December 13-15, 2019

MedTech Impact 2019

Venetian/Palazzo Resort

Las Vegas, NV

(561) 893-8633

info@medtechimpact.com

Category: AI / Machine Learning

MedTech Insider: CashMD Launches Price Transparency Platform

MedTech Insider: CashMD Launches Price Transparency Platform

 

 

New Study Offers Insight on VR Pain Management Outcomes

A recently published clinical study completed at Cedars-Sinai is providing a glimpse at the real-world outcomes of inpatient VR patient management. The research demonstrates that therapeutic virtual reality may not merely be an effective approach for hospital inpatient experiencing pain, but may retain its impact when provided over multiple days under real-world circumstances. In the study’s conclusion, the researchers wrote: “We found that on-demand use of VR in a diverse group of hospitalized patients was well tolerated and resulted in statistically significant improvements in pain versus a control group exposed to an in-room ‘health and wellness’ television channel. These results build upon earlier studies and further indicate that VR is an effective adjunct therapy to complement traditional pain management protocols in hospitalized patients.” Read More

MedTech Insider: U.K. Reroutes $300 million Towards New AI Lab

 

U.K. Reroutes $300 million Towards New AI Lab

The United Kingdom has announced plans to invest £250M (~$300M) in public funds towards the National Health Service (NHS) to develop an artificial intelligence laboratory. The Lab will be charged with the responsibility of expanding the use of AI within the NHS as it oversees the digitization efforts of the NHSX. The Lab will serve as “an interface for academic and industry experts, including potentially startups, encouraging research and collaboration with NHS entities (and data) — to drive health-related AI innovation and the uptake of AI-driven healthcare within the NHS.” In a press release, the Department of Health and Social Care claimed that the lab will “bring together the industry’s best academics, specialists and technology companies to work on some of the biggest challenges in health and care, including earlier cancer detection, new dementia treatments and more personalized care.”

 

Pillpack Faces Rising Opposition Against CVS and Walgreens

The struggle between Amazon’s Pillpack–an emerging e-prescription service– and pharmacy powerhouses CVS and Walgreen has continued to escalate. Most recently, PillPack has experienced an increasing number of denied transfer requests from the two pharmacies. While CVS and Walgreens claim that the company is not receiving proper consent from patients, PillPack argues that the pharmacies are improperly refusing to honor legitimate requests. In a statement to CNBC, PillPack spokeswoman Jacquelyn Miller shared: “While incumbent pharmacies may be disappointed in the loss of business, it is unacceptable to make unsubstantiated allegations about PillPack’s practices while simultaneously creating systemic barriers that make it harder for a customer to switch pharmacies.” Walgreens, CVS, as well as the National Community Pharmacists Association (a co-owner of PillPack rival, Surescripts) have all previously voiced concerns over PillPack’s alleged practices, with a Walgreens spokesperson commenting: “We’ve communicated our concerns directly to PillPack. We respect our patients’ privacy rights, and strongly believe that patients are entitled to, and benefit from a personal and trusted relationship with their pharmacist.”

 

Cerner & Duke Collaborate On CVD Patient Data

Duke Clinical Research Institute (DCRI) is partnering with health IT company, Cerner on a pilot project to analyze de-identified patient data to determine the most effective treatment options for chronic cardiovascular disease. Duke researchers will utilize Cerner technology, named the Cerner Learning Health Network, to analyze de-identified patient data from the University of Missouri Health Care and Ascension Seton in collaboration with Dell Medical School at the University of Texas. In a released statement, Ann Marie Novar, the principal investigator for the research project explained: “Current models for clinical research and registries that rely on mostly manual chart abstraction are too expensive, too slow and too small to continue. We have to figure out better ways to leverage existing electronic resources to transform how we do clinical research.” Once completed, the research will be published and sponsored by Janssen Pharmaceuticals, Inc., a pharmaceutical company of Johnson & Johnson.

 

CMS Proposal May Allow Physicians More Freedom To Use Remote Patient Monitoring

The Centers for Medicare & Medicaid Services has  announced two proposed changes to the 2020 Physician Fee Schedule which may provide more room for practitioners to more easily receive reimbursement from remote patient monitoring. The proposed amendments amend CPT code 99457, which was first introduced last year in order to cover “remote physiologic monitoring treatment management services, 20 minutes or more of clinical staff/physician/other qualified healthcare professional time in a calendar month requiring interactive communication with the patient/caregiver during the month.” The new proposals would alter this code to cover additional time spent on care. In a blog, Nathaniel Lacktman, a partner in the Foley & Lardner law firm and chair of its national Telemedicine & Digital Health Industry Team shared: “Changing the RPM rules to expressly allow incident to billing of CPT code 99457 under general supervision greatly expands the potential operations and business models associated with RPM services, thereby allowing more patients to enjoy the quality-improving benefits of remote patient monitoring.”

