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Canon Medical Systems enters agreement with R-Pharm Holding for strategic partnership in the territory of the Russian Federation

Canon Medical Systems

Canon Medical Systems Corporation (Headquarters Otawara, Tochigi Prefecture, Japan; President and CEO: Toshio Takiguchi) has agreed to establish a framework with R-Pharm Holding (a part of R-Pharm Group, headquarters: Moscow, Russia; Chairman and President Alexey Repik), a leader of Russian healthcare market, to promote sales of diagnostic imaging systems manufactured by Canon Medical Systems, and to localize Canon’s medical equipment production at R-Pharm’s facilities in Russia.

Canon Medical Systems has the top market position in Japan and a strong market position globally in diagnostic imaging systems such as CT, MRI, and ultrasound. The company provides medical equipment and services to over 150 countries around the world.

In 2015, in cooperation with I.M. Sechenov First Moscow State Medical University and A.L. Myasnikov Institute of Clinical Cardiology, Canon Medical Systems participated in the project to establish the Russia-Japan Cardiac Imaging Training Center. Using cutting-edge Japanese medical systems, the Center’s training program for Russian physicians will help to improve cardiovascular diagnosis and treatment techniques. Through its participation in the project, Canon Medical Systems is contributing to the further expansion of healthcare in Russia.

R-Pharm Group is one of the leaders of the Russian healthcare market. It employs more than 3,000 highly qualified professionals. The company operates throughout the Russian Federation, CIS member states, USA, Germany, Japan and other countries. R-Pharm specializes in research and development, manufacturing and commercialization of high-tech medicines, laboratory supplies and medical equipment.

“I am grateful to reach this agreement of strategic partnership with R-Pharm.” said Toshio Takiguchi, president and CEO, Canon Medical Systems. “ We hope this collaboration between R-Pharm and Canon Medical Systems will contribute to further expansion of healthcare in Russia, as well as to Japan-Russia economic cooperation.”

“Agreement with Canon Medical Systems is another example of strong business ties between Russian and Japan. Our cooperation will bring new sophisticated technologies to the Russian market, increase the efficiency of country’s healthcare”, said R-Pharm’s chairman of the board Alexey Repik.

Based on its agreement with R-Pharm Group, Canon Medical Systems aims to contribute to higher-quality, more efficient healthcare in Russia through sales of diagnostic imaging systems manufactured by Canon Medical Systems, and through localization of medical equipment production at R-Pharm Group’s facilities in Russia.

About Canon Medical Systems Corporation
Canon Medical offers a full range of diagnostic medical imaging solutions including CT, X-Ray, Ultrasound and MR, across the globe. In line with our continued Made for Life philosophy, patients are at the heart of everything we do. Our mission is to provide medical professionals with solutions that support their efforts in contributing to the health and wellbeing of patients worldwide. Our goal is to deliver optimum health opportunities for patients through uncompromised performance, comfort and safety features.

At Canon Medical, we work hand in hand with our partners – our medical, academic and research community. We build relationships based on transparency, trust and respect. Together as one, we strive to create industry-leading solutions that deliver an enriched quality of life. For more information, visit the Canon Medical website: https://global.medical.canon/

CommonWell Health Alliance Awards Change Healthcare Six-Year Contract to be the Provider of Clinical Interoperability Services

Change Healthcare

Change Healthcare  announced that it has been awarded a six-year contract by CommonWell Health Alliance to continue to provide clinical interoperability services, including patient identification and record locator services (RLS), and document retrieval to CommonWell to support both treatment and patient access.

The new contract extends the existing five-year relationship, whereby CommonWell and Change Healthcare will jointly support clinical data interoperability for Americans, and paves the way for providing additional value-added services to benefit Alliance members and their participating clients, including some of the largest acute and ambulatory facilities in the nation. CommonWell already connects more than 13,000 provider sites, with records for more than 50 million unique individuals.

In recent years, market trends such as value-based payment and an increased focus on cost and quality transparency have driven the need for prompt and complete access to clinical information. Along with the expected final 21st Century Cures Act regulations, including the Trusted Exchange Framework and Common Agreement (TEFCA), there is now momentum for universal clinical records interoperability. This agreement builds upon five years of technology development and helps position CommonWell to support the Cures Act and the TEFCA goals around frictionless, inclusive interoperability.

