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Transcarent to Acquire Accolade in $621M Deal, Creating a Unified Platform for Personalized Healthcare

by Fred Pennic 01/08/2025 Leave a Comment

Transcarent to Acquire Accolade in $621 Million Deal, Creating a Unified Platform for Personalized Healthcare

What You Should Know:  - Transcarent, a health and care platform, announced today that it will acquire Accolade (NASDAQ: ACCD), a leader in health advocacy and primary care, for $7.03 per share in cash, representing a total equity value of approximately $621M.  The merger consideration represents a significant premium over Accolade's recent stock price, reflecting the strategic value of this transaction. Transcarent will finance the acquisition through equity financing led by
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Providence Ventures Spins Out, Forms Allumia Ventures

by Fred Pennic 01/07/2025 Leave a Comment

Providence Ventures Spins Out, Forms Allumia Ventures

What You Should Know:  - Allumia Ventures, formerly known as Providence Ventures, announced its spin-off from Providence to become an independent venture capital firm.  - The spin out follows the first close of its third fund, marking a significant milestone in the firm's evolution. The firm will continue to work closely with Providence as an Anchor Limited Partner while inviting a select group of other healthcare organizations to join its third fund. Allumia Ventures
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The RCM Arms Race: How AI is Reshaping Healthcare Finance in 2025

by Spencer Allee, Chief AI Officer at Aspirion 01/07/2025 Leave a Comment

The RCM Arms Race: How AI is Reshaping Healthcare Finance in 2025

As healthcare providers head into 2025, a technological arms race is reshaping revenue cycle management (RCM), with artificial intelligence (AI) emerging as the decisive factor between financial success and struggle. With approximately 46% of hospitals and health systems already utilizing AI in their RCM operations, the industry stands at a critical juncture where matching payer sophistication has become imperative for survival. This transformation represents a fundamental shift in how
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5 Vocal Biomarker Trends to Watch in 2025

by Henry O’Connell, CEO and Co-Founder, Canary Speech 01/07/2025 Leave a Comment

5 Vocal Biomarker Trends to Watch in 2025

In recent years, the use of AI-enhanced ambient listening tools has transformed the way clinicians utilize vocal biomarkers for cognitive and behavioral health assessments. As these technologies expand, clinicians are exploring use-cases for a wider range of languages, populations, and more conditions as well. Looking ahead to 2025, expect vocal biomarkers to play a more essential role in disease detection, offering valuable insights while saving time for both
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Suki & Google Cloud Partner to Provide Clinicians with Patient Summaries and Q&A Functionality

by Syed Hamza Sohail 12/18/2024 Leave a Comment

Suki & Google Cloud Partner to Provide Clinicians with Patient Summaries and Q&A Functionality

What You Should Know: - Suki, the leader in AI technology for healthcare, today announced new enhancements to its flagship product, Suki Assistant, in collaboration with Google Cloud. To further support clinicians in providing the best care possible, Suki Assistant will leverage Google Cloud’s Vertex AI platform to expand its assistive capabilities to now provide patient summaries and Q&A functionality. -  With these additions, Suki becomes the industry’s first end-to-end clinical
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Patients Prefer AI Over Doctors — Is The Future of Healthcare Here?

by Max Votek, co-founder of Customertimes 12/18/2024 Leave a Comment

Patients Prefer AI Over Doctors — Is The Future of Healthcare Here?

AI has left a mark on every industry and the healthcare industry is no exception. Over the years, AI has been integrated into important parts of the healthcare system, such as diagnosis, treatment, patient care, and daily administrative processes. But we’re left to wonder if the large-scale integration of AI could mean that patients are starting to rely on AI instead of choosing one-on-one interaction with medical professionals. Understanding the Shift in Patient Preferences Over 83
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Dexcom Introduces Generative AI Platform for Glucose Biosensing

by Jasmine Pennic 12/17/2024 Leave a Comment

Dexcom Introduces Generative AI Platform for Glucose Biosensing

What You Should Know:  - Dexcom, the global leader in continuous glucose monitoring (CGM), has achieved another groundbreaking milestone by launching the first generative AI (GenAI) platform in glucose biosensing technology, Stelo.  - The Stelo platform analyzes individual health data patterns to provide personalized insights and recommendations for improving metabolic health. AI-Powered Personalized Guidance The Dexcom GenAI platform leverages Google Cloud's Vertex AI and
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Digital Health at a Crossroads: Navigating Challenges and Opportunities in 2025

by Fred Pennic 12/16/2024 Leave a Comment

Digital Health at a Crossroads: Navigating Challenges and Opportunities in 2025

What You Should Know:  - The digital health industry is at a critical juncture, facing both challenges and opportunities as it navigates a shifting financial landscape and prepares for growth in 2025.  - A new report, “Digital Health Go-to-Market Report” from Summit Health Advisors, based on a survey of 103 senior leaders in the digital health sector, provides valuable insights into the current state and future outlook of the industry. Digital Health Investment Landscape The
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Strengthening Background Screening Amidst the Nursing Shortage

by RJ Frasca, VP at Shield Screening 12/16/2024 Leave a Comment

Strengthening Background Screening Amidst the Nursing Shortage

The nursing profession is facing an unprecedented crisis, with burnout reaching critical levels due to a severe shortage of nurses. In 2023, the United States saw a shortfall of about 1.1 million nurses. This dire situation has created a twofold challenge: the pressing need to recruit new nurses while simultaneously ensuring the intake of top talent to bridge workforce gaps and uphold high standards of patient care and safety. Nurses are increasingly advocating for more manageable
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The High Cost of Healthcare Dysfunction: Misaligned Incentives and Data Chaos

by Sufian Chowdhury, co-founder and CEO of Kinetik 12/12/2024 Leave a Comment

The High Cost of Healthcare Dysfunction: Misaligned Incentives and Data Chaos

Healthcare has historically been slow to adopt new or innovative technology, even as its inherent complexity frustrates providers and patients and its inefficiencies fuel public distrust. Health systems, plans, and providers are notoriously risk-averse—and understandably so, as a technology malfunction in this sector can have life-threatening consequences. Yet, there are strong reasons to embrace innovation, not least due to financial imperatives. Recent analysis from PwC suggests that by
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