Robert Longyear

Here’s your recap of last week’s health IT news 🗞️ 👇 Notable partnerships 🤝 • WakeMed will roll out AI clinician assistant Regard across three hospitals by the end of the year.    • Saint Luke's Mid America Heart Institute adopted Story Health to support patients with AFib.    • Cone Health, Sentara Health, and A Plus Family HealthCare, along with 2 others are partnering with TytoCare to deliver primary care in local school districts.    • Ballad Health is integrating with teleneurology provider Sevaro to provide stroke care in the ED.    • Sturdy Health is utilizing Notable for appointment scheduling, demographic and insurance verification, and pre-registration form completion.    • Group Health Cooperative of South Central Wisconsin has implemented the Epic-based virtual care platform KeyCare to provide virtual visits nationwide. Product updates 👩🏼‍💻 • Transcarent launched an AI-powered platform for patients to navigate benefits, clinical guidance, and care delivery.    • Epic announced it will launch a new patient data insight tool relying on its Cosmos database.    • LG Electronics released its hospital-at-home platform, PrimeFocus.    • athenahealth released two new specialty care solutions for women’s health and urgent care.    • SmarterDx announced a $50M Series B funding round.    • Kyruus Health has expanded its network to include virtual behavioral health providers.    • Laguna Health released a new performance dashboard that detects metrics such as burnout risk and empathy in patient interactions.    • Crosby Health, which aims to automate claim denial appeals, announced the launch of its large language model and $2.2M in pre-seed funding.    • Radiometer and Etiometry Inc. are partnering to enhance clinical decision making in acute care settings.    • TurningPoint Healthcare Solutions acquired the AI prior authorization vendor Fairway Health.    • Komodo Health announced updates to its MapEnhance product, adding SDoH insights, and two new specialty data partners, GeneDx and COTA. Posts we enjoyed 👏 • We’ve been watching much of the recent news on nurse strikes as well as the political back and forth on AI regulation, and really appreciated Sarah Gebauer, MD’s take on AI governance: https://lnkd.in/e7Jkb3NC    • We enjoyed Nikhil Krishnan of Out-Of-Pocket's take on AI in healthcare, including his thoughts on defensibility and AI's impact on costs: https://lnkd.in/eVtH4ShC --- Want to stay in the loop? Sign up for the Elion Briefing to get all of the latest healthcare tech news delivered to your inbox 📬 👉 https://bit.ly/49z6AUW

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We all have seen by now that AI holds the promise of reshaping healthcare delivery, and this goes particularly for marginalized communities. Its widespread adoption, however, necessitates careful navigation of potential biases and ethical concerns to ensure equitable outcomes for all! As we embrace AI's transformative potential, we must continue to actively address issues of access, transparency, and workforce readiness in order to promote a future where technology enhances, rather than hinders, health equity initiatives. #HealthEquity #Healthcare #AI

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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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The US Physician Workforce will be decimated by the boomer doctor retirement cliff between now and 2030. A disturbing pattern in recent study findings makes this issue much more urgent - and the timeline to impact much shorter - than the government predictions. Let me show you why. The new statistics, the references ... everything The dots will all line up when you watch this short video and I'm happy to have the chance to show them to you. If you are a physician leader, this video is a Must-Watch because the mainstream media is not covering this phenomenon. Employers are only focused on short-term results: the numbers at the end of this second quarter, or the end of 2024.  They don't see this long-term trend. I also strongly recommend you share these videos with your C-suite - especially if your organization does not have a Corporate Wellness Strategy in place at this time. Learn what to watch out for - and what you must start doing now - to implement a Physician Wellness Strategy while there's still time. This trend will play out over the next three or four years. It's inevitable. You can't fight father time and nobody's getting any younger. Every doctor needs to know what is coming. Watch these short outtakes from this week's Wellness Champion Summit Webinar https://lnkd.in/gFYckWS4 **You will learn** 👉 What is the Boomer Doc retirement cliff? 👉🏽 How bad is it? 👉🏿 Recent changes in female physician and medical student behavior make things much worse. 👉 How the answer to this one question to your CMO doubles the projected physician shortage of 2030. 👉 Does AI at the same time make things better or worse? 👉🏿 What your organization must do now to prepare. 👉🏽 Why I'm predicting a brief window of opportunity for a corporate Physician Wellness Strategy - but you must act now!

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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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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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Fantastic article by Denise Marks and Lee Shapiro. Here’s to hoping more investors are listening!

