# Feasibility Analysis * **Definition:** A systematic evaluation process used to assess the practicality, viability, and potential success of a proposed healthcare project or technology, considering factors such as technical requirements, financial implications, regulatory compliance, and stakeholder impact. * **Taxonomy:** CTO Topics / Feasibility Analysis ## News * Selected news on the topic of **Feasibility Analysis**, for healthcare technology leaders * 4.1K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 3/11/2025 | [**CareAllies Leads 2025 Black Book Survey for Eighth Consecutive Year as Top-Rated Value ...**](https://finance.yahoo.com/news/careallies-leads-2025-black-book-110000892.html) | [[Yahoo Finance]] | | 2/10/2025 | [**Technology Architect Harish Kumar Reddy Kommera Wins 2024 Global Recognition Award**](https://markets.businessinsider.com/news/stocks/technology-architect-harish-kumar-reddy-kommera-wins-2024-global-recognition-award-1034336395) | [[Business Insider Markets]] | | 1/20/2025 | [**From Concept To Reality: Mastering The Development Life Cycle Of Healthcare Software**](https://www.forbes.com/councils/forbestechcouncil/2025/01/21/from-concept-to-reality-mastering-the-development-life-cycle-of-healthcare-software/) | [[Forbes]] | | 1/3/2025 | [**Artificial Intelligence, Digital Tools and the Future of Healthcare**](https://www.cioreview.com/cxoinsight/artificial-intelligence-digital-tools-and-the-future-of-healthcare-nid-40679-cid-31.html) | [[CIO Review]] | | 12/30/2024 | [**5 Beaten-Down MedTech Stocks Set to Rebound in 2025 - Yahoo Finance**](https://finance.yahoo.com/news/5-beaten-down-medtech-stocks-132200212.html) | [[Yahoo Finance]] | | 12/17/2024 | [**Ryght AI Launches Global Clinical Trial Site Network with the University of Southern ...**](https://www.prnewswire.com/news-releases/ryght-ai-launches-global-clinical-trial-site-network-with-the-university-of-southern-california-as-their-first-academic-site-302330828.html) | [[PR Newswire]] | | 12/15/2024 | [**HiRO Forges Strategic Partnership with CHA University Bundang Medical Center in South Korea**](https://www.prnewswire.com/news-releases/hiro-forges-strategic-partnership-with-cha-university-bundang-medical-center-in-south-korea-302332124.html) | [[PR Newswire]] | | 12/15/2024 | [**HiRO Forges Strategic Partnership with CHA University Bundang Medical Center in South Korea**](https://www.prnewswire.com/apac/news-releases/hiro-forges-strategic-partnership-with-cha-university-bundang-medical-center-in-south-korea-302332122.html) | [[PR Newswire]] | | 12/13/2024 | [**Immersion Cooling Market Set to Grow Exponentially, Reaching USD 2547.9 million by 2032**](https://www.morningstar.com/news/accesswire/954608msn/immersion-cooling-market-set-to-grow-exponentially-reaching-usd-25479-million-by-2032-study-by-future-market-insights-inc) | [[Morningstar]] | | 12/12/2024 | [**Navigating the Complexities of Neurological Drug Access**](https://www.ajmc.com/view/navigating-the-complexities-of-neurological-drug-access) | [[AJMC]] | | 12/12/2024 | [**Urine Container Manufacturing Plant Report 2024: Project Details, Machinery Requirements and Cost Involved**](http://prsync.com/imarc-group/urine-container-manufacturing-plant-report--project-details-machinery-requirements-and-cost-involved-4500975/) | [[PRSync]] | | 12/11/2024 | [**Djibouti Insurance Market Size, Share, Demand, Key players Analysis and Forecast 2024-2032**](http://prsync.com/imarc-group/djibouti-insurance-market-size-share-demand-key-players-analysis-and-forecast---4497800/) | [[PRSync]] | | 12/10/2024 | [**Gozio Health and Hyro Partner to Bring AI Assistants to Life at Baptist Health in Jacksonville**](http://www.businesswire.com/news/home/20241210756564/en/Gozio-Health-and-Hyro-Partner-to-Bring-AI-Assistants-to-Life-at-Baptist-Health-in-Jacksonville/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 12/10/2024 | [**Gozio Health and Hyro Partner to Bring AI Assistants to Life at Baptist Health in Jacksonville**](http://www.businesswire.com/news/home/20241210756564/en/Gozio-Health-and-Hyro-Partner-to-Bring-AI-Assistants-to-Life-at-Baptist-Health-in-Jacksonville/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 12/9/2024 | [**Report on Electric Wheelchair Manufacturing Plant Detailing Business Plan, Cost Analysis and Material Requirements**](http://prsync.com/imarc-group/-report-on-electric-wheelchair-manufacturing-plant-detailing-business-plan-cost-analysis-and-material-requirements-4490418/) | [[PRSync]] | | 12/4/2024 | [**What's Trending In Medical Devices And Diagnostics For 2025 - Clinical Leader**](https://www.clinicalleader.com/doc/what-s-trending-in-medical-devices-and-diagnostics-for-0001) | [[Clinical Leader]] | | 11/29/2024 | [**Revenue Analysis and Forecast for Healthcare Business Intelligence (BI) Market at a 13.5 ...