All articles tagged with #healthcare transformation
Originally Published 2 months ago — by Menlo Ventures
Healthcare is rapidly adopting AI, leading to a significant transformation in operations, diagnostics, and patient engagement, with providers investing heavily and startups capturing most of the market, while incumbents respond with their own AI solutions.
Originally Published 3 months ago — by Centers for Medicare & Medicaid Services | CMS (.gov)
The Centers for Medicare & Medicaid Services (CMS) announced a $50 billion Rural Health Transformation Program to improve healthcare infrastructure, access, and quality in rural America, with applications due by November 5, 2025, and funding distributed over five years to support innovative, sustainable, and tech-enabled healthcare solutions.
Originally Published 2 years ago — by Akron Beacon Journal
Health Assurance Transformation Corporation (HATCo), a venture capital firm owned by General Catalyst, is set to acquire Summa Health, the largest hospital system in Summit County, Akron. The acquisition would maintain or grow Summa’s staffing, cement its headquarters in Akron, and transition it from a non-profit to a for-profit hospital, with proceeds from the sale going into a substantial community endowment. HATCo aims to transform healthcare through technology and hopes to use Summa as a model for industry-wide transformation. The sale is expected to bring about changes in patient care, technology investments, and revenue streams, with a focus on serving more people and improving patient care through evolving technology.
Originally Published 2 years ago — by CNBC
CVS Health plans to close select pharmacies inside Target stores in the coming months, with closures beginning in February and finishing by the end of April. The company did not disclose the exact number of stores to be shuttered, but a report suggested "dozens" of locations. This decision is part of CVS' effort to reduce its retail footprint based on changes in population, consumer buying patterns, and future health needs. CVS has been pushing to transform itself from a major drugstore chain into a large healthcare company, with recent acquisitions and cost-cutting measures. Employees affected by the closures will be offered comparable roles within CVS, and prescriptions will be transferred to nearby CVS pharmacies before the locations close.
Originally Published 2 years ago — by Reuters
Weight loss drugs in the GLP-1 class, such as Novo Nordisk's Wegovy and Eli Lilly's tirzepatide, are revolutionizing the healthcare system and may have potential applications in treating addiction. These drugs mimic the action of the GLP-1 hormone to regulate blood sugar, slow digestion, and suppress appetite. Studies have shown significant weight loss with these drugs, opening up possibilities for controlling obesity and other addictive conditions. However, reimbursement by health insurers has not yet caught up with the demand, and the drugs have high list prices. Despite this, the potential for lower overall healthcare costs and improved control of obesity is promising.
Originally Published 2 years ago — by Forbes
Venture capital firm General Catalyst is planning to buy and operate a hospital system through its new company, the Healthcare Assurance Transformation Corporation (HATCo). The goal is to create a revolutionary healthcare company that serves as a proving ground for technology from General Catalyst's portfolio companies and spreads successful innovations to a network of 20 other health system partners. The move aims to bypass the challenges faced by digital health startups in dealing with slow-moving health systems and accessing high-quality patient data. General Catalyst is looking for a hospital in the $1 billion to $3 billion range and intends to have a long-term vision rather than a quick sale.