Shivdev Rao

“The next level of 'systemness' is 'networkness'…, an era of openness with no borders.” Jag Singh MD. What an experience of visioning and creating what’s next, connecting with multinational colleagues at the 2024 Healthcare Innovation Conference, hosted by the MESH Incubator | Mass General Brigham. Look forward to progressing on emerging collaborations in networked healthcare innovation!   Innovation Insights ⚡️Future of care will be virtual, sensor-aided, powered by Al and remote monitoring, with sustainable workflows… redefining healthcare value proposition from transactional to continuous care. Jag Singh MD ⚡️Healthcare systems are being challenged to reinvent themselves. Many companies are offering “point solutions,” and there’s a great need to aggregate those solutions. Michael Freni MBA ⚡️AI & Machine Learning applications in healthcare hold tremendous promise for automation of manual/tedious tasks, clinical decision support at point of care, understanding disease, increased efficiency, safety, equity, decreasing costs, and more. Katherine Andriole PhD ⚡️AI has the potential to bridge the gap between patient and clinician. Ruth Carlos MD ⚡️AI can help democratize world-class access to healthcare expertise, minimize risk in early stages of innovation, diffuse innovation. Shahid Azim MBA ⚡️Innovation is invention brought to market… Scientists & engineers are the Mothers of invention. Managers & entrepreneurs are the Midwives of innovation. Carl Berke PhD ⚡️A great north star question for any project: “What’s the bar we need to exceed to get everyone excited?” Jeff Karp PhD   Showcased Innovations   ⚡️Hemaptics. Transfusion management. Ethan Cohen MBA ⚡️Avinya Therapeutics. Type I Diabetes treatment. Brandon Gaston MD ⚡️AnemiaAI. Anemia detection and screening. Jonathan Heflin MD MPH ⚡️TRUEinvivo Limited. Adaptive radiotheraphy. Shakardokht Jafari PhD ⚡️BreastCAD. Optimizing breast reconstruction. Jayender Jagadeesan PhD ⚡️Non-invasive blood pressure forecasting in cesarean delivery under spinal anesthesia. Ricardo Kleinlein PhD ⚡️WARD 24/7. AI monitoring of patient vitals. Betina Lindhard Langemark MSc ⚡️CrossCures. Automated grading of dystonia. Shaurjya Mandal MS ⚡️GyroGear. A device for modulating hand tremors. Faii O. MBBS ⚡️NURA Medical Inc. Improving pediatric safety in emergency medicine. Georgia Powell MSc ⚡️AI to combat postoperative complications. Martin Hylleholt Sillesen MD PhD ⚡️FIXUS-AI. A personalized solution for orthopaedic problems. Attah Taseh MD   It was a pleasure to connect with you, Dong Feng Chen MD, Gilberto Alvarez MD FAAD, Heritier Adam, Haipeng (Mark) Zhang DO, MMSc, FAMIA, Michael Lorinsky MD, Ruth Carlos MD, Samantha Zysk, Samuel Zhou, MBA, Shakardokht Jafari PhD, and others at this conference.   #MESHCore2024 #GlobalHealthcarelnnovation #DigitalHealth #AI #Biotech #AccelerateInnovation #InclusiveInnovation #PatentGreatIdeas #GlobalPartnerships #SystemsThinking #NetworkThinking #InterconnectedWorld

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This was a great episode with Amit Garg from Tau Ventures. Together, we discussed the current state of healthcare, startups, AI, and much more. I had so much fun, and learned a lot, and I am sure you will too. For the full episode, check out Delta: HealthTech Innovators. #AIinhealthcare #VC #tauventures

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Value-based care models provide us a way forward in healthcare by emphasizing quality over quantity in patient care, which inherently necessitates robust data tools to engage patients effectively. As technology advances within healthcare, optimizing patient engagement within these models is becoming increasingly imperative for improving outcomes and operational efficiency alike—proper technology adoption and implementation is no longer optional! #PatientCare #ValueBasedCare #VBC #Healthcare https://lnkd.in/eHxWTcQU

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Newest episode of #HealthAndVeritas with guest, Mitesh Rao, MD, CEO of OMNY Health talking about democratizing access to healthcare data and improving health through more reliable information. Harlan Krumholz talks about "The business case for quality: estimating lives saved and harms avoided in a value-based purchasing model" an article in Health Affairs Scholar that returns us to the uncomfortable domain of asking why our "system" doesn't do more to save lives and improve health outcomes. I talk about Marijuana. I am concerned that we are watching a slow moving catastrophe due to the desire to decriminalize and reduce controls over Cannabis and THC-containing products (which is good) while paying too little attention to quality and regulations. Listen to the pod and tell me what YOU think. And please post your comments, tell a friend, and rate and review us on your favorite podcast app. Yale School of Management Yale School of Public Health Yale School of Medicine https://lnkd.in/ezj8qVqy

