Health technology being created by women for women

Health technology being created by women for women
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Wednesday, July 15, 2020

 
 
Chart of M&A covered by MobiHealthNews
 

Care coordination, telehealth startups merge to support vulnerable senior populations >>

 

BY DAVE MUOIO

Three health tech startups and spinouts announced today a merger to become a single entity focused on delivering virtual care products and population health insights for seniors.

Curavi Health, CarePointe and U.S. Health Systems (USHS) are set to become wholly owned subsidiaries of the new company, Arkos Health, and the executive teams of each will be merged.

UPMC's existing stake in Curavi (which it spun out back in 2016) will continue to apply to Arkos Health, and the provider and insurer remain a customer and service provider of the new entity.

“With Arkos Health, providers and payers can effectively deliver quality care to frail seniors through a customized mobile and virtual platform using performance-based business models,” Dr. Amish Purohit, CEO of USHS, said in a statement. “Curavi, CarePointe and USHS have all demonstrated an ability to improve clinical outcomes while reducing costs, and together we will continue to elevate our clients’ experiences by providing differentiated care.”

WHAT'S THE IMPACT

Collectively, the three have about a decade of experience in the market, and plan to weave their respective expertises into a multi-part offering for payer and provider customers.

According to the announcement, both Las Vegas-based CarePointe and Tempe, Arizona-based USHS will be responsible for handling care coordination. The companies' already have integrated platforms focused on managing complex populations and delivering post-acute services, which they say is already employed among more than 110,000 seniors.

Curavi, meanwhile, was founded to support remote care programs using proprietary software and a telemedicine cart designed to accommodate nursing home workflows. Having so far facilitated roughly 60,000 consults to date, it will be deliver these services to customers and patients hand-in-hand with Arkos Health's other integrated capabilities.

“By combining Curavi’s telemedicine technology, CarePointe’s unified software solution and analytics and USHS’s population health management capabilities, Arkos Health will be able to serve both payers and providers by facilitating high-quality in-home and virtual care for their members and patients who need it,” Alissa Meade, Curavi president and CEO, said in a statement. “At a time when our shared mission to care for the frail elderly is more important than ever, uniting these organizations allows for an integrated health care experience that better meets the needs of our seniors.”

THE LARGER TREND

Providers, advocacy groups and public health experts have long sounded the alarm on new demands being driven by the U.S.' swelling population of seniors, and a fair number of digital health companies have stepped up to extend the reach of remote, connected aging care technologies. These range from app-based ecosystems designed for family caregivers, consumer technologies designed to enable senior communications and monitoring, digital marketplaces for home care services, and no shortage of robotic or artificial intelligence companions.

M&A activity has also generally been on the rise in 2020. Halfway through the year, MobiHealthNews has tracked dozens of deals highlighting clear consolidation within segments of the digital health market.

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Doctors are burdened by documentation, are AI scribes the answer? >>

 

BY LAURA LOVETT

Before Dr. Matthew Fradkin was a pediatrician he played in a punk rock band. Aside from the years of training to become a physician, he said there were actually some similarities to the two – namely the search for human connection.

“They have the same core, the in-the-moment human connection is really important to both. Bringing back the human connection in medicine is where I see digital and AI advancing in helping to turn back the clock in terms of the patient provider experience,” Fradkin, a pediatric and Swedish Primary Care and Providence St. Joseph’s, said during a HIMSS20 Digital event

With more and more documentation piling up in the medical world, Fradkin said that connection with the patient is in jeopardy – and so is provider burnout. 

“I want to find ways to make caregiving easier for our providers, and by finding ways for our providers to care for patients the way they want to in a large healthcare system, pushing towards standardization for population health advances. Or basically how do we prevent provider burnout using various digital tools and technology.”

Physician burnout is associated with work, personal life balance, and organizational factors, he said. 

“The only thing I can really make an impact on are the work factors. I’m probably not going to change a 50-year old primary care doctor’s personality, and I’m not on the C-suite, so I’m pretty sure I can’t make structural change overnight … so work factors for me is the obvious category to start addressing.”