“The extension of this relationship is a validation of the momentum we’ve gained toward patient-centric, universal interoperability helping to ensure that health information is shared securely and seamlessly across the entire care continuum,” said Kris Joshi, EVP and president, Network Solutions, Change Healthcare. “Alliances like this play a critical role in improving data exchange among industry stakeholders, and we’re honored to continue our partnership with CommonWell to enable broader use of interoperability capabilities. Change Healthcare is committed to advancing healthcare interoperability for all healthcare stakeholders, particularly patients and their caregivers.

By providing these services to CommonWell, Change Healthcare is paving the way for health IT interoperability that reduces cost barriers, meets federally mandated requirements, and sets the stage for new innovations to better address value-based payment and consumer needs.

“The vision of CommonWell has always been that health data should be available to individuals and caregivers regardless of where care occurs,” said Jitin Asnaani, executive director, CommonWell Health Alliance. “Our partnership with Change Healthcare has enabled us to rapidly grow our national network—a critical component for ubiquitous interoperability—as we work towards making this vision a reality. We look forward to this next phase of health data exchange as we continue our work together to empower clinicians, practitioners, and individuals to improve care coordination, the patient experience, and health outcomes.”

From its interconnected and market-neutral position at the center of healthcare, Change Healthcare provides scalable, secure, and always-on interoperability services using advanced technologies. These services protect patient privacy and enforce consent practices by leveraging open standards like FHIR, HL7, and open Application Programming Interfaces (APIs) to integrate with all relevant endpoints, including electronic health record systems and consumer facing healthcare applications, in accordance with evolving regulations.

Change Healthcare’s Intelligent Healthcare NetworkTM, one of the largest clinical and financial healthcare networks in the U.S., facilitates the transfer of data across healthcare providers, payers, pharmacies, labs, and consumers. Last year, it processed nearly 14 billion healthcare transactions, representing over $1 trillion in healthcare expenditures.

About CommonWell Health Alliance
CommonWell Health Alliance is a not-for-profit trade association of health care and technology organizations working together to create universal access to health data nationwide. CommonWell members represent more than 20 care settings, including market leaders and technology innovators in acute, ambulatory and post-acute care, patient portals, imaging, population health, emergency services and more. CommonWell and its members are committed to the belief that provider access to health data must be built into information technologies at a reasonable cost for use by a broad range of health care providers and the populations and people they serve.

To learn more about CommonWell Health Alliance, visit commonwellalliance.org. Engage with CommonWell on its blog, as well as through Facebook, LinkedIn and Twitter using the handle, @CommonWell. CommonWell Health Alliance® and the CommonWell Logo are registered trademarks of CommonWell Health Alliance Inc.

About Change Healthcare
change Healthcare is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system. We are a key catalyst of a value-based healthcare system, accelerating the journey toward improved lives and healthier communities.

New AI from Change Healthcare Can Help Providers Prevent Denials

 AI from Change Healthcare

Change Healthcare announced that it has applied its Claims Lifecycle Artificial Intelligence (AI) technology to its claims management suite with the introduction of Assurance Reimbursement Management™ Denial Propensity Scoring and Revenue Performance Advisor Denial Prevention. With performance enhanced by Claims Lifecycle AI, providers of any size can now proactively identify problem claims that could result in denials, and remediate potential issues before the claims are filed.

The AI infused in these applications can now help customers predict denials, optimize claims submissions, and provide actionable recommendations that enable providers to better mitigate denials before a claim is submitted. The results can be dramatic.

“We continue to build powerful AI solutions with accuracy on the foundation of our Intelligent Healthcare Network™,” said Nick Giannasi, Ph.D., executive vice president and chief artificial intelligence officer, Change Healthcare. “Our network is unparalleled in its scale and breadth of claims data. And making these AI-infused solutions available in the workflow of existing Change Healthcare solutions means that providers don’t need to purchase additional third-party applications or services, undergo training, or change their billing solutions to quickly reduce denial propensity.”

While studies have shown that the majority of denials are preventable, Change Healthcare’s analysis of 2018 data spanning more than 500 million service lines showed that Change Healthcare Claims Lifecycle AI could identify and flag up to 35% of denials prior to submission. This represents $6.2 billion in forecasted allowed amounts and millions in potential administrative savings from reduced re-work and appeals.

