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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Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know: - How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion. As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue than
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KLAS Healthcare BI & Analytics Report: Is Microsoft Gaining Momentum?
- New KLAS report finds Microsoft’s business intelligence (BI) solution has surged in the healthcare BI and analytics market, due largely to the option of packaging the solution with Azure, Microsoft’s cloud data storage solution. - KLAS report finds Microsoft is tied with Health Catalyst for the second most considerations in healthcare BI and wins nearly all deals in which they are considered. The healthcare business intelligence (BI) and analytics
market has become crowded, with
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Five Lessons Learned From Building A CRM for Pharma
We all know the pleasure of interacting with technology that does exactly what it’s designed to do. Whether it’s getting to your destination via Waze, reserving dinner through OpenTable or making an electronic payment through Venmo, applications that work have one important thing in common: they are designed with a purpose and are the true experts in getting exactly that thing done seamlessly.
But professional industry software, especially when it comes to healthcare, is a lot more complex.
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Mercy Launches a Nationwide Real-World Evidence (RWE) Network to Pool De-Identified Patient Data
Mercy Technology Services (MTS), the information technology arm of St. Louis-based Mercy health system, has launched a nationwide real-world evidence network to pool clinical data for advanced analysis. The new initiative aims to create a new model of curated data sharing among providers, drug and device makers, regulators and more to power better patient care.MTS Real-World Evidence (RWE) Network BackgroundDeveloped in partnership with global tech giant SAP, MTS’ new network aims to tap into
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Digital Twin Technology: Should Healthcare Jump on the Bandwagon?
While healthcare is known for not jumping to conclusions very fast when investing in new technology, the industry starts to pick up the pace. Such “newcomers” as blockchain, IoT, VR, and AR get a well-deserved appraisal and become an integral part of next-gen custom healthcare software aimed at supporting personalized treatment and predictable patient outcomes across a wide range of conditions. We anticipate that the digital twin technology has good chances to become the next addition to the
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SAP: Digital Innovation Will Fuel Next Wave of Healthcare Breakthroughs
Nearly 70 percent of healthcare companies who transition to the digital economy are expected to see their growth significantly impacted over two years, according to an SAP/Oxford Economics survey of almost 400 global C-level healthcare executives. The survey was designed to track the progress of digital transformations of healthcare companies as they strive to gain a competitive advantage and are able to provide the best care for their patients. While lacking substantial impact from
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SAP Health Division Partners with StartUp Health to Build Custom Healthcare Innovation Portfolio
The SAP Health division is partnering with StartUp Health, a global entrepreneurship development company to build a custom healthcare innovation portfolio, starting with up to 15 digital health startups. The partnership will focus specifically on developing new apps and platforms to be used with the SAP® Health platform built on SAP Cloud Platform.Also, the partnership will support the development of a SAP-sponsored innovation program within the StartUp Health Moonshot Academy. The aim is to
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SAP Appoints Thomas Laur President of SAP Connected Health Group
This week, SAP announced it has appointed Thomas Laur as the new President of the SAP Connected Health group. In his new role, the former CEO of Sutherland Healthcare Solutions will help promote and guide the company’s Connected Health group - SAP’s recently established healthcare and life sciences division. The formation of the SAP Connected Health group reaffirms the company’s commitment to enabling smarter health decisions and advancing medical knowledge throughout the world in order to
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SAP Purchases $18M Worth of Stock into Castlight Health
SAP has purchased purchased 4.76 million shares of newly issued Class B common stock in Castlight Health, a leading health benefits platform provider. The purchase results in SAP holding 4.7% post-issuance of the currently-outstanding common shares of Castlight, at a price per share of $3.77, for approximately $18 million in cash. SAP also received a warrant in connection with its stock purchase, under which SAP has the right to purchase an additional 1.9 million shares of Castlight Health Class
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