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.

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Health data for sale online through browser extensions

Seemingly innocuous web browser extensions are actually a gateway for health and other data to be collected––and even put up for sale, according to Geoffrey Fowler, technology columnist for The Washington Post.

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Why healthcare startups are struggling

With healthcare being the largest employer in the U.S. and projected to reach 20% of national GDP in the coming years, the sector is ripe with startups looking to make a stake. However, digital health startups are struggling, even with an influx of investment cash, as a result of the current market, according to Justin Barad, MD, co-founder of surgical training platform Osso VR.

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CVS launches social determinants of health platform

CVS Health has launched a new platform aimed at addressing social determinants of health, in collaboration with social care coordination platform Unite Us. The initiative is the first in a series of business programs to be announced by CVS Health targeting social determinants of health, which influence roughly 60% of a person’s life expectancy, the company said.

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Cost of healthcare data breaches reach nearly $6.5M

The financial impact of healthcare data breaches on organizations is nearly $6.5 million, according to a recent IBM study on data breach costs. Healthcare organizations had the highest cost of a breach than other industries for the ninth year in a row––about 60% more than other industries in the study.

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Doctors are increasing their use of telemedicine

Over the last few years, the number of physicians using telemedicine has doubled, according to a new report from Doximity, and the number continues to increase 20% annually. The new report underscores the growing emergence of the new technologies and the rising need for easy access to medical care among certain populations.

 

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UK to leverage Amazon Alexa for medical advice

U.K. residents will soon be able to utilize their Amazon Alexa voice technology to get certain medical information, after the National Health Service (NHS) struck a partnership with Amazon.

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Social media overrun with bogus medical advice

Social media networks like Facebook and YouTube are seeing a wave of false medical information about dubious cancer treatments, with millions of views, according to the Wall Street Journal.

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Uber teams up with care coordination company Carisk

Uber Health recently teamed up with Carisk Partners, a specialty risk transfer and care coordination provider, to reduce travel complications of getting to the doctor.

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.