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InterSystems Expands Startup Program with Eight New Companies to Accelerate Digital Health Innovation

InterSystems Startup Program now connects a total of 35 startups to the health and care ecosystem

SYDNEY, Australia & SINGAPORE – October 11, 2023 – InterSystems, a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability and speed problems, welcomed eight new companies to the InterSystems Startup Program, bringing the total number of participants to 35. With support from InterSystems, these startups are better positioned to transform the digital health landscape – optimising patient care and revolutionising the industry.

“Innovation in digital health underpins our company’s strategy and is driven in part by forward-thinking startups that are exploring applications of emerging technologies,” said Don Woodlock, Head of Global Healthcare Solutions at InterSystems. “By giving these startups access to resources, capital investment and technology, InterSystems is accelerating innovation in this space and connecting startups to the broader health and care ecosystem.”

Empowering Startups through Three Pillars

The InterSystems Startup Program provides support, technical integration, resources and investments to data-driven startups in key industries such as healthcare, financial services, logistics and manufacturing. These startups pioneer emerging technologies, from remote patient monitoring and blockchain-powered health data security to artificial intelligence-driven diagnostics to enhance healthcare accessibility, ensure data integrity and optimise patient care.

By joining the InterSystems Startup Program, companies gain access to the necessary tools and support to develop ideas, create prototypes, validate solutions and prepare for funding rounds. Additionally, program participation offers invaluable networking opportunities, connecting startups with industry leaders, potential investors and strategic partners.

Driving Connection to the Digital Health Ecosystem

The addition of these eight companies to the InterSystems Startup Program reinforces the company’s commitment to advancing the digital health ecosystem. New additions to the program include:

  • AfyaRekod – a venture backed, patient-driven, health-tech startup focused on consolidated ownership, continued access, interoperability and mobility of health data for patients and providers across the healthcare ecosystem.
  • Harmony Health – a platform that supercharges hyperlocal community networks by digitally scaling their existing trusted relationships with vulnerable communities for health and social care. Harmony Health helps organisations tap into this trust fabric to reach diverse populations in their language and context, through trusted ambassadors that re-engage them to bring them into the healthcare system.
  • Heartbeat Health – a tech-enabled virtual cardiology company that leverages data, device connectivity and clinicians to deliver 24/7 on-demand cardiovascular services.
  • MAIA Labs – a tech startup offering an endoscopic AI assistant, utilising cutting-edge AI algorithms on MAIA hardware to enhance the quality of examination and save 20% of doctors’ time.
  • Maro – a paediatric healthcare company dedicated to promoting transparency in youth mental health intervention.
  • Modern Trials – a healthcare technology organisation that partners with healthcare organisations and leverages EHR data to streamline clinical trial patient recruitment and reduce time-to-market for new therapeutics.
  • Polygon Health – a platform that turns health data into an asset by empowering people to securely access their health data in minutes, all in one place, and find personalised health solutions.
  • Health Circuit – evidence-based, integrated-care solutions for sustainable healthcare that is patient-centric and digitally delivered, such as Surgifit™ for surgical pre-habilitation.

Fuelling Innovation through Comprehensive Support

The InterSystems Startup Program is a multifaceted initiative designed for early-stage and pre-seed startups across various stages of their journey. The three main pillars of InterSystems Startup Program include:

  • Acceleration Programs: The intensive 6–9 month program provides startups with the framework to integrate InterSystems technology into their products to prepare for pre-seed, seed funding rounds and position themselves for success in competitive markets. Through training and mentorship, startups can convert ideas into tangible prototypes, validating their Minimum Viable Products (MVPs). Since the program’s March 2022 launch, startups such as Pria have succeeded in accelerating delivery of health-at-home solutions that improve patient outcomes and transform the patient engagement experience.
  • Startup Growth Toolkits: For startups integrating InterSystems technology into their solutions, the program’s Startup Growth Toolkits provide access to learning, technical and market resourcing to accelerate growth and go-to-market paths.
  • Venture Fund: The Venture Fund actively seeks out and invests in health tech, fintech and supply chain startups that harness the power of InterSystems technology. The program offers equity investments and grants to evaluate InterSystems tech and build proofs of concept, deliver MVPs and scale their operations.

The Future Of Healthcare: What Conditions Will Be Monitored From Home?

The Future Of Healthcare: What Conditions Will Be Monitored From Home?