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Key trends and takeaways from HLTH 2024: 1. AI's Evolving Role: AI dominated discussions, with executives acknowledging its potential while also recognizing challenges in accuracy and clinician trust. There's a shift towards focusing on the practical applications of AI, with a call for partnerships to ensure reliable testing and implementation. 2. Infrastructure Focus: Beyond the glitzy AI tools, there's a growing emphasis on the "picks and shovels" needed for healthcare data accessibility, including infrastructure, compliance, and interoperability. Executives believe that improving data flow will facilitate the effective use of AI. 3. Middlemen Under Scrutiny: Pharmacy benefits managers (PBMs) faced criticism for their role in rising drug costs, with discussions highlighting misaligned incentives and the need for transparency in healthcare pricing. 4. Women's Health Spotlight: Women's health initiatives gained attention, particularly following government funding announcements and personal stories shared by advocates. However, investment in women's health remains minimal compared to overall healthcare funding. 5. Interest in Psychedelic Medicine: The potential of psychedelics for treating mental health conditions garnered significant interest, with discussions about funding and research moving forward, especially within the Veterans Affairs system. Executive Takeaways: Leaders from various sectors emphasized the importance of consumer-focused strategies, collaboration, and the need for responsible AI usage. There was a consensus on the critical role of addressing healthcare accessibility, improving patient experiences, and fostering innovations that genuinely enhance care delivery.

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Healthcare remains one of the most change-resistant industries, uniquely distinguished by its negative per-capita productivity growth and continued reliance on fax machines. This week, I had the privilege of joining leaders from CVS, Amazon, NVIDIA, and Oracle through the Frist Cressey Ventures team to discuss reimagining healthcare with patients at the center. It's encouraging to see major corporations taking a long-term, patient-centric approach to healthcare transformation, questioning fundamental assumptions about our current system. However, the challenges are real. Forward, despite raising hundreds of millions and bringing fresh "outside healthcare" perspectives to reimagine primary care, recently shut down due to unsustainable economics. They're not alone - 2024 has seen major retailers like Walgreens, Walmart, CVS, and Dollar General either exit or scale back their physical healthcare presence. In conversations with healthcare leaders, there's growing excitement about Generative AI's potential to drive change. Yet, the industry's complexity demands both optimism and humility. Transforming healthcare requires not just innovative technology, but a deep understanding of its unique challenges. Thanks to Navid Farzad, Olivia Capra, Bill Frist, M.D. and the whole FCV team for bringing the conversations together, and getting us into some nature at the same time!

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Every Health Tech Innovation sounds great in theory… BUT health systems should “stress test” the idea to see if it works for YOU. Here’s how 👇 Suppose you were considering something like SeamlessMD to provide digital care journeys pre/post-surgery, oncology, chronic care, etc. Sure it sounds great on paper to provide every patient with a digital experience to guide them with reminders, education and symptom tracking. But before you get started, here are 5 questions your health system stakeholders need to ask yourselves: 1️⃣ Does the vendor’s product and track record give us confidence in their ability to deliver this great sounding innovation? If not, are we the right health system to take on this level of risk? 2️⃣ Do we have clinical champions across physicians, nurses, allied health, etc. willing to engage in the clinical content review process? Because you need to be aligned on the clinical content being delivered to patients. 3️⃣ Does IT have the resources to integrate with the platform to automate patient enrollment? Or are we willing to use it as a standalone platform and have staff willing to spend 30 seconds to enroll a patient in the backend? 4️⃣ Are we willing to train staff on how to educate and promote this initiative to patients and families? Remember that staff endorsement highly correlates with patient adoption. Digital Health doesn’t sell itself. 5️⃣ Do we want to take full advantage of the platform and enable alerts and dashboards to remotely monitor patients? It’s not a requirement but it has a bigger impact on outcomes, especially readmissions and ED visits. As you work through these questions, you will find out if your team is motivated and willing to engage fully in the Digital Transformation and change management process needed to make the Tech successful. Also, the better a Vendor Partner, the more they can actually guide you through these questions. In many cases they may make it easier for you to get to a “Yes” because they have proven playbooks and processes that make your staff more confident in the change management required. Now if you end up going through this “stress test” and realize the innovation isn’t the right fit, that doesn’t mean you’ll never do it… It just might mean it doesn’t make sense today. But better to realize that upfront than to buy a great Product… and then fail the implementation because you didn’t think about the People and Process aspects beforehand.

