# Advisory * **Definition:** A group of experts providing guidance, insights, and recommendations to healthcare organizations or professionals to enhance decision-making, optimize operations, and improve patient care. * **Taxonomy:** CTO Topics / Advisory ## News * Selected news on the topic of **Advisory**, for healthcare technology leaders * 32.2K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 5/17/2025 | [**Mergers And Acquisitions Advisory Market 2025: Strategic Sourcing and Manufacturing Insights**](https://www.linkedin.com/pulse/mergers-acquisitions-advisory-market-2025-strategic-d4wxc) | [[Linkedin]] | | 4/15/2025 | [**Duchesnay Pharmaceutical Group creates Advisory Board to help guide the Group's growth ...**](https://www.prnewswire.com/news-releases/duchesnay-pharmaceutical-group-creates-advisory-board-to-help-guide-the-groups-growth-and-success-302428251.html) | [[PR Newswire]] | | 4/3/2025 | [**SWI Group Announces Strategic Advisory Board - PR Newswire**](https://www.prnewswire.com/news-releases/swi-group-announces-strategic-advisory-board-302418588.html) | [[PR Newswire]] | | 3/12/2025 | [**CoachCare Acquires VitalTech, Expanding RPM and Virtual Care Capabilities**](https://hitconsultant.net/2025/03/12/coachcare-acquires-vitaltech/) | [[HIT Consultant]] | | 3/11/2025 | [**WearOptimo Introduces World-Class Advisory Board to Further Advance Microwearable ...**](https://finance.yahoo.com/news/wearoptimo-introduces-world-class-advisory-120000702.html) | [[Yahoo Finance]] | | 2/20/2025 | [**Trump cuts long COVID, health equity committees in new EO - Fierce Healthcare**](https://www.fiercehealthcare.com/ai-and-machine-learning/trump-cuts-long-covid-health-equity-committees-new-eo) | [[FierceHealthcare]] | | 2/11/2025 | [**Professional Services Market to Grow by USD 2.08 Trillion from 2024-2028, Driven ... - PR Newswire**](https://www.prnewswire.com/news-releases/professional-services-market-to-grow-by-usd-2-08-trillion-from-2024-2028--driven-by-business-process-digitalization-report-with-market-evolution-powered-by-ai---technavio-302373527.html) | [[PR Newswire]] | | 2/5/2025 | [**TrekNorth Investment Management and Matterhorn Private Wealth Partner with RFG ...**](https://finance.yahoo.com/news/treknorth-investment-management-matterhorn-private-140800764.html) | [[Yahoo Finance]] | | 2/4/2025 | [**Incannex Healthcare Appoints Alison Wimms, Ph.D. to Newly Formed IHL-42X Obstructive Sleep Apnea (OSA) Clinical Advisory Board**](https://www.globenewswire.com/news-release/2025/02/04/3020440/0/en/Incannex-Healthcare-Appoints-Alison-Wimms-Ph-D-to-Newly-Formed-IHL-42X-Obstructive-Sleep-Apnea-OSA-Clinical-Advisory-Board.html) | [[Globe Newswire]] | | 2/4/2025 | [**Walgreens Marks One-Year Anniversary of Deans Advisory Council, Driving Progress in Addressing Pharmacy Industry Challenges**](http://www.businesswire.com/news/home/20250204745680/en/Walgreens-Marks-One-Year-Anniversary-of-Deans-Advisory-Council-Driving-Progress-in-Addressing-Pharmacy-Industry-Challenges/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 2/3/2025 | [**LabConnect Announces Formation of Strategic Advisory Board and Appointment of ... - PR Newswire**](https://www.prnewswire.com/apac/news-releases/labconnect-announces-formation-of-strategic-advisory-board-and-appointment-of-inaugural-members-302366606.html) | [[PR Newswire]] | | 1/13/2025 | [**Morningstar Launches Direct Advisory Suite, a Powerful, Modernized Software Solution for Financial Advisors**](http://www.businesswire.com/news/home/20250112082084/en/Morningstar-Launches-Direct-Advisory-Suite-a-Powerful-Modernized-Software-Solution-for-Financial-Advisors/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 1/2/2025 | [**An advisory after listeria was found in vegetables sold under a Walmart store brand**](https://www.aol.com/advisory-listeria-found-vegetables-sold-161119208.html) | [[AOL]] | | 12/12/2024 | [**SPRINGLINE ADVISORY ANNOUNCES PARTNERSHIP WITH CLARK, RAYMOND & COMPANY**](https://www.prnewswire.com/news-releases/springline-advisory-announces-partnership-with-clark-raymond--company-302329246.html) | [[PR Newswire]] | | 12/9/2024 | [**Helix Advisory and ZignaAI Partner to Introduce Cutting-Edge Payer AI Technology to Providers**](https://www.prnewswire.com/news-releases/helix-advisory-and-zignaai-partner-to-introduce-cutting-edge-payer-ai-technology-to-providers-302326393.html) | [[PR Newswire]] | | 12/9/2024 | [**Joining An Advisory Board: Risks And Rewards**](https://www.forbes.com/sites/priyacherianhuskins/2024/12/09/joining-an-advisory-board-risks-and-rewards/) | [[Forbes]] | | 12/4/2024 | [**The Identity Theft Resource Center Expands its AIR Advisory Board - PRWeb**](https://www.prweb.com/releases/the-identity-theft-resource-center-expands-its-air-advisory-board-302313904.html) | [[PRWeb]] | | 9/18/2024 | [**Promotor(a) or Community Health Worker (CHW) Training and Certification Advisory ...