What You Should Know:
- Videra Health has introduced Ava, an AI-powered digital health companion designed to improve patient engagement and care delivery for healthcare providers and payers.
- Videra Health's AI digital health companion aims to enhance patient compliance, awareness, and involvement in their own care, ultimately improving patient outcomes.
Ava: AI-Powered Digital Health Companion
The digital health companion utilizes large language models and machine learning
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Redox CEO Steps Down, Appoints Trip Hofer as New CEO
What You Should Know:
- Redox CEO and Co-Founder, Luke Bonney announced that he is stepping down as CEO and appointing Trip Hofer as the new CEO of Redox to lead the new phase of growth. Prior to joining Redox, Hofer most recently served as CEO of OptumHealth Behavioral Health Solutions and is the former CEO at AbleTo Inc.
- Bonney stated that the next phase of Redox would be better served by a new CEO with experience in the next stage of the company scaling. Additionally, he
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Generative AI Revolutionizing Digital Health Investment Strategies
What You Should Know:
- A significant 87% of digital health investors stated that generative AI solutions have influenced their investment strategies, with nearly 1 out of 5 respondents indicating that it is significantly affecting their strategy, according to the results of an online survey from GSR Ventures.
- GSR Ventures, an early-stage digital health investment firm with over $3.5B in assets under management, conducted an online poll in September 2023 with over 40
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Healthcare Staffing Shortages Take Toll on Revenue Cycle Management & Patient Engagement
What You Should Know:
- 100 percent of hospital and health system respondents stated that staffing shortages have significantly affected revenue cycle management (RCM) and patient engagement efforts, according to a new survey by Experian Health.
- A significant 69 percent of the surveyed healthcare executives responsible for RCM staffing foresee ongoing challenges in the long term.
Challenges Present Urgent Need for Solutions
The findings highlight the urgent need for
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Vivante Health Inks National Distribution Contract with UnitedHealthcare: Expanding Access to Digestive Health Solutions
What You Should Know:
- Vivante Health, the provider of GIThrive digital digestive health solution, has entered into a national distribution contract with United Healthcare (UHC), the largest health insurance company in the United States.
- The national distribution partnership allows Vivante Health to offer its digestive health solution to UHC customers, including large self-funded employers aiming to enhance their benefits programs.
- The agreement marks GIThrive as the
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NorthShore – Edward-Elmhurst Health Signs Largest VBC Deal in 5 Years
What You Should Know:
- Edward-Elmhurst Health (NS-EEH) has announced a significant, long-term partnership with Lumeris, a pioneer in value-based care (VBC). This partnership is a major development in the healthcare industry, representing the largest VBC provider deal since 2018.
- With rising expenses outpacing reimbursement rates, health systems and physician organizations are increasingly turning to value-based care to avoid layoffs and service cuts. NS-EEH, the third largest healthcare
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Waystar Postpones U.S. IPO in Response to Market Turbulence
What You Should Know:
- Waystar, a healthcare payments company, has decided to postpone its initial public offering (IPO) due to the ongoing market turmoil in the United States, according to a confidential source. Reuters first reports the company plans to revive its IPO efforts, but it is likely to wait until December at the earliest or possibly until 2024.
- The decision to delay the IPO was made in response to the volatility in the broader market. Despite receiving positive
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75% of Healthcare Organizations Hit by Ransomware Attacks, Sophos Survey Finds
What You Should Know:
- Cybercriminals have been highly successful in their ransomware attacks on healthcare organizations, according to a new survey conducted by Sophos. “The State of Ransomware in Healthcare 2023, report reveals nearly 75% of the surveyed healthcare organizations reported that their data was successfully encrypted by the attackers.
- In addition, only 24% of healthcare organizations were able to disrupt a ransomware attack before the attackers encrypted their
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First CPT Code for AI Prostate Cancer Imaging Issued for Avenda Health
What You Should Know:
- Avenda Health's AI mapping tool for prostate cancer, Unfold AI™, has received significant recognition by obtaining a new Category III CPT code in the 2024 Current Procedural Terminology (CPT) code set, signifying its status as a cutting-edge medical technology.
- The new Category III CPT code, X237T, outlines the tool's capabilities, describing it as a non-invasive prostate cancer estimation map that is derived from an augmented analysis of image-guided fusion
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Walmart Health Expands Affordable Access to Healthcare in Florida
What You Should Know:
- Today, Walmart Health announced it is entering into a relationship with both Ambetter from Sunshine Health, which provides insurance to individuals through the Florida health insurance marketplace, and Orlando Health, a private, not-for-profit network of community and specialty hospitals across Florida, through Care Coordination Agreements.
- These collaborations will help Floridians gain access to affordable healthcare options with the type of convenience
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