The healthcare sector is rapidly adopting AI to help improve disease detection and patient care along with delivering efficiency gains. The technology’s potential is fueling an array of investments and innovations in everything from cancer diagnosis to AI nurses. With respect to AI nurses, many believe this application is the only way to ease the industry's staffing shortages.
With the nursing labor gap expected to exceed 10 million by 2030, coupled with the imperative to improve
Read More
Digital Health | News, Analysis, Insights - HIT Consultant
Walmart Seeks Buyers for Shuttered Health Clinics After Failed Expansion
What You Should Know:
- Retail giant Walmart is reportedly shopping around a potential sale of its recently closed health centers, according to a recent Fortune report citing unnamed sources.
- The news comes just a few months after Walmart announced the closure of all 51 of its health clinics in late April.
Financial Losses Prompt Sale
The report claims Walmart has held talks with health insurance companies, including Humana, with the goal of recouping some of the
Read More
AI Ushers in New Era of Global Healthcare Equity and Efficiency
What You Should Know:
- The global healthcare landscape is undergoing a transformative shift. Digital innovation, particularly the integration of Artificial Intelligence (AI), is emerging as a powerful tool to improve access, quality, and affordability of healthcare worldwide.
- A recent white paper by the World Economic Forum, in collaboration with leading organizations, highlights the exciting potential of AI in social innovation, specifically within healthcare. The report
Read More
Could Amazon or Google Hold the Key to the Future of Public Health Diagnostics?
Anyone who works in medical technology knows that the industry is currently focused obsessively on two prime targets – maximizing the availability of self-testing and playing its part in the common goal of achieving net zero. To those can now be added a third priority – attempting to find a way to make those twin targets mutually achievable rather than, what seems increasingly to be the case, of them canceling each other out. In the evolving landscape of MedTech, biotech, and life sciences, the
Read More
Prescribe FIT Scores $4.8M to Expand Remote Patient Monitoring for Orthopedic Care
What You Should Know:
- Prescribe FIT, a leader in remote patient monitoring (RPM) and virtual lifestyle coaching for musculoskeletal health secures $4.8M in Series A funding. The funding round includes investments from prominent figures in the healthcare and business sectors, including Jim Grote, Tamarind Hill, JobsOhio Growth Capital, seasoned executives, and orthopedic surgeons.
- The investment will fuel the company's mission to improve patient outcomes and well-being
Read More
Former Outcome Health Execs Sentenced in $1B Fraud Scheme
What You Should Know:
- Three former executives of Outcome Health, a Chicago-based health tech startup, were sentenced for their roles in a massive fraud scheme that defrauded clients, lenders, and investors of an estimated $1B.
- The case was investigated by the FBI and FDIC-OIG with assistance from the U.S. Securities and Exchange Commission. The prosecution was handled by the Department of Justice's Criminal Division's Fraud Section and the U.S. Attorney's Office for the Northern
Read More
K Health Secures $50M for AI Primary Care Platform
What You Should Know:
- K Health, a leader in AI-driven primary care raises $50M in funding led by Claure Group with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP.
- With this new funding, K Health is poised to further scale its AI platform and expand its reach. The company's innovative approach has the potential to transform the primary
Read More
Biopharma at a Crossroads: AI Offers Key to R&D Reinvention
What You Should Know:
- A new report by Accenture, "Reinventing R&D in the Age of AI," paints a clear picture: the biopharmaceutical industry stands at a critical juncture. Companies that embrace intelligent technologies like AI and machine learning are poised to become the future's leaders, while those clinging to outdated methods risk falling behind.
- Accenture's report serves as a roadmap, offering valuable insights and practical steps for companies ready to embrace the
Read More
M&A: Alcon Acquires BELKIN Vision for $81M
What You Should Know:
- Alcon (SIX/NYSE: ALC), a company in eye care, announced today the completion of its acquisition of BELKIN Vision for a total of $81M. This strategic move strengthens Alcon's position in the glaucoma treatment landscape.
- By acquiring BELKIN Vision's DSLT technology, Alcon expands its treatment options for glaucoma patients. This minimally invasive procedure offers a new tool for physicians, with the potential to improve patient care and outcomes. With planned
Read More
How Healthcare Automation Is Enhancing a Patient’s Diagnostic Testing Experience
With the influx of technology, the healthcare industry has experienced tremendous change over the years. More and more healthcare facilities are investing in innovative tools that can help automate and significantly improve a patient’s diagnostic testing experience. In this article, let’s explore the myriad benefits of healthcare automation and how it has revolutionized the diagnostic testing process and made it a positive patient experience.
Efficient Scheduling
With the
Read More