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🔄 The Evolution of Healthcare: Navigating the Shift to Value-Based Care Join healthcare leaders Abhishek Shah of TruDoc and Ralph Morales III ŌURA for a critical discussion on transforming care delivery models. As the industry pivots from fee-for-service to value-based care, understand what's working, what isn't, and what's next. Key Discussion Points 📊 Success metrics from early adopters 🏥 Organizational transformation strategies 💡 Scaling challenges and solutions 📈 Real-world outcomes and learnings 🔗 Apply to attend: https://lnkd.in/e_CgHMwC Join the conversation that's reshaping the future of healthcare delivery. #Healthcare #HealthcareInnovation #HealthTech #HLTH

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Here’s your recap of last week’s health IT news 🗞️ 👇 🤖 AI Clinician Assistant • Commure announced it will acquire Augmedix in a take-private deal. • Suki announced a partnership with Federally Qualified Health Centers and Community Health Centers, including Utah Navajo Health System, Inc., CenterPlace Health , and Access Health Louisiana. • OneHealth is partnering with healthPrecision / Medical Brain to support the former’s Modern Primary Care platform. 📈 Data & Analytics • Huma announced a $80M Series D that included pharma investors AstraZeneca and Leaps by Bayer, as well as the launch of its Huma Cloud Platform, a service that promises to help digital health products scale and launch their products more efficiently. • Intermountain Health partnered with NeuroFlow to better understand its Colorado patients’ behavioral health risks. 🔁 RCM • Medmetrix acquired HRSI - Healthcare Receivable Specialists Inc., accelerating development of its end-to-end solutions. • Thoughtful AI launched new “human-capable” AI agents for claims processing, patient eligibility verification, and payment posting and announced a $20M Series A. 📋 Patient Administration • XO Health Inc. is partnering with Kyruus Health to integrate its price transparency and directory tools. 💼 Provider and Practice Administration • West Tennessee Healthcare is implementing Qventus, Inc. 📱 Patient Support and Communications • Vizient, Inc has contracted with Mytonomy on behalf of its hospital and health system customers. • Tendo added FlyteHealth to its marketplace. • Epic offers a new integration with United Language Group allowing providers to dial-in an interpreter directly from the patient care workflow. ⚙️ Clinical Operations • Wolters Kluwer Health released an update to its UpToDate Pro software designed to support PCPs in prescribing, switching, and titrating antidepressant prescriptions. • Fullscript released two new studies demonstrating higher engagement and improved patient labs. 🍎 VBC • Guidehealth is now offering Story Health to its partner health systems. • Astrana Health is partnering with Elation Health to offer its EHR platform and billing technology to its customers. • Thyme Care closed a $95M series C, including healthcare funds such as CVS Health Ventures, Concord Health Partners, and more. 🧠 Food For Thought • A recent study found that Chat GPT-written patient portal messages were comparable in quality (and better on measures of empathy and communication style) to those drafted by healthcare professionals, according to PCP reviewers. We’re always interested to see physicians’ responses to GenAI solutions, as the tide turns toward greater acceptance of the technology. https://lnkd.in/gMX7ATX2 --- Want the latest healthcare tech news delivered to your inbox each week? Sign up here 📬 👉 https://lnkd.in/e2UJ3ckP

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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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Having returned from the HLTH conference, I can't shake this one feeling. HLTH is my favorite conference of the year. There are so many opportunities to learn, connect with others, raise funding, sell, and have fun. For those that haven't been, it's unlike any conference you've ever been to. Laser light shows, great music that keeps you energized, star-studded line-up of speakers and after hours performers, and a diverse mix of stakeholders from healthcare. It comes across as a celebration. But what are we celebrating? We still have the same healthcare issues we had when I got into this industry 18 years ago. Healthcare is still too expensive and outcomes are poor when compared to other countries (who spend a fraction of what the US spends on healthcare). What is going to be the turning point in healthcare when all of this changes? ------------ Tomorrow I will share my top 5 insights from HLTH.

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Story Health, Guidehealth partner to develop cardiology program - MobiHealthNews #StoryHealth and #GuideHealth have teamed up to create a comprehensive cardiology program aimed at improving patient outcomes and enhancing care delivery in healthcare facilities. The partnership will leverage advanced technology and data analytics to streamline processes and provide personalized care to patients. #CardiologyProgramDevelopment: Story Health and GuideHealth collaborate to design a specialized cardiology program that integrates innovative technologies and data-driven solutions to optimize patient care and treatment outcomes. #EnhancedPatientOutcomes: The partnership between Story Health and GuideHealth aims to enhance patient outcomes by leveraging advanced technology and data analytics to provide personalized and efficient care to individuals with cardiovascular conditions. #ImprovedCareDelivery: By utilizing cutting-edge technology and data analytics, Story Health and GuideHealth are working together to streamline care delivery ai.mediformatica.com #health #storyhealth #patients #provide #guidehealth #provider #heart #data #partnership #providers #acce #model #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/4cWoseo)