“This is the first application of artificial intelligence to predict and reduce denials that operates at scale,” said Marcy Tatsch, senior vice president and general manager, Revenue Cycle Management, Change Healthcare. “Bringing all of these capabilities together and preventing a significant burden is a real game-changer for revenue cycle management, which, until now, has been a more retroactively focused process.”

The Change Healthcare Claims Lifecycle AI service has been trained on more than 500 million service lines making up over 205 million unique de-identified claims data, which were de-identified consistent with customer contracts and applicable laws, that touch $268 billion in charges, which is unparalleled in its scope. The service leverages the company’s Intelligent Healthcare Network data from more than 2,200 payers, 5,500 hospitals/health systems, and across 900,000 physicians.

Claims Lifecycle AI for denials is now activated within Change Healthcare’s claims management suite, including Assurance Reimbursement Management (for hospitals and health systems, billing services, and other providers) and Revenue Performance Advisor (for physician practices, labs, home health, medical billing services vendors, and other providers). These solutions address the claims management needs for the entire provider ecosystem—from small to large practices, laboratories, durable medical equipment providers, and nursing homes up to hospitals and health systems.

Additionally, channel partners using the Intelligent Healthcare Network from Change Healthcare will be able to access these new claims management capabilities via the Change Healthcare API Marketplace.

About Change Healthcare
change Healthcare is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system. We are a key catalyst of a value-based healthcare system, accelerating the journey toward improved lives and healthier communities. Learn more at changehealthcare.com.

Ethicon Announces 510k Clearances for VISTASEAL Open and Laparoscopic Dual Applicator Devices Designed to Deliver Biologics That Address Surgical Bleeding

VISTASEAL

Johnson & Johnson Medical Devices Companies that Ethicon has received 510(k) clearance from the U.S. FDA for its VISTASEAL open and laparoscopic Dual Applicators (35 cm and 45 cm), three next generation airless spray devices that combine biologics with device technology to address mild to moderate surgical bleeding.

These biosurgery products are the first to emerge from a recently forged long-term strategic partnership between the global device maker and Grifols, a world leader in the production of plasma-derived medicines. Grifols developed the Vistaseal Fibrin Sealant (Human), and Ethicon’s devices are designed to deliver the two biological components of the product.

Beyond VISTASEAL, the partnership with Grifols will provide a supply of thrombin for Ethicon’s current products. In the future, it will mean even more advances in the field of adjunctive hemostats with the goal of reducing complications and improving the standard of care.

“Ethicon’s biosurgery portfolio offers a broad array of technologies that address intraoperative bleeding, which is among the most difficult challenges facing surgeons and their patients,” said Oray Boston, President, Worldwide Biosurgery, Ethicon. “Our partnership with Grifols will leverage our strengths in device technology with Grifols’ strengths in plasma-derived medicines to expand our portfolio and accelerate innovation in the fast growing field of biosurgery.”

Bleeding-related complications and perioperative fluid and air leaks adversely affect patient outcomes and increase healthcare costs. Studies show patients suffer from a growing number of comorbidities and other factors that increase the risk of surgical bleeding.1,2 An estimated 32 to 68 percent of cases in open surgery procedures experience disruptive bleeding events.3

Ethicon is working to standardize the use of adjunctive hemostats and sealants by offering the most appropriate product for each bleeding and leak site and situation. It is the only medical device company that provides a full range of both primary and adjunctive hemostats that address surgical bleeding.

The company’s current biosurgery portfolio includes the SURGICEL Family of Absorbable Hemostats, which is backed by more than 50 years of proven safety and efficacy and includes the latest addition, SURGICEL Powder, which provides efficient control of continuous oozing bleeding on broad surfaces. The portfolio also includes EVICEL Fibrin Sealant, which provides sustained hemostasis, demonstrated in high-risk patients, with effective clot formation regardless of patient coagulation profile and the SURGIFLO Hemostatic Matrix, which provides a matrix for platelet adherence to accelerate the formation of the platelet plug aiding in fibrin clot formation.

