What You Should Know:
- Investors in the healthcare technology space believe a measurable return on investment (ROI) and clinical validation of the technology's platform will be the greatest indicators of company success in 2023, according to a new survey of top digital health investors by GSR Ventures.
- ROI was deemed "important" or "very important" to the success of digital health companies by more than 94% of investor respondents, and 79% for clinical evidence and trials.
Top
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Partners
UpStream Raises $140M to Expand Value-Based Care Model Nationwide
What You Should Know:
- Value-based care provider UpStream raises $140M in Series B funding co-led by Coatue and Dragoneer with additional participation from other top healthcare and technology investors, including Avidity Partners, Define Ventures and Mubadala. This round brings its total funding to nearly $185M to date.
- UpStream supports physicians operating under full-risk, value-based arrangements who are providing care to seniors on Medicare with an integrated platform that
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Does Data Hold the Key to Streamlining Provider Credentialing?
Provider credentialing is an essential part of healthcare. A provider cannot work or get paid without a proper license or credential, and yet this highly complex process is still done on paper (also sticky notes on file cabinets, Excel spreadsheets—you get the idea) by many healthcare organizations. Manually credentialing providers adds to an already lengthy process. One expired certificate or a delayed privileging request can prevent a provider from seeing patients for more than 60
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RSNA: NVIDIA Partners With NHS Trusts to Deploy AI Platform in UK Hospitals
What You Should Know:
- A consortium of 10 National Health Service Trusts — the publicly funded healthcare system in England — is now deploying the MONAI-based AIDE platform across four of its hospitals, providing artificial intelligence (AI)-enabled disease-detection tools to healthcare professionals serving 5 million patients a year.
- AIDE, short for AI Deployment Engine, is expected to be rolled out next year across 11 NHS hospitals serving 18 million patients, bringing AI
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HLTH22: 6 Digital Health Executives Share Key Takeaways
We reached out to six digital health executives for their key takeaways and reflection from attending the recent HLTH22 conference.
Sunny Kumar, MD, Partner at GSR Ventures, a $3B AUM venture firm investing in early-stage digital health companies.
The most fascinating element of HLTH 2022 were the concurrent contrasts. Set against a challenging macroeconomic environment with decreases in venture funding and near-daily headlines of large layoffs cutting across the tech ecosystem,
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How Will New FDA Hearing Aid Regulations Impact Health Plans?
The time has finally arrived. The Food & Drug Administration’s new over-the-counter (OTC) hearing aid regulations are now in effect and health plans are starting to explore what it means for them. Among the many questions they may need to grapple with, a few are particularly salient:
- How will the new rules impact their benefit offerings?
- What new opportunities will arise?
- What potential pitfalls should they be aware of?
Introducing OTC hearing
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AdvancedMD to Roll Out 35+ Updates in Major Product Release
What You Should Know:
- AdvancedMD announced its 2022 Fall product release that includes 35 new features added to its suite of all-in-one medical office and remote care cloud software. This marks one of the largest product release updates in AdvancedMD history, reflecting the robust nature of the leading cloud-based platform used by more than 40,000 practitioners across 13,000 practices, and 850 medical billing companies.
- AdvancedMD’s fall release ensures more unified and smoother
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HLTH22 Day 3 News Summary
DispatchHealth Raises $330M for Hospital-at-Home Care
DispatchHealth, a provider of in-home medical care raises $330M led by Optum Ventures with support from current investors such as Humana (NYSE: HUM), Oak HC/FT, Echo Health Ventures and Questa Capital. New investors included Adams Street Partners, the Olayan Group, Silicon Valley Bank, Pegasus Tech Ventures and Blue Shield of California. Patients and their care partners can request DispatchHealth medical care via phone, mobile app, or
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Edifecs Partners with Empowered-Home to Deliver Automated Prior Authorizations
What You Should Know:
- Edifecs and Empowered-Home announced a partnership to provide automated prior authorizations to medical associations, Accountable Care Organizations (ACOs), Independent Physician Associations (IPAs), medical groups, and home health care agencies.
- The Edifecs prior authorization solution combined with the clinical decision support system of patient management software company, Privis Health, forms the backbone of Empowered-Home’s ecosystem. Empowered-Home is
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Patent Awarded for Saliva-Based Test to Help Diagnose Concussion
What You Should Know:
- Quadrant Biosciences announced today that the U.S. Patent and Trademark Office (USPTO) has awarded the company and two of its academic partners, the State University of New York Research Foundation and the Penn State Research Foundation, with U.S. Patent No.11,453,914 for the analysis and prediction of mild traumatic brain injury (mTBI) and concussion symptoms.
- This research was first mentioned on CNN back in 2017.
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