During the pandemic, electronic clinical outcomes assessments (eCOAs) gained prominence as sponsors looked for more agile tools to help them capture patient data remotely through decentralized clinical trials (DCTs). From the adoption of virtual models like eCOAs and DCTs, a new opportunity emerged to enhance the patient experience. Decreasing the amount of time spent on on-site appointments helped reduce patient burden. Additionally, sponsors gained real-time insights on how patients interact
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MedTech: Transforming Healthcare with Medical Imaging AI
Healthcare providers and their patients stand to benefit dramatically from AI technologies, thanks to their ability to leverage data at scale to reveal new insights. But for AI developers to perform the research that will feed the next wave of breakthroughs, they first need the right data and the tools to use it. Powerful new techniques are now available to extract and utilize data from complex objects like medical imaging, but leaders must know where to invest their organizations’ resources to
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PE Firm Acquires Intelligent Medical Objects (IMO) for $1.5B+
What You Should Know: - Thomas H. Lee Partners, a premier private equity firm investing in growth companies, announced today that it has entered into an agreement to acquire a majority interest in Intelligent Medical Objects, a healthcare data enablement company and market leader in clinical terminology solutions in a $1.5B + deal. - Founded in 1994, IMO manages more than 5 million clinical terms and maps to all major coding systems. Its suite of software products, which is used by over
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Day 3 HIMSS Roundup: Glooko Acquires DIABNEXT, GE Healthcare/AliveCor Integration
Venture Capital, Private Equity, Mergers & Acquisitions (M&A) Activity Glooko Acquires DIABNEXT® to Expand Diabetes Offerings in France Glooko, a leading provider of remote patient monitoring and data management solutions for diabetes and related chronic conditions, today announced the acquisition of DIABNEXT, a Paris-based company whose digital health platform helps people with diabetes better manage their conditions and connects to their healthcare providers, so they can
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Glooko Acquires DIABNEXT to Expand Diabetes Offerings in France
What You Should Know: Glooko, a leading provider of remote patient monitoring and data management solutions for diabetes and related chronic conditions, today announced the acquisition of DIABNEXT, a Paris-based company whose digital health platform helps people with diabetes better manage their conditions and connects to their healthcare providers, so they can improve health outcomes. - DIABNEXT’s mobile app complements Glooko’s product portfolio and tracks diabetes data so that
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Proscia & Hamamatsu Partner to Accelerate Scaled Adoption of Digital Pathology
What You Should Know: - Proscia, the leader in digital and computational pathology solutions, and Hamamatsu Photonics K.K., a leading provider of whole slide imaging systems, today announced a collaboration to accelerate digital pathology adoption at an enterprise scale. - The cooperation agreement increases the availability of the companies' best-of-breed, unified solution that combines Proscia's Concentriq® platform and Hamamatsu's NanoZoomer® series of whole slide scanners to deliver
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Why Hospitals Need to Prioritize Clinical Data Management in 2022
The past two years have been fraught with difficulties for the healthcare industry. Labor shortages have negatively impacted hospitals and health systems nationwide, intensifying the burden on healthcare workers already strained. In fact, the latest job report from the U.S. Bureau of Labor Statistics has shown healthcare employment down by nearly half a million since February 2020. While a lack of sufficient staff has obvious implications on providing patient care, the labor
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Top 5 Data Management Challenges Healthcare Organizations Face
In the United States, healthcare costs make up more than 17% of GDP. The data that healthcare organizations generate, collect, and manage is massive, having an ever-growing impact on the industry. RBC Capital Markets, a global investment bank, estimates that approximately 30% of the world’s data volume is generated by the healthcare industry. By 2025, the compound annual growth rate of data for healthcare will reach 36%. That’s 6% faster than manufacturing, 10% faster than financial
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Data Integrity, Security, and Confidentiality: The Building Blocks of Healthcare Data Management
Stethoscopes, needles, tourniquets, and blood pressure cuffs are what typically come to someone’s mind when thinking of items used to assess, diagnose, and treat patients in a healthcare setting. While these physical tools within a hospital or private practice are important, unstructured data also plays a critical, yet often understated, role in the overall care experience of a patient. Lab results, transcripts, radiology imagery, and physicians’ notes all fall under the category
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Why Moving Enterprise Data Management to the Health Cloud Is Worth The Investment
Accelerated digitalization is a boon for the healthcare industry. With electronic healthcare records (EHRs), provider organizations can more easily manage population health and meet the needs of stakeholders. However, the increased use of electronic records also means that providers need to adjust their data management strategies to meet patient expectations and ensure integrity, interoperability, and security while complying with policies and regulations. To do that, they need to move away from
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