About Ethicon
Ethicon, part of Johnson & Johnson Medical Devices Companies, has made significant contributions to surgery for more than 100 years from creating the first sutures, to revolutionizing surgery with minimally invasive procedures. Our continuing dedication to Shape the Future of Surgery is built on our commitment to help address the world’s most pressing health care issues and improve and save more lives. Through Ethicon’s surgical technologies and solutions including sutures, staplers, energy devices, trocars and hemostats and our commitment to treat serious medical conditions like obesity and cancer worldwide, we deliver innovation to make a life-changing impact. For more information, visit www.ethicon.com.

About Johnson & Johnson Medical Devices Companies
As the world’s most comprehensive medical devices business, we are building on a century of experience, leveraging science and technology, to shape the future of health care. With unparalleled breadth, depth and reach in surgery, orthopaedics, vision and interventional solutions we are working to profoundly change the way care is delivered. We are in this for life.

NewYork Presbyterian Celebrates the Launch of The Hauser Institute for Health Innovation

NewYork Presbyterian

NewYork-Presbyterian recently held a dedication ceremony to celebrate the establishment of The Hauser Institute for Health Innovation, in recognition of the visionary philanthropy of longtime supporters Rita E. Hauser and Gustave M. Hauser. The Hausers have given more than $50 million to NewYork-Presbyterian in support of the Hospital’s innovation programs in health information technology and telemedicine since 2011.

“With the Hausers’ extraordinary support, NewYork-Presbyterian is transforming the way health care is delivered, using technology to put patients’ needs first and expand access to our world-class care,” said Dr. Steven J. Corwin, president and CEO of NewYork-Presbyterian. “We are deeply grateful to Rita and Gustave Hauser for their foundational leadership and partnership in making NewYork-Presbyterian a national leader in telemedicine.”

“We believe in the importance of harnessing technology to improve people’s lives, and we are delighted to support NewYork-Presbyterian’s efforts to expand access to their world-class care,” said Rita Hauser on behalf of the couple. “NewYork-Presbyterian is using advanced technologies to fundamentally change the way that health care is provided, making it more convenient and accessible to all.”

The Hausers’ vision and extraordinary generosity led to the creation of NYP OnDemand, NewYork-Presbyterian’s award-winning suite of telemedicine services, designed to expand access to the hospital’s world-class care. Today, NYP OnDemand, in collaboration with Weill Cornell Medicine and Columbia University Irving Medical Center, has grown to include more than 46 programs and allowed leading providers to care for patients during more than 230,000 visits.

The Hauser Institute for Health Innovation will have a profound impact on how care is delivered now and in the future by supporting innovation and pioneering research to benefit patients and bringing thought leaders together to advance knowledge in the digital health field. A key focus will be expanding telemedicine services deeper into the communities NewYork-Presbyterian serves to provide high-quality, convenient and affordable care with an emphasis on preventive health and wellness.

The Hauser Institute for Health Innovation at NewYork-Presbyterian will support the operations of NewYork-Presbyterian’s robust telemedicine programs, including:

NYP OnDemand, whose services, in collaboration with Weill Cornell Medicine and Columbia, allow patients to easily communicate with physicians from a mobile phone, tablet, computer, and even self-service kiosks at select Walgreens and Duane Reade stores throughout New York City. The suite includes Express Care, which has helped to reduce emergency department visit times; digital urgent care, where patients can access emergency medicine physicians through a live video chat; virtual visits, for pre- and post-follow-up appointments with their doctor without traveling to their offices; peer to peer consults between physicians; and second opinions, to help patients make informed decisions about their treatment or the care of a loved one. The Hausers’ support also led to enhancing NewYork-Presbyterian’s fleet of Mobile Stroke Treatment Units – emergency vehicles specially equipped to bring faster care to patients who may be experiencing a stroke – with advanced telemedicine technology to allow neurologists from NewYork-Presbyterian’s hospital locations to be consulted remotely and at a moment’s notice.

• Remote Patient Monitoring, helping physicians monitor patients under their care from a distance, which can reduce the length of hospital stays and preventable re-hospitalizations.

• Clinical Operations Center (CLOC), a remote monitoring system and command center that connects clinical care programs throughout the healthcare system and provides support for the entire system. At CLOC, registered nurses can track physiologic data of patients in the emergency department in real time, as well as monitor the temperature of refrigerators that store lifesaving medicine.

