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In the News

The Evolving B2B2C Health Tech Landscape

September 28, 2023

View profile for Michael Pace

Health Technology + Medicines Commercialization Leader ▪️ Global Market Access & Reimbursement Catalyst ▪️ Digital Therapeutics Value Evidence & GTM Architect ▪️ U.S. Outcomes-based Agreements & PDT Coverage Pioneer

12h Edited

WOW! What a myriad of models and solution set extensions that dominate this B2B2C landscape w/ #activation as a primary choke point We've swapped out Sharecare for Castlight Health based on a leading ecosystem scale of ~37 solutions, exceeding that of Virgin Pulse with ~35, which also announced this week its merging in a middle-market focused $3B #TPA + #DigitalHealth & #Wellness deal https://lnkd.in/e9xeB86U. Interestingly, Morgan Health has invested in this deal, while also being an investor in apree health, parent co of Castlight Health. Collective Health (~30), Solera Health (~24), Accolade, Inc. (~15) and Quantum Health's (~12) solution sets round things out in this segment. On the #pharmacy led and #healthplan affiliated side of the digital #health aggregator landscape, UHC Hub was launched in the Summer by UnitedHealthcare and has grown to a #digital solution set exceeding that of Aetna, a CVS Health Company and Cigna Healthcare affiliated incumbents, CVS Health and Evernorth Health Services. Recently Brightside was added to UHC Hub, not long after Noom’s recent add, bringing the UHC Hub ecosystem 18. Evernorth remains at 14, while
CVS Health remains at 11 solutions. #healthinsurance #healthcarebenefits #employeebenefits #software #medicaldevices #digitaltherapeutics #PDTs #pharmacybenefitmanagement #healthandwellness #eap #benefitconsultants #marketaccess PalmHealthCo🌴

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Amazon Invests $4 Billion into the AI Space with Anthropic

September 28, 2023

Amazon Invests $4 Billion into the AI Space with Anthropic

Money is pouring into AI at a record pace.

Joshua Koszalkowski

Contributing Writer

Amazon has joined the ranks of Google and Microsoft with its latest investment in artificial intelligence. The e-commerce giant committed $4 billion to the AI startup firm Anthropic, giving it minority ownership in the company.

Why it matters: This investment marks a major shift for Amazon as it looks to become a forerunner in the generative AI space. It also gives Anthropic momentum as the small startup attempts to compete with OpenAI, the developer of ChatGPT. In this strategic collaboration, Anthropic has also selected Amazon Web Services (AWS) as its primary cloud provider. Anthropic also plans to give its customers first access to select features for model customization and greater fine-tuning capabilities.

Amazon has been diligently working to catch up with Microsoft, which has invested billions in OpenAI and Google. The company’s investment in Anthropic is a significant step in the right direction.

AWS customers who wish to build on Anthropic’s AI models will have the option to do so with Amazon Bedrock. This is a service that allows users to construct generative AI applications in the cloud through existing models instead of having to train their own.

As part of the agreement, Amazon will also become Anthropic’s source for custom chips for use in training and deploying its unique AI systems. This partnership will give the e-commerce giant a leg in the race against Nvidia.

Go Deeper —> Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI – CNBC

0

Read More

NYU Langone Health promotes generative AI innovation with 'prompt-a-thon'

September 27, 2023

NYU Langone Health’s MCIT Department of Health Informatics, Institute for Innovation in Medical Education and Institute for Excellence in Health Equity held their first Generative AI Prompt-A-Thon in Health Care this past month.

During the event, teams of clinicians, educators and researchers worked together to find artificial intelligence-powered solutions to healthcare challenges using real-world, de-identified patient data.

The event addressed large language models (LLMs) that predict likely options for the next word in any sentence, paragraph or essay, based on how real people used words in context billions of times in documents on the internet.

Also called generative AI, LLM systems randomly fill in a mix of probable next words to give a feeling of variety and creativity. A side effect of this next-word prediction is the models are "skillful" at summarizing long texts, extracting key information from databases, and generating human-like conversations as chatbots.

