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Backed by $5M Grant, Butterfly Network Deploys 500 Devices to Healthcare Workers in Kenya

by Fred Pennic 09/22/2022 Leave a Comment

Backed by $5M Grant, Butterfly Network Deploys 500 Devices to Healthcare Workers in Kenya

What You Should Know: - Butterfly Network announce the deployment of 500 Butterfly iQ+ devices, the world’s only handheld, whole-body ultrasound probe, to healthcare practitioners in Kenya to advance maternal and fetal health. - This deployment is part of a $5 million grant from the Bill & Melinda Gates Foundation to expand access to medical imaging across Sub-Saharan Africa. Why It Matters According to the World Health Organization Regional Office for Africa1, about 830 women
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Healthcare Data Lake: The Key to Operating a Data Informed Organization

by Tom Laughlin, AVP, Premier Client Services, Inovalon 09/22/2022 Leave a Comment

Healthcare Data Lake: The Key to Operating a Data Informed Organization

Two decades ago, business priorities within a healthcare organization were largely driven by a select few executive visionaries. Today, the most successful healthcare organizations are using data to validate ideas and further refine them through advanced studies and predictive models. The data-informed healthcare organization has come of age through recent advances in data technologies, a surge in artificial intelligence and machine learning capabilities,
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Naveris Raises $51M for Early Detection of Viral-Driven Cancers

by Syed Hamza Sohail 09/21/2022 Leave a Comment

Naveris Raises $51M for Early Detection of Viral-Driven Cancers

What You Should Know: - Naveris, Inc., a commercial-stage life sciences company dedicated to improving patient care through earlier detection of viral-driven cancers, recently announced a $33.4M expansion of its Series A financing, bringing the total investment in Naveris to $51M. - The financing was led by Gurnet Point Capital, joined by TechU Ventures and BrightEdge, the impact and venture capital arm of the American Cancer Society. Using DNA Fragmentomics Technology to Detect
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BrightInsight & bioMérieux Partner to Develop Clinical Digital Solution for Diagnostics

by Syed Hamza Sohail 09/21/2022 Leave a Comment

BrightInsight & bioMérieux Partner to Develop Clinical Digital Solution for Diagnostics

What You Should Know: - BrightInsight, Inc., provider of the leading global platform for biopharma and medtech regulated digital health solutions and bioMérieux, a world leader in the field of in vitro diagnostics, announced today a partnership to develop and bring to market a Clinical Digital Solution for diagnostics enabling clinical decision support for disease areas across their diagnostic tests. - bioMérieux will launch a digital solution for diagnostics leveraging the compliant
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Lyfegen Raises $8M for Value-Based Contracting for High-Cost Drugs

by Jasmine Pennic 09/20/2022 Leave a Comment

Lyfegen Raises $8M for Value-Based Contracting for High-Cost Drugs

What You Should Know: - Lyfegen, a global health tech SaaS company driving the world’s transition from volume to value-based healthcare for high-cost drugs raises $8M in Series A financing round led by aMoon, with additional participation from APEX Ventures and others. - Lyfegen’s value-based contracting software is used by healthcare payers and leading pharma companies, including Novartis, Roche, MSD, Bristol Myers Squibb (BMS) and Johnson & Johnson. Value-Based
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Physicians and Technology: A Blessing or a Curse?

by David Lundquist, MD, Chief Medical Officer, Augmedix 09/20/2022 Leave a Comment

Physicians and Technology: A Blessing or a Curse?

Burnout is a growing situation that has been slowly undermining the productivity of physicians and their staff. And in recent years, it’s gotten worse as demands from patients, documentation, and regulatory requirements increase. Adding to the situation are challenges related to added technology, the need to be virtual and to meet patients where they are, and the need to keep up with constantly changing information and landscape in terms of what our patients need from us. Kirk Davis,
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4 Factors Driving Healthcare Transformation in 2022 to Watch

by Anish Sebastian, CEO and Co-founder, Babyscripts 09/19/2022 Leave a Comment

Bullshit Metrics: Is Patient Engagement Real?

As the healthcare industry becomes more interconnected in response to a wide range of economic and societal factors, the landscape is changing for all parties involved, including payers, providers, and patients.  In a dynamic time for the industry, here are four of the main factors driving the changes and what they mean for the primary stakeholders: The lines between traditional and digital are blurring As startups and traditional providers race to meet their patient's
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Inflation Could Result in Additional $370B in Healthcare Costs by 2027

by Syed Hamza Sohail 09/19/2022 Leave a Comment

Inflation Could Result in Additional $370B in Healthcare Costs by 2027

What You Should Know: - McKinsey & Company’s latest report reveals inflation could result in $370 billion in an additional increase above the baseline in healthcare costs by 2027, causing the government, employers and consumers to burden the cost. - The piece showcases the impact healthcare inflation will have over the next five years without immediate action, threatening affordability and access to care for consumers, and posing a material risk to profitability for providers, payers,
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Report: 2022 KLAS Emerging Solutions Top 20

by Syed Hamza Sohail 09/19/2022 Leave a Comment

Report: 2022 KLAS Emerging Solutions

What You Should Know: - KLAS asked 16 prominent members of the healthcare community with broad HIT expertise to read 42 KLAS reports on emerging technology and rate their perception of the solutions based on their potential to impact the Quadruple Aim of Healthcare: to improve outcomes, reduce the cost of care, improve the patient experience, and improve the clinician experience. - The new report by KLAS (1) ranks these emerging solutions by their ability to disrupt the
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Michigan Health Information Network Taps PointClickCare to Expand Its Network Throughout Michigan

by Syed Hamza Sohail 09/19/2022 Leave a Comment

Michigan Health Information Network Taps PointClickCare to Expand Its Network Throughout Michigan

What You Should Know: - The Michigan Health Information Network (MiHIN), the nonprofit state-wide health information network, recently announced that it is partnering with PointClickCare Technologies, the largest post-acute electronic medical record vendor in the country, to advance and deepen healthcare collaboration, care coordination, and interoperability by offering access to real‐time insights at any stage of a patient’s journey. - Although Michigan has experienced
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