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Q1 2023 Digital Health Funding Reaches $3.4B Across 132 Deals

by Syed Hamza Sohail 04/04/2023 Leave a Comment

Q1 2023 Digital Health Funding Reaches $3.4B Across 132 Deals

What You Should Know: 2023 started off with the hallmarks of a rebound year. While Q4 2022 signaled the tail end of the digital health funding cycle, January and February funding numbers began to suggest that sector investment was slowly but surely inching back upwards. Inflation was easing ever so slightly. Investors were rediscovering their confidence and launching new projects, signaling optimism in the sector, according to a new Rock Health report. However, recent news—the collapse of
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VIVE 2023: 6 Digital Health Executives Share Their Key Takeaways

by Fred Pennic 03/31/2023 Leave a Comment

ViVE 2023 Executive Takeaways

A common thread throughout my conversations at ViVE was the increased competition for health consumers. Larger health systems are continuing to be fragmented by smaller specialties, like Northwell Health, which reported their outpatient care volumes are continuing to rise. Free-standing surgery centers, ER, urgent care, primary care, imaging centers and so on, are monitoring large healthcare systems looking for ways to extract the most profitable arms and business from them. As this continues to
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17 Execs Share How Health IT Can Address Clinician Burnout, Staffing, & Capacity

by Fred Pennic 03/23/2023 Leave a Comment

Survey: Clinician Burnout Is A Public Health Crisis Demanding Urgent Action

Clinician shortage has reached a new level of urgency as we face rising demand and healthcare costs, according to a recent Accenture report. Healthcare workers are increasingly burned out and leaving the industry altogether in droves. Those who remain to do the work are overburdened.  We ask seventeen healthcare IT executives for their insights on how health IT solutions could potentially help address clinician burnout, clinician staffing shortages, and deal with capacity. Staffing levels
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Q/A: Dr. Johnson Talks Racial Disparities in Breast Cancer Care

by Syed Hamza Sohail 03/22/2023 Leave a Comment

Q/A: Dr. Johnson Talks Racial Disparities in Breast Cancer Care

What You Should Know: - A recent study published in JAMA found that conventional genomic tests commonly used for breast cancer tumors can be less accurate for Black women. This news comes at a time when Black women with breast cancer are experiencing mortality rates that are 41% higher than white women. - Dr. Nathalie Johnson, MD FACS and President of The American Society of Breast Cancer Surgeons is among numerous doctors who advocate for Agendia and its tests which look beyond race,
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Northwell to Deploy Epic Enterprise EHR Platform Across System

by Fred Pennic 03/20/2023 Leave a Comment

Northwell Health Extends Contract with Allscripts Sunrise Platform Through 2027

What You Should Know: - Northwell Health today announced an agreement with Epic to implement the health system’s next-generation EHR as part of its ongoing digital transformation to ensure a more seamless patient experience and team member experience. - The announcement marks the replacement of Allscripts and will result in one patient record across every Northwell venue of care and drive enhanced care coordination across 21 hospitals and about 900 outpatient facilities. -
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5 Key Trends Driving Purchasing Decisions in Healthcare IT

by Rohinee Lal, Principal Analyst at Signify Research 03/14/2023 Leave a Comment

5 Key Trends Driving Purchasing Decisions in Healthcare IT

As the healthcare industry continues to evolve and transform with providers facing increasing financial burdens and dynamic patient expectations, Signify Research has had the opportunity to speak to 100s of C-suite health IT executives and departmental decision-makers.  Our conversations with these healthcare leaders have provided greater insight into their organizations’ technology and business strategies.  It has also illuminated their views on the industry’s most pressing issues.  Here are
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Pfizer Acquires Seagen for $43B to Tackle Cancer

by Fred Pennic 03/13/2023 Leave a Comment

Pfizer Acquires Seagen for $43B to Tackle Cancer

What You Should Know: - Pfizer announced it will acquire biotechnology company Seagen for $229 per Seagen share in cash, for a total enterprise value of approximately $43 billion. The proposed combination enhances Pfizer’s position as a leading company in Oncology. Seagen’s medicines, late-stage development programs and pioneering expertise in Antibody-Drug Conjugates (ADCs) strongly complement Pfizer’s Oncology portfolio. Seagen Background Seagen is a pioneer in ADC technology, with
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Q/A: Dr. Masturzo Talks Addressing Food Insecurity with Patients

by Fred Pennic 03/13/2023 Leave a Comment

Dr. Arti Masturzo

Today, food insecurity affects more than 41 million Americans and is prevalent among children and the elderly population. Food insecurity is defined as the limited availability of nutritionally adequate and safe food or the inability to acquire these foods in socially acceptable ways. As a result, food insecurity can exacerbate medical conditions driving up hospital/health systems patient care costs. To learn more about how healthcare providers can address food insecurity, we sat down with Dr.
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Transcarent Acquires 98point6 AI-Powered Virtual Care Platform and Care Business

by Fred Pennic 03/06/2023 Leave a Comment

Transcarent Acquires 98point6 AI-Powered Virtual Care Platform and Care Business

What You Should Know: - Transcarent, a health and care experience company that makes it easy for people to access high-quality, affordable care announced it will acquire AI-powered virtual care platform and care business of on-demand primary care company, 98point6.  Financial details of the acquisition were not disclosed; however, insiders expect the deal to be valued at $100M. - As part of the acquisition, hundreds of 98point6 enterprise customers including Boeing, Kindercare and
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Eli Lilly Cuts Insulin Prices by 70%, Caps Patient Costs at $35 Per Month

by Jasmine Pennic 03/01/2023 Leave a Comment

Eli Lilly Cuts Insulin Prices by 70%, Caps Patient Costs at $35 Per Month

What You Should Know: - Eli Lilly and Company today announced price reductions of 70% for its most commonly prescribed insulins and an expansion of its Insulin Value Program that caps patient out-of-pocket costs at $35 or less per month at participating retail pharmacies.  - The historic price cut makes it easier to access Lily insulin for Americans who may have difficulty navigating a complex healthcare system that may keep them from getting affordable
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