• Teleparamedics for high-risk patients who leave the hospital, allowing the Emergency Management Services team who visit the patients in their homes to connect to the appropriate specialist and coordinate the patient/physician interaction in real-time during the home visit.

Gustave M. Hauser is a pioneer of the cable television communications industry and was the founding chairman and CEO of Warner Cable Communications. He then established and became chairman and CEO of Hauser Communications, Inc., a private company engaged in building and operating major cable television systems, international communications satellites and other electronic communications. He is responsible for developing many cable TV programming innovations such as Nickelodeon, MTV Music Television, The Movie Channel, pay-per-view, and various interactive services.

Rita E. Hauser, president of The Hauser Foundation, is an international lawyer and was a senior partner for more than 20 years at a major New York City law firm. She served on the President’s Intelligence Advisory Board from 2009 through 2012, and on the President’s Foreign Intelligence Advisory Board from 2001 through 2004. For two decades, Ms. Hauser chaired The International Peace Institute, a think tank for United Relations related matters. She is a director of Lincoln Center for the Performing Arts, serving on the executive committee, and is a member of the Global Council of the Chamber Music Society. She was a director of the New York Philharmonic Society for more than 20 years.

Innovative Health lands another catheter reprocessing clearance

Innovative Health

Innovative Health said that it has received FDA clearance to reprocess the Biosense Webster PentaRay Nav eco high-density mapping catheter for reuse.

The clearance is the latest allowing Scottsdale, Ariz.-based Innovative Health to reprocess catheters. The FDA cleared it in 2018 to reprocess St. Jude Medical’s Advisor FL, Medtronic’s Torqr and Marinr and Biosense Webster’s Decanav diagnostic catheters. The company also has FDA clearances to reprocess several ultrasound catheters, including the ViewFlex Xtra by St. Jude and all models of the Biosense Webster’s Soundstar and Acunav ultrasound catheters.

The PentaRay is a key medical device in atrial fibrillation (AF) procedures, one of the fastest growing and most expensive procedures in hospitals today, according to Innovative Health. Hospitals using the reprocessed PentaRay and other expensive single-use labeled cardiology devices can save thousands of dollars on each AF procedure, potentially opening the procedure up for more patients, the company said.

The PentaRay cardiology mapping catheter can do high-resolution mapping and cover all four chambers of the heart, which the manufacturer associates with reduced procedure and fluoroscopy time. The device was difficult to reprocess in the past because it contains microlumen technology (channels the size of a human hair), and an FDA clearance requires cleaning and testing access to all areas of the device.

Innovative Health collaborated with the FDA through the pre-submission process to seek the agency’s guidance on appropriate test methods for reprocessing this device. The company then created new protocols and standards to remove blood and Heparin from the microlumen, and testing to ensure that these efforts were effective. The company said that the new standards and processes used to reprocess the PentaRay will allow Innovative Health to reprocess other similar devices using microlumen technology, which is becoming dominant in AF ablation procedures.

“With the clearance to reprocess PentaRay, we have achieved two important things,” said Innovative Health CEO Rick Ferreira in a news release. “We have made it possible for hospitals to reduce AF ablation medical device costs by as much as 30%, and we have demonstrated that reprocessing engineering can break boundaries traditionally considered to be unbreakable. We will continue to work with hospital cardiology units, FDA and clinicians to expand cardiology reprocessing, so that these procedures can become economically viable, and therefore more successful and more widely available, while always keeping patient safety as our top priority.”

Abbott Launches First ever Rapid Point of Care HbA1c Test to Aid in the Diagnosis of Diabetes

Afinion 2 Analyzer

Abbott announced that its Afinion HbA1c Dx assay is now available for use on the Afinion 2 Analyzer, as well as the Afinion AS100 Analyzer. The Afinion HbA1c Dx assay is the first and only rapid point-of-care test cleared by the U.S. Food and Drug Administration (FDA) to aid healthcare professionals in the diagnosis of diabetes and the assessment of patients’ risk of developing the condition.

