The health system will leverage the behavioral health tech company’s integrated care offering to help providers better understand their patients. While the partnership will initially focus on screenings in the primary care setting, Intermountain hopes to expand offerings with time. FIERCE Healthcare
UnitedHealth Group now says the total impact of the cyberattack on its Change Healthcare unit will cost the company between $2.3 billion and $2.45 billion in 2024. Forbes
"By relying on the AI technology to convert information into discrete data elements in our Epic EHR, we have significantly reduced the amount of manual entry required by our staff," an inpatient pharmacy operations supervisor reports. Healthcare IT News
Seven Starling’s Series A funding round was led by RH Capital and included participation from Pear VC, Expa and Magnify Ventures. In total, the company has raised $14.3 million. MedCity News
Featured Offering for The Month
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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.
Electronic health record messages to patients drafted by generative AI were of similar quality and accuracy to those written by healthcare professionals, according to a newly published study conducted using queries from NYU Langone Health patients. FIERCE Healthcare
Commercial health care spending growth is estimated to grow to its highest level in 13 years, according to PwC’s newest research into annual medical cost trend. PwC’s Health Research Institute (HRI) is projecting an 8% year-on-year medical cost trend in 2025 for the Group market and 7.5% for the Individual market. This near-record trend is driven by inflationary pressure, prescription drug spending and behavioral health utilization. PWC
Featured Events
📢 Upcoming Event Alert!
Join us at the Generative AI Workshop 2024 in Boston on Friday, September 13, 2024, at The Harvard Club of Boston. This is an exclusive, by invite-only event for Healthcare C-Suite Executives to explore Generative AI in 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
Building a strong, flexible “digital core” that integrates cloud, data, and AI technologies to serve as an interconnected foundation for your company is the key to future growth. It is your means of supporting the current business drive toward efficiency and effectiveness, while remaining flexible enough to respond to the new needs of the organization and quickly adopt and scale the latest technology innovations. According to new research from Accenture on more than 1,500 large, global companies across industries, those that built a reinvention-ready digital core achieved what the researchers call the “60:40 effect.” Compared to a sample baseline, these leaders experienced a 60% acceleration in their revenue growth rate (from 7.1% to 11.1% on average) while increasing profitability by 40% (from 14.2 to 19.4 percentage points on average). The researchers found that the digital core has vastly expanded in importance, driven by the pandemic and explosion of gen AI. No matter your industry, the strategic shift toward continuous reinvention is fueling an urgent need for a digital core that amplifies machines, humans, and the interaction of the two in significant new ways. HBR
Organizations are turning to synthetic data as a valuable solution enabled by generative AI to overcome pressing challenges with data access, quality, and availability. Gretel.ai
Thyme Care, a value-based cancer care navigation startup, pocketed $95 million in fresh funding to fuel its growth into new markets and accelerate partnerships with oncology and primary care practices and health plans. FIERCE Healthcare
The startup, which has raised a total of $300 million so far, doubled its annual revenue to $40 million in 2023 and aims to report a profit by year-end. Modern Healthcare
Note: Some of the articles linked in this newsletter may be behind paywalls that need a subscription.
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