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October 14, 2024, Issue #280

Editor’s note

This weekly newsletter is brought to you by the BigRio and Damo research and insights team.

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Digital Health in the News

Amwell integrates Hello Health's digital cardiovascular program into its virtual care network

Hello Heart's digital heart health solution includes a connected blood pressure cuff that links to an app, where patients can see real-time insights and get daily coaching tips for their cardiovascular health. Fierce Healthcare

Providence preparing to spin off clinical decision support tech MedPearl

Just like airline pilots, physicians will come to rely more on automation – but pilots and doctors always will be needed, MedPearl's physician founder says. Healthcare IT News

Healthcare AI's Elusive ROI

Healthcare AI holds great promise, but promises do not pay the bills. Forbes

One specialty still dominates use of AI in medtech

Companies in the medical technology sector are using artificial intelligence across an increasing variety of therapeutic areas — but radiology still dominates. Modern Healthcare

This Week in The Big Unlock Podcast

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Unlocking Healthcare Data from Proprietary Databases for Analytics is a Major Challenge

In this episode, Jawad Khan, Vice President of Enterprise Analytics at Akron Children’s Hospital, discusses his journey in healthcare and data analytics, focusing on digital transformation and the importance of data accessibility. He also discusses several AI use cases in healthcare and highlights the critical role of data governance.

 👉 Read the Blog

 👉Listen now  

 👉The Big Unlock Podcast Archives 

Featured Offering for The Month

Healthcare Technology Solutions

Your Partner to Accelerate Digital Transformation & Innovation 

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Digital revolution has brought with it unparalleled opportunities to enhance patient care, optimize operational workflows, and drive efficiency. BigRio works with companies across the healthcare industry to implement digital initiatives, from EHRs that streamline data management to telehealth platforms that bridge geographical gaps, enabling the innovative solutions that drive digital transformation strategy.

 

👉Learn More

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Insights & Research

Disruptive cyberattacks against healthcare on the rise, with increasing impacts to patient care, survey finds

Among 648 IT and security practitioners polled this spring, 92% said their organization had faced at least one cyberattack in the prior 12 months, up from 88% in 2023. FIERCE Healthcare

Q3 2024 digital health market update: Weaving tapestries

Startups notched just 110 deals in the third quarter, compared with 133 in the second quarter. But the average deal size held steady. Rock Health

Roadmap for Healthcare AI: Bessemer report

Healthcare AI is at a tipping point, with research breakthroughs and innovative business models unlocking unprecedented opportunities that are reshaping both markets and modern medicine. Bessemer Venture Partners

Chart of The Week

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Source: Proofpoint

Damo Thought Leadership and Media Mentions

NEW! Healthcare Data and Analytics: Unlocking the Future of Pediatric Care

According to Jawad, 80-90% of analytics is generated using only 20% of available data. A significant amount of unstructured and imaging data remains untapped, creating challenges for healthcare organizations to adopt more multi-modal approaches to fully leverage their data for better patient care and operational efficiency. Damo Blog

From Assessment to Action: How BigRio’s Cloud Consulting Services Transformed a Top Global Business School

This case study showcases BigRio’s ability to leverage its expertise in cloud technologies and project management to support one of the world’s leading business schools in achieving its Digital Transformation objectives. The business school could reduce its cloud expenditures without compromising performance or scalability by optimizing resource allocation and eliminating underutilized services. The project provided a well-defined cloud strategy and a comprehensive two-to-five-year roadmap for future growth. BigRio Case Study

Assessing Digital Maturity: The DigiMTM Digital Maturity Model for Health Systems

The DigiMTM Digital Maturity Model is now a 5-stage model, with Model 5 being the highest level of maturity. Health systems in Model 5 of Damo’s DigiMTM model aim to build state-of-the-art facilities by designing digital solutions and patient experiences built with artificial intelligence or generative AI. White Paper

How Damo Helped An Integrated Not-For-Profit Healthcare Delivery System Develop Four Enterprise Patient Journey Maps In Three Months

A large not-for-profit integrated healthcare delivery system on the East Coast focuses on innovation and creating exemplary healthcare experiences. Damo has been a long-time advisory partner and understands the health system’s strategic vision well. Damo Consultants knew the health system’s in-flight work towards improving their patient experience. As such, the health system engaged Damo in identifying the first set of journey maps that should be developed at an enterprise level and then prioritized and developed the first four maps. Case Study

Books Corner

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Other Stuff We’re Reading

Why Retail Health Clinics Failed

It was only a year ago that retail health clinics in the United States — the kinds run by CVS Health, Walmart, and Walgreens — were all the rage. HBR

Digital Health Funding and M&A

Women's health startup Maven Clinic pockets $125M to invest in tech, value-based care

Maven Clinic, a global virtual clinic for women’s and family health, clinched $125 million in a series F funding round. Fierce Healthcare

Suki raises $70M from Hedosophia, Venrock, March Capital, others

Suki, an ambient artificial intelligence documentation vendor, received $70 million in a Series D funding round. Modern Healthcare

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