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Digital Health | News, Analysis, Insights - HIT Consultant

The Continuing Rise of AI in the Healthcare Sector in 2023

by Melissa Powell, COO of Genesis HealthCare 01/11/2023 Leave a Comment

The Continuing Rise of AI in the Healthcare Sector in 2023

The announcement in September 2022 that the health tech company Iodine Software was entering into a partnership with the software platform TruCode “to upend clinical administration using artificial intelligence” serves as one of the more recent reminders of AI’s considerable impact on the healthcare sector. Certainly, it will be felt not just in the administrative realm, but also in the clinical and operational aspects as well. And given the challenges presented by a rapidly aging population,
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90% of Americans Used Telehealth in The Past Year, Survey Finds

by Syed Hamza Sohail 01/11/2023 Leave a Comment

90% of Americans Used Telehealth in The Past Year, Survey Finds

What You Should Know: - Independa, an award-winning TV-based platform providing remote engagement, education and care, recently announced the results of their latest commissioned survey examining behaviors and attitudes of smart TV users and their experiences surrounding telehealth - Results from the November 2022 study found that over 90% of Americans used telehealth services in the last year, and that 90% enjoyed their experience. Some of these services included doctors appointments,
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Exec Hires: Former WebMD Exec Joins ODAIA as New Chief Commercial Officer

by Digital Health Executive Hires 01/11/2023 Leave a Comment

Exec Hires: Former WebMD Exec Joins ODAIA as New Chief Commercial Officer

What You Should Know: - ODAIA, the company empowering pharma’s next generation of engagement with healthcare professionals through predictive analytics announces the appointment of Dr. Eric Trépanier (Pharm.D, CFA) as its new Chief Commercial Officer.  - As Chief Commerical Officer, Trépanier will drive sales of ODAIA’s MAPTUAL Sphere and MAPTUAL Field products, which aim to expand and deepen relationships between physicians and the commercial teams and sales reps at pharma
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Digital Health Funding Reaches $15.3B in 2022 Across 572 Deals, Rock Health Reports

by Syed Hamza Sohail 01/10/2023 Leave a Comment

Digital Health Funding Reaches $15.3B in 2022 Across 572 Deals, Rock Health Reports

What You Should Know: - In a downtrodden market climate, things don’t need to feel doom and gloom, according to Rock Health’s Annual 2022 digital health funding report. 2022 was a necessary reminder that investment is cyclical and that strong players build resilience in weathering funding climate changes. - Analysts expect that 2023 will be built up on slow, steady, and maybe even boring strategies for healthcare startups and enterprises alike: managing cash, restructuring to accommodate
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2022 Healthcare Investment, M&A, IPO Market Trends/Insights

by Syed Hamza Sohail 01/10/2023 Leave a Comment

2022 Healthcare Investment, M&A, IPO Market Highlights/Trends

What You Should Know: - The latest edition of SVB's Healthcare Investments and Exits report provides information on VC fundraising, investments and M&A and IPO trends - along with subsector analysis and video commentary for each. - Healthcare trends indicate US healthcare VC investment was healthy in 2022 despite an economic downturn. There's plenty of dry powder to deploy; however, investments and exits are slowing due to the volatile market. Trends and Insights – Healthcare
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Why ML Monitoring is Essential to AI Success in Healthcare

by Krishnaram Kenthapadi, Chief Scientist at Fiddler AI 01/10/2023 Leave a Comment

Why ML Monitoring is Essential to AI Success in Healthcare

Artificial intelligence (AI) adoption in the healthcare sector has grown significantly over the last decade, with no signs of slowing down. According to a 2021 report from HIMSS, 62% of clinicians are interested in using AI/ML tools.  From front-line workers to back-office staff, every stakeholder in the healthcare continuum can leverage AI technology to enhance healthcare quality. In fact, ML models are already being used to collect and analyze patient data at scale, thereby allowing
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Exec Hires: Former CVS Health Leader Joins Virgin Pulse as Chief Medical Officer

by Executive Hires 01/10/2023 Leave a Comment

Exec Hires: Former CVS Health Leader Joins Virgin Pulse as Chief Medical Officer

What You Should Know: - Virgin Pulse, a global digital-first health, wellbeing, and navigation company, announced that Jeffrey Jacques, MD, has joined the company as Chief Medical Officer. - As chief medical officer at Virgin Pulse, Dr. Jacques will advance the company’s clinical strategy, providing insight and guidance to product and commercial teams. He will also lead the company’s Science Advisory Board, which helps ensure that Virgin Pulse’s technology and the experiences it supports
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6 Executive Health Data Predictions to Watch in 2023

by Fred Pennic 01/09/2023 Leave a Comment

6 Executive Health Data Predictions to Watch in 2023

Kevin Agatstein, CEO at Kaid Health In 2023 I predict that unstructured medical data, which makes up the majority of a patient’s chart, will become too valuable to ignore by both providers and payers. Driven in part by the growth of Medicare Advantage and oncology, both of which require the data within medical notes rather than just claims and labs data, organizations will start to use their unstructured EMR data in entirely new ways. Rob Cohen, CEO at Bamboo Health In today’s
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Monogram Health Secures $375M to Expand In-Home Kidney Care

by Fred Pennic 01/09/2023 Leave a Comment

Monogram Health Secures $375M to Expand In-Home Kidney Care

What You Should Know: - Monogram Health, a Nashville, TN-based kidney disease benefit management and care delivery company announced a $375M growth funding round that will drive the company’s continued rapid expansion as the leading solution for high-quality, in-home care for polychronic patients living with chronic kidney and end-stage renal disease in the U.S. - Investors in the round include CVS Health, Cigna, Humana, Memorial Hermann Health System, SCAN, TPG Capital, Frist Cressey
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Backed by CVS Health, Array Behavioral Care Raises $25M for Virtual Psychiatry/Therapy

by Syed Hamza Sohail 01/09/2023 Leave a Comment

Array Behavioral Care

What You Should Know: - Array Behavioral Care, the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest $25M equity round to further scale modern behavioral healthcare across the continuum, with CVS Health leading the round. Existing investors also joined the round and contributed additional capital. - The financing builds upon a long history between Array and CVS Health and opens doors to new levels of collaboration to expand access to
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