What You Should Know: - RedHill Biopharma, a specialty biopharmaceutical company, and ObvioHealth, a global virtual research organization, have partnered on the largest remote clinical study for a new at-home COVID-19 treatment, Upamostat. - The trial is being performed completely remotely in patients’ homes using ObvioHealth’s clinical trial ecosystem including digital devices, a patient-centric smartphone application and home healthcare visits. - The randomized, double-blind,
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11 Best Practices of a Successful Care Model Transformation Plan
Health systems across the country will require a plan to react to government deep spending cuts and revenue shortfalls due to the COVID-19 pandemic. Hospital services have seen a significant downturn in demand in 2020, and the recent resurgence in cases has led to further decreases. The public health emergency has also resulted in innovation, most notably telehealth, which has been granted temporary pay parity during the pandemic. Still, hospitals and health systems face a year of losses, but
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M&A: Ro Acquires On-Demand, In-Home Platform Workpath
What You Should Know: - Ro announced it has acquired Workpath, a technology
platform that powers on-demand, in-home healthcare and diagnostics services
nationwide. - Through this acquisition, Ro’s platform will now
uniquely bring together a patient's doctor, pharmacy, and
diagnostics/lab--offering a personalized, end-to-end experience with no
insurance required. - Ro is also announcing a partnership with Quest
Diagnostics, which operates more than 2,200 locations nationwide, to
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While We Wait for 5G, Is Wi-Fi or Cellular Better for RPM Solutions?
Many in the healthcare industry are keeping an eye on the rollout of 5G wireless, which promises to connect people and things at higher speed and lower latency. In the healthcare realm, this means high-resolution images such as CT scans and X-rays can be taken and transmitted instantaneously to doctors. But it also means good things for lower-bandwidth applications, such as the volumes of rich data found in home healthcare applications. One of the beneficiaries of 5G will be remote
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CareLinx, Doctor On Demand Partner to Bring In-Home Virtual Care to Seniors
What You Should Know: - Doctor On Demand and CareLinx, one of the largest professional networks for in-home care, have announced a collaboration to bring in-home virtual care services to CareLinx clients. - At a time when seniors have been encouraged to stay home to avoid exposure to COVID, Doctor On Demand’s partnership with CareLinx will vastly improve their opportunity to receive comprehensive healthcare while remaining safe. After being the first and only
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M&A: Anthem Reportedly in Negotiations to Acquire CareCentrix
What You Should Know: - Health insurer Anthem
is in late-stage negotiations to acquire home healthcare benefits manager CareCentrix, according to PE Hub. - PE Hub reports
that customer concentration issues have been a factor in negotiations; however,
the deal is far from certain. - Backed by growth private equity firm Summit Partners, East Hartford, CT-based
CareCentrix provides specialty benefit management services to health plans,
improving quality and reducing costs in several
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CareAcademy Lands $9.5M for Online Training Platform for Senior Care
What You Should Know: - CareAcademy raises $9.5 million in Series A funding to expand its online training platform for senior care professionals to deliver the highest caliber of service and improve the lives of older adults. - Series A round signals massive market opportunity as CareAcademy seizes a greater share of online caregiver training; brings total company funding to more than $13 million. CareAcademy, a Boston, MA-based home care & home health workforce empowerment
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Op-Ed: Health Care Is Too Important To Stay The Same
Virtually every business around the globe is contending with how to improve the consumer experience in an era of digitization. We live in a world where you can calculate the fastest route to your destination, order dinner to be delivered, have groceries loaded into your fridge, and livestream content from around the world – all from the palm of your hand. So why have we not seen the same strides in health care? In part, because of the inability of patients to access and control their own
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3 Ways IoT Sensors Can Improve Care for Aging Populations
- As the aging population grows, IoT-sensors and enabled devices can fill in the gaps where families lack visibility and nurses lack time or resources.
Healthcare has arrived at a critical inflection point. Baby boomers, the largest living generation of 72 million people, are reaching the age where they require more care. This surge in seniors coincides with other care-related variables, including Baby Boomers’ evolving lifestyle expectations and the current nursing shortage. Providers,
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ChristianaCare Partners with Cedar to Personalize Patient Financial Experience
- ChristianaCare partners with Cedar, a patient engagement and payment technology platform to modernize and personalize the patient financial experience for ChristianaCare patients.- Beginning this spring, the new payment experience will be implemented for most ChristianaCare services, including its primary and specialty care, imaging, labs, rehabilitation services and more.ChristianaCare today announced a new collaboration with Cedar, a patient engagement and payment technology platform that
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