The conversation around whether a healthcare startup should build a data platform or buy one isn’t anything new. In fact, this has been a debate since cloud-based technologies rose to popularity—we’re just now seeing more startups enter the space and opt to build their platforms internally. Startups choose to build their data platforms for several compelling reasons. For example, it could give them greater control over their data security and architecture or they feel they know their data
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KLAS-Bain: Post-Pandemic Investment Priorities for Healthcare Providers
What You Should Know: - Competition in the provider IT space shows no signs of abating: Early-stage capital, big tech, and scale EMR players continue crowding into more segments. This has significant implications for providers as they transition into a new disruptive period, for software players as they fine-tune go-to-market models for the current environment, and for private equity investors as they look to invest behind winning themes. - A new report by KLAS Research and Bain &
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BioIntelliSense Acquires Patient Monitoring Company AlertWatch
What You Should Know: - BioIntelliSense, Inc. acquires AlertWatch, an FDA-cleared, clinically proven patient monitoring solution. AlertWatch uniquely provides robust integration, data analysis and a patented intuitive display of contextual patient data for more efficient, actionable clinical decisions. - As part of the recently announced strategic partnership with Medtronic, its Patient Monitoring business will distribute AlertWatch to hospitals throughout the U.S.
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Caris Life Sciences Integrates with Flatiron Health for Molecular Testing
What You Should Know: - Caris Life Sciences, the leading molecular science and technology company, announced their partnership with Flatiron Health to fully integrate Caris’ molecular testing portfolio with Flatiron’s OncoEMR®, a cloud-based electronic medical record (EMR) tool. - This partnership streamlines clinical workflows for physicians, delivering critical results directly at the point of care to help them make better treatment decisions for their patients. Molecular
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Michigan Health Information Network Taps PointClickCare to Expand Its Network Throughout Michigan
What You Should Know: - The Michigan Health Information Network (MiHIN), the nonprofit state-wide health information network, recently announced that it is partnering with PointClickCare Technologies, the largest post-acute electronic medical record vendor in the country, to advance and deepen healthcare collaboration, care coordination, and interoperability by offering access to real‐time insights at any stage of a patient’s journey. - Although Michigan has experienced
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Castlight + Vera Appoints New CEO; Rebrands as Apree Health
What You Should Know: - Vera Whole Health, Inc. and Castlight Health, Inc. appoints former Cerner President Donald Trigg as chief executive officer (CEO) - In addition, the companies have rebranded as apree health that will be combine Castlight’s healthcare navigation platform with Vera’s advanced primary care solutions to improve patient outcomes and transform the healthcare industry. Donald Trigg Background Donald Trigg most recently served as president of
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eClinicalWorks Invests $100M in Microsoft Azure
What You Should Know: - McKinsey reports that cloud capabilities have the potential to generate a value of $100 billion to $170 billion for healthcare companies in 2030. The cloud enables healthcare companies to innovate, digitize and realize their strategic goals. - eClinicalWorks is currently investing over $100M in Microsoft Azure cloud services to accelerate innovations in digital healthcare. Technological Solutions For Improving Patient Care and Health
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Realizing the Dream of AI in Clinical Trials—How to Address Key Challenges
The clinical development process is incredibly time consuming and only yields a success rate of about 10%. One way to reduce the time, cost and success of the clinical development process is to introduce artificial intelligence (AI) into clinical trials and implement AI-driven process automation. The dream of AI in clinical trial execution is for trial functions to run autonomously, like a self-driving car. A self-driving car knows how fast it is going, where it needs to go,
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Why There’s Renewed Interest In The Cloud for Healthcare
From the development of the EMR to the growth of telehealth, the digital environment for healthcare has evolved tremendously over the last few years. So, it’s no surprise that IT spending is set to increase by 12.3% for cloud computing, 9.7%, for digital transformation, and 9.7% for security software this year. Though healthcare organizations have historically been slower to adopt cloud, we’re now seeing renewed interest. Has the pandemic caused a reaction among IT leaders to
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TytoCare & Carilion Clinic Partner to Expand Telehealth Offerings
What You Should Know: - TytoCare has partnered with Carilion Clinic, a not-for-profit health care organization serving Virginia’s Blue Ridge and Southwest Virginia regions. - The integration of TytoCare into Carilion’s current virtual care offerings enhances the health system’s ability to diagnose and treat patients remotely with in-depth, physical examinations during virtual visits. Shortage of Primary Care Physicians in Rural Communities Rural
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