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BrainChip Inc and NaNose Medical Successfully Detect COVID-19 in Exhaled Breath with Fast High-Accuracy Results

BrainChip Inc and NaNose Medical Successfully Detect COVID-19 in Exhaled Breath with Fast High-Accuracy Results

BrainChip Holdings Ltd, a leading provider of ultra-low power high performance artificial intelligence technology, today announced progress in testing with the NaNose (Nano Artificial Nose) where patients’ exhaled breath samples were tested for COVID-19.

NaNose Medical technology, based on the artificial nose developed at the Technion Israel Institute of Technology, has the same sensitivity to minute quantities of Volatile Organic Compounds (VOCs) as a dog’s nose. It has been tested by the Technion since 2017 to identify diseases including Parkinson’s, cancers, kidney failure, multiple sclerosis and infectious diseases such as COVID-19. NaNose Medical collected samples from 130 patients and sent nanomaterial sensor data to BrainChip’s Research Institute in Perth, Western Australia, which configured and trained its Akida™ neuromorphic processor to interpret the data using AI/ML. The system detected the instances of COVID-19 between a disease group and a healthy control group and Akida learned to recognize patterns of VOC biomarkers associated with an infection within seconds with a high level of accuracy in a minimal time frame. NaNose Medical is currently collecting samples from three primary worldwide locations and will work with BrainChip to evaluate the data.

A study in China confirmed that breath sensor data is more accurate than the reverse transcription polymerase chain reaction (RT-PCR) test typically used. Accurate testing is key at early stages, even before symptoms manifest, and after treatment before patients are discharged into their communities.

Using the NaNose Medical sensor array to collect the data, and Akida to perform the diagnosis, can have a higher rate of reliability than current testing methods and poses less risk to medical professionals because no saliva or mucus samples are collected. COVID-19 is known to be spread through respiratory droplets, and more recently has been confirmed to be airborne.

Because Akida’s “Edge AI” is a complete neural processor that does not require an external CPU, memory, or Deep Learning Accelerator (DLA), and because it is ultra-low power, it offers a realistic opportunity for an inexpensive hand-held diagnostic testing tool akin to a breathalyzer.

“Artificial intelligence in medicine and healthcare is an emerging field and one in which we are eager to contribute with our edge AI processing solution at the Edge, for the benefit of science and humanity,” said Louis DiNardo, BrainChip CEO. Both Louis DiNardo, Brainchip CEO and Orit Marom Albeck, NaNose Medical CEO said: “Using the NaNose Medical artificial nose, and Akida’s artificial brain, is a potential breakthrough in accurate, fast, inexpensive, widespread testing with the potential to control outbreaks and reduce this disease’s death toll.”

AI/ML is transformational in medical and healthcare, from bioscience research and pathology to primary care. Akida neuromorphic computing and advanced neural networking processors support new and evolving uses such as identifying disease markers in blood or breath, detecting abnormalities in X-rays, CT scans, and MRIs, cancer diagnostics, device/sensor data, and more.

Akida brings artificial intelligence to the edge in a way that existing technologies are not capable of. The solution is high-performance, small, ultra-low power and enables a wide array of edge capabilities. The Akida Neuromorphic System-on-Chip, licensable IP, and Akida Development Environment machine learning framework are targeted for applications and devices including Smart Home, Smart City, Smart Healthcare and Smart Transportation.

About Brainchip Holdings Ltd

BrainChip is a global technology company that is producing a groundbreaking neuromorphic processor that brings artificial intelligence to the edge in a way that is beyond the capabilities of other products. The chip is high performance, small, ultra-low power and enables a wide array of edge capabilities that include on-chip training, learning and inference. The event-based neural network processor is inspired by the spiking nature of the human brain and is implemented in an industry standard digital process. By mimicking brain processing BrainChip has pioneered a processing architecture, called Akida™, which is both scalable and flexible to address the requirements in edge devices. At the edge, sensor inputs are analyzed at the point of acquisition rather than through transmission via the cloud to a data center. Akida is designed to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory and smart transducer applications. The reduction in system latency provides faster response and a more power efficient system that can reduce the large carbon footprint of data centers.

ARANZ Medicals Silhouette system becomes a national platform for wound telehealth assessments

ARANZ Medicals Silhouette system becomes a national platform for wound telehealth assessments

The US Department of Veteran’s Affairs (VA) is establishing ARANZ Medical’s Silhouette solution as a VA national platform, enabling more VA Medical Centers to utilize Silhouette in their wound telehealth programs.

