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 [...]
For all that the Covid-19 pandemic has been an exhausting and extensive trial of the U.S. health system, it has also given the sector a once-in-a-generation chance to advance itself beyond all expectations. When faced with the challenges and burdens of a public health emergency, care providers and research organizations embraced innovative solutions, setting the [...]
It’s no understatement to say that telehealth has exploded in popularity over the last several months. Faced with the once-in-a-lifetime challenge of navigating a global pandemic, patients initially flocked to telehealth solution because it would allow them to access convenient, high-quality care without breaking social distancing or inadvertently stressing already-overburdened health care centers. According to [...]
The medical community has been aware of the role that social factors play in determining health outcomes for years -- but evidence of the fact has never been quite so abundantly clear. Even a cursory glance over COVID-19 data reveals an inarguable link between infection rates, fatalities, and social determinants of health such as poverty, [...]
If a health organization doesn’t understand how to sift through the data it collects, even a massive trove of information will effectively become useless. The healthcare industry is a font of information. This is by necessity; patient care needs, record-keeping mandates, and compliance requirements alike demand the almost-perpetual generation of data. Care organizations accumulate mountains [...]
Private equity has long been an industry reliant on middlemen. Investors source deals through networks of business connections, turning to investment bankers, brokers, attorneys, and business connections for introductions to high-potential companies and founders. This approach works well enough, albeit at cost; given that investors often have to compete at auctions to win a deal, [...]
Will America’s tech giants be instrumental in carrying the healthcare sector into a technology-powered future? If we take recent industry developments as indicators, the answer appears to be a resounding yes. In early December of last year, the healthcare information services provider Cerner announced its intent to collaborate with Amazon Web Services (AWS). The [...]
Will Microsoft design the blueprints for the future of digitally-facilitated healthcare? The answer seems likely -- but for once, the tech company won’t be able to accomplish its lofty goals alone. At the close of October, Microsoft and the health insurance giant Humana forged a strategic partnership. Over the next seven years, the partners [...]
When I started managing money in 1984 Chicago, people made a living out of yelling across the exchange floor. The room was perpetually in a state of frenzy; well-dressed professionals shouted instructions to colleagues poised over landlines and notepads, while runners darted in and out of the trading pits to ferry paper tickets between the [...]
Health care private equity was a standout star in 2018's investment sector, and its place at the head of the pack is likely to continue into the new year. Investors have reason to be optimistic; healthcare-centered investments underwent a boom last year. According to statistics from Bain & Company, the total disclosed deal value reached [...]