Monday, August 31, 2020
Amazon’s announcement of a fitness device that analyzes your mood and other conditions,based on voice data, was strange and unexpected. The media was unanimous in giving voice to its skepticism and suspicion, based purely on privacy concerns. We’ve included a couple in this newsletter. My favorite description of the Halo wearable was “surveillance capitalism in a $100 device.”
Google wound its way through the healthcare landscape, announcing a $100 million investment in soon-to-go-IPO Amwell, and Verily separately announced it was getting into the stop-loss health insurance business (never even knew such a business existed). Google’s approach seems to be all about data/analytics and/or cloud, while others are taking a more direct approach to healthcare.
One thing is for sure: the evolution of the digital health market is leading to a rapid restructuring of the healthcare sector. In my latest piece in CIO online, I discuss how the Livongo/Teladoc merger is a catalyst for the acceleration of digital transformation.
Despite the extension in deadlines for compliance with the CMS final interoperability ruling, healthcare enterprises, specifically payers, appear to be unprepared to meet the deadlines. Dr Joyoti Goswami, our principal consultant, writes about what healthcare enterprises and tech firms must do to meet the deadlines.
Our guest blog this week is from Steve Miff, President and CEO of PCCI and author of Building Connected Communities of Care. He argues that data done right has the power to galvanize communities, inform leaders, and empower people – especially during a global pandemic.
I was featured in several podcasts last week. Feel free to check out the Becker’s podcast and the CHIME Leader to Leader podcast episodes where I discuss the key themes in our book.
P.s. We’re still on the Amazon bestseller list! Signed copies of my new book Healthcare Digital Transformation, are available at the link below. You can also get your print and eBook versions on Amazon. An audio version will be available soon.
Stay safe. Wear a mask.
Podcast of the week
In this episode, Diana Nole and Dr. Yaa Kumah-Crystal discuss the progress, future state, and challenges of voice-enabled technology in healthcare. They also talk about its usability and application in a post-COVID-19 world.
This Week in Digital Health Markets
We are selectively featuring guest posts in our newsletter from senior leaders in healthcare and technology. Reach out to us if you would like to contribute a blog to one of our upcoming newsletters.
Livongo and Teladoc merger: a catalyst for accelerating healthcare’s digital transformation
Are we in the midst of a broad-based restructuring of the digital healthcare sector? CIO Online
Amazon unveils new wearable product called ‘Halo’—Here’s how it works
CNBC breaks down the initial experience with the new Amazon wearable health device. CNBC
Amazon Halo is surveillance capitalism in a $100 fitness wearable
Ouch. Venture Beat
Verily launches stop-loss health insurance subsidiary
Interesting move in the Alphabet/Google/Verily healthcare strategy. MedCity News
Google is investing $100 million in telehealth provider Amwell, which will use Google Cloud
Amwell goes IPO, Google does a BOGO. Invest $100 million, land a new client. CNBC
Penn Medicine gets $2.5 M to study RPM’s effect on COVID-19 disparities
Penn Medicine gets a $2.5 million grant from Patient Centered Outcomes Research Institute to assess how its COVID Watch remote patient monitoring program is serving its patients and particularly explore how the program is affecting disparities in care among minority populations. HealthcareIT News
Payers are working to meet deadline for interoperability mandate
Payers face a July 1, 2021 deadline to meet Fast Healthcare Interoperability Resources, or FHIR, interoperability standards as mandated by CMS and majority do not feel ready. Healthcare Finance News
GUEST POST - Steve Miff, President and CEO, PCCI Data done right, has the power to galvanize communities, inform leaders, and empower people – especially during a global pandemic
According to PCCI President and CEO Steve Miff, three essential COVID-19 activities were possible because of Connected Communities ofCare and the corresponding data infrastructure: neighborhood prioritization, expediting data sharing, and streamlined communication.
Chart of the Week
Damo Consulting Thought Leadership and Research
This research paper, based on focus group discussions with CHIME members, discusses the challenges with digital transformation for mid-tier health systems and what CIOs must do to accelerate digital transformation in their organizations.
This paper provides best practices for a successful healthcare digital transformation in a post-COVID-19 era.
This ebook is a snapshot of the more detailed whitepaper ‘Interoperability and Patient Access: what it is, who gets impacted, and how to plan for the future.’
In this podcast with host Mark Weisman, Paddy Padmanabhan shares insights about what a CMIO needs to know about the digital front door.
In this podcast, Paddy Padmanabhan shares his insights from the book. How they waited to gather a better understanding of the COVID-19 situation and then refreshed the content of the book.
A review of the financial and market performance of global technology consulting firms in healthcare. Our monthly update on major global IT consulting and services firms in healthcare, The WITCH Monthly Monitor, provides latest financial and market performance updates on WITCH companies along with other global IT consulting firms. It is now available as free 1-year subscription with every purchase of The WITCH Report– Annual Review