Despite these advancements, such AI programs do not think, and can produce conclusions and references that do not exist, Prompt-A-Thon organizers said. Thus, they require close supervision by human users, especially in healthcare, where the technology has the potential to increase safety and improve care.

THE PROBLEM

"The problem we faced was how to engage members of our workforce that might have transformative uses for generative AI and might not be technologically savvy enough to participate in our other capacity-building initiatives like exploratory access or mentored projects," said Dr. Jonathan Austrian, associate chief medical information officer, inpatient informatics, at NYU Langone Health.

"These other initiatives worked well for highly motivated colleagues who solely needed our HIPAA-compliant, patient-secure NYU GPT to safely experiment with real-life clinical data or proprietary research ideas," he explained. "Our mentored projects were ideal for researchers, educators and clinicians who already had a more well-formed idea to leverage generative AI and required mentorship from our data scientist team to shepherd their ideas to the next level."

The gap was those frontline clinicians, researchers, educators and operational leaders who understand the problems the health system faces but need some concentrated time and in-person support to connect generative AI with those challenges. There was significant demand from the workforce to close this gap, and the fastest and most efficient means of meeting that demand was through an event coined a prompt-a-thon, Austrian said.

PROPOSAL

The Generative AI Prompt-A-Thon in Health Care was a mechanism to rapidly engage a large segment of the NYU Langone Health workforce in generative AI and, in parallel, publicize the health system's existing program of engagement initiatives to those who could not be accommodated by the prompt-a-thon.

The prompt-a-thon was intended to lower the barriers for the workforce to engage with generative AI. Staff highlighted the in-person nature of the event, at-elbow mentorship by generative AI experts and that no prior experience with generative AI was required.

Dr. Jonathan Austrian, NYU Langone Health

"Beyond engaging a larger segment of our workforce in generative AI, we also felt such an in-person event mixing different specialties, roles and experiences could create those novel ideas and relationships that drive innovation: a true community of learning," Austrian said.

RESULTS

The health system will be using the results of the Generative AI Prompt-A-Thon in many ways.

"First, the 70 people who participated in person and the more than 500 people who watched the webinar remotely are incorporated into our community of learners that we will continue to engage with access to GPT, updates on available technologies and additional approaches to leveraging generative AI," Austrian explained.

"Second, we anticipate many of the ideas generated during Prompt-A-Thon will be further refined by our community and will ultimately evolve into applications operationalized at NYU and disseminated to the world," he continued.

Third, the direct observations by mentors and results of the survey that was conducted will inform how the health system continues to build its internal capacity to leverage generative AI.

"We invited our health science library staff to observe the workshops, as they will be collaborating with us on formalizing a curriculum in generative AI," Austrian said. "Based on the success of the event, we will be doing Prompt-A-Thons on the road with smaller groups of researchers, educators, clinicians and members of our corporate services.

"And finally, we learned much about the technological infrastructure needed to support scalable, intensive use of generative AI," he said. "Specifically, we had 70 people synchronously prompting NYU GPT. Concurrently, in our command center, we had our data scientist team observing those interactions in real time to understand any error messages or processing delays."

NYU Langone Health's partners at Microsoft were also on site to help ensure participants had a seamless technological experience and the health system can scale the experience as it expands usage.

The preliminary results of the survey speak to the impact of the prompt-a-thon on attendees. Of the 62 who responded, 90% believe the prompt-a-thon increased how efficiently they could perform their job with generative AI. Eighty-four percent said they were likely to submit a healthcare-related generative AI project.

ADVICE FOR OTHERS

Austrian definitely recommends other healthcare organizations consider an event similar to the Generative AI Prompt-A-Thon in Health Care.

"For the introductory talks, we spent significant time describing the capabilities of generative AI and the important ethical and trust issues to consider when using generative AI," he recalled. "Next time, we will spend a little more time on prompt engineering basics.