He decided to start with a notorious pain point in care—the documentation. He noted that, while EMRs provide doctors with a plethora of data points, they shoulder the bulk of the input burden. That was when he began to look at AI and machine learning scribes to help ease this issue. 

“We want ambient technology to provide an accurate note where providers don’t change a thing in how they deal with patients in the clinical room or in their head,” he said. 

He started to work with the digital innovation team at his health system to look into pilots for fixing this issue.

“Part of the digital innovation core of Swedish and Providence St. Joe's is the accelerated pilot process. This is a set framework that allows providers to investigate possible new technologies to help with their clinic experience,” he said. “This pilot allowed us to follow that framework and to evaluate possible vendors in a virtual arena, come up with KPIs or key performance indicators and streamlining the path through IT, security, legal or any other red tape that prevents pilots from occurring in large health system.”

The tech that Fradkin decided to pilot was an AI-based medical scribe that is able to train and learn a provider’s individual style and preferences over time.

“Initially, so the provider does not have to do heavy lifting in training the ML, there is a real-person reviewer offsite, reviewing what the ML is coming up with after a visit, and correcting it and making adjustments in the background based on my personal and organization-wide templates already in the system,” he said. 

The system lets providers choose how they would like to use it. Some just used it for the simple transaction notes. Others use the “snip-it” mode, where they say a phrase that helps the system choose a certain path. Lastly there was an ambient mode, which listens to the whole encounter and is able to do the bulk of the charting.

“During and after the pilot I was able to go from seeing 16 to 17 patients a day to 23, with a range of 22 to 30 with the entirety of the pilot – where, for return on investment with the particular product we used, I would have to see one patient extra a week, four extra patients a month, to pay for the product,” he said. 

But Fradkin said that this type of system would do more than just boost the number of patients he could see. It would also help burnout. 

“Venturing into this new realm of AI-driven scribes is an exciting one, and one that needs to provide caregivers flexibility and responsiveness – the same factors parents expect from their providers in this new digital age of medicine,” he said. “Yes, there is a cost to this, never mind the fact that most of these solutions pay for themselves in the short run. But, if we have the same urgency to finding an answer to 'the cost of losing physician to burnout' from the EMR as we do to any other disease, we wouldn’t even be having this discussion about cost. It makes care better for the providers and patients.”

 

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FUNDING & IPOS

AI-assisted ultrasound guidance startup Caption Health closes $53M Series B >>

The company received a De Novo clearance for its software in February, and is now looking to scale up its collaborations and product availability.

 

PHARMA MOVES

Tabula Rasa HealthCare launches MedWise to prevent adverse drug events >>

With the service, pharmacists can compare multiple different medications and see how risky the combination is.

 

FUNDING & IPOS

GYANT hauls in $13.6M Series A for AI care coordination tool >>

The chatbot-maker highlighted a jump from three customers to 24 over the course of a year.

 

TELEHEALTH

Mount Sinai, Omron partner to offer at-home hypertension care >>

VitalSight sends patient blood pressure data directly to Mount Sinai's Epic electronic health record, with an option to alert physicians' offices if a concern is detected.

 

PATIENT EXPERIENCE

Virtual physiotherapy study shows it is just as effective as in-person treatment >>

A new study of 27,000 virtual physiotherapy patients has concluded that digital physiotherapy must become a significant part of the treatment mix post COVID-19.

 

HIMSS TV

Health technology being created by women for women >>

Carolyn Witte, cofounder and CEO of Tia, discusses the growing world of "femtech" and how her startup is looking to transform women's healthcare.

 

HIMSS INSIGHTS

COVID-19 and Beyond >>

The latest issue in the HIMSS Insights series focuses on the implications of the coronavirus crisis for healthcare and healthcare digitization. Several months into the crisis at the time of publication, we try to identify major trends coming out of COVID-19 and unmet digital needs that are being unmasked. The second area of focus is digital health technology assessment which is arising in several healthcare systems and remains highly relevant during the pandemic and beyond.

 

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Real-time analytics, during the pandemic and beyond >>

 

PUTTING DATA TO WORK

This month, we look at the lasting lessons from the COVID-19 crisis about how data is exchanged, how it's managed, how it's visualized, how it's put to work informing patient care decisions and population health.

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