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Posted on July 3, 2022 by The D.E.A. ROGUE WARRIOR
By Phil Taylor
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US digital health company investment financing experienced a dip in Q1 of 2022, dropping to $6 billion from the $6.7 billion invested in Q1 2021. In addition, the average size of each investment deal dropped from $46 million last year to just shy of $33 million. These declines come after a boom in investments in recent years. The Rock Health Digital health securities index also reflected this year’s trend, including special purpose acquisition company (SPAC) listings.
According to Phil Taylor of PharmaPhorum, “SPACs have been a popular route to public listing for digital health as well as many other sectors, but the deals have underperformed, with steep declines in share prices after they closed that has “exerted downwards pressure” on the Rock Health Digital Health Index (RHDHI).”
Posted on June 27, 2022 by The D.E.A. ROGUE WARRIOR
By Staff Reporters and MCOL
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Digital Health Tech Report – 5 Key Findings
• 48% of hospitals don’t have a strong digital health strategy. • 90% believe a strong digital health strategy is critical to improving outcomes, increasing productivity, and enhancing clinician satisfaction. • 55% receive more than 11 vendor calls and emails from digital health solution vendors per week. • 95% say it’s challenging to narrow down the list of digital health solutions to evaluate. • 25% are “very confident” that, after selecting a new digital health solution, it’s truly the best one for their unique needs.
Posted on June 20, 2022 by The D.E.A. ROGUE WARRIOR
By MCOL
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Medical Imaging A.I. Adoption Survey [3 Takeaways]
• When it comes to specific activities, 88% of respondents trust or are neutral about AI’s role in making appointments. • Only 19% of respondents believed they received care supported by AI, while 24% did not know, and 58% believed they had not. • 60% think that AI will perform over half of radiology services in five years, with that number increasing to 75% of respondents in the next 20 years.
Posted on June 19, 2022 by The D.E.A. ROGUE WARRIOR
START-UPS AND INNOVATIONS
Health tech investment raced ahead in 2020. Join innovation insiders for a discussion on new health technologies, health-care’s digital transformation timeline, and what to expect for mid- to long-term health tech investment.
Posted on June 13, 2022 by The D.E.A. ROGUE WARRIOR
CDNs and What They Mean to Physicians
BY J.M.
[Anonymous IT Expert]
DOCTOR – Do you like the internet? Do you use EMRs/EHRs? Do you like fast internet? Of course you do.
But, without a strong infrastructure of content delivery networks (CDNs), website loading times would be too slow to stream tele-health/tele-medicine visits or tela-radiology services; not to mention Netflix, or argue with Reddit strangers or your patients; etc.
CDNs are geographically distributed networks of servers that handle processing and speed up internet delivery. In practice, CDNs make website content like HTML pages, JavaScript files, style-sheets, images, and videos load faster. They also reduce bandwidth costs, handle more traffic, and provide a little security protection.
CDNs don’t actually host web content, but instead keep cached versions of it at the ready in edge servers.
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Fastly is one of a number of significant CDN providers that help form the infrastructure of the internet. And while the outage shows the breadth of its reach, it’s far from the biggest player—Akami, Cloudflare, and Amazon CloudFront take up 75% of revenue in CDN space, per Intricately.
But Fastly, one of the world’s largest cloud computing companies itself, just had an outage that shut down its CDN service, affecting major websites including the New York Times, HBO Max, and the British government’s homepage.
ASSESSMENT: Were you or your clinic or hospital affected? Your thoughts and comments are appreciated.
Posted on May 17, 2022 by The D.E.A. ROGUE WARRIOR
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By Staff Reporters
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4 Takeaways from HIMSS
• 84% of respondents say their organizations require them to use digital health tools and most clinicians see the value in digital transformation. • 99% of leaders in U.S.-based health systems say it is important for their organizations to invest in digital transformation and 95% of international health system leaders agree. • 93% of international payer respondents and 74% of U.S. payers say their organizations have a team focused on digital transformation. • 80% of health system leader respondents in the U.S. think that a physician visit deserves to be reimbursed at the same or higher levels than an in-person visit.
NOTE: The Healthcare Information and Management Systems Society is an American not-for-profit organization dedicated to improving health care in quality, safety, cost-effectiveness and access through the best use of information technology and management systems.
