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- Welcome to the Becker's
Healthcare Podcast.

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We at Becker's are excited

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to welcome more than 2,500
healthcare executives

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to Chicago in April
for our annual meeting.

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Over the four day event,

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you'll hear more than 450 elite hospital

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and health system executives
share the big ideas

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and best strategies
driving healthcare forward.

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Visit conferences dot becker
hospital review.com to register

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or email agenda team at
becker's healthcare.com.

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This event is closed in non-providers

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unless coming through a
sponsorship or exhibit.

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Without further ado, here is
your daily news news briefing

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for today, February 26th.

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First, the value of digital
health companies grew quickly

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during the pandemic as healthcare was

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forced out of the hospital.

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However, funding has dried
up in the last two years.

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In 2023, global digital
health funding have

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for the second year in a row with us,

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$13.2 billion raised in 1,397 deals.

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According to CB Insights, deal
size was around 4 million,

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and the medium digital health
deal size trended upward.

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However, there were only 300
do a hundred million dollars

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plus deals in the fourth
quarter of last year,

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and the digital health
unicorns are becoming

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even less common.

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The digital health
market has also seen con

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consolidation in partnerships

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to further integrate into
hospitals and health systems.

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Yahoo Finance compiled the 12
most valuable US based digital

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health companies based
on current market caps

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and found that CVS came in at number one.

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Dexcom came at two I-Q-V-I-A
came at number three.

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Number four is Veeva Systems.

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Number five is simulations,
plus number six is Doximity.

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Number seven is Health Catalyst
number eight is Neuro pace.

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Number nine is DOT go
10 Murano, 11 Amwell,

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and 1223 and me second.

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Pittsburgh based Highmark
Health will be using technology

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from Google Cloud

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and EHR vendor Epic Systems in an effort

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to enhance data collection

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for healthcare providers and payers.

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CNBC reported by merging
Epic's payer platform,

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which facilitates the
exchange of patient data

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between payers and providers.

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With Google's analytics

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and AI capabilities, Highmark
aims to streamline access

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to vital patient information.

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This includes information
such as upcoming visits,

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medical history, and syringe claims,

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and health plan benefits.

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Typically, this information
is scattered across various

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databases and format formats,
which can be challenging

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for healthcare professionals

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and insurance personnel
to locate efficiently.

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But with this integration,

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Highmark says it will
automate administrative tasks

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including prior authorization.

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Tony Farrah, chief Medical

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and Clinical Transformation
Officer at Highmark mentioned

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that the integration will also
assist physicians in making

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more informed decisions
regarding appropriate next steps,

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ultimately leading to
a reduction in the cost

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of care proof patients.

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Dr. Farrah told CNBC
doctors don't need help once

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- They have information.

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The problem is they don't have it.

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The idea is to bribe this type

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of actual information well
ahead of time, anytime

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of the day end quote.

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Additionally, Highmark said,
the integration will facilitate

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the aggregation of clinical
data from its hospitals

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providing convenient.

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Ask us for representatives
from its health plan.

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The technology is capable

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of automatically notifying the
health plan about forthcoming

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patient visits, eliminating
the need for manual processes

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and improving efficiency.

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According to Highmark, this
integration is anticipated

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to save approximately $2.7
million annually as estimated

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by its provider system
through shared claims data.

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Third, GE Healthcare is partnering

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with Health Tech Company biopharmas

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to expand the application

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of patient monitoring
technology from hospitals

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to the home of patients.

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Biopharmas, AI guided
algorithms help provide insights

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that can assist care teams
in delivering personalized

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and efficient care at home.

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According to a news release from ge,

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the partnership is looking to
integrate BIOPHARMAS Virtual

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Care at Home Solutions.

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With GE Healthcare's Monitoring

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and Virtual Care Solutions, the aim is

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to allow GE Healthcare to
expand the continuum of care

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behind the hospital, enabling care teams

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to have a comprehensive and
continuous view of patients

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beyond the hospital environment.

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With this, both companies
are looking at ways

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to have more patients
leave the hospital sooner

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and provide an option for care at home.

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Are you interested in engaging
in dynamic conversations

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with hundreds of top
health system executives

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and gaining valuable
insight for your business?

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Join the 300 plus sponsors

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and exhibitors at the Becker's
14th annual meeting April 8th

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through the 11th in Chicago.

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Email Jessica Cole at
jCole@beckershealthcare.com

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to reserve your spot today.