Victor Chai’s Post

Is health IT innovation being stifled by monopolies? The recent antitrust lawsuit by Particle Health against Epic Systems raises a critical question: Is big EHR power blocking new entrants and innovation? With Epic dominating 36% of hospital EHRs, startups like Particle Health are claiming Epic uses its control to limit competition. As new, API-driven platforms challenge the status quo, this event will explore how APIs are revolutionizing data access and reshaping healthcare IT. Join us, Pawan Jindal, MD John Powderly II MD Jason Kulatunga, for an eye-opening panel discussion, "The API Advantage: How API-First Data Platforms Are Disrupting Health IT in the US," on October 3rd at 12:00 PM EDT. Click here to register: https://lnkd.in/eu8pUeR6 Let’s discuss how we can break the monopoly, foster competition, and deliver better care by harnessing the power of APIs!

Following the #MTIP conference, I mentioned in a post here that there was a lot of buzz in the air about further #consolidation in the #healthtech sector. Only a few weeks later, we see this happening both in the US and Europe, and I wouldn't be surprised if this is just the starting point of more to come. - WebMD acquires Healthwise: expanding their footprint in patient engagement - Veradigm buys ScienceIO: bringing in LLM capabilities - DarioHealth acquires Twill: getting to scale more quickly - Kenbi taking over Lioncare (rescuing the latter that went bankrupt previously): consolidation in ambulatory care I'm keen to hear your thoughts: How do you see these and other recent M&A activities impacting the future of healthcare? Will we finally get to critical mass in health tech? Or are we just witnessing the fallout of the 2021 investment craze?

𝐇𝐞𝐚𝐥𝐭𝐡 𝐓𝐞𝐜𝐡 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐄𝐩𝐢𝐜'𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 Particle Health has filed an #antitrust lawsuit against industry giant #EpicSystems. The startup alleges that Epic is leveraging its #monopoly power to stifle competition and innovation in the health data exchange market. #ParticleHealth claims Epic's practices have effectively blocked them from accessing patient data, despite having the necessary legal authorizations. This lawsuit highlights the ongoing struggle between established players and new entrants in the #HealthTech sector, focusing on issues of data interoperability and market competition. The case raises important questions about the balance between protecting patient data and fostering innovation in healthcare. Examples include defining "Treatment" in the context of data access, establishing clear guidelines for interoperability, addressing ethical considerations around secondary data use, and ensuring regulatory oversight to promote fair competition. As the industry watches closely, the outcome of this lawsuit could have far-reaching implications for the future of health data exchange and the competitive landscape in healthcare IT. https://lnkd.in/eet774xD #HealthTech #HealthcareInnovation #DataInteroperability Impact Healthcare Solutions Healthcare Business Management Association Healthcare Financial Management Association (HFMA)

Particle Health: 7 things to know about the startup taking on Epic As Epic Systems continues to dominate the healthcare EHR market, a new challenger is stepping forward with a lawsuit accusing the industry giant of unlawfully controlling access to U.S. medical records. The lawsuit, filed by startup Particle Health, claims Epic is using its market power to stifle competition and limit the flow of patient data. https://buff.ly/3ZV786A

Particle Health has filed an antitrust lawsuit against Epic, claiming that the EHR giant is blocking competition in the emerging payer platform market. The suit accuses Epic of leveraging its dominance in health records to hinder the exchange of patient data and prevent competitors like Particle from innovating. This legal battle highlights the critical issue of interoperability in healthcare and the need for greater competition to benefit patients and providers. #HealthTech #Antitrust #EHR #DigitalHealth #Interoperability #Healthcare #PatientCare

🚨 Mark your calendars, everyone, because the Datacubed Health #dreamteam is headed to San Diego, CA, on May 23 to co-host the 2024 Clinical Operations & Clinical Trials Supply Chain Strategy Meeting! It'll be a time filled with discussing what's new in the industry, challenges people are facing, and solutions to overcome them. More details below ⬇ #clinicaloperations #clinicaltrials #eclinical

⚡ Astrana Health ranks among the rare breed of publicly traded digital health players that can actually turn a profit, so it’s worth paying attention to when they join forces with a company like Awell to push their advantage even further. The VBC-enabler will be scaling Awell's CareOps platform across its network to enhance patient care and its provider experience, while also laying an agile foundation to accelerate future innovations. https://lnkd.in/eXJ8bUWy

We’re excited to see this coverage on HIMSS with Gregory LeGrow, MBA, Executive Director of Payer Product Market Strategy at athenahealth that highlights how the team of collaborators is addressing pain points for physicians and showcases how collaboration across the ecosystem (including with payers) can modernize the prior authorization process. #athenahealth #healthcareTech #HealthTech #healthcareIT

We’re excited to see this coverage on HIMSS with Gregory LeGrow, MBA, Executive Director of Payer Product Market Strategy at athenahealth that highlights how the team of collaborators is addressing pain points for physicians and showcases how collaboration across the ecosystem (including with payers) can modernize the prior authorization process. #athenahealth #healthcareTech #HealthTech #healthcareIT

Q1 2024 was big for Digital Health, with $1.1B in VC funding. A large portion came from major deals like $126M for Transcarent and $108.8M for Rightway. Despite some challenges in digital therapeutics and telehealth, investments in general care ($213.4M) and health benefits navigation ($140.7M) are promising. Read what’s driving the shift from direct-to-consumer to enterprise telehealth models here: https://ow.ly/uNYs50SpXGh