Chase Feiger, M.D.

Some VC investors believe that brick and mortar - referring to a physical presence of some kind - should be avoided at all costs. Yet, the track record of clinic and hybrid care businesses in health care indicates otherwise. ==> One Medical (sold for $3.9 billion to Amazon), Oak Street (bought by CVS for $10.6 billion), Lifestance (IPO at $7.5 billion market cap), and PE-backed Premise Health (acquired by OMERS Private Equity for $1.1 billion) If a clinic is indicated as the optimal way to deliver care for that patient population, there are creative ways to build and operate them. Full article below with advice and strategies on how to build and operate hybrid clinics from my teammate Anarghya Vardhana from Maveron, Amir Dan Rubin from OneMedical Group, Steven Eidelman from Modern Animal and more!

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"Digital health is no longer the future; it is the present, reshaping our healthcare landscape in real-time." Excited to be part of the UCSF Digital Health Hub Foundation's Quarterfinalist Party! As a past board member, I'm honored to celebrate the outstanding quarterfinalists. As we reflect on the state of digital health in 2024, it's evident that the COVID-19 pandemic has fundamentally transformed healthcare delivery. The rapid adoption of telemedicine during the crisis has become a permanent fixture, with over 60% of physicians continuing to utilize this technology. The sprint towards smarter healthcare, catalyzed by necessity, has shattered preconceptions about digital-first health experiences. Virtual care is no longer a stopgap but an integral part of a seamless, anytime, anywhere health ecosystem. 🌍 We're witnessing the rise of B2B2C models in remote consultations, with companies like Teladoc Health and Amwell partnering with insurance providers to integrate their services into health plans. Public sector collaborations, like eConsult Health 's partnership with the NHS in the #UK, underscore the potential for remote consultations to enhance efficiency and accessibility at a national level. The digital health landscape is evolving rapidly, with advancements in remote consultations, mental health support, at-home diagnostics, and patient monitoring. AI and generative AI transform care delivery, making it more efficient, personalized, and patient-centric. 🤖 Yet, challenges remain. While venture capital funding for digital health has stabilized after the pandemic boom, it remains below its 2021 peak. Sectors like digital therapeutics face reimbursement hurdles, and we've seen major players like Walmart and Optum close telehealth businesses. Looking ahead, we anticipate further consolidation in digital health, driven by acquisitions to create broader ecosystems encompass telemedicine, mental health, and other specialized services. As healthcare leaders, we must leverage these digital advancements to improve access, enhance patient outcomes, and drive efficiency in our healthcare systems. The future of healthcare is digital, and the time to embrace this transformation is now. Congratulations to all the finalists! 🎉 Looking forward to the grand finale at #HLTH2024 in #LasVegas! 🙌 By the way, the pink drink that we were holding was delicious—and nonalcoholic! The Digital Health Hub Foundation - Digital Health Awards #HealthcareInnovation #DigitalHealth #UCSFHealthHub #Networking #HealthTech #Entrepreneurship #LasVegasFinale Walter Greenleaf, PhD Daniel Kraft, MD Unity Stoakes StartUp Health University of California, San Francisco UCSF Innovation Ventures American Association for Precision Medicine (AAPM) WISE World Investors & Entrepreneurs Society #AAPMhealth #aapm_health