**](https://www.linkedin.com/pulse/revenue-analysis-forecast-healthcare-business-intelligence-bi-ee0dc) | [[Linkedin]] | | 11/25/2024 | [**Keeping Referral Partners Happy After Dropping Contracts With Medicare Advantage Plans**](https://homehealthcarenews.com/2024/11/keeping-referral-partners-happy-after-dropping-contracts-with-medicare-advantage-plans/) | [[Home Health Care News]] | | 11/16/2024 | [**Intellia says CRISPR therapy shows superior gain for cardiomyopathy patients**](https://www.statnews.com/2024/11/16/attr-cardiomyopathy-intellia-crispr-aha/) | [[STAT]] | | 10/16/2024 | [**Business Process-as-a-Service (BPaaS) Market 2024-2032: Global Industry Analysis, Share, Size, Growth and Forecast**](http://prsync.com/imarc-group/business-process-as-a-service-bpaas-market---global-industry-analysis-share-size-growth-and-forecast-4338397/) | [[PRSync]] | | 9/4/2024 | [**Stuart Piltch Grant for Tech Innovators: Advancing AI in National Security and Entrepreneurship**](https://finance.yahoo.com/news/stuart-piltch-grant-tech-innovators-203000790.html) | [[Yahoo Finance]] | | 7/27/2024 | [**Stuart Piltch Announces Prestigious Grant for Tech Innovators Revolutionizing National Security**](https://www.openpr.com/news/3600815/stuart-piltch-announces-prestigious-grant-for-tech-innovators) | openpr.com | | 7/16/2024 | [**Edward Marcey Joins Margulies Perruzzi as Healthcare Studio Leader - citybiz**](https://www.citybiz.co/article/577729/edward-marcey-joins-margulies-perruzzi-as-healthcare-studio-leader/) | citybiz.co | | 7/3/2024 | [**5 Amazon healthcare jobs**](https://www.beckershospitalreview.com/healthcare-information-technology/5-amazon-healthcare-jobs.html) | [[Beckers Hospital Review]] | | 6/18/2024 | [**Arsenic Pentoxide Manufacturing Plant Cost Report 2024 - Machinery Requirements and Setup Layout**](http://prsync.com/imarc-group/arsenic-pentoxide-manufacturing-plant-cost-report---machinery-requirements-and-setup-layout-4179196/) | [[PRSync]] | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **Rivanna**: A company conducting a feasibility study for its AI-enabled musculoskeletal imaging system, aiming to enhance emergency department workflows. - **IMARC Group**: A global management consulting firm that provides market assessments, feasibility studies, and strategic planning services to help businesses address critical challenges. - **EIR Healthcare**: A company involved in modular construction for healthcare facilities, emphasizing cost and time efficiency through feasibility studies. - **Lokavant**: A technology company that provides AI solutions for clinical trial feasibility assessments, aiming to improve data collection and operational efficiency. - **Pecan AI**: A company specializing in predictive analytics platforms that allow users to build predictive models without extensive coding or data science skills. - **HistoSonics**: A company utilizing ultrasound technology for non-invasive tumor destruction, currently conducting feasibility studies for pancreatic tumors. - **Deloitte**: A consulting firm providing insights into clinical trial costs and patient recruitment challenges. - **Aethlon Medical**: A company developing the Hemopurifier device for cancer patients, focusing on safety and feasibility in clinical trials. - **Syntekabio**: An AI-based drug development company that launched the 'Develop Now, Pay Later' initiative to minimize risks and costs for pharmaceutical companies. - **Nervonik**: A startup focused on neurotechnology for chronic pain treatment, recently approved for a first-in-human feasibility study. - **Liquid Biosciences**: A company specializing in AI analysis technology, collaborating with Mainz Biomed to enhance cancer detection capabilities. - **HealthTrust