"We had to strike a balance between having our mentors be engaged in the prompting groups without stifling innovation or disrupting the group dynamics," he continued. "We settled on one mentor for every two teams of four people per team. Given how new generative AI is, I recommend staffing one mentor per team. The 'blank' prompting page was overwhelming for some of our groups in the beginning."

Finally, Austrian said he cannot overstate the importance of having a strong technological infrastructure to accommodate a prompt-a-thon.

"Our IT department spent significant time stress-testing NYU GPT and developing creative solutions to load balance all the users," he concluded. "Sometimes, I felt like Captain Kirk speaking to our engineering team: 'Scotty, we need more compute!'"

Follow Bill's HIT coverage on LinkedIn: Bill Siwicki
Email him: bsiwicki@himss.org
Healthcare IT News is a HIMSS Media publication.

Read More

Boards Still Lack Cybersecurity Expertise

September 27, 2023

Few board directors at the most prominent U.S.-listed companies have direct experience with cybersecurity, presenting a challenge for how executives handle cyberattacks.

An analysis of board composition in companies in the S&P 500 index found that 88% have no cybersecurity expert as a director. Only seven companies had a current or former chief information security officer on their board, the research found, and in two cases, that was the same person.

“This lack of momentum in the boardroom continues to startle me,” said Dave DeWalt, founder and chief executive at venture-capital firm NightDragon, who also sits on the boards of Delta Air Lines and software company Five9. NightDragon and the Diligent Institute, the research and think-tank arm of executive software developer Diligent, conducted the study, published Thursday.

Cyber expertise was broadly defined as people who currently work or formerly worked in CISO roles; those who held senior technology positions, but not necessarily cyber roles; and those who had technology experience without having held senior positions.

About 52% of companies had a board director with some technology experience adjacent to cybersecurity. This includes people who sit on the boards of cyber companies or have an affiliation with a cybersecurity-related professional organization.

Cyber credentials on the board are now crucial for good governance, said Emily Heath, a general partner at VC firm Cyberstarts. Heath, a former security chief at United Airlines and tech provider DocuSign, sits on the boards of cyber companies Wiz and Gen Digital.

Directors, in their oversight role, are responsible for ensuring risks are properly managed, including cyber risk, Heath said. “You have to have that cyber knowledge and expertise to know what questions to ask,” she said.

The results of the Diligent/NightDragon study largely mirror similar research conducted by The Wall Street Journal in November 2022. That analysis found that only 86 of 4,621 board directors in S&P 500 companies had relevant experience in cybersecurity over the past 10 years. 

Proposed rules from the U.S. Securities and Exchange Commission would have required companies to disclose which board members had cyber experience, although that provision was dropped from the final rules that went into effect on Sept. 5.

Photo: Patrick T. Fallon/Bloomberg News

Directors say that it is often difficult to find the right candidates for a board-level position. Cybersecurity is a highly technical field and one in which executives have only recently been elevated to the senior leadership level. Board work demands wide business experience that many security chiefs lack, said Myrna Soto, founder and chief executive of consulting firm  Apogee Executive Advisors.

Soto, who is also a director at Spirit Airlines, banking group Popular, and payroll and benefits administrator TriNet Group, said boards typically discuss cyber matters for a limited amount of time during their meetings. Other issues require their attention, and any cyber expert must be able to justify his or her seat by being able to contribute to those discussions.

“It is incredibly important that the candidates that will be on the docket to bring this type of expertise into the boardroom are very well-rounded business executives,” she said.

Solving this problem will take effort from boards and cybersecurity professionals, said NightDragon’s DeWalt. Security chiefs must expand their overall business knowledge, companies must elevate the CISO role to a true C-suite position, and boards must become better educated about cyber matters.

“I really want to see a continuous education requirement for cyber literacy in the boardroom,” he said. 

