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August 26, 2024, Issue #273

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

Intermountain Health, Story Health expanding virtual heart failure management program

The system was rewarded with improved medication optimization, condition recovery among some patients within a brief four-month period and subsequent cost savings. Though the program has "grown considerably" across recent months, the health system said it's now looking to expand on that success for "hundreds of patients" across five different sites. FIERCE Healthcare

Which Clinical Documentation AI Tools Are Health Systems Using?

Health systems across the country are launching enterprise-wide deployments of AI-powered clinical documentation tools. Hospital leaders agree that this technology reduces physician burnout, as well as allows physicians to have more meaningful and productive interactions with patients. MedCity News

Epic unveils new AI, prior authorization features

Epic is working with large insurers such as Aetna and Elevance Health to streamline prior authorization requests. Modern Healthcare

Featured Offering for The Month

GenAI Workshops

Customized onsite, in-person healthcare-focused learning and ideation workshops 

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Damo offers customized onsite, in-person healthcare-focused learning and ideation workshops to accelerate your GenAI journey. We recognize the need to support healthcare organizations in every stage of their GenAI readiness. Our workshop solutions include:

  • Interactive Learning Sessions: Organizations who are new to GenAI and has only basic awareness
  • Collaborative Ideation Work Sessions: Organizations who are now looking to focus on GenAI with identified use cases
  • Steering Committee & Governance Advisory: For those who are now ready to move ahead with GAI strategically but do not know where to start
  • Application Development & Implementation: For those who know what they want with GAI and need a reliable partner­­

 👉Learn More

 👉Contact us

Insights & Research

Companies aren’t as resilient against cyber risks as they think

Almost half of the companies surveyed said they need more than six days to recover their core business processes after an attack, a Cohesity study found. Healthcare DIVE

Q&A: How the FDA could use AI for drug and device safety surveillance

Researchers say AI could uncover more signs of drug and device safety issues. STAT 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.

Damo Thought Leadership and Media Mentions

NEW! How Damo Helped An Integrated Not-For-Profit Healthcare Delivery System Develop Four Enterprise Patient Journey Maps In Three Months

A large not-for-profit integrated healthcare delivery system on the East Coast focuses on innovation and creating exemplary healthcare experiences. Damo has been a long-time advisory partner and understands the health system’s strategic vision well. Damo Consultants knew the health system’s in-flight work towards improving their patient experience. As such, the health system engaged Damo in identifying the first set of journey maps that should be developed at an enterprise level and then prioritized and developed the first four maps. Case Study

NEW! Massive Investments Are Driving AI Adoption in Healthcare

While much of AI revolution in healthcare is being driven by a need to streamline operations it is also largely being propelled by billions and billons of dollars being invested in AI strictly for healthcare. BigR.io Blog

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

Hospitals’ New Push: Treating Patients in Their Homes

Institutions say it is safe and opens hospital beds, but policymakers fear it’s too pricey and lacks strict standards. WSJ Health

Digital Health Funding and M&A

Santa Clara County buying 258-bed HCA hospital for $175M to preserve trauma services

California’s Santa Clara County has cut a $175 million deal with HCA Healthcare to purchase a 258-bed hospital, a move the county says will restore critical care services for its residents. FIERCE Healthcare

Caresyntax Rakes In $180M To Make Hospital ORs More Efficient

Caresyntax closed a $180 million Series C extension round, bringing its Series C fundraising total to $310 million. The company sells AI-based precision surgery technology that unifies operating room data on a single platform. 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

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