Steve Sidel

A huge step forward for digital therapeutics: Medicare is proposing to establish new codes for Digital Mental Health Treatment (DMHT) devices. Up until now, there has not been a clear and standardized way for digital therapeutics to be reimbursed under the traditional healthcare system. The 2025 Medicare Physician Fee Schedule Proposed Rule changes that. Not only will this (if/when finalized) be the first real way for DTx to be reimbursed by Medicare, but we can expect health plans to soon follow. There's still a lot of questions up in the air but this is a industry-changing moment for digital therapeutics. Read more here:

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With the proliferation of AI across the lives of customers and therefore businesses, Privacy & regulation are having bigger impact on the businesses. This is a great event organized by IAPP SF & Silicon Valley Chapter. Great work by fellow chapter leaders Adriana Taylor , Chandler Dorris, Elena Elkina, JD, LLM , Soliman Hatef, Jing Li, Volha Samasiuk, Andrew Scott, Esther S., Kim Wallace, and Shannon Yavorsky. & Kelly Childs, MBA. Please do join #iapp #knowledgenet #privacy #iapp #knowledgenet #privacy

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A GREAT COLLABORATION FORMED… PRESS RELEASE New York City, May 6, 2024 Information Mediary Corp. (IMC) Corp. and Adherence Partner to Launch Revolutionary Digital MMAS Integration for Medication Adherence May 6, 2024 – New York, NY -- Information Mediary Corp (IMC) and Adherence have collaborated to introduce a digitized Morisky Medication Adherence Scale (MMAS), revolutionizing medication adherence management. This innovative solution signifies a significant advancement in precision and efficiency in patient care. The Morisky scale plays a crucial role in ensuring patients adhere to their prescribed medications, directly impacting treatment outcomes by preventing disease progression, reducing complications, and enhancing overall health outcomes. Recognized as the gold standard for assessing medication adherence, the MMAS-4 and MMAS-8 have been referenced in over 31,298 academic journals. This new partnership combines IMC’s cutting-edge dose analytics with Adherence's expertise to create a solution that integrates patient-reported MMAS data with objective adherence information. Through this collaboration, IMC will seamlessly integrate MMAS with the CertiScan Adherence Insight Platform, eCAP, and Med-ic, providing partners with a comprehensive suite of tools for advanced adherence monitoring and improved patient outcomes. A key focus of this partnership is the development of APIs for third-party platform integration. This initiative will enable industry partners to leverage the benefits of this innovative solution across various healthcare settings. Dean Brotzel CTO of IMC, emphasized, “The digital MMAS integration marks a significant milestone in medication adherence monitoring. By leveraging combined data sources, we are transforming the approach healthcare providers and patients take towards medication adherence.” For media inquiries or more information on the groundbreaking collaboration between IMC and Adherence, please contact dbrotzel@informationmediary.com or philip.morisky@adherence.cc Michael Petersen the company called adherence. . Information Mediary Corp. (IMC)

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Listen Here: https://lnkd.in/gCy872fK In this episode, Julie Yoo, General Partner at Andreessen Horowitz shares insights into her background & Andreessen Horowitz, innovative ways health systems can implement AI, the different healthcare tech trends she is keeping an eye on at her firm, and more. For more information about Becker's Healthcare, please contact Jessica Cole or Scott Becker. #podcast #healthcare #womensleadership

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Should you sell your practice to a VC-Backed MSO Startup? tldr: - new VC-backed startups are forming MSOs to roll up independent practices - The pitch is physicians receive early liquidity from the roll up and are granted ESOP shares that can be used for retirement - Problem is the use of ESOPs with independent practices is not a new concept and has been used with large group practices since the 70's - ESOPs do not grant full ownership and in order for the shares to be valuable for retirement, the practice needs to run the same if not better post roll up - With VC-backed startups being primarily operated by non-physicians with zero clinical or medical practice experience, the likelihood of this happening is extremely low making the entire concept high risk However, there is a viable path for continued ownership + liquidity for independent practices. Check out the article to learn more. ⤵ https://lnkd.in/gmGvTYwP

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New webinar with Majid Tabs (serial entrepreneurs, with $500mil exits) Invite is going out, for those part of the AI X Community. The webinar will be on Thursday and will be free. #AIX #Webinar #ExclusiveEvent #TopNotchInfo #SpecialGuests #CommunityLaunch #ExcitingUpdates #StayTuned #AICommunity #InboxNotification

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Kudos to my colleagues for advising the Coalition for Health AI (CHAI) on its formation and the structuring of its initial group of founding partnerships. CHAI aspires to contribute to best practices with the testing, deployment, and evaluation of #AI systems. #healthcare #digitalhealthcare #telehealth

