A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Radiology | Medical Imaging | News, Insights, Analysis - HIT Consultant
Consumerization of Healthcare: Why Differentiation is Critical for Clinics
The consumerization of healthcare is upon us. As retail pharmacies expand their reach and giant tech companies such as Apple and Amazon enter the market, we are transitioning from patients to healthcare consumers with more options and more purchasing decisions to make.
Whether this shift will prove beneficial to overall health remains to be seen, but one thing is clear: patients are being faced with an increasing number of decisions to make that have immediate effects on health and wellbeing.
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Healthcare M&A: How Carestream Will Change Philips Strategy in Imaging Informatics
Earlier this month, Philips Healthcare announced it had signed an agreement to purchase the IT business (HCIS) of Carestream Healthcare for an undisclosed amount. The deal, expected to close in the second half of the year, is one of the largest M&A moves in the imaging informatics market for some time. While it was one of the worst kept secrets in the industry that the owners of Carestream were looking for a buyer, the decision to split off the HCIS business of Carestream was more of a
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4 Pillars of Value for AI in Medical Imaging
At ECR this year, there were over 25 independent software vendors (ISVs), many of them start-ups, showcasing artificial intelligence (AI) solutions for medical imaging within a dedicated space. Additionally, with established imaging vendors foraying into the AI space, what was once the hype is now in the early stages of market maturity, and, it appears, AI within medical imaging is here to stay.
The question has now shifted to what clinical value AI solutions can provide, rather than if AI is
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Visla Labs Raises $3M for AI Medical Diagnostics Platform for Radiology
Visla Labs, a San Francisco, CA-based AI medical diagnostics platform for radiology has raised $3M in seed funding led by Lux Capital with participation from former Twitter CEO and COO Dick Costolo and Adam Bain, as well as prominent healthcare experts and advisors. Founded in 2018 by serial entrepreneurs Kevin Quennesson, Wei-En Tan and Alessandro Sabatelli, Visla is collaborating with major hospitals, industry veterans, and award-winning physicians to re-invent the imaging experience with
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Why Are Hospitals Still Using CDs to Exchange Medical Images with Patients?
For nearly two decades, CDs have been the primary medium for medical image exchanges between providers and patients. In the mid-1990’s, CDs provided a solution to the point-of-care and transportation issues of bulky, static film and reports. Recent years have brought a widespread adoption of electronic methods for storing and sharing information in the healthcare sector---namely EMR and now interoperability. Despite the rapid (and necessary) adoption of HIT, CDs remain the primary means of
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Value-based Care Success: 7 Stages of the Health Data Life Cycle
Back in the day – the late 1960s, when social norms and the face of America was rapidly changing – a familiar public service announcement began preceding the nightly newscast. “It’s 10 p.m. Do you know where your children are?” Today, as the healthcare landscape changes rapidly with a seismic shift from the fee-for-service payment model to value-based care models, there’s a similar but new clarion call for quality healthcare: “It’s 2018. Do you know where your data is?”Compliance with the
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Mercy Technology Services (MTS) Extends PACS Imaging Solution to Hospitals Everywhere
Mercy Technology Services (MTS), the IT backbone of one of the largest Catholic health systems in the nation, today announced it will launch a new picture archiving communication system (PACS) imaging solution. Built on a foundation of proven hosting services and success in helping Mercy’s radiologists achieve increased efficiency and decreased report turnaround time by up to 50 percent, MTS will become the first health care provider to extend PACS as Service to hospitals across the country.MTS
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Dicom Systems De-identifies 5.3 Million Radiology Exams
Dicom Systems, Inc., a leader in Enterprise Imaging IT, announced the completion of a large-scale de-identification project for Hospital for Special Surgery ("HSS") in New York, the global leader in musculoskeletal health and the leading orthopedic hospital in the U.S. The HSS Global Innovation Institute, which collaborates with industry, investors, and entrepreneurs to commercialize their portfolio of technologies, has partnered with an AI company to develop algorithms targeted to address the
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4 Barriers to Overcome Before AI in Medical Imaging Becomes Mainstream
The world market for artificial intelligence (AI) in medical imaging, comprising software for automated detection, quantification, decision support, and diagnosis, is forecasted to reach $2 billion by 2023, according to a new report from Signify Research, an independent supplier of market intelligence and consultancy to the global healthcare technology industry. The report, “Machine Learning in Medical Imaging – 2018 Edition” provides a data-centric and global outlook on the current and
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