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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CVS launches new platform for its PBM clients

CVS Health has launched a new platform that allows its pharmacy benefit management (PBM) clients to contract, implement and manage their health and wellness solutions.

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UnityPoint launches $100M venture fund to invest in digital health

UnityPoint Health, a hospital network based in the Midwest, is stepping up to invest in digital health and healthcare services solutions with a new $100 million venture fund, UnityPoint Health Ventures Innovation Fund.

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Industry groups voice privacy concerns over health IT proposals

Proposed rules to mitigate one of the biggest obstacles to value-based care––interoperability––and provide patients with access to their own health information for free are being met with privacy and security concerns from industry stakeholders.

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Symptom tracking comes with downfalls

Electronic wearables that can monitor heart rates, steps and more vital signs are becoming more prevalent across the healthcare space, but the use of these devices is not all on the up and up. Instead of helping people stay on track with their health goals, meticulously tracking symptoms can actually sometimes make them feel worse, Wired reported.

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ACOs could step up use of EHRs

Accountable care organizations aren’t living up to their full potential when it comes to using EHR, according to a recent report from the Office of Inspector General.

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Healthcare startups are running into the same problems

Interoperability is the big problem that seems to smack all new entries in the healthcare innovations area.

Patient access to medical records has not improved

The percentage of individuals offered access to their online medical record did not change from 2017 to 2018, according to the Office of the National Coordinator for Health Information Technology (ONC).

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Majority of healthcare devices will be vulnerable to cyberattack

As healthcare operators continually rely on medical devices in workflows, unsupported devices are likely to become more vulnerable to cyberattacks.

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.