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Today's post is about our commitment at Bread and Butter Ventures to investing in women's health within our healthcare vertical, which is a big focus of our fund. Our mission in healthtech broadly is to invest in technology that democratizes access to quality care for all. A report this year from Deloitte shared that investment in women’s health rose by 5% between 2022 and 2023 - heading in the right direction, however, women's health represented just 2% of the $41.2 billion in venture funding that went to health companies in 2023, according to Deloitte’s analysis. There is such tremendous opportunity to innovate and invest for half the world's population. This an economic imperative. Spotlighting today 5 outstanding healthcare startups innovation in women's health who are very proud to have in our portfolio: ⭐ Gabbi: is building a comprehensive breast cancer risk assessment and early detection platform, combining cutting-edge technology with personalized care. As a woman's virtual breast specialist, Gabbi ensures every woman knows her risk and has access to early detection via telehealth. https://www.gabbi.com/. Shoutout Kaitlin Christine ⭐ Chiyo: is a personalized & integrative food-as-medicine platform that helps the next generation of mothers looking for guidance as they navigate the acute transitions of fertility, pregnancy and post-partum. https://wearechiyo.com/. Shoutout Irene Liu ⭐ Delfina: is creating an AI-powered pregnancy care platform to solve the global maternal health crisis. Delfina lowers rates of adverse outcomes, hospitalizations, and NICU stays to deliver substantial savings for health plans and risk-sharing providers. https://www.delfina.com/. Shoutout Senan Ebrahim, MD, PhD Priyanka Vaidya Ali Ebrahim ⭐ Nest Collaborative is the first to create a nationwide network of lactation consultants, available to mom 24/7 through virtual consultations. We were also the first to offer mom a no-cost, insurance-paid experience - which means when she has a problem we can connect her with a consultant within hours and we take care of all the payment and paperwork on the back end. We are, in all ways, her BFF - Breast Feeding Friend. https://lnkd.in/gKCVYvtF. Shoutout Judith Nowlin ⭐ Myya: provides breast cancer survivors completely customizable, fully insurance billable post-mastectomy prosthetics with a state-of-the-art fitting experience online and in-person. https://myya.com/ Jasmine Jones #womenshealth #digitalhealth #venturecapital #startups

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Imagine swallowing the competition whole. That's what many players in tech do via roll-up strategies, gobbling up smaller firms to deliver richer solutions and amass greater market share. Where else are roll-up strategies common? // HEALTHCARE Picture being a patient at a medical practice that’s been part of a roll-up in Healthcare Services. It's an industry ripe for roll-ups due to its fragmented nature and potential for greater efficiency. // CONSUMER SERVICES Or let's say you needed your HVAC serviced, and notice your local repairman is now part of a bigger Consumer Services entity? Centralized management and scale economy turn these localized businesses into roll-up targets. // FINANCIAL SERVICES Think about your insurance agent or wealth management advisor. They're working in complex, highly regulated environments. In the Financial Services sector, roll-ups offer an effective way to consolidate expertise, streamline operations, and enhance customer offerings. // MANUFACTURING Now, imagine driving past factories under a new name — the result of Manufacturing and Industrial Services roll-ups. Bulk purchasing reduces costs, enhances production capabilities, and expands geographical footprints. // REAL ESTATE Lastly, envision your real estate brokerage firm. The industry sees roll-ups as a strategic move to increase market penetration, enhance service offerings, and hike up portfolio value. Roll-ups play a huge role in most industries, rather like a snowball rolling downhill, gaining momentum, and size. Are you seeing roll-ups in your sector or considering M&A?

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🚀 Innovate for Impact, Not Hype Too many healthtech startups are dazzled by the latest technology trends. But real success comes from driving value-based outcomes. Here’s your roadmap: 🔍 Enhance Patient Outcomes 💰 Cut Down Healthcare Costs ⚙️ Boost Operational Efficiency Funding and contracts don’t come from flashy features—they come from proven results. Focus on what truly matters to your end users and stakeholders. 💡 Make value the core of your innovation strategy. #Healthtech #ValueBasedOutcomes #HealthcareInnovation #Efficiency #Innovation #Health

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Digital health investors pulled back, but there are rays of hope... It's a similar story with startups across the gamut - things got a bit crazy there for a while, and discipline is ramping up - profitable growth is in. At MedCity News INVEST, Shawn Ellis put it well - much-needed practicality has been injected into the funding environment "Founders are paying more attention to unit economics, contribution margin, thinking critically about the milestones in their business and the KPIs they need to show all the way." Good news is that many investors want to be more than cash machines - Fatima Husain cites the Better Health example, where her healthcare connections helped the company achieve traction with major health systems. All this to say, rocky times are still ahead for #digitalhealth as things reset. But reasons to be optimistic and keep at the mission. #healthcare #innovation

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Redesign Health has launched its largest fund to date, securing $175M to support over 20 new healthcare startups. Founded in 2018, the venture builder has previously incubated more than 60 companies, including Scriptology and Vivid Health. The new fund aims to address challenges such as healthy aging, interoperability, and expanding sites of care. This funding underscores investor confidence in tackling the $4T healthcare market's persistent challenges.