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Walmart closing 51 Health Centers over “Lack of Profitability!” Walmart Health Virtual Care (telemedicine) offerings will also end. Article by Daniella Alessandra Genovese Fox Business Network April 30, 2024 MY TAKE: · What does ‘lack of Profitability” really MEAN? o Is it meant that this service line is losing money – financially upside down? o Or does it mean that the line is not producing the “EXCESS PROFITS” that were envisioned - and that corporate leaders and shareholders demand?   ·    Healthcare delivery is NOT a simple business model, though increasingly we see corporate entities entering this arena, often envisioning large profits or - in the case of private equity - valuable ASSETS whose value can be accelerated over short periods - or at least sold off as value-added components.   ·    It has been said that the LURE of ‘excess profit’ invariably leads to GREED, and that in healthcare - greed invariable leads to worsening conditions within healthcare workplaces and worsening outcomes for patients! American Medical Association American Hospital Association American College of Emergency Physicians U.S. Senate Committee on Health, Education, Labor, & Pensions Tennessee Medical Association Jesse Pines Chadd Kraus Lara Vanyo Rita Manfredi TENNESSEE COLLEGE OF EMERGENCY PHYSICIANS Timothy Wilson Ryan Stanton Gabe Kelen, Deidre McPhillips Mollie Pillman Alison Haddock, MD, FACEP Susan Morse mor Chelsea Torres Amy Feldman Jesse Ehrenfeld MD MPH Mel Cortez Larry Bucshon, M.D. Peter Stavros Fox article link - https://lnkd.in/gynsbScT

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Dear Healthcare Fraternity, The healthcare industry is witnessing a surge in technological advancements, particularly in AI and machine learning. While these innovations hold great promise for transforming healthcare delivery, hospital leadership often grapples with challenges in prioritizing and implementing AI initiatives effectively. The diverse demands for AI integration across departments call for a strategic and holistic approach. Introducing HEALTH AI (Holistic Excellence and Leadership in Transformative Healthcare AI) - our specialized service designed to support hospital leadership. We collaborate with C-suite executives of multifunctional hospital systems to develop tailored implementation protocols. By providing detailed guidance, we empower leaders to make informed decisions and ensure sustainable AI integration that aligns with organizational goals, enhances operational efficiency, and elevates patient outcomes. Ready to transform your hospital’s AI strategy? Partner with Transnational Business Solutions and leverage our expertise to prioritize and implement AI in your hospital system. Contact us today to learn more about how we can assist your leadership team in achieving strategic and operational excellence #HealthcareInnovation #AIinHealthcare #HealthTechLeadership [No hashtags were included in the input shared by the user]

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My recent Forbes article tells how Cleveland Clinic is applying data, analytics, and AI to innovate in healthcare. Thank you to Albert Marinez Ben Shahshahani & Rohit Chandra for sharing your incredible story. #Healthcare #Innovation #AI #AILeadership #data #dataleadership #chiefdataofficer #chiefAIofficer

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Exciting insights from my exclusive interview with Shrey Jain and Arpit Jangir, founders of HealthCRED! They share how the recent $1.2M funding will fuel expansion into southern and western India, addressing critical working capital gaps in the healthcare ecosystem. Read about their vision for transforming healthcare finance. #HealthCRED #HealthcareFinance #Innovation #HealthcareExpansion #HealthTech

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Really exciting news out of the Oracle Healthcare Summit in the US this week. Oracle Healthcare is promising a new #EMR “built from the ground up” to be released in 2025 and embedding #AI across the entire clinical workflow. Seema Verma told the conference that the new platform was not “a refurbished EHR”, saying that “in this day and age, you can’t leverage modern technology by bolting new innovation to something built in the 1990s”. This is spot on and what many in the #digitalhealth community have been saying for some time. We need a #nextgenEMR designed to embed AI across the whole workflow with modern tools for automation, documentation, and tasking that uses conversational AI to navigate and create tasks and documentation, to drive down the #clinicianburnout. 100% agree with her statement: “One of today’s most important and widely used healthcare technologies, the EHR, has not lived up to its promise.'' Excited to see how this development from Oracle will disrupt the EMR market. Bruce Pedersen https://lnkd.in/gy5E9Cvv

