The healthcare industry dragged sorely behind other industries in digital maturity just three years ago, according to McKinsey. Then, the pandemic shifted priorities and accelerated the progress of digital transformation by several years. No industry felt this shift as strongly as healthcare. With the rapid increase in telehealth appointments and remote care necessities, medical institutions faced the challenge of making several years’ worth of virtual enhancements in just a few months — if not
Read More
workplace
5 Executives Share Their Behavioral Health Predictions for 2023
As the start of the new year kicks off, we asked 5 healthcare executives to share their top predictions and trends for 2023. Dr. Yusuf Sherwani, Co-Founder and CEO of Quit Genius Employers will expand SUD treatment for employees: For example, Cigna more than doubled Evernorth’s Behavioral Health Network in recent months, and employers are now the ones driving demand for better behavioral health benefits for their employees. Employees with substance use disorder have become a financial
Read More
We’re Feeling the Effects of the Nursing Shortage. Health Tech Can Help
The healthcare industry is in desperate need of nurses — and fast. Chances are this isn't news to you. You've seen the countless headlines covering the impact the pandemic has had on nurses, and how that nursing shortage has impacted employment numbers, healthcare facilities, and patient care. Nurses are burnt out. They're stressed, exhausted, and struggling to find adequate mental health support. But the pandemic isn't the only issue to blame. Experts are predicting that over 1 million RNs
Read More
59% of Employees Would Rather Speak To An App About Their Mental Health
What You Should Know: - In October 2022, Wysa commissioned an independent survey of over 1000 American employees to get an in-depth look at the urgent state of mental health post-COVID. The results are staggering. - There are serious debilitating mental health concerns that our workforces are silently struggling with, leading to impacted individual self-confidence and self-perception about their abilities and identity at work, which further leads to perceived low self-efficacy, leading to
Read More
Enthea Secures $2M to Expand Psychedelic Healthcare Provider Network
What You Should Know: - Enthea, the first provider of insurance plans for psychedelic healthcare, has announced a $2M Seed Round raise led by Tabula Rasa Ventures to offer psychedelic-assisted therapy as a workplace benefit. - The funds will be used to launch Enthea’s services into 40 markets across the U.S. in 2023 as well as grow its customer base and provider network to increase access to new, evidence-based healing options that have proven to be very effective in improving symptoms for
Read More
How Virtual-First Clinical Trials Scale Access for Participants
Making clinical trials equitable is one of the biggest challenges we face as an industry. We see this time and again, with one of the latest examples coming in the form of a study published in JAMA Network Open that found substantial underrepresentation of Black patients enrolled in pivotal trials for CAR-T therapy. Women are another demographic negatively affected by inequality in clinical research. Earlier this month [May 2022] the American Heart Association issued a
Read More
Why Get an Online Nursing Degree?
Online education has rapidly gained popularity over the last few years. Online degrees have now become mainstream and are no longer a trend. The COVID-19 pandemic caused students to get confined to their homes, where online teaching became a norm. Students are now better able to understand the benefits of online education and are more willing to get a master of advanced nursing online. If you are interested in completing your nursing education online and are slightly hesitant today, we shall
Read More
5 Proven Strategies to Increase Employee Retention And Reduce Operational Costs In Senior Living
Staffing turnover in senior care has reached an all-time high at an annual rate of 48.5% among all employees and 68.1% among resident assistants and personal care aides. At a sunk cost of roughly $2,200 per employee, staff turnover is expensive and results in lower resident satisfaction, quality of care and occupancy. Staff leave for a myriad of reasons, but what if a few simple changes could transform the trajectory of your organization? Luckily there are proven strategies to increase staff
Read More
Overcoming the Healthcare Staffing Shortage Through Back-Office Automation
Today’s healthcare staffing shortage, fueled by the COVID-19 pandemic but years in the making, has left many hospitals and health systems scrambling. To date, the shortage of front-line healthcare workers has received most of the attention, and for good reason: By 2025, the U.S. is likely to face a shortage of 446,300 home health aides; 95,000 nursing assistants; and 29,400 nurse practitioners, according to a report from consulting firm Mercer. However, what is less appreciated
Read More
HealthJoy Raises $60M for Healthcare Navigation Platform to Reduce HR Burden
What You Should Know: - HealthJoy, a healthcare navigation platform that drives benefits satisfaction, improves care outcomes, improves employee satisfaction and reduces HR burden raises $60M in Series D funding led by Valspring Capital with participation from new investors Endeavour Vision and CIBC Innovation Banking. Existing investors US Venture Partners, GoHealth co-founders Brandon Cruz and Clint Jones, Health Velocity Capital, Nueterra Capital and Epic also participated
Read More
