2023: The Year of the Healthcare Cloud
MedCity News
DECEMBER 22, 2022
The ability to adapt has proven paramount over the past few years and it is fundamentally reshaping healthcare IT. In 2023, that shape will increasingly form around the cloud.
Heard at HLTH: What’s on Healthcare Executives’ Agenda for 2023? [Sponsored]
MedCity News
NOVEMBER 22, 2022
At the 5th annual HLTH conference in Las Vegas, 14 healthcare executives from companies such as Babson Diagnostics to Wheel responded to questions such as what’s the difference between a positive and negative user experience in telehealth? They also previewed their plans for 2023.
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What We Learned From Cybersecurity Attacks in Healthcare in 2022
MedCity News
DECEMBER 18, 2022
In 2022, the healthcare sector is on track to meet or exceed the more than 50.4 As we look ahead to 2023, increasing cybersecurity budgets will be a necessity for healthcare organizations, despite their tight financial situations. million patient records that were breached last year.
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Trends will Shape Healthcare in 2023: Hospital Closures, Scaling Retail Clinics & More
MedCity News
NOVEMBER 6, 2022
On Thursday, Forrester released a report predicting major trends that would shape healthcare in 2023. Healthcare stakeholders should prepare for key changes, such as care becoming even more inaccessible for rural patients and additional retail entrants into the clinic space.
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Healthcare Deal Value Expected to Keep Decreasing in 2023, PwC says
MedCity News
DECEMBER 8, 2022
The volume of healthcare deals has increased in 2022, driven in large part by private equity, according to a new PwC report. But deal values have been declining, a trend that is expected to continue into 2023.
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How Are Investors Thinking About Healthcare Investment Trends for 2023? [Sponsored]
MedCity News
NOVEMBER 13, 2022
What does this mean for healthcare investment in 2023? This year was marked by a marked rise in health tech layoffs, reduced health tech investment and the continued rise of retail health.
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These 10 Trends Are Affecting The Healthcare Economy The Most
MedCity News
OCTOBER 2, 2023
Healthcare-focused market research firm Trilliant Health published a report detailing the 10 most significant economic trends affecting U.S. healthcare stakeholders in 2023.
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GE HealthCare Launches New AI Suite to Catch Breast Cancer Sooner
MedCity News
NOVEMBER 29, 2023
At RSNA 2023, GE HealthCare announced the launch of a new AI suite designed to simplify radiologists’ workflows when reading mammograms and help them detect breast cancer in patients sooner. The new offering includes three AI tools made by iCAD.
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10 Key Medtech Themes for 2023
MedCity News
JANUARY 3, 2023
We expect 2023 to be a pivotal year for the industry, as the accelerated acceptance of virtual care and demographic trends, such as an aging population, increasing chronic illnesses and healthcare worker shortages, sustain demand for medtech-enabled solutions.
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Technology Will Be Critical To Move Healthcare Organizations Forward in 2023
MedCity News
JANUARY 2, 2023
with the right technology, healthcare organizations in the year ahead can become more efficient, make quality care accessible to more people, reduce their recruiting and hiring costs, prevent mistakes, and deliver better outcomes for themselves, their workers and their patients.
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Which Digital Health Startups Shined the Brightest in 2023?
MedCity News
DECEMBER 6, 2023
CB Insights released a list of what it deems to be the 50 most promising digital health companies of 2023. The market research firm said that the startups on the list are working to improve four main aspects of healthcare: personalization, efficiency, equity and accessibility.
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A preview of INVEST 2023: Themes and networking opportunities revealed
MedCity News
OCTOBER 4, 2022
Save the date for INVEST 2023, which will take place on May 22-24 at the Ritz Carlton hotel in Chicago. The conference unites novel startups with active investors, highlights payer and provider perspectives, identifies challenges and opportunities in the life sciences, and describes healthcare’s overall transformation.
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From JPM Week: Trends That Life Science Experts Are Watching in 2023
MedCity News
JANUARY 10, 2023
Morgan Healthcare Conference in which Merck’c chief strategy officer, a healthcare leader from Goldman Sachs, an investment executive and a senior medical devices executive from Medtronic weighed in on trends the life sciences industry can expect to see in 2023.
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What Are the Best Practices in Implementing AI in Healthcare?
MedCity News
APRIL 19, 2023
With AI being so new, there are some best practices for companies to follow when bringing it into healthcare. This includes partnerships and understanding the shortcomings of AI, several experts said during a session at the HIMSS 2023 conference.
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Why One Analyst Is Encouraged by Healthcare IT’s Fundraising Rebound
MedCity News
JUNE 1, 2023
Healthcare IT companies experienced a bounceback in venture capital deal activity during Q1 of 2023. Rebecca Springer, PitchBook ’s lead healthcare analyst, said she is optimistic that healthcare IT startups will be able to keep this momentum going, especially those focused on staffing and value-based care enablement.