The Afinion HbA1c Dx meets FDA’s stringent requirements for performance testing for diagnostic use claims. The test delivers accurate and precise1,2 glycated hemoglobin (HbA1c) results in only three minutes, enabling clinicians to diagnose patients and help them formulate individualized care plans during a single doctor’s office visit. The Afinion HbA1c Dx assay (approved for monitoring and diagnosis) complements the Afinion HbA1c assay (approved for monitoring only), the number one point-of-care HbA1c test in the U.S. for monitoring long-term glycemic control in diabetes.3

As diagnostics continue to move to point-of-care settings such as physician office labs, the Afinion HbA1c Dx rapid assay shows how Abbott is once again setting new standards for innovation in the diagnosis and monitoring of diabetes,” said Elizabeth Balthrop, divisional vice president, Cardiometabolic and Informatics, Rapid Diagnostics, Abbott. “In addition to giving physicians the certainty of diagnosis they need to make informed decisions during a patient visit, the HbA1c Dx assay gives people living with diabetes near real-time results, so that in consultation with their doctor they can make adjustments to their lifestyle and better manage their condition.”

“Rapid, reliable diabetes screening at the point of care enables healthcare providers to immediately link patients to comprehensive care that can help prevent the serious consequences of the disease,” said Richard Kahn, Ph.D., former chief scientific and medical officer of the American Diabetes Association. “In addition, point-of-care diagnosis can enhance clinical efficiencies for busy practices and, at a population level, help stem the massive economic and societal impacts of diabetes in the U.S.”

ABOUT DIABETES
Diabetes is a chronic metabolic condition that occurs when the body cannot produce insulin or use it efficiently, causing sugar (glucose) to build up in the bloodstream. The Centers for Disease Control and Prevention (CDC) estimates that 7.2 million people in the United States have diabetes but are as yet unaware of this diagnosis. Another 84.1 million have prediabetes.4 Diabetes can cause serious consequences, including problems with blood vessels, heart, nerves, kidneys, mouth, eyes and feet.5

ABOUT THE AFINION HbA1c Dx ASSAY
The Afinion HbA1c Dx assay is FDA-cleared as a moderate complexity test for quantitative determination of HbA1c in human whole blood, used to aid in the diagnosis of diabetes and assessment of patients’ risk of developing the disease. It is also cleared for use in monitoring long-term glycemic control. The assay received FDA clearance for use on the Afinion AS100 Analyzer in May 2018.

ABOUT THE AFINION 2 ANALYZER
The Afinion 2 Analyzer is a state-of-the-art multi-assay platform that streamlines and simplifies the delivery of actionable, accurate measurements of HbA1c and ACR (albumin-to-creatinine ratio) results at the point of care. The system arms healthcare professionals with the information needed to make fast and accurate medical decisions. The Afinion 2 platform, which offers all-in-one connectivity to LIS/HIS (laboratory and hospital information systems) and a sleeker, quieter experience for clinicians and patients, was launched in May 2018 for patient management of diabetes through whole blood HbA1c testing and ACR testing in urine.

ABOUT ABBOTT
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 103,000 colleagues serve people in more than 160 countries.

Community Health Systems Announces Definitive Agreement to Sell Bluefield West Virginia Hospital

Bluefield West Virginia Hospital

Community Health Systems, Inc. announced that subsidiaries of the Company have signed a definitive agreement to sell 92-bed Bluefield Regional Medical Center in Bluefield, West Virginia, and its associated ancillary healthcare operations to subsidiaries of Princeton Community Hospital. The transaction is expected to close in the third quarter of 2019, subject to customary regulatory approvals and closing condition

The hospital included in this transaction is among the additional planned divestitures discussed on the Company’s first quarter 2019 earnings call.

About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country. The Company, through its subsidiaries, owns, leases or operates 107 affiliated hospitals in 18 states with an aggregate of approximately 17,000 licensed beds. The Company’s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.” More information about the Company can be found on its website at www.chs.net.

Sensyne Health welcomes EY’s announcement on AI and blockchain to link healthcare reimbursement and actual patient outcomes

AI and blockchain to link healthcare

Sensyne Health plc the British clinical AI technology company welcomes EY Global Services Limited’s announcement on the intended expansion of its current Health Outcomes Assessment platform by collaborating with Guardtime and Sensyne Health.

