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October 28, 2024, Issue #282

Editor’s note

This weekly newsletter is brought to you by the BigRio and Damo research and insights team.

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Digital Health in the News

Google Cloud building out generative AI tools to lighten the load for healthcare workers

Google Cloud announced its Vertex AI Search for Healthcare platform is now available for general use while also rolling out new features for its Healthcare Data Engine. Fierce Healthcare

Why a health system CIO is looking at other industries for cyber strategy

As hospitals become increasingly interconnected, cybersecurity challenges are evolving rapidly, that's why New York City-based Montefiore Health System's CIO is looking at other industries for cyber strategy. Becker’s Health IT

Why Cleveland Clinic is partnering with Amazon's One Medical

Cleveland Clinic is collaborating with Amazon's One Medical to expand access to primary care and learn from the disruptor's digital strategy. Becker’s Hospital Review

This Week in The Big Unlock Podcast

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We Want to Position AI to Help Us Work Smarter and Care Better for Patients

In this episode, Shakeeb Akhter, Senior Vice President and Chief Digital and Information Officer (CDIO) at the Children’s Hospital of Philadelphia (CHOP), discusses his healthcare journey focused on digital transformation, infrastructure, applications, cybersecurity, AI, and data analytics. 

 👉Listen now  

 👉The Big Unlock Podcast Archives 

Featured Offering for The Month

Healthcare Technology Solutions

Your Partner to Accelerate Digital Transformation & Innovation 

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Digital revolution has brought with it unparalleled opportunities to enhance patient care, optimize operational workflows, and drive efficiency. BigRio works with companies across the healthcare industry to implement digital initiatives, from EHRs that streamline data management to telehealth platforms that bridge geographical gaps, enabling the innovative solutions that drive digital transformation strategy.

 

👉Learn More

👉Book an Introductory Call

Insights & Research

AI Is Transforming the Startup Landscape

The startup ecosystem is shifting due to the rise of artificial intelligence. AI favors larger companies, necessitating a change in mindset for startups from disruption to transformation. While startups will face challenges in accessing sufficient data and computing power, they still have opportunities to innovate by providing AI-driven services directly to consumers. HBR

Featured Events 

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📢 Upcoming Event Alert!

Discover how Generative AI (GenAI) is transforming the healthcare landscape in this exciting and informative webinar. Join industry leaders and AI experts as they explore the latest and most impactful use cases of GenAI in healthcare. From drug discovery to patient care, GenAI is revolutionizing the way healthcare providers, researchers, and companies operate—enabling faster innovation, improved patient outcomes, and reduced operational costs. 

👉 Register your interest to participate.

👉 Learn more 

👉 Also explore our customized in-person workshops here.

📢 Other Upcoming Events

  1. Northern Ohio HIMSS 2024 Fall Conference – Innovate to Elevate: Bridging Technology, Care, and Equity in Healthcare I October 29, 2024 I Damo and BigRio team will be present at the event. Connect on LinkedIn: Rohit Mahajan and Stacy Chai
  2. GenAI in Healthcare – Is ChatGPT Getting Less Smart by Harvard Business School of Healthcare Alumni Association – October 30, 2024 I Ritu M. Uberoy and Rohit Mahajan are speaking at the event.

Chart of The Week

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Source: Rock Health

Damo Thought Leadership and Media Mentions

Healthcare Data and Analytics: Unlocking the Future of Pediatric Care

According to Jawad, 80-90% of analytics is generated using only 20% of available data. A significant amount of unstructured and imaging data remains untapped, creating challenges for healthcare organizations to adopt more multi-modal approaches to fully leverage their data for better patient care and operational efficiency. Damo Blog

From Assessment to Action: How BigRio’s Cloud Consulting Services Transformed a Top Global Business School

This case study showcases BigRio’s ability to leverage its expertise in cloud technologies and project management to support one of the world’s leading business schools in achieving its Digital Transformation objectives. The business school could reduce its cloud expenditures without compromising performance or scalability by optimizing resource allocation and eliminating underutilized services. The project provided a well-defined cloud strategy and a comprehensive two-to-five-year roadmap for future growth. BigRio Case Study

Assessing Digital Maturity: The DigiMTM Digital Maturity Model for Health Systems

The DigiMTM Digital Maturity Model is now a 5-stage model, with Model 5 being the highest level of maturity. Health systems in Model 5 of Damo’s DigiMTM model aim to build state-of-the-art facilities by designing digital solutions and patient experiences built with artificial intelligence or generative AI. White Paper

How Damo Helped An Integrated Not-For-Profit Healthcare Delivery System Develop Four Enterprise Patient Journey Maps In Three Months

A large not-for-profit integrated healthcare delivery system on the East Coast focuses on innovation and creating exemplary healthcare experiences. Damo has been a long-time advisory partner and understands the health system’s strategic vision well. Damo Consultants knew the health system’s in-flight work towards improving their patient experience. As such, the health system engaged Damo in identifying the first set of journey maps that should be developed at an enterprise level and then prioritized and developed the first four maps. Case Study

Books Corner

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Other Stuff We’re Reading

Why Greg Adams Believes Risant Health Will Be Successful In Its Mission to Scale VBC Across the Country

Kaiser Permanente is showing no signs of slowing down when it comes to its Risant Health experiment. The organization is currently on the prowl for more acquisition targets. MedCity News

How GenAI Helps USAA Innovate

Generative artificial intelligence has enabled new options — including copilots for service representatives and a code development system working alongside humans. Here’s what the financial services company has learned. MIT Sloan Review

Digital Health Funding and M&A

Infinitus Systems raises $51.5M for automating healthcare calls

The round was led by Andreessen Horowitz, which has announced two other significant digital health investments within the past two weeks. mobihealthnews

General Catalyst raises $8 billion, with $750 million for health care bets

The VC firm is acquiring an Ohio hospital and has partnered with a number of health systems. STAT News

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