Since 2010, the Silhouette wound imaging, measuring and documentation solution (Please visit https://www.aranzmedical.com/silhouette-demonstration-videos/ for more information) has been deployed in an increasing number of VA facilities.
This new agreement, secured through ARANZ Medical’s distribution partner Iron Bow Technologies, LLC, includes a national server as well as new hardware and software upgrades that will make it easier for both existing and new Silhouette users to securely document and share their patients’ healing data.

Telehealth solutions can provide significant advantages for both patients and providers, including reducing the cost of care, reducing waiting times for patients, and providing improved patient experiences and satisfaction. Silhouette provides such telehealth capabilities for wound and skin care making it easier for patients with mobility restrictions to get the specialized care they need without unnecessary travel and disruptions.

Bruce Davey, ARANZ Medical’s CEO says, “We’re thrilled to have a national server agreement with the VA as it will enable more sites to more effectively employ Silhouette significantly improving care available to veterans with wounds. The Silhouette software and hardware upgrades will provide VA sites with our latest imaging, measuring and documentation functionality.”

ARANZ Medical’s customers in New Zealand, Singapore, Australia, England, and the United States are all utilizing Silhouette as a telehealth solution in their communities.

About ARANZ Medical

ARANZ Medical is a medical device company focused on innovative medical image-capture devices and recording, reporting and analysis software. The company’s solutions are primarily used to document chronic wounds and skin conditions, and are well suited to both clinical trial and clinical practice applications.

 

RapidAI Breaks New Ground And Expands AI-powered Vascular Imaging Globally

RapidAI Breaks New Ground And Expands AI-powered Vascular Imaging Globally

RapidAI, the leader in advanced cerebrovascular imaging, announced record-shattering 2020 milestones for the company and industry, as well as an expansion of its scope into the larger vascular market. As RapidAI momentum built around the world, in addition to new products, partnerships, and awards, 2020 saw the company expand from stroke to aneurysm and lay the groundwork for other vascular diseases, both acute and non-acute. The RapidAI footprint grew to over 60 countries, with its technology utilized in over 1,800 hospitals.

RapidAI offers the most-widely used advanced cerebrovascular imaging products for patient care, research, and clinical trials across the globe. RapidAI clinical products help save lives. In 2020, RapidAI workflow and messaging technologies helped stroke teams save time, and RapidAI analytics and business intelligence products began helping stroke networks reduce costs and improve patient outcomes.

“2020 was such a challenging year for so many around the world, it’s gratifying that our growth and success meant many more lives saved from cerebrovascular disease across dozens of countries,” said Don Listwin, CEO of RapidAI. “Last year we expanded our global footprint, we introduced important new technologies, we helped hospitals understand their businesses better, we made our first strategic acquisition, and we expanded our scope from stroke to include other vascular illnesses, such as aneurysm and pulmonary embolism. With 2020 in the books, we join the world in looking toward a brighter 2021.”

RapidAI Growth:

  • Building on years of profitability, announced a $25 million Series B, to accelerate strategic growth initiatives around the world
  • Acquired EndoVantage and expanded scope to address aneurysm
  • Expanded to 60 countries, including Australia and Argentina
  • Worldwide adoption of the Rapid® platform reached 1,800 hospitals
  • Processed more than 1,000,000 stroke imaging scans in 2020 alone, more than a 1,900% increase over 2017
  • Achieved greater than 100% year-over year increase in patients scanned
  • Became RapidAI. The company that leads AI-enhanced stroke imaging around the globe, embraced the future with a new brand and website, RapidAI.com
  • Rapid LVO became one of the first software products to qualify for the New Technology Add-on Payment (NTAP), a significant advancement in stroke care reimbursement
  • Launched the RapidAI Technology Partner Program
  • Partnered with Penumbra, for expansion into pulmonary embolism

“RapidAI’s credibility can be assessed from the fact that their solutions are used by over 1,800 hospitals in over 60 countries, and them being profitable since their founding year – an extremely rare occurrence in the imaging AI sector,” said Parth Shah, Senior Research Analyst at Frost & Sullivan. “Not resting on their laurels, in 2020 RapidAI added features to their solutions to address the workflow for stroke interventions, thus providing an end-to-end capability from triaging to intervention. Ultimately this will result in even faster time to treatment, further enhancing patient outcomes and reducing long-term costs.”

