Monday, October 27, 2020
Research from CB Insights indicates record levels of funding, with healthcare companies across the globe raising $21.8 billion in Q3. Telehealth is particularly strong, buoyed by the shift towards virtual care as COVID-19 continues to restrict in-person care. Telehealth IPO’s have raised over $13 billion this year.
Hospitals and health systems are moving beyond “all COVID-19 all the time” and are looking beyond the pandemic to seek to position themselves for a digital future. They are also finding creative ways to harness emerging technologies such as voice recognition in telehealth programs.
As the market adjusts to the next normal, a restructuring of the healthcare industry is inevitable. This week, we saw the announcement of the merger of two large health systems – Intermountain and Sanford Healthcare. Others may follow soon.
My latest podcast guest is Pamela Arora, SVP and CIO of Children’s Health in Dallas. Take a listen.
P. S. We’re still on the Amazon bestseller list! Due to the surging demand, my book, Healthcare Digital Transformation, is frequently sold out on Amazon. You can obtain signed copies at the link below. I am also accepting speaking engagements for your in-company and user group events on the book themes and our recent research. Drop a line to info@damoconsulting.net for more details.
Stay safe. Wear a mask.
Podcast of the week
In this episode, Pamela Arora, SVP and CIO of Children’s Health discusses how their holistic approach towards digital health is transforming the experience of their team members, providers, patients, and the whole continuum of care.
This Week in Digital Health Markets
We are selectively featuring guest posts in our newsletter from senior leaders in healthcare and technology. Reach out to us if you would like to contribute a blog to one of our upcoming newsletters.
Intermountain, Sanford plan to merge into $15B system
Two large health systems to merge. Big news. Modern Healthcare
Healthcare investing sets a new record in Q3
According to CB Insights research, global healthcare funding set a new record in the third quarter. Healthcare companies raised a total of $21.8 billion across 1,539 deals. MedCity News
Telehealth pushes Q3 healthcare IPOs to $13 billion-plus
COVID -19 has been great news for Digital health and telehealth companies. Modern Healthcare
Livongo’s top leaders to depart after Teladoc merger
According to a recent filing, after Teladoc and Livongo merge, several of the company’s top executives, including CEO Zane Burke and President Dr. Jennifer Schneider, will leave the combined company. MedCity News
Demand for virtual mental health care is soaring. Here are key trends on who is using it and why
COVID-19 pandemic is driving enormous demand for virtual mental health care services. Fierce Healthcare
Healthcare CIO survey reveals how Covid-19 is impacting startup collaboration
This survey finds that despite the global pandemic, enterprise health systems have moved beyond “all COVID all the time” and are actively seeking new commercial relationships with health tech startups. MedCity News
FDA highlights the need to address bias in AI
The U.S. Food and Drug Administration convened a public meeting of its Patient Engagement Advisory Committee to discuss issues regarding AI and machine learning in medical devices. Officials at the meeting stresses the necessity of ensuring there’s diversity in the data used to train algorithms. Healthcare IT News
ChristianaCare Designs its Own Telehealth Platform for Amazon Alexa
Wilmington-based ChristianaCare customized an Amazon Alexa mHealth app to give patients personalized care management information at home. The health system announced that the Home Care Coach mHealth app will be prescribed for home care patients to use on the voice-enabled digital assistant platform. mHealthIntelligence
Chart of the Week
Damo Consulting Thought Leadership and Research
A mid-year review of the financial and market performance of global technology consulting firms in healthcare.
The WITCH Monthly Monitor (August) - Our monthly update on major global IT consulting and services firms in healthcare provides the latest financial and market performance updates on WITCH companies along with other global IT consulting firms. *WITCH Monthly Monitor is now available as a free 1-year subscription with every purchase of The WITCH Report.
Our CEO Paddy Padmanabhan discussed how COVID-19 has advanced the use of AI/ ML and emerging technologies in healthcare and the top priorities for digital health and virtual care at the IIT Bay Area Alumni event recently. Click here for more details.
Paddy Padmanabhan will be co-presenting at the CHIME20 Digital Recharge – A Virtual Education Forum scheduled on November 10-12, 2020 on ‘Driving Enterprise Digital Transformation: The Geisinger Health Experience.’ Click here for more details.
Paddy Padmanabhan with host Mike Miliard on HIMSSCast discussing his new co-authored book – 'Healthcare Digital Transformation', the lessons therein, and other emerging technology trends in healthcare, including patient engagement and the evolving role of the electronic health record. Listen here.
Based on recent surveys and engagements with leading health systems by Damo Consulting, this paper provides best practices for a successful telehealth and digital front door programs in a post-COVID-19 era.
This ebook is a snapshot of the more detailed whitepaper ‘Interoperability and Patient Access: what it is, who gets impacted, and how to plan for the future.’
