Monday, May 17, 2021
Issue 114
That isn’t stopping health systems and health insurers to move into these new models. Following recent acquisitions of telehealth providers by Cigna and Walmart, Kaiser Permanente and Mayo Clinic announced last week that they are taking significant equity stakes in Medically Home Group, a Boston-based provider of home health services.
The final wildcard in this game is the patient. A recent study by Penn Medicine and UC Santa Barbara and research by Harvard Business School raise doubts about what patients really think about virtual and AI-enabled care.
In my latest podcast episode, I interview John Donohue, Vice President of Entity Services at Penn Medicine. John gives us a fascinating view into the hospital of the future, a $1.5 billion investment by Penn Medicine that is launching soon. Take a listen.
Have a great week.
Paddy
Podcast of the Week
In this episode, John Donohue, Vice President of Entity Services at Penn Medicine talks about their 3-year long, $1.5 billion investment in a hospital of the future to be launched by the health system in their West Philadelphia campus.
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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.
Mayo, Kaiser strike joint investment in virtual hospital-at-home model: 6 details
The shift from hospital to home is beginning to accelerate. Becker’s Hopital Review
Amazon shuns per-employee fees with new telehealth business
Amazon joins a growing list of telehealth and digital health providers ditching the traditional PMPM Revenue model for healthcare services. Should be interesting to see how incumbents respond. MedCity News
Telehealth companies are fueling a lobbying frenzy to protect their Covid boom
Allowing Telehealth companies, flush with cash after the Covid-19 pandemic spiked both demand and investment, are now embarking on massive lobbying efforts to secure their interests on Capitol Hill. STAT News
Do Health Apps Really Make Us Healthier?
Findings that mobile and wearable devices and apps do lead patients to change their behaviors in ways that can positively affect their health provide offer not just patients but also care providers and insurers with opportunities. But surprising results about the effectiveness of personalized vs. non-personalized prods means that there is no clear-cut way to remind patients to adopt healthy behaviors. This suggests that providers need to experiment to find out what works best with patients. Harvard Business Review
The AI physician will see you now — but do patients want to see them?
Researchers from Philadelphia-based Penn State and the University of California, Santa Barbara found that patients are less likely to take advice from an artificial intelligence physician when it knows their name and medical history. Becker’s Hopital Review
Telehealth reimbursement parity spurs insurer concerns of overutilization
As demand for virtual care soars and payment parity kicks in, health insurers are concerned about increased costs of overutilization. Healthcare Finance News
Though training is necessary, payers see value in telehealth-first health plans
As demand for telehealth grew, payers accelerated their development of telehealth-first plans. Now that several have launched, it is clear that bringing these plans to market requires added effort on the part of payers, but they are here to stay. Healthcare IT News
Note: Some of the articles linked in this newsletter may be behind paywalls that need a subscription.
Chart of the Week
Source: STAT News
Events
In this webinar by Paubox, our CEO Paddy Padmanabhan is moderating a session on ‘The Cyber Threat Landscape Evolution: How the Pandemic Changed the Attack Surface in Healthcare’ on June 02, 2021 | 12:00 pm CT. Register here. Webinar
In this podcast, Paddy Padmanabhan shares his thoughts on the state of AI in healthcare, what’s working today (think administrative functions), and what may still be a ways off (think complex cancer diagnostics). Podcast Recording
Damo Consulting Thought Leadership and Research
A Look Back At The Last Quarter
A compilation of our thought leadership over the last quarter that provides insights on digital transformation trends in healthcare and help tools to embark on a successful transformation journey. Blog
Damo Consulting’s ICEA™ framework guides health systems and technology firms on competitive assessment and partner selection strategies. This paper will help you find out how you can use the framework to categorize the technology vendors and evaluate each vendor within the categories. White Paper
How to optimize health IT systems for immunization drives
The right technology applications can turn the COVID-19 vaccination program into a game-changer for the healthcare industry. Blog
Corporate Announcements
Damo Consulting launches DigiM™, a digital maturity model and an online self-assessment tool for health systems. With this first-of-its-kind maturity assessment tool, health systems can benchmark their digital transformation programs against peer health systems at an enterprise level. Press Release
Damo Consulting offers branding solutions for technology firms looking to gain visibility and access to healthcare executives and CXOs.