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💡Experienced entrepreneurs and executives know that the ability to peer into the future can pay dividends, and 𝐰𝐞 𝐚𝐠𝐫𝐞𝐞. ⌚While the healthcare industry awaits formal legislative and agency action (e.g., new laws and regulations), we can draw inferences from history and lots of existing law and and guidance about what to expect from state and federal regulators. 🧾Read on about the framework we've built (SHARP-ENF🗡️) after reading thousands of pages, leveraging our experience tracking emerging healthcare technology policy, stealing chats with folks much smarter than we, and having lots of ✨thinks✨ Sam Pinson Carrie Nixon Reema Taneja Brian R. Spisak, PhD Jim St. Clair LUKASZ KOWALCZYK MD Graham Walker, MD #artificalintelligence #healthcareAI Anantha Bangalore

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I am frequently asked about reliable AI contract review tools. For those interested, Artificial Lawyer has published an insightful article examining Screens' reported 97.5% accuracy rate. The piece offers a comprehensive overview of various commercial LLMs, their performance metrics, and important subjective factors to consider when evaluating these tools: https://lnkd.in/gnnmmUm7 (and thank you, Claude, for helping me write this post!)

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Sign up quickly - capacity is limited. 

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Necessity is the mother of invention. Here, the necessity is to innovate to control healthcare spending because the state invented an annual cap on healthcare spending increases. https://lnkd.in/gjFkDpqY

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Join me on The Doctor’s Farmacy as I sit down with two incredible experts, Vijay Pande, PhD and Daisy Wolf from a16z Bio + Health, to explore how AI is set to revolutionize healthcare. We dive deep into the world of cutting-edge tech, like wearable devices and AI diagnostics, making personalized medicine more accessible and effective than ever before. I truly believe in the transformative power of AI in healthcare. The synergy between doctors, patients, and AI holds immense potential to improve the health and lives of countless individuals. That's why I co-founded Function Health —to harness this powerful relationship and bring advanced diagnostics and treatments to those who need them most. Catch the full episode here: https://lnkd.in/gbgDSDKp

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A panel discussion on #capitalmarkets at #ausmedtech2024 moderated by Bronwyn Le Grice with Steve Burnell Elyse Shapiro Chris Nave and Jo Chaturvedi- Durant : 📉 the heights of investment and valuations in 2021 and the fall-off in 2023 didn’t necessarily affect #medtech 📈with record numbers of FDA approvals of medical devices last year the sector is hopefully positioned for uplift 💭 funds have been holding on to capital and channeling it to their existing portfolio 🩺 medical devices may be a simpler investment proposition but investors can still experience shocks with problems in reimbursement for example 💰potential acquirers are waiting for companies to generate revenue rather than buying on good clinical results 🏹 we have the money here; we need to convince the super funds to unlock it➡️the more wins we have (which requires international capital at this point) the more evidence we have to persuade them 🤝 being partnered with big medtech is accretive in the eyes of investors 🚛 one challenge with the ASX is the lack of specialist analysts and specialised investors 💥 differing views on whether debt is attractive or a deterrent for investors 💰 be aware of non-dilutive funding opportunities here (eg MRFF) and overseas (eg BARDA) 🩺 lay the groundwork for bringing in specialist investors from US/EU by bringing in KOLs from there #venturecapital #asx #capitalraising

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Curious about patent reexamination and reissue? Wondering what they are (and what they are not?) Our reissue, reexamination, and supplemental examination team is sharing best practices and insights into prosecuting these proceedings before the USPTO in our latest series of articles. This month, we discuss the similarities and differences between reexamination, reissue, and supplemental examination, including what patent owners can expect during these specialized proceedings. Whether you’re a seasoned IP practitioner or new to the field, follow along for more IP Practice Tips. Read more: https://lnkd.in/eQ9mGuS7 #Reissue #Reexamination #USPTO #Patent