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Investing in companies that fill needs for health systems is a growth opportunity for both delivery organizations and start ups. Some systems are jumping in on their own, while others are partnering with like minded systems or with established VC firms. While this is a relatively new trend for systems, health plans have been making similar bets for many years. The benefits of becoming a health system portfolio company can be significant. Data, access to beta populations and real world coaching can be extremely beneficial. Start ups get mentoring and systems have to ability to leverage outside resources to solve relevant business problems. I predict a booming business!

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I saw this pattern of rapid growth and then consolidation happening in banking and FinTech in the mid 2000s. We jumped into Digital Healthcare in 2016 with the thesis that there were similar drivers. One big surprise, COVID, acted as rocket fuel to the industry but the same fundamentals apply. Consolidation of the biggest players , innovation by faster moving startups raising capital and then being acquired and patients expecting current ( i.e... wait, we are still using faxes? ) but rather now , de facto to them, omni channel consumer experiences. What can we continue to learn from past "explosions" of growth?

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Here's another fundraising roundup spotted in the healthcare wilds 👀 🍃 ✅ Sword Health raised $130M (new valuation: $3B). ✅ Better Health raised $14M to deploy expanded payer partnerships. ✅ Alzheon, Inc. | Preserving Future Memories raised $100M Series E to advance development & commercialization of its Alzheimer’s treatment. ✅ CinRx Pharma raised $73M to continue its ‘Hub and Spoke’ model of startup formation. ✅ Eko Health raised $41M to scale AI-driven heart and lung disease detection. ✅ Anterior (formerly Co:Helm) secured a $20M Series A to unlock admin efficiencies for healthcare payers. ✅ SamaCare raised a $17M Series B to scale specialty drug prior authorization platform. ✅ Plenful secured a $17M Series A to streamline pharmacy operations with AI-powered workflow automation. ✅ Grayce raised a $10.4M Series A led by Maveron amid a caregiving crisis. ✅ Stitch Employment Services Inc PEO raised $8.75M in seed to support independent medical practices. ✅ Posterity Health secured $6M to fund expansion and technology acceleration. ✅ Sware raised $6M to accelerate life sciences innovation by automating FDA-mandated software validation. ✅ Keragon raised $3M, as announced in @Conno Christou’s LinkedIn post. As always, if I missed you, let me know! Each week I'm spotlighting an innovative healthcare startup. I just ask for a bit more transparency. All submissions are confidential; submit yours here 👇 https://lnkd.in/gF4DrAvJ Looking for more fundraising roundups, alongside healthcare industry news and analysis? Subscribe to Hospitalogy, my 2x/week newsletter. Join 33K+ other investors, executives, and healthcare professionals: https://lnkd.in/g-nfRqW6

