What You Should Know:
- The medical drone delivery services market is experiencing a dramatic upswing, driven by the increasing need for efficient and accessible healthcare delivery, especially in remote and underserved areas.
- According to FN Media Group, the market, valued at approximately $245.4 million in 2023, is projected to achieve a remarkable compound annual growth rate (CAGR) of 22.3% from 2024 to 2032, reaching $1.9 billion.
Factors Fueling the
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Digital Health | News, Analysis, Insights - HIT Consultant
Avel eCare Acquires Hospital Pharmacy Management, Expanding Telepharmacy Services
What You Should Know:
- Avel eCare, a provider of telemedicine services, today announced the acquisition of Hospital Pharmacy Management, Inc. (HPM), a company specializing in remote medication order review and onsite pharmacy management for hospitals and health systems.
- The strategic acquisition significantly expands Avel eCare's telepharmacy capabilities and strengthens its commitment to supporting healthcare providers, particularly in addressing the growing shortage of
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Why Healthcare Execs are Hesitant to Embrace Long-Term AI Contracts
AI promises significant advances in patient care and healthcare operations, from improved diagnostics and personalized treatments plans to streamlining administrative tasks. Yet, a clear pattern has emerged in the decisions healthcare technology leaders are making around AI adoption within their organizations. Leaders are grappling with how to balance cutting-edge innovation with the risks and complexities of adopting an AI solution.
Despite the enormous potential of AI, healthcare executives
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Vitalic Launches Geriatric Behavioral Health Platform for Seniors
What You Should Know:
- Vitalic announced the launch of its innovative geriatric behavioral health platform, designed specifically to address the often overlooked mental health needs of older adults.
- Launching with $4M in seed funding from Redesign Health and Medicare Advantage payor VNS Health (a national home- and community-based health care payor/provider), Vitalic focuses on providing comprehensive and integrated care that prioritizes the unique challenges and vulnerabilities of
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Royal Health Secures Significant Investment from HealthQuest Capital
What You Should Know:
- Royal Health Inc., a provider of advanced radiology software and workflow solutions, announced today the closing of a minority investment led by HealthQuest Capital, a growth capital firm focused on transformative healthcare companies.
- The recapitalization represents a significant milestone for Royal Health, resulting in a near eightfold increase in enterprise valuation since its previous investment round in 2019.
While the specific funding amount
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Commure Acquires Digital Care Navigation Platform Memora Health
What You Should Know:
- Commure, a healthcare technology company, has announced the acquisition of Memora Health, a digital care navigation platform. The strategic move strengthens Commure's comprehensive suite of AI-powered solutions, further solidifying its commitment to transforming healthcare delivery.
- By integrating Memora's advanced patient navigation tools with CommureOS's robust integration engine, the combined platform will empower healthcare organizations to deliver
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New Orleans Saints Partner with PatientPoint to Enhance Player Health and Performance
What You Should Know:
- The New Orleans Saints are excited to announce a new partnership with PatientPoint, the trusted leader in patient and provider digital health engagement for over 35 years.
- This program will deliver customized nutrition and sports medical content through PatientPoint’s interactive devices in their practice and training facilities.
Empowering Health and Performance: PatientPoint® Partners with the New Orleans Saints and Launches Sports
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DUOS Expands Platform with AI-Driven Assistance for Government Program
What You Should Know:
- DUOS, the digital health innovator empowering older adults to live independently, is proud to announce the addition of new features in its continued effort to holistically change the way the industry approaches healthcare.
-With this latest innovation, DUOS members will now have the ability to seamlessly tap into end-to-end applications for federal and state assistance programs across all 50+ states including Supplemental Nutrition Assistance Program (SNAP),
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Could AI Revolutionize the Physical Exam? New Study Explores LLMs as Physician Aids
What You Should Know:
- A new study published in the Journal of Medical Artificial Intelligence explores the potential of large language models (LLMs), like GPT-4, to act as valuable tools for clinicians.
- Study author Marc D. Succi, MD, strategic innovation leader at Mass General Brigham Innovation, and his team investigated the use of GPT-4 in recommending physical exam instructions based on patient symptoms. For example, if a patient presented with a painful hip, GPT-4 would
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ŌURA Secures $200M to Fuel Growth and Innovation in Health Wearables
What You Should Know:
- ŌURA, the company behind the world's leading smart ring, has announced the completion of a $200 million Series D funding round, raising its valuation to $5.2B.
- This significant investment, with participation from Fidelity Management & Research Company and Dexcom, reflects ŌURA's strong momentum and its potential to transform the healthcare landscape.
Driving the Future of Health Wearables
ŌURA has been redefining health wearables since its
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