MedCity News Healthcare technology news, life science current events Wed, 20 Sep 2023 23:52:29 +0000 en-US hourly 1 MedCity News 32 32 40682243 HealthPartners Exec: The 5 Rules To Scale Value-Based Care in the Commercial Market Wed, 20 Sep 2023 21:02:10 +0000 consumerism

The commercial market has struggled to adopt value-based care, but HealthPartners has had some success, according to Mark Hansberry, senior vice president and chief marketing officer of the company. During a conference, he shared five rules for scaling value-based care, including creating trust and providing real-time data.

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Generative AI: Revolutionizing Pharmaceutical Industry and Driving Precision Medicine With Innovation, Equity and Ethics Wed, 20 Sep 2023 20:23:04 +0000

With conscious and ethical use of Generative AI we can forge a future that is empathetic, innovative and can meet all our needs at the right time and place.

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Should More Doctors Be on TikTok? This One Says Yes Wed, 20 Sep 2023 19:49:52 +0000

Gastroenterologist Dr. Austin Chiang has about a decade of experience as a physician influencer on social media. During a conference in Chicago, he encouraged more providers to share their expertise on social media. By having a presence on these platforms, healthcare professionals demonstrate their commitment to meeting patients where they are, he said.

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FDA Rejects ARS Pharma’s Nasal Spray Alternative to Injectable Epinephrine Wed, 20 Sep 2023 17:51:20 +0000 FDA sign, headquarters

ARS Pharmaceuticals frames its intranasal epinephrine spray as a needle-free alternative to products such as EpiPen. Though this spray won the backing of an FDA advisory committee, the agency is now requiring that ARS Pharma run another study to support a regulatory submission.

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Discover the Next-Gen Platform for Integrated Collaborative Care Wed, 20 Sep 2023 13:06:50 +0000

Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.

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BeiGene, Novartis Drug Alliance Ends; It’s Their Second Terminated Deal This Year Tue, 19 Sep 2023 22:30:40 +0000

BeiGene welcomes the return of the immunotherapy’s rights as an opportunity to make it the backbone of its solid tumors strategy. But Novartis cedes an opportunity to gain a competitor to established cancer immunotherapies from Merck and Bristol Myers Squibb.

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Breaking Through Gridlock in the Mental Health Care System Tue, 19 Sep 2023 21:06:31 +0000

For the gridlock in mental healthcare to be resolved, 100% of mental healthcare providers must practice measurement-based care, utilizing validated rating scales to monitor and measure longitudinal outcomes for every patient. And payers then must offer reimbursement that appropriately rewards providers for delivering high-quality, effective care, and incentivize proactive mental health management.

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How the FTC Is Tackling ‘Below the Radar’ Healthcare Deals Tue, 19 Sep 2023 17:06:23 +0000

The Federal Trade Commission only gets notified when a merger/acquisition deal value is above $100-$110 million, so smaller deals nonetheless lead to a slow consolidation of the market. In conference remarks, FTC Chair Lina Khan outlined the ways in which the agency is trying to counter this phenomenon.

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3 Tech Investment Lessons From Houston Methodist’s Chief Innovation Officer Tue, 19 Sep 2023 16:41:02 +0000

Roberta Schwartz, Houston Methodist’s chief innovation officer, has had years of experience overseeing technology adoption at her organization. At a conference, she highlighted how important it is for digital health tools to have strong EHR integrations and encouraged hospital leaders to not be afraid of starting various technology initiatives in unrelated areas.

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Jorie Healthcare CEO Shares Why Automation is Critical to Revenue Cycle Management [Sponsored] Tue, 19 Sep 2023 14:16:19 +0000

The revenue cycle management business is using AI tools to automate cumbersome tasks to help hospitals operate more efficiently. It’s beginning to attract the attention of major healthcare organizations.

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Startup Magnet Biomedicine Attracts $50M to Expand Scope of Molecular Glue Drugs Tue, 19 Sep 2023 14:11:41 +0000

Magnet Biomedicine builds on decades of molecular glue research from its scientific co-founder, Harvard University Professor Stuart Schreiber. The startup is developing drugs that take these glues beyond the biotech industry’s current focus on targeted protein degradation.

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Payer’s Place: Dr. Anil Singh, Highmark Health Tue, 19 Sep 2023 11:45:34 +0000

Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.

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How Femtech Is Filling Historical Gaps in the Postpartum Space Mon, 18 Sep 2023 20:55:59 +0000

Postpartum Depression has been a recognized — but stigmatized — possibility during the so-called “fourth trimester of pregnancy” for generations. However, it is now being firmly addressed through femtech innovations.

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BioNTech and CEPI Team Up to Develop Mpox Vaccine That Meets 100-Day Goal Mon, 18 Sep 2023 20:29:36 +0000

The Coalition for Epidemic Preparedness Innovations, or CEPI, has pledged up to $90 million to BioNTech’s messenger RNA vaccine candidates for mpox. This research could help advance the scientific understanding of the application of mRNA technology to Orthopoxviruses, which includes mpox, formerly known as monkeypox.

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Medicare Advantage is Here To Stay Mon, 18 Sep 2023 20:16:45 +0000

For the past 30 years, even with the various headwinds over time, consistent winners in MA have adapted and adjusted to new standards required for success. Now is no different. Short-term headwinds are just that – short-term.

