Digital Transformation

This evolution of healthcare involves using technology to improve diagnosis, treatments, monitor patients, enhance hospital operations and culture, and bolster consumer-focused care. This includes virtual reality tools, wearable devices, workflow software, health apps and other digital health tools.

Mayo Clinic closes 5 facilities

Mayo Clinic Health System is permanently closing five locations in Minnesota and Iowa. 

 

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Amazon launches medication price comparison tools

E-commerce giant Amazon has enabled an online price comparison tool for customers to find and compare the expected price of their medication.

Walmart acquires telehealth provider MeMD

Walmart is advancing its healthcare capabilities with the acquisition of telehealth provider MeMD.

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How to make virtual healthcare personal

In healthcare, it is likely that an increased demand for telehealth will remain, meaning providers will need to continue ramping up their capabilities and personalizing this care.

 

Telehealth claims surged in 2020

Telehealth claim lines rose 2,817% from December 2019 to December 2020, according to a new report that revealed how the COVID-19 pandemic has changed how healthcare is delivered and consumed.

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Humana partners with IBM Watson on AI solution

Health insurance giant Humana is joining forces with IBM Watson to equip Humana’s Employer Group members with a conversational AI solution. 

 

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Electronic transactions could save healthcare industry $16.3B

Transitioning to fully electronic transactions could save the healthcare industry $16.3 billion, or about 42% of existing annual spend on administrative transactions.

 

Aggregated, analyzed web searches predict spikes, falloffs in COVID cases

Emulating finance’s use of satellite parking-lot imagery to guide investments in retail, researchers have tapped Google search patterns to helpfully predict ebbs and flows of COVID cases across the U.S.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.