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The Healthcare System Isn’t a System, Health Exec Says
MedCity News
APRIL 19, 2023
Patients are struggling to find the right care, and that’s because the healthcare system is fragmented, according to Andrea Walsh, president and CEO of HealthPartners, an integrated healthcare provider and insurance company. Walsh made these comments Wednesday at the HIMSS 2023 conference in Chicago.
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3 shifts in healthcare to expect from telehealth innovations in 2023
MedCity News
AUGUST 17, 2022
The telehealth industry will continue to drive innovation that helps bring telehealth more permanently and creatively into the care continuum. You’ll see device integration and be able to perform even more complicated tests, like dialysis, at home.
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2023 Will Be a Year of Shrinking Margins and More Consolidation for Hospitals, Expert Says
MedCity News
DECEMBER 20, 2022
Inflation and shrinking operational margins are among the key factors that will influence hospitals and health systems’ strategies in 2023. To deal with this, more hospitals will merge with other systems, predicted Tina Wheeler, Deloitte’s leader for its healthcare sector.
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6 Trends That Shaped the Healthcare Industry in 2022
MedCity News
MARCH 10, 2023
The calendar might now say 2023, but the big trends from 2022 continue to impact the healthcare industry and will do so for the rest of the year.
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Heard at HLTH: Healthcare Execs Share Perspectives on AI, Virtual Health and Value-based Care [Sponsored]
MedCity News
OCTOBER 18, 2023
As part of the Heard at HLTH video series, MedCity News Editor in Chief Arundhati Parmar and Senior Reporter Katie Adams interviewed healthcare executives about innovations in health tech at HLTH 2023 in Las Vegas earlier this month.
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A Preview of HLTH 2023: Elevate Humanity [Sponsored]
MedCity News
JUNE 28, 2023
Building on the success of HLTH last year, HLTH’s Head of Content Jody Tropeano shared why the theme for the 2023 event, Elevate Humanity, will highlight the encouraging and exciting developments in the healthcare industry across the event agenda, providing reasons for optimism.
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3 Healthcare Macroeconomic Trends a KPMG Exec Will Follow in 2023
MedCity News
NOVEMBER 30, 2022
As the healthcare industry prepares for a possible recession, Ash Shehata of KPMG expects to see more use of technology, targeted investments and an impact on consumers’ wallets.
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Which Health Tech Companies Might Go Public or Get Acquired in 2023?
MedCity News
JANUARY 3, 2023
As macroeconomic forces continue to negatively impact the healthcare sector, health tech experts predict that 2023 will be another slow year for the IPO market. However, they think consolidation deals will continue to be a constant, according to a new report.
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Does AI Have a Place in Behavioral Healthcare? Experts Weigh In
MedCity News
APRIL 18, 2023
Artificial Intelligence shows great potential for behavioral healthcare, but it has a ways to go, said Taft Parsons III, vice president and chief psychiatric officer of CVS Health. He made these comments Tuesday at the HIMSS 2023 conference in Chicago.
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What Are the Challenges in Gaining Trust in Healthcare?
MedCity News
JUNE 20, 2023
In order to gain trust from communities, healthcare leaders will need more training on effective communication, said Dr. Vin Gupta, a pulmonologist and chief medical officer of Amazon Pharmacy. He made these comments last week during a panel at the AHIP 2023 conference in Portland.
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Medicaid Startups: Beware of the Healthcare Dabblers When Looking for Investors, Expert Says
MedCity News
OCTOBER 19, 2023
Investors who dabble in healthcare are a “red flag,” and startups in the Medicaid space should avoid these investors, said Adaeze Enekwechi, operating partner of Welsh, Carson, Anderson and Stowe, during a panel discussion at HLTH 2023.
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PwC: Healthcare Deals Remained Strong in 2023 Despite Headwinds
MedCity News
JUNE 22, 2023
In the 12 months leading up to May 15, health services deal volumes decreased just 4% from the year prior, a new report from PwC found. There was a 15% decrease in deal values.
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How Are Digital Health Investors Shifting Their Focus In 2023?
MedCity News
OCTOBER 6, 2023
The digital health sector’s quarterly investment trends seem to be stabilizing in 2023, according to a new report from Rock Health.
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Employers’ Healthcare Costs Expected To Rise 8.5% in 2024
MedCity News
AUGUST 23, 2023
Employers’ healthcare costs are anticipated to rise by 8.5% increase that employers saw from 2022 to 2023. in 2024, according to Aon. The projected increase is nearly twice the 4.5% Inflation is a major factor for the increase.
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How Can LLMs Be Deployed Safely in Healthcare?