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Here’s your recap of last week’s health IT news 🗞️ 👇 🤖 AI Products • Emergency Services, Inc. + Augmedix Go ED: The emergency medicine group adopted the new ED-specific AI ambient scribe solution.    • Color + OpenAI: The cancer care tech company partnered with the GenAI giant to build a AI clinical decision support copilot.    • AKASA Medical Coding: The AI RCM vendor known for its AI prior auth tool AKASA Authorization Advisor released a new GenAI medical coding solution.    • Humata Health: The AI prior auth for providers vendor closed a $25M funding round led by healthcare org-backed funds The Blue Venture Fund and LRVHealth.    • Wellsheet + Concord Hospital Health System: The AI-enabled Smart EHR UI solution announced a client-reported 16.3% reduction in length of stay and 40% decrease in time spent in the EHR via its partnership with Concord Health, as well as the release of its new LLM-generated handoff summary feature. 🍎 VBC • BSIM Healthcare Services + Innovaccer: The healthcare provider—embarking on its first VBC contract—adopted the pop health data platform for analytics. 🩼 Durable Medical Equipment • Parachute Health: The DME e-prescribing and ordering solution released an update that integrates prior authorization. ⚕️Clinical Staffing • Matchwell + Indiana Hospital Association: The clinical staffing service partnered with the hospital member org to create the first state-wide resource pool for temp staffing. 🧑‍💻 Virtual and At-Home Care • Deaconess Health System + KeyCare: The Indiana-based health system adopted the Epic-based virtual care provider for around-the-clock virtual urgent care.    • UC Davis Health + Current Health: The health system launched a new RPM program for high blood pressure in partnership with Best Buy Health’s care-at-home platform. 🧠 Food for Thought: We came across a couple of good resources this past week on the current state of healthcare data information exchange: • This article in Health Affairs from Deven McGraw and Tina Grande provides a comprehensive overview of some of the patient health data abuses we've seen come to light in recent months, as well as a number of policy recommendations to improve the health information exchange landscape for all participants. https://lnkd.in/e_GEQ-JJ  (h/t Alya Sulaiman)    • This episode of Health Gorilla's InteropTalk gives a helpful update on the current state of affairs, with a particular focus on the state of trust across the health data exchange community and how the definition of "Treatment" may evolve. https://lnkd.in/e96AJG-5 (h/t Brendan Keeler) --- Reminder: you can sign up for the Elion Briefing to get the latest healthcare tech news delivered to your inbox each week 📬 👉 https://lnkd.in/e2UJ3ckP

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🌟 Capital for Cures: A New Platform for Healthcare Transformation 🌟 At the beginning of this year, Capital for Cures launched with a bold vision: to mobilize more capital for emerging healthcare companies and solutions. The mission is simple yet urgent—funding healthcare innovation shouldn’t rely solely on the pharmaceutical industry. By expanding our partner network, engaging with pension funds, insurance companies, and other investors, and securing foundational capital, we aim to cultivate the next wave of angel investors, foster collaboration, and provide innovators with the capital they need to thrive. How It Started The idea for Capital for Cures arose from a clear gap in the industry. Early-stage healthcare companies often struggle to secure critical funding, while traditional industry events fail to provide the intimate, action-driven forums needed for impactful collaboration. This inspired the creation of a platform dedicated to fostering meaningful connections among innovators, investors, and policymakers. Recent Milestones Earlier this month, our AI Roundtable in Basel brought together senior leaders from Swiss companies and big data providers involved in foundational AI models, highlighting the urgent need for companies to engage directly with regulators to shape practical AI policies. Additionally, the Capital for Cures event in Frankfurt reinforced the demand for forums like ours. Unlike large-scale conferences, these events showcased the power of action-oriented collaboration to unlock new opportunities. Our Vision for the Future We’re building a fully-fledged platform for transformation: Engaging New Investors: Attracting non-traditional investors, like pension funds and insurance companies, to unlock significant healthcare funding potential. Cultivating Angel Investors: Encouraging successful founders to reinvest in the ecosystem, fueling continuous innovation. Fostering Meaningful Connections: Bridging the gaps left by traditional conferences like Bio-Europe and JP Morgan. Next Steps We are raising $300k USD to scale our vision and mobilize more capital for healthcare innovation. Expanding our partner network is critical to supporting emerging companies and driving impactful change. Join Us Contribute to Our Advisory Board: Bring your expertise or recommend key leaders. Partner with Us: Offer financial or non-monetary support to help scale this transformative initiative. Participate in Upcoming Events: Join our next roundtable to shape the future of AI and healthcare. Together, we can build a brighter future for healthcare by empowering innovators, mobilizing investors, and influencing policies for meaningful change.

