue from physical therapy referral leakage across the 3.9 million commercially insured patients studied in a new national report by Luna, the leading provider of in-home, in-person physical therapy.In the report based on 2022 national data, 60% of patients referred to physical therapy by their health system opted for a local clinic provider, equating to a loss of $2,000-$3,000 per patient. Analysing the Burden
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Dandelion Health Launches Pilot to Evaluate Healthcare Algorithm Bias & Equity

by Syed Hamza Sohail 06/30/2023 Leave a Comment

Dandelion Health Launches Pilot to Evaluate Healthcare Algorithm Bias & Equity

What You Should Know: Dandelion Health, Inc., a startup offering a healthcare data platform that specializes in artificial intelligence and precision analytics, announced today the launch of a new public service to rigorously evaluate the performance, fairness and equity of health algorithms.The pilot program will focus on algorithms that make predictions for cardiology, using electrocardiogram waveforms, and measure their performance and bias across key racial, ethnic and geographic
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Alfie Health Raises $2.1M for AI-Powered, Virtual Obesity Clinic

by Syed Hamza Sohail 06/29/2023 Leave a Comment

Alfie Health Raises $2.1M for AI-Powered, Virtual Obesity Clinic

What You Should Know: With 42 percent of Americans now struggling with obesity, doctors and their patients are looking for a sustainable approach to weight loss. Currently, prescription medications known as the GLP-1 class of anti-obesity medications (such as Ozempic, Wegovy, Mounjaro, etc.) are becoming extremely popular as a way to lose 10-15 percent of body weight on average. However, these drugs can come with significant issues and downsides.Now a new virtual clinic for patients with
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Iodine Software, OpenAI Partner to Resolve Revenue Leakage

by Syed Hamza Sohail 06/29/2023 Leave a Comment

Iodine Software, OpenAI Partner to Resolve Revenue Leakage

What You Should Know: Iodine Software, a pioneer in healthcare AI technology, today announced an expanded relationship withOpenAI, an AI research and development company.As part of this collaboration, Iodine will gain access to OpenAI’s cutting edge artificial intelligence technologies, including its powerful language model GPT-4. AI-Driven Clinical Automation Tools Iodine Software has a deep-rooted history in AI technology, having developed sophisticated, industry leading
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