Health IT Product News Report August 2022

Allied Market Research reports that the global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.

Data Bridge Market Research reports the market drivers and growth can be attributed to the increase in technological know-how, growing volume of patient data, and demand for quick and efficient healthcare processes and systems will help in driving the growth of the healthcare IT market. Increasing digitization in the healthcare industry and demand for value based care and rising cost of provision of healthcare services coupled with the increasing number of healthcare facilities will likely accelerate the growth of the healthcare IT market in the forecast period of 2020-2027.

Health IT Product News

Lightbeam Health Solutions Launches ACO REACH Solutions Suite
Lightbeam Health Solutions (@LightbeamHealth), a population health management solutions and services company, announces the launch of a solution suite that will allow clients to make a seamless transition to Centers for Medicare & Medicaid Services’s (CMS) new ACO REACH Model.

Zocdoc Launches Its First-Ever Public API Platform: Zocdoc For Developers
Zocdoc (@Zocdoc), a healthcare marketplace that makes it easy for people to find and book in-person or virtual care across +200 specialties and +12k insurance plans, announced the launch of Zocdoc for Developers, Zocdoc’s first-ever public API platform.

Cornerstone AI Raises $5 Million Seed to Solve Healthcare’s Data Problem
Cornerstone AI, a new company solving healthcare’s data challenges to improve research and care, publicly launched its first-of-its-kind AI platform. Cornerstone is developing highly intelligent, automated software to accurately and efficiently clean and prepare data in a fraction of the time of traditional methods.

Linus Health Launches First iPad-Based Brain Health Platform for Early Detection of Alzheimer’s and Other Dementias in Primary Care
Linus Health (@linushealth), a digital health company focused on transforming brain health, announced that its groundbreaking brain health platform is generally available for healthcare delivery organizations across the US. Designed to facilitate early detection of brain disorders and proactive intervention, the SaaS-based platform combines robust digital cognitive assessments with actionable recommendations for providers and patients.

RapidAI Receives FDA Clearance for Rapid Hyperdensity
RapidAI (@rapidai), a global company in neurovascular and vascular AI-enhanced clinical decision support and patient workflow, announced it has received FDA clearance for Rapid Hyperdensity, the newest addition to the RapidAI platform.

Telehealth Product News

CloudMD Adds Telemedicine Services for Primary Care Health Navigation to Kii Personalized & Connected Care Offering
CloudMD Software & Services Inc. (@CloudMD_SS) a healthcare technology and innovative health services company transforming the delivery of care, is excited to announce that it has launched a national telemedicine and physical health coaching service as part of its Kii Personalized & Connected Care (“Kii”) offering.

LifeMD Announces Continued and Rapid Expansion of Virtual Primary Care To over 200 Conditions
LifeMD, Inc., a direct-to-patient telehealth company, announced the continued and rapid expansion of its Virtual Primary Care platform.

AI Product News

Fairtility Granted CE Mark Under New European Medical Device Regulation (MDR) for AI Decision Support Tool, CHLOE EQ™
Fairtility™ (@fairtility), the transparent AI innovator powering in vitro fertilization (IVF) for improved outcomes, announced its AI decision support tool CHLOE EQ™ earned the CE Mark under the European Medical Devices Regulation (MDR) regulatory requirements. CHLOE EQ™ is now commercially available to IVF fertility clinics across Europe. CHLOE EQ™ is an AI decision support tool that was developed to provide Embryo Viability Assessment which supports the prediction of blastulation, the prediction of implantation and ploidy and, ranks embryos in order of priority. It also provides automatic annotations for morphokinetic and PN count which support fertilization assessment.

Exo and Henry Ford Health Partner to Enable All Physicians with Point of Care Ultrasound
Exo (pronounced “echo”) (@exoeffect), a pioneering health information and devices company, is partnering with Henry Ford Health (Henry Ford) (@HenryFordHealth) to make ultrasound technology simpler so more caregivers can use it to improve patient outcomes at the point of care. Exo will partner with Henry Ford Innovations (HFI), Henry Ford’s commercialization arm, to make ultrasound easier to perform with artificial intelligence, validate cutting-edge ultrasound technology through large-scale deployment, and educate the next generation of point-of-care ultrasound (POCUS) users.

Bayer Launches Calantic™ Digital Solutions to help Address Radiology Industry Challenges
Bayer (@Bayer) unveiled Calantic™ Digital Solutions, a new cloud-hosted platform delivering access to digital applications, including AI-enabled programs, for medical imaging. The offering contains tools to help triage critical patient findings for expedited review, improve lesion detection and automate tasks. With this launch, Bayer expands its radiology portfolio beyond contrast media, devices, software and services, with the ultimate goal of supporting healthcare professionals to aid in the detection of disease patterns throughout the patient’s journey.

Insightin Health Unveils Predictive Analytics Solution to Help Medicare Advantage Plans Improve Member Satisfaction
As CMS places increasing importance on satisfaction and experience measures, health plans are working hard to minimize abrasion and improve member experience across the board. Recently Insightin Health (@InsightinHealth), a software-as-a-service (SaaS) provider for the healthcare payer market, announced a new capability, CAHPS® Predict, designed to help plans understand and improve member satisfaction.

DiA Imaging Analysis Partners with Intelerad Medical Systems to Empower Echocardiography Labs with AI
Intelerad Medical Systems™ (@Intelerad), a medical image management solutions company, and DiA Imaging Analysis (@DiA_Analysis), a provider of AI-based ultrasound software solutions, announced a commercial partnership to offer DiA’s LVivo Seamless™ AI-based cardiac ultrasound software solution as part of Intelerad’s cardiac imaging solutions IntelePACS. This collaboration is aligned with Intelerad’s expansion of its enterprise imaging offerings in the cardiology space.

Vital Launches Experience Management Tool To Improve Nursing Efficiency And Elevate Patient Satisfaction, Enables Real-Time Service Recovery
Vital (@Vital_EHR), an artificial intelligence (AI)-powered patient care experience platform, announces the launch of its Experience Management tool. The tool gives staff real-time feedback about a patient’s experience and enables a rapid and efficient way to resolve concerns, driving improvements in both nursing efficiency and patient satisfaction.

FDA Medical Devices

Approved in June 2022

The FDA regulates medical devices sold in the United States to assure their safety and effectiveness. Medical devices range from simple tongue depressors and hospital gowns to complex programmable pacemakers and robotic surgical systems. Their Medical Device Product Classification database lists over 6,000 types of medical devices regulated by FDA’s Center for Medical Devices and Radiological Health (CDRH) and the classification assigned to each type. Depending on the device classification, along with other factors, federal regulations (such as the Code of Federal Regulations, Title 21) define requirements that must be fulfilled for CDRH to approve or clear devices sold in the United States.

Here are the recently approved devices from June.