RapidAI Innovation:

  • Rapid ASPECTS received Food and Drug Administration (FDA) clearance as the first neuroimaging analysis device in the CADx (Computer-Assisted Diagnostic software) category. Rapid ASPECTS is the only neuroimaging product shown to improve physicians’ interpretations of Non-Contrast CT (NCCT) scans using a standardized ASPECT score
  • RapidAI offered Rapid Aneurysm, a comprehensive aneurysm management platform
  • Rapid LVO received FDA clearance for detecting suspected Large Vessel Occlusions. Rapid LVO helps physicians speed up triage or transfer decision-making
  • Introduced RapidAI Insights, a valuable solution for multi-site systems and referral networks looking to standardize stroke care processes and optimize operational efficiencies that help to reduce costs across sites, while simultaneously improving patient outcomes and saving more lives
  • Launched the Rapid Web App, which offers stroke teams a convenient way to view notifications of new cases, preview Rapid results and source files, and enable workflow communications among team members via their desktop or laptop

RapidAI Awards:

RapidAI received the 2020 Global Company of the Year Award from Frost & Sullivan
RapidAI won a Minnie. AuntMinnie.com named RapidAI The Best New Radiology Vendor of 2020
RapidAI was awarded the 2020 Global Growth, Innovation & Leadership Frost Radar Award

Mercy and Humana Team Up to Expand Access to Virtual Health Services and Coordinated Care

KareXpert Brings Virtual Care Platform Technology For A Group of Healthcare Professionals

Missouri-based Mercy and leading health and well-being company Humana Inc. (NYSE: HUM) have signed an agreement to expand patient access to virtual health resources as part of a broader, joint effort to provide more holistic care to Humana Medicare Advantage members. These goals are especially vital given the challenges presented by the COVID-19 pandemic.

The new initiative offers convenient care options for Humana Medicare Advantage members who are patients of Mercy’s more than 4,000 integrated primary and specialty care clinicians in Arkansas, Kansas, Missouri and Oklahoma. Now in effect, the value-based agreement expands upon Mercy and Humana’s existing network contract, which continues to provide in-network access at all Mercy hospitals, outpatient facilities, and physician practices.

Key features of the collaboration include:

Mercy Virtual: Humana Medicare Advantage members now have in-network access to this comprehensive virtual resource, often called a “hospital without beds.” Staffed with more than 300 clinicians, it offers 24/7 care, such as virtual primary care in the home. Mercy Virtual’s services are an innovative, patient-centric model that provides care to patients when and where they require it.
Value-Based Care: Mercy and Humana have entered into a contract to provide care that addresses the health of the whole patient. Payment to Mercy physicians by Humana is linked to providing quality care in order to improve the patient experience and health outcomes. This differs from traditional “fee-for-service” models, by which payment is based on the quantity of services clinicians provide.

“Mercy is committed to working with our communities to improve health care while also reducing the total cost of care,” said Shannon Sock, Mercy executive vice president, chief strategist and chief financial officer. “Strong payor relationships, like this one with Humana, will help in our long-term journey to provide more seamless care for our patients. Together we can make a real difference for patients, which is especially critical during this pandemic.”

“This agreement unites two organizations striving to offer care that is more accessible, personalized and coordinated – a commitment that is more important than ever right now,” said Jeremy Gaskill, Humana regional Medicare president. “We’re pleased to broaden our efforts to improve the health and well-being of people in the communities we serve by teaming up with Mercy, an organization that shares our dedication to innovation in health care.”

Humana has an extensive and growing value-based care presence. As of Dec. 31, 2020, Humana has more than 2.7 million individual Medicare Advantage and commercial members who are cared for by more than 67,000 primary care physicians in more than 1,000 value-based relationships across 43 states and Puerto Rico. As of January 2021, Humana’s total Medicare Advantage membership is more than 4.8 million members, which includes members affiliated with providers in value-based and standard Medicare Advantage settings.

B. Braun Receives the First and Only FDA Approval for Acetaminophen Injection in Multiple Doses

B. Braun Receives the First and Only FDA Approval for Acetaminophen Injection in Multiple Doses

B. Braun Medical Inc. (B. Braun), a leader in infusion therapy and pain management, announced that they have received approval from the U.S. Food & Drug Administration for the first and only Acetaminophen Injection available in multiple doses.

Acetaminophen Injection, manufactured by B. Braun in Irvine, California, is available in our sturdy, flexible PAB® IV Bags in both 1,000 mg in 100 mL and 500 mg in 50 mL doses. Our PAB® IV bags are not made with PVC, DEHP or latex.

“With the approval of Acetaminophen Injection, we are pleased to offer healthcare providers a safe, effective and affordable treatment option,” said Angela Karpf, MD, Corporate Vice President of Medical Affairs. “The convenient PAB® IV container, which is not made with PVC, DEHP or latex, adds another layer of safety for patients, healthcare workers and the environment.”