The platform is the first of its kind for the healthcare industry and provides an end-to-end solution for outcomes-based contracting – an approach that ties the payment of medicines to the achievement of specific clinical and patient satisfaction benchmarks and efficiency improvements in patient treatment pathways. Through the planned collaboration, Sensyne Health will add clinical artificial intelligence (AI) and Guardtime will add blockchain technologies to help enable the platform to scale faster, leading to fairer reimbursement and access to novel treatments for patients.

The collaboration will aim to solve one of healthcare’s biggest challenges – accurate and fair patient reimbursement against the actual health outcome provided by healthcare providers and drug manufacturers.

Under the arrangement, Guardtime will run its HSX bridge software, built on the KSI blockchain. Through this technology, healthcare data can be transported securely with a transparent audit trail allowing immutable evidence of how each data element is viewed and used. Sensyne Health will use its clinical AI platform to evaluate patient health impact. EY teams will bring independent contract assessment, contract management and automated business process experience to allow pharmaceutical companies and healthcare providers to share data and help manage real-world outcomes-based contracts at scale with total transparency and trust.

Lord (Paul) Drayson, Chief Executive Officer of Sensyne Health plc, said:

“This new collaboration will position Sensyne at the centre of a technology solution to one of the major challenges facing global healthcare – how to link reimbursement to the benefits provided to patients. We look forward to working with EY, Guardtime and global pharmaceutical companies and payers to help deliver this new capability.”

Dan Matthews, EY EMEIA Life Sciences Leader, said:

“We are delighted to be working to deliver the triple win: with life sciences companies increasing access to medicines, health care providers achieving greater efficiency and effectiveness and, most importantly, more patients getting better health outcomes. This is only possible through the combination of novel technologies and a supporting commercial model that allows industry collaboration.”

Mike Gault, Guardtime CEO, said:

“Payers, providers and pharma have long aspired to move towards value-based healthcare; this collaboration now makes it possible. Guardtime’s KSI blockchain technology will help ensure patient-level data visibility without compromising data privacy, ensuring all participants can collaborate securely and with confidence. We are excited about the opportunities this collaboration brings to the health industry.” ‍‍For more information please contact: Sensyne Health (www.sensynehealth.com)

About Sensyne Health
Sensyne Health plc is a healthcare technology company that creates value from accelerating the discovery and development of new medicines and improving patient care through the analysis of real-world evidence from large databases of anonymised patient data in collaboration with NHS Trusts. These anonymised patient data are ethically sourced in that any analysis of anonymised patient data (and hence the Company’s access to it) must be pre-approved for each programme on a case-by-case basis by the relevant NHS Trusts. This is to ensure that the purpose of the anonymisation and the proposed analysis are subject to appropriate ethical oversight and information governance, including conformance with NHS principles, UK data protection law and applicable regulatory guidance. Sensyne Health is an early signatory to the Department of Health and Social Care’s ‘Initial Code of Conduct for data-driven health and care technology’.

Sensyne Health is listed on the AIM Market of the London Stock Exchange (SENS.L)‍

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation is available via ey.com/privacy. For more information about our organization, please visit ey.com

About EY Health Sciences and Wellness
The rise of the empowered consumer, coupled with technology advancements and the emergence of digitally focused entrants, is changing every aspect of health and care delivery. To retain relevancy in today’s digitally focused, data-infused ecosystem, all participants in health care today must rethink their business practices, including capital strategy, partnering and the creation of patient-centric operating models.

The EY Health Sciences and Wellness architecture brings together a worldwide network of more than 20,000 professionals to build data-centric approaches to customer engagement and improved outcomes. We help our clients deliver on their strategic goals; design optimized operating models; and form the right partnerships so they may thrive today and succeed in the health systems of tomorrow. We work across the ecosystem to understand the implications of today’s trends, proactively finding solutions to business issues and to seize the upside of disruption in this transformative age.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation is available via ey.com/privacy. For more information about our organization, please visit ey.com

About Guardtime Health
Guardtime Health is dedicated to bridging the gap between patients, providers, payers, regulators and life science companies by seamlessly enabling access to data for multiple stakeholders, delivering the secure use of a single truthful version of health data.