**](https://www.hhs.texas.gov/about/communications-events/meetings-events/2024/10/30/promotora-or-community-health-worker-chw-training-certification-advisory-committee-agenda) | hhs.texas.gov | | 9/17/2024 | [**Apple's Latest Health Updates: A Neurological Game-Changer in Disguise - NeurologyLive**](https://www.neurologylive.com/view/apple-latest-health-updates-neurological-game-changer-disguise) | neurologylive.com | | 9/12/2024 | [**Leveraging Advisory Boards: A Solution for Public Companies**](https://www.jdsupra.com/legalnews/leveraging-advisory-boards-a-solution-7319693/) | [[JD Supra]] | | 9/4/2024 | [**How the biggest companies prepare for a tech crisis - EY - US**](https://www.ey.com/en_us/media/webcasts/2024/09/how-the-biggest-companies-prepare-for-a-tech-crisis) | ey.com | | 9/2/2024 | [**Geopolitics Help Drive Growth in Global CTRM Software Market Size - PRWeb**](https://www.prweb.com/releases/geopolitics-help-drive-growth-in-global-ctrm-software-market-size-302234855.html) | [[PRWeb]] | | 8/30/2024 | [**The US Health & Wellness Spa Market To Reach $24.77 Billion By 2029, Personalized ...**](https://www.barchart.com/story/news/28302138/the-us-health-wellness-spa-market-to-reach-2477-billion-by-2029-personalized-wellness-and-advanced-technology-reshaping-the-market-arizton) | barchart.com | | 8/24/2024 | [**Community Leaders to Discuss Childcare Solutions at Lake Area Tech College - KXLG**](https://www.mykxlg.com/news/local/community-leaders-to-discuss-childcare-solutions-at-lake-area-tech-college/article_e58b4656-6244-11ef-aaf2-533053f6b29b.html) | mykxlg.com | | 8/22/2024 | [**HNIs are targeting tech, pharma, fintechs in the start-up space, says Priti Goel of Prisha Wealth Management**](https://www.msn.com/en-in/money/markets/hnis-are-targeting-tech-pharma-fintechs-in-the-start-up-space-says-priti-goel-of-prisha-wealth-management/ar-AA1pj8sP) | msn.com | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **Manifest**: A company that established an Advisory Board to support its growth in SBOM and AIBOM management. - **RFG Advisory**: A firm that has significantly grown its assets and advisor base, emphasizing technology support and strong culture. - **MedHQ**: Offers advisory and administrative solutions to healthcare organizations. - **Schellman**: A CPA firm that established an Advisory Board to enhance its leadership in compliance and cybersecurity. - **bladestack.io**: First organization to incorporate 'Advisory Focused' into its name on the FedRAMP Marketplace, emphasizing its commitment to quality management and technical expertise in cybersecurity and compliance. - **J.S. Held**: A global consulting firm that has launched a new Strategic Advisory practice. - **Tracksuit**: A company that formed a Global Advisory Board to guide its growth and brand strategy. - **Allay Therapeutics**: A clinical-stage biotechnology company expanding its advisory boards for clinical candidate support. - **ApolloMD**: A healthcare services company that has established a Strategic Advisory Board to enhance collaboration and innovation in healthcare delivery. - **Syntheia Corp.**: Formed an Advisory Board to enhance strategic direction in conversational AI. - **Shannon Spotswood**: CEO of RFG Advisory, emphasizing support for entrepreneurial advisors. - **EBSC0 Clinical Decisions**: An organization that has established a Generative Artificial Intelligence Advisory Council for responsible AI use in clinical decision support. - **Videra Health**: An AI-driven mental health assessment platform that formed an Advisory Board to guide its innovation. - **California Attorney General Rob Bonta**: Issued legal advisories regarding AI compliance in the healthcare sector. - **Helix Advisory**: A firm specializing in optimizing revenue