While most technology- and innovation-oriented industries have followed the general principles of Moore’s Law, which holds that computing power would double yearly, while costs were cut in half, the life sciences industry appears to be spending more money developing fewer drugs.
According to the latest data, the cost to take a drug candidate from the discovery stage, all the way to market launch, hit $2.3 billion in 2022—a $298 million rise from 2021. Meanwhile, there were
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Digital Health | News, Analysis, Insights - HIT Consultant
VA Award Medtronic Contract to Deploy AI-Powered Endoscopy Units Nationwide
What You Should Know:
- Medtronic today announced that the U.S. Department of Veterans Affairs (VA) has awarded a three-year contract for the deployment of nearly 100 additional GI Genius™ AI-powered endoscopy units across VA medical centers nationwide.
- The expansion aims to provide veterans with access to state-of-the-art colorectal cancer screening technology.
Improving Colorectal Cancer Screening for Veterans
Colorectal cancer is a significant health concern,
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Siemens Healthineers and Ohio State Wexner Medical Center Forge $105M Value Partnership
What You Should Know:
- Siemens Healthineers and The Ohio State Wexner Medical Center have expanded their long-standing collaboration to establish a 10-year, $105M Value Partnership.
- The strategic alliance aims to drive innovation in medical imaging, artificial intelligence (AI), and machine learning, ultimately transforming care delivery and improving patient outcomes.
Accelerating Innovation in Healthcare
The partnership will leverage Siemens Healthineers' expertise
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Cofactor AI Nabs $4M to Combat Hospital Claim Denials with AI
What You Should Know:
- Hospitals across the country are facing an ever-increasing onslaught of claims denials from insurance companies, with denials up 20.2% in 2023, according to the American Hospital Association. These denials – triggered by AI and often error-prone – cost hospitals $20 billion a year in administrative bloat and reduce patients’ access to quality care.
- To help hospitals fight back, Cofactor AI today introduced a new first-of-its-kind AI-powered
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Arrowhead EMS Association Awarded $5M Grant to Deploy EMS Telemedicine Services
What You Should Know:
- The Arrowhead EMS Association has been awarded a $5 million grant from the U.S. Department of Transportation's Safe Streets and Roads for All (SS4A) Program.
- The funding will support the NorthEast Advancement of Rural and Remote Emergency Medical Services (NEARR-EMS) program, an initiative to improve and expedite post-crash care in rural communities and tribal areas of Northeast Minnesota.
Telemedicine to Enhance Rural EMS
The NEARR-EMS
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Smartphone AI Facial Scans May Help Detect Sleep Disorders, Stanford Study Finds
What You Should Know:
- Researchers at Stanford University, in collaboration with SoundHealth, have conducted a pioneering study exploring the use of smartphone facial scans and AI to analyze facial structures linked to sleep disorders.
- The approach offers the potential for earlier and more accessible screening of conditions like insomnia and obstructive sleep apnea (OSA).
Non-invasive Screening with Smartphones
Traditionally, identifying physical traits associated with
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MCG Secures $5.7M NIH Grants to Study Cardiovascular Complications of HIV
What You Should Know:
- Two new National Institutes of Health grants, totaling $5.7 million, are aimed at helping scientists at the Medical College of Georgia at Augusta University better understand the mechanisms of two cardiovascular complications associated with HIV.
- Thanks to the advent of combination antiretroviral therapy (cART), which uses a combination of three or more drugs to stop the virus from replicating in the body, life expectancy of people living with HIV has
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Rula Health & Amino Health Partner for Mental Healthcare Access
What You Should Know:
- Rula Health, a behavioral health company focused on delivering timely access to high-quality care, today announced a partnership with Amino Health, a leading digital healthcare navigation company.
- Through the partnership, Amino Health members will now have access to Rula’s nationwide network of more than 10,000 in-network providers representing more than 80 clinical specialties and a diverse range of backgrounds.
Rula and Amino Health: Expanding Access to
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Willowglade, Flatiron Health Partner to Enhance the Oncology Patient Experience
What You Should Know:
- Willowglade Technologies®, provider of the only Unified Digital Patient Experience™ Platform available to oncology practices nationwide, announced a new partnership with Flatiron Health, a leading healthtech company dedicated to expanding the possibilities of point of care solutions in oncology.
- The partnership aims to enhance patient centered care by expanding the availability of the Unified Digital Patient Experience™ Platform to practices using Flatiron’s
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Rightway & Curai Health to Offer AI-Powered Virtual Urgent Care
What You Should Know:
- Rightway, a company transforming care navigation and pharmacy benefits, announced a strategic partnership with Curai Health, an AI-powered virtual clinic to maximize member outcomes and reduce costs.
- Members can access Curai for virtual urgent care 24/7 through the Rightway app. Within minutes, members can connect with a Curai MD, DO, or ARNP for diagnosis, treatment, prescriptions, and follow-ups as needed. Rightway nurses ensure seamless post-visit support by
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