Guardtime Health’s HSX platform enables application development through software APIs for solutions as diverse as: access to real-world evidence and biobank data, dynamic consent management, complex clinical trials, outcomes-based contracting, medication adherence, supply chain visibility for preventing medicine shortages and downstream diversion or to secure upstream active substance provenance.

MOSES Laser Technology Wins 2019 Medical Design Excellence Award

Lumenis Ltd., the world’s largest energy-based medical device company for aesthetic, surgical, and ophthalmic applications announced that its proprietary patented MOSES TM Urology Laser Technology has been selected the Silver Winner in the Operating Room Medical Device category of the 21st Annual Medical Design Excellence Awards (MDEA) competition. The 2019 winning products were announced at the MDEA Ceremony held Tuesday, June 11 in conjunction with Medical Design & Manufacturing (MD&M) East at the Jacob K. Javits Convention Center in New York

For the last 30 years, holmium lasers and fibers have been clinically proven to be the gold-standard modality for the treatment of urinary stones and benign prostatic hyperplasia (BPH). Released by Lumenis two years ago, MOSES is a revolutionary, patent-protected technology that optimizes holmium energy transmission using a unique pulse modulation. The benefits of MOSES for urinary stones treatment have demonstrated a 20% reduction in procedure time, 25% improvement in fragmentation efficiency, and 60% reduction in stone retropulsion. MOSES was also proven to improve BPH procedures by providing improved enucleation efficiency and bleeding control.

“It is with great honor and excitement that we receive the Medical Design Excellence Award Silver Winner for the MOSES Technology, which has improved urology care for patients worldwide,” commented Tzipi Ozer-Armon, CEO of Lumenis. “This award is yet another demonstration of the real value MOSES provides to patients, physicians, and medical institutions. On behalf of all of us at Lumenis, we would like to thank the jury committee and express our commitment to continue to innovate in providing better technology for better patient care.”

The MDEAs are the medical technology industry’s premier design competition, committed to searching for the world’s highest-caliber finished medical devices, products, systems, or packaging available on the market. The awards program celebrates the achievements of the medical device manufacturers, their suppliers, and the many people behind the scenes—engineers, scientists, designers, and clinicians—who are responsible for the cutting-edge products that are saving lives, improving patient healthcare, and transforming medtech one innovation at a time.

The 2019 MDEA juror panel selected exceptional finalists in nine medical technology product categories. Products were judged based on design and engineering innovation, function and user-related innovation, patient benefits, business benefits, and overall benefit to the healthcare system. Unlike other design competitions that are merely styling contests, the MDEA awards are determined by a jury comprised of practicing doctors, nurses, and technicians alongside industrial designers, engineers, manufacturers, and experts in human factors.

About Lumenis
www.lumenis.com
Lumenis is the world’s largest energy-based medical device company for surgical, aesthetic and ophthalmic applications in the area of minimally invasive clinical solutions. Regarded as a world-renowned expert in developing and commercializing innovative energy-based technologies, including Laser, Intense Pulsed Light (IPL) and Radio-Frequency (RF). For nearly 50 years, Lumenis’ ground-breaking products have redefined medical treatments and have set numerous technological and clinical gold-standards. Lumenis has successfully created solutions for previously untreatable conditions, as well as designed advanced technologies that have revolutionized existing treatment methods.

About Medical Design Excellence Awards

The MDEA program is presented by Informa’s Advanced Manufacturing portfolio, the leading B-to-B event producer, publisher, and digital media business for the world’s $3 trillion advanced, technology-based manufacturing industry, and by Medical Device and Diagnostic Industry (MD+DI), the industry’s central source for late breaking news, information, and business intelligence. For more information about the Medical Design Excellence Awards—including additional details about the manufacturers and suppliers that created the 2019 MDEA-winning products—visit the MDEA website at www.MDEAwards.com or e-mail mdea@ubm.com.

 

About Advanced Manufacturing Expos & Conferences

Informa PLC’s Advanced Manufacturing portfolio is the leading B2B event producer, publisher, and digital media business for the world’s $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the advanced manufacturing market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Advanced Manufacturing portfolio is organized by Informa, which recently acquired UBM to become a leading B2B information services group and the largest B2B events and exhibitions organizer in the world. To learn more and find the latest news and information, visit www.informa.com.

 

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