B. Braun’s Acetaminophen Injection is manufactured using dual-sourced Active Pharmaceutical Ingredients (API) to mitigate potential supply risks. ”Acetaminophen Injection is the first of multiple injectable drugs B. Braun plans to launch in the coming years to help meet the needs of patients for medications in high demand,” said Leigh Nickens, Director of Marketing, Fluid Therapy & Injectable Drugs “It represents our commitment to improve the security of supply by manufacturing pharmaceuticals in the United States at our newly expanded and modernized facility in Irvine, California.”

ABOUT ACETAMINOPHEN

INDICATIONS AND USAGE
Acetaminophen Injection is indicated for

the management of mild to moderate pain in adult and pediatric patients 2 years and older
the management of moderate to severe pain with adjunctive opioid analgesics in adult and pediatric patients 2 years and older
the reduction of fever in adult and pediatric patients.

CONTRAINDICATIONS
Acetaminophen is contraindicated:

in patients with known hypersensitivity to acetaminophen or to any of the excipients in the intravenous formulation.
in patients with severe hepatic impairment or severe active liver disease

Refer to Package Insert for prescribing information

About B. Braun

B. Braun Medical Inc., a leader in infusion therapy and pain management, develops, manufactures, and markets medical products and services to the healthcare industry. Other key product areas include nutrition, pharmacy admixture and dialysis. The company is committed to eliminating preventable treatment errors and enhancing patient, clinician and environmental safety. B. Braun Medical is headquartered in Bethlehem, Pennsylvania and is part of the
B. Braun Group of Companies in the U.S., which includes B. Braun Interventional Systems, Aesculap® and CAPS®.

Globally, the B. Braun Group of Companies employs more than 64,000 employees in 64 countries. Guided by its Sharing Expertise® philosophy, B. Braun continuously exchanges knowledge with customers, partners and clinicians to address the critical issues of improving care and lowering costs. To learn more about B. Braun Medical, explore our website.

Withings Health Solutions Launches Cellular Devices To Eliminate Telehealth Pain Points For Healthcare Professionals And Patients

Withings Health Solutions Launches Cellular Devices To Eliminate Telehealth Pain Points For Healthcare Professionals And Patients

Withings, an early pioneer of the connected health revolution, takes another step to bridge the gap between patients and health professionals, unveiling a new business-to-business range of cellular-connected devices designed to eliminate significant pain points of remote patient monitoring. The Withings Body Pro cellular smart scale and Withings BPM Connect Pro cellular blood pressure monitor significantly streamline the telehealth process by working straight out of the box, requiring no setup, and automatically transmitting accurate, secure data to health professionals.

The COVID-19 pandemic has increased the need for telehealth and at-home monitoring solutions. However, while technology is telehealth’s driving force, it is often a barrier to wide-spread use by patients of all ages, tech proficiency levels and located in areas with limited internet infrastructure. Professional telehealth programs largely fail to reach their potential as product setups, connectivity requirements and the need for smartphones and apps often result in the breakdown of programs.

Withings has more than a decade of experience creating elegantly designed medical-grade devices that fit seamlessly into consumer lifestyles. With features designed to encourage ongoing use, it boasts some of the best user retention rates on the market and is the number one smart scale manufacturer in the United States. Leveraging this expertise, Body Pro and BPM Connect Pro address specific needs of telehealth and allow health professionals to furnish patients with devices that overcome installation and retention problems, motivating them to continue use long-term.

“For telehealth and remote patient monitoring to be successful for health professionals, they must have access to continuous, reliable and accurate at-home data that is collected, transmitted and analyzed in a frictionless, consistent manner,” said Antoine Robiliard, vice president of Withings business-to-business division, Health Solutions. “Connected health products have a central role to play. For optimal results, they must be simple for anyone to use, drive engagement, take medical-grade measurements, be consistently used by patients, and must autonomously transmit private, secure data. Our new cellular range addresses these issues to help bridge the gap between patients and healthcare professionals and increase the effectiveness of their telehealth programs.”

New Cellular Range

The Withings cellular product portfolio is packed with the market leading features expected from a company with tens of millions of users. Body Pro smart scale uses patented technologies to provide highly accurate weight assessments and is designed to work on all floor surfaces. Additionally, Body Pro has thoughtful design elements, such as providing the daily local weather forecast and weight trends, to encourage users to regularly step on the scale and build lasting habits.

