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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Patient Experience| How Digital Health Solutions is Transforming the Patient Experience | |News, Analysis, Insights - HIT Consultant
Wheel Acquires GoodRx Care Backend Tech for $19.5M
What You Should Know: - Virtual care company Wheel acquires GoodRx Care’s backend virtual care technology, including its clinician-centric EMR, powerful clinical management tools, and flexible patient experience software for $19.5M in cash. - As part of the acquisition, Wheel will integrate GoodRx Care’s underlying technology to expand its existing virtual care platform capabilities and GoodRx will continue to own the consumer-facing GoodRx Care website and mobile app. GoodRx will continue
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The Common Denominators of Sustainability in Healthcare: Measurement and Transparency
The global healthcare industry accounts for roughly 5% of greenhouse gas emissions. That is about the same as the cement and chemical industries combined, and more than that of the aviation and shipping industries together. In the United States, the number is even higher: roughly 8.5% of U.S. carbon emissions emerge from healthcare. One might argue, from a carbon-intensity perspective, that is not too bad for an industry comprising nearly 20% of U.S. economic output. But then, one might also
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18 HLTH 2022 Predictions from Digital Health Executives to Watch
Before HLTH 2022 kicks off next week in Las Vegas, we asked 18 digital health executives for their predictions and major themes to expect at HLTH. 1. Keith Reynolds, Chief Operating Officer at Welldoc Access to care is a central focus for healthcare given several factors: a growing population being impacted with chronic conditions, increased resourcing constraints, and growing fatigue and workload among providers. A recent study indicated that it would require a PCP 26.7 hours/ day
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Why Data Transparency Is the Most Important Metric for Healthcare Providers Right Now
Healthcare providers all over the world are battling with how to take patient information and patient care digital. How can we use the tools and technology at our fingertips to make treating patients easier and more effective, rather than more complicated? Converting data into useful information will be the key to making this transition successful. Data is the currency, language, form, and function of digital transformation in healthcare. Having an easily accessible data warehouse and
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Zelis Acquires Healthcare Payment Reimbursement Solutions Payspan
What You Should Know: - Zelis, a company modernizing the business of healthcare, announced today the completion of its acquisition of Payspan, a leader in healthcare electronic payment and reimbursement automation services. Financial terms of the transaction were not disclosed. - The acquisition will accelerate Zelis' mission to modernize the business of healthcare through a connected platform and expansion of offerings for healthcare insurers, providers, and their members. Improving
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BioIntelliSense and Medically Home Partner to Enhance High Acuity Hospital Care at Home
What You Should Know: - BioIntelliSense, Inc., a continuous health monitoring and clinical intelligence company, today announced it has entered into a strategic partnership with Medically Home Group, Inc., a technology-enabled services company that is at the forefront of the movement to decentralize care for serious or complex illnesses. - The collaboration further expands the availability of continuous biometric data and insights to physicians and nurses caring for patients in the
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3 Questions Healthcare IT Leaders Should Ask Before Implementing AI in Their Operations
Artificial intelligence (AI) and automation are no longer nice-to-have technologies for healthcare providers. They are mission-critical tools for addressing significant challenges many health systems and hospitals face today — from volatile patient volumes to ballooning labor costs and staffing shortages to low operating margins. Many of these challenges are macro-level economic trends that will continue to prevail for the foreseeable future. According to research from Kaufman Hall,
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a16z Bio+ Health Partners with Bassett Health to Bring Digital Health Solutions to Rural New York
What You Should Know: - Andreessen Horowitz (a16z) Bio + Health fund today announced a strategic partnership with Bassett Healthcare Network, an integrated healthcare system in central New York state. - The strategic partnership aims to leverage digital healthcare technologies from a16z’s portfolio companies to address the inequities and systemic challenges of delivering high-quality healthcare to rural patient populations through Bassett Healthcare Network. Leveraging Digital Health to
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Rising Healthcare Costs Tops Reason Patients Defer Healthcare
What You Should Know: - Cost concerns increasingly outweighed worries about the pandemic as the top reason Americans deferred healthcare, according to a new study by Qualtrics, the leader and creator of the experience management category. - Between 2020 and 2022 the share of consumers deferring care because of pandemic-related health concerns decreased by 11 percentage points from 28% to 17% while the share of consumers deferring care because of cost concerns grew by four percentage
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