From the first artificial skin to driverless cars that navigate busy streets with ease, 2019 brought a dazzling array of artificial intelligence (AI) discovery. In 2020, the progress made toward AI-fueled collaboration will be as critical as AI innovation—especially in healthcare.
We’ve reached a point where AI has proven its utility. In radiology, for example, AI is well-oriented to interpret diagnostic imaging studies, with FDA approval given to AI algorithms that diagnose a collapsed lung or
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Executive Insights: Top Healthcare Predictions & Trends to Watch in 2020
As we close out the year, we asked several healthcare industry executives to share their predictions and trends for 2020.
Robbie Hughes, Founder, and CEO, Lumeon
“Following the announcement of the Trump administration's price transparency requirement – and the ensuing backlash from hospital groups – the issue of price transparency will dominate the healthcare industry next year. Regardless of the outcome of the lawsuit, I expect we'll see more attention around the importance of the
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4 Digital Health Tools for Combating Opioid Addiction in 2020 & Beyond
The human and economic statistics surrounding the opioid epidemic are staggering. According to the U.S. Department of Health and Human Services, 11.4 million people have misused prescription opioids, and more than 130 people die daily from opioid-related drug overdoses.Moreover, the Society of Actuaries found that the total economic burden of the opioid crisis in the United States from 2015 to 2018 was at least $631 billion. The organization attributed nearly one-third of that cost to extra
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How Back-End Technologies Will Help Improve Patient Outcomes In 2020
For years, healthcare organizations have faced unique barriers to technological innovation. Enterprise-wide issues of disconnected systems and data, the slow speed of application creation, implementation, and maintenance, a lack of mobile capabilities, and the challenges of ensuring security, privacy, and compliance have made it difficult to innovate quickly to improve patient outcomes.
However, this paradigm is changing. In 2020, we will see big changes as healthcare organizations embrace the
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Top 60 Health IT/Digital Health Mergers & Acquisitions in 2019
- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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4 Ways to Make Security Training A Priority in Your Healthcare Organization
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Healthcare finally made the shift–it went digital. Overdue, perhaps – and maybe less rapid than the transition by other industries – but nonetheless notable. The age of the Internet of Medical Things (IoMT) has dawned, and healthcare is riding the wave. You go, healthcare!
For healthcare organizations, the advent of IoMT means new technology tools like smart medical devices extending and streamlining care throughout the hospital. This gives clinicians more mobility and more efficiency
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KLAS: State of Value-Based Care Consulting In A High-Performing Market
- Latest KLAS report examines nine firms that provide value-based care consulting services to explore the types of work these firms do (and for who), how consistently the firms perform across clients, the outcomes they deliver, and the factors that drive these outcomes.- KLAS identifies Deloitte, Lumeris, Navigant, PwC, Optum, Premier, Chartis Group, Health Catalyst, and Milliman are named top performers excelling within different scopes of engagement and recommended by their clients.
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What Will It Take To Build The Uber of Medical Records? 3 Critical Steps to Consider
Our healthcare system has struggled with data silos and clumsy, antiquated data sharing practices forever and a variety of stakeholders will need to work together to achieve anything close to an “Uber of medical records.”
It’s well documented and understood that the healthcare industry has historically been slow to adopt new technology while other business sectors have welcomed it with ease. For example, while most industries abandoned the fax machine in the 1990s, as recently as 2017, fax
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DrFirst’s Patent-Pending AI-Based Tech Solves Major Hurdles to Medication Reconciliation
- DrFirst announced a pending patent for AI technology today that breaks down the “prescription language barriers” between different EHRs – a crucial step in the process to avoid adverse drug events – solving a once intractable problem faced by hospitals. - The new U.S. patented tech uses an advanced approach for applying AI to unstructured medical information to process free text into appropriate data fields of the EHRs, infer missing prescription elements based on context, and convert free
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Addressing Healthcare’s IT Security Oversight Challenges
Data theft within the healthcare sector continues to skyrocket, led by third-party data breaches and phishing attacks. Halfway through 2019, the number of patient records breached already exceeds the 2018 number by more than 10 million. Perhaps most concerning, many of the breaches lasted weeks or months before they were discovered.
Many health executives lack direct technology experience relevant to the healthcare industry, according to a Black Book Research survey of 308 executives. In
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