Performance Group**: An organization focused on performance improvement in healthcare supply chain management. - **IBM**: A key player in the predictive analytics industry focusing on AI automation and hybrid cloud solutions. - **Magenta Medical**: A company developing the Elevate heart pump, which has received FDA Breakthrough Device Designation. - **Mainz Biomed**: A biotechnology company focused on developing diagnostic tests for early cancer detection, particularly the PancAlert test for pancreatic cancer. - **MDIC**: Medical Device Innovation Consortium, focusing on collaboration and technological advancements in medical devices. - **DataRobot**: A predictive analytics platform provider that enables users to create machine learning models easily. - **Harvest Integrated Research Organization (HiRO)**: An organization focused on enhancing clinical trial processes through collaborations with medical centers. ### Partnerships and Collaborations - **Aethlon Medical and Central Adelaide Local Health Network**: Collaboration for a clinical trial assessing the Hemopurifier's safety and feasibility in cancer patients. - **Silo Pharma and Kymanox**: Collaborating to develop a specialized subcutaneous insertion device for a ketamine-loaded implant, involving proof-of-concept design and feasibility testing. - **Rivanna and US BARDA**: Funding grant to support the development and FDA clearance application for the Accuro XV system. - **EIR Healthcare and Skylight Development**: Collaboration for a new commercial property in Brooklyn, utilizing modular construction techniques. - **Aethlon Medical and Royal Adelaide Hospital**: Partnership for clinical trials of the Hemopurifier device in cancer patients. - **Mainz Biomed and Liquid Biosciences**: Expanded collaboration to enhance the PancAlert test using AI technology, focusing on biomarker evaluation and algorithm development. - **CROs**: Contract research organizations are acquiring trial sites to enhance capabilities and streamline drug development processes. - **Keck School of Medicine and Ryght Research Network**: Collaboration to leverage AI technology for improving clinical trial operations and patient care. - **Amazon**: Expanding its healthcare services through partnerships and cloud solutions, focusing on telehealth and data analytics. - **HiRO and CHA University Bundang Medical Center**: A partnership aimed at streamlining clinical trial processes from Phase I to IV, enhancing healthcare research efficiency. - **Gozio Health and Hyro**: Partnering to enhance AI assistant deployment at Baptist Health, improving service levels and reducing call wait times. - **Hitachi High-Tech Corporation and Gencurix, Inc.**: Formed a strategic partnership to enhance cancer molecular diagnostics through biomarker discovery and digital technology. - **Nervonik and The Spine and Nerve Centers of the Virginias**: Partnership to advance the development of neurotechnology for chronic pain treatment. - **Astellas Pharma and Iota Biosciences**: Astellas acquired Iota to explore bioelectronic technologies for bladder treatment. ### Innovations, Trends, and Initiatives - **Early Feasibility Studies (EFS)**: A program supporting early evaluation of medical devices, crucial for innovation in the medical device sector. - **Modular Construction**: EIR Healthcare's feasibility study leading to the adoption of modular construction for efficiency in building healthcare facilities. - **Oracle Site Feasibility and Patient Recruitment**: New cloud services designed to streamline clinical trial site selection and patient recruitment, leveraging Electronic Health Record data. - **Causal AI in Clinical Trials**: Lokavant's Spectrum software utilizes Causal AI to enhance clinical trial feasibility assessments, enabling real-time predictions and mid-study adjustments. - **Develop Now, Pay Later**: Syntekabio's initiative allowing clients to test drug targets without upfront costs, paying only upon successful validation. - **Advarra's Study Collaboration Solution**: A new solution designed to enhance study startup efficiency by automating workflows and improving collaboration among research stakeholders. - **Healthcare Business Intelligence (BI) Market**: Expected to grow at a CAGR of 13.5%, driven by advancements