cycle management in healthcare. - **Duchesnay Pharmaceutical Group**: A pharmaceutical company that has formed an Advisory Board to support its growth and strategic direction in women's health. - **Vizient Advisory Services**: Ranked as a top healthcare IT consulting firm, focusing on digital transformation and strategic healthcare planning. ### Partnerships and Collaborations - **Schellman's Advisory Board**: Schellman has formed an inaugural Advisory Board to enhance its leadership and strategic growth. - **Springline Advisory and CRC**: A partnership to enhance access to larger firm capabilities while maintaining personalized client service. - **Videra Health Advisory Board**: The board consists of leaders in healthcare technology and mental health to guide the company's innovation. - **P2P Group Limited**: Expanded its Advisory Board to enhance strategic guidance in spatial intelligence technology. - **FDA and Digital Health Advisory Committee**: The FDA has formed the Digital Health Advisory Committee to discuss generative AI in medical devices and other digital health technologies. - **Fortis Capital Advisors and LRVS Advisory Group**: Merged to enhance expertise and service offerings in the financial advisory sector. - **Rebellis Group and Toney Healthcare**: Announced a partnership that includes Advent Advisory Group to enhance healthcare consulting services. - **Allay Therapeutics**: Expands its Clinical and Scientific Advisory Boards to enhance support for its clinical candidate. - **Thoughtworks and Redbridge**: Partnered to enhance data and analytics capabilities for improved client advisory experiences. - **Hallmark Health Care Solutions**: Established a Strategic Advisory Board to guide initiatives addressing labor challenges in healthcare. - **Walgreens Clinical Trials Team**: Collaborates with the Patient Advisory Board to gather insights from patients to improve clinical trial recruitment and retention. - **Helix Advisory and ZignaAI**: A partnership aimed at enhancing revenue cycle management in healthcare through AI technology. - **Melinta Therapeutics**: Membership in NHIA's Future of Infusion Advisory Council to enhance patient care in home infusion. - **MedHQ and 424 Capital**: Partnered to accelerate growth and expand service offerings in healthcare advisory solutions. - **Manatt's New Managing Directors**: Manatt has added four new Managing Directors to strengthen its consulting and advisory capabilities in healthcare. - **Cofactor Genomics and Dr. Howard McLeod**: Appointment of Dr. McLeod to the Advisory Board to implement the OncoPrism test in healthcare systems. - **DocGo MAB**: The MAB aims to assist in developing innovative healthcare programs leveraging the expertise of its members. - **Therma Bright and Michael Raimondo**: Therma Bright appointed Michael Raimondo to its advisory board to enhance sales and business development efforts. - **UL Solutions and OpenEngagement**: Partnered to assist Australian companies with climate reporting requirements. - **Amarna Therapeutics SAB**: The SAB will provide expertise in clinical development and regulatory affairs to support the company's gene therapy programs. ### Innovations, Trends, and Initiatives - **Healthcare Advisory Board by Hippocratic AI**: Formed to guide the company on healthcare industry issues, including economics, policy, and risk management. - **Generative AI Advisory Council by EBSCO Clinical Decisions**: Established to provide oversight for responsible AI use in clinical decision support. - **Patient Advisory Board**: Formed by Walgreens to improve community-centered clinical research and increase access for historically excluded communities. - **3 Boomerang Capital's Advisory Board**: Provides actionable insights and strategic counsel to portfolio companies. - **Rainfall Health's Advisory Committee**: Aims to improve healthcare access and reduce disparities through measurable benchmarks. - **J.S. Held**: Offers a comprehensive suite of services including dispute advisory and sustainability consulting, enhancing its advisory capabilities. - **Science Advisory Board by Sparian Biosciences**: Focused on pain and substance use disorders, enhancing the company's research capabilities. - **California AG's AI Advisories**: Clarifies compliance requirements for AI in healthcare, emphasizing consumer