September - 2021

The HSB Blog

7 min

Mandated or Not, Vaccine Passports May Become De-Facto Standard-The HSB Blog 9/27/21

Our Take: With the increased momentum towards reopening the economy, vaccine passports will become important in the United States (U.S) even if they are not mandatory. Vaccine passports, which serve as official proof of vaccination are now required by several countries for traveling and accessing social and recreational spaces. In the U.S, mandating vaccine passports has been rife with debates with several states either banning its usage outright or partially allowing private

4 min

Scouting Report-Caresyntax:AI-Based,Real-World Evidence to Improve Surgical Outcomes & Reduce Risk

The Driver: This week, Caresyntax raised an additional $30M in Series C funding for its digital surgery platform that brings AI into operating rooms to assess and improve care by providing surgeons with their performance assessments rates and helping them reduce fatal surgical complications. This funding, which Bloomberg reports “was an extension of the company’s Series C round in April” brings Caresyntax’s total raised to over $130M. Investors include BlackRock Inc., special

5 min

Curing Burnout Means Radically Rethinking Digital Tools, Not Just Fixing EHRs

Our Take: As technology and digital transformation take hold in healthcare, greater focus needs to be placed on meeting provider needs and managing clinical burnout. While the digital transformation of healthcare has both positive aspects for clinician burnout, such as the potential to apply artificial intelligence to help optimize workflows, the ability to focus clinician expertise, and the use of natural language processing to automate workflows, at present the additional b

4 min

Scouting Report-Wheel: Moving Virtual Primary Care Forward

The Driver: Recently Wheel hired its first Chief Commercial Officer just three months after raising $50M in a series B fundraising bringing the total amount the company has raised to date to $66M. In late August Wheel announced that it had hired Tim Kollas who previously worked in Business Development for Amazon Care and as Chief Partnership Officer at 98point6, Inc. according to his LinkedIn profile. Wheel’s fundraising round was led by Lightspeed Ventures with participation

7 min

What Clinicians and Administrators Need to Know When Implementing AI-The HSB Blog 9/13/21

Our Take: There are several basic issues and challenges in deploying AI that all clinicians and administrators should be aware of and inquire about to ensure that they are being properly being considered when AI is being implemented in their organization. Applications of artificial intelligence in healthcare hold great promise to increase both the scale of medical discoveries and the efficiency of healthcare infrastructure. As such healthcare-related research and investment h

4 min

Scouting Report-Truveta: Selling (De-Identified) Patient Data to Drive Innovation

The Driver: On July 31, Truveta raised an additional $95M in a Series A round funded by its 17 health system partners all of whom contributed the same amount. Since we last wrote about Truveta back in February (please see Backed by Big Hospitals, a Former Microsoft Executive Wades into the Messy Business of Selling Patient Data, The HSB Blog 2/22/21) Truveta has added an additional three health system partners and increased the number of medical records which will be used to