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How HCA Is Integrating Google’s Generative AI Into Its Emergency Departments Mon, 18 Sep 2023 20:15:28 +0000

This year, HCA Healthcare and Google Cloud have expanded their partnership by exploring ways to integrate Google’s generative AI into HCA’s workflows. The most developed project under this initiative is a pilot that began in February in which HCA’s emergency department physicians are testing a voice-enabled medical dictation tool to save them time on clinical documentation.

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Data-Driven Diversity: Using Granular Insights to Design More Inclusive Trials Mon, 18 Sep 2023 19:30:16 +0000

The healthcare industry is sitting on a wealth of data gathered from electronic health records, commercial pharmacies, health systems and payers, and health tech companies. So much that it makes up one-third of the world’s data. Pharmaceutical companies need to tap into this type of data to build inclusive clinical trials,

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CardioOne Secures $8M, Expands Cardiology Enablement Platform into New Markets Mon, 18 Sep 2023 16:45:21 +0000 Charity, care, cost, expense

CardioOne, a startup built at Redesign Health, partners with independent cardiology practices to help them transition to value-based care. On Monday, the company announced it has raised $8 million in seed funding and has three new partners.

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Remote Patient Monitoring: Gaining Insight into Patient Health from Afar [Sponsored] Mon, 18 Sep 2023 16:24:23 +0000

The era of remote patient monitoring is ushering in a new era of healthcare, characterized by data-driven insights, personalized care, and efficient resource utilization.

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Can AI Compose Clinical Documentation? Absolutely, but with Limits. Mon, 18 Sep 2023 04:34:58 +0000

A recent academic study of the leading LLM AI models’ ability to read and interpret clinical information demonstrates the incredible power of these tools to support healthcare, but concludes that LLMs should be used as “a supplement to existing workflows rather than as a replacement for human expertise.”

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How care orchestration technology improves the perioperative care process Mon, 18 Sep 2023 04:25:12 +0000

It is no longer a question of whether we should use automation for care orchestration. The technology for intelligent automation of care coordination is available now and can help providers reduce costs, generate revenue, and overcome understaffing.

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FDA Approves GSK Myelofibrosis Med That Has Edge Over Others in Drug Class Sun, 17 Sep 2023 17:57:29 +0000

FDA approval of GSK’s Ojjaara in myelofibrosis introduces a new competitor to blockbuster Incyte drug Jakafi. Ojjaara was part of GSK’s $1.9 billion acquisition of Sierra Oncology last year.

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CMS Is Getting More Serious About Penalizing Hospitals For Price Transparency Noncompliance Sun, 17 Sep 2023 14:13:14 +0000

CMS has fined two hospitals in September for alleged violations of its price transparency rule. This marks the third month in a row that the agency has issued fines against hospitals for price transparency noncompliance, following a yearslong period of light enforcement.

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Introducing MedCity FemFwd, a New Podcast on Women’s Health Sun, 17 Sep 2023 13:00:11 +0000

MedCity News is launching a new podcast called MedCity FemFwd, which will discuss the breakthroughs and challenges in the women’s health space. In the inaugural episode, Michelle Long of KFF examines whether Opill — the first daily oral contraceptive approved for nonprescription use in the U.S. — will be covered by insurance.

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RayzeBio, Neumora Perk Up the IPO Market, Raising $561M for Clinical Trials Fri, 15 Sep 2023 18:45:16 +0000

RayzeBio’s IPO will support pivotal testing of a targeted radiopharmaceutical for cancer patients who progress after treatment with Novartis’s Lutathera. Neumora will apply its IPO cash toward Phase 3 testing of a depression drug with a novel mechanism of action.

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Most Hospitals Are Still Violating HIPAA By Using Web Tracking Tools, Despite Federal Warnings Fri, 15 Sep 2023 18:13:35 +0000

The federal government has warned hospitals that using third-party analytics tools on their websites could violate HIPAA, and more than 20 hospitals are facing class-action lawsuits over the use of these tools. But a recent analysis found that hospitals are doing a poor job of fixing their websites and preventing patient data collection.

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Civil Rights Groups File Complaint Against Florida for Medicaid Redeterminations Process Fri, 15 Sep 2023 17:42:33 +0000

More than a dozen civil rights organizations alleged in a new complaint that Florida uses administrative practices that are preventing underserved communities from renewing their Medicaid coverage.

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Meaningful Hospital Price Transparency Requires Actual Prices, Not Estimates Fri, 15 Sep 2023 16:05:04 +0000 price transparency

Only actual hospital prices, displayed as dollars and cents, not estimates, formulas, or algorithms, protect patients from outrageous bills and hold hospitals accountable for overcharges, errors, and fraud. Accepting CMS’ or other substitutes instead of actual prices undermines broader efforts to make hospital price transparency a reality for American patients and healthcare consumers.

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While Auto vs. Allo Cell Therapy Debate Continues, VCs Look for ‘Next Shiny Thing’ Thu, 14 Sep 2023 23:53:04 +0000 T-cells attacking cancer cell illustration of microscopic photosT-cells attacking cancer cell illustration of microscopic photos

Allogeneic cell therapy hasn’t caught up to autologous cell therapy yet, and the disappointing data so far has soured the entire allogeneic field for at least one venture capitalist. The cell therapy debate was one of the topics covered during a panel discussion at the Biopharm America conference.

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GoodRx, MedImpact Launch Medication Savings Solution Thu, 14 Sep 2023 22:47:42 +0000 pharmacy, PBMs, drugs, prescriptions

MedImpact and GoodRx are teaming up to lower costs for MedImpact members. When eligible MedImpact members refill a generic prescription, the companies’ savings solution will compare the member’s benefit to GoodRx’s price and will automatically apply the lowest one.

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