Welcome to this week’s newsletter! We're bringing you the latest developments in digital health, AI, and cutting-edge medical technologies. From cities leading the way in AI healthcare job opportunities to new ventures revolutionizing patient care, this edition is packed with insights that keep you at the forefront of healthcare innovation. Dive in to explore how these advancements are shaping the future of healthcare.

REMINDER: 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.

Top Insights of the Week

Clinicians In The Spotlight

Cities with the Highest Total Number of Job Openings in AI Healthcare

Boston, MA and San Jose, CA: Both cities lead with an impressive 99 AI-related healthcare jobs. Boston, with its rich medical research environment and numerous healthcare institutions, alongside San Jose, at the heart of Silicon Valley’s tech innovation, naturally emerges as a hotspot for such opportunities.

The university used LinkedIn’s job search database as of March 5, 2024, to analyze job listings across the 100 most populated U.S. cities, focusing on the hospital and healthcare sectors.

Inspiration Pill

New venture firm launches with $21M to invest in digital health

Create Health Ventures, which will focus on investing in payer- and pharma-facing early-stage digital health companies with founders with experience in the healthcare industry, announced its launch after closing its first fund of $21 million. 

The VC firm will invest in startups offering B2B platforms focused on payers and pharmaceutical companies that aim to improve patient engagement and the patient care journey, including through clinical trial recruitment and retention.

Baptist Health brings urgent care waits down to 6 minutes with telemedicine

The proposal was to have a standalone video visit kiosk within the urgent care locations to offer patients with lower acuity problems an alternative to the longer wait for being seen in person.

With this robust telemedicine device, from vendor TytoCare, the visit is more than a simple video connection. The virtual provider can listen to a patient's heart and lungs, look in their ears and throat, and examine their skin and eyes. This is a big advancement over the traditional video visit.

Startups, Therapies and Devices

FDA approves EpiPen alternative, a nasal spray for anaphylaxis

The Food and Drug Administration approved the first needle-free treatment for adults and kids with severe allergic reactions. The approval introduces a competitor from ARS Pharma to older epinephrine products, like the EpiPen.

Neffy, as the product is called, is a nasal spray that delivers the same drug used to treat anaphylaxis.

Mayo Clinic taps startup SandboxAQ to study new tech—quantum sensing and AI—for cardiac diagnostics

Mayo Clinic is partnering with startup SandboxAQ to study a new medical device that uses quantum sensing technology and advanced AI algorithms for rapid diagnosis in cardiac care, such as potentially detecting a heart attack.

The startup eventually wants to pursue regulatory clearance through the FDA for its medical device.

FDA seeks to advance health equity for medical devices

The U.S. Food and Drug Administration's Center for Devices and Radiological Health is asking the public to consider disease burden, technology, and other factors in the design of clinical studies that adequately reflect the intended use population for a particular medical device.

AI, Digital Tools and Partnerships

Health Catalyst acquires Lumeon

Health Catalyst, a U.S.-based provider of healthcare data and analytics for care organizations, announced it acquired Lumeon, a Boston- and London-based care-management automation startup. 

Lumeon's Care Orchestration technology automates events, tasks, activities, and workflows for care teams to enhance revenue and ease staff workload.

Epic rolls out new feature to make it easier for patients to share medical records with health apps

The new individual access services (IAS) capability can provide patients access to their electronic medical records with information about their health history including conditions, treatments, and test results. This can help patients keep track of their health information across multiple hospitals, clinics, and electronic health record systems, and share it with healthcare providers when needed, such as for second medical opinions.

Ava Robotics, VSee Health partner to create robot with telepresence for ICUs

San Jose, California-based telehealth company VSee Health and Ava Robotics, creator of intelligent robots for the workplace, announced a partnership to create an autonomous VSee-powered Ava robot for use in a hospital inpatient intensive care unit.

The robot will enable remote physicians to be at patients' bedside to deliver patient care in the ICU and work with onsite staff.

Guidehealth picks up $14M in seed funding, aided by Texas' Memorial Hermann Health System

Guidehealth uses advanced technology to support health systems and clinical networks in scaling value-based care beyond the inpatient setting. Guidehealth facilitates care coordination like prior authorization and referrals and uses artificial intelligence to better predict the needs of patients. Guidehealth also assigns virtual clinical team members to work with its partner systems, Healthguides.

Remote Patient Monitoring

Virtual First Care Coalition Releases the new framework to build strategies for leveraging virtual care 

Accompanied by five real-world case studies, the new framework enables health systems to self-assess their current state and build strategies for leveraging virtual care in patient care delivery, focusing specifically on specialty and chronic care.

FDA approves Masimo’s medical watch for telemonitoring connectivity

The Masimo W1 medical watch features an optical sensor and ECG electrode pads for detecting physiological signals, processed by Masimo’s proprietary algorithms to deliver high-resolution data.

With Bluetooth connectivity, patients can now use the Masimo SafetyNet app to input symptoms, conduct virtual visits, view live data, and access educational resources.

Clinicians can monitor patient data remotely, receive custom notifications, and integrate medical data into electronic medical records (EMRs), enhancing patient management and care.

Report

Digital Therapeutics Market Poised for 26.1% CAGR Until 2032

The Digital Therapeutics Market is projected to grow from USD 6.5 billion in 2022 to USD 62.4 billion by 2032, demonstrating a robust CAGR of 26.1% during the forecast period from 2023 to 2032. This surge is primarily driven by innovations that transform disease management and prevention across various conditions, including chronic illnesses and mental health disorders. 

Digital therapeutics (DTx) stand out for their evidence-based, clinically validated approaches that align with traditional medical treatments. Leveraging software to deliver therapeutic interventions, DTx enhances accessibility and patient outcomes, setting a new standard in healthcare delivery.

Healthcare and life sciences are ahead of other industries in AI adoption

The healthcare and life sciences sector is emerging as a leader in the adoption and implementation of artificial intelligence, significantly outpacing other industries in both the number of AI models in production and the overall maturity of AI initiatives.

According to the report, healthcare and life sciences organizations have deployed an average of more than 170 AI models in production, a figure expected to grow to 182 within the next year.

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