As the rapid pace of technology infiltrates the healthcare sector, many aspects of medical care that once required a trip to the doctor’s office are now feasible from the comfort of one’s home. Innovations in remote healthcare are transforming how patients engage with medical professionals, manage their health, and receive treatment. 

Amid these advancements, pain management remotely has become an intriguing focal point. Similarly, when you look at these blood pressure monitors, they provide an easily accessible way to keep track of heart health and notify patients of potential concerns.

Benefits Of Remote Healthcare Monitoring

Remote healthcare monitoring offers numerous benefits to patients. Firstly, the convenience of monitoring and managing one’s health from home eliminates the need for frequent trips to clinics or hospitals, saving individuals time and money. 

Additionally, many patients experience stress or anxiety in clinical settings, which can negatively impact their overall health. Through remote monitoring, patients can avoid these stressful settings and take control of their health in a more comfortable environment. 

Lastly, home-based monitoring allows patients to track their health on their schedule, improving their overall quality of life and allowing them to take a more proactive role in their healthcare journey.

1. Monitoring Cardiovascular Health

Monitoring cardiovascular health has become increasingly important as heart disease remains a leading cause of death worldwide. Modern technology has provided us with devices such as wearable heart rate monitors and smartwatches that are capable of detecting irregular heart rhythms. 

These innovative tools, along with these blood pressure monitors for example, enable individuals to stay well-informed about their cardiac health, allowing for timely interventions when necessary. By proactively monitoring their cardiovascular health, individuals can potentially prevent serious complications and even save lives.

2. Managing Diabetes From A Distance

Managing diabetes from a distance has become more efficient with the latest advancements in glucose monitoring technology. Diabetic patients understand the significance of regularly monitoring their blood glucose levels. Newer glucose meters provide real-time tracking of glucose levels and allow instant sharing of this information with healthcare providers. 

This constant feedback loop between patients and healthcare providers enables timely adjustments in insulin dosages, resulting in better blood sugar control and reduced risks of complications associated with diabetes. With the ability to manage diabetes remotely, individuals can maintain better control over their condition and receive prompt interventions when necessary, ultimately improving their overall health and quality of life.

3. Lung Function And Respiratory Health At Your Fingertips

At-home monitoring solutions offer significant benefits for patients with chronic respiratory conditions such as asthma and COPD. Portable spirometers, for example, enable individuals to assess their lung function conveniently. By regularly tracking changes in lung function, patients can identify any decline in respiratory health and make informed decisions about adjusting their medications or seeking medical attention as needed. 

This proactive approach to monitoring lung function empowers individuals to control their respiratory conditions and optimize their treatment plans, ultimately leading to improved quality of life and better respiratory health management.

4. Remote Mental Health Check-Ins

Your mental well-being is just as critical as your physical health. Technology now supports online therapy sessions, apps that track mood patterns, and platforms that offer cognitive behavioral therapy exercises. Keeping tabs on your mental health is no longer confined to a therapist’s office.

5. The Digital Future Of Rehabilitation

Patients undergoing rehabilitation, whether after surgery or due to chronic conditions, can harness virtual reality’s (VR) power. VR platforms help you follow specific physiotherapy routines, ensuring that exercises are performed correctly and aiding faster recovery.

6. Enhancing Medication Adherence

Forgetting to take your medications? Smart pill dispensers notify you when to take your dose and alert caregivers if a dose is missed. Such devices can be instrumental for elderly patients or those with complex medication regimens.

Understanding Remote Health Challenges

It’s vital to recognize that remote healthcare is promising but not without challenges. Digital literacy, data privacy concerns, and ensuring consistent patient engagement need attention.

  • Ensuring Data Privacy And Security

One of the top concerns with remote monitoring is the shared data’s security. Manufacturers and healthcare providers must prioritize encrypting sensitive health information to prevent breaches.

  • Bridging The Digital Divide

While technology is more accessible than ever, a significant portion of the population is unfamiliar with using advanced gadgets. Ensuring that all patients, regardless of age or tech-savviness, can benefit from remote healthcare is essential.

  • Consistent Engagement Is Key

Merely having a remote health device doesn’t guarantee its effective use. It’s crucial to keep patients engaged, encouraging regular device use and accurate data input.

Looking Ahead: The Integration Of Remote And Traditional Healthcare

The blend of traditional and remote healthcare seems to be the most plausible future. While at-home monitoring provides convenience and real-time data, face-to-face interactions with healthcare providers remain irreplaceable for certain aspects of care. The key lies in striking a balance, ensuring patients get the best of both worlds. The future is indeed promising, with the potential to make healthcare more personalized, accessible, and effective than ever before.

