Anish Sebastian, Co-founder and CEO, Babyscripts
Healthcare disruptors are betting the farm on digital health technology, and they have the funds to validate their enthusiasm. Investments in digital health startups came in at a staggering $8.1B at the end of 2018, marking an increase of 42% from 2017. While investments are slowly beginning to level out in 2019, analysts see this as a sign that the industry is maturing; not, as some thought, as a signal of pending collapse.
Health
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The Health IT Staffing Shortage Is a Problem Morphing Into a Crisis
Staffing shortages have plagued the healthcare industry for years, and this year hospital IT departments are feeling more pain than ever. The shortfall in physicians and nurses understandably gets the most press attention, but two phenomenons are pushing scarcity of specialized IT workers into the stratosphere: computer and IT jobs across all industries are projected to grow 12% from 2018 to 2028, and healthcare is projected to add 3.5 million jobs during the period, about one-third of all new
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UCSF Launches Center for Intelligent Imaging to Accelerate AI Adoption in Radiology
- UC San Francisco launches Center for Intelligent Imaging named ci2 to accelerate the adoption of artificial intelligence (AI) in radiology to improve patient diagnoses and care.
- ci2 researchers will work with NVIDIA Corp. to build infrastructure and tools focused on enabling the translation of AI in clinical practice.
- The center will serve as a hub for the multidisciplinary development of AI in imaging to meet unmet clinical needs and provide a platform to measure the impact and
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Novartis to Establish AI Innovation Lab, Taps Microsoft As Strategic AI & Data Science Partner
- Novartis to establish the Novaris AI innovation lab and has formed a strategic partnership with Microsoft as its AI and data science partner.
- AI Innovation lab will leverage Novartis datasets with Microsoft’s advanced AI solutions, the lab will aim to create new AI models and applications to transform medicine.
- Novartis and Microsoft's strategic alliance will focus on the two core objectives of AI Empowerment and AI Exploration.
Novartis announced the
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Healthcare Blockchain Startup BurstIQ Nabs $5.5M for HIPAA-Compliant Blockchain Platform
- BurstIQ raises $5.5M for HIPAA-compliant blockchain platform services for on-chain data management, complex data ownership, and granular consent.- The healthcare blockchain-based software company plans to aggressively expand sales, marketing, and network growth.BurstIQ, an Denver, CO-based provider of HIPAA-compliant blockchain solutions for the healthcare industry has raised $5.5M in Series A funding led by Elsewhere Partners. Elsewhere, a growth-stage venture capital firm which invests in
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3 Ways AI and Machine Learning Are Reshaping Medical Records
David Dyke, VP, Product Management, Provider & Life Sciences for Ciox Health
Since at least 2012, the world of medical records in both the public and private sectors remains dominated by a push toward interoperable data, and more broadly useful health data. Like everything else in American healthcare, the effort has been only moderately successful despite a price tag in the billions. In a modern digital world, where technologies in so many industries are bringing better insights and next
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HMS Acquires Population Health Analytics Company VitreosHealth for $36M in Cash
- HMS Holdings Corp acquires VitreosHealth, the first Insights-as-a-Service delivery model for advanced population health analytics for $36M in cash. - HMS is currently using VitreosHealth’s technology as the predictive analytics engine for HMS’ Elli, a risk intelligence solution that is part of the company’s integrated Population Health Management (PHM) portfolio.HMS believes the integration of VitreosHealth will enhance our predictive modeling and analytics capabilities within its PHM
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Ensuring A Healthy Approach to Big Data In The Life Sciences Industry
Ferdi Steinmann, Industry Strategist for Life Sciences, OpenText
The old adage “knowledge is power” may seem cliched, but it definitely still rings true in the life sciences industry. In fact, maybe more so than in any other industry, healthcare insights are being driven by a vast array of critically important data from scientific research, clinical trials, and patient profiling. Teams are continually asked to identify, prioritize and develop promising therapies which are not only safe but
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4 Steps Healthcare Organizations Need to Take to Automate Their Data
Alex Gorelik, CTO & Founder of Waterline Data
According to IDC, all the data that’s being created and captured in healthcare is projected to grow by 36 percent (CAGR)—more than any other industry.
While managing growing volumes of data is a common challenge for many organizations across all sectors, healthcare is uniquely set apart by the sheer number of new data sources that’s being made available—with new sources being added all the time. This is driven in large part by advancements in
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4 Areas Where Big Data is Transforming Healthcare Right Now
Joel Landau, Founder at The Allure Group
Leveraging technology in the right ways can make or break the future of healthcare. One of the ways that healthcare will become more efficient, more affordable, and save more lives is through the use of big data.
What is Big Data?
Big data refers to a large amount of information being digitized, consolidated, standardized, analyzed and modeled. In healthcare, big data uses specific statistics from a population or an individual to research new
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