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Digital Health | News, Analysis, Insights - HIT Consultant

Labcorp & Hawthorne Effect Partner to Supercharge Decentralized Clinical Trials

by Fred Pennic 01/11/2024 Leave a Comment

Labcorp & Hawthorne Effect Partner to Supercharge Decentralized Clinical Trials

What You Should Know: - Labcorp, a global leader in innovative laboratory services, and Hawthorne Effect, Inc., a pioneer in technology-driven clinical trial solutions, have announced a groundbreaking partnership to revolutionize clinical trials with a focus on decentralization. - This collaboration aims to unlock unprecedented levels of patient diversity, reduce site burden, and accelerate study timelines for pharmaceutical, biotech, and medical device sponsors. Decentralization: The
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Commons Clinic Launches $100M Center to Disaggregate MSK Care from Hospitals

by Fred Pennic 01/10/2024 Leave a Comment

What You Should Know: - Commons Clinic, a leading value-based physician group transforming musculoskeletal (MSK) care, today announced the launch of the Center for Spine Economics, Outcomes & Research (SEOR). - This landmark initiative marks a $100M commitment over the next decade to revolutionize ambulatory spine care delivery, paving the way for more effective, affordable, and patient-centered treatment. Spine Care in Crisis Millions of Americans suffer from chronic back pain, with many facing unnecessary surgeries and ineffective treatments. The Center for SEOR aims to address this crisis head-on by: - Championing motion preservation: Prioritizing minimally invasive and ultra-minimally invasive procedures, biologic treatments, and non-surgical interventions to protect patient mobility and long-term health. - Deconstructing the "surgery trap": Exposing the prevalence of low-value surgeries, often resulting in "failed back syndrome" and cascading costs. - Advancing evidence-based practices: Leveraging research and data to develop and implement high-value care models, supported by cutting-edge technology and transparent pricing. Center for SEOR’s Five-Pillar Approach The Center for SEOR will operate on five core pillars: 1. Center-of-Excellence for Spinal Restoration: Creating collaborative care teams equipped to deliver optimal results through specialized surgery centers and community clinics. 2. Technology Lab: Fostering innovation in surgical techniques, devices, and applications to improve outcomes and patient experience. 3. Payment Innovation Coalition: Developing new payment models and consumer advocacy policies to incentivize value-based care nationwide. 4. Research Institute: Publishing real-world evidence and open-source data to guide future advancements in spine care. 5. Post-Fellowship Training Program: Equipping the next generation of MSK physicians with the skills and knowledge to lead the future of spine health. "The Center for SEOR will illuminate a path forward," stated Dr. Bae, "equipping physicians with the tools and knowledge they need to move away from outdated hospital models and deliver high-value, patient-centered care," said Drs. Hyun Bae and Sanjay Khurana, Co-Chairs of the CSEOR.

What You Should Know: - Commons Clinic, a leading value-based physician group transforming musculoskeletal (MSK) care, today announced the launch of the Center for Spine Economics, Outcomes & Research (SEOR). - This landmark initiative marks a $100M commitment over the next decade to revolutionize ambulatory spine care delivery, paving the way for more effective, affordable, and patient-centered treatment. Spine Care in Crisis Millions of Americans suffer from chronic back pain,
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Debiopharm and ThinkingNodeLife.ai Partner on AI-Driven Cancer Drug Development

by Jasmine Pennic 01/10/2024 Leave a Comment

Debiopharm and ThinkingNodeLife.ai Partner on AI-Driven Cancer Drug Development

What You Should Know: - Debiopharm, a leading independent biopharmaceutical company, and ThinkingNodeLife.ai (TNL), a pioneer in AI-powered drug discovery, today announced a groundbreaking partnership to propel the development of a cutting-edge cancer drug. - This strategic partnership combines Debiopharm's deep pharmaceutical expertise with TNL's revolutionary AI Digital Cells Lab platform, unlocking new frontiers in cancer treatment innovation. Unlocking the Hidden Potential of a
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Vita Health Secures $22.5M to Combat Suicide and Mental Health Crisis Nationwide

by Syed Hamza Sohail 01/10/2024 Leave a Comment

Vita Health Secures $22.5M to Combat Suicide and Mental Health Crisis Nationwide

What You Should Know: Vita Health, the first provider of clinically validated suicide prevention through innovative care management, announced today the close of a $22.5M Series A funding round.The funding will support the rapid expansion of life-saving services targeting youth and adults nationwide. The Vita behavioral health care pathways are based on the founding team’s successful clinical trials published in JAMA, The American Journal of Psychiatry and thousands of patient encounters
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Deepcell & NVIDIA Partner to Develop Generative AI Models for Single Cell Morphology

by Syed Hamza Sohail 01/10/2024 Leave a Comment

Deepcell & NVIDIA Partner to Develop Generative AI Models for Single Cell Morphology

