What You Should Know: - AppliedVR, a Los Angeles, CA-based company advancing the next generation of digital medicine, today announced $29 million in Series A funding, bringing its total funds raised to date to $35 million. The round, which includes key investors F-Prime Capital, JAZZ Venture Partners, Sway Ventures, GSR Ventures, Magnetic Ventures and Cedars-Sinai, will fuel the company’s growth as it pursues full FDA approval over the next year. - Founded in 2015, AppliedVR provides
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VR and AR Simulation Medical Training Can Reduce Medical Errors
Human error is an inevitable event in the practice of any trade, including healthcare and medicine. The errors made in medicine can have many negative effects for patients and healthcare providers. A study out of Johns Hopkins in 2016 found that medical errors accounted for over 250,000 deaths annually in the United States – making it the third leading cause of death in the country (Makary 2016). Research has shown that most medical errors occur during the administration and prescribing stages
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A New System to Fit A New Economy: How Healthcare Can Recover From COVID-19
We are at a watershed moment. The COVID-19 pandemic has forced us to reevaluate our priorities both economically and with regard to public health. Living with a healthcare system that was created in response to an emergency measure during World War II, US consumers have struggled for more than a decade to control and understand the rising cost of healthcare. Unfortunately, employer-based health insurance and government-subsidized care continue to be the major drivers of cost and policy. As
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Hurdle Secures $5M for Digital Mental Health Platform for People of Color
What You Should Know: - Washington, D.C.-based Hurdle raises $5M in seed funding to accelerate its digital mental health platform for people of color. - Hurdle aims to provide an innovative teletherapy solution for employers and insurers; aims to remove barriers to mental health care for People of Color by rooting its services in evidence-based methods of cultural humility. Hurdle (formerly Henry Health), a Washington, D.C.-based innovative digital mental health platform company,
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For Better Patient Care Coordination, We Need Seamless Digital Communications
A recent Advisory Board briefing examined the annual Centers for Medicare & Medicaid Services (CMS) Readmission penalties. Of the 3,080 hospitals CMS evaluated, 83% received a penalty for payments to be made in 2021, based on expected outcomes for a wide variety of treated conditions. While CMS indicated that some of these penalties might be waived or delayed due to the impacts of the Covid pandemic on hospital procedure volumes and revenue, they are indicative of a much larger
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COVID-19: How Hospitals Can Create Better Inpatient Bed Capacity through Math
Since the beginning of the COVID-19 pandemic, key elements of hospital operations such as managing inpatient bed capacity, and access to ventilators and PPE have taken center stage. The general public got a crash course on what hospitals need in order to function successfully when disaster hits, and daily news and discussions were centered around ICU bed capacity as cases accelerated across the country. The nightmarish predictions and reality led to the development of creative measures to
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M&A: Centene to Acquire AI Healthcare Analytics Platform Apixio
What You Should Know: - Centene Corporation acquires AI healthcare analytics platform
Apixio to additional data and AI capability to technology portfolio. - Apixio will remain an operationally independent entity
as part of Centene's Health Care Enterprises group to continue bringing value
to its clients and the industry. Centene Corporation, today announced it has signed a definitive agreement to acquire Apixio Inc., an AI healthcare analytics company offering Artificial
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Banner Health Taps Innovaccer’s Data Activation Platform to Power Digital Transformation
What You Should Know: - Banner Health, one of the country’s largest non-profit healthcare systems, has partnered with Innovaccer for its digital transformation. - Banner Health will leverage the platform to create unified patient records that drive comprehensive, preventive, and whole-person care solutions for patients across the care continuum. Banner Health,
one of the country’s largest non-profit healthcare systems, has partnered with Innovaccer, Inc., a leading
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Were We Mentally Ready for COVID-19? Why It’s Time to Take Behavioral Health Seriously
As you read this, over 200,000 American deaths have been attributed to the virus. The influx of cases continues, while state and local economies are experiencing hardship, children are shuttered in their homes learning remotely, grown children are moving back home and the “new normal” disrupts nearly all of life’s plans. Yet, these issues don’t reveal all the traumas that Americans are experiencing 10 months into the pandemic. The pandemic's impact continues to be swift and brutal,
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Samsung, Centene to Bring Telehealth to 13k Patients in Rural, Underserved Communities
What You Should Know: - Today, Centene announced that it is teaming up with Samsung Electronics America to expand critical virtual care for 13,000 patients in underserved and rural communities who may have limited access to technology, including seniors and low-income individuals. - Amid the rapid digital transformation in healthcare,
the digital divide has exposed disparities in access to technology amid the
pandemic. With telehealth emerging as the preferred method of
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