17% of Healthcare Execs Said AI Would Affect Financial Outcomes
• 60% of respondents expect AI to impact clinical outcomes. • 17% said AI would affect financial outcomes. • 13% said AI would impact their operation outcomes. • 9% said AI would impact administrative outcomes. • 61% of executives hope to bring about a complete digital transformation in their organizations within three to five years.
Posted on April 29, 2022 by The D.E.A. ROGUE WARRIOR
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By Staff Reporters
The Big Tech earnings boom is officially over, but some of the world’s most powerful and valuable companies are breaking off from the pack.
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According to MarketWatch, profit increases are no longer a given for Big Tech. Collectively, Alphabet Inc. GOOGL, +3.70%GOOG, +3.82%, Amazon.com Inc. AMZN, +4.65%, Apple Inc. AAPL, +4.52%, Meta Platforms Inc. FB, +17.59% and Microsoft Corp. MSFT, +2.26% saw profit fall more than 17% year-over-year in the first quarter in earnings reports delivered this week, as they lapped the end of a pandemic boom that brought record results. But only three of the five actually saw earnings decrease individually, as Amazon’s surprising loss swayed the collective results.
But, it wasn’t good for the company Teladoc, which is one of investor Cathie Wood’s biggest holdings. Teladoc plunged 40% on a gloomy forecast. The pandemic winner is now down nearly 90% from its high in February 2021.
Recent advances in biomedical and health sciences—from immunotherapy to treat cancer, to the highly effective COVID-19 vaccines—demonstrate the strengths and successes of the U.S. biomedical enterprise. Such advances present an opportunity to revolutionize how to prevent, treat, and even cure a range of diseases including cancer, infectious diseases, Alzheimer’s disease, and many others that together affect a significant number of Americans.
To improve the U.S. government’s capabilities to speed research that can improve the health of all Americans, President Biden is proposing the establishment of the Advanced Research Projects Agency for Health (ARPA-H). Included in the President’s FY2022 budget as a component of the National Institutes of Health (NIH) with a requested funding level of $6.5B available for three years, ARPA-H will be tasked with building high-risk, high-reward capabilities (or platforms) to drive biomedical breakthroughs—ranging from molecular to societal—that would provide transformative solutions for all patients.
Posted on March 11, 2022 by The D.E.A. ROGUE WARRIOR
The Medical Futurist
By Dr. Bertalan Meskó MD PhD
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I’m so happy and proud that I can finally share with you the biggest project The Medical Futurist has ever worked on: The Digital Health Course.
Today, we publicly launch the digital platform where you can learn about everything we and I personally find important about digital health. I mean EVERYTHING!
In this course I break down everything I’ve learned over the last 15 years about the future of healthcare and digital health, what changes are taking place now and over the next 5+ years, what impact they’ll have on you as a healthcare decision-maker, and exactly what you should be doing today to best position yourself or your company for this inevitable reality.
We designed this course to provide you with a complete overview of digital health, guide you through the technological aspects, and equip you to be able to predict and forecast what’s coming next.
From the basics and its definition, to why it’s a cultural transformation that is happening now, how it is a paradigm shift of care, how you can spot trends in it and forecast the near future.
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As I guide you personally through the course, I have put my heart, brain and soul into the whole curriculum.
If you’ve browsed the internet in the last couple of months, the term ‘metaverse’ is likely to have been thrown at you at least once. Facebook rebranded itself after the concept and other companies are adopting the metaverse with their own spin; betting heavily that it will be the next iteration of the internet where we will work and play alike.
It was time to dive into what the metaverse could mean to delivering healthcare.
Posted on February 17, 2022 by The D.E.A. ROGUE WARRIOR
MCOL Cyber Attacks
By Staff Reporters
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Critical Insight: 2021 with 5 Findings
• In 2021, 45 million individuals were affected by healthcare cyber-attacks, up from 34 million in 2020. • The total number of affected increased 32% over 2020, meaning that more records are exposed per breach each year. • Breaches only rose 2.4% from 663 in 2020 to 679 in 2021 but still hit historic highs. • Hacking/IT incidents continue as the most common cause of breaches with an increase of 10% in 2021. • Hacking incidents at outpatient/specialty clinics saw a 41% increase in these types of breaches in 2021.
Personal health sensors and apps equip patients with personalised data so that they can become more proactive in managing their health. But what is still mostly the norm is that these sensitive data are governed by the companies providing these services; and they often profit out of it, oblivious to patients.
