Curated GI articles August 6th, 2021: Digital GI company raises $30 million from Eli Lilly and others


Curated GI articles August 6th, 2021: Digital GI company raises $30 million from Eli Lilly and others

Curated GI articles August 6th, 2021:
Digital GI company raises $30 million from Eli Lilly and others
Gastro Health adds 7-physician practice in Virginia (Becker’s GI & Endoscopy)
This will be Gastro Health’s 11th partnership in the region. It has partnerships in six states: Florida, Alabama, Washington, Virginia, Ohio and Maryland.
Eli Lilly joins $30M Series A financing for startup bringing AI analysis to endoscopy (MedCity News)
The artificial intelligence-based technology of Iterative Scopes brings computer vision analysis to endoscopic images.
Exact Sciences announced its Q2 2021 results. Here are 14 takeaways from the earnings call (NextServices)
Total revenue was $434.8M, an increase of 62%. The company anticipates Screening revenue of $1,100-$1,125M, Precision Oncology revenue of $530-$540M, and COVID-19 testing revenue of $75-$80M.
21 new ASCs in July (Becker’s ASC Review)
From Massachusetts to Arizona, here are the 21 ASCs opened or announced in July, as reported by Becker’s ASC Review.
Biotech and pharmaceutical company team up to identify GI biomarkers (Becker’s GI & Endoscopy)
Through the partnership, Second Genome will pair its sg-4-sight discovery engine with Arena’s Cultivate clinical trial to identify microbiome biomarkers.
How One Drive-By Clinic Fought Declining CRC Screening Rates (Medscape)
The Flu-FIT program is designed to increase CRC screening among adults and to give healthcare providers an opportunity to promote this among their patients at the time of their annual flu vaccine.
3 PE GI Solutions Partner Centers Receive AAAHC Accreditation (KPVI)
The Digestive Disease and Endoscopy Center, South Broward Endoscopy, and Access Surgery Center have successfully passed AAAHC Accreditation survey.
Medscape Physician Assistant Career Satisfaction Report 2021 (Medscape)
The decision comes after Atrium Health and Novant Health announced that vaccines would be mandatory for staff, spurring hundreds of healthcare workers to protest against the requirement.
Verily launches AI research center in Israel, picks up Google Health projects (Fierce Biotech)
Google’s Verily also hopes to pick up the torch from the tech giant’s previous work in digital health, such as the use of AI to help detect suspicious polyps in real time during screenings for colorectal cancer.
InterVenn Biosciences Raises $201 Million for AI-driven Glycoproteomic Platform, Liquid-Biopsy development (Business Wire)
The company utilizes a glycoproteomics biomarker interrogation platform using AI and mass spectrometry for next-gen precision medicine.
Gastroenterologist pay by years of experience: 12 stats (Becker’s GI & Endoscopy)
Gastroenterologists earn an average salary of $406,000, the seventh highest-paid medical specialty in 2021, and reach their highest rate of compensation after about 15 years of practice.
Docs Fight Back After Losing Hospital Privileges, Patients, and Income (Medscape)
Physicians did not lose their privileges because of a clinical failure. Rather, it was because of hospital’s decision to enter into an exclusive contract with another set of providers.
Five common financial mistakes physicians often make (Healio)
Here are the five top financial mistakes Dr. Bhatia has seen in fellow physicians, especially at the beginning of their careers. As published in the ‘Forward Thinking column in Orthopedics Today’, a Healio publication.
CMS grants additional reimbursement for single-use duodenoscope (Becker’s GI & Endoscopy)
The add-on is applicable to Boston Scientific’s Exalt Model D Single-Use Duodenoscope, a device designed to eliminate infections caused by ineffective reprocessing of reusable duodenoscopes.
Digital Therapeutics Extend Their Reach in Neurology (Medscape)
In wake of promising results and several ongoing clinical studies, neurologists (and other doctors) may soon be prescribing video games alongside conventional therapies for several conditions.
Podcast: Diversity, Equity and Inclusion in GI with Sophie M. Balzora, MD (Healio)
In this podcast episode, Sophie M. Balzora, MD, FACG, discusses  the importance of having a true diversity, equity and inclusion initiative in the health care field and more.
Twitter Found to Be Key GI Educational Tool (Gastroenterology & Endoscopy News)
According to findings from a survey of more than 230 gastroenterologists and other GI-focused providers who use the social media app.
Huge wins for GI in Labor-HHS bill  (AGA)
The House bill includes AGA language directing NIH to study the pandemic’s impact on CRC screenings in minority communities.

More Hot headlines in GI
Cerecor announces positive results for CERC-002 in Crohn’s disease treatment (Healio)

North Carolina GI practice mandating COVID vaccine for workers (Becker’s GI & Endoscopy)

Healthcare out-of-pocket spending rises to $491B (Becker’s Payer Issues)

The Open-Source Movement Comes to Medical Datasets (Stanford University)

5-physician endoscopy center sold in New Mexico (Becker’s GI & Endoscopy)

Personalized feedback, positive reinforcement aids NAFLD patients (Healio)

JPMorgan’s new health business makes inaugural investment in start-up Vera Whole Health (CNBC)

Procedure-less intragastric balloon is cost-effective in obesity management (Healio)

The Link Between Your Gut and Heart Health (Everyday Health)

Controversies in Gastroparesis: Discussing the Sticky Points (AJG)

The role of tech in public healthcare (Healthcare Global)

Videos: Interviews with GI Leaders  (NextServices)

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