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What happens with patient data if a tech company folds.

Hi again! We’re back, fresh off our team outing and feeling rejuvenated and inspired. One of the highlights from the AHCJ conference: Senior Reporter Maia Anderson moderated a book talk panel with Jen Gunter, an ob-gyn and author. They discussed her new book Blood: The Science, Medicine and Mythology of Menstruation.

In today’s edition:

🫡 Protecting patient data

Readers’ choice

Moderna’s AI rewards

—Cassie McGrath, Nicole Ortiz, Courtney Vinopal

DATA PRIVACY

Hand picking up one of many binary code profile icons from a file folder.

Anna Kim

As the health tech industry continues to grow—valued at $908.5 billion in 2023 and projected to hit $3.1 trillion by 2033, according to Allied Market Research—so does the amount of patient data floating around.

But many of the companies on the market right now, from smartwatch and AI scribe developers to primary care companies, sell relatively similar products. And in a competitive market like healthcare, that means they aren’t all going to survive. Global information company Health Tech World reported that 90% of health techs eventually fail.

Forward, for example, was a primary care startup that offered virtual appointments in health pods around the country. The company’s abrupt end in November 2024 (it had launched in 2016 and raised $650 million over the course of its life) sparked concerns about closing procedures, as patients had a hard time retrieving their health records and maintaining access to prescriptions, Fierce Healthcare reported at the time.

Experts told us what might happen to a patient's data if a company unexpectedly folded and what safely shutting down looks like.

See how experts advise protecting patient data.—CM

together with Indeed - Careers in Care

TOP STORIES

SpongeBob and Patrick are sitting down raising their hands in the air in celebration

SpongeBob SquarePants/Nickelodeon via Giphy

Our readers have spoken, and they’re saying, “Healthcare Brew is our favorite healthcare news source, hands down!” And then there’s lots of confetti and cheering and general merriment.

Or at least that’s what we’re picturing as we reflect back on some of our top-read stories from the first half of the year.

Here’s a look at five of our most-read stories since January and what they delved into.

5. Prior authorization gold cards might need a new prescription by Caroline Catherman

Did you know that some payers offered gold cards to help address long prior authorization wait times? Well, we took a look at what they were and if they were actually working to address the issue. (Spoiler: They’re not really helping much so far.)

Find the full list here.—NO

ARTIFICIAL INTELLIGENCE

The exterior of a Moderna office is pictured.

Veronique D/Getty Images

It’s no secret that Moderna is all-in on AI.

The biotech firm, which is perhaps best known for making Covid-19 vaccines, has partnered with OpenAI since 2023, and has designed more than 3,000 custom versions of ChatGPT to perform functions specific to the company, according to the Wall Street Journal.

And that’s not all. Its head of HR, Tracey Franklin, now oversees both HR and technology functions as Moderna’s inaugural chief people and digital technology officer. In its annual report last year, the company touted the fact that 4,500 of its employees “were actively engaged with AI tools each month.”

Keep reading on HR Brew.—CV

Together With Thoropass

VITAL SIGNS

A laptop tracking vital signs is placed on rolling medical equipment.

Francis Scialabba

Today’s top healthcare reads.

Stat: $40 million. That’s how much this startup has raised to make lab-grown organs. (Stat)

Quote: “We’re probably going to stop publishing in the Lancet, New England Journal of Medicine, JAMA, and those other journals because they’re all corrupt.”—HHS Secretary Robert F. Kennedy Jr., on potentially stopping government researchers from publishing in top medical journals (the Washington Post)

Read: Ozempic lost control of the obesity market. Here’s an inside look into how that happened. (the Wall Street Journal)

Clock out: Indeed’s Off the Clock is a three-day event in NYC for healthcare pros to relax, unwind, and connect. Enter for a chance to win an all-expenses-paid trip. Terms and conditions apply.*

*A message from our sponsor.

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