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But even though NFTs are still in their infancy, the technology might evolve in the future to become more compelling for patients to favor the agency it provides over their data.
Posted on February 6, 2022 by The D.E.A. ROGUE WARRIOR
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Guide to Telehealth – Then, Now, Tomorrow? By Rebecca Chi
Healthcare providers have employed various forms of telehealth since long before the start of the coronavirus pandemic. Telehealth delivers knowledge and expertise to people and places that need it. A movement that largely began as a way to improve access to healthcare in rural communities saw explosive growth in 2020. Today, telehealth is in wide use and here to stay.
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What is telehealth? The US Health Resources and Services Administration defines telehealth as any electronic information and telecommunications technology that is used to support and promote long-distance clinical healthcare, patient and professional health-related education, public health and health administration. Telehealth technologies benefit providers, healthcare organizations and patients.
The importance of telehealth The key to maintaining population health and lowering expenditures is delivering timely access to high-quality care.
The US is struggling to improve the quality of healthcare and make the needed shift to value-based models. Innovative telehealth solutions that addressed our country’s worsening healthcare access problem reached the point of widespread adoption in 2020, when the pandemic pushed the healthcare system to its limits.
Telehealth increases convenience of care and access while decreasing costs and maximizing physician time. Providers, payers and employers are increasingly adopting various and connected types of telehealth solutions to improve healthcare operations and patient outcomes. Patients embrace the convenience, safety, accessibility and flexibility of telehealth options.
Posted on January 28, 2022 by The D.E.A. ROGUE WARRIOR
By Staff Reporters
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According to reporter Neal Freyman, Tech giant Oracle said it’s paying $28.3 billion to buy electronic medical records company Cerner, because anything that makes paperwork less excruciating seems like a savvy business play.
Oracle is known for being aggressive with acquisitions (it even rallied a group to try and buy TikTok last year), but Cerner is Oracle’s biggest purchase in its history. The deal is further evidence that health care is “on par with banking in terms of the importance to our future,” as cofounder Larry Ellison told analysts earlier this month.
In Cerner, Oracle will get the Klay Thompson of the electronic medical records market—a very influential player, but in second place behind Epic, which owns a 31% market share.
Bottom line: Big tech companies see a golden opportunity in bringing the health care industry to the cloud, given its size (health care spending accounts for almost 20% of US GDP), and its old-school record-keeping process. A Mayo Clinic study cited by Oracle showed that doctors and nurses spend an average of 1–2 hours on desk work for every hour they take to see patients.
Posted on January 27, 2022 by The D.E.A. ROGUE WARRIOR
By Staff Reporters
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IBM has reportedly placed its Watson Health division on the auction block again
Watson is a question-answering computer system capable of answering questions posed in natural language, developed in IBM’s DeepQA project by a research team led by principal investigator David Ferrucci. Watson was named after IBM’s founder and first CEO, industrialist Thomas J. Watson.
Posted on January 24, 2022 by The D.E.A. ROGUE WARRIOR
BY STAFF REPORTERS
Optum recently conducted a survey of 500 senior health care executives. Respondents said they are excited about the potential for AI in improving patient outcomes in multiple ways:
• Virtual patient care (41%) • Diagnosis and predicting outcomes (40%) • Medical image interpretation (36%)
Posted on January 12, 2022 by The D.E.A. ROGUE WARRIOR
By Staff Reporters
A survey that Redpoint Global conducted with Dynata of more than 1,000 US healthcare consumers found:
• 57% of healthcare consumers think retailers and/or financial services are better at providing personalized omnichannel experiences than healthcare • 29% said they expect frictionless check-in experiences across apps/phone calls/in-office • 34% expect data inputs in a healthcare portal (health history, surveys, insurance information, etc.) to reach providers • 24% of respondents said they did not utilize any sort of digital communication with providers during the pandemic • 14% said they had no contact with any healthcare provider during the same timeframe
Posted on January 2, 2022 by The D.E.A. ROGUE WARRIOR
Seven predictions for healthcare technology trends in 2022
In the wake of a pandemic, shifting care delivery models, and a surge of clinical content, Wolters Kluwer healthcare experts have identified seven healthcare technology trends for 2022.
