Diabetes prevention is one of the biggest challenges in the healthcare industry as more than 37 million Americans (11.3% of the population) suffer from this debilitating chronic disease. As we close the year out, we sat down with Jon Bloom, MD, CEO and Co-founder of diabetic healthcare tech company Podimetrics to learn how the industry and his company are working to implement health equity change to serve patients living with advanced diabetes. The company’s FDA-cleared SmartMat provides a
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MD
Virtual Chronic Pain Startup, Override Launches with $3.5M
What You Should Know:
- Override, a new multi-specialty, virtual chronic pain solution founded by former US Secretary of Veterans Affairs, David Shulkin MD, and his daughter, Jennie Shulkin JD emerges from stealth with $3.5M. The seed round was led by 7wireVentures and Martin Ventures, with SignalFire and Confluent Health joining the round.
- In addition, Override has acquired the country’s leading pain management coaching business: Take Courage Coaching.
Virtual Chronic Pain
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PwC’s Health Services 2023 Deals Outlook – Volume Remains Resilient Against Headwinds
What You Should Know:
- While megadeals, trading multiples and overall deal values in the health services sector have not been immune to interest rate hikes and recessionary fears, PwC’s 2023 Health Services Deals Outlook report released recently forecasts a strong year ahead.
- Increasing transaction volumes and players embracing value-based care—coupled with large levels of corporate cash and private equity dry powder—are leading to continued expansion for deal volumes in 2023.
Trends
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CIMSS Acquires Medication Adherence App/Sensor RxCompli
What You Should Know:
- CIMSS has acquired RxCompli, a medication adherence provider of a personalized caregiver sensor/app that alerts patients to take their medications as prescribed.
- The acquisition offers a new technology platform to physicians that ensures their patients take the right medication at the right time. Financial details of the acquisition were not disclosed.
Non-Adherence of Medication is a Growing Problem in the USA
50% of patients do not take medications as
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EMRs Are Outdated, but Big Tech Is Not The Answer
Over a decade ago, the “meaningful use” clause in the United States Affordable Care Act incentivized Electronic Medical Record (EMR) adoption. The purpose of this directive was to improve the transfer of laboratory data to point-of-care clinicians to help us make better, more informed decisions for our patients.
In the years that followed, EMR systems have proliferated globally; countries like New Zealand, Norway, and the Netherlands are reporting EMR usage rates above 90% for primary care
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Primary Care Shifts to Pharmacy and Retail Clinic Settings, Survey Reveals
What You Should Know:
- Primary care is continuing to decentralize with more decisions made outside of primary care offices, according to a recent report by Wolters Kluwer.
- The Pharmacy Next: Health Consumer Medication Trends survey explores consumer sentiment amid this shift, and offers insight into what safeguards are needed to address their top concerns around medication-related care.
Research-Driven Prospects Regarding Changes in American Primary Healthcare
The Pharmacy Next:
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Brightside Health Launches Telehealth Program to Combat Suicide Epidemic
What You Should Know:
- Brightside Health today announced Crisis Care, a telehealth program treating individuals with elevated suicide risk. With the addition of Crisis Care, the company will expand its services to individuals experiencing acute suicidal thoughts and behaviors.
- While telehealth has improved access to mental healthcare, the majority of virtual mental health services only treat patients with low-to-moderately severe conditions. This
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Orbita Platform Increases Annual Revenue by $4M for Ohio Gastro
What You Should Know:
- Specialty group Ohio Gastroenterology expands its use of Orbita’s conversational AI platform after success in implementing its patient self-service features. Healthcare-specific, the secure Orbita platform leverages natural language processing to understand words and phrases people are comfortable with, rather than forcing them to use clinical terms. Conversational AI technologies help guide patients through thoughtful dialogs, which pose
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How Continuous Glucose Monitoring Can Alleviate Language Barriers in Diabetes Care
As an endocrinologist with 19 years of experience in treating patients with diabetes, one of the most important lessons I’ve learned is that communication is key.
Patients with diabetes live with the heavy burden of making choices and taking action every single day to manage their blood glucose levels. Thankfully, advancements in technology have come incredibly far, giving way to tools like continuous glucose monitors (CGM), automated insulin delivery systems and more. But for
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HeartSciences & Rutgers Partner to Develop AI-based ECG Algorithms
What You Should Know:
- Heart Test Laboratories, a medical technology company focused on saving lives by making an ECG a far more valuable screening tool through the use of Artificial Intelligence (AI), announced that it has entered into a multi-year collaboration agreement with Rutgers University (Rutgers).
- HeartSciences and Rutgers will collaborate to develop AI-based ECG algorithms, which are expected to accelerate HeartSciences’ product development pipeline and further expand the
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