What Causes Hearing Loss? 12 Common and Less Common Causes

What Causes Hearing Loss? 12 Common and Less Common Causes

A number of different things can be responsible for hearing loss. Let’s explore twelve common and less common causes.

Three Common Causes

1. Noise-Induced Hearing Loss

One very common cause of hearing loss is exposure to loud noise or sound.

Noise-Induced Hearing Loss is typically caused by continual exposure to high-decibel sounds over an extended period, such as working in a noisy environment like a construction site or frequently attending loud music concerts.

2. Age-Related Hearing Loss

Another common cause is presbycusis, which is age-related hearing loss.

As you get older, the hair cells in your inner ear that assist with hearing can slowly begin to break down and become less effective. That does not mean all people hear less as they get older, but it is a common occurrence.

3. Conductive Hearing Loss

Conductive hearing loss refers to any blockage or damage to the outer or middle ear that prevents sound from reaching the inner ear. Causes may include things like wax buildup, or more seriously, a punctured eardrum.

However, the good news is that a doctor’s intervention can often treat these issues and restore some, if not all, of your hearing.

Nine Less Common Causes

1. Ear Infections

Ear infections not only cause immediate pain. They can also lead to more serious issues if left untreated.

While less common than many other causes of hearing loss, ear infections do often result in temporary or permanent loss of hearing.

2. Some Medications, Such as Tepezza

Believe it or not, specific medications can also lead to hearing loss. They can damage the delicate structures within your ear that are responsible for both balance and sound perception.

One recent case of a medication causing hearing loss is that of Tepezza. People who suffer from thyroid eye disease, which causes bulging eyes and vision damage, have been taking the prescription drug Tepezza, developed by Horizon Therapeutics, for some time to help treat their condition.

However, a recent study has found that Tepezza may be linked to dangerous side effects, including tinnitus and hearing loss.

As a result, affected people have been joining the Tepezza mass tort claim lawsuit to seek compensation and hold Horizon Therapeutics accountable.

3. Meniere’s Disease

Though less common, Meniere’s disease can induce hearing loss. This chronic inner ear condition causes vertigo, tinnitus, and a feeling of fullness or pressure in one or both ears.

4. Acoustic Neuroma

Acoustic Neuroma is a rare cause of hearing loss. The condition involves a benign tumor growing on the main nerve that leads from your inner ear to your brain. 

In addition to causing hearing loss, it can also lead to tinnitus and balance issues.

5. Autoimmune Inner Ear Disease

In very rare cases, your body’s immune system might mistakenly attack parts of your inner ear, which can potentially lead to hearing loss.

The condition is known as Autoimmune Inner Ear Disease.

6. Otosclerosis

Otosclerosis refers to abnormal bone growth in the middle ear, which could affect how sound travels from the outer ear to the inner one. This disturbance usually leads to a gradual decrease in hearing over time.

7. Sudden Sensorineural Hearing Loss

Although rare, sudden sensorineural hearing loss can occur quickly with little warning. It might happen overnight, causing you to wake up with significant hearing loss in one or both ears. The causes of SSHL can be various, including viral infections, trauma, or circulatory system disorders.

8. Cholesteatoma

This is a benign growth of skin cells that occurs in the middle ear. If left untreated, Cholesteatoma can lead to severe complications such as hearing loss or even facial paralysis.

9. Usher Syndrome

Lastly, Usher Syndrome is a genetic disorder that causes a combination of hearing loss and vision impairment. It is a leading cause of deaf-blindness.

How To Restore A Great Smile To Your Face

How To Restore A Great Smile To Your Face

When you look in the mirror, do you notice your smile first? If not, then it’s time to take action and restore that dazzling beam back to your face. There is no need for an expensive or complicated procedure; there are many ways to transform your grin and give yourself a confidence boost. In this blog post, we’ll discuss several techniques on how you can regain a beautiful smile without breaking the bank. With our tips and tricks, you will be beaming from ear to ear in no time!

Visit your dentist for a professional cleaning and checkup

Regular dental checkups are essential for maintaining good oral health, but did you know that they can also help detect other health issues? When you visit your dentist for a professional cleaning and checkup, they can identify potential symptoms of gum disease and tooth decay, both of which can lead to serious health problems if left untreated. Hopefully, you go to someone reputable like the best orthodontist in Houston or other US cities. In addition, your dentist can also screen for signs of oral cancer, which can be life-threatening if not detected early on. So, make sure to prioritize your dental health by scheduling regular visits with your dentist. Not only will it ensure a brighter smile, but it could also potentially save your life.

