As we close out the year, we asked several healthcare executives to share their predictions and trends for 2021.
Kimberly Powell, Vice President & General Manager, NVIDIA Healthcare
Federated Learning: The clinical community will increase their use of federated learning approaches to build robust AI models across various institutions, geographies, patient demographics, and medical scanners. The sensitivity and selectivity of these models are outperforming AI models
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Patient Monitoring
DoD Awards $2.8M to Philips & BioIntelliSense to Validate Wearable for Early COVID-19 Detection
What You Should Know:
- Philips and BioIntelliSense has been selected by the
U.S. Army Medical Research and Development Command (USAMRDC) to receive nearly $2.8M
from the U.S. Department of Defense (DoD) to validate BioIntelliSense’s
FDA-cleared BioSticker device for the early detection of COVID-19 symptoms.
- Working with the University of Colorado Anschutz
Medical Campus, the clinical study will consist of 2,500 eligible participants
with a recent, known COVID-19 exposure and/or a
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COVID-19 Exposed The True Vulnerability of Healthcare Infrastructure
In 2019, 41 million patient records breached in 572 reported incidents at an average cost of $1.8 million per breach. These statistics are far from surprising with healthcare records selling for a reported average of $45 on the dark web. Unfortunately, the year 2020 aggravated these issues as COVID-19 exposed the true vulnerability of the healthcare infrastructure. Organizations not only had to manage the medical and financial impacts of the pandemic but also the security risks inherent in the
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M&A: Philips Acquires Remote Cardiac Monitoring BioTelemetry for $2.8B
What You Should Know:
- Philips acquires BioTelemetry, a U.S. provider of
remote cardiac diagnostics and monitoring for $72.00 per share for an implied
enterprise value of $2.8 billion (approx. EUR 2.3 billion).
- With $439M in revenue in 2019, BioTelemetry annually monitors over 1 million cardiac patients remotely; its portfolio includes wearable heart monitors, AI-based data analytics, and services.
- BioTelemetry business is expected to deliver double-digit growth and improve its
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Mount Sinai to Deploy Current Health’s RPM Solution to Enhance Oncology Patient Care
What You Should Know:
- Mount Sinai Health System will implement Current Health’s
remote patient monitoring (RPM) solution to allow oncology patients to recover
at home while being continuously and passively monitored by their care team.
- The implementation will reduce hospitalization events and prevent potential patient exposure to infection while bridging the digital health divide as more and more patients engage in telehealth.
Current Health
today announced that its remote patient
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DispatchHealth Launches New Clinic Without Walls for Enhanced Virtual Visits to MultiCare Patients
What You Should Know:
- DispatchHealth launches Clinic Without Walls, a new service line offering patients a telemedicine visit with in-person assistance for more complex medical visits.
- The initial service line will be available in a pilot to MultiCare patients in the Tacoma and Spokane areas in an effort to its senior patients' alternative visits during the pandemic.
DispatchHealth, a provider of in-home high-acuity medical care, today announced
the launch of Clinic Without
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Cerner, Banner Health, Xealth Partner to Simplify How Clinicians Prescribe Digital Health
What You Should Know:
- Cerner Corporation today announced with Xealth new
centralized digital ordering and monitoring for health systems, starting with
Banner Health, to foster digital innovation.
- Health systems can prescribe digital therapeutics, smartphones, and internet apps directly within the EHR to address areas such as chronic disease management, behavioral health, maternity care, and surgery prep.
Cerner, today announced it’s building on the recent collaboration with
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Ensuring Telehealth Providers’ Virtual Care Dollars Make Sense
Telehealth and virtual care are not brand-new phenomena suddenly cobbled together as a rapid response to the onset of the COVID-19 pandemic, but the average US patient could be forgiven for thinking that it is. Indeed, virtual visits to care providers and remote patient monitoring have been available for quite some time, delivering two key benefits:
- Providing a platform to address cost-efficiencies and accessibility to quality healthcare for the populace at large
- Playing a
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While We Wait for 5G, Is Wi-Fi or Cellular Better for RPM Solutions?
Many in the healthcare industry are keeping an eye on the rollout of 5G wireless, which promises to connect people and things at higher speed and lower latency. In the healthcare realm, this means high-resolution images such as CT scans and X-rays can be taken and transmitted instantaneously to doctors. But it also means good things for lower-bandwidth applications, such as the volumes of rich data found in home healthcare applications.
One of the beneficiaries of 5G will be remote
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8 Ways Advanced Analytics Can Help You Decide If Telehealth Should Be Temporary or Permanent
Over the past few months, primarily as a result of the COVID-19 pandemic, telehealth has gone from a “nice-to-have” to a “must-have” for healthcare providers. The surge of COVID-19 patients in the spring, coupled with “stay-at-home” orders in many states, meant that many patients in need of care for chronic conditions and other non-emergent health issues were unable to visit their providers face-to-face.
Telehealth became the emergency solution, aided by relaxation of government regulations
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