Write to James Rundle at james.rundle@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Read More

The Evolving B2B2C Health Tech Landscape

September 28, 2023

View profile for Michael Pace

Health Technology + Medicines Commercialization Leader ▪️ Global Market Access & Reimbursement Catalyst ▪️ Digital Therapeutics Value Evidence & GTM Architect ▪️ U.S. Outcomes-based Agreements & PDT Coverage Pioneer

12h Edited

WOW! What a myriad of models and solution set extensions that dominate this B2B2C landscape w/ #activation as a primary choke point We've swapped out Sharecare for Castlight Health based on a leading ecosystem scale of ~37 solutions, exceeding that of Virgin Pulse with ~35, which also announced this week its merging in a middle-market focused $3B #TPA + #DigitalHealth & #Wellness deal https://lnkd.in/e9xeB86U. Interestingly, Morgan Health has invested in this deal, while also being an investor in apree health, parent co of Castlight Health. Collective Health (~30), Solera Health (~24), Accolade, Inc. (~15) and Quantum Health's (~12) solution sets round things out in this segment. On the #pharmacy led and #healthplan affiliated side of the digital #health aggregator landscape, UHC Hub was launched in the Summer by UnitedHealthcare and has grown to a #digital solution set exceeding that of Aetna, a CVS Health Company and Cigna Healthcare affiliated incumbents, CVS Health and Evernorth Health Services. Recently Brightside was added to UHC Hub, not long after Noom’s recent add, bringing the UHC Hub ecosystem 18. Evernorth remains at 14, while
CVS Health remains at 11 solutions. #healthinsurance #healthcarebenefits #employeebenefits #software #medicaldevices #digitaltherapeutics #PDTs #pharmacybenefitmanagement #healthandwellness #eap #benefitconsultants #marketaccess PalmHealthCo🌴

  • No alternative text description for this image

See more comments

To view or add a comment, sign in

Read More

Amazon Invests $4 Billion into the AI Space with Anthropic

September 28, 2023

Amazon Invests $4 Billion into the AI Space with Anthropic

Money is pouring into AI at a record pace.

Joshua Koszalkowski

Contributing Writer

Amazon has joined the ranks of Google and Microsoft with its latest investment in artificial intelligence. The e-commerce giant committed $4 billion to the AI startup firm Anthropic, giving it minority ownership in the company.

Why it matters: This investment marks a major shift for Amazon as it looks to become a forerunner in the generative AI space. It also gives Anthropic momentum as the small startup attempts to compete with OpenAI, the developer of ChatGPT. In this strategic collaboration, Anthropic has also selected Amazon Web Services (AWS) as its primary cloud provider. Anthropic also plans to give its customers first access to select features for model customization and greater fine-tuning capabilities.

Amazon has been diligently working to catch up with Microsoft, which has invested billions in OpenAI and Google. The company’s investment in Anthropic is a significant step in the right direction.

AWS customers who wish to build on Anthropic’s AI models will have the option to do so with Amazon Bedrock. This is a service that allows users to construct generative AI applications in the cloud through existing models instead of having to train their own.

As part of the agreement, Amazon will also become Anthropic’s source for custom chips for use in training and deploying its unique AI systems. This partnership will give the e-commerce giant a leg in the race against Nvidia.

Go Deeper —> Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI – CNBC

0

Read More

NYU Langone Health promotes generative AI innovation with 'prompt-a-thon'

September 27, 2023

NYU Langone Health’s MCIT Department of Health Informatics, Institute for Innovation in Medical Education and Institute for Excellence in Health Equity held their first Generative AI Prompt-A-Thon in Health Care this past month.

During the event, teams of clinicians, educators and researchers worked together to find artificial intelligence-powered solutions to healthcare challenges using real-world, de-identified patient data.

The event addressed large language models (LLMs) that predict likely options for the next word in any sentence, paragraph or essay, based on how real people used words in context billions of times in documents on the internet.