Follow a daily oral care routine to keep teeth and gums healthy

Maintaining a healthy smile takes effort, but following a daily oral care routine is a simple way to keep teeth and gums in top shape. Brushing twice a day with fluoride toothpaste is a great start, but it’s also important to floss daily and rinse with mouthwash to rid your mouth of bacteria and plaque buildup. Making small adjustments, such as swapping out sugary drinks and snacks for healthier options, can also improve oral health and prevent tooth decay. By prioritizing oral care and taking small steps each day, you can enjoy a bright, healthy smile for years to come.

Whiten your teeth with a whitening strip or at-home kit

A bright, white smile can boost your confidence and leave a great impression on those around you. Thankfully, there are several options available for achieving a radiant grin, including the use of whitening strips or at-home kits. These products provide a convenient and affordable way to lighten your teeth by removing stubborn stains caused by coffee, wine, and tobacco. You simply apply the strips or gel to your teeth, let them sit for a designated amount of time, and voila, you’re left with a brighter smile. While professional treatments may offer more impressive results, whitening strips, and at-home kits are a fantastic option for those looking to improve their smile on a budget.

Cut back on sugary drinks and snacks

Sugar is often irresistible; it’s sweet and addictive. However, it can also damage your teeth and undermine your overall oral health. Sugary drinks and snacks, in particular, are the culprits behind many dental problems. The sugar in these treats invites harmful bacteria into your mouth, which then feast on the sugary residue left behind. Over time, these bacteria can erode your enamel and cause cavities to form. To avoid these oral health problems, it’s crucial to cut back on sugary drinks and snacks. Instead, opt for healthier alternatives that are beneficial for your body and your teeth, such as water, fresh fruits and vegetables, and low-sugar snacks. Remember, healthy teeth are a valuable asset, and taking care of them should be a priority.

In conclusion, maintaining a radiant, confident smile is not as daunting as it may seem. The process involves consistent oral care habits, including regular dental checkups and a daily cleaning routine. Adopting a healthy lifestyle by cutting down on sugary treats and incorporating teeth-whitening methods can also be beneficial. Taking these simple, affordable steps can significantly enhance your oral health and restore a beautiful smile to your face.

AI In Healthcare – Patient Education To Build Trust A Must

As per a recent survey conducted by GlobalData, approximately two-thirds of patients are at ease in healthcare settings that employ artificial intelligence, but only if they have prior exposure to and familiarity with the technology.

According to the findings, 60% of patients who had knowledge about AI expressed a high level of comfort when it came to receiving healthcare in an AI-enabled environment. Merely 7% of patients went on to report discomfort over unfamiliarity with the technology.

The main concern expressed by patients regarding medical professionals using AI in clinical practice was the lack of face-to-face interaction. Additionally, most patients conveyed a greater level of comfort with physicians using AI to streamline administrative duties rather than using it to directly manage patient care.

The main advantages of using AI in clinical practice include faster delivery of healthcare and the capacity to address healthcare staff shortages.

The survey says that individuals between the ages of 18 and 55 showed a higher level of acquaintance with AI compared to those aged 56 years and older. More than 50% of younger people rated their knowledge of AI as slightly or very familiar.

Urte Jakimaviciute, who happens to be the senior director of market research with GlobalData, highlighted the significance of AI for identifying image-based diseases such as cancer. She stressed the need for a strong regulatory framework and emphasised the importance of teaching patients about this tech.

As per her, this education should have the goal of enhancing the understanding of how AI is used, its possible advantages, and the risks that come with its widespread use. Ultimately, the aim is to build greater trust in AI. Enhancing knowledge allows individuals to make educated choices and diminishes prejudices associated with this technology.

Previous studies have also identified similar issues regarding trust. A recent study carried out in 2021 and published in the journal NPJ Digital Medicine examined consumer worries regarding the use of AI in healthcare. The study identified multiple areas of concern, like AI safety, potential limitations on choice for patients, a possible rise in healthcare costs, prejudices in data sources, as well as data security.

The researchers also went on to conclude that patient willingness to embrace AI depends on tackling and lowering these potential harms.

The recent GlobalData survey, titled Thematic Intelligence: AI in Clinical Practice – Patient Perspective 2023, gathered responses from 574 patients in various countries, including the likes of US, Germany, France, Italy, the UK, Spain, Japan, Canada, Brazil, India, and Mexico.

