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October 21, 2024, Issue #281

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

Microsoft rolls out new healthcare AI tools in partnership with Epic, Paige.ai, major health systems

Microsoft developed an agent service to enable healthcare organizations to create AI tools with pre-built templates and data sources to tackle tasks like appointment scheduling and patient triaging. Fierce Healthcare

Patients like telehealth, but not all providers agree: Deloitte

Many patients want to keep using telehealth, but some providers are reducing their virtual care offerings amid reimbursement uncertainty. Modern Healthcare

Mayo Clinic revives in-home cardiac arrest patient with telehealth: 7 notes

Rochester, Minn.-based Mayo Clinic became the first known health system to revive an out-of-hospital cardiac arrest patient using an assisted reality headset. Becker’s Hospital Review

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

Mirror, Mirror 2024: A Portrait of the Failing U.S. Health System

The top three countries are Australia, the Netherlands, and the United Kingdom, although differences in overall performance between most countries are relatively small. The only clear outlier is the U.S., where health system performance is dramatically lower. The Commonwealth Fund

Health tech investment shows signs of recovery in 2024: SVB

Funding in the first eight months of the year has already exceeded pre-pandemic levels, according to Silicon Valley Bank. But high valuations recorded in 2021 are still affecting the market. Healthcare DIVE

Chart of The Week

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Source: Rock Health

Damo Thought Leadership and Media Mentions

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

Physicians Can Help Cut Costs. They Just Need the Right Incentives.

To design such a system, organizations should take into account these considerations: whether the incentives should be broad or narrow; whether they should be individual- or team-based; for how long to compensate; how much to compensate; and what mix of financial and nonfinancial incentives to offer. HBR

How to Use AI to Build Your Company’s Collective Intelligence

When done right, AI can not only improve short-term productivity of organizations but can also increase their long-term performance by expanding the space of opportunities the organization considers by supporting learning, increasing intellectual diversity, and enhancing organizational culture. That is, it can increase the organization’s collective intelligence. HBR

Digital Health Funding and M&A

Oshi Health raises $60M to expand payer coverage of virtual GI solution

Oshi Health takes a unique approach to gastrointestinal care by incorporating psychologists and dieticians. Fierce Healthcare

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