BPM Connect Pro is an advanced at-home blood pressure monitor that provides precise blood pressure readings in moments. Extremely compact, the cuff is lightweight and easy to put on and use, making it simple to carry anywhere and build lasting habits. During readings, it displays results directly on the device via a state-of-the-art LED matrix screen.

Body Pro and BPM Connect Pro make remote patient monitoring simple for patients and professionals alike and offer:

  • Accurate Readings in Moments: Users can get accurate, medical-grade readings in just moments and have immediate feedback after every use.
  • Multi-connectivity Allows Seamless Data Transfer: Thanks to their cellular connectivity, Body Pro and BPM Connect Pro send data instantly to physicians and care providers without any additional steps required from their patients. The Withings Pro line has Wi-Fi and Bluetooth built-in as alternative options to ensure that patient readings are being transmitted daily, even for patients in locations with limited cellular connection. This also allows users to keep using their devices once the programs they are part of end, helping to build more sustainable use.
  • Limited Upkeep Required: In addition to being ready-for-use right out of the box, both devices come with extended battery lives to eliminate the need for frequent charging. Body Pro offers a 12-month battery life, and BPM Connect Pro is rechargeable with a six-month battery life with a single charge.
  • HIPAA Compliant: Withings Health Solutions products and services are fully HIPAA compliant.
  • Third-Party Integration: API and SDK integrations allow Withings devices and data to be integrated into partners’ apps and ecosystems. In addition, Body Pro can be customized to display the partner logo on its screen after each weigh-in.
  • CPT Eligible: Health professionals and practices using Withings Pro devices for chronic care management and/or remote patient monitoring can qualify for reimbursement of up to $1,900 per patient per year.

Withings Health Solutions works with health professionals, hospital networks, chronic condition management programs, and remote patient and coaching programs to manage every aspect of device delivery and ongoing support. They can be ordered and delivered directly to patients or supplied to central customer locations. For further information and pricing, please visit withings.com/body-pro and withings.com/bpm-connect-pro.

About Withings Health Solutions
Health Solutions is connected health leader Withings division dedicated to healthcare professionals across chronic disease management, remote patient monitoring, clinical research and more. Its mission is to bridge the gap between patients and their care teams by continuously and effortlessly providing healthcare professionals with medical-grade data generated by patients from an ecosystem of connected devices. Withings ecosystem includes connected scales, blood pressure monitors, an advanced sleep system, a smart temporal thermometer and hybrid smartwatches, which all provide the richest array of accurate real-world data. It also includes data connectivity options as well as a remote patient monitoring platform. For more than a decade, Withings has built an expertise in user experience, engagement and retention. Withings Health Solutions extends this expertise to the healthcare industry to remove friction in the patient’s journey and allow for telehealth to expand.

Ashfield Engage and Popit partner to improve patient adherence through supplemental real-time personalized support

Ashfield Engage and Popit partner to improve patient adherence through supplemental real-time personalized support

Ashfield Engage, part of UDG Healthcare plc, today announces it has partnered with Popit, a digital health company, to improve patient adherence in oral solid dosage (OSD) treatments and advance supplemental personalized patient support.

The collaboration brings together Popit’s novel monitoring technology, and Ashfield Engage’s patient support programs, to proactively respond to patients’ needs and tailor their reminders accordingly.

The Popit Sense™ device is attached to a pill sheet and uses patented technology to monitor missed doses and send alerts to patients via a smartphone app. The data is also transmitted to healthcare providers and support partners such as Ashfield Engage. Now enriched with this real-time data, Ashfield Engage can easily identify which patients require extra support.

As well as providing support through the app, Ashfield Engage will leverage its expert call center teams to reach out to patients to discuss any challenges with their medication.

Ian Riches, Global Vice President, Patient Solutions at Ashfield Engage, explained:

“Prior to Popit’s technology, a large group of OSD patients were not getting the support they needed. While the majority of patients are adherent, those with a need for support can now be quickly identified and we can engage with them in a way that was previously not possible, which is really exciting.

“While typically patient data is only collected up to the point of prescription, we can now support patients throughout their treatment in real-time. By partnering with Popit we have a digital solution that enables rapid, personalized support to increase patient adherence and significantly improve patients’ health and wellbeing in the long term.”

Popit Sense technology is already being leveraged by many large pharmaceutical organizations, including Pfizer, Almirall and Novartis.

Timo Heikkilä, COO and Co-Founder of Popit, added: “Our solution provides a wealth of invaluable data for healthcare providers, and pharmaceutical organizations and we have seen excellent results following its adoption.

