⚕️Unveiled: CTMS Software Cost

Good Morning. Today, the users of ARPANET, the forerunner to the Internet, received an ad that was believed to be the first spam e-mail, back in 1978.

From its humble beginnings, spam now constitutes roughly 50% of the emails circulating the Internet. What remains unchanged is the feeling of ire it provoked in its recipients.

DEEP DIVE
Unveiled: Clinical Trial Management Software Cost

The list of healthcare organizations opting for CTMS solutions to enhance care services is growing. OneOncology, a cancer center network announced the deployment of CTMS across 11 of its oncology units to tackle the issue of minimum participation of adult cancer patients for clinical trials.

For researchers and healthcare organizations looking to invest in CTMS solutions, drawing out the ideal budget estimate is the first step in getting started.

This article takes a deep dive into critical aspects impacting clinical trial management software cost. These include

• Setup fees

• Compliance expenses

• System integrations

• Customization cost

Read the detailed guide on budgeting for software cost along with all the factors impacting CTMS cost here.

PULSE POINTS
Latest Breakthroughs This Week

Here’s the most important breakthroughs and advancements we spotted in the healthcare technology space this week.

• AI: Intermountain Health is deploying Nuance's DAX Copilot, which uses generative AI to automate clinical note-taking during patient visits, to physicians and advanced practice providers across its system. This enterprisewide rollout is aimed at improving clinical and operational efficiency.

• Healthcare LLMs: 36% of technical leaders in healthcare have a clear preference for custom-built, task-specific language models, that address specific needs within the healthcare domain, over general-purpose LLMs. The most common use cases for LLMs in healthcare are answering patient questions (21%), medical chatbots (20%), and information extraction/data abstraction (19%).

• Telehealth exits: Several disruptors in the healthcare industry- Walmart, Optum and Walgreens' VillageMD - are closing or scaling back their healthcare services in 2024. These decisions, which include shutting down physical clinics and telehealth platforms, have sparked concerns about access to care for thousands of patients across the U.S.

• Healthcare mobile app: Cedars-Sinai has created a generative AI app, CS Connect, that can interact with patients and ask them questions. the app also aids hospital physicians by analyzing patient communications, producing summaries and offering potential diagnoses.

• Value-based care: Kaiser Permanente is teaming up with a healthcare technology company to deploy its AI platform, which integrates patient data across various systems, to aid its value-based care initiatives. 

• Stats: Patient experience measures are showing early signs of rebounding. This marks the first signs of improvement in the patient experience measures since COVID-19, though figures are still down from prepandemic levels.

• Policy: The Federal Trade Commission made changes to the Health Breach Notification Rule as it aims to better address the evolving landscape of health technology. The changes clarify the rule's scope regarding health apps and similar technologies while expanding the information covered entities must provide to consumers in the event of a breach of their health data.

DECODER
Product Spotlight: Biovibe (Bioresonance Therapy)

HealthTech Zen got in touch with Jaime Iredale, co-founder and CEO of Biovibe, a 2-way health app that focuses on Bioresonance therapy.

What personal or professional experiences influenced the creation of Biovibe?

I was victim of a home explosion including oil and gas. Whilst in the hospital I began working with a BioResonance practitioner in Thailand, using remote technology. I would send her my voice sample from the hospital bed, she would analyze it and send me back the corresponding frequencies to help my mind and body heal.

I was meant to be in the hospital under critical condition for 3 months. I was out in 5 weeks, back in the same kitchen, cooking on the same open flame. It was at this point that I decided to dedicate my life to the commercialization and global roll out of this discovered technology.

What problem are you aiming to solve? How do you think Biovibe can address this?

I believe much of the world’s problems stem from centralized health and energy control. By decentralizing first line access to basic health services, all from a users 15 second voice sample, we aim to greatly address these issues.

Imagine a world where everyone with a mobile device had access to a 2-way virtual AI nurse that could detect early signs of illness and disease from a simple voice sample. Voice analysis is instant and with AI and machine learning applied, provides more insight than our most trusted medical professionals.

Continue reading here.