This week in Healthcare: Providers bank on cloud-based solutions for compliance and research requirements

Latest Industry Insights from Draup Braindesk

Healthcare Payors 

Insurers are enhancing their business operation engagements by adopting technologies such as AI, RPA, and Data Analytics.  

Cloud-based Compliance Management  

  • Considering the need of agility towards the compliance processes, payors are preferring cloud-based data management platforms to quickly adapt to the rapidly changing norms with new laws and regulations.  

Anomaly Detection  

  • Insurers are relying on technologies such as AI/ML, blockchain, big data/analytics to identify anomalies in the insurance processes.   

API health insurance   

  • The API health insurance model, uses a list of pre-defined health insurance products accessible to websites and app providers via an application programming interface (API)  
Healthcare Insurance AI chatbots to engage policyholders through a personalized, conversational experience. 
  • Humana uses intelligent bot to collect information across multiple systems in real-time, which help agents to answer quickly. These AI based bots helps customer service reps with vocal clues of the members. 
  • Optum launched Advanced Communication Engine sends timely notifications and feedback to providers on actionable errors or information gaps that often trigger claim denials. 
  • Molina Healthcare launched a coronavirus chatbot2 to enable customers to access information regarding the pandemic and address their frequently asked questions. 

Healthcare Providers 

The providers are banking on technologies such as AI, RPA, cloud, and big data/analytics to adopt the trends such as EHR, teleconsulting, and AI/ML-based diagnostics to modernize their business models.  

Hybrid Cloud Architecture   

  • In a bid to scale the organizational data management platforms, healthcare providers are opting for hybrid cloud architecture to move their legacy applications and EHR data from one place to hyperscalers’ solutions such as AWS, Google Cloud, and Microsoft Azure  

AI/ML-based Diagnostics  

  • With the help of AI/ML algorithms coupled with big data/analytics, healthcare providers can make the diagnostics process simpler and more effective.  

Connected Devices   

  • Connected devices enable the hospitals and patients to share the necessary data in offering remote services.  

Tele-consulting & Tele-medicine Platforms  

  • IoT-based tele-servicing platform reduces the need of in-person meetings as wearable devices enable healthcare workers to have real-time information on patient data to offer teleconsulting and tele-medicine services. 


The increasing investments, growth of technology startups, advancement in drug discovery, and developing inter-organizational collaborations are spurring innovation across the pharma industry trends.  

Computational Drug Discovery  

  • Using cloud computing and AI to make the drug development process faster and develop traditional medications. Hyperscale cloud providers are vital new partners for drug development.  

Electronic Prescription Software  

  • This software allows to generate & send e-prescription, reduces dosage errors, improves patient safety, simplifies treatment workflow, and increases patient satisfaction.  

Mobility Solution  

  • Mobility adoption helps Pharma companies facilitate better customer engagement, deliver better products, drive sales quickly and increase productivity that leads to a more significant ROI. 


Photorealistic 3D make viewing anatomical images intuitive across all clinical specialties leading to better diagnoses, surgical planning, education, and outcomes. 

  • Medtronic develops, manufactures, and markets integrated diabetes management solutions which include insulin pump therapy, continuous glucose monitoring systems, and management software for therapy. 
  • The Alcon digital health platform can be integrated with Alcon’s existing cataract diagnostic equipment, electronic medical record (EMR) systems and technologies in the Cataract Refractive Suite. 
  • Siemens introduced photorealistic 3D visualization technology Cinematic Rendering app for the HoloLens 2. It includes a mixed-reality headset, gives surgeons a realistic 3D overview of the surgical area. 

Companies are focusing on digital devices and shifting towards a more collaborative product development process with high reliance on technologies such as AI/ML, robotics, cloud, and IoT.  
Cloud Platform Development  

  • Enables medical devices companies to accelerate time to market and reduce the cost of implementation and maintenance across products.  

Point-of-care Platforms  

  • Digital point-of-care testing platforms will benefit from leveraging AI and ML to drive the next phase of infectious disease POC testing. AI transforms the way that results are gathered, analyzed, and delivered in terms of speed and efficacy for providers and patients.  

Clinical Data Monitoring Devices  

  • Provide data about device performance, malfunctions, patient alarm systems and improves patient outcomes to make evidence-based decisions.   

Software as a Medical Device (SaMD)  

  • SaMD provides patients more access to medical devices, ownership over their treatment, and overall health. Allows faster feedback loop on SaMD products than traditional medical devices.  

Latest Reports Published in Draup

Sanofi Account Intelligence Report: QSanofi relies on improving digital capabilities that can leverage AI, wearable devices, big data, and cloud technology. Read More>>
McKesson Corporation Account Intelligence Report: McKesson is widening its business to improve drug distribution and focuses on advancing career treatment drug supply. Read More>>

Key Funding Alert

Diabetes reversal leader company Virta Health raises USD 133 Mn
Virta Health — the leader in type 2 diabetes reversal — announced $133 million of equity financing led by Tiger Global. And the latest funding round will accelerate Virta’s efforts to drive widespread adoption of its telehealth-powered diabetes reversal treatment. 
Read More>>

Startup Spotlight

Company – Valera Health  
HQ Location –  Greater New York City, USA
Total Funding – USD 11.91 Mn
About: Valera Health mobilizes healthcare organizations to scale human-centered care management. Using mobile technology, Valera Health makes it easy for patients and care teams to connect when and where care is needed. Read More>>

