What You Should Know: - Inato, a technology platform that connects pharma companies (trial sponsors) with community-based trial sites raises $20M in new funding (A2) led by Cathay Innovation with participation from existing investor Obvious Ventures and new investors La Maison and Top Harvest Capital. Inato works with many of the top 30 pharmaceutical companies worldwide to make clinical trials more inclusive. - The new funding will fuel Inato’s continued product innovation, international
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Digital Health | News, Analysis, Insights - HIT Consultant
Telehealth Utilization Declined 76% Nationally from 2020 to 2021
What You Should Know: - From 2020 to 2021, telehealth utilization declined 76 percent nationally while, during that same period, retail clinic utilization increased 51 percent nationally. - Retail clinic growth had the greatest increase among all alternative places of service studied—retail clinics, urgent care centers, telehealth and ambulatory surgery centers (ASCs)—as well as emergency rooms (ERs), in a new FAIR Health white paper containing the sixth annual edition of
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CareRev Expands Flexible Healthcare Staffing into Delaware
What You Should Know: CareRev, a technology platform reimagining healthcare staffing by connecting hospitals and health systems with local nurses and other healthcare professionals for daily shifts, announced its expansion into Delaware with a partnership with Beebe Healthcare.Beebe will utilize CareRev’s technology to identify and hire qualified local Delaware talent to support their full-time hospital staff and ultimately improve patient safety and outcomes. Staffing managers at Beebe
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Exec Hires: Elucid Appoints Andrew Miller as CTO
What You Should Know: - Elucid, Inc., a medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease, has hired Andrew Miller as its chief technology officer (CTO). - As CTO, Andrew will lead the technology strategy and oversee the engineering team’s execution. Elucid’s software is the only FDA-cleared non-invasive tool able to accurately characterize arterial plaque, simulating what pathologists would see under a microscope and
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Zorro Launches with $11.5M to Revolutionize Employee Health Benefits
What You Should Know: - Zorro, a digital health company optimizing the health benefits experience for employees, employers and brokers, announced its launch out of stealth with $11.5M seed funding round co-led by Pitango and 10D. - The process of offering employee benefits is complicated, opaque and burdensome. For employers and brokers, offering benefits often results in unpredictable budgets, endless administration, and a distraction from the core business. For employees, health
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DW Healthcare Partners Closes $210M Fund to Invest in Healthcare Companies
What You Should Know: - DW Healthcare Partners (“DWHP”), a healthcare-focused private equity firm, announced the closing of DW Healthcare Partners Small Cap, L.P. (“Founders Fund”), a $210M fund focused on lower middle market healthcare investments. This new fund brings DWHP’s total capital under management to USD $1.3 billion. - The Founders Fund will invest in companies that are $3M to 6M EBITDA. The fund currently has two investments: TubeWriter and DermLite.
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5 AI-Driven Healthcare Trends and Solutions in 2023
Enterprise-level healthcare is a massive business sector with seemingly infinite moving parts. With patients’ lives at stake, liability is huge, leaving little room for error. Yet human error is common in healthcare, and minor mistakes can cost millions in legal fees and lawsuits, not to mention risks to patient health. Healthcare enterprises are quickly embracing artificial intelligence solutions to mitigate loss, streamline operations, improve efficiency, and enhance customer
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Exploring The Value of Metaverse Use Cases in Life Sciences
What once seemed like science fiction, interacting with people across the world has become the new normal. While we have become increasingly accustomed to video calls and instant communication in recent years, forays into virtual worlds and extended realities are still relatively novel. In a post-Covid world, it seems strange to think that video conferences and calls were not the norm only three years ago. But the value created by virtual interactions during the last several years has
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Exec Hires: Trusted Health Appoints Sue Nallapeta as CTO
What You Should Know: - Trusted Health, the leading career marketplace for healthcare professionals announced the appointment of Sue Nallapeta as its new Chief Technology Officer. Nallapeta is the fourth woman to join Trusted as a C-level executive in the last year, and eighty percent of the company’s senior leadership is now women. - Nallapeta is a seasoned engineering leader with more than 15 years of experience leading teams across a variety of consumer-facing
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Survey Reveals Accelerating Use of AI to Overcome Workforce Challenges
What You Should Know: - Given the severity of labor shortages and staffing constraints facing health systems nationwide, C-suite executives are turning to artificial intelligence (AI) to fill gaps and improve productivity, according to a recent survey conducted by The Health Management Academy (The Academy) with support from Outbound AI. - Almost half of executives (47.5%) report their health system is currently using AI solutions for the workforce, while all others
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