The patients happened to be diagnosed with various conditions, including diabetes, heart diseases, multiple sclerosis, chronic respiratory conditions, cancer, rheumatoid arthritis, psoriasis, as well as inflammatory bowel disease. The survey occurred between July and August 2023.

The Worldwide Digital Health Market Eyes $939bn By 2032

The healthcare industry has experienced significant disruption, similar to a tsunami. Although the pandemic is now behind us, difficulties still remain.

The NHS is currently facing significant challenges, including pressure on costs, shortages of workers, disparities, and a backlog in patient care. The healthcare industry is actively working to improve outcomes by accepting digital healthcare. This change aims to enhance efficiency and move away from a hospital-centric approach, eventually leading to more personalised and precise medicine.

Innovations such as AI, digital therapeutics, as well as continuous sensors hold enormous promise for transforming disease forecasting, diagnostics, and treatment, ultimately resulting in improved healthcare. With a wide range of data available, such as ambient signatures, implants, and consumer wearables, it is crucial to harness and share this information.

The global digital health market is projected to reach a value of $939 billion by 2032, driven by these creative advancements. However, before personalised healthcare can be carried out on a large scale, there are certain underlying issues that need to be addressed and resolved.

Challenges pertaining to interoperability

The increasing popularity of consumer wearables along with other connected devices produces a significant amount of health-related data. To safeguard the success of personalised care, it is crucial to establish an interoperability ecosystem. Enhancing diagnostics and reducing costs can be achieved by breaking into silos and guaranteeing seamless integration. The ability to share real-time data is essential, as it significantly improves treatment and enhances patient outcomes.

The regulatory landscape

With the increasing prevalence of wearables and implantable devices, there is a corresponding rise in cybersecurity concerns. For instance, if the device sends data to the individual’s mobile phone and it is breached, it could lead to the following consequences:

– The device may initiate unnecessary actions that could potentially harm the individual. 

– It could serve as an entry point for hackers to exploit the hospital network.

 – This could go on to contribute to the increasing threat of ransomware that the NHS is currently combating.

Therefore, it is crucial to establish barriers to effectively mitigate these weaknesses and others. Enhanced regulation and oversight are crucial in order to protect data and promote secure and safe sharing of information, thereby facilitating the broad acceptance of digital healthcare.

Addressing Privacy and Trust Concerns concerning Data 

The increasing number of connected devices, such as monitors for heart rate, pulse oximeters, electrocardiographs, and continuous glucose monitors, has led to the creation of new data streams. The data offers valuable insights that can help improve personalised therapeutic care. However, it is essential that one prioritises building trust in the data.

The expanding field of digital therapeutics happens to have the capacity to revolutionise the progression of illnesses and aid in the restoration of connections between neurons in the brain. Doctors will be able to rely on precise data about what the individual does instead of solely relying on what the patient reports, leading to increased efficiency and effectiveness.

Doubling investment in digital technologies

To achieve enhanced holistic healthcare delivery with greater efficiency, it is necessary to employ intelligent technologies that are capable of dealing with the aforementioned issues. The integration of AI and machine learning with digital twin solutions offers a valuable approach for modelling, scenario planning, and predicting outcomes. In order to provide personalised care, intelligent digital twins need to have access to interoperable real-time data. This data is crucial for modelling, assessing, gaining insights, and executing effective action.

Many companies are currently utilising virtual patients to evaluate the effectiveness of drugs prior to conducting human trials. Digital simulations are valuable tools that can help identify issues at an early stage in the development cycle. Although it may appear futuristic, these efforts are already in progress, with innovations such as the simulation of a human heart.

The digital imperative

The global imperative is to transition from a one-size-fits-all approach to personalised and preventative healthcare. The advancements in digital healthcare have the potential to greatly impact our lives in various ways, right from enhancing the ability to detect and diagnose medical conditions to providing personalised treatments and implementing preventive measures. That said, there are obstacles that need to be addressed before it can be realised. If our goal is to enhance both the quality and duration of human life, it is crucial that we prioritise the shift towards anticipatory and therapeutic healthcare.

Amendments To The International Health Regulations Possible

Amendments To The International Health Regulations Possible

Significant progress has been achieved recently with regards to the numerous suggested modifications to the International Health Regulations 2005, bringing the total to over 300. During the fifth round of intensive discussions, the Working Group on Amendments to the International Health Regulations (WGIHR) convened.

