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Syed Hamza Sohail

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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New AI ECG Algorithm Beats Standard Approaches for Detecting Heart Attacks

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

New AI ECG Algorithm Beats Standard Approaches for Detecting Heart Attacks

What You Should Know: A new machine learning model uses electrocardiogram (ECG) readings to diagnose and classify heart attacks faster and more accurately than current approaches, according to a study led by University of Pittsburgh researchers that published today in Nature Medicine.The model was developed by co-author Ervin Sejdić, Ph.D., associate professor at The Edward S. Rogers Department of Electrical and Computer Engineering at the University of Toronto and the Research
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Verana Health Launches RWE-Driven Solution for Clinical Trial Site Selection

by Syed Hamza Sohail 06/22/2023 Leave a Comment

Verana Health Launches RWE-Driven Solution for Clinical Trial Site Selection

What You Should Know: Verana Health®—a digital health company elevating quality in real-world data (RWD)—today announced the launch of VeraSite, a solution for identifying potential clinical trial sites.The new subscription-based tool offers clinical trial sponsors and contract research organizations (CROs) a secure way to quickly identify practices with clinical expertise and potential patient populations matched to unique study protocols. This data can guide site selection, ensuring
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Zocdoc Integrates With Elation Health for Seamless Online Schedule

by Syed Hamza Sohail 06/22/2023 Leave a Comment

ZocDoc Integrates With Elation Health for Seamless Online Schedule

What You Should Know: Zocdoc, a healthcare marketplace that makes it easy to find and book in-person or virtual care across over 250 specialties and more than 18,000 insurance plans, today announced its partnership with Elation Health, the clinical-first healthcare technology company powering innovation in primary care. Now, any healthcare provider or practice using the Elation EHR can seamlessly integrate its calendar with Zocdoc to automatically surface their real-time appointment
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New Generative AI App Measures Vital Signs Through A Selfie

by Syed Hamza Sohail 06/20/2023 Leave a Comment

New Generative AI App Measures Vital Signs Through A Selfie

What You Should Know: Dr. Renee Dua and Nick Desai — who previously founded and built visionary doctor house call company Heal — today introduced Together by Renee, the first app to use generative AI to complete and manage cumbersome healthcare tasks for aging adults, those with chronic diseases and their overwhelmed caregivers.Together requires no typing or data entry and uses just the smartphone camera and AI to “magically” remove the myriad obstacles — such as medication refills,
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Pathology: Mindpeak, Proscia Partner To Improve Cancer Diagnosis

by Syed Hamza Sohail 06/20/2023 Leave a Comment

Pathology: Mindpeak, Proscia Partner To Improve Cancer Diagnosis

What You Should Know: Mindpeak, a leading provider of artificial intelligence (AI) for pathology, and Proscia®, a leading provider of digital and computational pathology solutions, have announced a partnership to broaden access to improved diagnosis for cancer patients.Through the collaboration, the companies lay the foundation for delivering tightly integrated AI-powered workflows that enable pathologists to provide more efficient, informed, and reproducible clinical
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Top 4 Clinical Data Ingestion Challenges for Provider Execs

by Syed Hamza Sohail 06/16/2023 Leave a Comment

Top 4 Clinical Data Ingestion Challenges for Provider Execs

What You Should Know: Redox, a provider of healthcare interoperability – recently partnered with Sage Growth Partners to survey executives and technology decision-makers from over 100 large academic medical centers and multi-hospital health systems.The survey uncovered strategic cloud investment priorities for large healthcare organizations, including current and future use cases and desired business outcomes for cloud technology, as well as roadblocks to realizing those outcomes at scale.
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