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August 19, 2024, Issue #272

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

Fair Square Medicare rolls out AI voice agents to help enroll seniors into insurance plans

Startup Fair Square Medicare is using advancements with generative AI to build AI-based voice agents to screen seniors for insurance coverage and improve and streamline the customer experience. After testing the tools internally, the company is now offering this technology as an enterprise product for large insurance distributors and carriers. FIERCE Healthcare

Northwestern Medicine to deploy AI co-pilot systemwide

Chicago-based Northwestern Medicine plans to deploy generative AI-powered clinical documentation from Microsoft across the health system and its Epic EHR. Becker’s Health IT

How Often Do LLMs Hallucinate When Producing Medical Summaries?

Researchers at the University of Massachusetts Amherst released a paper this week showing that large language models tend to hallucinate quite a bit when producing medical summaries. MedCity News

Featured Offering for The Month

The DigiMTM Digital Maturity Model and Assessment

The KEY to the success of your digital transformation strategy

DigiM Model banner-2 (1)

The DigiMTM Digital Maturity Model framework guides health system leaders in prioritizing their investments based on a structured and objective benchmark of their progress against their peer group systems. The DigiMTM Assessment measures where you stand today with your digital transformation journey, benchmarks against your peers, analyzes and reviews your digital initiatives and investments, and plans for the year ahead. The online assessment tool evaluates health systems based on responses to questions covering five dimensions.

👉Learn more

 👉Request Digital Maturity Assessment ($9,900)

Insights & Research

The dangers of healthcare generative AI 'drift'

The performance of GPT-4, the large language model that powers ChatGPT, in answering healthcare questions can change over time, a phenomenon known as "drift," according to a study by researchers at Somerville, Mass.-based Mass General Brigham. Becker’s Health IT

Study: LLMs Identify Mental Health Crises with Accuracy Comparable to Clinicians

OpenAI’s GPT-4 was able to identify suicidal ideation with similar accuracy to clinicians, but in a much shorter amount of time, a new study from Brightside Health found. MedCity News

Study: Healthcare and life sciences ahead of other industries in AI adoption

The 451 Research report indicates that rapid AI uptake is having business results, with 81% of AI-mature healthcare enterprises doing better in 2023, year over year. Healthcare IT News

Featured Events

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📢 Upcoming Event Alert!

Join us at the Generative AI Workshop 2024 in Dallas on Friday, September 06, 2024. This is an exclusive, invite-only event for Healthcare C-Suite Executives and Healthcare Leaders to explore Generative AI in healthcare.

Venue: Conference Center, 2nd Floor, 2100 Ross Avenue, Suite 1900, Dallas, Tx 75201

👉 Register your interest to participate.

👉 Learn more

👉 Also explore our customized in-person workshops here.

Chart of The Week

Chart aug 16

Source: Vultr 

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

Patients Need a System to Compare Healthcare Quality — Not Just Prices

A system for allowing patients and employers in the United States to compare health services on the basis of price would be inadequate. To make such a tool worthwhile, quality comparisons are also essential. This article offers three steps that would put the country on a path to create such a system: 1) incentivizing the adoption of patient-centered quality measures at the condition level, 2) identifying clinicians, such as surgeons, who meet a minimum volume threshold for common procedures, and 3) ensuring the accuracy of clinician directories. HBR

Digital Health Funding and M&A

Healthcare fintech startup PayZen nabs $32M series B, $200M debt facility to fuel market expansion

PayZen, a startup that offers AI-powered patient financing solutions, picked up an oversubscribed series B funding round led by NEA. FIERCE Healthcare

Modern Health Boosts AI Capabilities by Acquiring Anvil Health’s Tech

Modern Health, a digital mental health company, is doubling down on AI by acquiring Anvil Health’s AI technology. MedCity News

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

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