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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Mayo Clinic partners with IT company Leidos

Mayo Clinic has teamed up with Fortune 500 company Leidos in a strategic collaboration to develop and market tools, technologies and therapeutics to engage patients and families in their care.

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Slack may venture into healthcare

Slack, a messaging app for business, could be on the brink of venturing into the healthcare space. The company recently filed confidential IPO papers with the SEC earlier this month and updated its security page to note HIPAA compliance, according to CNBC.

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Paper practices beat EHRs in outcomes, treatment adherence

The use of electronic health records (EHRs) does not guarantee a higher quality of care, just a higher quality of reporting, according to a meta-analysis of articles published in the Journal of Diabetes Science and Technology.

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Apple Watch’s fall detection feature saves lives

Emergency authorities found a bloody and unconscious 67-year-old Norwegian man on his bathroom floor in the nick of time. His savior was Apple Watch’s fall detection feature, which is available for users who are 65 and older.

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Google parent company shopping around shoes that track weight and falls

Verily, the life sciences business of Google parent company Alphabet, has a new prototype for shoes enabled with sensors that can help track weight, falls and movement, according to CNBC.

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Lifting the veil on prices is key to lowering healthcare costs

Readily available procedure pricing may be the key to reducing healthcare costs in the country, according to new research from the University of Michigan Ann Arbor (UM).

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HCCI ends data sharing agreement with UnitedHealthcare

The Health Care Cost Institute (HCCI) has ended its data collaboration relationship agreement with UnitedHealthcare, the nation’s largest health insurer. The relationship provided HCCI with de-identified insurance claims for data analysis of U.S. healthcare spending, utilization and market performance.

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Lessons from Theranos: Startup stealth mode detrimental to healthcare

Theranos, the $9 billion biotechnology startup that officially dissolved last year after allegations of fraud, is a warning for investors in life sciences. Namely, a lack of transparency within portfolio companies creates the possibility of another multibillion dollar implosion, according to researchers from the Meta-Research Innovation Center at Stanford.

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.