MedCity News
OCTOBER 9, 2023
Healthcare technology experts have confidence that the industry will put the right guardrails up around LLMs as it continues to develop and deploy these AI tools, they said Sunday during a panel discussion at Engage at HLTH.
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5 Most Notable Hospital M&A Deals in 2023
MedCity News
DECEMBER 28, 2023
Here is a rundown of five newsworthy deals announced in 2023. Health systems have made dozens of M&A deals this year, as many are seeking out partnerships to grow and protect their long-term financial sustainability.
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Understanding the Healthcare Cybersecurity War and How to Defend Against It [Sponsored]
MedCity News
FEBRUARY 21, 2023
David Finn, CHIME Association Executive Healthcare and Information Sector, lead of the cybersecurity pavilion initiatives at ViVE 2023, does not mince words. With ransomware attacks surging to an all time high this month, Finn said in an interview that security is no longer a defensive posture; we are engaged in a war.
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Report: Insurers from 55 countries expect healthcare benefit costs to jump 10% in 2023
MedCity News
OCTOBER 16, 2022
The 10% increase is the largest in almost 15 years, the Willis Towers Watson survey found. Most of the insurers, or 75%, blamed the overuse of care for the rise in medical costs.
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Healthcare M&A Activity Reaches 3-Year Low, But It Might Pick Up in the Back Half of ‘23
MedCity News
AUGUST 9, 2023
M&A activity in the healthcare sector continued to decline in the second quarter of 2023, with the number of deals reaching its lowest point in three years.
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Attention Healthcare Startups: Register for INVEST and Apply Now to Be Part of Pitch Perfect 2023
MedCity News
NOVEMBER 22, 2022
The contest will spotlight novel healthcare startups across five categories: biopharma, diagnostics, medical devices, health tech: consumers/employers, health tech: payers/providers. We’re now accepting applications for INVEST Pitch Perfect, scheduled for May 22-24 at the Ritz Carlton in Chicago.
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How the FTC Is Tackling ‘Below the Radar’ Healthcare Deals
MedCity News
SEPTEMBER 19, 2023
She made these comments on Monday during the Oliver Wyman Health Innovation Summit 2023 held in Chicago. The Federal Trade Commission doesn’t get notified about every deal, which can lead to a slow consolidation of the market, said Lina Khan, chair of the FTC.
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Report: Global Healthcare Benefit Costs Expected to Rise 9.9% in 2024
MedCity News
NOVEMBER 29, 2023
This is a slightly slower pace than in 2023, which saw a record-high increase of 10.7%. Globally, health benefit costs are expected to increase 9.9% in 2024, according to a new report from Willis Towers Watson.
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Americans’ Healthcare Costs Are Rising With the Pace of Inflation, Report Says
MedCity News
DECEMBER 12, 2023
During the first three quarters of 2023, the prices for CMS’ 500 shoppable services increased by 2.0%, according to a new report. This figure is in alignment with the 1.9% inflation measured by the Personal Consumption Expenditures Price Index and below the overall U.S. inflation rate measured by the Consumer Price Index.
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Healthcare costs for employers to rise 6.5% in 2023, Aon report predicts
MedCity News
AUGUST 21, 2022
increase in average costs for U.S. employers is more than double the 3% increase employers experienced in 2022, the report said. However, the increase is below the 9.1% increase in the Consumer Price Index.
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Healthcare Private Equity in 2022: Challenges and Opportunities for Digital Health Investment
MedCity News
DECEMBER 22, 2022
As we look out over the horizon to 2023, we would anticipate a rebound of investment in the digital health space but with a simultaneous and a continuing level of focused regulatory diligence as this complex landscape continues to evolve.
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7 Hot Takes I Heard at HLTH
MedCity News
OCTOBER 13, 2023
At HLTH 2023, I had dozens of conversations with providers, digital health investors, startup CEOs and other players in the healthcare industry. When I got home, I compiled seven refreshingly honest takes I heard from them while at the conference.
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3 Healthcare Predictions for 2023: New Realities and Priorities for Health Plans
MedCity News
DECEMBER 16, 2022
The health system will enter a new reality with the public health emergency lifted After […].
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3 reasons Why Natural Language Processing Will go Mainstream This Year
MedCity News
FEBRUARY 23, 2023
NLP in healthcare can accurately give voice to the massive amount of unstructured data of the healthcare universe, and here are the three reasons why I believe 2023 is the year that we will see increased adoption of NLP across the industry.
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JPM24: Pfizer CEO promises 'year of execution' after recent struggles, Seagen buyout
Fierce Pharma
JANUARY 9, 2024
Pfizer knows it had a bad year in 2023. Pfizer knows it had a bad year in 2023. Morgan Healthcare Conference on Monday, the company’s CEO, Albert Bourla, spoke bluntly about the hits the company took, and he acknowledged the underperformance of certain key launches. Speaking to reporters at the 2024 J.P.
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