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Bend the Trend: Transform healthcare spend and outcomes In recent years, the healthcare sector has been grappling with escalating costs and suboptimal patient health outcomes. The challenge of bending the trend in healthcare spend while improving patient outcomes is a multifaceted issue that demands innovative solutions and a paradigm shift in how we approach healthcare delivery. Below are a few transformative strategies that need to be implemented drive this change 1.) Embracing Value-Based Care One of the most promising strategies to bend the trend in healthcare spending, specific to medication management is the shift from volume based to value-based care. This model incentivizes providers based on patient health outcomes rather than the number of services provided and sets the stage for pharmacists and providers to work better together to ensure patients are on the most clinically and cost effective therapies. By focusing on quality over quantity, value-based care aims to reduce preventable, medication related hospitalizations; unnecessary procedures; and hospital readmissions, ultimately lowering costs and improving patient health. 2.) Leveraging Technology and Data Analytics The integration of advanced technology and data analytics is revolutionizing the healthcare landscape. These tools enable providers to make data-driven decisions, predict patient needs, and personalize treatment plans. They also have the ability to allow pharmacies and vendors to provide actionable data to ensure patients are on the most optimal medication regimen, preventing medication related problems and predicting unfavorable outcomes, allowing for proactive intervention and resource allocation. 3.)Addressing Social Determinants of Health Healthcare outcomes are significantly influenced by social determinants such as educations, socioeconomic status, and living conditions. Addressing these factors is crucial for improving patient health and reducing overall healthcare costs. 4.)Promoting Health Literacy and Patient Engagement Educating patients about their health and involving them in the decision-making processes is essential for achieving better health outcomes and reducing costs. 5.)Innovating Payment Models and Aligning Incentives Innovative payment models that align financial incentives with patient outcomes are critical for bending the cost curve. Bending the trend in healthcare spend while enhancing patient health outcomes requires a holistic and collaborative approach. By embracing the above strategies, we can create a sustainable healthcare system that delivers high-quality care at a lower cost. The journey towards this transformation is complex, but with collective effort and commitment and the focus in the right place, it is undoubtedly achievable! #PatientOutcomes #ValueBasedCare #HealthTech #DataAnalytics #HealthcareInnovation #PatientEngagement #HealthcareCosts #HealthcareTransformation

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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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Key Highlights from the AI Report Related to Healthcare Generative AI (GenAI) in Healthcare Healthcare organizations are adopting GenAI for predictive analytics, natural language processing (NLP), and tools like image and voice recognition. Investment is accelerating, with 48% planning to spend over $1M on GenAI in the next year. Hosted LLM services are most used, followed by open-source models for privacy. Return on Investment (ROI) 65% of respondents report positive ROI for GenAI initiatives, supporting its use in clinical decision support, operational efficiency, and patient engagement. Challenges include resource gaps, data literacy, and IT policy constraints. Healthcare Applications Key use cases include disease outbreak prediction, improved documentation through NLP, diagnostic imaging, and personalized medicine. Adoption is also expanding into legal, HR, and compliance functions. Challenges in Adoption Fragmented data systems and integration with existing IT infrastructure hinder GenAI's potential. Regulatory and privacy concerns, like HIPAA compliance, remain critical. Leadership and Strategy AI pioneers in healthcare see higher ROI and broader use cases due to focused investment and strategy. GenAI initiatives address clinician burnout, improve outcomes, and cut costs. Innovation and Cross-Department Use AI adoption extends to non-clinical functions, highlighting its versatility. Training programs and governance frameworks are essential for maximizing its impact. Broader Trends Impacting Healthcare Collaboration with tech providers and cross-industry partnerships are driving scalable solutions. Embedded AI structures support innovation and leadership confidence in AI’s transformative potential. This summary emphasizes GenAI’s growing role in transforming healthcare while highlighting the challenges and strategic actions necessary for success.

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Been reading a fair bit this week about the entrances of exits of large organizations in the healthcare technology sectors. To me, it keeps coming back to how healthcare is truly different from the typical private investment model of business and why those of us that have been in healthcare for decades keep saying that healthcare math "is different." Millions . . . no BILLIONS of dollars are being invested and lost in healthcare. Buildings built and empty. People hired and laid off. Companies stood up and folded. Service lines expanded, then shelved. All in search of the next big ROI. In the end - we care for people. Yes, we need to be capitalists and there is no mission without margin. But we need to keep patients and caregivers in the forefront of our decisions. Not profit and loss. Pick a service. Do it exceptionally well. Double and triple down on consumer, physician, and employee experience, be strategic and relentless in contracting for reimbursement for that service, and own that space. You will make money. You will make a difference.

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Recently I had the opportunity to moderate a panel discussion hosted by Becker's Healthcare with panelists Eric Lacy, William Hudson, MBA, & Demetri Giannikopoulos on Best Practices for Cloud Migration and AI Innovation. As many healthcare organizations are streamlining and developing new processes for handling large amounts of data it is helpful to learn from others who have already been through the journey. Take a listen here: https://lnkd.in/d3RmjFkG #healthcareIT #cloud #imaging

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