Also called generative AI, LLM systems randomly fill in a mix of probable next words to give a feeling of variety and creativity. A side effect of this next-word prediction is the models are "skillful" at summarizing long texts, extracting key information from databases, and generating human-like conversations as chatbots.

Despite these advancements, such AI programs do not think, and can produce conclusions and references that do not exist, Prompt-A-Thon organizers said. Thus, they require close supervision by human users, especially in healthcare, where the technology has the potential to increase safety and improve care.

THE PROBLEM

"The problem we faced was how to engage members of our workforce that might have transformative uses for generative AI and might not be technologically savvy enough to participate in our other capacity-building initiatives like exploratory access or mentored projects," said Dr. Jonathan Austrian, associate chief medical information officer, inpatient informatics, at NYU Langone Health.

"These other initiatives worked well for highly motivated colleagues who solely needed our HIPAA-compliant, patient-secure NYU GPT to safely experiment with real-life clinical data or proprietary research ideas," he explained. "Our mentored projects were ideal for researchers, educators and clinicians who already had a more well-formed idea to leverage generative AI and required mentorship from our data scientist team to shepherd their ideas to the next level."

The gap was those frontline clinicians, researchers, educators and operational leaders who understand the problems the health system faces but need some concentrated time and in-person support to connect generative AI with those challenges. There was significant demand from the workforce to close this gap, and the fastest and most efficient means of meeting that demand was through an event coined a prompt-a-thon, Austrian said.

PROPOSAL

The Generative AI Prompt-A-Thon in Health Care was a mechanism to rapidly engage a large segment of the NYU Langone Health workforce in generative AI and, in parallel, publicize the health system's existing program of engagement initiatives to those who could not be accommodated by the prompt-a-thon.

The prompt-a-thon was intended to lower the barriers for the workforce to engage with generative AI. Staff highlighted the in-person nature of the event, at-elbow mentorship by generative AI experts and that no prior experience with generative AI was required.

Dr. Jonathan Austrian, NYU Langone Health

"Beyond engaging a larger segment of our workforce in generative AI, we also felt such an in-person event mixing different specialties, roles and experiences could create those novel ideas and relationships that drive innovation: a true community of learning," Austrian said.

RESULTS

The health system will be using the results of the Generative AI Prompt-A-Thon in many ways.

"First, the 70 people who participated in person and the more than 500 people who watched the webinar remotely are incorporated into our community of learners that we will continue to engage with access to GPT, updates on available technologies and additional approaches to leveraging generative AI," Austrian explained.

"Second, we anticipate many of the ideas generated during Prompt-A-Thon will be further refined by our community and will ultimately evolve into applications operationalized at NYU and disseminated to the world," he continued.

Third, the direct observations by mentors and results of the survey that was conducted will inform how the health system continues to build its internal capacity to leverage generative AI.

"We invited our health science library staff to observe the workshops, as they will be collaborating with us on formalizing a curriculum in generative AI," Austrian said. "Based on the success of the event, we will be doing Prompt-A-Thons on the road with smaller groups of researchers, educators, clinicians and members of our corporate services.

"And finally, we learned much about the technological infrastructure needed to support scalable, intensive use of generative AI," he said. "Specifically, we had 70 people synchronously prompting NYU GPT. Concurrently, in our command center, we had our data scientist team observing those interactions in real time to understand any error messages or processing delays."

NYU Langone Health's partners at Microsoft were also on site to help ensure participants had a seamless technological experience and the health system can scale the experience as it expands usage.

The preliminary results of the survey speak to the impact of the prompt-a-thon on attendees. Of the 62 who responded, 90% believe the prompt-a-thon increased how efficiently they could perform their job with generative AI. Eighty-four percent said they were likely to submit a healthcare-related generative AI project.

ADVICE FOR OTHERS

Austrian definitely recommends other healthcare organizations consider an event similar to the Generative AI Prompt-A-Thon in Health Care.

"For the introductory talks, we spent significant time describing the capabilities of generative AI and the important ethical and trust issues to consider when using generative AI," he recalled. "Next time, we will spend a little more time on prompt engineering basics.

