Healthcare Insights, ?October 2023

Pharma

- AstraZeneca announced on October 5th the successful completion of Phase II trials for a new rheumatoid arthritis drug. This drug is the first of its kind to be approved by the FDA in over a decade. This development could offer a new treatment pathway for over 1.3 million Americans affected by the condition.

- Eli Lilly received FDA approval on October 12th for a novel antibiotic aimed at combating drug-resistant bacterial infections. This could be a game-changer in the fight against antibiotic resistance.

Hospital

- Stanford Health Care partnered with Oracle Cloud on October 9th to improve patient data management. This collaboration aims to enhance patient care by streamlining data access for healthcare providers.

- Mount Sinai reported on October 17th the implementation of a new electronic health record (EHR) system. The new EHR system is Epic, which is one of the most popular EHR systems in the United States. This could improve patient outcomes by providing a more comprehensive view of medical histories.

AI and Digital Transformation

- Google Health announced on October 3rd a new AI algorithm for early detection of lung cancer. This could significantly improve survival rates by identifying the disease at a more treatable stage.

- Apple introduced on October 20th a machine learning model to predict patient readmissions which is based on data from over 1 million patients. This could help hospitals manage resources more effectively, potentially reducing healthcare costs.

Homecare and Remote Monitoring

- Garmin launched on October 7th a new wearable focused on senior health. The device includes fall detection, features for tracking heart rate, sleep quality, activity levels and emergency response features, potentially improving the safety of older adults living alone.

- Withings introduced on October 15th a smart thermometer that syncs with a mobile app. This could allow for better tracking of symptoms and quicker responses to health changes.

Mental Health

- BetterHelp partnered with UK healthcare providers on October 10th to expand its online therapy services. This could make mental health support more accessible to a broader population.

- Headspace announced on October 22nd a new program aimed at corporate mental health. This could help address the increasing rates of burnout and stress in the workplace.