US hospital systems validate the safety, clinical utility, and robustness of newly FDA-approved devices, 510(k) cleared, before adopting them into clinical practice. This work occurs alongside evaluating how to integrate the medical device into the hospital system’s diagnostic paradigms, including in relation to quality improvement programs. Companies can have a role but there are 415 US hospital systems (comprising ~5,000 hospitals), and each has a bespoke process and ever-changing set of
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3 Steps to Powering Data Innovation with Analytics & AI
A hot topic we see and hear a lot in healthcare is leveraging big data. Little known fact, we don’t yet have big data in healthcare, so the industry hasn’t had the opportunity to use big data. Healthcare has been in the “little data” game because much of the healthcare experience has yet to be digitized. In addition, interoperability issues leave much data siloed on disparate databases across the healthcare ecosystem. This is all changing, and this change is accelerating. We’re quickly
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HCA Makes Strategic Investment in Cardiac Monitoring Wearable VitalConnect
What You Should Know: - VitalConnect®, Inc., a leader in remote and in-hospital wearable biosensor technology, has just announced the completion of an investment funded by Health Insight Capital, the investment arm of HCA Healthcare Inc., (NYSE: HCA), one of the nation’s leading healthcare providers. - The investment will go toward further accelerating VitalConnect’s rapidly growing cardiac monitoring business segment while advancing key Remote Patient Monitoring of individuals who
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Cedars-Sinai Accelerator Adds 10 New Digital Health Startups
What You Should Know: - Cedars-Sinai Accelerator, today announced its eighth accelerator class of ten new digital health startups. - From digital health mental health services to wearable devices to manage chronic asthma, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Cedars-Sinai Accelerator Overview During the three-month term, company representatives collaborate with
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Precision Medicine Startup Prenosis Raises $20M for Acute Care Solutions, Starting with Sepsis
What You Should Know: - Prenosis, Inc., a precision medicine company, announced a venture investment from PACE Healthcare Capital, an early-stage investment firm committed to improving health outcomes. This investment brings total funding in the company to over $20 million, including partnerships with Foxconn, Roche Diagnostics, the Defense Threat Reduction Agency, and others. - Precision medicine company will use the funding to
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Tift Medical Integrates Sepsis Monitoring with Cerner EHR to Improve Early Detection
What You Should Know: - Clinicians now access Wolters Kluwer’s real-time sepsis monitoring alerts within Cerner EHR at Tift Regional Medical Center. - POC Advisor’s highly accurate alerts and guidance are automatically delivered to the point of care to improve sepsis patient outcomes. Wolters Kluwer, Health today announced that Tift Regional Medical Center, the flagship hospital of Southwell, a Georgia not-for-profit health system, has integrated POC Advisor, its sophisticated sepsis
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Deploying Advanced Decision Support for Better Sepsis Management
As the leading cause of hospital deaths in the United States, sepsis is a significant concern for patients and providers alike. In a 2020 study, the World Health Organization found a 46% mortality rate for patients treated in the ICU for sepsis. Sepsis care is expensive, costing the US healthcare system an estimated $33 billion per year. Data shows a single admission for sepsis care can cost anywhere between $22,000 and $70,000, making it the most expensive infection for hospitals, and
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Dept. of Defense Awards Prenosis $4.3M Contract for Early Sepsis Detection
What You Should Know: - U.S. Department of Defense awards Prenosis up to $4.3M to improve early sepsis identification for warfighters using point-of-care predictive diagnostics. - According to the World Health Organization, more than 11 million people die from sepsis worldwide annually, more than the deaths caused by all cancers combined. Studies show that sepsis is the leading cause of death in U.S. hospitals with annual costs of treatment and rehabilitation estimated at
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Prenosis, Roche Partner to Combat Hospital Sepsis Using Precision Diagnostics
What You Should Know: - Prenosis Inc., a precision diagnostics company transforming clinical diagnosis with artificial intelligence, announced today the expansion of an existing partnership with Roche Diagnostics that will total close to $6 million to improve and expedite the clinical recognition of sepsis. - Building upon the collaboration that the companies started together in 2020, Prenosis will significantly expand its core NOSIS™ dataset, and the two companies will work together
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Why Hospitals Should Act Now to Create Clinical AI Departments
A century ago, X-rays transformed medicine forever. For the first time, doctors could see inside the human body, without invasive surgeries. The technology was so revolutionary that in the last 100 years, radiology departments have become a staple of modern hospitals, routinely used across medical disciplines. Today, new technology is once again radically reshaping medicine: artificial intelligence (AI). Like the X-ray before it, AI gives clinicians the ability to see the unseen and has
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