"We had to strike a balance between having our mentors be engaged in the prompting groups without stifling innovation or disrupting the group dynamics," he continued. "We settled on one mentor for every two teams of four people per team. Given how new generative AI is, I recommend staffing one mentor per team. The 'blank' prompting page was overwhelming for some of our groups in the beginning."

Finally, Austrian said he cannot overstate the importance of having a strong technological infrastructure to accommodate a prompt-a-thon.

"Our IT department spent significant time stress-testing NYU GPT and developing creative solutions to load balance all the users," he concluded. "Sometimes, I felt like Captain Kirk speaking to our engineering team: 'Scotty, we need more compute!'"

Follow Bill's HIT coverage on LinkedIn: Bill Siwicki
Email him: bsiwicki@himss.org
Healthcare IT News is a HIMSS Media publication.

Read More

Boards Still Lack Cybersecurity Expertise

September 27, 2023

Few board directors at the most prominent U.S.-listed companies have direct experience with cybersecurity, presenting a challenge for how executives handle cyberattacks.

An analysis of board composition in companies in the S&P 500 index found that 88% have no cybersecurity expert as a director. Only seven companies had a current or former chief information security officer on their board, the research found, and in two cases, that was the same person.

“This lack of momentum in the boardroom continues to startle me,” said Dave DeWalt, founder and chief executive at venture-capital firm NightDragon, who also sits on the boards of Delta Air Lines and software company Five9. NightDragon and the Diligent Institute, the research and think-tank arm of executive software developer Diligent, conducted the study, published Thursday.

Cyber expertise was broadly defined as people who currently work or formerly worked in CISO roles; those who held senior technology positions, but not necessarily cyber roles; and those who had technology experience without having held senior positions.

About 52% of companies had a board director with some technology experience adjacent to cybersecurity. This includes people who sit on the boards of cyber companies or have an affiliation with a cybersecurity-related professional organization.

Cyber credentials on the board are now crucial for good governance, said Emily Heath, a general partner at VC firm Cyberstarts. Heath, a former security chief at United Airlines and tech provider DocuSign, sits on the boards of cyber companies Wiz and Gen Digital.

Directors, in their oversight role, are responsible for ensuring risks are properly managed, including cyber risk, Heath said. “You have to have that cyber knowledge and expertise to know what questions to ask,” she said.

The results of the Diligent/NightDragon study largely mirror similar research conducted by The Wall Street Journal in November 2022. That analysis found that only 86 of 4,621 board directors in S&P 500 companies had relevant experience in cybersecurity over the past 10 years. 

Proposed rules from the U.S. Securities and Exchange Commission would have required companies to disclose which board members had cyber experience, although that provision was dropped from the final rules that went into effect on Sept. 5.

Photo: Patrick T. Fallon/Bloomberg News

Directors say that it is often difficult to find the right candidates for a board-level position. Cybersecurity is a highly technical field and one in which executives have only recently been elevated to the senior leadership level. Board work demands wide business experience that many security chiefs lack, said Myrna Soto, founder and chief executive of consulting firm  Apogee Executive Advisors.

Soto, who is also a director at Spirit Airlines, banking group Popular, and payroll and benefits administrator TriNet Group, said boards typically discuss cyber matters for a limited amount of time during their meetings. Other issues require their attention, and any cyber expert must be able to justify his or her seat by being able to contribute to those discussions.

“It is incredibly important that the candidates that will be on the docket to bring this type of expertise into the boardroom are very well-rounded business executives,” she said.

Solving this problem will take effort from boards and cybersecurity professionals, said NightDragon’s DeWalt. Security chiefs must expand their overall business knowledge, companies must elevate the CISO role to a true C-suite position, and boards must become better educated about cyber matters.

“I really want to see a continuous education requirement for cyber literacy in the boardroom,” he said. 

Write to James Rundle at james.rundle@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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