protection. - **ApolloMD**: The Strategic Advisory Board will meet quarterly to drive innovation and improve patient and provider experiences. - **Lightbeam Health Solutions Advisory Services**: Helps organizations achieve significant savings and improve outcomes for high-risk patients. - **Digital Health Advisory Committee**: The DHAC will focus on evaluating digital health technologies, including AI/ML, virtual reality, and remote patient monitoring. - **U.S. Surgeon General's advisory on alcohol**: Highlighting the link between alcohol consumption and cancer risk, advocating for public awareness. - **FSR Scientific Advisory Board**: Expansion to 25 members to provide strategic guidance on research and clinical trials. - **ClariMed, Inc.**: Expanded its Strategy & Advisory services in Europe to strengthen its position in human factors engineering. - **Vizient Advisory Services**: Recognized for improving supply chain efficiency and inventory management through advanced analytics. - **PlatformQ Health's Medlive Advisory Board**: Focused on developing educational strategies for emerging therapies, including CAR T-cell therapy. - **Helix Advisory**: Launched with a dual approach to address complexities in the U.S. healthcare revenue cycle using AI and RPA. - **Arsenal Capital Partners**: Formed a Digital and AI Advisory Board to enhance market strategies in technology-driven healthcare. - **Quantum-Si**: Established a Scientific Advisory Board to guide its scientific and development strategies in proteomics. - **Hallmark Center for Healthcare Workforce Excellence**: Aimed at addressing labor challenges in the healthcare sector through strategic advisory initiatives. ### Challenges and Concerns - **Advisory Boards**: While they enhance decision-making, they come with risks such as legal considerations regarding liability and indemnification. - **BARR Advisory**: Focuses on transforming compliance into a competitive advantage amidst regulatory challenges. - **Legal and Financial Liabilities**: While advisory board members face lower liabilities than board members, they should still be cautious of potential lawsuits. - **Potential Conflicts of Interest**: Advisory board members may face conflicts if the company operates within their industry or competes with their current employer. - **Cybersecurity Threats**: Increasing threats in healthcare necessitate strong advisory roles to mitigate risks. - **FDA advisory committee concerns**: Concerns about the effectiveness and toxicity of PD-L1 inhibitors in cancer treatment. - **Walgreens Deans Advisory Council**: Addressing challenges related to the talent pipeline and reimbursement reform in the pharmacy profession. - **CFPB's advisory opinion on medical debt**: Legal challenges regarding new requirements imposed on debt collectors. - **HICPAC**: Faces potential dissolution due to federal budget cuts, which could impact the development of infection control guidelines. - **Regulatory Approvals**: Navigating clinical trials and regulatory approvals is a significant challenge for companies like Amarna Therapeutics. - **Healthcare Technology Regulations**: The evolving landscape of digital health technologies necessitates ongoing evaluation and guidance from regulatory bodies. - **Healthcare IT Consulting Firms**: Concerns about the need for transparency and credibility in rankings and evaluations, as highlighted by Black Book Research. - **Value-Based Care**: Healthcare organizations must adapt to demands for value-based care while managing costs and improving patient outcomes. - **AI Compliance Risks**: Potential violations of consumer protection laws in the use of AI in healthcare. - **Generative AI Risks**: The DHAC will address potential risks and unintended consequences of generative AI in medical devices. - **AI in healthcare risks**: Concerns about balancing innovation with patient safety and privacy as AI adoption grows. - **Cybersecurity**: Increasing reliance on digital infrastructure raises concerns about protecting against threats and vulnerabilities. - **Info-Tech Research Group**: Highlights challenges such as data silos, compliance issues, and cybersecurity threats in healthcare. - **Low Participation in Clinical Trials**: Only 5% of the U.S. population participates in clinical trials, leading to delays in medication availability.