Your weekly newsletter on digital transformation and digital health.
View in browser
damo-logo-2022
BIGRIO New Logo_PNG
Newsletter email banners-12 (1)

May 28, 2024, Issue #260

Editor’s note

This weekly newsletter is brought to you by the Damo and BigRio research and insights team.

Was this forwarded to you? Subscribe to receive it directly in your inbox on Mondays. 

Questions or feedback? You can also reply to this email.

Subscribe

Digital Health in the News

How Marketers Can Adapt to LLM-Powered Search

Large language models (LLMs) provide a search experience that’s dramatically different from the web-browser experience. The biggest difference is this: LLMs promise to answer queries not with links, as web browsers do, but with answers. Increasingly, using apps such as ChatGPT or Perplexity, or search portals such as Google’s Search Generative Experience (now AI Overviews) or Bing’s Copilot, customers will learn about products and brands through natural-language outputs. And that process, which will be highly consultative and conversational, will create a new information pipeline that marketers need to monitor to ensure their brands are presented for relevant prompts and described accurately. The authors present three ways for marketers to rise to this challenge. HBR

Banner Health boosts investment in AI-powered automation tech to maximize operating rooms

Increasing surgical services revenue is a top priority for most health systems, but reliance on manual operating room scheduling and operational inefficiencies can impede these efforts. FIERCE Healthcare 

Geisinger saves $560K in pilot integrating video visits into Epic MyChart         

Launching telemedicine from within the patient portal – which enables the health system to get electronic signoff on certain documents – is a big boon for compliance and efficiency. Healthcare IT News

Chicago children’s hospital completes cyberattack recovery

Lurie Children’s Hospital has finished reactivating patient-facing systems, nearly four months after the provider first reported a network outage. Healthcare DIVE

The Top 3 Reasons That Hospitals’ Tech Pilots Fail

Justin Brueck, vice president of innovation and research at Endeavor Health, shared three main reasons that technology pilots end up being unsuccessful at health systems. MedCity News

Featured Offering for The Month

GenAI Odyssey Accelerator 

Chat Interactively with Your Enterprise Private Data

Odyssey_Diagram-061-06

BigRio Odyssey Accelerator enables businesses of all sizes who want to use GenAI to transform the way they search or query enterprise data, design workflows, derive enterprise analytics, report generation, dashboards, and more, to build a proof of concept before scaling it enterprise wide. The Odyssey Accelerator allows employees and other stakeholders of the organization to connect to all enterprise knowledge, search, chat, and query, without having to expose or compromise their data to the public domain.

👉Learn more

👉Book an Exploratory Call

Insights & Research

Patient Safety and Artificial Intelligence: Opportunities and Challenges for Care Delivery

This IHI Lucian Leape Institute report describes three use cases for generative artificial intelligence (genAI) applications in clinical care, including a detailed review of benefits and potential risks for patient safety; recommendations and mitigation strategies; an appraisal of the impact of genAI on the patient safety field; and considerations for key groups. Institute for Healthcare Improvement

Mental health inequities will cost U.S. $478B in 'unnecessary' expenses in 2024

Emergency department overutilization, exacerbated comorbidities and lost productivity will drive billions in "avoidable and unnecessary expenses" should inequities in mental health access and outcomes across demographics remain addressed. FIERCE Healthcare 

Epic's EHR market share gains continue, KLAS report shows

Its new survey of inpatient purchasing finds Epic as the only vendor to increase its net market share in 2023 – gaining 153 new hospital clients and now covering more than half of acute care multispecialty beds nationwide. Healthcare IT News

Featured Event

NE HIMSS May 2024-1

At the NE HIMSS 2024 Spring Conference in Norwood, MA, healthcare leaders discussed topics on:

  • Digital Equity and the Future of Healthcare
  • AI Panel: Harnessing AI Innovation in Healthcare – Transformative Applications and Future Directions
  • Patient Experience Turned Upside Down

… and more. 

View Gallery and Video Snippets

Damo Thought Leadership and Media Mentions

NEW! Harnessing AI Innovation in Healthcare: Transformative Applications and Future Directions

This article explores the transformative applications and future directions of AI in healthcare, focusing on key areas such as GenAI, RAG, Med LLM’s, Enterprise search, secure and private search, and multi-agent AI systems. Damo Blog

2023 DigiMTM Digital Maturity Momentum Awards

We are thrilled to announce the recipients of the 2023 DigiMTM Digital Maturity Momentum Awards, recognizing excellence and contributions to digital transformation in healthcare. These awards celebrate individuals and organizations that have demonstrated outstanding commitment, innovation, and impact in advancing digital maturity within our industry. Damo Research and Thought Leadership

Six Trends In The Use Of Generative AI In Healthcare

Last week, we conducted the CHIME online focus group, with our esteemed CHIME healthcare provider members, discussing Enterprise AI Adoption and Governance in Healthcare. The focus was on evaluating current AI applications within healthcare systems, discussing AI’s potential to enhance operational efficiency and patient care, and addressing the challenges of data governance and security. Damo Blog

Research Report: Enterprise AI Adoption and Governance in Healthcare Organizations

Our annual survey of the state of Enterprise AI Adoption and Governance in Healthcare Organizations, as part of our CHIME Foundation membership, is out! Download the Report. Damo Research and Insights

Books Corner

rohit book
Paddy Book

Other Stuff We’re Reading

The Medicare Bubble Has Burst

Government health-insurance program had been a gold mine for private insurers until recently. The Wall Street Journal

AI Is Making Economists Rethink the Story of Automation

Will artificial intelligence take our jobs? As AI raises new fears about a jobless future, it’s helpful to consider how economists’ understanding of technology and labor has evolved. For decades, economists were relatively optimistic, and pointed out that previous waves of technology had not led to mass unemployment. But as income inequality rose in much of the world, they began to revise their theories. Newer models of technology’s effects on the labor market account for the fact that it absolutely can displace workers and lower wages. In the long run, technology does tend to raise living standards. But how soon and how broadly? That depends on two factors: Whether technologies create new jobs for people to do and whether workers have a voice in technology’s deployment. HBR

Digital Health Funding and M&A

Atropos Health lands $33M to scale AI-powered real-world evidence, build out pharma partnerships

Atropos Health, founded in 2019 as a spin-out of the “Green Button” technology developed at Stanford University, developed a consultation service for doctors powered by publication-grade real-world evidence to guide clinical decisions. The technology can quickly answer clinical questions, such as which drug is most effective for certain cancer patients. FIERCE Healthcare

Centivo Acquires a Primary Care Startup, Despite Others Fleeing the Space

Centivo, a health plan that sells to self-funded employers, acquired virtual-first primary care startup Eden Health. With this acquisition, Centivo now serves more than 160 employers in all 50 states. MedCity News

Note: Some of the articles linked in this newsletter may be behind paywalls that need a subscription.

Damo Consulting, 50 S Main Street, Suite 200, Naperville, Illinois 60540, United States

Unsubscribe Manage preferences