This group consists of the 196 States Parties to the International Health Regulations, as well as the European Union and also the Observer Delegation of Palestine. The participants addressed proposed amendments, especially in the areas of:

  • Points of Entry
  • Public health measures
  • General provisions.
  • Final Provisions
  • Definitions, purpose as well as scope, principles, and also responsible authorities
  • The Emergency Committee
  • The Decision Instrument when it comes to Assessment and Notification of Events

The Working Group additionally addressed a consolidated proposal by the States Parties who back the amendments to Article 13A, which focuses on Equitable Access to Health Products, Technologies, and Know-How for Public Health Response. In addition to this, they addressed the proposed amendments to Article 8, which relate to consultation.

It was agreed that work ought to keep going during the intersessional period. These efforts include:

  • The proponents of various proposed amendments engage in discussions with the aim of providing any outcomes to the drafting group for assessment.
  • The WGIHR will hold intersessional briefings and consultations to discuss articles, annexes, as well as topics that have been tackled in previous meetings. This includes subjects that have been the primary topic of intersessional work. This also encompasses work on funding for public health emergencies and the implementation of international health regulations. It also covers the Public Health Alert – PHEIC – pandemic spectrum, which includes definitions, criteria, and the process for determining each. The results of assisted intersessional consultations will not be considered agreed-upon text. However, they will be shared prior to the date of the next WGIHR meeting in December 2023.
  • The Bureau, with the assistance of the Secretariat, will prepare draft text proposals based on the conversations held thus far. These proposals will be presented to the working group for consideration at the sixth meeting.

They will be actively addressing various issues during the intersessional period leading up to WGIHR6, and also in early 2024, and are confident in their ability to fulfil the task assigned by the 77th World Health Assembly, stated Dr. Abdullah Assiri, Co-Chair of WGIHR from Saudi Arabia.

They are highly committed to the mandate of delivering a comprehensive set of specific amendments to the IHR. The main objective is to ensure that equity is accurately represented in the IHR. Making the IHR worse would be a simple task. Enhancing them is going to be challenging. They will prioritise improving the difficult tasks, said Dr. Ashley Bloomfield, Co-Chair of WGIHR from New Zealand.

The Co-Chairs acknowledged that, based on Decision WHA75(9), it seemed improbable that a list of amendments would be prepared by January 2024. The Working Group has agreed to keep up its work from January to May 2024.

The Director-General will present the package of amendments, which has been agreed upon by the Working Group, to the 77th Health Assembly.

Apparently, the original International Sanitary Regulations were adopted in 1951 under the WHO Constitution. These regulations were created to establish agreed-upon approaches and responsibilities for countries in order to effectively anticipate and react to disease outbreaks and other acute public health events that have a likelihood of spreading internationally.

The International Sanitary Regulations underwent three revisions, which led to the establishment of the International Health Regulations in 1969. Subsequent modifications occurred in 1981 and 2005.

The International Health Regulations happen to be a legally binding instrument of international law that covers 196 state parties, including the 194 member states of the World Health Organisation (WHO). The IHR, as adopted in 2005, has undergone two amendments in 2014 and 2022. The most recent amendments will take effect in May 2024. The proposed amendments happen to be an answer to the challenges presented by COVID-19.

Tech Businesses, Investors To Lead Healthcare Generative AI

According to the Generative AI Tracker, the healthcare generative artificial intelligence market is worth over $1 billion as of 2022. However, the development of this market will heavily rely on the involvement of technology companies as well as investors.

The company will collaborate with healthcare providers, payers, and also other stakeholders across the healthcare industry to train broad language models via healthcare-specific data. In addition, they aim to establish trustworthy standards for evaluating the efficacy of these models.

Why It Matters

The Generative AI Tracker is a joint effort between Pymnts and AI-ID, a platform that is based in Reno. AI-ID specialises in recording artificial intelligence outputs and handling tasks like authentication, origin validation, and information management.

The analysis of the current state and future potential for generative AI in healthcare reveals that many healthcare-focused companies and startups are utilising generative AI for complicated drug discovery, diagnostic testing, and patient care challenges. That said, it is important to note that these companies must continue to advance their solutions. Nonetheless, there are a few companies that are already making significant progress in altering care delivery as well as expanding their research capacities.

It is well to be noted that Generative AI: Elevating Health and Revolutionising Healthcare explores the potential effects of generative AI in the healthcare industry. It looks into the ways in which companies are now utilising natural language processing, machine learning, and various other technologies to transform healthcare.