1. Building trust in an age of digital information overload 2. Telemedicine becomes a fixture of the healthcare landscape 3. Resilience is key to retaining the nursing workforce 4. Unstructured health data helps researchers build health equity 5. AI reduces healthcare-associated infections (HAIs) 6. Quality improvement accelerates evidence to implementation 7. Virtual simulation and technology transforms nursing education
Posted on December 29, 2021 by The D.E.A. ROGUE WARRIOR
By staff reporters
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66% of Nurses Expressed Consideration to Leave The Profession
A survey of 570 nurses between May and June 2021 found:
• 66% of nurses expressed some level of consideration to leave the profession. • 97% of polled participants agree, that increases to pay rates and other incentives would attract and retain nurses. • 58% agree that tele-health should be a cornerstone of care delivery. • 85% believe that we must improve cross training to adapt to crisis events. • 85% strongly believe national licensure would have greatly benefited the country during the pandemic.
Cyber security is a complex and multifaceted challenge that is growing in importance.
Conclusion
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Posted on November 5, 2021 by The D.E.A. ROGUE WARRIOR
MORE ON EDR SECURITY
By Darrell K. Pruitt, DDS
Dental Care Alliance Data Breach Impacts More Than 1 Million Patients
NEWS FLASH!
“Sarasota, FL-based Dental Care Alliance, LLC, a dental support organization with more than 320 affiliated dental practices across 20 states, has been hacked and the protected health information of more than a million individuals has potentially been compromised. The breach occurred on September 18, 2020, was detected on October 11, and was contained on October 13.”
Currently I am in conversation on LinkedIn with a Chief Information Officer for an IT firm. He assures me that the cloud is more secure than paper dental records stored in heavy and loud metal filing cabinets, but cannot say why.
Meanwhile, I have never heard of a million paper dental records being stolen in one heist. Wouldn’t that require a truck or two? What’s more, once the thieves escape to their hideout, someone will have to enter the data onto computers – while struggling to interpret bad handwriting.
ASSESSMENT: Your thoughts are appreciated …. More later.
Artificial intelligence is all around us. From self-driving cars to shopping suggestions and everything in between.
In this episode of The Entrepreneur MD, we sit down with Sergei and Daniel from Well-Ai who share with us how their platform uses Artificial Intelligence to augment physicians and improve patient outcomes.
Posted on September 16, 2021 by The D.E.A. ROGUE WARRIOR
ByBertalan Meskó, MDPhD
Elizabeth Holmes has no idea how much damage she has done with Theranos. As I often wrote, for digital technologies to gain ground and become part of our everyday lives, we need not only technological solutions but a cultural paradigm shift. Holmes rolled a massive rock in front of it.
Similarly, Facebook’s data privacy practices do not increase people’s confidence in the company’s products. All the scandals that have surrounded the social network could backfire when Facebook wants to step into healthcare – and this is exactly what we wrote about in our latest article, Is There A Place For Facebook In Healthcare? In it, we looked at what Facebook currently does in medicine and evaluated whether those are viable ways to follow in the future.
Take care, Berci Bertalan Meskó, MDPhD The Medical Futurist
Posted on August 31, 2021 by The D.E.A. ROGUE WARRIOR
By First Stop Health
Even Through the Waxing and Waning of the Pandemic Over the Subsequent Months, Consumers Are Still 4X More Likely to Use Telemedicine Than They Were Previously.
Posted on August 11, 2021 by The D.E.A. ROGUE WARRIOR
Review
This is a handy, word-packed reference book with health information technology terminology of the past, present, and future. The paperback book is small and compact in size but amazingly full of words, abbreviations, and even names of leaders in the health information technology industry. While any book like this will require updating on a periodic basis, many of the terms will remain relevant for a good period of time. I found the dictionary very useful and recommend it as a good addition to the reference shelf in the office or library.
—Doody’s Book Review
From the Back Cover
Over10,000 Detailed Entries!
“”There is a myth that all stakeholders in the healthcare space understand the meaning of basic information technology jargon. In truth, the vernacular of contemporary medical information systems is unique, and often misused or misunderstood? Moreover, an emerging national Heath Information Technology (HIT) architecture; in the guise of terms, definitions, acronyms, abbreviations and standards; often puts the non-expert medical, nursing, public policy administrator or paraprofessional in a position of maximum uncertainty and minimum productivity ?The Dictionary of Health Information Technology and Security will therefore help define, clarify and explain…You will refer to it daily.””