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Venture capitalists on a panel at MedCity News' INVEST conference in Chicago provided insights on the current #healthcarefunding environment, their views on AI, and why diversity still really matters. Key takeaways: 💹 The #digitalhealth funding market has more discipline, seeking founders who are paying more attention to unit economics and contribution margin and thinking critically about the milestones in their business and KPIs. 💹 Most investors want to help their portfolio companies sustainably accelerate profits and build the networks, such as #healthsystem connections, necessary for eventual commercialization. 💹 When considering #healthAI startups, a key question is asked: Is this a product or a company? AI should be an integral part of the core business rather than a trendy add-on. 💹 Diversity still really does matter. A VC on the panel said in all of the term sheets her firm signs, there is a clause that stipulates #diversity requirements for its portfolio companies. https://lnkd.in/gqsJEHBk

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🌟 Welcome to ICCN's Daily Rounds: One Article a Day Challenge! 🌟 At ICCN, we understand the demands of critical care medicine and the continuous need for up-to-date knowledge and skills. That's why we launched the "One Article a Day" challenge, one of our most popular sections, already engaging over 555 members! Why join the One Article a Day Challenge? 📚 Daily Knowledge Boost: Every morning at 0600 EST, we deliver a peer-reviewed article directly related to critical care. Each article comes with a concise summary and a link to the full text, allowing you to dive deeper at your convenience. 🧠 Stimulate Your Mind: Kickstart your day with cutting-edge insights and research findings. Think of it as a morning workout for your brain, enhancing your critical thinking and decision-making skills. 💡 Empower Your Practice: With each article, you gain access to the latest evidence-based practices and innovations in critical care. Stay informed and ready to make impactful decisions that improve patient outcomes. Join Our Community of Critical Care Experts 👥 Engage and Discuss: Share your insights, ask questions, and engage in discussions with peers who are just as passionate about advancing critical care. 🔗 Sign Up Today: Joining is easy and free! Don't miss out on the opportunity to be part of this exclusive learning journey. What are you waiting for? Embrace the challenge and become a part of a community dedicated to excellence and innovation in critical care. Together, let's push the boundaries of what's possible and continue to make a significant impact in the lives of those we serve. HELP US SPREAD THIS CHALLENGE BY REPOSTING THIS IN YOUR OWN PAGE. OH DID WE MENTIONED ICCN IS FREE? WHAT ARE YOU WAITING FOR? SIGN UP TODAY. 🔗 https://lnkd.in/eSdNyvav #ICCN #CriticalCare #OneArticleADay #MedicalEducation #HealthcareProfessionals #JoinTheChallenge

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HealthTech founders have a lot of blind spots. (And that is to be expected and normal) The majority of founders we work with at Adopt-A-Doc are non-clinical. They usually come from a strong technical / commercial background. Think engineers, marketers, developers, PHDs and CEO types. They bring with them a wealth of experience building products and scaling businesses. 𝐁𝐮𝐭 𝐭𝐡𝐢𝐧𝐠𝐬 𝐚𝐫𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐢𝐧 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞. More often than not, founders are less well versed with: 1. 𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐄𝐯𝐢𝐝𝐞𝐧𝐜𝐞 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 - How to design a high quality study, how to carry them out and write them up. 2. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 - Medical device regulation, data protection, cybersecurity and compliance. 3. 𝐒𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐫𝐞𝐯𝐢𝐞𝐰 - reviewing the current body of medical literature to assess if something similar has been done before. 4. 𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 - what to do when things go wrong, how should the service be designed to deliver safe care. 5. 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐡𝐞𝐚𝐥𝐭𝐡 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 - speaking to the right stakeholders, understanding clinical pathways, navigating procurement. 🤔 How do I know this? I spoke to over 100 founders. And inevitably I get asked the same questions AGAIN and AGAIN. It is also why I created so many carousels, Because it is much faster and easier to get the point across. __________________________ But founders from outside of medicine bring in a lot of value too. 🤗 𝐓𝐡𝐞𝐲 𝐛𝐫𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞𝐦: - Time and tenacity  - A Commercial mindset - Out-of-the-box thinking - A fresh set of perspective - The ability to build a sustainable business Things that are sometimes missing with clinicians. 🙃 We all have our own blind spots. But by working together, we cover each other. 👇 What other blind spots have you identified? Liam Cahill | Dr Terence | Laura Johnson | Guy Gross | Graham Walker, MD | Liz Keen | Dipu Patel, DMSc, MPAS, ABAIM, PA-C