“By partnering with Ashfield Engage, we can now advance that service, and provide not only the data, but the direct follow up support to those patients in need. We are thrilled about this collaboration and look forward to supporting the large patient population reliant on OSD treatments. We see this as a really important step towards building better, more connected healthcare solutions that truly benefit patients’ health.”

About Ashfield

Ashfield, part of UDG, is an integrated healthcare services partner, offering a breadth of services across strategic consulting, benchmarking, commercialization, customer engagement, events, marketing and communications.

Ashfield comprises of three clearly defined, integrated business units: Ashfield Advisory, Ashfield Engage and Ashfield Health. Together, the Ashfield team uses imagination, strategy and action to redefine and deepen client partnerships, reimagine health and improve lives.

Ashfield   has   carefully   curated   its   business   through   the   acquisition   of   22 companies and is committed to offering streamlined services to best meet its clients’ needs. With a presence in more than 50 countries, over 7,000 employees strive to provide best-in-class service for more than 300 clients, including the top 30 global pharmaceutical companies.

 

About Ashfield Engage

Ashfield Engage, part of UDG Healthcare plc, is an expert, global partner in customer strategy and execution. Ashfield Engage helps clients connect with all healthcare audiences to ensure people get knowledge, support and medicines when and where they need them. As experts in strategic engagement, Ashfield Engage creates personalized, impactful experiences, across all channels. Every program is underpinned by human connections, omnichannel engagement and adaptive analytics.

Ashfield Engage has over 20 years’ experience with a team of over 5,000 employees, delivering services in more than 50 countries. Offering services across Medical Affairs, Market Access, Commercial, Patient Solutions and Event Experiences, Ashfield Engage helps its clients to engage with their stakeholders across the whole commercialization journey. Under the Ashfield umbrella, Ashfield Engage sits alongside Ashfield Advisory and Ashfield Health.

 

About Popit

Popit is a pioneer in improving patient adherence through smart consumer devices. The Company is dedicated to improving adherence by digitalizing medication, a major opportunity that benefits patients, patient support programs, healthcare payors and the pharmaceutical industry. Popit works with the world’s leading pharmaceutical companies in executing against this vision.

Medica, Integral Diagnostics establish joint venture ‘MedX’ to provide teleradiology services

Medica, Integral Diagnostics establish joint venture 'MedX' to provide teleradiology services

Medica Group Plc, the UK and Ireland market leader in the provision of teleradiology services, and Integral Diagnostics Limited, a leading provider of medical imaging services across Australia and New Zealand, announced an equal joint venture (JV) partnership, MedX, to provide teleradiology reporting services and increased reporting capacity in Australia, New Zealand, the UK and Ireland.

The primary short-term focus will be for MedX to provide access to a pool of dual-qualified radiologists who are able to operate in both markets and will support both companies’ acute, out-of-hours reporting services. The two partners will also collaborate in areas of mutual interest, including deployment of augmented intelligence (AI) solutions. In future, there will be potential to expand the scope of the JV, including combining Integral Diagnostics’ existing reporting capabilities and resources with Medica’s experience in teleradiology, meaning MedX will have the potential to bid directly for teleradiology reporting contracts using its combined network of reporters. In time, there is also potential for MedX to leverage its scalable and secure operating model and reporting system to offer its services outside of its core markets such as UK, Ireland, Australia and New Zealand.

MedX will be registered in Australia and the Board will comprise Integral Diagnostics’ CEO, Dr. Ian Kadish, and Chief Financial and Commercial Officer, Anne Lockwood, as well as Medica’s CEO, Stuart Quin, and CFO, Richard Jones.

“Establishing MedX in partnership with Integral Diagnostics will provide significant operational benefits for Medica for a modest investment and is testament to our continued desire to expand the geographic reach of our teleradiology services. Both companies share a joint culture underpinned by a focus on quality and an ambition to grow and develop our organisations. Medica will be able to capitalise on the JV’s shared expertise and market access to support the growth of our NightHawk reporting service and take advantage of the exciting teleradiology market opportunity in Australia, New Zealand and potential opportunities in other international markets”, Dr. Stuart Quin, CEO Medica Group, said.

“Integral Diagnostics is pleased to enter this JV with one of the world’s premier teleradiology providers. MedX significantly enhances the capacity and reach of the JV partners and enables us to more comprehensively serve existing markets, as well as potentially to enter new markets. The JV partners share a culture committed to quality patient care and service, and we look forward to harnessing the JV for the benefit of our patients and referrers”, says Dr. Ian Kadish, CEO of Integral Diagnostics.

