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This newsletter is brought to you by Saviance and developed by Damo. Damo is the healthcare digital transformation advisory arm of Saviance. 

 

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July 29, 2024, Issue #269

Editor’s note

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

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Digital Health in the News

Humana inks multiyear partnership with Google to invest deeper in cloud, gen AI technologies

Humana executives touted the potential for cloud and AI technologies to make its contact centers more responsive, its provider networks easier to navigate, healthcare coverage easier to understand and primary care better tailored to individual needs. FIERCE Healthcare

Senior-focused Humana concept to lease closed Walmart Health locations in several states

The Bentonville, Arkansas-based retail giant is leasing the former clinical space for its health care concept to CenterWell, the health care services business of Humana Inc. CenterWell will "open senior-focused primary care" centers next to Walmart Supercenters in Tampa/St Petersburg, Orlando, Jacksonville, Atlanta, Dallas/Fort Worth and Kansas City. Phoenix Business Journal

Northwell Health launches Northwell Studios to reimagine brand storytelling

Northwell Health, New York State's largest health system, today announced the launch of Northwell Studios, a dedicated entity focused on harnessing the power of storytelling and entertainment to humanize health care and spark meaningful social conversations. Market Watch

Providence developing AI tools designed to reduce clinician burnout

Implementing AI in healthcare settings requires thoughtful consideration of the problems it aims to solve and a clear understanding of the potential impacts on clinical workflows and provider wellbeing, the digital health chief advises. Healthcare IT News

Featured Offering for The Month

GenAI Odyssey Accelerator 

Chat Interactively with Your Enterprise Private Data

Odyssey_Diagram-061-06

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Insights & Research

State of Digital Health Q2’24 Report

Funding in digital health drops, but larger check sizes and an uptick in exits highlight bright spots for the industry in Q2’24. CB Insights

Featured Events

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📢 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, invite-only event for Healthcare C-Suite Executives and Healthcare Leaders to explore Generative AI in healthcare.

👉 Register your interest to participate.

👉 Learn more

👉 Also explore our customized in-person workshops here.

Chart of The Week

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chart jul 29 b

Source: CB Insights 

Damo Thought Leadership and Media Mentions

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

A year in: Nestlé employees save 45 minutes per week using internal generative AI

Nestlé has been quick off the mark to test how an internal generative AI tool can boost its corporate workforce efficiency. The consumer goods giant, which counts Nescafe and KitKat among its brand portfolio, introduced NesGPT to its North American offices last August after a global pilot in May. Nestlé's internal GenAI tool has had more than 7,000 users who generated 230,000 prompts in the last three months (Q2 2024). It helps Nestlé employees save 45 minutes per week using internal generative AI. worklife

Three Questions to Ask About Your Digital Strategy

Disrupt or adapt: Which is the best choice for your company? Here’s how to frame the decision. MIT Sloan Review

Digital Health Funding and M&A

Ascension is selling 9 Illinois hospitals, several care sites to for-profit Prime Healthcare

The agreement includes nine hospitals and four additional sites of care all throughout Illinois. Prime said it would invest $250 million to upgrade the facility's systems and technology, as well as other capital improvements, and that no debt will be put on the hospitals to complete the transaction. FIERCE Healthcare

Headway banks $100M series D round to accelerate expansion into Medicare Advantage and Medicaid

Mental health company Headway has raised $100 million in Series D funding, which it will use to expand to Medicare Advantage and Medicaid beneficiaries. Patients use Headway’s platform, to search for mental health providers by location, concern and insurance carrier, and schedule an appointment within 48 hours. The company has 34,000 providers and is in network with more than 40 commercial health plans across the U.S. MedCity News

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

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