Alphabet's Verily unit has unveiled a new chronic care management solution, and the team views the offering as the "next generation" of its precision health work. FIERCE Healthcare
The AHA and National Rural Health Association are also onboard for the initiative, which will offer grants, free endpoint security advice and other resources for critical access and emergency hospitals. Healthcare IT News
South Florida-based Mount Sinai Medical Center announced a new remote patient monitoring and chronic care management partnership with HealthSnap, a Miami-based virtual care management platform. The partnership is aimed at improving outcomes among the health system’s Medicare population. MedCity News
South Florida-based Mount Sinai Medical Center announced a new remote patient monitoring and chronic care management partnership with HealthSnap, a Miami-based virtual care management platform. The partnership is aimed at improving outcomes among the health system’s Medicare population. MedCity News
Clinicians now spend an average of 60% less time on documentation outside of work hours, and doctors saw a 40% decrease in physician burnout rate since deploying Abridge, Christus Health executives said. FIERCE Healthcare
Large language models can enhance data and analytics work by helping humans prepare data, improve models, and understand results. MIT Sloan Review
Featured Offering for The Month
GenAI Odyssey Accelerator
Chat Interactively with Your Enterprise Private Data
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.
So far, in 2024, $2.8 billion has already been invested in AI healthcare companies, with SVB projecting the sector to see $11.1 billion in VC capital deployed this year, the highest it has been since 2021. FIERCE Healthcare
National health expenditures will rise to $7.7 trillion and comprise nearly one-fifth of the U.S. economy by 2032, according to the latest projections from the Centers for Medicare and Medicaid Services Office of the Actuary. Modern Healthcare
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
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
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
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
Despite challenges such as data privacy concerns and the need for seamless integration into existing systems, the trajectory of AI development in healthcare is promising as tools continue to improve, says Alex Mason of FTV Capital. Healthcare IT News
Research by BCG shows that workers who spend too many hours on tasks they dislike (“toil”) are at risk for quitting, and employees who spend sufficient time on work that creates joy are less of a flight risk. A study of the consulting firm’s administrative employees demonstrates how they can use AI to reduce time spent on toil and increase time on joy-creating tasks. The research also explores the key factors that drive successful gen AI adoption; the main finding is that having a manager who is immersed in using AI will drive employee engagement with the technology. HBR
Medical supplier Better Health has raised $14 million in a strategic funding round backed by CareFirst BlueCross BlueShield’s venture capital arm, Healthworx. FIERCE Healthcare
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
.png?upscale=true&width=1200&upscale=true&name=Newsletter%20email%20banners-12%20(1).png)
