1 00:00:00,000 --> 00:00:02,319 This is Naomi Diaz with the Becker's Digital 2 00:00:02,319 --> 00:00:03,060 Health Podcast. 3 00:00:03,520 --> 00:00:06,160 Here's your daily industry news briefing for today, 4 00:00:06,160 --> 00:00:07,139 July 29th. 5 00:00:08,095 --> 00:00:10,734 First, losses for the health care industry from 6 00:00:10,734 --> 00:00:11,394 the CrowdStrike 7 00:00:11,775 --> 00:00:14,355 IT outage are estimated to reach 1,900,000,000 8 00:00:16,050 --> 00:00:19,029 according to a July 24th report from Parametric 9 00:00:19,329 --> 00:00:19,829 Solutions, 10 00:00:20,289 --> 00:00:23,429 a provider of cloud monitoring, modeling, and insurance 11 00:00:23,570 --> 00:00:24,070 services. 12 00:00:25,144 --> 00:00:26,204 According to Parametrix, 13 00:00:26,744 --> 00:00:28,664 the health care and banking sectors in the 14 00:00:28,664 --> 00:00:31,224 US are expected to suffer their greatest direct 15 00:00:31,224 --> 00:00:33,085 losses due to the July 19th 16 00:00:33,579 --> 00:00:36,859 global disruptions caused by a faulty CrowdStrike software 17 00:00:36,859 --> 00:00:40,159 update that led to widespread Windows system crashes. 18 00:00:41,005 --> 00:00:43,185 Additionally, the report states that 75% 19 00:00:43,564 --> 00:00:46,225 of firms in health care and banking experienced 20 00:00:46,364 --> 00:00:47,850 direct financial impacts. 21 00:00:48,890 --> 00:00:51,689 Parametrix said its insights into the financial impact 22 00:00:51,689 --> 00:00:54,509 of the CrowdStrike event is derived from analyzing 23 00:00:54,570 --> 00:00:57,454 more than 4 54 1,000,000,000 data points that 24 00:00:57,454 --> 00:00:58,274 could outline 25 00:00:58,815 --> 00:01:01,475 the historical performance of cloud services. 26 00:01:02,335 --> 00:01:05,170 This comes after CNBC reported that CrowdStrike 27 00:01:05,549 --> 00:01:08,930 CEO George Kurtz said that more than 97% 28 00:01:09,469 --> 00:01:12,349 of Windows sensors have been restored following the 29 00:01:12,349 --> 00:01:12,849 outage. 30 00:01:14,034 --> 00:01:14,534 2nd, 31 00:01:15,314 --> 00:01:17,814 more than 70% of health care organizations 32 00:01:18,275 --> 00:01:19,894 either have already adopted 33 00:01:20,390 --> 00:01:22,810 or plan to implement generative AI, 34 00:01:23,189 --> 00:01:25,609 McKinsey and Co reported July of 25th. 35 00:01:26,390 --> 00:01:28,650 Here are the areas that health care leaders 36 00:01:28,775 --> 00:01:31,594 believe will benefit the most from generative AI 37 00:01:31,974 --> 00:01:35,094 according to the management consultant's March survey of 38 00:01:35,094 --> 00:01:38,609 a 100 executives across providers, payers, health services, 39 00:01:38,609 --> 00:01:40,310 and technology companies. 40 00:01:41,009 --> 00:01:42,149 1st is with 41 00:01:42,450 --> 00:01:45,349 clinician and clinical productivity at 73%. 42 00:01:46,305 --> 00:01:48,004 2 is patient and member engagement 43 00:01:48,305 --> 00:01:49,685 experience at 62%. 44 00:01:50,784 --> 00:01:54,244 3 is administrative efficiency and effectiveness at 60%. 45 00:01:55,239 --> 00:01:57,659 4 is quality of care and service delivery 46 00:01:57,799 --> 00:01:58,540 at 48%. 47 00:01:59,560 --> 00:02:02,435 5 is IT and infrastructure at 42%. 48 00:02:03,375 --> 00:02:05,795 6 is research and education at 30%, 49 00:02:06,334 --> 00:02:08,814 and 7 is at strategy and growth at 50 00:02:08,814 --> 00:02:09,314 28%. 51 00:02:11,250 --> 00:02:11,750 3rd, 52 00:02:12,449 --> 00:02:12,949 UPMC 53 00:02:13,330 --> 00:02:13,830 Enterprises 54 00:02:14,290 --> 00:02:16,389 and Tampa General Hospital Ventures, 55 00:02:16,689 --> 00:02:19,664 the venture capital arms of UPMC and TAPA 56 00:02:19,664 --> 00:02:20,724 General Hospital, 57 00:02:21,104 --> 00:02:24,465 respectively, have completed a strategic financing round for 58 00:02:24,465 --> 00:02:24,965 Medicom, 59 00:02:25,344 --> 00:02:28,724 a health tech startup leading enterprise imaging interoperability. 60 00:02:30,050 --> 00:02:30,550 UPMC 61 00:02:30,849 --> 00:02:33,889 Enterprises and TGH Ventures joined the funding round 62 00:02:33,889 --> 00:02:34,629 for Medicom 63 00:02:35,169 --> 00:02:38,365 alongside in distant existing ventures such as Cone 64 00:02:38,444 --> 00:02:40,844 Health Ventures, the venture capital arm of Cone 65 00:02:40,844 --> 00:02:43,344 Health, Oval Park Capital, and GrayHawk 66 00:02:43,724 --> 00:02:44,944 GrayHawk Capital. 67 00:02:45,564 --> 00:02:47,830 Medi comm plans to harness the new partnerships 68 00:02:47,889 --> 00:02:50,789 at capital to boost platform innovation and accelerate 69 00:02:50,849 --> 00:02:53,330 go to market efforts according to a July 70 00:02:53,330 --> 00:02:55,189 25th news release from the company. 71 00:02:55,814 --> 00:02:57,574 If you would like the latest health IT 72 00:02:57,574 --> 00:02:59,735 and digital health industry news delivered to your 73 00:02:59,735 --> 00:03:02,694 inbox every morning, subscribe to the Becker CIO 74 00:03:02,694 --> 00:03:05,080 and health IT review enewsletter through our website 75 00:03:05,960 --> 00:03:06,460 atwww.beckershospitalreview.com.