Generative AI has already started to transform diagnostics, treatment plans, and the delivery of care in healthcare. Providers are taking into account the implications of this technology. In addition, generative AI innovations in healthcare are broadening researchers’ capabilities and speeding up the development of drugs and testing.

However, according to the Tracker, the development of generative AI in healthcare still needs to progress. The tracker mentions the need for training language models on healthcare-specific data and establishing reliable benchmarks. Additionally, the tracker discusses several important market factors.

  • Startups have the potential to revolutionise the care continuum.
  • The use of generative AI has the potential to greatly improve medical research and drug development.
  • Although emerging technology demonstrates commitment, it is still in the process of being perfected for healthcare applications.
  • Regulations pertaining to healthcare and technology are still being created.

According to the Tracker, healthcare-generative AI is still in the process of optimisation and experiencing various challenges as it grows.

As per a recent survey conducted by one of the management consulting firms, the primary obstacles to the implementation of generative AI in the healthcare industry are a lack of resources, expertise, and regulation. The authors of the survey additionally pointed out that challenges related to data access and quality, as well as organisational resistance, are closely following these barriers.

The Bigger Trend

Generative AI refers to a category of machine learning models that are specifically trained on extensive amounts of text, audio, or even image data. These models have the ability to generate novel and creative content. In the context of medical facilities that possess abundant data, generative AI holds great potential for various applications.

Dr. Shiv Rao, a practicing cardiologist and CEO of one of the vendors of generative AI-powered clinical documentation technology, expressed his belief that the industry will start implementing generative AI-based systems in the coming years. These systems will help, augment, as well as automate processes that have historically adversely affected the healthcare experience and led to unsustainable costs.

In one of the interviews, he stated that one will gain a more comprehensive and up-to-date understanding of patients, the effectiveness of treatments, and the most efficient ways to enhance the health of populations with significant similarities.

Digital Transformation – An Imperative Need For NHS Funding

As the world continues to progress, so should the approach to healthcare too, which illustrates the commitment to investing in the NHS.

The NHS, which has long been the backbone of the UK’s healthcare system, must harness the power of technology so as to enhance effectiveness, teamwork, and care for patients.

Digital transformation goes beyond simply adopting technology. It involves harnessing technology to drive the industries ahead and promote improved well-being.

However, the NHS continues to encounter a significant challenge in terms of funding. It is currently operating in an economy with limited cash flow and faces challenges in getting the necessary resources for advanced technology.

Investing in the NHS: Funding for Digital Transformation

The recent funding for levelling up has proven to be beneficial, as it has helped certain trusts begin their digital journey.

However, it is crucial to have more support. There is an ongoing extension of the timeline for achieving digitization goals, indicating the need for a significant change in ministerial thinking.

Digital transformation in the healthcare industry is not just an optional choice but rather a vital necessity. The COVID-19 pandemic has highlighted the significance of having a healthcare system that is resilient as well as adaptable.

During these challenging times, digital tools such as remote monitoring and electronic health records have served crucial roles in effectively managing patient care. Yet, if the NHS does not receive sufficient funding, it runs the risk of lagging behind in a healthcare terrain that is constantly evolving.

Investing in technology for the NHS is highly advantageous

Investing in technology for the NHS provides a wide range of benefits, encompassing enhanced patient care and improved productivity within the healthcare system as a whole.

Electronic document management systems- EDMS have the ability to streamline access to patient data and alleviate administrative burdens for healthcare professionals.

These technologies not only enhance the experience of patients but also enable healthcare providers to use their time more effectively, which ultimately contributes to cost reduction.

In addition, digital transformation promotes cooperation among healthcare providers. Integrated care systems facilitate the smooth exchange of patient information, resulting in enhanced coordination of care and reduced occurrence of errors.

By providing patients access to their health data and involving them in their own care decisions, it empowers them. The shift towards an approach that prioritises patients is crucial in order to enhance health outcomes and encourage preventative care.

Addressing the funding gap and promoting increased investment in the NHS

Despite having these benefits, the NHS continues to deal with a funding gap. In order to tackle this issue, the government should implement a comprehensive strategy that takes into account multiple aspects. First and foremost, it is crucial to allocate a substantial increase in funding.

Investing in the NHS’s digital future is not only a stake in the health of the nation but also in its economy. It is essential that one prioritise this funding in order to ensure that the NHS remains at the forefront of healthcare innovation.