Key Insights and Signals – Hospital & Healthcare

Blue Cross Blue Shield of Arizona leverages Innovaccer Health Cloud to prepare for CMS interoperability compliance 
The partnership will enable BCBSAZ to reduce barriers to data exchange across the healthcare value chain, while fully meeting CMS interoperability requirements. Read More>>
Mayo Clinic partners with private data sharing startup 
Mayo Clinic is working with TripleBlind on data analysis and algorithm training to increase interoperability of encrypted algorithms used for private data. Read More>>
Tampa General partners with renowned Israeli hospital for cutting-edge healthcare 
The collaboration is part of a three-year agreement between TGH and Sheba Medical, where the two hospitals intend to focus on education, training, innovation, and research. Read More>>
Mergers and Acquisitions
Manipal Hospitals completes acquisition of 100% stake in Columbia Asia 
With this acquisition, Manipal Hospitals becomes India’s second largest multi-speciality hospital chain. Read More>>
Anthem, Inc. completes acquisition of myNEXUS home health benefits manager  
myNEXUS delivers integrated clinical support services for 1.7 million Medicare Advantage members across 20 states. Read More>>
Humana to fully acquire Kindred at Home for USD 5.7Bn 
By taking full ownership of Kindred at Home, Humana is deepening its investment in becoming a care provider as well as a payer, with a particular focus on the quickly growing older adult population in the United States. Read More>>
Molina buys up Cigna’s Medicaid business in Texas for USD 60 Mn 
With this deal, Molina will expand upon its existing services in Texas as a part of its growth strategy. Read More>>
Executive Movement
Bupa appoints new group CFO  
James Lenton was previously the CFO of Hammerson plc, managing their European portfolio, and was a board member of AIG’s European Group, a position he held for four years. Read More>>
Deal and Deal Renewal
Assure Holdings enters into in-network agreement with Aetna Colorado
The agreement will help streamline the company’s billing and collections process in Colorado by including contracted rates, payment of claims within 45 days, medical necessity conditions and dispute resolution steps. Read More>>
Qualtrics chosen by Stanford Health Care to transform the health system’s patient experience program 
The Qualtrics XM/OS is being used for the first time by an academic medical center to reimagine patient experience and build a culture of continuous design and improvement across its health system. Read More>>
Centre setup and Expansion
Sanford opens new clinic for specialty needs 
The clinic offers better access for patients who otherwise would have to travel for treatments. and it allows physicians to build their own program designed around their practice. Read More>>
Augusta Health opens new diabetes/endocrinology center 
This innovation in diabetes and endocrinology care is part of Augusta Health’s strategic plan, Journey 2025, to expand and enhance access to outpatient services throughout the region. Read More>>

Key Insights and Signals in Pharmaceuticals 

Daiichi Sankyo announces research collaboration with LogicBio Therapeutics 
The companies will collaborate on the development of treatments for two undisclosed indications with high unmet need based on GeneRide™, LogicBio’s proprietary gene insertion platform. Read More>>
Shionogi and Inveniai enter AI-powered multi-target drug discovery collaboration
Both companies will work together by leveraging InveniAI’s technology to identify, evaluate, and optimize novel targets for drug discovery. Read More>>
Executive Movement
Antares Pharma appoints Dr. Peter Richardson as executive vice president, research and development and chief medical officer.  
In this role, Dr. Richardson will oversee the Company’s proprietary research and development programs, including ideation, formulation, clinical operations, pharmacovigilance, and medical affairs. Read More>>
Deal and Deal Renewal
Britain agrees deal for 60 million more for Pfizer COVID-19 vaccines 
Britain will buy 60 million more doses of Pfizer/BioNTech’s COVID-19 vaccine to support its COVID-19 booster vaccination programme starting in autumn this year. Read More>>
Sanofi to manufacture Moderna’s Covid-19 vaccine in the US 
Sanofi has entered an agreement to manufacture up to 200 million doses of Moderna’s Covid-19 vaccine at its Ridgefield manufacturing site, New Jersey, USA. Read More>>

Key Insights and Signals in MedTech

Sientra and Butterfly Network announce strategic partnership to improve diagnostic surveillance of breast implant patients 
The partnership builds on Sientra’s safety profile by empowering surgeons with Butterfly Network’s cutting-edge point-of-care ultrasound technology to screen and evaluate patients with breast implants. Read More>>
HMI Group and Siemens Healthineers enters strategic partnership to advance healthcare delivery in Southeast Asia
It focuses on upgrading HMI Group’s healthcare facilities, anchoring on digitalization, and enhancing local talent pool. It includes further development of Centres of Excellence (CoEs) for Cancer, Neuroscience and Cardiovascular diseases, to improve treatment and patient care in these clinical areas. Read More>>
Japan’s Terumo boosts global plasma collection and delivery platform with CSL     
The new platform expedites digitally-enabled collection of prepared blood and cells to help treat challenging diseases and conditions. Read More>>
Mergers and Acquisitions
Halma buys childbirth monitoring firm for USD 58 Mn 
PeriGen’s technology protects mothers and their unborn babies by alerting doctors, midwives and nurses to potential problems during childbirth. Read More>>
Deal and Deal Renewal
Quidel signs retail distribution agreement to increase access to at-home COVID-19 testing 
National distribution fulfillment agreement will make QuickVue® At-Home rapid antigen tests available to families, schools, and workplaces for use without a prescription. Read More>>
Center Expansion
Gerresheimer opens medical plastic systems plant in N. Macedonia 
Gerresheimer is a leading global partner to the pharma and healthcare industries. The company has production facilities in North and South America as well as in Europe and Asia, generating revenues of 1.4 billion euro. Read More>>
Lonza unveils plan for USD 218 Mn small-molecule manufacturing facility in Switzerland 
The facilities’ initial buildout will cover the payload manufacturing for antibody-drug conjugates (ADCs), including all required containment measures for the highly potent materials. Read More>>
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