Private equity transactions have become increasingly popular in the healthcare industry, with companies seeking to take advantage of the opportunities presented by this dynamic market. This trend came to a head in 2022, with the private equity industry achieving its second-highest year of healthcare dealmaking. Naturally, as more healthcare companies become interested in pursuing private [...]
A study released in early 2022 revealed that 89 percent of healthcare organizations had been the target of a cyberattack in the previous 12 months, and another prominent example of the dangers facing such systems occurred just a few months later, when Chicago-based CommonSpirit Health experienced a ransomware attack, compromising the private information of its [...]
Recent advances at MIT, Oregon State and James Madison University strongly suggest that in the years ahead technology will play an increasing role in physical therapy, a global market that is expected to be valued at $2.2 billion by 2027, nearly $1.7 billion more than in 2020. Moreover, these advances, all in various stages of [...]
The New York Times reported that 477 Americans died of COVID-19 on Oct. 4, 2022, a fact little noted by a large portion of the populace, which had long before moved on from the pandemic. But it’s still going on. There are those who might not want to believe that, but it is. Things are, [...]
In April 2022, Dr. Helen Ouyang, a practicing physician, associate professor at Columbia University and New York Times contributor, examined in that media outlet virtual reality’s efficacy in managing chronic pain. In so doing she detailed the case of a retired high school biology teacher from Greenport, N.Y., named Robert Jester, who in 2016 broke [...]
Running parallel to the pandemic has been the burnout epidemic afflicting those working in the healthcare sector. While the deluge of patients in need of care in the early stages of the crisis was undoubtedly a contributor, the bigger factor was the administrative responsibilities attached to that. The Medscape National Physician Burnout & Suicide Report [...]
According to the Centers for Disease Control and Prevention, about half of all Americans have been prescribed a medication of some kind, and at least 25 percent have been prescribed at least three – the operative word here being “prescribed,”as opposed to “use.” Between 20 and 30 percent of those prescriptions are never filled, and [...]
As much as blockchain has been making its presence felt in the insurance sector in recent years, it is expected to become that much greater moving forward. Juniper Research confirms as much in a recent report entitled “Blockchain in Financial Services: Key Opportunities, Vendor Strategies & Market Forecasts, 2021-2030.” Blockchain, an immutable digital ledger that [...]
Wearables – especially those used for medical purposes – are becoming increasingly prominent, but so too are the security and privacy risks associated with them. According to Fortune Business Insights, the global wearable medical device market, which stood at $29.76 billion in 2019, is expected to mushroom to $195 billion by 2027, a staggering compound [...]
As of Jan. 5, 2022, over 400,000 clinical trials were being conducted somewhere in the world, according to ClinicalTrials.gov. Such trials offer invaluable insights into new treatment regimens, new medications and new devices, while at the same time making available to patients certain treatments that are not otherwise accessible to them. Clinical trials have in [...]