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AI Innovations, Startup News, and Key Partnerships
Digital MD
August 01, 2024
Welcome to this week's edition of Digital MD. From AI-powered tools transforming nursing workflows to innovative startups and significant industry partnerships, we've got all the key updates you need to stay informed. Dive in to explore how these advancements are driving the future of healthcare.
Nominate deserving pioneers of health tech for the Innovators Award 2024 recognizing exceptional achievements and leadership in advancing healthcare technology. Submit your nominations by September 27, 2024, and help us honor those transforming the future of healthcare.
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Latest Podcast Episode
In a recent Digital MD podcast episode, Dr. Kavita Patel shared her journey and key insights:
Clinical Practice as a Grounding Force: Dr. Patel emphasized the importance of maintaining a clinical practice for healthcare professionals in other fields. It keeps them connected to core healthcare issues.
Balancing Policy and Investment: Her background in public policy has been crucial in driving innovation and influencing payment models in healthcare, especially in cell therapy and AI.
Empowering Female Leaders: Dr. Patel and Dr. Liz Kwo discussed the need for female founders to project confidence and ambition. Female representation in healthcare ventures is essential for significant impact.
Intellectual Curiosity and Networking: Successful investing requires building relationships with founders, understanding their stories, and continuous learning.
Embracing Wealth Creation: Dr. Patel encouraged women to embrace financial success as a means to leave a lasting legacy and support future innovators.
Top Insights of the Week
Clinicians in the spotlight
Nurses engaged directly in the partnership between Abridge, Epic, and Mayo Clinic meant to create a generative AI documentation workflow tool to integrate into Epic nursing workflows.
Startups, therapies and devices
Flagship Pioneering Launches Startup Abiologics to develop novel biologic treatments for cancer and immunology
AI, digital tools and partnerships
The CMS calendar year 2025 proposed an assortment of new payments and coverage for digital health services, including digital therapeutics, Telehealth, and audio-only Telehealth services
AI tech enables medication history staff at Carle Health to work more efficiently and improves recommendations during admission order reviews
Fitterfly, Google Cloud launches meal tracking app that allows people with diabetes to analyze their meals using a picture and AI that examines portion size, calorie count, and macronutrients
Voice AI assistant Suki reduces clinical and operational documentation burdens with ambient note-taking, coding, dictation, and more
Bon Secours Mercy Health enters into a 10-year partnership with medical device maker Royal Philips to lower tech burden and clinician burnout and improve patient care
Rady Children's Hospital leverages technology in the video game development domain to create free 3D image viewing software, available for other providers
Report
The medical cost could reach its highest level in 13 years in 2025 due mainly to inflationary pressures, growing prescription drug spending, and rising utilization of behavioral healthcare, according to a report by consultancy PwC
Thought Leadership
Dr. Liz Kwo talks about virtual care being table stakes. Check it out!
Stay tuned for more content! Don’t forget to like, comment, and subscribe 😃
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