October 18, 2021 I Issue #131
This weekly newsletter is brought to you by the Damo Consulting research and insights team to provide you with highlights of news, events, and insights on digital health and digital transformation. Please share with your colleagues and friends in the industry.
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Digital Health in the News
The health IT vendor’s new president and CEO, David Feinberg, MD, MBA, said EHR usability is key for advancing the digital health transformation. EHR Intelligence
Walgreens plans to invest Walgreens plans to invest a total of $5.2 billion in VillageMD, up from its original plans to buy a $1 billion stake in the primary care company. It’s part of a broader consumer health strategy Walgreens plans to use to grow its business in the future. MedCity News
Apple Inc. is studying ways to make AirPods into a health device, including for enhancing hearing, reading body temperature and monitoring posture. The Wall Street Journal
The Icahn School of Medicine at Mount Sinai has launched a new department dedicated to advancing artificial intelligence (AI) to transform health care, further positioning the Mount Sinai Health System as a leader in providing patient care through pioneering innovations and technologies. Mount Sinai Newsroom
Moving away from simple phone calls, 82% of the health system’s telemedicine visits are now video and audio visits. Healthcare IT News
This Week in The Big Unlock Podcast
In this 100th episode of the podcast, Unity Stoakes, Co-founder and President of StartUp Health discusses about their life-long mission to improve people’s health and well-being worldwide and how the healthcare landscape has witnessed significant changes over the last ten years.
Amit Phadnis, Chief Digital Officer of GE Healthcare reflects on how a geographical transition and a change in domain from IT networking to healthcare has worked out for him and shares his learnings from this shift.
Darshak Sanghavi, MD, Global Chief Medical Officer of Babylon Health talks about how digital healthcare providers can deliver on the sales promise they make about bringing affordable and accessible healthcare to everyone.
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Insights & Research
Wellframe’s recent survey highlights some surprising trends in how members think about their health plans. Wellframe Insights
A Frost & Sullivan survey found that more than 50 percent of hospitals are increasingly investing in IT to meet the “quadruple aim” — enhance patient experience, reduce costs, improve health outcomes and improve clinician experience. PR Newswire
Digital health continues to break funding records as companies across the globe raked in $8.1 billion in venture capital during the third quarter. Modern Healthcare
In this webinar, Paddy Padmanabhan and Craig Thomas of Sanitas USA, will discuss how the pandemic has amplified the need to accelerate the transformation of provider organizations, the barriers that hamper providers from achieving success, and more. Upcoming
Chart of the week
Top funded digital health categories for Q3 2021 by disclosed amount of venture capital funding, compared to their funding in Q3 2020
Damo Consulting Thought Leadership and Research
A new effort to tackle the thorny issue of interoperability and digital health adoption. Paddy Padmanabhan shares his thoughts in this piece. STAT News
This article explores the impact and effects of digital transformation on frontline caregivers and what they want from digitized healthcare to make a difference in their lives as caregivers. Article
With Google Health and Apple both reported to be, respectively, closing down and scaling back their healthcare efforts, it’s worth asking just how disruptive consumer technology companies can be in this hugely complex and fragmented industry. Blog
The book by Paddy Padmanabhan that provides actionable insights on developing enterprise digital roadmaps and implementing digital health solutions at every touchpoint in a consumer’s journey. Book
Other Stuff We're Reading
This article explores how quickly the COVID-19 pandemic will become endemic and what the world will look like. The Economist
The St. Louis-based health system is collaborating with the UnitedHealth subsidiary to implement technology and processes that focus on improving care quality and reducing costs. MedCity News
Digital Health Funding, M&A
Devoted Health, a startup using technology to provide better care for older Americans, raked in $1.23 billion in Series D funding, marking a record haul for a health tech business and one of the largest sums raised by any venture at such an early stage. STAT News
This article analyses how 2021’s funding swell is changing market expectations and empowering investors to venture outside of historical funding patterns, with more dollars going toward women-led companies, women+ digital health, and health equity solutions. Rock Health
Walgreens is considering buying Evolent Health, which makes software to help providers manage their value-based care programs, according to a recent report by Bloomberg. MedCity News
The startup, which says it uses “digital twins” to help people manage their diabetes, recently raised a series C round led by ICONIQ Growth. MedCity News
Note: Some of the articles linked in this newsletter may be behind paywalls that need a subscription.