IBM Watson Health announced plans to make a 10-year, $50 million investment in joint research collaborations to advance the use of artificial intelligence (AI) to tackle public health issues. Brigham and Women’s Hospital – the teaching hospital of Harvard Medical School – and Vanderbilt University Medical Center have been selected as joint research partners. AI Research Focus AreasThe initial areas of study are expected to include the use of AI to improve the utility of electronic health records
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HIMSS19 Day 2 Announcements & Summary
Accenture: Millenials & Gen Z Are Shifting to Virtual, Retail, Clinic, Digital CareMillennial and Gen Z consumers in the U.S. are rapidly adopting non-traditional care models, such as retail clinics, virtual and digital services, according to results of an Accenture survey of 2,000 consumers.Key findings of the survey study include:- When considering traditional in-person care, millennials (ages 22 to 38 in 2019) were two to three times more likely than baby boomers (ages 55 to 73) to be
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Francisco Partners Acquires Qualcomm Life, Renames as CapsuleTech
Francisco Partners ("FP"), a Silicon Valley-based technology-focused private equity (PE) firm, today announced it has acquired Qualcomm Life, Inc. a wholly owned subsidiary of Qualcomm Incorporated that offers end-to-end medical device connectivity across the continuum of care. Financial details of the acquisition were not disclosed. Renames Qualcomm Life as CapsuleTechQualcomm Life will be separated from Qualcomm, be renamed as Capsule Technologies, Inc. ("CapsuleTech"), and continue operating
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Livongo Acquires Digital Behavioral Health Solution myStrength
Livongo Health, an Applied Health Signals company empowering people with chronic conditions to live better and healthier lives, today announced that it has acquired Denver-based myStrength, Inc., a provider of digital behavioral health solutions. Financial terms of the acquisition were not disclosed. The acquisition enables Livongo to more fully address the health of the whole person by integrating behavioral health conditions including depression, anxiety, stress, substance use disorder,
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape
The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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Healthcare Organizations: Leveraging Health IT to Maintain Worker Safety and Compliance
Healthcare workers face more injuries than those in any other sector, according to the U.S. Department of Labor. But many of these incidents – whether due to employee negligence, improper training or an institutional lapse in adherence to workplace protocol – are easily avoidable through strict compliance with OSHA standards and a robust culture of safety across the industry. Healthcare facilities can dramatically improve safety for workers and patients by prioritizing compliance and employing
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AMA-RAND Study: Physician Payment Models are Becoming More Complex
According to a new joint study by the RAND Corporation and the American Medical Association, physician payment models are becoming more complex and the pace of change is increasing, creating challenges for physician practices that might hamper their ability to improve the quality and efficiency of care despite their willingness to change.The study is a follow-up to a similar one conducted in 2014 to assess how physician practices were responding to alternative payment models. These models are
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Wellframe Granted Patent for Mobile-Enabled Care Interventions to Monitor Ongoing Patient Progress and Improve Patient Compliance
Wellframe, a Boston, MA-based mobile-enabled care management solution has been awarded a patent for a mobile-enabled method to monitor and improve patient compliance with care programs. Wellframe’s mobile-enabled care solution extends the reach and effectiveness of a clinical team by delivering a customized, interactive, daily health checklist to patients on their smartphone or tablet, collecting valuable, day-to-day-health information, and enabling high-touch, sustained, and supportive
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Nuance & Partners HealthCare Team Up to Accelerate Adoption of AI Apps for Diagnostic Imaging
Nuance today announced the signing of a multi-year strategic agreement with Partners HealthCare. The two organizations will optimize the process for rapid development, validation and utilization of artificial intelligence (AI) for radiologists at the point of care, and Nuance intends to make the new algorithms available through the Nuance AI Marketplace for Diagnostic Imaging.The collaboration will be executed through the recently formed Massachusetts General Hospital ("MGH") and Brigham and
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GE, Houston Texans to Fund 2-Year Concussion Telemedicine Pilot
The Houston Texans and GE are teaming up with the Houston Methodist Concussion Center to fund a two-year concussion telemedicine pilot to bring specialized concussion care to student athletes at 19 rural school districts in Texas. As part of the pilot, when a student athlete is injured in a game or practice with a suspected concussion, a Houston Methodist athletic trainer will go to the school or training facility to administer a comprehensive concussion evaluation, including a neurologic and
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