As we close out the year, we asked several healthcare industry executives to share their predictions and trends for 2020.
Robbie Hughes, Founder, and CEO, Lumeon
“Following the announcement of the Trump administration's price transparency requirement – and the ensuing backlash from hospital groups – the issue of price transparency will dominate the healthcare industry next year. Regardless of the outcome of the lawsuit, I expect we'll see more attention around the importance of the
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AI
AI in Healthcare| AI Impact for Researchers, Clinicians| Policy, News, Analysis, Insights - HIT Consultant
Top 60 Health IT/Digital Health Mergers & Acquisitions in 2019
- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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DrFirst’s Patent-Pending AI-Based Tech Solves Major Hurdles to Medication Reconciliation
- DrFirst announced a pending patent for AI technology today that breaks down the “prescription language barriers” between different EHRs – a crucial step in the process to avoid adverse drug events – solving a once intractable problem faced by hospitals. - The new U.S. patented tech uses an advanced approach for applying AI to unstructured medical information to process free text into appropriate data fields of the EHRs, infer missing prescription elements based on context, and convert free
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FDA Breakthrough Status Granted for Heart Failure Algorithm by Eko
- Eko announced the FDA has granted “breakthrough status” for an algorithm that could provide an easily accessible screening test for heart failure during routine physical exams.- This designation is awarded to novel innovations that demonstrate the potential to address unmet medical needs for life-threatening or irreversibly debilitating diseases. - Heart failure is often left untreated until it’s too late due to costs, inaccessibility to echocardiogram testing, or misdiagnosis. With nearly six
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Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery
- Paige raises $45M in Series B funding led by Healthcare Venture Partners with participation from Breyer Capital, Kenan Turnacioglu, and others. - The funding will be used to accelerate commercial efforts of its AI-native digital pathology ecosystem in the U.S., Europe, Brazil, and Canada. Paige, a NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it has closed its Series B funding round of $45 million, bringing the Company’s
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RSIP Vision Launches AI-Based, 3D Total Hip Replacement Solution
- RSIP Vision launches a new AI-based solution that provides a precise automated 3D structure for physicians to better plan surgery.
- The new AI-based technology will create a precise fit of the new implant to best fit the patients’ body, enabling a better clinical outcome and an easier recovery.
RSIP Vision, an Israeli global provider of artificial intelligence (AI), computer vision, and image processing technology, announced today a new AI-based total hip replacement solution that
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CommonSpirit to Deploy Notable’s AI Platform to Personalize Medical Intake Experience
- CommonSpiritHealth partners with Notable Health to personalize and automate the medical intake process for patients and providers to improve care quality and outcomes. - Notable's intelligent platform frees time for physicians and staff to spend with patients and shortens their workdays to help prevent burnout and increase satisfaction. - During appointments, CommonSpirit Health physicians will utilize the Apple Watch wearable technology with which they can dictate a summary of the
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Analysis: November 2019 Health IT M&A Activity, Public Company Performance
– Healthcare Growth Partners' (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of November 2019We did a doubletake when we noticed all of the HGP healthcare indices climbed approximately 10% during the month of November. Year-to-date, the S&P 500 is up over 25% and the HGP healthcare indices are all hovering in that range. In the two month period since September, when talk of universal healthcare reached
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Philips, Paige Partner to Deliver Clinical Grade AI Apps to Pathology Laboratories
- Philips and Paige form a strategic partnership to deliver AI-based cancer assessment tools are poised to help pathologists improve speed and accuracy of cancer diagnostics, ultimately leading to better patient care. - Philips IntelliSite Pathology Solution in combination with Paige Prostate aims to provide an intuitive digital & computational pathology workflow experience. Philips plans to offer the CE-marked Paige Prostate to European pathology labs in 2020.Philips today announced a
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MaxQ AI to Offer Intracranial Hemorrhage (ICH) AI-Powered Apps on Blackford Platform
- MaxQ AI and Blackford today announced that MaxQ AI’s FDA-cleared and CE Marked ACCIPIO ICH applications for stroke, traumatic brain injury and head trauma are now available on the Blackford Platform.- Fully integrated with existing systems, the Blackford Platform simplifies the implementation and management of multiple imaging applications and AI algorithms and reduces the load on PACS. - MaxQ AI now has distribution agreements in place with trusted CT OEMs, PACS software, and AI Ecosystem
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