Industry experts state that orphan drugs will be a major trend to watch in the years ahead, accounting for almost 40% of the Food and Drug Administration approvals this year. This market has become more competitive in the past few years, increasing the potential for reduced costs and broader patient accessibility. Currently, these products are often expensive because they target specific conditions and cost on average $147,000 or more per year, making commercialization
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cloud computing
AI Leads Way to Less False Positives on Remote Cardiac Monitoring Devices, Improved Results
What You Should Know: - Cardiac patients and their cardiologists are experiencing a high number of false positives with remote patient monitoring devices as a result of signal artifact providing inaccurate data, which can lead to many complications—other than medical, such as unnecessary tests and increased medical costs. - Ambulatory cardiac monitoring provider InfoBionic has devised a way to decrease false positives and increase efficiency. Remote cardiac monitoring’s false
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Beyond Limits Nabs $133M to Drive Global Expansion of AI Technology
What You Should Know: - Beyond Limits, an AI provider that uniquely uses 45 technologies developed at Caltech and NASA’s Jet Propulsion Lab to provide business intelligence for healthcare raises $133M in funding. - Beyond Limits’ AI predictive model is helping healthcare professionals fight against COVID-19 including determining the percentage of patients that may need ventilators and ECMO in the ICU and dialysis units. Beyond Limits, an LA-based industrial and enterprise-grade AI
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Amidst the Pandemic, IT Teams Turn to the Cloud to Protect Patient Data
The challenges facing healthcare during COVID-19 are more than biological. Healthcare providers are weathering a perfect storm as hackers take advantage of the commotion and ramp up their attack frequency and sophistication. This isn’t surprising for those familiar with the hacker playbook, as cybercriminals typically go after victims that are the right combination of vulnerable and profitable. And right now, the valuable troves of personal health data held by providers, focused on battling
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Socialized Medicine Shows its Strengths During COVID-19 – But Only When Paired with Tech
What the US and other countries can learn from the “Taiwan Example” Italy has a single-payer medical system, yet it didn’t spare the country from COVID-19. On the contrary, Italy was among the hardest hit and is still struggling. That’s a common talking point one might hear from certain US-based pundits who are critical of so-called “socialized medicine.” According to international healthcare insurance provider Allianz Care, “The healthcare system in Italy is a regionally based
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New Report Debunks Belief COVID-19 Increased Healthcare Data Breaches
What You Should Know: - Vectra spotlight report on healthcare discredits the widely held belief that external threats would lead to an increase in data breaches during the COVID-19 pandemic. - According to Vectra, although opportunistic attacks against healthcare were up – and some might have succeeded – external activity does not appear to have led to an internal activity normally observed in successful attacks. Healthcare organizations in general are doing a good job of mitigating
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Abacus Insights Nabs $35M for Interoperability Platform to Help Health Plans Liberate Data
What You Should Know: - Abacus Insights raises $35M in Series B funding for its data integration platform that enables health insurers to reconcile thousands of unique attributes to create a more personalized healthcare experience in everything from diabetes care and wellness programs to managing the COVID-19 pandemic. - Abacus Insights’ data platform standardizes, curates, and enriches valuable healthcare data that is currently sitting idle, moving it out of restrictive silos, and
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Looking to Keep Data Analytics in Healthcare Affordable? The Answer is the Cloud
It’s clear that 2020 Healthcare will be the year of big market disruptions. With data-rich players such as Amazon and Google entering into the healthcare market space, many traditional health care systems are reviewing their own strategic plans with an eye towards staying relevant. According to a recent analytics survey by HIMSS, 32% of respondents said that population health is a top focus moving forward, and nearly 60% are eager to make improvements in care. Most
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3 Ways AI and Machine Learning Are Reshaping Medical Records
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 generation efficiency – driven by cloud computing, big data, AI and machine learning
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Mayo Clinic Selects Google Cloud to Power its Digital Transformation
- Mayo Clinic selects Google Cloud to be their cornerstone of its digital transformation in a 10-year strategic partnership agreement. - Google Cloud will secure and store Mayo Clinic's data while working with Mayo Clinic to apply AI and other cloud computing technologies to solve complex healthcare problems. - Mayo Clinic will leverage Google Cloud to conduct medical research, developing and deploying new machine learning models designed to improve treatment precision and clinical
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