What You Should Know:
- One year ago, President Joe Biden and First Lady Jill Biden reignited the Cancer Moonshot, setting an ambitious, achievable goal: to reduce the death rate from cancer by at least 50 percent over the next 25 years, and improve the experience of people and families living with and surviving cancer, ultimately ending cancer as we know it today.
- The Cancer Moonshot has spurred tremendous action across the federal government and from the public and private
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Health Equity
Metaverse Operating Room Simulates Surgery on Cleft Lip & Palate
What You Should Know:
- Smile Train and BioDigital launched the first-ever cleft surgery virtual reality (VR) platform experience at the IMSH Conference in Orlando, Florida.
- The platform utilizes a “metaverse operating room” to simulate surgery on cleft lip and palate, a common birth condition that occurs when a baby’s lip or mouth does not form properly during pregnancy. The condition can cause difficulty with breathing, eating and speaking. If left
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HPS/PayMedix to Expand $25M for Healthcare Financing Solution
What You Should Know:
- Today, Health Payment Systems, Inc. (HPS)/PayMedix announced it has raised another $25M of funding to accelerate the growth of its PayMedix healthcare financing solution led by SVB Capital with partipcation from existing investors SV Health Investors, Hexagon, Inc. and Caltius Equity.
- PayMedix increases health equity for all consumers by guaranteeing full and prompt payments of all in-network allowed charges for
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Boosting Clinical Trial Recruitment Requires Humanity – and Technology
Clinical trials should be a time of promise for better patient outcomes, as they explore new ways to potentially help patients suffering from a variety of conditions. Instead, this phase of treatment development is often met with exasperation as patients, researchers, and drug developers deal with the many barriers to clinical trial recruitment and access.
There are two central – and intrinsically linked – problems with the current state of clinical trial recruitment in the U.S.:
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39 Organizations Sign Global Heath Equity Pledge to Advance Health Equity Globally
What You Should Know:
- Today, World Economic Forum announced that 39 organizations have signed the Global Health Equity Network Zero Health Gaps Pledge.
- The pledge includes 10 key commitments all signatories have made to embed health equity principles throughout their operations, workforce and guiding philosophies. It marks the beginning of an historic journey to making health equity an integral part of business strategies globally and an important step towards a world without health
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17 Executive Hospital/Health System Predictions to Watch in 2023
Vijay Kedar, Co-Founder and CEO at Tomorrow Health
Health systems will realize their challenges are not transitory but systemic: This year saw health systems facing a myriad of compounding threats – from historic inflation exacerbating their cost structures, front-line clinician burnout driving widespread labor shortages, and increased capacity issues that left patients in hospital facilities one full day longer than in the prior year. As the financial markets turned south, many institutions
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Edifecs and 3M Partner on Integrated Value-Based Payment Solution
What You Should Know:
- 3M Health Information Systems and Edifecs (a global health IT solutions provider) announced a collaboration and new unique solution for providers and payers that will accelerate the adoption of value-based payment (VBP) models.
- A new, combined solution that will overcome barriers that have previously prevented rapid adoption of VBP models. This advanced approach will allow payers and providers to quantify the value of preventing negative events and allocate
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Paytient Raises $63M to Expand Health Payment Accounts (HPAs)
What You Should Know:
- Paytient, the creator and leading provider of Health Payment Accounts (HPAs), today announced a $40.5M Series B funding round, bringing the company’s total funding to $63M. The funds, consisting of $33M in equity from new and existing investors and $7.5M in debt from Silicon Valley Bank, will be used to scale growth and product development in 2023 and beyond.
- The round was led by Utah-based growth fund Mercato Partners Traverse Fund, with participation from
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How Tech Can Improve Health Plan Performance & Star Ratings in 2023 & Beyond
The open-enrollment period that recently concluded for U.S. health plans was the first since the expiration of pandemic-linked changes to how Star Ratings were calculated. This is a period of major transition for the industry, with some health plans struggling to maintain their previous ratings and plan participants, who are now accustomed to home-based testing and treatment, expecting those services and features to continue. Fortunately, new technology can help health plans boost plan
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4 Ways to Prioritize Health Equity In Your Care-At-Home Program
The healthcare industry is in the middle of navigating two major trends: technology is moving into healthcare, and healthcare is moving into the home. As providers, payers, vendors, and industry newcomers scramble to figure out “who’s on first,” we all sense the possibility of this quantum leap moment for healthcare.
Many of our collective conversations right now are focused on a critical imperative for these emerging care models: improving health equity across racial, gender, age,
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