in operational efficiency and data-driven decision-making. - **AI in Clinical Trials**: The integration of AI technology to streamline clinical trial processes, improve patient enrollment, and reduce administrative burdens. - **Predictive Analytics Growth**: The global predictive analytics market is projected to grow significantly, driven by advancements in AI and increased investments in data technologies. - **Value-Based Healthcare**: A shift towards value-based contracts that prioritize patient outcomes and cost management. - **Histotripsy Technology**: HistoSonics' ultrasound technology for non-invasive tumor treatment, currently in feasibility studies for pancreatic tumors. - **AI in Healthcare**: The integration of AI technologies to improve patient engagement and operational efficiency in healthcare settings. - **AI-Enhanced Cancer Detection**: Mainz Biomed's PancAlert project aims to integrate AI for early detection of pancreatic cancer, addressing high mortality rates. - **AI in Imaging**: Rivanna's Accuro XV system aims to automate fracture detection and assessment, enhancing emergency care. - **Novel Medical Devices**: Aethlon Medical's Hemopurifier and Nervonik's peripheral nerve stimulation technology represent innovative approaches to cancer treatment and chronic pain management. - **Telehealth Services**: The rise of telehealth platforms, such as Amazon One Medical, offering flexible payment options and services for various health conditions. - **Gene Therapy Advancements**: Rapid developments in gene editing and therapies, with significant breakthroughs like the UK approval of Casgevy for sickle cell disease. ### Challenges and Concerns - **Regulatory Complexities**: The need for thorough feasibility processes in clinical trials to navigate complex regulatory environments. - **Data Collection in Clinical Trials**: Approximately 80% of clinical trial feasibility assessments suffer from inadequate data collection, leading to inefficiencies. - **Funding and Expertise for Implementation**: Smaller facilities face challenges in adopting advanced technologies due to high costs and the need for adequate funding and IT expertise. - **Patient Recruitment Costs**: Patient recruitment constitutes a significant portion (32%) of clinical trial costs, highlighting the need for efficient solutions. - **Regulatory Hurdles**: The diagnostics sector faces challenges related to high costs and regulatory compliance, impacting the adoption of new technologies. - **Regulatory Approval for New Technologies**: Aethlon Medical's Hemopurifier and Nervonik's technology must navigate regulatory pathways to demonstrate safety and efficacy. - **Patient Recruitment**: Challenges in identifying target patient populations and effectively utilizing recruitment resources in clinical trials. - **Integration of Patient Perspectives**: The importance of incorporating patient input into medical product development to enhance inclusivity and transparency. - **Inefficiencies in Clinical Trials**: Many clinical trials struggle with patient enrollment and administrative delays, with 80% failing to enroll patients on time due to manual processes. - **Resource Limitations**: Many healthcare institutions lack the necessary resources and training to implement lifestyle change recommendations effectively. - **Financial Constraints in Home Health**: Home health providers face challenges due to low reimbursement rates and administrative burdens, impacting their ability to deliver quality care. - **Regulatory Compliance**: Ensuring compliance with HIPAA regulations while implementing new technologies in healthcare. - **Pricing Pressure**: Large pharmaceutical clients applying pricing pressure on service providers like IQVIA, affecting profitability and service pricing. - **High Mortality Rates in Pancreatic Cancer**: The need for effective early detection methods is critical due to the high mortality rate associated with pancreatic cancer. - **Market Volatility**: Gene-editing companies like Intellia Therapeutics are experiencing stock declines despite positive trial results, raising investor concerns. - **Cybersecurity Threats**: Increased reliance on IoT-connected devices in healthcare raises concerns about data security, highlighted by ransomware attacks.