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"Equitable healthcare", and "democratized healthcare". I have spent a few years in the healthcare ecosystem, and sometimes sitting on the business side of things, these terms that I wholeheartedly endorsed and believed in, started to feel like jargon. In a "tech-enabled" healthcare world, true digital health innovation is rare, with many simply adding "AI-enabled" without substance. Which is why I am so glad to have met Viraj, who kind of got me out of my cynicism. My view had narrowed considerably, but looking at what Viraj is building and how, was refreshing and I am sure there are so many more people out there who are building health tech to realize equitable healthcare in India! Check out my short podcast episode with Viraj Kulkarni who is building Iyaso/Eloquent; an app that helps people overcome stammer and other speech disorders. Link to podcast: https://lnkd.in/gYwybbNb #Healthcare #DigitalHealth #Innovation #EquitableHealthcare #HealthTech

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🔍 Groundbreaking research reveals how healthcare's biggest players are actually implementing AI - insights from 63 C-suite leaders at top payers and providers. Define Ventures' comprehensive study, interviewing leaders from 10 of the top 20 providers and 5 of the top 10 payers, uncovers a pragmatic yet ambitious approach to AI adoption. Key findings: - 53% of leaders consider AI an immediate priority, with 73% increasing their financial commitments. - 76% are establishing programs involving AI pilots - For AI adoption, healthcare orgs are progressing with 3 distinct phases: Laying Groundwork, Test & Iterate, and All In. 2. ROI Focus: 54% believe AI's biggest near-term impact will be on patient and clinician experience. Leaders are prioritizing "soft ROI" early wins over hard financial metrics to build organizational confidence. 3. Use Case Priorities: - 83% of providers prioritize clinical documentation/ambient scribing - 68% of payers focus on member experience enhancement - Most organizations taking a "portfolio approach" mixing quick wins with strategic priorities 4. Build vs Buy Reality: 72% lean on external partners for applications, while 69% rely on external vendors for LLMs. However, 40% are investing in internal data infrastructure capabilities. The report's roadmap: Balance pragmatic implementation with strategic vision, focus on operational efficiency first, and build strong governance frameworks (73% have already established AI governance committees). 🔗 Read the survey: https://lnkd.in/g-kKRMhN #DigitalHealth #HealthTech #AIStrategy image: Define Ventures (above link)

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In our latest publication in Health, Management, Policy, and Innovation – "Why AI Is Good for Our Health but May Hurt Our Wallets," we examine how current regulatory frameworks, reimbursement structures, and business models for AI in healthcare are decoupled, creating an environment in which AI may significantly increase costs without necessarily improving outcomes. We recommend three interconnected reforms to unlock the full potential of healthcare AI: (1) Rigorous pre- and post-deployment evaluation to verify proposed clinical value, (2) Development of assessment standards through shared guidelines, and (3) Strategic alignment of AI deployment modalities with sustainable business models – "modality-business model-market" fit 👉 https://lnkd.in/d8NiczyM Sneha Shah Jain, MD, MBA, Clinical Professor and Kevin Schulman Professor of Medicine at Stanford University, Nigam Shah, Chief Data Scientist, Michael Pfeffer, Chief Information and Digital Officer, and Linda Hoff Chief Financial Officer at Stanford Health Care

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Interesting to see that digital health funding is relatively stable. Only a couple of exits. I think we'll see more deals like DarioHealth's acquisition of Twill, since from a sales perspective, the narrower the solution, the more difficult it is to acquire customers. This difficulty has nothing to do with the quality of offerings, but with the data management and administrative complexity on the customer side.

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