A Crisis Not To Go To Waste – Healthcare Provider Efficiency in a Post COVID-19 Market

A Crisis Not To Go To Waste -  Healthcare Provider Efficiency in a Post COVID-19 Market

The COVID-19 crisis brought the US healthcare system into stark public focus. While no question the pandemic has exposed the industry’s weaknesses, it also exposed its strengths and its ability to innovate.

Overall, I must say the healthcare system in America has performed very well and the hardworking professionals who comprise it are to be congratulated.

However, and what is critically important in looking ahead – COVID-19 also initiated and accelerated consumer behavioral changes that are here to stay – Health care providers need to be aware of these trends and leverage them to their utmost advantage.

As the US healthcare system shifts from crisis into recovery mode, catches up on deferred elective procedures and ultimately, recovers financially, it is important to imagine what a post COVID-19 “new normal” might look like.  The pandemic exposed unacceptable weakness in the healthcare supply chain, yes, with basic PPE, medications, chemicals, etc. becoming quickly unavailable, but it also primed the population to accept remote delivery of healthcare services.

In 2021, we remain in crisis. However, this is a crisis that should not go to waste but rather drive much needed operational changes for our future.

WANTED: Improvements to the Supply Chain, for both Diversity and Cost

While the 2020 medical supply crisis should be a sufficient-enough reason to address the problem at a governmental and national security level, individual healthcare provider organizations clearly cannot rely on that alone and should act independently and quickly.

Hospitals and other large healthcare providing organizations have historically been far from world class in supply chain management and strategic sourcing. Rather than building the skills required, they have often outsourced the function to Group Purchasing Organizations (GPOs), assuming they will solve it for them.

GPOs however have obvious conflicts of interest in how they get compensated for their services; pricing is not transparent, and they do not drive innovation for their buy-side clients. Purchasing economies of scale are overestimated and do not create sufficient conditions for supply chain excellence.  While GPOs can have benefits for smaller hospitals, their rates are mostly semi-public volume discount schedules, whereas the best supplier deals are always customer-specific, privately negotiated and confidential.

Healthcare providers must create strategic sourcing capabilities on par with any other industry, given the enormous volume of strategic purchases that they make. The lack of supply chain robustness exposed in 2020 creates an impetus to act, but the analytical work required to design and source a targeted supply chain will also result in significant cost savings in future.

Best practices here involve standardizing demand specifications, designing appropriately disaggregated pricing bases, conducting rigorous bidding processes, and negotiating and contracting for long-term competitive advantage and incentive alignment.

Few healthcare provider organizations do this today nor have the capability in house. This scenario must improve.

The Time to Embrace Remote Service Delivery Options Is Now

Healthcare providers responded to COVID-19 by quickly offering long overdue remote service delivery options that enhanced patient convenience and safety. These innovations are certainly here to stay, and providers should embrace new delivery models post COVID-19.

Since much of the knowledge workforce is now able to work remotely, certain segments will certainly continue to do so in the long-term and healthcare providers should accommodate for this. Smart providers will embrace this trend, make the necessary investments and use remote service delivery as a competitive tool to reduce costs as well as enhance patient utility.

The Key Customer: Employers

Employers are the ultimate economic customers of healthcare providers. They are constantly looking for efficiencies and will take advantage of geographical arbitrage opportunities in both pay rates and medical benefits.

Employers also have more degrees of freedom to manage their workforces post COVID-19, as knowledge work has become location independent. As they manage these geographically dispersed workforces, they will increasingly focus on taking advantage of the geographic differences in healthcare services prices, as well as utilization patterns (i.e., employees self-selecting into healthy vs. unhealthy lifestyles / cities).

Insurance carriers have historically focused on creating national networks that they sell to employers in big clusters, e.g. regions where an employer has employees; now, workforce networks are becoming more dispersed and will require a different approach.

In 2021, Employers Demand Greater Transparency

While the HHS Rule “Requiring Health Insurers to Disclose Price and Cost-Sharing Information” that came into effect in January 2021 will make for some interesting headlines about wide price ranges for identical services, it will not create an efficient market for healthcare. Patients won’t care about “shoppable” prices for services they don’t really pay for; however, the HHS Rule provides an impetus for employers to finally look under the covers of healthcare costs and ask the right questions.

Healthcare sourcing efforts traditionally relied on intermediaries such as benefits consultants or health insurance companies and involved varying degrees of bundling of administrative services, healthcare services, pharma, and risk wrappers. The demand profiles are usually represented as sets of demographic risk pools with group preference options for plan-design features such as PPO, HMO, co-pays, etc.  This approach is fundamentally flawed, as it does not uncover the actual cost of services at a granular level and is therefore not consistent with good strategic sourcing practices that are commonly utilized for strategically important purchases.

