Imagine being told which car or computer you must buy and just forking over whatever it costs. Even if you might only be paying a portion of it, would you simply get out the checkbook? For decades American consumers have been writing blank checks for healthcare. Given that healthcare costs and consumers’ share of them continue to climb, we’ve all longed for the ability to see all options for medical procedures and prescriptions covered by our health plan and to choose the lowest-cost,
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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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Will Nanox Disrupt The X-Ray Systems Market?
With its share price falling from more than $66 to less than $24, September was a tumultuous month for Nanox. On August 25th, the medical imaging start-up closed its initial public offering, having raised $190m from the sale of 10,555,556 ordinary shares at a price of $18 each. Money poured in as investors were sold on Nanox’s cold cathode x-ray source and the subsequent reduction in costs that it would enable, as well as the vendor’s pay-per-scan pricing model that would let the company
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The Future of the ICU? How Clinical Decision Support Is Advancing Care
Without a doubt 2020 has been a devastating year for many; the impact of COVID-19 on both personal lives and businesses has had long-term consequences. At the end of September, the number of COVID-19 cases fell just short of 350 million, with just over 1 million deaths reported. The expectation of a second peak in many countries exposed to the deadly illness is being handled with care, with many governments attempting to minimize the impact of an extreme rise in cases. COVID-19
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How Parkland Leverages Machine Learning, Geospatial Analytics to Reduce COVID-19 Exposure in Dallas
What You Should Know: - How Parkland Center for Clinical Innovation developed a machine learning-driven predictive model called the COVID-19 Proximity Index for Parkland Hospital in Dallas. - This program helps frontline workers to quickly identify which identify patients at the highest risk of exposure to COVID-19 by using geospatial analytics. - In addition, the program helps triage patients while
improving the health and safety of hospital workers as well as the friends
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Industry 4.0 in Life Sciences: A “5C” Point of View
McKinsey & Company describes Industry 4.0 as the next phase in the digitization of the manufacturing sector that is being driven by four disruptions: the astonishing rise in data volumes, computational power and connectivity, especially new low-power wide-area networks; the emergence of analytics and business intelligence capabilities; the new forms of human-machine interaction, such as touch interfaces and augmented reality systems; and the improvements in transferring digital instructions
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4 Pillars of Value for AI in Medical Imaging
At ECR this year, there were over 25 independent software vendors (ISVs), many of them start-ups, showcasing artificial intelligence (AI) solutions for medical imaging within a dedicated space. Additionally, with established imaging vendors foraying into the AI space, what was once the hype is now in the early stages of market maturity, and, it appears, AI within medical imaging is here to stay. The question has now shifted to what clinical value AI solutions can provide, rather than if AI is
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Figure 1 Lands $10M to Expand “Instagram for Doctors” App
Figure 1, a Toronto-based digital health startup known as the “Instagram of Doctors” app has raised $10 million in Series B funding led by Kensington Capital Partners. The round included participation from Samsung and insurance conglomerate John Hancock/Manulife, it included Hedgewood and WTI.Founded in 2012, Figure 1’s HIPAA-compliant app, health-care professionals can share high-quality medical images organized by anatomy and specialty including X-Rays, MRIs, CAT scans, ECGs, and EKGs for
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Figure 1 Raises $5M For its “Instagram for Doctors” App
The Toronto-based startup Figure 1, whose medical photo sharing app used by more than 500k medical professionals across 100 counties has raised $5 million in funding from Union Square Ventures as well as existing backers Version One Ventures, Rho Canada Ventures and Graph Ventures. Investors also include Allen & Co. and individual investors. The latest funding round brings the Canadian digital health startup's total funding to $9 million. The company plans to utilize the funding to
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20 Promising Canadian Digital Health Companies to Watch
“A company’s odds of success are better the closer they can get to their market,” argues Stephen Hurwitz, a thought leader in the Canadian venture capital industry, recognizing that the proximity to a VC-tech hub can help the success rate of Canadian startups. A socialized healthcare system, Canada’s market is fragmented by province and type of care – most primary and emergency care is free for residents whereas specialty care, prescription drugs, long-term and in-home care amongst others,
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