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90% of startups fail. So why do healthcare initiatives at large corporations fail at about the same rate? Many of these were launched with great fanfare but announced closures a few short years lateer. A few reasons might be: 1. Mission but no strategy: it's not enough to have a mission to treat a specific population or group of employees, you have to be in it for the long haul with a strategy that will evolve over time. 2. Misunderstanding of healthcare complexity: many executives believe they understand the problem and use tools from other industries to solve healthcare issues. You can't always bring things that work in banking, finance, retail for example. 3. Execution: rarely does leadership hire people who have a track record of execution in healthcare. I'm talking about people who have been able to gut through the losses. This is probably the biggest misstep. You agree with these reasons? What would you add to these? #healthcare #failures https://lnkd.in/etzZywnK

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Telemedicine is dead. Or is it? 📉🩺 We've seen the meteoric rise and fall of giants like Teladoc and other telemedicine companies. The pandemic era sparked unprecedented growth in virtual care, but what happened next? Declining stock prices, wavering investor confidence, and questions about the sustainability of this healthcare model. Don't equate a failed business model (Teladoc was cozy under the sheets with insurance companies and forget to take care of doctors) with a failure of telemedicine. So let's shift gears. 🚀 Telemedicine isn't just a trend—it's a powerful tool that should be synonymous with modern healthcare. 🌟 **The Benefits**: - **Accessibility**: Reach patients in remote areas with ease. - **Convenience**: Eliminate the need for travel and reduce wait times. - **Efficiency**: Streamline processes, from booking to billing. Imagine this: providing guidance to patients, offering second opinions, and educating the masses—all without the friction of traditional office visits. 🏥💡 Telemedicine is here to stay, evolving to meet the needs of our digital age. As we navigate its integration, we must focus on: - **Technology access**: Ensuring everyone can connect. - **Regulatory clarity**: Harmonizing laws across regions. - **Data security**: Keeping patient information safe. Let’s lead the charge in embracing telemedicine as a vital part of healthcare’s future. The fact remains we have an asymmetry between where doctors live and where patients have access to care. Until we train more doctors, make living and working in rural America more attractive, we are going to have to embrace alternative ways of providing care. Telemedicine is one of the solutions. Regardless of Teladoc's stock price. Together, we can create a more connected, efficient, and equitable system for all. 🌍💼 #Telemedicine #DigitalHealth #HealthcareInnovation #PatientCare #FutureOfHealthcare #telehealth #healthcare

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What is one of the country's leading safety net health systems focused on right now? Gabriel M. Cohen MD, CMIO for Population Health at NYC Health + Hospitals shared his perspective with us in this week's 𝘌𝘹𝘦𝘤𝘶𝘵𝘪𝘷𝘦 𝘐𝘯𝘴𝘪𝘨𝘩𝘵𝘴: 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰? 1️⃣ Patient engagement – leveraging omnichannel communication to efficiently close care gaps 2️⃣ Interoperability – putting usable data in front of our clinicians at the point of care to support care gap closure 3️⃣ Care coordination – building the tech infrastructure for our social workers, community health workers, and care managers 4️⃣ Care infrastructure for asylum-seeking and incarcerated patient populations – multiple initiatives, with a particular focus on providing housing for homeless populations 𝗪𝗵𝗮𝘁’𝘀 𝗮 𝗿𝗲𝗰𝗲𝗻𝘁 𝘃𝗲𝗻𝗱𝗼𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝘀𝘁𝗼𝗿𝘆? Our partnership with Findhelp. Addressing health-related social needs is a critical priority for NYC H+H Our organization already has a high penetration of social needs screening, so our focus today is connecting patients with the right resources to address the identified disparities. Findhelp helps us with this by: • Ingesting the health-related social needs screening data • Identifying those patients who have a need • Locating the best local resource(s) for that patient • Connecting the patient to the resource(s) • Facilitating end-to-end communication, including informing the physician and care team whether the patient accessed the resource(s) Key to this initiative's success has been its tight integration with our current workflows in Epic, to the point that it should largely feel seamless for our clinicians. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘆𝗼𝘂 𝗳𝗼𝗰𝘂𝘀𝗲𝗱 𝗼𝗻 𝘄𝗶𝘁𝗵 𝗿𝗲𝗴𝗮𝗿𝗱 𝘁𝗼 𝗔𝗜? As a safety net health system, NYC H+H’s priority is to ensure that the AI tools and models we employ can sufficiently manage potential bias. We’re currently prioritizing governance-related workstreams (e.g. governance councils, frameworks, and processes) that will drive a safety net health system playbook for appropriately evaluating and managing AI. The specific AI use cases we're currently prioritizing include: • Chart summarization • Inbasket management Other future areas of exploration: billing automation and radiology automation — For more insight from leading health IT execs, as well as Elion's latest research and can’t miss industry news, subscribe to our newsletter 📬 👉 https://bit.ly/49z6AUW

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