Medsphere’s Irv Lichtenwald explains why the health IT industry needs to push for interoperable EHR solutions to curb healthcare costs. Health systems are spending obscene amounts of money on EHR implementations. In 2017 alone, Mayo Clinic began implementing a $1.5 billion integrated Epic EHR system. Temple Health reported a $5.7 million operating loss largely due to higher than expected staffing costs associated with their recent Epic EHR implementation. The provider set aside $15.1 million in
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Does Amazon Have What It Takes to Transform the Pharma Industry?
InteliSys Health’s Tom Borzilleri explains what Amazon could bring to the pharmaceutical space and what the move could mean for brick-and-mortar competitors.From basics like toilet paper to luxuries such as flatscreen TVs, Amazon can deliver just about anything to a doorstep these days—so, what about prescription drugs? That’s the question the company seems to be currently asking itself and is expected to announce its answer soon. The e-commerce giant has been quietly making moves into Pharma
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Don’t Let The Hype Fool You—AI in Healthcare Is Far From Perfect
Medicomp Systems’ Dr. Jay Anders explains what needs to change for machine learning to make a profound impact for providers and patients.Ever since IBM Watson wowed audiences with its superior knowledge on Jeopardy, the buzz around the potential and power of machine learning and artificial intelligence (AI) has grown across industries worldwide. However, Medicomp Systems’ Dr. Jay Anders says don’t let the hype fool you—AI in healthcare is far from perfect.“The sad truth is that there is a long,
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The New Walking Dead: Why 98% of Health Tech Startups Are Zombies
Health investor and entrepreneur Dave Chase says 98 percent of health tech startups are zombies right now—but the Quadruple aim could help some rise from the ashes to begin anew.Billions in venture capital (VC) funding may have poured into digital health over the last few years (more than $4.5 billion in 2015 alone), but it looks like many startups may have bitten off more than they can chew, and as a result, imminently face biting the dust before reaching profitability. At least, that’s the
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Why Today’s Digital Health Venture Model Is Broken
Echo Health Ventures’ Matthew Karls explains how his new healthcare investment company is breaking the mold and why that’s a good thing for startups.Today’s digital health venture model is broken. That statement seems bold and contradictory to the fervor and flourish of funding that has poured into the space recently. However, most health-tech startups are predicted to fail within the first two years of operation—why?In 2014, venture funding in digital health smashed records surpassing $4.1
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What Does the Current State of Digital Health Adoption Tell Us About Its Future in Healthcare?
What do today’s indicators of digital health adoption tell us about its future in healthcare? Rock Health’s Ashlee Adams weighs in.Digital consumption is at an all-time high. The trends that have more people looking down at their screens may indicate things are looking up for those in healthcare—why? Well, for one thing, increased digital use could help cut costs and create greater efficiencies and access to health services for organizations and patients alike. That’s been the speculative hope
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Healthcare is Riddled With Throwing Tech on Top of Broken Processes
Co-founder of Healthfundr’s Quad Aim Fund Dave Chase talks about healthcare moving beyond the Triple Aim, and why it’s imperative health-tech developers and investors follow suit.It’s time to let go of the status-quo. That may sound like a great slogan for a t-shirt, but it’s more like a resounding battle cry for U.S. healthcare at large. Patients, providers, health-tech developers and investors need to recognize the failings of today’s system to prompt and promote real change—and it’s going to
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Apple CareKit: Are Consumers Ready for Tech-Enabled Home Health?
Deloitte’s Harry Greenspun talks about what research is revealing when it comes to consumers and caregivers plugging into tech-enabled home health.What about the doctor-patient relationship? This is the question that many whisper yet few ask directly as technology gives greater rise to remote treatment methods. Take CareKit, released from Apple, Inc. in March, which allows users to collect medical data and share with physicians. Will what’s achievable on screen disrupt the crucial care that
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Jean-Luc Neptune Outlines Blueprint Health’s Approach to Digital Health Innovation
Blueprint Health’s Jean-Luc Neptune explains what makes the accelerator tick and where he sees digital health innovation headed in healthcare.The tale of how digital innovations will revolutionize U.S. healthcare has yet to be fully told, but by now, we all know of its blockbuster beginning. Billions of investment dollars have poured into the space, yet building longevity in the market may be a different story for innovators all together.Last year, an Accenture study proposed more than half (51
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M&A Expert Talks 4 Trends Emerging from the Health IT M&A Market
As Managing Director of SC&H Capital, an investment banking and advisory firm, Chris Helmrath knows M&A opportunities when he sees them. And in today’s HIT M&A market, he sees a rapid shift from mega mergers to middle-market acquisitions.In our interview, Chris—a 30-year veteran of buy- and sell-side healthcare transactions—discusses four key trends emerging from the evolving health IT M&A market, as well as what they mean for consultants and their clients. Trend No. 1. A More
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