–– Richard J. Mata, MD, MS, MS-CIS, Certified Medical Planner? (Hon), Chief Medical Information Officer [CMIO], Ricktelmed Information Systems, Assistant Professor Texas State University, San Marcos
Posted on April 25, 2021 by The D.E.A. ROGUE WARRIOR
Effective forms management improves healthcare data quality
By Shahid N. Shah
NOTE: Colleague Shahid Shah is an internationally recognized enterprise software guru that specializes in digital health with an emphasis on e-health, EHR/EMR, big data, iOT, data interoperability, med device connectivity, and bioinformatics.
Posted on January 28, 2021 by The D.E.A. ROGUE WARRIOR
Dear David,
For many companies, 2020 has been a devastating year due to the consequences of the COVID-19 pandemic. While the same can be said for the digital health sector, the pandemic has also paved a way to unexpected and extraordinary business opportunities in 2021.
I am happy to share with you Ralf Jahns, MD of Research2Guidance latest opinion piece. If you have any questions or need more insights, facts or data to tailor the text and make it unique, please do not hesitate to contact me. I can arrange a short call with Mr. Jahns.
Posted on January 13, 2021 by The D.E.A. ROGUE WARRIOR
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Whither the “Dictionary of Health Information Technology and Security?”
A simple query that demands a cogent answer!
There is a myth that all stakeholders in the healthcare space understand the meaning of basic information technology jargon. In truth, the vernacular of contemporary medical information systems is unique, and often misused or misunderstood. It is sometimes altogether confounding.
Terms such as, “RSS”, “eHRs”, “DRAM”, “ROM”, “USB”, “PDA”, “NPI”, “CCHIT”, and “DNS” are common acronyms, but is their meaning AND functionality truly understood?
We appreciate the support of our sponsors. So, click-on on the links below and review all dictionary products.
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A hard choice: What makes them bad? Well, it could be because they fail to achieve good aims, or succeed in wicked ones. They could be harmful, flawed, or ahead of their time.
Sad: The Segway turned out to be an expensive scooter that makes you look silly. Google Glass, on the other hand, makes the list as a decent technology that just lacked decent enough uses when it launched.
Bad: Electronic voting made the cut for making elections more vulnerable. The CRISPR babies born in November 2018 are on there too, because indiscriminate uses of the technology should worry us. Data trafficking, where our data is shared and used without our control, is undermining freedom and democracy—it had to be one there.
Mad: Of course, some inventions have no redeeming features whatsoever. May we present: selfie sticks.
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Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
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Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
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Posted on August 4, 2017 by The D.E.A. ROGUE WARRIOR
2014 to 2017
By D. Kellus Pruitt DDS
Three years ago
“When Patients Fear EHR – When patients believe paper medical records are safer and more private than electronic ones, their health can suffer. Many members of the public mistakenly believe electronic health records (ehrs) are less secure than paper files. Magnified by misinformation and political distortion of facts, an unnecessary fear has taken root in the minds of many consumers — often with serious consequences.”
-Mansur Hasib
Cybersecurity Professional – Author and Speaker in commentary for informationweek, July 28, 2014
“Doctors claim medical records system puts patient safety at risk – PROBLEMS with Queensland Health’s electronic medical record system are angering health workers, with fed-up senior doctors circulating a document slamming the technology and those in charge of it.”
-Kara Vickery and Janelle Miles – The Courier-Mail, July 25, 2017.
“300,000 records breached in ransomware attack on Pennsylvania health system – The breach on Women’s Health Care Group of Pennsylvania was discovered in May, but hackers had unauthorized access to the system as early as January.”
-Jessica Davis – Health Care IT News, July 26, 2017
“HIPAA Data Breaches, Cyber Attacks Reported by 47% of Orgs – KPMG found that there was a 10 percentage point increase in reported HIPAA data breaches or cyber attacks from 2015 to 2017.”
-Elizabeth Snell – Health IT Security, July 27, 2017
“Doctors frustrated that electronic records steal time from patients – Dr. Rebekah Gardner has to make a choice each time she sees a patient in her Rhode Island office: she can scroll computer screens and click boxes, or she can focus on the patient and take home the computer work.”
“Plastic Surgery Associates data breach: Patients’ records, payment card details possibly compromised – The company said it discovered that some of its systems were infected with ransomware in February.”
-Hyacinth Mascarenhas – International Business Times, July 29, 2017
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