Analytically, health care sourcing is a network design problem: Providers deliver services to patients that are time and location dependent, while patients have service level requirements (e.g., elective vs. acute) and customer preferences (i.e. provider choice, co-pays and coverage limits.) which are all subject to performance requirements. Like any network design solution, the cost of each service, response time, service levels, and locations are input variables to the optimization and must be determined via granular competitive sourcing directly from providers, including hospitals, physician groups, pharma.

This approach is not about ‘direct employer contracting vs. insurance intermediated’. It does not presume a solution, but rather advocates for a more rigorous and transparent analytical perspective.

For employers, it’s the recognition that HR benefits are strategic and therefore must be managed proactively. For providers it’s the recognition that their supply chain is not robust, substantial cost savings are available and that GPOs are not the solution.

While this is nothing new, the market seems to be ready for a new approach. The confluence of remote working and remote healthcare delivery combined with HHS transparency rules and the pervasive availability of sophisticated analytical techniques, will drive employers to treat healthcare more like any other critical service purchase.

Providers that have ultimately read the tea leaves of 2020 should be in pole position in 2021 within the industry, having a strong understanding of their costs, risks yet moreover opportunities, well poised with relative competitive advantage.

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Semi-Truck Accidents: How Long Does It Take To Get a Settlement?

Semi-Truck Accidents: How Long Does It Take To Get a Settlement?

Truck accidents are all too common, and there are many road hazards that long-haul truckers face daily. Truckers face inclement weather, inattentive drivers, and mechanical issues that can make an accident inevitable. Avoiding these accidents and getting help immediately in case of an injury is key to getting back on the road again.

The Most Common Causes of Truck Accidents

Driving conditions can be unpredictable. Between inclimate weather and incidents of drunk driving, truckers are likely to encounter all kinds of accident risks. These are just three of the most common causes of truck accidents:

Air Brake Malfunctions

Most 18-wheeler semis have air brakes, which typically stop a fully loaded truck in about 100 feet. When these brakes malfunction, they can cause these massive vehicles to go barreling down the highway out of control. This can lead to a serious or even deadly accident.

Even if the driver pumps the brakes, it can still take more time than is safe to stop. The trucker’s employer should ensure that the air brakes are maintained regularly and should be held responsible should an air brake accident occur.

Rollover Accidents

If the weight is not distributed evenly in the trailer, trucks can roll over, resulting in a serious accident that can sometimes be fatal. When the truck starts to slide, the driver can lose control and hit a guardrail, another car, or even a curb and roll over onto its side.

Truckers are often hurt in these accidents, and it can take months of physical therapy to recover from them. If the truck was loaded incorrectly or there was other negligence, the shipper can be held liable.

Overloaded Cargo

In most states, there are limits to how much cargo trucks can haul. The usual max is 80,000 pounds fully loaded. When the shipper overloads the truck, it can cause difficulties when the truck is climbing a steep hill or making a wide turn. Overloading a truck can cause a rollover accident, or cause the truck to collide with another vehicle.

Making a Trucking Accident Claim

If you have been hurt in a trucking accident, there are many people who may be at fault. The shipper may have improperly loaded the truck, leading to an accident. In other cases, the employer may have failed to properly maintain the truck, making it unsafe to drive. In still other cases, another driver’s reckless driver can lead to an accident.

The consequences of a truck accident can be severe. Not only can the driver become injured, he can also lose time from work, leading to a loss of income. If the trucker is an owner-operator, he can face huge repair bills and an insurance increase. When there has been a truck accident, the right people need to be held accountable.

How Long Does It Take To Get a Settlement?

When you have received a settlement, your first thought may be how long it will take to be paid. After all, you may have medical bills and repair bills piling up. You will need your money quickly in order to get back to your life before the accident. The short answer is that it depends.

If the case was open and shut, the parties reach an agreement quickly and the insurance company is not filing an appeal, you may see a payout in as little as a month. On the other hand, if there were serious injuries, multiple parties involved and an insurance company digging in its heels, it could take more than a year to reach a settlement and get your cash.

If you’ve been hurt don’t know how to determine fault in truck accidents, a personal injury lawyer can help. Pick a firm that specializes in truck accident claims. They should have experience helping many truckers get the compensation they deserve. Your lawyer can even work with insurance companies and should know the inner workings of the legal system. If you have been involved in an accident, don’t talk to the insurance companies without talking to a lawyer first.

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