According to Grand View Research, the global artificial intelligence (AI) in the healthcare market size was valued at USD 15.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030, to reach an estimated USD 208.2 billion. That’s an impressive growth rate, indicating the expected value delivery to a mostly early-phase adoption of AI in the healthcare marketplace. With such aggressive predicted growth, many health industry professionals
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Patents
Healthcare in Denial: The State of Claims in 2023
How do you solve a persistent and growing problem like claims denials? It’s been a hot topic for revenue cycle management professionals for years that’s only getting hotter with the increasing pressures of staffing shortages, challenges with staff turnover and training and ever-changing policies and protocols at the government and payer levels. On the macro-economic level, denials contribute mightily to the growing problem of uncompensated care in America, currently estimated at $43
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Portfolia Invests in Xandar Kardian for Health Monitoring
What You Should Know: - Portfolia, the world’s most powerful community of women investors, has officially announced a significant investment in Xandar Kardian from the firm’s Active Aging I and Active Aging II funds. Portfolia’s investment represents a core contribution to Xandar Kardian’s $10 million Series A Funding round. - Portfolia sees Xandar Kardian’s impact extends well beyond the traditional hospital room, with impressive potential growth opportunities into a wider
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Think Retail: What the Medical Supply Industry Can Learn from the Marketplace Revolution
Through years of disruption and advancement, the retail industry has evolved tremendously to meet the increased demands of a broadening consumer base. However not every industry – and most notably healthcare — has progressed with the times and buyers’ needs. The healthcare supply chain specifically must expand beyond its antiquated roots to better serve buyers. Just as in retail, where the U.S. has seen exponential growth over the last 20 years, according to the U.S. Census Bureau, the
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COVID-19 Health Systems Impact: What Will Stop The Cash Hemorrhage?
The material cost of COVID-19 has been at the center of public discourse since the early days of the pandemic. In 2020, growth in federal government spending on healthcare increased 36 percent, compared to the 5.9 percent bump in 2019. While the distribution of vaccines has allowed for a version of pre-pandemic life to resume, hospitals are still not recovered from the high rates of hospitalizations that occurred in March 2020, and the indirect costs of the pandemic continue to loom over the
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High Inflation is Driving The Deferment of Necessary Medical Care
Inflation continues to be a burden – food, gas, holiday spending, new year’s goals This past year has been especially challenging as inflation costs continue to touch all aspects of daily life, leading to tough choices for many consumers as we finished the holiday season and look to goals and planning for 2023. In fact, two out of five (40%) survey respondents said inflation changed the way they shopped for the holidays. As consumers adjust their spending habits, many are finding
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Valencell Unveils Calibration-Free, Cuffless Blood Pressure Monitor
What You Should Know: - Valencell, the company whose optical heart rate technology enabled the ability of wearables to accurately measure cardiovascular vitals during exercise, today announced plans to launch its own branded product line in the digital health sector as it concentrates efforts to bring solutions to market to manage chronic diseases. - The company’s first product candidate being showcased at CES is focused on helping people monitor and manage hypertension by combining
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Non-Invasive, Precision-Based Approaches for Diagnosis and Treatment of Inflammatory Skin Conditions
Inflammatory skin conditions such as atopic dermatitis, psoriasis, vitiligo, hidradenitis suppurativa and others impact a significant portion of the U.S. population. In fact, nearly half of all visits to primary care physicians include some level of dermatological indication. Many of these dermatologic conditions are accompanied by pain and severe discomfort for affected patients, and the resulting morbidity of the condition may have a negative impact on mental health, self-esteem and overall
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Building a Healthier Future with Real Wireless Power
One of the lessons of the COVID-19 pandemic has been that healthcare facilities need to scale up operations quickly to respond to a public health emergency and that doing so is a significant challenge. In the early days of the pandemic, hard-hit cities like New York and others had to set up mobile hospital units or access additional capacity through military hospital ships. In an emergency like the pandemic, staffing shortages remain a persistent problem, but expanding facility
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Rockley Photonics Develops Smaller, Powerful Chip for Health Wearables
What You Should Know: - Rockley Photonics Holdings Limited, a global leader in photonics-based health monitoring and communications solutions, recently announced that it has developed what it believes to be the world’s first micro-transfer-printed (mTP) silicon-photonics-based laser for commercial applications. - This groundbreaking achievement is expected to allow Rockley to further increase the density and reduce the size of its high-density spectrophotometer chips — which are already
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