 

 

MedTech Insider: U.K. Reroutes $300 million Towards New AI Lab
MedTech Insider: FCC Votes on $100M New Funding For Telehealth

MedTech Insider: FCC Votes on $100M New Funding For Telehealth

 

New Research Demonstrates How AI Can Improve Cost of Care Models

A recent report published by Innovacer–a health data and population health management consulting company– highlights the ways in which advanced machine learning algorithms can improve risk models to better manage and predict the cost of care. The report model analyzes data from multiple sources including claims data, electronic health records, and social determinants of health. The company’s report suggest that using advanced analytics to analyze the impact of key clinical and lifestyle metric on overall health outcomes could save time and cut costs. In a statement, former Geisinger CEO, and current vice chair of the Health Transformation Alliance, and advisor to Innovacer noted: “The transformation from volume to value requires innovative strategies for assessing risk and predicting outcomes. […] This innovation must be based on a solid data foundation and it’s encouraging to see Innovaccer’s data-driven approach being applied to an AI-based risk scoring model – something that can address one of the most pressing needs in healthcare today.”

 

FCC Votes on $100M New Funding For Telehealth

In mid June, FCC commisioner Brendan Carr announced that the agency would be holding a vote to advance the $100 million Connected Care Pilot Program to help expand telehealth access to low-income individuals, and veterans across the United States. The commissioners have since voted unanimously to move forward with the funding program, which would develop a three year pilot to help healthcare providers with the associated costs of broadband service. The program will cover up to 85% of particular internet connectivity costs for broadband-enabled telehealth services which connect patient to physicians. The move received wide approval and praise from several leading tech and health organizations include AT&T, Connected Health, and The App Association among others. The agency is currently seeking public input on the appropriate budget, structure, eligible participants, and duration on the pilot.

 

Researchers Develop Artificial Muscles Capable of Achieving Powerful Pulling Force

Researchers from Massachusetts Institute of Technology have developed a way to imitate the coiling and pulling function found in natural muscles to produce contracting fiber that can be used as artificial muscles for robots, prosthetic limbs, or a variety of biomedical applications. The new, light-weight fiber-based system surpasses previous approaches in response time and agility. The new fibers were developed using a fiber-drawing technique to combine two dissimilar polymers into a single strand of fiber. The fibers are capable of spanning a wide range of sizes from “a few micrometers (millionths of a meter) to a few millimeters (thousandths of a meter) in width, and can easily be manufactured in batches up to hundreds of meters long.” The researchers tests have demonstrated that a single fiber is capable of lifting loads of up to 650 times its own weight.

 

FTC Approves UnitedHealth Group $4.3B Acquisition of DaVita

The Federal Trade Commission has granted approval of UnitedHealth Group’s $4.3 billion acquisition of DaVita Medical Group, with conditions. In response to the FTC allegations that the deal would impair competition in healthcare markets within Clark and Nye Counties in Nevada, both companies agreed to divest DaVita Medical Group’s provider organization in the Las Vegas Area to Intermountain Healthcare in Utah, within 40 days following the acquisition. Two commissioners were prepared to challenge the acquisition court, but chose to accept the decision after the Attorney General of Colorado agreed to taken action in “an effort to address some of the harmful effects of the merger in a separate action.” In a released statement, Commissioners, Noah Joshua Phillips and Christine S. Wilson exaplained: “We do not rule out the possibility that vertical mergers can harm competition under a RRC (raising rivals’ costs) theory. But vertical mergers often generate procompetitive benefits that must also factor into the antitrust analysis. A major source of these benefits is the elimination of double-marginalization, which places downward pressure on prices in the output market.”

 

NHS Teams Up With Amazon To Develop Alexa-Enabled Health Information

The U.K.’s National Health Serves (NHS) is teaming up with Amazon to provide Alexa users with “reliable health information.” The agency announced that the technology would allow patients to receive “profession, NHS-verified health information in seconds” using voice-assisted technology. A developed algorithm will connect information from the NHS website to provide patients with appropriate responses to medical questions. Matt Hancock, the Secretary of State for Health and Social Care noted that the move demonstrated “a great example of how people can access reliable, world-leading NHS advice from the comfort of their home, reducing the pressure on our hardworking GPs and pharmacists.” 

 

 

 

Improving Patient-Care with Hospital Command Centers

How can hospitals increase capacity without expanding building space, improve physician productivity without adding to work hours, and minimize patient wait-times while increasing the number of incoming patients? A growing number of medical centers claim to have found these solutions through a new, innovative form of digital management: hospital command centers.

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Improving Patient-Care with Hospital Command Centers