Summarize this content material to 1000 phrases Leaders within the digital well being house relayed to MobiHealthNews what stood out to them in 2023 because the yr attracts to an finish.
Many famous the meteoric rise of genAI in 2023 and expectations of rising adoption of the expertise in 2024, emphasizing the significance of treading fastidiously because the tech is additional applied. Different stakeholders pinpointed bankruptcies and mergers and acquisitions as being noteworthy occasions.
Dr. Peter Bonis, chief medical officer at Wolters Kluwer Well being
“2023 has been one other yr the place the thrum of existential considerations has grown a bit louder. There isn’t any scarcity of distressing matters: local weather change, world conflicts, the residue of the pandemic and considerations over the following one, worsening life expectancy and toddler mortality, persistent inequity, the potential of expertise advances resulting in main workforce disruptions, and plenty of different financial and social threats.
“Nonetheless, 2023 additionally bore witness to the potential for beautiful technological advances and innovation to handle a few of these considerations and improve the prosperity and well being of individuals not solely within the U.S., however in every single place. Regardless of our variations, we’re all united by our biology and humanity. This was a yr when AI totally entered public consciousness. The tempo of change might solely have been anticipated by devotees of science fiction. There may be an thrilling street forward, and we will hope that we have now the precise captains and organizations to navigate by way of the alternatives to securely improve all our lives.”
Matthew Stoudt, cofounder and CEO of AppliedVR
“Within the spirit of Charles Dickens, ‘It was one of the best of occasions, it was the worst of occasions …’ with some massive ups and downs, particularly on this planet of reimbursement. Whereas we noticed some very constructive indicators of adoption and development of digital well being applied sciences throughout the healthcare system, we additionally noticed some high-profile struggles.
“For instance, on the one hand, [AppliedVR] was honored to obtain a novel code and pricing willpower from CMS, which put us within the closing levels of broad reimbursement for our RelieVRx gadget. However, we noticed a significant participant declare chapter and one other that wanted to alter their GTM [go-to-market] technique resulting from a scarcity of reimbursement pathway by way of CMS. I feel this exhibits that digital well being entrepreneurs must be very aware about how they will use the present system to drive disruption.”
Doug Hirsch, cofounder and chief mission officer at GoodRx
“In 2023, we noticed lots of people with good intentions attempt to enhance our damaged healthcare system. The federal government capped the worth of insulin and is within the means of negotiating model drug costs for Medicare enrollees, and a bunch of well being tech corporations try to fight the burnout plaguing healthcare suppliers. The issue is, regardless of good intentions, progress is occurring too slowly.
My hope for 2024 is that the healthcare trade takes our collective good intentions and turns them into tangible, swift motion. Extra trade collaboration round shared targets has the potential to really change lives.”
Neil Patel, head of recent ventures at Redesign Well being
“Generative AI emerged within the public sphere with OpenAI and ChatGPT in late 2022, however began making a splash in 2023. Some thought it was one other hype cycle, however many, myself included, imagine it has the potential to be a game-changing innovation for healthcare.
“Healthcare organizations ranging from suppliers to pharma to payors have turn out to be early adopters of the expertise. Conversely, giant payers (e.g., UHC, Cigna) are being sued for overreliance on AI in sure conditions, e.g., denying claims utilizing AI.
“Oracle’s acquisition of Cerner appears to have created some questions for well being methods surrounding Cerner. As an illustration, a few of Cerner’s extra notable prospects, like Intermountain Healthcare, Boston Kids’s Hospital and UPMC, have switched to Epic.”
Russell Glass, CEO of Headspace
“In 2023, we have now seen a major improve in the price of healthcare that’s resulting in a tough take a look at healthcare budgets heading into 2024. On the identical time, we’re more and more seeing how vital psychological well being is to general well being outcomes and the overall price of healthcare.
“It’s clear that the expectation and wish for complete psychological well being help within the office is just not diminishing, and employers who need to management healthcare prices must be more and more investing in these choices.”
Dr. Patrick Carroll, chief medical officer at Hims & Hers
“This yr, we continued to see stable adoption of telehealth from customers. Nevertheless, what was most notable was that customers are more and more fascinated by personalised healthcare through telehealth. Merely delivering care through the identical approaches en masse is just not sufficient, in order better expertise developments proceed to permit suppliers to personalize care, we noticed telehealth suppliers begin to roll out custom-made remedies to healthcare customers.”
Eran Orr, CEO of XRHealth
“The healthcare trade wants to seek out methods to translate AI into new options that assist remedies and cut back the burden from clinicians. In 2023, the trade found the capabilities that AI has and the way we will use it, and in 2024 it must translate into actual merchandise that profit sufferers. Within the healthcare trade, there’s a larger bar and a better stage of duty with HIPAA compliance and different laws with little to no room for error – so we are going to see if AI can dwell as much as the problem!”
Munjal Shah, cofounder and CEO of Hippocratic AI
“Generative AI captured the world’s creativeness this yr, and healthcare was no exception. Most of 2023 was centered on growing generative AI options that aided back-office duties, like income cycle administration. Whereas these may help save payers and suppliers prices, they don’t seem to be patient-facing and therefore can’t simply change well being outcomes and inequities.”
Amit Khanna, senior vice chairman and common supervisor of well being at Salesforce
“General, I noticed a number of tendencies that emerged throughout the healthcare ecosystem, notably:
Suppliers are nonetheless dealing with labor shortages, and inflation is placing strain on their operational price.
Public well being funding has elevated, and the COVID platforms are being prolonged to turn out to be public well being supply platforms.
Worth-based care fashions are being adopted.
Well being plans are transferring extra in the direction of member engagement.
Digital well being funding has decreased.”
Kevin McRaith, president and CEO of Welldoc
“The latest flurry of FDA approvals for GLP-1 medicines has fueled an developed give attention to weight administration. This new class of weight, weight problems and cardiometabolic administration medicine presents large alternatives to impression rapid weight reduction and enhance general well being.
“The decision for advancing AI with the purpose of optimizing care fashions and the care expertise, whereas prioritizing personalised care and shopper engagement, additionally endured as key themes in 2023.”
Ann Bilew, SVP, well being and group common supervisor, WebMD Ignite
“What a wild and loopy yr it was. We didn’t do something small in 2023 – it appeared each transfer was massive. Main new drug launches; massive splashy bankruptcies; vital disruptions in Medicaid; thrilling, doubtlessly game-changing applied sciences; abrupt management modifications at some giant organizations. It additionally gave the impression to be a ‘story of two cities’ with among the giant gamers discovering their footing and beginning to report constructive development and a return to profitability whereas others proceed to report file losses.”
The HIMSS AI in Healthcare Discussion board is going down on December 14-15, 2023, in San Diego, California. Study extra and register.
Digital well being leaders focus on their largest takeaways from 2023
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