The adoption of a strategic approach by the government is imperative. Recognising the limitations of resources, it is important to prioritise investments in areas that will provide the most advantages for patient care and efficiency gains.

Long-term planning is just as important. The NHS faces challenges in managing short-term projects and is consistently at risk of funding loss. A multi-year plan that outlines the roadmap for digital transformation provides stability, facilitates resource allocation, and promotes a unified electronic ecosystem within the healthcare system.

The issue of underfunding in the NHS is of utmost importance

The lack of sufficient funding for the digital transformation of the NHS in the UK is a pressing matter. Technology has the potential to revolutionise healthcare through bettering patient care, improving efficiency, and lowering costs.

By securing sufficient funding and implementing comprehensive long-term strategies, the UK can guarantee that the NHS continues to be a leading healthcare provider in the digital era. This will bring numerous advantages to both patients and healthcare professionals.

Health Sector Pinches Italy As Europe Grapples Post COVID

The government of Italy has issued an alert stating that the national health service is facing a significant shortage of doctors and nurses, which they consider to be an actual crisis.

In order to address the crisis, a few hospitals are providing contracts to foreign medical professionals so as to fill the staffing shortages. However, health experts argue that such an approach will only offer a brief respite and highlight that the healthcare sector is dealing with challenges that extend far beyond staffing issues.

It is well to be noted that the COVID-19 pandemic has put significant pressure on the publicly funded health systems across European countries. Here is an assortment of comparative data on various health metrics in Europe.

Health spending

According to data from the Organisation for Economic Co-operation and Development (OECD), total health spending in Italy in 2022 accounted for 9% of GDP, which obviously included both the private and public sectors. If we compare it with Spain, the health spending there was 10.5% of GDP, while Britain, France, and Germany had health spending percentages of 11.3%, 11.9%, and 12.7%, respectively.

According to the OECD, when it comes to a per capita basis, Italy’s corresponding figure in 2022 is $4,291. In comparison, Spain’s corresponding is $4,462, Britain’s is $5,493, France’s is $6,517, and Germany’s is $8,011.

Beds

One regular indicator of health services is the quantity of hospital beds that are accessible to patients. However, a low number of beds does not necessarily indicate a crisis in the system; it could also suggest efficiency.

The OECD says Italy had a rate of 3.12 per 1,000 people, while France had a rate of 5.65 and Germany had a rate of 7.76. Spain had a total of 2.96 beds, while Britain had 2.42 beds.

Doctors & Nurses

According to the OECD, as of 2021, Italy has 4.2 doctors per 1,000 people, while France has 3.4, Britain has 3.2, and both Spain and Germany have 4.5. Italian unions have reported that a significant number of medical professionals have left the public sector due to various reasons, which has led to shortages in critical departments.

Italy has the fastest-ageing medical workforce in the European Union (EU). As per data from Eurostat, almost 40% of all doctors in the EU will be aged 55 years and over in 2021. In Italy, the percentage of individuals was 55.2%, with roughly one-quarter of them being over 65. No wonder; this represents the highest percentage of elderly individuals in Europe.

Italy had 6.4 nurses per 1,000 inhabitants as of 2021, while France had 9.7 nurses and Germany had 12.0 nurses per 1,000 inhabitants. On 6.3, Spain’s score was slightly lower than Italy’s, while Britain’s score was 8.7.

Attracting foreign workers

The percentage of foreign-trained doctors in Italy was only 0.94% in 2019. In comparison, France had 12.3%, Germany had 13.8%, and Britain had the highest percentage at 31.9%. In 2019, the share of foreign-trained nurses in Italy was 4.8%, while in France it was 2.9%, in Germany it was 8.9%, and in Britain it was 15.4%.

Doctor and Nurse salaries

The data from OECD says that specialist doctors in Italy earned 2.9 times the average income of the country in 2020. In comparison, the income ratio for specialist doctors in Germany was 3.4, in Britain it was 3.3, and in Spain it was 3.0. The ratio in France was 2.2. In contrast, both nurses in Italy and their British counterparts earned the equivalent of their respective countries’ median salaries in 2020. Spanish nurses earned 1.5 times the average wage, while German nurses earned 1.1 times and French nurses earned 0.9 times.

According to unions, the average net take-home pay for doctors working in Italian hospitals is 2,800 euros ($2,935) in a month. In contrast, public-sector nurses usually get an average monthly salary that ranges from 1,600 to 1,700 euros.

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