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Here’s your recap of last week’s health IT news 🗞️ 👇 🤖 AI Products • Emergency Services, Inc. + Augmedix Go ED: The emergency medicine group adopted the new ED-specific AI ambient scribe solution.    • Color + OpenAI: The cancer care tech company partnered with the GenAI giant to build a AI clinical decision support copilot.    • AKASA Medical Coding: The AI RCM vendor known for its AI prior auth tool AKASA Authorization Advisor released a new GenAI medical coding solution.    • Humata Health: The AI prior auth for providers vendor closed a $25M funding round led by healthcare org-backed funds The Blue Venture Fund and LRVHealth.    • Wellsheet + Concord Hospital Health System: The AI-enabled Smart EHR UI solution announced a client-reported 16.3% reduction in length of stay and 40% decrease in time spent in the EHR via its partnership with Concord Health, as well as the release of its new LLM-generated handoff summary feature. 🍎 VBC • BSIM Healthcare Services + Innovaccer: The healthcare provider—embarking on its first VBC contract—adopted the pop health data platform for analytics. 🩼 Durable Medical Equipment • Parachute Health: The DME e-prescribing and ordering solution released an update that integrates prior authorization. ⚕️Clinical Staffing • Matchwell + Indiana Hospital Association: The clinical staffing service partnered with the hospital member org to create the first state-wide resource pool for temp staffing. 🧑‍💻 Virtual and At-Home Care • Deaconess Health System + KeyCare: The Indiana-based health system adopted the Epic-based virtual care provider for around-the-clock virtual urgent care.    • UC Davis Health + Current Health: The health system launched a new RPM program for high blood pressure in partnership with Best Buy Health’s care-at-home platform. 🧠 Food for Thought: We came across a couple of good resources this past week on the current state of healthcare data information exchange: • This article in Health Affairs from Deven McGraw and Tina Grande provides a comprehensive overview of some of the patient health data abuses we've seen come to light in recent months, as well as a number of policy recommendations to improve the health information exchange landscape for all participants. https://lnkd.in/e_GEQ-JJ  (h/t Alya Sulaiman)    • This episode of Health Gorilla's InteropTalk gives a helpful update on the current state of affairs, with a particular focus on the state of trust across the health data exchange community and how the definition of "Treatment" may evolve. https://lnkd.in/e96AJG-5 (h/t Brendan Keeler) --- Reminder: you can sign up for the Elion Briefing to get the latest healthcare tech news delivered to your inbox each week 📬 👉 https://lnkd.in/e2UJ3ckP

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~50 of the most brilliant healthtech innovators gathered at the 3rd annual Vive Collective Summit recently. I was honored to speak on the "Healthcare AI Panel" and share some lessons along with my co-panelists: - AI is revolutionizing healthcare in various ways, both intentional and unforeseen. Its integration has been largely without patient input, leading to concerns about its potential. - Patients need to trust AI for its full potential to scale.  - The industry needs specific health AI governance or increased tech governance to address liability, safety, and efficacy.  - Over the next 12 months, AI is predicted to make operational leaps, change the makeup of engineering teams, and potentially increase or decrease provider burnout depending on the allocation of extra time for patient care. Thanking Ritesh Patel for fantastic moderation! Read more about the summit here: https://lnkd.in/gy7_A3PJ Shout to my friends at Vive Collective for hosting and elevating these discussions: Cheryl Cheng Hillary Frank Rebecca Mitchell, MD Kathy Ku

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Here's another fundraising roundup spotted in the healthcare wilds 👀 🍃 ✅ Sword Health raised $130M (new valuation: $3B). ✅ Better Health raised $14M to deploy expanded payer partnerships. ✅ Alzheon, Inc. | Preserving Future Memories raised $100M Series E to advance development & commercialization of its Alzheimer’s treatment. ✅ CinRx Pharma raised $73M to continue its ‘Hub and Spoke’ model of startup formation. ✅ Eko Health raised $41M to scale AI-driven heart and lung disease detection. ✅ Anterior (formerly Co:Helm) secured a $20M Series A to unlock admin efficiencies for healthcare payers. ✅ SamaCare raised a $17M Series B to scale specialty drug prior authorization platform. ✅ Plenful secured a $17M Series A to streamline pharmacy operations with AI-powered workflow automation. ✅ Grayce raised a $10.4M Series A led by Maveron amid a caregiving crisis. ✅ Stitch Employment Services Inc PEO raised $8.75M in seed to support independent medical practices. ✅ Posterity Health secured $6M to fund expansion and technology acceleration. ✅ Sware raised $6M to accelerate life sciences innovation by automating FDA-mandated software validation. ✅ Keragon raised $3M, as announced in @Conno Christou’s LinkedIn post. As always, if I missed you, let me know! Each week I'm spotlighting an innovative healthcare startup. I just ask for a bit more transparency. All submissions are confidential; submit yours here 👇 https://lnkd.in/gF4DrAvJ Looking for more fundraising roundups, alongside healthcare industry news and analysis? Subscribe to Hospitalogy, my 2x/week newsletter. Join 33K+ other investors, executives, and healthcare professionals: https://lnkd.in/g-nfRqW6

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