generative AI in healthcare

2023 predictions.
Amazon in healthcare. Goodbye web3.

The results are in

Hi there,

A few weeks ago we asked all of you a few questions to determine what you thought the future of healthcare looks like in 2023. 

Here’s what you said.

Amazon in healthcare

Overwhelmingly, you thought that Amazon would be the tech giant with the biggest impact on healthcare in 2023.

We don’t disagree.

Check out our analysis of Amazon’s healthcare strategy here.

For a full breakdown on big tech in healthcare, you can read this report. 

We look at where 5 companies are investing, partnering, and acquiring in everything from cloud services to wearables to decipher the future of tech in healthcare.

Bursting bubbles

Nearly 70% of you think that AR/VR is overrated in healthcare, while 57% think that brain-computer interfaces are overrated. (We’ll see what Elon and Neuralink have to say about that...)

It seems like the web3 bubble has also burst, and you all agree with that – nearly three-quarters of you think that blockchain and web3 are overrated for healthcare.

Surely these technologies will find some use cases eventually, but at this point all of the VCs that totally re-branded as web3 investors are probably hiring new ghostwriters.

Speaking of hype trains…

New bubbles?

Following the release of ChatGPT, interest in generative AI has skyrocketed.

Nearly 80% of you think that generative AI is underrated in healthcare. 

If you want to find a signal within all the noise, take a look at this market map where we mapped out 250 companies developing genAI solutions. We dive into a number of healthcare-specific solutions within the report. 

The biggest opportunity for 2023

While genAI may be generating a lot of buzz, readers selected digital biomarkers as the biggest opportunity for healthcare innovation in 2023.

We see a number of potential use cases for this tech category, and we mapped out the 100+ companies in the space here.

Bonus question

Lastly, we asked which non-healthcare company would have the biggest impact in 2023.

Here are a few non-obvious responses that I thought were interesting: 

• NVIDIA

• Dollar General

• Blackrock

• DARPA

Stay healthy,

Kedar Karkare, PhD

P.S. Thank you Scott and Anjalika for your help compiling the newsletter this week! 

State of Digital Health 2022 Report

Global digital health investment activity contracted in 2022, with funding falling by 57% year-over-year and deals reaching a 5-year low. Read it for free here.
 

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From fall detection to caregiver support apps, this MVP Technology Framework evaluates the tech solutions helping healthcare providers like Mass General and Mayo Clinic improve senior care. Read it here.
 

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Market Trend Report: Care coordination and management for healthcare payers

We outline the market outlook for care coordination and management in the healthcare industry — from investment trends and leading companies to recommendations for the players in the space. Read it here.

 Market Trend Report: Home health enablement for healthcare payers

We outline the market outlook for home health enablement in the healthcare industry — from investment trends and leading companies to recommendations for the players in the space. Read it here.

NEWS

GE HealthCare captures Caption. GE HealthCare has agreed to acquire AI-based predictive EKG imaging company Caption Health — its second acquisition since becoming an independent company. GE HealthCare will pair Caption Health’s technology with its ultrasound devices to detect early signs of heart disease.  

MedTech Dive

CGM collab. DarioHealth is partnering with Dexcom to integrate continuous glucose monitors (CGM) into its platform, providing personalized support to diabetes patients through the incorporation of CGM data. The collaboration will allow Dario's digital health tools for metabolic health to include data from Dexcom CGMs.

HIT Consultant

Wearable rewards. UnitedHealthcare Group is launching a rewards program called UnitedHealthcare Rewards that will pay up to $1,000 per year to eligible members who complete health goals tracked by wearables. Under the rewards program, members who are active for a certain amount of time per day will receive compensation. 

MobiHealthNews

DEALS
 

Oak Street acquisition. CVS Health will acquire primary care provider Oak Street Health for approximately $10.6B later this year. Oak Street Health, which is geared toward the Medicare population, runs 169 clinics in 21 states and employs 600 primary care providers. 
 

Shifting into high gear. Nursing staffing marketplace ShiftMed raised $200M in a Series B funding round led by Panoramic Ventures with participation from Blue Heron Capital and Audacious Capital. The company will use the capital to expand into health systems.

Raising for OCD. Obsessive-compulsive disorder (OCD) care company NOCD has raised $34M in a funding round co-led by Cigna Ventures and 7wire Ventures. The company will use the funds to expand its therapist workforce and raise public awareness for OCD.
 

PERSPECTIVES
 

Special delivery. Getting specialty medications for chronic illnesses is slow and costly due to the involvement of intermediaries like insurance companies and pharmacy benefit managers. This article discusses the alternative of medically integrated dispensing, where doctors dispense medication directly to patients.

MedCityNews
 

Mental health care balancing act. This article discusses the bottlenecks, including access, that come with the fragmented mental health care solutions on the market now. The author suggests that health tech innovation should be integrated solutions that strike a balance between technological innovation, clinical validation, and ethical standards of care.

STAT