What You Should Know: Deepcell, a pioneer in artificial intelligence (AI)-powered single cell analysis to fuel deep biological discoveries, today announced a research collaboration with NVIDIA to accelerate the development and adoption of advanced computer vision solutions in life sciences.Deepcell will incorporate NVIDIA AI into its single cell analysis technology, working collaboratively with NVIDIA to codevelop new uses for generative AI and multimodal applications in cell biology. The
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Digital Health Funding Plunges in 2023, Setting Stage for 2024 Reckoning

by Fred Pennic 01/10/2024 Leave a Comment

Digital Health Funding Plunges in 2023, Setting Stage for 2024 Reckoning

What You Should Know: - The year 2023 saw a stark shift in the digital health funding landscape, according to Rock Health’s annual year-end digital health funding report. Gone were the days of exuberant funding rounds and endless optimism. - Instead, we witnessed a contraction, with venture capital drying up and startups scrambling to stay afloat. But amidst the turbulence, there were also signs of resilience, innovation, and a necessary course correction. 2023: A Year of Transition and
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Clinical Trial Payments: Optimizing the Path Forward for Site Payments

by Jim DiCesare, Sr. Director, Study Operations, IQVIA Clinical Trial Payments 01/10/2024 Leave a Comment

Clinical Trial Payments: Optimizing the Path Forward for Site Payments

Escalating competition for clinical trial sites, in tandem with other industry-wide challenges such as changing regulations; a lack of bandwidth and resources; identifying ideal sites and recruiting and retaining patients, are posing significant obstacles for sponsors and site teams within a global study portfolio, particularly in relation to clinical trial payments. Factors such as decentralized clinical trials, inflation and site attrition contribute to inconsistencies and financial confusion,
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Arineta Cardio Imaging Welcomes New CEO Doug Ryan

by Executive Digital Health Hires 01/10/2024 Leave a Comment

Arineta Cardio Imaging Welcomes New CEO Doug Ryan

What You Should Know: - Arineta Cardio Imaging, a pioneer in cutting-edge cardiovascular imaging solutions, has appointed seasoned medical device leader Doug Ryan as its new CEO. - Ryan brings 30 years of expertise in building business infrastructure and crafting market strategies for global healthcare giants, poised to propel Arineta to new heights in the fight against cardiovascular disease. Proven Track Record of Success Prior to joining Arineta, Ryan held pivotal leadership
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Veracyte Acquires C2i Genomics for $70M, Expanding into Minimal Residual Disease Detection

by Fred Pennic 01/09/2024 Leave a Comment

Veracyte Acquires C2i Genomics for $70M, Expanding into Minimal Residual Disease Detection

What You Should Know: - Veracyte, Inc. (Nasdaq: VCYT), a cancer diagnostics company acquires C2i Genomics, Inc., a pioneer in minimal residual disease (MRD) detection. - Under the terms of the agreement, Veracyte will pay $70 million in Veracyte shares at closing, and up to an additional $25 million based on the achievement of future performance milestones over the next two years, payable in Veracyte shares or cash at Veracyte’s election. - This strategic move positions Veracyte to
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XRHealth Secures $6M to Enhance Immersive VR/AR Experiences

by Jasmine Pennic 01/09/2024 Leave a Comment

XRHealth Secures $6M to Enhance Immersive VR/AR Experiences

What You Should Know: - XRHealth, the leading healthcare platform in Spatial Computing, announced today a $6M funding round led by Asabys Partners, with participation from NOVA Prime Fund and XRHealth's existing investors. - This milestone follows the successful merger with Amelia Virtual Care, solidifying XRHealth's position as the largest extended reality (XR) platform encompassing mental, physical, and occupational health. VR/AR Meets Patient Needs XRHealth's platform leverages
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